Forex Level Indikator
you want a copy of this indicator, please click the link below. In the settings window, you'll be able to change the step value (sublevels). The Support is always below current price. A couple of the key signs of resistance to look out for are swing highs. . The key levels to watch out for are.6,.2, 50,.8. I hope you will like. BrokenBars : This is the number of bars that must be closed below the support/resistance level for it to be considered truly broken (links with BrokenCount above). I prefer to keep this at about 3 across all time frames. This works the same way as InitialPips.
MT4 indicator (4) Forex Indicators Guide
Best Support Resistance Indicator for MT4 - The Forex Army
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Special edit : So a lot of people (and I mean a lot) have been asking me how they can get a hold of this indicator. This is when a previous swing low is converted into a resistance because price had broken below is and is now rising to test it again. See price failing to break above this resistance line for the past 3 times? Use this indicator as a guidance to a better mapping of Support/Resistance levels on the chart. I am introducing now my new indicator.
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