BEST SUPPORT AND RESISTANCE INDICATOR FOR MT4 (402MB)
Finally, a multi-timeframe dynamic support and resistance indicator that helps you automatically identify strong zones to buy and sell from.
- Toggle over 9 different time frames
- Overlap various time frames for stronger levels
- Smart filters for more accurate levels
SUPPORT & RESISTANCE
- Multiple Swing Low / High Scanner
- Overlap Support / Resistance
- Pullback Support / Resistance
- Adjust the strength of each time frame
- One-click strict settings
- Individual settings for each time frame
SUPPORT AND RESISTANCE TRADING STRATEGY
A proper guide to understanding how to trade support & resistance profitably.
Crafted by a team of CMT, CFTe & CFA certified traders.
Trading purely based on support and resistance can be a very profitable strategy – but only if you do it correctly. I am a full-time trader running an award winning research firm, providing analysis for the largest banks and brokers in the world. My personal trading method (on top of support and resistance) involves using Advanced Fibonacci Retracements, Candlestick Patterns (really important), True RSI and proper trade management. Below is a short video I was featured in showing the day in my life as a trader.https://www.youtube.com/embed/ZBtsnLSWO8w?controls=1&rel=0&playsinline=0&modestbranding=1&autoplay=0&enablejsapi=1&origin=https%3A%2F%2Fwww.theforexarmy.com&widgetid=1
Before you can even begin to trade support and resistance, you need to understand how to interpret it and most importantly, how to filter out the good zones from the bad zones. Notice I say zones here and not levels. Because support and resistance works in the form of zones (areas), not specific levels.
Today we will be covering a few things, in particular, to prepare you to not only use this support and resistance indicator but also to make good money trading it.
Agenda for today:
- Support and Resistance Simplified
- Understanding Swing High and Swing Low Areas
- Identifying swing high and swing low areas on the indicator.
- Pullback Resistance and Pullback Support Areas
- Identifying pullback support and resistance on the indicator
- Horizontal Overlap Support and Resistance Areas
- Identifying overlap support and resistance on the indicator
- Improving Your Support and Resistance strategy Accuracy
At the end of this topic, you should be well on your way to making seriously good money using support and resistance to trade.
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