- Easy to use and highly effective indicator for free
- With the indicator, you can see the most important support/resistance zones watched by many traders and institutions
- High probability of market reaction on the zones
- Useful for all currencies and timeframes
- Compatibility: MetaTrader 4
How to trade with the indicator profitably:
The key aspects of the indicator are the most important support and resistance price zones watched by the biggest banks, financial institutions and many forex traders. The indicator will show you the most important price zones, where crucial price moves with profitable opportunities will occur. These price zones should monitor every professional forex trader.
There are many ways to trade the S/R zones and the indicator profitably. The most widely used strategies are:
1) Range trading - trade pullbacks
2) Trade reversals as soon as supports become resistances or resistances become supports.
3) Take profits or set stop-loss based on support/resistance zones.
For more information on how to use supports and resistances in your trading, you can visit our support and resistance educational article.
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.