Support and Resistance Indicator V1.0 MT4 – The Ultimate Trading Tool
Support and resistance are fundamental concepts in technical analysis, helping traders identify key price levels where the market is likely to reverse or consolidate. Our Support and Resistance Indicator V1.0 MT4 is designed to automate this analysis, offering traders a clear, data-driven approach to making informed decisions.
Key Features:
Automatic Support & Resistance Levels – The indicator accurately plots major price levels where buying or selling pressure is strongest.
Real-time Market Analysis – Detects support and resistance zones dynamically as price action evolves.
User-Friendly Interface – Simple to use with customizable settings for different trading styles.
Alerts & Notifications – Get notified when price approaches a key level to act instantly.
Works on Multiple Currency Pairs – Trade effectively across various forex pairs.
Trading Parameters
| Parameter | Details |
|---|---|
| Currency Pairs | EUR/USD, GBP/USD, USD/JPY |
| Timeframe | Works best on M15, H1 |
| Minimum Deposit | $200 |
How the Support and Resistance Indicator V1.0 MT4 Works
This indicator uses historical price action and real-time market movements to determine potential support and resistance levels. It follows a systematic strategy to identify optimal entry and exit points.
Trading Strategy
- Identifying Key Levels: The indicator automatically scans historical price data to highlight strong support and resistance zones.
- Breakout Confirmation: If price breaks a resistance level with strong momentum, it signals a potential buying opportunity. If price breaks a support level, it signals a potential selling opportunity.
- Bounce Strategy: When price approaches a key level and fails to break through, traders can look for reversal signals, indicating a bounce off the level.
- Trend Confirmation: The indicator can be combined with moving averages, RSI, or MACD to confirm market trends before placing a trade.
- Stop Loss & Take Profit Placement:
- Stop-loss is typically set just beyond the support or resistance level.
- Take-profit is placed at the next key level to maximize profits.
Example Trade Setup
| Scenario | Entry Condition | Stop-Loss Placement | Take-Profit Target |
| Buy Trade | Price breaks a resistance level with strong bullish momentum | Below the previous support level | Next major resistance zone |
| Sell Trade | Price breaks a support level with strong bearish momentum | Above the previous resistance level | Next major support zone |
| Bounce Trade | Price touches a key level and shows rejection (candle wicks, reversal patterns) | Just below/above the key level | Nearest key level in the opposite direction |
Why Use Our Support and Resistance Indicator V1.0 MT4?
Saves Time – No need to manually plot levels; the indicator does it for you.
Works for All Traders – Whether you are a beginner or an advanced trader, this tool enhances accuracy.
Customizable Alerts – Never miss a trading opportunity with built-in alerts.
Enhances Trading Strategies – Perfect for day trading, swing trading, and scalping.
Boosts Win Rate – Improves decision-making by offering clear and precise market insights.
Join our Telegram for the latest updates and support: https://t.me/yoforexrobot
Please Join: https://t.me/+M-kFQePDgy5lZjY1
Stay Updated:
Instant Download: https://yoforexea.com/product/support-and-resistance-indicator-v1-0/
https://www.fxcracked.org/product/support-and-resistance-indc-v1-0/
https://www.mql5.software/product/support-and-resistance-indicator-v1-0/
Happy Trading 
There are no reviews yet.