S&R indicator automatically finds the closest support and resistance levels (or zones) for the loaded traffic.
• The indicator works on all timeframes (it is advisable to choose at least M15)
• The indicator works on all markets
• Doesn’t redraw
• Flexible settings
The work of the indicator is based on the fractal indicator built into the MT4 platform. The fractal is a local extremum described by Bill Williams.
The support and resistance indicator automatically finds the levels or zones, where several recently formed fractals are located. It is a sign that the level / zone works as support / resistance.