Forex Indicator "Support Resistance Levels" for MT4
- Indicator " Support Resistance Levels" is very useful auxiliary indicator for trading
- 'Support' and 'Resistance' are important zones on chart respected by price
- Support level is where the price regularly stops falling and bounces back up
- Resistance level is where the price normally stops rising and dips back down
- I ndicator " Support Resistance Levels" shows the recent levels:
- Resistance levels - red lines. S upport levels - blue lines
- The number of bars used for calculation, line type and color can be adjusted in settings
- Indicator " Support Resistance Levels " is great to plan your Take Profit targets, Price Reversals and Retests via Price action patterns.
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