The SupportResistance indicator shows the support and resistance levels. This indicator is necessary for any trader regardless of the strategy used.
Advantages of this indicator
- The indicator is displayed on the price chart.
- Depending on the trading direction, the indicator shows the position entry/exit points.
- The indicator works on any timeframe from M1 to MN.
- The indicator works with any symbol.
Options of the indicator application
- Trade the price rebounds from the support or resistance levels.
- Trade level breakouts.
- Use it in your trading strategy as an auxiliary indicator for determining the entry/exit points, take profit and stop loss.