Support & Resistance (SR) Indicators for MT4

Support & Resistance (SR) Indicators for MT4

by Trading Specialist -
Number of replies: 2

Fractal Support Resistance with Button Indicator

Fractal Support Resistance with Button Indicator for MT4

A Fractal Support Resistance Indicator with a button is a trading tool used in technical analysis that helps traders identify potential support and resistance levels on a price chart. The indicator typically uses fractals, which are patterns consisting of at least five consecutive bars, to indicate high and low points that can serve as support and resistance. The added button functionality allows users to easily enable or disable the indicator, making it more versatile and user-friendly. This can enhance decision-making for entry and exit points in various trading strategies.

In reply to Trading Specialist

Quarters Theory Indicator for MT4

by Trading Specialist -

Quarters Theory Indicator

Quarters Theory Indicator for MT4

The Quarters Theory Indicator is a technical analysis tool that divides price movements into quarter levels, typically based on significant support and resistance zones that correspond to the mathematical concept of quarters, such as levels at 0.25, 0.50, and 0.75 of an asset's price. Traders use these levels to identify potential reversal points, entry and exit opportunities, and overall market sentiment. By observing price action around these quarter levels, traders can make more informed decisions about potential price movements and trends within various financial markets.

In reply to Trading Specialist

Support & Resistance Indicator with Alert & Arrows for MT4

by Trading Specialist -

Support & Resistance Indicator with Alert & Arrows

Support & Resistance Indicator with Alert & Arrows for MT4

A Support & Resistance Indicator with alerts and arrows is a tool used in technical analysis to identify key price levels where an asset tends to reverse direction. This indicator plots horizontal lines at significant support (price level where a downward trend may pause due to buying interest) and resistance (price level where an upward trend may pause due to selling interest) levels on the chart. Alerts can be set to notify traders when the price approaches these levels, and arrows can visually indicate potential buy or sell signals when the price bounces off or breaks through these levels, enhancing decision-making in trading strategies. Users can typically customize the sensitivity of the indicator and the parameters for alerts to suit their trading style.