MTF Resistance & Support Indicator
The MTF (Multi-Time Frame) Resistance & Support Indicator is a tool used by traders to identify key support and resistance levels across multiple time frames, which helps in making informed trading decisions. To trade using this indicator, first analyze the support and resistance levels displayed on the higher time frames (e.g., daily or weekly) to understand the overall trend and significant price points. Next, switch to a lower time frame (like 1-hour or 15-minute) for entry points. Look for price action signals, such as reversals or breakouts, near these levels. Enter trades in the direction of the trend when the price approaches a significant support or resistance level, ideally confirming your entry with additional indicators or volume analysis. Be sure to manage risk with appropriate stop-loss orders placed just beyond these levels.