{"id":50663,"date":"2022-10-06T20:42:50","date_gmt":"2022-10-06T17:12:50","guid":{"rendered":"https:\/\/tejaratfx.com\/?p=50663"},"modified":"2025-03-02T12:20:17","modified_gmt":"2025-03-02T08:50:17","slug":"support-and-resistance-indicator","status":"publish","type":"post","link":"https:\/\/tejaratfx.com\/en\/support-and-resistance-indicator\/","title":{"rendered":"Support and resistance lines"},"content":{"rendered":"

The Support and Resistance Indicator is a practical indicator for any technical analyst.<\/p>\n

This Forex indicator is a linear indicator that will definitely help any trader who knows how to treat support, resistance and pivot levels.<\/p>\n

This indicator shows 8 different lines (with possible additional lines) on the main chart and helps you to find the best entries and exit points.<\/p>\n

You can download and use this indicator for MT4 and MT5.<\/p>\n

Parameters and settings of Support and Resistance indicator<\/p>\n

\"Support
Support and Resistance<\/figcaption><\/figure>\n

Support and Resistance indicator settings<\/p>\n

P (Default = 64) – Period on bars or other periods on which lines are calculated.<\/p>\n

We can say that lower the number, more accurate the calculations.<\/p>\n

MMPeriod (default = 1440) – includes a time frame.<\/p>\n

Per minute (60 – for hourly, 1440 – for daily, 10080 – for weekly and 43200 – for monthly)<\/p>\n

If it is greater than zero, the indicator uses the P-value of the MMPeriod minute to calculate its lines.<\/p>\n

If it is zero, the indicator uses the P value of the bars of the current chart to calculate its lines.<\/p>\n

StepBack (default = 0) – Change the direction of the calculation of lines (in the current bars or the number of MMPeriod (if set) minutes).<\/p>\n

Other parameters \u2013 Only affect the visual parameters of the lines on the chart.<\/p>\n

In fact, other settings are used to adjust the colors of the lines on the chart.<\/p>\n

Also in the numerical part, the following colors are used for the size of the lines.<\/p>\n

\"Support
Support and resistance MT4<\/figcaption><\/figure>\n

Download Support and resistance indicator for MetaTrader 4<\/h2>\n

\n\n\t\"Placeholder\"\n\t10773 downloads<\/div>\n\n\t\n\n\t\t

Support-and-resistance-mt4.zip<\/h1>\n\n\t\t\t\t\t\t\n\t\t\tDownload File\t\t\tSupport-and-resistance-mt4.zip\t\t\t\t– 24.96 KB<\/small>\n\t\t<\/a>\n\t\t\t<\/div>\n<\/aside>\n\n\n<\/p>\n

Download Support and Resistance indicator for MetaTrader 5<\/h2>\n
\"Support
Support and Resistance mt5<\/figcaption><\/figure>\n

\n\n\t\"Placeholder\"\n\t10763 downloads<\/div>\n\n\t\n\n\t\t

Support-and-resistance-mt5.zip<\/h1>\n\n\t\t\t\t\t\t\n\t\t\tDownload File\t\t\tSupport-and-resistance-mt5.zip\t\t\t\t– 36.34 KB<\/small>\n\t\t<\/a>\n\t\t\t<\/div>\n<\/aside>\n\n\n<\/p>\n

Guide to using the Support and Resistance Indicator<\/h2>\n

The Support and Resistance Indicator is quite easy to use.<\/p>\n

The 0.8P and 8 \/ 8 P lines are the last resistance and support levels that are very difficult to break.<\/p>\n

The 1 \/ 8P and 7 \/ 8P lines are weak support and resistance lines.<\/p>\n

But if the price stops near them, it reverses and changes direction.<\/p>\n

The 2 \/ 8P and 6 \/ 8P lines are strong reverse points.<\/p>\n

3 \/ 8P and 5 \/ 8P are below and above the trading average, respectively.<\/p>\n

It is very likely that the price will cross this range quickly or stay inside it for a long time.<\/p>\n

4 \/ 8P is a major support and resistance line.<\/p>\n

Sell \u200b\u200bor buy when the price passes through it for a taking a certain profit.<\/p>\n

The blue arrow indicates the final calculated bar.<\/p>\n

The indicator installation tutorial in MetaTrader 4<\/strong><\/p>\n

    \n
  • To install the indicator in MetaTrader, first click on File from the top of the MetaTrader tab.<\/li>\n
  • Then select the Open Data Folde<\/strong>r menu from the menu opened.<\/li>\n
  • Open the MQL4<\/strong> folder to install the indicator<\/li>\n
  • And then copy and paste in the indicator folder.<\/li>\n
  • Now close your meta trader and open it again.<\/li>\n<\/ul>\n

    In the relevant menu you will see that the indicator has been added to your list of indicators.<\/p>\n

    Just double-click on it in MetaTrader so that you can call and place it on the chart.<\/p>\n\n\n

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    The Support and Resistance Indicator is a practical indicator for any technical analyst. This Forex indicator is a linear indicator that will definitely help any trader who knows how to treat support, resistance and pivot levels. This indicator shows 8 different lines (with possible additional lines) on the main chart and helps you to find […]<\/p>\n","protected":false},"author":149,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[208],"tags":[],"class_list":["post-50663","post","type-post","status-publish","format-standard","hentry","category-forex-indicator-en"],"acf":[],"modified_by":"\u0633\u06cc\u062f \u0645\u0647\u062f\u06cc \u062d\u0642 \u0634\u0646\u0627\u0633","_links":{"self":[{"href":"https:\/\/tejaratfx.com\/en\/wp-json\/wp\/v2\/posts\/50663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tejaratfx.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tejaratfx.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tejaratfx.com\/en\/wp-json\/wp\/v2\/users\/149"}],"replies":[{"embeddable":true,"href":"https:\/\/tejaratfx.com\/en\/wp-json\/wp\/v2\/comments?post=50663"}],"version-history":[{"count":0,"href":"https:\/\/tejaratfx.com\/en\/wp-json\/wp\/v2\/posts\/50663\/revisions"}],"wp:attachment":[{"href":"https:\/\/tejaratfx.com\/en\/wp-json\/wp\/v2\/media?parent=50663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tejaratfx.com\/en\/wp-json\/wp\/v2\/categories?post=50663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tejaratfx.com\/en\/wp-json\/wp\/v2\/tags?post=50663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}