R more our general topics, but you should note here, that Support and Resistance are not forex support and resistance levels indicator exact price levels, but rather areas of 10-20 or more pips, where the action occur. Therefore, the spike through the red D1 line doesn’t mean that the D1 Resistance has been broken at that point, but rather quite the opposite – the D1 resistance held well upon the test. I will test it and see how it reacts.
Excellent tool in multi timeframe for seeing the supply and demand combined with volume and price action. Please explain the KG Support and Resistant indicator in detail. I am new to support and resistant. Can you edit the code to generate signals to an ea. Can you tell me when the first red or blue dot starts to plot on the chart? Is it at the beginning of the swing or a few bars after the swing has being established? IFC Markets: CySEC RegulatedEXNESS: low spreads – just excellent!
It shows them directly on the chart, providing an easy help when you want to set stop-loss or take-profit level, or when you want to see the next market target. Use the levels marked by the blue dots for support and the levels marked by the red dots for resistance. And don’t forget that support may become next resistance if breached and vice versa. Do you have any suggestions or questions regarding this indicator? You can always discuss Support and Resistance with the other traders and MQL programmers on the indicators forums. Looking for support and resistance indicator ? I look for support and resistance manually, starting from weekly charts and working my way down to 4hr.