Best Support and Resistance Indicator for MT4.
A single trend line is a Forex trend indicator. It is one of several support/resistance indicators that can be used in Forex trading. When plotted on a graph, single trend lines can show the Forex trader a line which has a probabalistic edge of being a . The Fibonacci SR Indicator creates support and resistance lines. This indicator is based on Fibonacci Retracement and Extension levels. It will consider many combinations of the Fibonacci levels and draw support/resistance lines based on these.
Rob January 11, Chris January 11, Mahesh February 2, Thank you for your recommendations and reviews which are excellent. Martin April 27, How do I get the indicator. Chris May 30, Phil September 17, Chris September 17, Hey Phil, Thanks for commenting. Bojan September 24, Hey Chriss, any progres for D1 TF? Chris September 25, Hey Bojan, Thanks for commenting. Kate October 26, Hi there, Actually I look into the codes, the author has included the calculation Up to D1.
Thank you for sharing this wonderful indicator. Chris October 26, Hi Kate, Thanks for reading and commenting. Chris October 12, It should work for any MT4 platform. Is there any tutorial for this Indicator if you have suggestion. Chris October 13, Freya November 29, Chris November 29, Hello Freya, Thanks for the kind words and thanks for reading.
Alex December 2, Chris December 2, Hello Alex, Thanks for the kind words. Sylvester January 28, Chris January 28, Precious February 16, Chris February 16, Precious February 21, Chris February 21, Precious February 22, Chris February 22, Nice one chris…working very well.. Chris March 14, Lucas Caccavaro March 14, Hello Lucas, Try it out to see if it works well for you.
Lucas Caccavaro March 15, Hello Lucas, You just trade these levels the same way you would trade any other support and resistance levels. I must have been thinking of something else. Will March 30, Chris March 30, Thanks for the comment, Will.
As far as I know, this indicator is not available for MT5. John Jakobs April 3, Good Day Just came across this indicator have not used it yet BUT it looks promising , just wanted to fine out whether it gives alerts when the SR lines are touched , Thanks John.
Chris April 3, Thanks for the comment, John. This indicator does not use alerts of any kind. Eric April 7, Chris April 7, That would be awesome, Eric! Chris April 15, Chris May 17, Thank you in advance. Pakamisa Buka July 14, Chris July 15, Salah July 17, Chris August 15, Can this indicator be used with success for binary options?
Chris August 21, Sure… if you use MT4 charts to make trading decisions for your binary options plays. Chris August 30, Glad you found this useful. Chris September 3, Zat October 9, Chris October 10, Souheil Chabaro September 12, Hi Chris, what is m stand for in mR1 and mS1? Chris September 13, Ben October 26, Chris October 27, Com gold tracked by edition since April.
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Forex tasa de cambio soles a pesos colombianos from ForexLive. The fastest Foreign Gold market reporting and analysis. Live Forex and economic news. May 25, , I think the best manual trade system is human brain. I just started to check this system on Daily chart and noticed that if you are waiting for change bar color you are already too late because it happens mostly near the centre line.
If the trade is perfect, you will see that all conditions for opening the trade is in the right place. However, you may able to open a down trade even the price is between the lowest red line and middle green line at a higher risk.
Hi Charles, Lets take as an example usdchf and audusd on Daily. Do you think we are getting close to open trade? Lets follow the rules of the system and see what's gonna happen. As in this exceptional case, it is best for you to wait for another additional rule that is the LSMA thick green and red line to cross up the oversold region before taking this trade.
If the red and green line, LSMA, stays below the oversold region it will cause the price to fluctuate for a few bars before the price follows the star and CCI direction after the LSMA crosses the oversold line.
You stop loss will be just below the star. Of course, if the Smart CCI horizontal line does not change to white my indicator to hot pink and there is no available blue candle after the cross or at the cross of the horizontal line the price is near to the middle green line then you should disregard this trade. However, before the white horizontal line my indicator hot pink horizontal line appears, the star would be pushed down further by the price. Therefore, the confirmation by the smart CCI and 1st blue bar thereafter is very important.
Hi, very interesting system. Is it correct that the ea opens trades on any pair according to the rules and that we have to close manual if new 4H candle is against the trend? Is it possible to setup the system without checking every 4h?
If this statistical evidence exists, where is it? Otherwise, system seems pretty good actually, if a bit late I would expect. Hi This is claimed by the author of the manual system. But to me this system is a very accurate, simple to follow and almost emotionless trading and also it is an affordable system. What more do you want?
The middle levels are plotted because price often reverses or bounces off of those levels. Home Forum Help Login Register.
The value of currencies may fluctuate and investors may lose all or more than their original investments. Chris September 25,