Meta Trader 4 Support and Resistance Indicator MT4 Charts

Support and Resistance Levels in Indices Trading is one of the widely used technical analysis method. Support and Resistance Levels in Indices Trading highlights the areas where price is likely to bounce off after reaching these Support and Resistance Levels. Most traders draw horizontal lines to show these Support and Resistance Levels - Support and Resistance Levels in Indices Trading.

There is also a indicator used to draw these Support and Resistance Zones automatically and indicate the resistance and support levels - MetaTrader 4 Support and Resistance Indicator MT4 Charts - Support & Resistance Zone Indicator MT4 - Support and Resistance Zones Indicator Trading.

- MetaTrader 4 Support and Resistance Indicator MT4 Charts - Support & Resistance Zone Indicator MT4 - Support and Resistance Zones Indicator Trading

When it comes to these Support and Resistance Zones - stock price can either bounce off these Support and Resistance Zones or break through these Support and Resistance Zones.

If a resistance zone is broken the price will move higher & the resistance zone will turn into a support zone.

If a support zone is broken the price will move lower & the support zone will turn into a resistance zone.

Support Levels - Price where the majority of traders believe that prices will move higher, while Resistance Zones indicate the price at where majority of traders feel prices will move lower.

Once price has broken through a support zone or a resistance zone then it is likely that the price will continue to move in that particular direction until when it gets to the next support zone or resistance zone.

The more often a Support or Resistance zone is tested by the price and the price bounces, the more major a Support or Resistance Area that specific level becomes.

Dynamic Support and Resistance Indicator Meta Trader 4

Dynamic Support and Resistance Indicator Zones are calculated using trend-lines method.

Up-ward Trend

In an upward trend the Dynamic Support and Resistance Indicator Zones will generally head upward in an upward direction

Dynamic Support and Resistance Indicator MT4 - MetaTrader 4 Support and Resistance Indicator MT4 Charts

Downwards Trend Indices Trading

In a downward trend the Dynamic Support and Resistance Indicator Zones will generally head downwards in a downwards direction

Down-wards Trend Indices Trading - Dynamic Support and Resistance Indicator MT4 - MetaTrader 4 Support and Resistance Indicator MT4 Charts