Trade Stock Indices

Learn Stock Indices Trading

Adding MetaTrader 4 Support and Resistance Indices Technical Chart Indicator

Step 1: Open the Indices Trading Platform Navigator Window

Open the Navigator window as shown below; Go to “View” menu (click), then select the “Navigator” window (click), or From Standard Toolbar click the “Navigator” button or press short cut keyboard keys “Ctrl+N”



On the Navigator window, select “Indicators”, (Double Click)

MetaTrader 4 Support and Resistance Indices Indicator

MetaTrader 4 Support and Resistance Indices Indicator


Adding Support and Resistance MetaTrader 4 Indices Technical Chart Indicator

Expand the menu by clicking the expand button marker (+) or double click the “indicators” menu, after this the button will appear as (-) and will now display a list as shown below - select the Support and Resistance stock indices chart indicator from this list of stock indices indicators so as to add the Support and Resistance stock indexes technical indicator on the stock indexes trading chart.

From the Above window you can then place Support and Resistance indicator that you want on the Indices Trading chart

From the Above window you can then place Support and Resistance indicator that you want on the Indices Trading chart



How to Put Custom Support and Resistance Indicator on MetaTrader 4 and How to Install Support and Resistance Indicator MetaTrader 4

If the stock indices indicator you want to add is a custom indicator - for example if the Support and Resistance indicator you want to add is a custom indicator you will need to first add this custom Support and Resistance indicator on the MT4 stock indexes trading platform and the compile the custom Support and Resistance indicator so that the newly added Support and Resistance custom indicator appear on the list of custom indicators on the MetaTrader 4 stock indexes trading platform.


To learn how to install Support and Resistance indicators on MetaTrader 4, how to add Support and Resistance indicator window to MetaTrader 4 and how to add Support and Resistance custom indicator on MT4 stock indexes trading platform - How to add a custom Support and Resistance indices trading Indicator on MT4.



About Support and Resistance Indices Indicator Tutorial


Support and Resistance Indices Technical Analysis and Support and Resistance Indices Trading Signals

Support and Resistance is one of the widely used concepts in indices trading. Most traders draw horizontal lines to show these levels.


There is also an indicator used to draw these levels automatically and indicate the resistance and support levels.

Support and Resistance Indices Indicator



When it comes to these levels stock indexes price can either bounce off these levels or break these levels.


If a resistance level is broken stock indexes price will move higher and the resistance level will turn to a support.

If a support level is broken stock indexes price will move lower and the this level will turn to a resistance.


Indices Price where the majority of investors believe that indices prices will move higher, while resistance levels indicate the stock indexes price at which a majority of investors feel indices prices will move lower.


Once stock indexes price has broken through a support or a resistance then it is likely that the stock indexes price will continue moving in that particular direction until it gets to the next support or resistance level.


The more often a support or resistance level is tested or is touched by the stock indexes price and bounces, the more major that particular level becomes.


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Indices Technical Analysis and Generating Indices Trading Signals


These levels are calculated a indices trend lines method.


Upward Trend

In an upward indices trend the resistance and support will generally head upwards


Resistance and Support Indices Indicator Indices Upward Trend

Upward Trend


Downward Trend

In a downward indices trend the resistance and support will generally head downwards

Support Resistance Indices Indicator Indices Upward Trend

Downward Trend

 

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