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Support and Resistence Levels

Draw levels of support and resistance based on highs/lows or closes from daily, weekly or monthly. This indicator uses the highs, lows or closes to draw horizontal lines on the graph. By observing those lines you can identify trend (gaining or losing levels of resistence/support) and find good levels where price can bounce. For those who trade price action, this is a very useful indicator.

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Support Resistance Indicator The "Support Resistance" indicator is a versatile tool designed to help traders identify key support and resistance levels based on an underlying algorithm. These levels indicate price points where an asset historically experiences buying (support) or selling (resistance) pressure. The indicator allows traders to visualize these levels on their charts, making it easier to make informed decisions. All Products   |   Contact PARAMETERS: Timeframe : Users can select the
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Certainly! Let me introduce you to a powerful tool for MetaTrader 5 (MT5) that can automatically identify and draw support and resistance (S&R) levels on your trading charts. This tool is called the “Support and Resistance Levels Guru” . Support Resistance Levels Guru  The Support & Resistance Indicator automatically displays essential S&R levels on your chart. These levels are crucial for technical analysis and are used by many traders. Resistance levels (zones) are shown in R ed , while suppo
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