Settings forex indicator ResistSupport:
Forex indicator ResistSupport is a level indicator that, based on the price dynamics, allocates strong support and resistance levels.
Forex indicator ResistSupport displays on the price chart of the currency pair support and resistance levels. If from the price level there were three price rebounds, the ResistSupport indicator displays the resistance level in red and the support level in blue.
The ResistSupport indicator is very simple to use, has two parameters in the settings.
The lines of the level of resistance and support have a chaotic appearance and vary depending on the situation on the market.
This indicator is suitable for various tasks and trading strategies. Forex, stock market, binary options.
We recommend using ResistSupport with additional trend filters, standard MT4 indicators. The entry point can be used one of the PinBar or Pull-up patterns, as well as a divergence.
You can download free of charge on my blog. The indicator is intended for metatrader4, ex4 file.