probably want to bring up your period separators (. Since many traders scan many instruments, the use of a support and resistance indicator can speed up the process during your scan. While you can use any time frame, higher time frames usually have stronger levels. I also prefer to use support and resistance with swing trading strategies or position trades. Depending on your trading strategy, these all may be trades you could take. The blue numbers are on top of the price and the arrows show the support and resistance zone that price went back into. If you use MT4 (Metatrader) there are a lot of support and resistance indicators you can download. Moving Averages and Dynamic Support and Resistance.
What is your best one?
I am ready to develop such an indicator if it is not available, or improve an existing one if any.
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Note: Price will sometimes race right through support or resistance levels like they dont exist, especially in the Forex market. It can even plot inner and outer Fibonacci levels for you. It plots the previous days high and low, S1-S3, R1-R3, and all of the mid-range support and resistance levels. Dynamic support AND resistance? Drag the vS_PivotsD or vS_PivotsD_v4 indicator onto your chart. Lower highs and higher forex vip lows equals congestion as shown by the white lines.
This is an R D work, and all findings will be shared here. Horizontal support and resistance levels are not the only levels that you should be concerned with either; often. One of the reasons I believe this is the best support and resistance indicator for MT4 is the fact that there are. Youd probably have better luck finding a programmer at the Forex Factory.
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