Support and Resistance
Discover the power of Support and Resistance indicators in MetaTrader 5. As a professional trader, I can attest to their effectiveness in identifying key levels in the market. These indicators help you determine where prices are likely to reverse or consolidate, allowing you to make informed trading decisions. By connecting swing highs and lows, you can easily spot areas of support and resistance. While support levels act as a floor, preventing prices from falling further, resistance levels act as a ceiling, preventing prices from rising higher. Use these indicators to your advantage, but remember, no strategy is foolproof. Always consider the pros and cons before making any trades.
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Description
FAQ
- Can I download this indicator ‘Support and Resistance’ for free?
- Yes, this indicator – Support and Resistance, like other indicators presented on the site, is free, with the exception of those where there is a fee, they are available only on the official website of the developer
- Where does this Indicator come from?
- The Indicator, like others, is collected from the official website of trading platform MetaTrader 5 and developers
- Can I use Support and Resistance on the mobile version of the trading platform MetaTrader 5?
- No, indicators can only be used on the web version of the trading platform MetaTrader 5.
Additional information
| Platform | MetaTrader 5 |
|---|---|
| Format | ZIP |
| Price | Free |
| Safety | Safe |
| Type file | Indicator |
| Size | 266kB |
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