Support And Resistance Alert Metatrader 4 Forex Indicator

The Support and Resistance Alert forex indicator displays the short-term support and resistance levels on the chart for any pair and timeframe.

The indicator also notifies you via a pop up alert box when price breaks through the support or resistance line.

This is the indicator you need if you like to trade short-term S&R level breakouts.

Free Download

Download the signal-length.mq4” MT4 indicator

Example Chart

The EUR/USD H1 chart below displays the Support and Resistance Alert forex indicator in action.

Basic Trading Signals

Signals from the Support and Resistance Alert forex MT4 indicator are easy to interpret and goes as follows:

Buy Signal: Open buy position when price closes above the resistance line (bullish price action).

Sell Signal: Open sell position when price closes below the support line (bearish price action).

Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.

Download

Download the signal-length.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern

Customization options: Variable (resistance, support, time_set) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: support | resistance

Installation

Copy and paste the signal-length.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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