Support and Resistance indicator re-paints the last three bars. Specifically, when a support or resistance level is drawn, this level first appears on the open of the 3rd dot on that level. It then paints this candle with a Blue/Red dot and paints the 2 previous candles at the same time.
It includes an AUDIO ALERT when a new support/resistance level first appears (on the open of the 3rd blue or red dot/candle). I only want the alert to sound once, at the exact same time as the 3rd (support or resistance) dot appears.
It also can notify you when a new pattern emerges via platform pop-ups. This is helpful as it means you do not need to stare at the charts all day waiting for signals to appear, and you can monitor multiple charts all at once.
Support Resistance Indicator system isn’t a standalone trading indicator, This indicator can be very useful for your trading as additional chart analysis, to find trade exit position(TP/SL), and more. While traders of all experience levels can use this system, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live.
Support and Resistance Strategy can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1-minute through to the 1-month charts.