The Support and Resistance Zone indicator is an MT4 indicator that indicates support and resistance levels. It is known that the price can rise or fall above these levels.
The chart shows the buy/sell signals for this indicator. To determine a buy or sell signal, different types of indicators are needed to plot. A buy signal is when the price moves around the 0 level. This is when a trader should enter a long position and then exit a short position.
Summing up
MT4’s Support and Resistance Zone indicator is a simple indicator that shows support and resistance levels. These seven key levels are what traders need to know in order to determine entry and exit points. You can also download the indicator for free from our website.
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