Synergy Pro ASR Indicator

The Synergy Pro indicator available on MetaTrader is an indicator for forex that can identify possible resistance or support zones for the rate. It also highlights the latest prices’ swing points, which tend to function as constantly changing zones of resistance or support.

This indicator’s technical nature is represented by drawn lines that are colored salmon and sea green to show support and resistance levels as well as support levels. It is suggested for breakouts and trend reversals traders to determine potential trends that could be trend-continuing or trend-reversing.

Additionally, the Synergy Pro indicator is suitable for various classes of forex traders, such as intermediate, beginner, and advanced traders. In addition, it could be used to determine possible setups for scalping or day/intraday trading opportunities.

How to Trade with Synergy Pro ASR Indicator

The screenshot above shows what the indicator might look like on the chart for MT4. It also demonstrates how to spot the most likely trade setup. Additionally, it is suggested for use in conjunction with other technical indicators and price action to increase performance.

As mentioned earlier, this indicator could be useful to breakout and trend reversal traders. It means you could open a buy/sell trading account when the price rises above the previous resistance or support zone. On the other hand, you could open a buy/sell transaction when the price is broken and then retest the previous resistance or support zone.

The image above illustrates an approach to trend breakout for the setup of a SELL. The trade for SELL would have been initiated after the price had broken and retested the prior support zone. This makes sense since broken support is more likely to turn into resistance, and vice versa.

Conclusion

This Synergy Pro indicator ASR for MT4 is essentially a tool to detect potential areas of trend reversal or continuation. Additionally, it’s completely free to download.