The Auto Support Resistance Zones Indicator MT4 is a technical indicator for MetaTrader 4 designed to identify critical support resistance zones. This indicator plots key zones directly on the main chart with distinct colored boxes, allowing traders to assess potential price reversal points. Moreover, it identifies five types of support and resistance zones: possible, untested, verified, weak, and turncoat. It also detects three types of broken zones. These classifications help traders understand the strength and reliability of each level, making it easier to execute trading strategies. Furthermore, with its intuitive design and color-coded zones, this indicator offers high accuracy and ease of interpretation. Its customizable settings and alert options also allow traders to tailor it to their unique trading strategies, making it an essential tool for identifying key support resistance zones.
This indicator is suitable for traders of all skill levels and across all time frames. It is designed for use with any currency pair and integrates into any forex trading system or strategy, to identify key support and resistance levels.
Indicator Settings
How to Install Auto Support Resistance Zones Indicator MT4
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
