Forex Multi Wave Support Resistance MT4 Indicator:
About the Forex Multi Wave Support Resistance MT4 Indicator
This indicator is based on the Wave Support Resistance Indicator. The “BUY” text means the current price is below the support line of corresponding timeframe. Similarly, “SELL” text for the resistance line. They are updated automatically. Before attaching the indicator to the chart, you can change the colors for the BUY and SELL texts in the input section of the indicator.
Moreover, you must add suffix entry in input section, if your broker and your trading symbols have suffix to their common name. All the major pairs and cross pairs are covered in this indicator. And 4 timeframes are also covered as shown in the screenshots.
Copy and paste the file 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)