Forex SR MT4 Indicator

Forex SR MT4 Indicator:

About the Forex SR MT4 Indicator

SR is a support and resistance indicator,

it shows major highs and lows by different colors.

The color of a level is changing if the last high or low are touching it.

After the closing of a bar above or below level, it will delete it.

extern inputs:
loop for candles / colors / drawing time
*This indicator signal is not perfect and have to be used with other market analysis and confirmations.

Test results:

Forex SR MT4 Indicator

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)

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