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Support And Resistance MTF Indicator
Support and resistance MTF indicator for MT4 helps forex traders BUY and SELL using breakout and failure of mtf levels.

CATEGORIES: MT4, LEVELS, INFORMATIONAL
Updated on: 06.10.2023

The Support and resistance MTF indicator for MT4 provides the forex trader with support and resistance of multiple time frames (mtf) in a single price chart. The support and resistance levels become even stronger and reliable when they correspond to various time frames than a single one. For example, H1 support and resistance become stronger if it appears at the same price level in an H4 price chart. Using this indicator, forex traders can identify the multi-timeframe (mtf) support and resistance in the current price chart and determine the best entry point to BUY and SELL.

The indicator works well in all intraday time frame price charts and the daily, weekly, and monthly charts. New and advanced forex traders benefit from this indicator in identifying the bullish and bearish trends and the best entry and exit points in a snapshot. Moreover, technical forex traders can use the indicator for auto trading strategies.

Support And Resistance MTF Indicator For MT4 Trading Signals

The above price charts of GBPUSD H1 show the Support and Resistance MTF indicator for MT4 in action. Additionally, the indicator shows the support as Blue lines and the resistance as Red dotted lines.