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Support Resistance Breakout Arrows Indicator

Support Resistance Breakout Arrows MT5 An indicator for intraday forex traders using a breakout trading strategy. Buy and sell signals based on fractals, CCI, RSI

The Support Resistance Breakout Arrows indicator for MT5 is essential for intraday forex traders using a breakout trading strategy. The indicator combines Fractal, CCI and RSI to provide the best BUY and SELL arrow signals for forex traders. In addition, the indicator automatically draws major Sup&Res levels and traders can use these support and resistance lines to add additional positions during a strong trend. This Metatrader 5 indicator does not repaint the signal arrow or support and resistance lines.

Support Resistance Breakout Arrows Indicator Trading Signals

The above GBPUSD H1 chart shows the support and resistance breakout arrows indicator for Metatrader 5 showing support and resistance levels and trading signal arrows. The indicator shows BUY signals with BLUE arrows and SELL signals with magenta arrows. In addition, support levels are highlighted in BLUE and resistance levels in RED.

Forex traders can BUY when the signal arrow is BLUE. However, there can be more than one BUY signal during a trend. Traders can BUY on each signal and close all positions on the opposite signal. On the other hand, SELL traders can enter positions when the colored Majenta arrows appear.