The above GBPJPY H4 chart shows the Support Resistance Breakout Arrows Indicator for Metatrader 4, showing the Sup&Res levels and the trading signal arrows. The indicator shows the BUY signals in BLUE and SELLS signals in Magenta color arrows. Furthermore, the support levels are in BLUE, and the resistance levels are in RED.

Forex traders can BUY the BLUE color signal arrow. However, there may be more than one BUY signal during a trend. Traders can BUY at each signal and exit all the positions at the opposite signal. On the other hand, SELL traders can take positions once the Majenta color arrows appear.

The indicator is not based on pivot levels. Still, it indicates the best Support and resistance lines and zones based on Fractals, CCI, and RSI. Traders can use the indicator settings to filter the signals using the CCI levels and RSI overbought and oversold levels.

The significant advantage to new forex traders is the automatic identification of the strong Support and resistance levels. Furthermore, The indicator works in all time frames and is suitable for intraday traders. However, long-term traders can trade using the H4, Daily, and Weekly chart timeframes. Another vital feature is its non-repaint nature. Advanced forex traders can use the support and resistance line to add more positions in the trend direction. And accommodate the signals in complex trading strategies using multi-time frames (mtf).

Note: As digital item no refund, no return.

You will get Google Drive Link For Download.