Support and Resistance

SUPPORT AND RESISTANCE

Support and Resistance Indicator for MetaTrader 4 (MT4) draws the last 2 support and 2 resistance channels. Support Channel is shown with green and the Resistance Channel is shown with red. There is also one more color which is grey that indicates Support becomes Resistance and Resistance becomes Support.

SOFTWARE INFORMATION

Software Type: Indıcator
Indıcator Name: FxCanli Support & Resistance
Platform: MetaTrader 4 (MT4)
Currency: All Forex Pairs, All CFDs, All Cryptocurrencies and All Stocks
Time Frames: All
Notifications: Desktop Popup alerts and push notifications to your phone
Language Options: English and Turkish
Free Trial: 7 Days Free with any broker and any type of account ( Demo or Live)

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WHAT IS SUPPORT?

Support is a price level where a down trend can be expected to stop falling any further and bounces back up

WHAT IS SUPPORT?

Resistance is a price level where a up trend can be expected to stop rising any further and pull back.

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WHAT IS SUPPORT BECOMES RESITANCE?

Once the price break and close below a Support zone, that broken Support zone will become Resistance zone .

Example of Support becomes Resistance.

WHAT IS SUPPORT BECOMES RESITANCE?

Once the price break and close above a Resistance zone, that broken Resistancet zone will become Support zone .

Example of Resistance becomes Support.

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INDICATOR SETTINGS

Language:: Choose your language ( English or Turkish)
Period:
- Auto: Auto: Time Frame of the chart
- Selection: Show S&R channels of the selected Time Frame
Channel Type:
- Major Channels
- Minor Channels
Color: Choose the color of
- 1st Resistance Channel
- 2nd Resistance Channel
- 1st Support Channel
- 2nd Support Channel
- Support to Resistance Reversal Channel
- Resistance to Support Reversal Channel
Fill it: Choose Fill or Empty Channels
Extend: Choose the Channel Extend or not
Alerts:
- Breakout: Get alerts at Breakout
- Touch Zone: Get alerts when price reaches to Channels
Notification as Popup
Bring Chart on Top at alert
Alert with Arrow
Notification as Mobile Alert
Notification as Email

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Alert and Mobile Notifications

NOTIFICATIONS

Support and Resistance Indicator is with you wherever you are. Why spend time just glaring at your screen and hoping something finally will happen?
Why not spend that time actually being productive?
The most popular and unique feature of the Support and Resistance Indicator allows you to do exactly this.
A notification will be sent to your smart phone if you have MetaTrader 4 (MT4) installed or be shown as a pop-up on your monitor.
This way your trading will not get in the way of your business and private life.

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NOTIFICATIONS

SUPPORT AND RESISTANCE TRADING STRATEGY

HOW TRADE SUPPORT AND RESITANCE?

SUPPORT CHANNEL TRADING STRATEGY

Entry: Sell after candle is closed below Support channel

Target: Next Support Channel