Support and Resistance

  1. Home
  2. 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)
Try FREE!

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.

Try FREE!

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.

Try FREE!

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
Try FREE!
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.

Try FREE!
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

Stop: Use 1:2 Risk/Reward ratio

fxcanli-destek-kanali-kirilim-stratejisi-02.png
fxcanli-destek-kanali-kirilim-stratejisi-01.png
Previous
Next
Try FREE!

RESISTANCE CHANNEL TRADING STRATEGY

Entry: Buy after candle is closed above Resistance channel

Target: Next Resistance Channel

Stop: Use 1:2 Risk/Reward ratio

fxcanli-direnc-kanali-kirilim-stratejisi-01.png
fxcanli-direnc-kanali-kirilim-stratejisi-02.png
Previous
Next
Try FREE!

SUPPORT - RESISTANCE CHANNEL TRADING STRATEGY

Entry: Sell after bearish candle is closed at Support becomes Resistance area.

Target 1: Next Support Channel
Target 2: Next Major Support Channel

Stop: Use 1:2 Risk/Reward ratio

fxcanli-destek-direnc-donusum-stratejisi-02.png
fxcanli-destek-direnc-donusum-stratejisi-01.png
Previous
Next
Try FREE!

RESISTANCE - SUPPORT CHANNEL TRADING STRATEGY

Entry: Sell after bearish candle is closed at Support becomes Resistance area.

Target 1: Next Support Channel
Target 2: Next Major Support Channel

Stop: Use 1:2 Risk/Reward ratio

direnc-destek-donusumu-stratejisi-oncesi.png
direnc-destek-donusumu-stratejisi-sonrasi.png
Previous
Next
Try FREE!

TREND FOLLOWING TRADING SYSTEM

Entry: At the downtend, sell at candle close below Support channel.
At the uptrend, buy at candle close above Resistance channel

Target: At the downtrend first major Support channel of higher time frame
At the uptrend first major Resistance channel of higher time frame

Stop: Use 1:2 Risk/Reward ratio

fxcanli-destek-direnc-trend-takip-stratejisi-02.png
fxcanli-destek-direnc-trend-takip-stratejisi-01.png
Previous
Next
Try FREE!

    Etiam magna arcu, ullamcorper ut pulvinar et, ornare sit amet ligula. Aliquam vitae bibendum lorem. Cras id dui lectus.

    ADDRESS

    63739 street lorem ipsum City, Country

    PHONE

    +12 (0) 345 678 9

    EMAIL

    info@company.com