Support Resistance Indicator
Auto Detect version for MetaTrader 4 terminal
Quantina Support Resistance Forex Indicator is detecting automatically the Actual and Important price levels, instantly drawing them to your chart with extended zone levels on any timeframe.
Alert System (PopUp / Email / Phone) - built-in.
Support Resistance Level:
These support and resistance levels are seen as important in terms of market psychology and supply and demand. Support and resistance levels are the levels at which a lot of traders are willing to buy the stock (in the case of a support) or sell it (in the case of resistance).
Price reaches a strong or weak support zone. (Indicator will show you the strength) At that zone, open a buy trade. Advised to set TakeProfit below the closest resistance. The StopLoss is the same amount of pips from the entry price as TakeProfit if you are using 1:1 ratio.
When Market Price reaches a strong/weak resistance zone, open a sell trade. Advised to set TakeProfit above the nearest support. The StopLoss is the same amount of pips from the entry price as TakeProfit if you are using 1:1 ratio (Profit:Loss).
Buy/Sell tips for Advanced Traders:
Same scenario as the above mentioned however recommended to trade on Strong Support or Strong resistance with >2:1 ratio. (Profit:Loss) Several other trading ideas with this indicator on our Forum site. “ Once the price hits the strong S / R zone (previously tested by the market), I open a trading position against the direction of the market (I use limit orders). Then I hold the trade until the price reaches the opposite S / R zone.”
Easy Installation – Copy / Paste:
1. Open your MetaTrader 4 terminal.
2. Go to File \ Open Data Folder
3. Copy your downloaded Quantina_Support_Resistance_Indicator.ex4 file into your MQL4 \ Indicators folder.
4. Refresh your MetaTrader 4 Indicators list
7. Open any currency pair chart with any timeframe.
8. Attach your Quantina_Support_Resistance from the Navigator Window under your Indicators tab.
It works on every timeframe and every type of broker.
Quantina Intelligence Limited is running a Forum site for registered customers for community questions.
Also, we answer all the support emails usually in 24-72 hours.
Lifetime Upgrade Availability
We are continously developing our products. Quantina Forex News Indicator includes free upgarde as an option.
One time Payment
No monthly fee. Displayed prices are final price, there is no any hidden fees. EU VAT MOSS may apply.
Pay by PayPal confidence. PayPal account is not required.
(Visa, Visa Debit, Visa Direct, Master, American Express cards accepted by PayPal)