Dynamic Support and Resistance Indicator MT4 – Free Download

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Dynamic Support/Resistance Indicator MT4

Dynamic support and resistance indicator mt4

Dynamic Support and Resistance Indicator MT4 is an indicator that automatically detects strong zones where you can buy and sell from across multiple timeframes.

TFM: There are nine different time frames to select from. Overlap different time frames to achieve stronger levels. Use smart filters to improve levels.

Configuration: The strength of each time frame can be adjusted with a one-click setting. Each time frame has its own settings.

Accurate: Overlap Support / Resistance, Swing Low / High Scanner. Pullback Support / Resistance.

The broker should have low fees, low swaps, and also a fast server. The Trader Indicator works with any broker and any type of account, but we recommend our clients use one of the best brokers listed below:

Best Broker List :

BROKER NAMEREGISTERYear Founded Headquartered LeverageMinimum Deposit Regulating
Dynamic Support and Resistance Indicator MT4 - Free Download 1Register2007
🇦🇺 Australia
🇨🇾 Cyprus
🇧🇸 The Bahamas
🇸🇿 Seychelles
1:1000$200ASIC, SCB, FSA
Dynamic Support and Resistance Indicator MT4 - Free Download 2Register2008
🇨🇾 Cyprus
1:Unlimited$10CySEC, FCA, FSCA, FSA, BVI
Dynamic Support and Resistance Indicator MT4 - Free Download 3Register2009
🇧🇿 Belize
1:2000$10FSC
Dynamic Support and Resistance Indicator MT4 - Free Download 4Register2009
🇧🇿 Belize
1:3000$1IFCS
Dynamic Support and Resistance Indicator MT4 - Free Download 5Register2009
🇨🇾 Cyprus
🇦🇺 Australia
🇧🇿 Belize
🇦🇪 Emirates
1:1000$5 ASIC, CySEC , IFSC
Dynamic Support and Resistance Indicator MT4 - Free Download 6Register2010
🇦🇺 Australia
1:500$200FCA , ASIC, DFSA
Dynamic Support and Resistance Indicator MT4 - Free Download 7Register2011
🇬🇧 England
1:500$25CySEC
Dynamic Support and Resistance Indicator MT4 - Free Download 8Register2006
🇪🇭 Ireland
1:400 $100CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Dynamic support and resistance indicator mt4 settings

free support and resistance indicator

 

Before we go any further into how to adjust and tweak the settings of the Support and Resistance indicator, I recommend watching this video.

To make use of this indicator more effectively, you need to understand a few settings.:

MTF Selector : 

You can select from a variety of support/resistance lines from other time frames to be displayed on your chart by using the multi-timeframe selector.

Swing Sensitivity : 

In order to create a swing high/low, you would need this number of bars to the left/right of the high/low.
Initial Pips :
It plots a line between these swing highs/lows and detects whether they coincide with other swing highs/lows.

 

Dynamic Support/Resistance Indicator MT4

As soon as you have identified a support/resistance area, you need to add other elements to determine how strong it is. you can use a holistic approach to evaluate a support/resistance level.

You can start by trying this magic indicator with your private strategy. I think a backtest can be a nice idea.

Don't forget to share with us your: Ideas, Strategy, Forex Tools, Results, etc...  through this form: Forex Guest Post

Dynamic Support and Resistance Indicator MT4

We highly recommend trying the Dynamic Support and Resistance Indicator MT4 for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.

 

=> Dynamic S/R mt4

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Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.