Best Support and Resistance Indicator for Intraday & Scalping - MT4 & MT5

Get it here ➤ https://mt-algorithm.com/en/indicator/13

Best Support and Resistance Indicator for Intraday & Scalping

Hello Traders,

In this video, we will show you a very powerful trading indicator, which detects new support and resistance in real time, and which sends buy and sell signals as soon as a new level of support or resistance appears. .

As you see in this demonstration, this indicator does not repaint, it displays support and resistance levels in real time and without delay. And sending notifications by e-mail or on the trader's mobile phone as soon as a new support or resistance appears.

As you already know, the best basic trading strategy in the market is to buy an asset when the prices are at the support level and to sell when the prices are at the resistance level.

It is important to note that support and resistance levels are the levels where market players such as banks and financial institutions intervene to buy and sell on the stock market and position themselves on the most attractive values.

There are several trading strategies using support and resistance levels.
But before using these strategies, you must know the two types of Forex charts that exist on the stock market:

A ranging market is a market that has no clearly defined trend and prices move between support and resistance areas.
So the strategy is to look for buy trades when the prices are close to the support level and sell trades when the prices are close to the resistance level.

The second type of market, is the market in trend, we speak of trend, when a market makes a clear movement in one direction, upwards or downwards.
The most well-known trends are bullish and bearish trends.
The easiest way to identify trends is to use two moving averages, or observe the raw price movement of an asset.

The strategy is therefore to buy when the trend is up, and if the price is close to the support level, or if the price crosses a resistance level upwards.
And sell when the trend is down, and if the price is close to the resistance level, or if the price crosses a support level down.

Download page: https://mt-algorithm.com/en/indicator/13


Happy Forex Trading !

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