Mastering Intraday Support and Resistance with This Simple MetaTrader 5 Indicator

Mike 2019.02.15 06:02 21 0 0
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Theory:

If you’re looking for a straightforward way to gauge intraday support and resistance, you’ve come to the right place. This indicator is as simple as they come—no fuss, no complicated parameters. It’s designed specifically for time frames shorter than daily, giving you an estimated view of key support and resistance levels throughout the trading day.

Usage:

Using this indicator is just like employing any other support and resistance tool. It helps you pinpoint where price may bounce or reverse, making it a vital part of your trading arsenal.

Intraday Support Resistance Indicator

Example of Support Resistance Levels

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