IGodZilla offers Forex Support Resistance MT4 Indicator + Entry Points.
Key Features of this indicator:
Provides three support and resistance lines.
Offers precise entry points.
Can be used for any currency pairs.
Suitable for scalping, swing trading, and long-term trading.
Rules for going long (buy):
The pivot point (PP) of the previous day should be below today's pivot point (dashed line on the chart).
The pink, white, and golden lines on the chart must be above the pivot point.
The tail of a rising candlestick must touch the yellow line. Set your stop loss at S1 and take profit at either R1 or R2.
Installation: Place the MQ4 and EX4 indicator files in the "MQL4/indicators" folder in your MT4 installation directory.
Remember that there is no 100% accurate trading system in the world, and even excellent trading systems may have periodic flaws. Having an additional reference signal is like having extra guidance. We wish you success soon!
