Levels – Support and Resistance Indicator for Metatrader 4
Support and resistance levels indicator: https://optionclue.com/en/levels-indi...
Levels indicator has been created in order to simplify the process of plotting support and resistance levels and zones on selected timeframes. It significantly reduces the time needed to plot them on the chart and simplifies a market analysis process.
Horizontal support and resistance levels are used to identify price zones where the market move can slow down or price reverse is likely to occur. Levels indicator helps identify find entry signals that appear during a deep market correction, or calculate stop-loss and take-profit.