The Weekly Support/Resistance Forex Indicator for 4H and One Day Charts

The weekly support and resistance foreign exchange indicator sketches support and resistance levels on the chart established on the weekly bar from the previous week. It is a marvelous exchanging indicator for swing and longer terms forex traders. Utilize this indicator on the daily and four hours charts

Exchanging Signals

For purchase, observe to purchase nearby the weekly support in an upward trend.

For auction, observe to auction nearby the weekly resistance level in a downward trend.

Features

  1. This indicator can be utilized in any endorsed currency pairs.
  2. The recommended time frames are four hour and daily charts.
  3. Applicable in any recommended trading sessions.
  4. CountBar, TF and start are the configurable options for this forex indicator.

The GBP/USD Daily Instance Chart

the-weekly-support-or-resistance-forex-indicator-for-4h-and-one-day-charts

Danger-SignUtilize this forex Indicator at your own risk. Windsor Forex cannot be responsible for any losses associated with utilizing any forex indicator presented on the site. It’s not recommended to utilize this indicator on the real account without testing it on demo first.

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About The Author

Mike N

Financial Trading Systems Design Expert

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