The SRcandle forex indicator describes support and resistance levels on the one hour, four hour and routine chart. S&R levels are established on the higher time period’s and moves as explained:
H1 (hourly) chart – support and resistance levels are established on the day-to-day chart. H4 (4 hour) chart – support and resistance levels are established on the weekly chart. D1 (day) chart – support and resistance levels are established on the weekly chart.
For purchase signal: In an upward trend, move long on top of the resistance (buy breakout) or purchase nearby major support levels (purchase on decrease).
For an auction signal: In a downward trend, move short beneath support (auction breakout) or auction nearby major resistance levels (auction on rallies).
- This forex indicator can be utilized in all endorsed currency pairs.
- H1, H4 or D1 are the recommended time frames for utilizing the indicator.
- It can be deploy in all recommended trading sessions.
- Color and support or resistance is the configurable options in this forex indicator.
The EUR/USD One Hour Instance Chart
Utilize 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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