Best Support Resistance Levels for 1 Hour Chart, 4 Hour and Daily Chart Forex

How to Add Support and Resistance Indicator on MT4 - Adding MT4 Support and Resistance Areas

Step 1: Open Navigator Window on FX Trading Platform

Open Navigator window as shown & illustrated below: Go to 'View' menu (click on it), then select 'Navigator' window (click), or From Standard Tool Bar click the 'Navigator' button or press keyboard short cut keys 'Ctrl+N'

On Navigator window, choose 'Indicators', (Double-Click)

Best Support and Resistance for 1H Forex Chart and 4 Hour Chart and Daily Chart

Step 2: Expand the Forex Indicators Menu on the Navigator - Adding Support and Resistance MT4 Indicator

Expand the menu by clicking the expand button marker (+) or double click the 'indicators' menu, after this the button will appear as (-) and will now display a list as shown below - select the Support and Resistance indicator from this list of forex indicators so as to add the Support and Resistance indicator on the forex chart.

Best Support Resistance for 1H Forex Chart and 4 Hour Chart and Daily Chart

How to Add Custom Support and Resistance Forex Indicator to MetaTrader 4 Software

If the forex Support and Resistance technical indicator you want to add is a custom indicator - for example if the Support and Resistance technical indicator you want to add is a custom indicator you will need to first add this custom Support and Resistance indicator on MetaTrader 4 platform & then compile custom Support and Resistance indicator so that the newly added Support and Resistance custom forex indicator pops up on the list of custom indicators in MetaTrader 4 software.

To learn how to install Support and Resistance indicator on MT4, how to add Support and Resistance indicator window to MT4 platform and how to add Support and Resistance custom indicator on MT4 - How to add custom Support & Resistance forex Indicator in MetaTrader 4.

About Support and Resistance Indicator Tutorial Explained

Support and Resistance Technical Analysis & Support & Resistance Signals

Support & Resistance is one of the widely used forex technical analysis concepts in forex trading. Most traders draw horizontal lines to show these areas.

There is also a forex indicator used to draw these Support & Resistance levels automatically & show the resistance & support levels on forex trading charts.

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Best Support Resistance for 1 Hour Forex Chart and 4 Hour Chart and Daily Chart

When it comes to these Support & Resistance levels FX price can either bounce off these areas or break these areas.

If a resistance level is broken - FX price will move higher and the resistance level will turn into a support level.

If a support level is broken - FX price is going to move lower and this support level will turn into a resistance level.

Once forex price has broken through a support or a resistance level then it is likely that the FX price will continue moving in that particular direction until it gets to the next support level or resistance level.

More often a support zone or resistance level is tested by price and bounces, the more major that particular Support or Resistance level becomes.

Support and Resistance Technical Analysis & How to Generate Signals

Support & Resistance zones are calculated using trendlines technique.

Upward Forex Trading Trend

In an upward forex trend the resistance & support levels will generally move upward

Best Support and Resistance Levels for 15 Min Chart, 5 Min Chart and 1 Minute Chart

Downwards Forex Trend

In a downwards forex trend the resistance & support levels will generally move downward

Best Support Resistance for 15 Min Chart, 5 Min Chart and 1 Minute Chart