Double SR levels for MT4
Supports and resistances are an essential part of any slightly more advanced trading, and they tend to be the basis of the strategies of the world's leading traders.
However, today's twin supports and resistances are unique in that if only one of the two lines is hit, then the price is likely to bounce and conversely if both are hit, the chances of the market breaking out and continuing in that direction increase, so traders no longer have to think of length about how to react to the hit.
- The breakout indicator
- User complexity: Advanced
- Usability: Commodities, Forex, Stocks
- MetaTrader 4 Compatibility.
- Free indicator updates
Trading with the indicator
Today this is a breakout type of indicator, which means that after hitting some set double level, the price is very likely to not bounce, but to continue in that direction. And it is in this simple way (entry in the direction of the hit) that this indicator can be traded.
Download the Double SR Levels from the button below
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.