Forex Resistance Line Indicator

If you are looking for a Resistance Line Indicator MT4, this one I’ve attached here, created by Barry Stander, is one of the best free ones I’ve found online.

This Resistance Line Indicator easily identifies support and resistance levels in all time frames. This is a really good indicator for any trader that kind of finds it hard to identify support and resistance levels.

Or if you are are trader that like to trade breakouts of support and resistance levels, this indicator will also come very handy.

Resistance Line Indicator MT4 Example On A Chart

As you can see on the the GBPCAD 1 Hour bar chart below, it how this indicator easily identifies support and resistance levels.

Its fairly easy as you can see the blue dotted lines are support levels and the red dotted lines are resistance levels.

Forex Resistance Line Indicator MT4 Can Be Used With

There are many price action forex trading strategies on this site that are based on the Resistance concept and you can use this support and resistance indicator with those forex trading strategies.

Here are a few examples of these trading strategies:

support and resistance forex trading strategy
resistance turned support forex trading strategy
support turned resistance forex trading strategy
straddle trading strategy to trade forex news
123 chart pattern forex trading strategy
ascending triangle chart pattern forex trading strategy
descending triangle chart pattern forex trading strategy
double bottom chart pattern forex trading strategy
double top chart pattern forex trading strategy
head and shoulders chart pattern forex trading strategy
inverse head and shoulders chart pattern forex trading strategy
horizontal price channel forex trading strategy
diagonal price channel forex trading strategy

Resistance Line Indicator MT4

Apart from using the mt4 Resistance Indicator with the forex trading strategies listed above, the following are some trading ideas and teachniques which this forex indicator can assist with implementing.

Refer to this chart below…