Support & Resistance Indicator

[adnan10076]

I like your indicator. It is average good. But Knowing the exact position of support and resistance is very important in forex trading.

[umar.ctn]

Hey guys, Are there such an indicator that will draw all support and resistance lines with the price on top of the line ?

[puji]

The best indicators that help you figure out support and resistance points I think it's the daily pivot indicator, which shows you stronger points located on the chart

indicator is used it will greatly assist traders who use it if it is to understand the function of these indicators so that it can generate profit.

[kalex76]

I feel that every indicators are having the capability of showing the support and resistance level ..just its our ability to trace them out very carefully and accurately.

[imbest]

I feel that every indicators are having the capability of showing the support and resistance level ..just its our ability to trace them out very carefully and accurately.

No dear, there are some good support and resistance indicators but you should try to make those support and resistance points yourself by drawing lines on charts.

[kalex76]

No dear, there are some good support and resistance indicators but you should try to make those support and resistance points yourself by drawing lines on charts.

I feel you are trying to tell about the trend line indicators ,which is a real good one to find the support and resistance level of the trading pairs.

[seahawks90]

I feel that every indicators are having the capability of showing the support and resistance level ..just its our ability to trace them out very carefully and accurately.

you are right whether you are using RSI or whether you are using MACD its always upon you that how you will make profit from them.

[radex78]

No dear, there are some good support and resistance indicators but you should try to make those support and resistance points yourself by drawing lines on charts.

Yes.some trader using fibonacci retracement to determine support and resistance area,i am included the one use it,but i think no exact price as support or resistance area,it's like as truth among trader if at support area usually price can't break lines,and likewise with resistance area,but sometime support and resistance area broken by price,and being new support or new resistance,

[umar.ctn]

Hi Guys, I have indicator to predict support and resistance point.
This is sample of my indicator:



And this is the result of my trading from December 1st to December 15th 2008



Download indicator

Happy trading

Thanks for sharing your own system but idea behind identifying these levels seems easy but as you will find out, support and resistance can come in various forms and it is much more difficult..

[ashwini]

resistance and support is very useful indicators if u use .. or its a very good system.
with this system we follow the break out of resistance or support .. after this .. we enter the market . with tp . and also tp level is on the base on next Resistance and support level..

[puji]

resistance and support is very useful indicators if u use .. or its a very good system.
with this system we follow the break out of resistance or support .. after this .. we enter the market . with tp . and also tp level is on the base on next Resistance and support level..

it is true using support and resistance traders will be able to see the limits to be used as a reference price movement limit is going to move through the support and resistance or not.

[imbest]

Support and resistance will give you a range and you will set your take profit and stop loss according to those points. It is simple that you should not set a stop loss lower than a support if trend is downward.

[ali1011]

Support and Resistance indicators are too affective because you know also its helpful indicators throw these indicators we trade successful and right judgment for our trading i also use this anaysieies of Support and Resistance .

[puji]

Support and Resistance indicators are too affective because you know also its helpful indicators throw these indicators we trade successful and right judgment for our trading i also use this anaysieies of Support and Resistance .

indeed support and resistance can be very helpful to analyze price movements, especially if combined premises other indicators used by each trader can certainly help to analyze properly.

[zidane88]

Support and Resistance indicators are too affective because you know also its helpful indicators throw these indicators we trade successful and right judgment for our trading i also use this anaysieies of Support and Resistance .

Points of support and resistance is one of the strongest points that must be adhered to in the daily Forex every trader should be relied upon, because the price that respects these points easily