Forex Simple Support Resistance Trading Strategy
Forex Simple Support Resistance Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to support / resistance levels. Its source code uses moving averages. It has 8 settings, for example Lengh (default 14), Count Bars (default 300) and Ma Type (default MODE_EMA). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 2 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Simple Support Resistance Trading Strategy
Forex Simple Support Resistance Trading Strategy is an indicator for MetaTrader 4 based on Moving Average. It has 8 settings, such as Lengh, Count bars and Ma type. MQL source code included.
Files in the download: installation manual.txt, RSX_MA_FullSSAaa.mq4, Support and Resistance.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Lengh | 14 | |
| Count bars | 300 | |
| Ma type | MODE_EMA | |
| Ma period | 8 | Period or timeframe used by the calculation |
| Lag | 20 | |
| Num comps | 2 | |
| Period norm | 20 | Number of bars in the calculation |
| N | 300 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Support & Resistance · Moving Average · MT4 Indicator · MQL4 Source Code