Friday, October 23, 2015

Automated Actual Support Resistance A2SR indicator for MetaTrader 4

A2SR Leading Indicator
Automated Actual Support & Resistance - No Repaint - No Lagging.

This indicator is mostly needed by:

Professional traders who are tired of drawing to find Support/Resistance and need plenty of time to find the market sentiment.
Traders with an experience of 3 years or below. It is time to clean up your chart and start comfortable trades.
Traders who need to recover their account.
This is a leading indicator showing each level of Support/Resistance in the future before price reaches those levels. With A2SR, that automatically figures out S/R in real time, we will always have plenty of time to study the current market sentiment or a swing within a week on even mid-term or long-term intervals.

Each line below the current price is Support, and each line above the current price is Resistance. Regardless of the used timeframe, A2SR always shows you each level S/R from the higher scale. It is a leading indicator with no repaint and no lagging.
Use your experience and then just make sure you put limit order on each major S/R level - Sell Limit on Resistance and Buy Limit on Support from A2SR. A2SR displays actual S/R line and enhances them with Fibo golden ratio. S/R levels become stronger if they coincide with Fibo ones.
A2SR also has benefits for creating a wave of trends on each S/R levels.
Basically, the price will rise from Support and fall from Resistance. Keep in mind that the price will rise suddenly after it reaches Support level, and price will suddenly fall after reaching Resistance level. Most effective strategy for A2SR is placing a Buy Limit pending order on strong Support and Sell Limit one - on strong Resistance.

When a Support has been broken, then its level becomes the current new Resistance, and when a Resistance has been broken, then its level becomes the current new Support...

Automated Actual Support Resistance A2SR

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