Link to the detailed article : https://www.theforexarmy.com/support-and-resistance-indicator-for-mt4/ In this video we cover how to use the TFA Fractal Support and Resistance Indicator built for MT4. It's a really advanced indicator that helps you filter out the best support and resistance areas in forex. The problem with most support and resistance indicators you find online is that they use simple swing highs and swing lows to determine a level of support and resistance. What this results in is a complete chaotic mess of lines that fill up your entire screen. The trick is in determining which of these lines are important and which can be discarded. On top of that, what we should be looking for are areas of support and areas of resistance, NOT just a single level of support and a single level of resistance. The reason for this is that the forex market usually behaves with some 'rubber price'. It finds "areas" and not single "levels of support and resistance. An example is support for EURUSD might be at 1.0000 to 1.0010 (an area of 10 pips). With this in mind, I have developed the indicator to apply smart logic in identifying these areas and look for areas of support/resistance confluence - meaning areas where multiple levels of support/resistance combine to create one 'area'. It is a rather simple indicator to use and it can easily be tweaked to adjust its sensitivity and strength. Particularly useful in identifying all areas of weak or strong support/resistance. I would recommend everyone to read the full article explaining everything more in-depth on my website at : https://www.theforexarmy.com/support-and-resistance-indicator-for-mt4/ Feel free to drop me comments and I'll get to them as soon as possible. If you feel that this video has helped you better understand support and resistance in any way, please drop a like too!
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