Forex trading has become increasingly complex, requiring advanced tools, such as the Levels ResSup MT4, to optimize trades and develop effective forex strategies. This indicator is unique in its ability to independently construct support and resistance lines on price charts, as well as additional expected channel lines.

Key Features of Levels ResSup MT4

The Levels ResSup MT4 is a comprehensive trading tool with multiple features. It has support levels (indicated in blue) and resistance levels (indicated in red). The indicator also forms additional support levels, marked by the same colours in strokes.

Furthermore, there are internal support levels and resistance levels for deeper analysis, distinguished by green and pink markings. However, traders have the option to disable them if needed.

The indicator is equipped with an orange vertical StartTL line that can be moved along the history. Importantly, the lines will automatically redraw according to the new position. If not redrawn, a simple graph update should do the trick.

In the upper right corner, the Levels ResSup MT4 indicator displays the number of support and resistance lines for a quick overview.

Wide Range of Applications

This advanced trading tool is versatile in its application. It works on all currency pairs, cryptocurrencies, and stocks, across all timeframes. This makes it a reliable tool regardless of the market you’re operating in.

Customizable Indicator Settings

The Levels ResSup MT4 offers customizable settings to tailor the tool to your trading needs. The initial line construction bar, represented by ‘FirstBar = 1’, dictates the vertical line coordinate of StartTL. ‘DeltaBar = 3’ allows you to set the minimum size of lines in bars. Moreover, ‘InsLine = true’ determines whether to build an additional internal support and resistance line.

Independent Testing and Updates

Forex traders interested in the Levels ResSup MT4 can watch independent testing of this product on the forexroboteasy.com website. This platform also offers subscription options for updates on the testing results of this product.

Share Your Experience

We invite all users of the Levels ResSup MT4 to share their experiences with this advanced trading tool. Your insights could prove invaluable to others in the Forex trading community.

FAQ

1. What is the Levels ResSup MT4?
The Levels ResSup MT4 is an advanced trading tool that independently builds support and resistance lines on price charts, as well as additional expected channel lines.

2. What are some key features of the Levels ResSup MT4?
Key features include support and resistance levels, internal support and resistance levels, and an orange vertical StartTL line. It also displays the number of support and resistance lines on the upper right corner of the indicator.

3. Is the Levels ResSup MT4 versatile?
Yes, the Levels ResSup MT4 works on all currency pairs, cryptocurrencies, and stocks, across all timeframes.

4. Can I customize the Levels ResSup MT4 settings?
Yes, the Levels ResSup MT4 offers customizable settings, including the initial line construction bar, the minimum size of lines in bars, and whether to build an additional internal support and resistance line.

Please note that this is an independent product review. All information provided is based on the product description and independent testing available online.