MetaTrader's Support and Resistance Lines indicator can calculate and draw support and resistance levels for any currency pair or trading instrument.

The concept of support and resistance is important in trading. When trading, support and resistance levels are usually taken into account. Understanding them is very important. MetaTrader's Support and Resistance Lines indicator calculates support and resistance levels and plots them on the chart.

The MT5 Support and Resistance Lines indicator is a powerful tool for finding and displaying levels of support and resistance. Prices tend to bounce between support and resistance levels. These are the types of barriers that are difficult to overcome. The human eye is easily able to distinguish between support and resistance, so traders should pay attention to close prices and see where they consolidate or bounce.

The story is different when it comes to mathematically calculating these levels. A sophisticated algorithm should be used to find these levels. When the indicator looks at a group of candles, it sees if the price is going up