Automatic Support & Resistance Indicator for MT4 Download – Free – [TradingFinder]

The Automatic Support & Resistance Indicator is one of the support & resistance indicators in MetaTrader 4, designed to intelligently identify key support and resistance levels.

By analyzing frequently tested price zones, this indicator highlights support areas in green and resistance areas in brown on the chart.

Professional traders utilize this tool to identify market reversal points and define trading zones. By providing precise price behavior analysis, this indicator enables traders to execute trading strategies with greater confidence.

The primary application of this tool is to identify high-potential market zones, significantly enhancing trade success rates.

Automatic Support & Resistance Indicator Table

Below are the general specifications of the Automatic Support & Resistance Indicator:

Support Zone in an Uptrend

On the 1-hour timeframe of the GBP/USD currency pair, the Automatic Support & Resistance Indicator identifies a major support zone, highlighted with a green box on the chart.

When the price exits this zone and retests it, the box color changes from dark green to light green, indicating that the market has tested this support level.

This intelligent feature enables traders to spot price growth areas and identify optimal buying opportunities.

Resistance Zone in a Downtrend

On the 15-minute chart of the AUD/CAD currency pair, the indicator detects a key resistance level.

 After the price breaks out and pulls back, the box color changes from dark brown to light brown, indicating that the resistance level has been tested.

This color change signals a potential downtrend formation. Professional traders combine this signal with price action patterns to identify high-probability sell opportunities.

Automatic Support & Resistance Indicator Settings

Below are the settings for the Automatic Support & Resistance Indicator in MetaTrader 4:

• Support Not Touched: Adjust the color of untouched support zones;
• Support Touched: Adjust the color of tested support zones;
• Resistance Not Touched: Adjust the color of untouched resistance zones;
• Resistance Touched: Adjust the color of tested resistance zones;
• Border Color: Set the color of the box borders.

Conclusion

The Automatic Support & Resistance Indicator is one of the MetaTrader 4 indicators that intelligently identifies key price zones.

By detecting high-potential support and resistance areas, this tool provides a specialized market structure analysis.

Price action traders can use these signals to pinpoint optimal entry and exit points.