The Super Support Resistance Indicator is a popular and useful tool for forex traders using the MT4 platform. This free indicator helps traders identify key support and resistance levels, which are vital for making trading decisions. The indicator works by automatically plotting support and resistance lines on the chart, making it easy for traders to see important price levels at a glance. These levels can act as areas where price is likely to reverse or break out, providing valuable information for entering and exiting trades. To use the indicator, simply download and install it on your MT4 platform. Once activated, the support and resistance lines will appear on your chart, giving you a clearer picture of market dynamics. By incorporating this indicator into your trading strategy, you can enhance your decision-making process and improve your overall trading performance.
MT4
Super Support Resistance
Super Support Resistance Indicator is a popular and useful tool for forex traders using MT4. It helps identify key support and resistance levels to inform trading decisions. This free indicator works by automatically drawing levels based on past price action. Traders can use these levels to plan their entries and exits, making it a valuable tool for technical analysis in the forex market.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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