IVT Support And Resistance Metatrader 4 Indicator
The IVT Support and Resistance MT4 indicator visualize support and resistance levels on the charts. Blue colored dots suggest support. Red-colored dots suggest resistance. It works on all currency pairs and for all time frames.
Buy a close above resistance in up trending markets. Place stop-loss below previous support.
Sell a close below support in down trending markets. Place stop-loss below previous resistance.
Use in conjunction with trend analysis tools to determine the primary trend. Trade with the trend for the best results.