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Which indicators show Support and Resistance?

Support and Resistance indicators include:

  • Pivot – “Pivot Levels”

    • The indicator shows pivot point and the last period levels. This can show areas where these is possible support or resistance.
  • BB – “Bollinger Band”

    • This provides a relative definition of high and low based on standard deviations and a simple moving average. Essentially, this helps to bracket price action.
  • Donchian Channels

    • This indicator is used to identify price breakouts above or below recent price history. The indicator plots recent high and low price boundaries.
  • ATR – “Average True Range”

    • This can measure market volatility per N number of periods.
  • EW – “Elliot Wave”

    • The created waves can generate BUY and SELL signals.

How to add indicators in Trading Station or MetaTrader 4.

${getInstrumentData.name} / ${getInstrumentData.ticker} /

Exchange: ${getInstrumentData.exchange}

${getInstrumentData.bid} ${getInstrumentData.divCcy} ${getInstrumentData.priceChange} (${getInstrumentData.percentChange}%) ${getInstrumentData.priceChange} (${getInstrumentData.percentChange}%)

${getInstrumentData.oneYearLow} 52/wk Range ${getInstrumentData.oneYearHigh}