The Waddah Attar Super Support & Resistance indicator for MT4 draws interesting support and resistance levels on the chart.
The indicator updates all levels automatically for any time frame.
Support & resistance levels can be used in multiple ways, for example, to identify entry points in trending markets.
Key Points
- Displays support & resistance levels
- Dynamically updates all levels for any time frame
- Versatile technical indicator
- Well worth adding to your indicator collection
Free Download
Download the “Waddah_Attar_Super_Support_Resistance.mq4” indicator
Indicator Example Chart
The EUR/USD 1-hour chart below shows the Waddah Attar Super Support & Resistance indicator in action.
Basic Trading Signals
Signals from the Waddah Attar Super Support & Resistance indicator for Metatrader 4 are easy to interpret and go as follows:
BUY:
- During rising markets, open a buy trade when the price touches support. Confirm the buy trade with other technical tools.
- Place a stop loss below the previous swing low level.
- Take profit at a risk-to-reward ratio of at least 1.5 or better.
SELL:
- During falling markets, open a sell trade when the price touches resistance. Confirm the sell trade with other technical tools.
- Place a stop loss above the previous swing high level.
- Take profit at a risk-to-reward ratio of at least 1.5 or better.
Download Now
Download the “Waddah_Attar_Super_Support_Resistance.mq4” MT4 indicator
Support-Resistance MT4 Reversal Strategy with RSI Peak/Valley Confirmation
This strategy combines structural key levels from the Waddah Attar Super Support Resistance Indicator for MT4 with overbought/oversold conditions identified by the RSI Peak Valley Levels Indicator for MT4.
The goal is to catch precise reversal entries at major zones of interest with momentum confirmation.
Strategy Overview
- Timeframe: M15, H1, or H4
- Pairs: EUR/USD, GBP/USD, USD/JPY, AUD/USD
- Indicators Used:
Waddah Attar Super Support Resistance,
RSI Peak Valley Levels
Buy Entry Rules
- Wait for the price to reach a key support level identified by the Waddah Attar Super Support Resistance Indicator.
- Check if the RSI Peak Valley Levels Indicator shows a bullish valley or RSI level below 30 at that zone.
- Enter a buy trade once a bullish candle closes above the support level.
- Set your stop-loss slightly below the support zone or last swing low.
- Take profit at the next resistance level or once RSI reaches a peak zone.
Sell Entry Rules
- Wait for the price to touch a strong resistance level from the Waddah Attar Super Support Resistance Indicator.
- Check if the RSI Peak Valley Levels Indicator signals a bearish peak or shows RSI above 70.
- Enter a sell trade after a bearish candle confirms the rejection.
- Place your stop-loss above the resistance level or most recent swing high.
- Target the nearest support zone or close the trade once RSI drops near a valley.
Forex Trading Tips
- Use higher timeframes to identify major zones and trade on lower timeframes for tighter entries.
- Look for RSI divergence near support/resistance for even stronger confirmation.
- Avoid entries during high-impact news releases as volatility may spike through levels.
Customizable Parameters & Settings
Step, support range, resistance range, strong level, hidden level, RSI level, pivot level, Camarilla level
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
Technical Information
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: works on any time frame
Indicator Type: support & resistance
How to install the Waddah Attar Super Support & Resistance indicator in Metatrader 4?
- Copy and paste the Waddah_Attar_Super_Support_Resistance.mq4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
