
Swing highs and swing lows can be considered as support and resistance levels considering that the price has reversed from these levels. This indicator is based on the concept of using swing highs and swing lows to identify support and resistance levels for the MT4 indicator. Read on for the support resistance indicator MT4 here.
What is the MTF Support and Resistance Indicator?
MTF stands for “Multi Time Frame”. As the name suggests, the MTF Support and Resistance Indicator is a specialized technical indicator that automatically identifies and shows support and resistance levels based on multiple time frames.
Each type of character or symbol represents the time frame on which the horizontal support and resistance levels are based. The color of the line also indicates whether the level is a support or resistance level. The red line shows the support level, while the blue line shows the resistance level. Also, …

