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MTF Support Resistance MT4 Review

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MTF Support Resistance MT4 can be found within the indicators section of the MQL5 marketplace, it was first uploaded on the 25th of September 2018 by its creator Mohamad Zulhairi Baba. It has has a few updates, the indicator most recent update was on the 25th of September 2018 (same day as a release) and this brought the indicator up to version 1.11.

Overview

MTF Support Resistance MT4 is an indicator that can be sued with the MetaTrader 4 platform (a MetaTrader 5 version is also available), its main purpose is to act as a multi-timeframe, support and resistance indicator that can measure the last 320 bar of support and resistance. The indicator can be attached to whichever timeframe the user desires.

The key features of the indicator as described by the developer:

  • User input desire timeframe (default Period H4)
  • User input numbers of last bars (default 320 bars)
  • User input measurement of last HH and LL (default 10 bars)
  • Line styling and colors

Service Cost

You are able to purchase the MTF Support Resistance MT4 indicator for $30, this will give you up to 10 activations of the indicator. There is not an option available to rent the indicator so the one-time payment is the only option to get it. There is a free demo version available but the limitations of this free version are not known or stated on the site.

Conclusion

Unfortunately, there aren’t any reviews or ratings given to the indicator so we do not know whether it is useful or that it is doing what it was designed to do, there also aren’t any comments so we do not know whether it is still being supported by its creator. We would suggest contacting the developer, this way you can ensure that it will still be supported once you make a purchase and also that it will, in fact, do what you need it to do.

This Forex service is currently available at the following web address: https://www.mql5.com/en/market/product/31984

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