The leading independant online broker ActivTrades has developed very useful tool for MetaTrader 4 and MetaTrader 5 platforms with 3 levels of resistance and support to help traders with their trading decisions - Pivot Points Indicator.
The lines shown on the chart represent the points of support (orange), as well as the levels of support and resistance (dark blue, red and green). If the price is higher than the Pivot Point, the market is usually considered to be "Bulish" (a market where the price is rising), whereas if the price is below the Pivot Point, the market is usually "Bearish" (a market where the price is down). Support and resistance help determine the potential levels of change in the current market trend.
You can see the details, by visiting this link.
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