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Home Collection Support & Resistance Givonly SnR SnD R2
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Givonly SnR SnD R2

Identify key support, resistance, and profitable trade moments with Givonly SnR SnD R2 indicator for MT4. Indicator is easy to use and can be used by both beginner and experienced traders alike.

Trading Style

Day Trading, Swing

Indicator Type

Breakout, Reversal

Timeframe

D1-W1, H1-H4

Platform

MT4

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Category: Support & Resistance
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Description

The Givonly SnR SnD R2 indicator for MT4 draws support and resistance lines on the current chart at hourly, daily, and weekly intervals. As a result, the indicator assists forex traders in identifying higher time frame support and resistance levels in lower time frame charts.

Furthermore, the indicator assists the trader in identifying supply and demand locations. Because supply and demand zones are the finest reversal moments, they offer highly profitable trades with lesser risk. Support and Resistance and Supply and Demand are called Givonly SnR SnD R2.

Features Of The Indicator

Here are some of the features of the Givonly SnR SnD r2 indicator for mt4:

  • The indicator plots hourly, daily, and weekly support and resistance levels on the chart that it is currently.
  • The indicator identifies supply and demand areas.
  • It is a non-repainting indicator;
  • You can use the indicator on all currency pairs and time frames.
  • The indicator has multiple settings that you can customize.

Buy And Sell Entry

For the buy entry, wait for the price to reach a support level. Place a stop loss slightly below the previous swing low. You should place the take profit on the next resistance.

For the sell entry, wait for the price to reach a resistance level. Place a stop loss slightly above the previous swing high. You should place the take profit on the next support.

The Givonly SnR SnD r2 indicator for mt4 is an excellent tool for showing support and resistance levels on a chart. These levels can act as trade entry points. You should incorporate this indicator with others when trading for better results.

 

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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