KT Support and Resistance Indicator
MT4 | MT5

When launched on the chart, KT Support and Resistance indicator immediately scan the most significant extreme points across all the available timeframes and saves them for further analysis.

A special algorithm then populates and iterates the stored extreme points for final selection.
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KT Support and Resistance indicator plot four types of support/resistance levels

• Super Strong Levels: These levels are the most substantial levels among all. Price is very likely to respect "Super Strong Levels" and often bounce back after testing them.
• Strong Levels: These are also substantial levels and price often respect them but not as much as their predecessor. If price breaks them with a significant margin, you can expect a continuation in the same direction.
• Moderate Levels: If you are a day trader, you should keep an eye on these levels. Immediate trade entries around these levels should be avoided to prevent unnecessary losses.
• Short-Term Levels: These are comparatively weaker levels plotted using a singular time frame analysis. If you are a day trader or scalper, you may use these levels to decide a stop loss and profit target.
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Applications of KT Support and Resistance indicator

• Filter out bad trades by avoiding trade entries around a significant support/resistance level.
• Automatically draw significant support and resistance levels using an advanced methodology and saves a ton of time every day.
• Prevent stop hunting by institutional traders by placing the stop loss before or after a support/resistance level.
• Include a multi-timeframe approach in your technical analysis without ever switching to a different time frame.

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