Support and Resistance TLB OC v02 Source Code

Support and Resistance TLB OC v02 Indicator (MQ4) – The Ultimate Trading Tool

The Support and Resistance TLB OC v02 Indicator (MQ4) is a powerful MetaTrader 4 tool that automatically identifies key price levels on your charts. This advanced indicator helps traders spot crucial market structure points with unmatched accuracy.

Key Features:

 Automatic Level Detection – Identifies support/resistance without manual drawing
 Customizable Settings – Adjust sensitivity to match your trading style
 MQ4 Source Code – Full customization capability for expert traders
 Multi-Timeframe Compatibility – Works on all charts from M1 to Monthly
 Clean Visuals – Clear, non-cluttered display of critical levels

Why This Indicator Stands Out

• Filter out false levels
• Highlight only the most significant price zones
• Adapt to changing market conditions
• Provide objective level identification

Perfect For:

• Price Action Traders – Confirm your setups with reliable levels
• Swing Traders – Find optimal entry/exit points
• Algorithmic Traders – Build automated strategies using the MQ4 code
• All Market Conditions – Works equally well in trends and ranges

How It Works

 Support Levels – Where buying pressure typically emerges
 Resistance Levels – Where selling pressure usually appears

Trading Strategies

1. Bounce Trading – Enter at support/resistance with confirmation
2. Breakout Trading – Trade breaks of key levels with volume
3. Confluence Trading – Combine with other indicators for high-probability setups

Technical Specifications

• Platform: MetaTrader 4
• File Type: MQ4 (Editable Source Code)
• Installation: Simple drag-and-drop
• Updates: Regular improvements available