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S & R Forex Block Indicator For MT5

    The S & R Forex Block indicator for Metatrader is a support and resistance trading system that delivers solid buy/sell trading signals.

    When applied to the price chart, the indicator displays a sequence of yellow blocks.

    To recognize strong bullish and bearish market trends, observe the pattern of S & R blocks:

    • A series of upward-trending S & R blocks signifies a strong bullish market.
    • A series of downward-trending S & R blocks indicates a robust bearish market.

    You can customize various indicator inputs and parameters, such as the period, price, and colors, to align with your specific preferences.

    The S & R Forex Block indicator is compatible with all trading instruments accessible on the MT5 charting platform.

    Download Indicator 🆓

    SR_Cloud.mq5 Indicator (MT5)

    Chart Example

    The picture below shows how the S & R Forex Block indicator looks like when applied to the MT5 chart.

    How To Buy And Sell Currency Pairs With The S & R Forex Block Indicator?

    Find a simple trading strategy below:

    Buy Signal

    • A buy signal is provided when the candle closes above the high of the yellow colored S & R block.
    • Open a long trade and place a stop loss below the yellow colored block.
    • Exit the buy trade for a minimal risk-to-reward ratio of 2.5.
    • Alternatively, await a sell signal before closing the buy position.

    Sell Signal

    • A sell signal is provided when the candle closes below the low of the yellow colored S & R block.
    • Open a short trade and place a stop loss above the yellow colored block.
    • Exit the sell trade for a minimal risk-to-reward ratio of 2.5.
    • Alternatively, await a buy signal before closing the sell position.

    Download Now 🆓

    SR_Cloud.mq5 Indicator (MT5)

    Frequently Asked Questions

    How Do I Install This Custom Indicator On Metatrader 5?

    • Open the MT5 trading platform
    • Click on the File menu button located at the top left part of the platform
    • Click on Open Data Folder > MQL5 folder > Indicators
    • Copy the SR_Cloud.mq5 indicator file in the Indicators folder
    • Close and restart the trading platform
    • You will find the indicator here (Navigator window > Indicators)
    • Drag the indicator to the chart to get started with it!

    How Do I Edit This Indicator?

    • Click on the open chart with your right mouse button
    • To access the indicator list, simply open the dropdown menu and select it
    • Click on properties
    • Now you can edit the inputs, colors, levels, scale, and visualization
    • Finally, click the OK button to save the new configuration
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