The WSO WRF MTF indicator for MetaTrader 4 is a powerful oscillator based on Widner’s support and resistance values. By plotting multi-timeframe (MTF) data, this indicator helps traders identify precise buy and sell entry points while analyzing the closing price relative to key support and resistance levels. It is suitable for both novice and advanced forex traders and works on all intraday, daily, weekly, and monthly charts.
Multi-timeframe support/resistance values (MTF)
Oscillator shows current price relative to support and resistance
Clear buy and sell signals with confirmation
Works across all MT4 chart timeframes
Suitable for beginners and advanced traders
The green support line touches the lower level of the oscillator, indicating that the price may have exhausted its downward momentum.
Wait for the oscillator to reverse upward to confirm a bullish trend.
Place a buy order with a stop loss below the previous swing low.
Take profit based on a favorable risk/reward ratio.
The red resistance line touches the upper level of the oscillator, suggesting the price has crossed all resistance levels.
Wait for the oscillator to start reversing downward before entering a sell position.
Place a stop loss above the previous swing high.
Take profit with an optimal risk/reward ratio.
Traders can select higher timeframe values from the drop-down menu.
This allows using higher timeframe support/resistance levels to refine entries on lower timeframe charts.
Combining multi-timeframe analysis helps advanced traders execute precise trading strategies.
The WSO WRF MTF indicator for MT4 is an essential tool for traders who rely on support and resistance levels. It provides an oscillator view of price action relative to these levels, giving clear buy and sell signals. Beginners will find it easy to use, while advanced traders can benefit from multi-timeframe values for more sophisticated strategies. The indicator is free to download and can be installed effortlessly on MT4.
Published:
Nov 14, 2025 11:02 AM
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