Each support line shows as a buying opportunity while each resistance line shows selling opportunity. For example, if price is around S1, buy the stock/currency and place the stop around S2 while your takeprofit should be pivot point or R1 depending upon volatility of market.
Similarly if price is around R2, sell the stock/currency and place stop at R3 while takeprofit at R1.
MT4 Indicator | Perfect Exit/Entry
The mt4 indicator is based on support, resistance and pivot and it gives nice and clean tradesignal