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Day Trades Support and Resistance

5

Day Trades Resistance and Support (daytradesSR) is an indicator composed of

1.  The main line (support/resistance line),  which shows

i.   either UP or DOWN trend

ii.  levels of dynamic support or resistance   

2.    A specific range defined by a line for range high and another line for range low.   These lines serve as weak secondary support or resistance.   

3.   When the main line (support/resistance line) is first hit by the price after a detected trend reversal, either an UP ARROW (support) or DOWN ARROW (resistance) sign will appear on the main line.

4.    There is an option for ARROW signs appear on the price as soon as a new trend is detected, i.e. trend reversal.  

Users should examine their trading positions rigorously whenever the abovementioned 3 & 4 happen.

All abovementioned levels can be read from the MT4 Data Window (Ctrl-D).

Input parameters:

-    Trends Detection Sensitivity:  It has options from high to low, which controls the baseline for predicting trend reversals.    In case of lower sensitivity,  a longer baseline is used and the indicator becomes less responsive to price changes. 

-   Short trends filter:  It has options from strong to weak, and defines the threshold of price actions identified as an early sign of trend reversal.  The stronger the filter, the more short trends will be filtered out.  

-   Technical Objective (since version 2.0):  It has 3 options to set the SR level more closely to the price:  General analysis, Trading (General), Trading (Aggression).   

Timeframes:  as short as 1-min timeframe for day trades, and up to 4-hr timeframe for traders looking for long trends.       

Screenshots: EURUSD with default input options for 1-min, 5-min, 15-min, 30-min, 1-hr and 4-hr timeframes (Ver 1.0)  

Day Trades Resistance and Support (daytradesSR) is a professional grade forex indicator with proprietary algorithm. 

Designed for day trades.  Suitable to both traders and analysts. 


Bewertungen 1
Aravind Kolanupaka
8870
Aravind Kolanupaka 2021.02.15 16:21 
 

Useful indicator to confirm trend direction

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5 (2)
Indikatoren
It is the same of Advanced Arrow indicator but shows the signal of 8 currencies pairs at the same time on 5 Timeframes without any TPs line or SL. Features You will know when exactly you should enter the market. This indicator does not repaint it's signals. Signal Types and Timeframes Used You can use this indicator on any timeframes but i recommend you to use it on H1, H4 frames. The indicator gives you four signals (Ready to Buy "RBuy", Ready to Sell "RSell", Buy, Sell). When RBuy appear y
IA Trendx3 PRO
Marco Aurelio Santos Costa
Indikatoren
What if God Created a Trade System? No miracles... Just see how mathematics can be effective in the market. We managed to combine technical analysis / price action into indicators, creating the best setup for trading, be it in Forex, Indices, or stocks. It took us 2 years to create something that really works, and now it's time for you to discover it. TrendX3 is a revolution in trend analysis. Based on advanced algorithms and real-time data, it provides valuable insights so that you can make inf
Miraculous Forex Indicator
Ramzi Abuwarda
Indikatoren
Präsentation des Miraculous Forex Indikators: Entfesseln Sie die Kraft präzisen Tradings Sind Sie es leid, nach dem besten Forex-Indikator zu suchen, der wirklich herausragende Ergebnisse in allen Zeitebenen liefert? Suchen Sie nicht weiter! Der Miraculous Forex Indikator ist da, um Ihre Trading-Erfahrung zu revolutionieren und Ihre Gewinne auf neue Höhen zu bringen. Basierend auf modernster Technologie und jahrelanger sorgfältiger Entwicklung steht der Miraculous Forex Indikator als Höhepunkt v
Wolfe Wave Scanner
Jalitha K Johny
5 (2)
Indikatoren
Wolfe Waves scanner - It scans all the Symbols and identify the movement of price and it gives confidence in trade. It automatically plots  fifth wave breaks out of the channel. According to the theory behind the pattern, a line drawn from the point at the beginning of the first wave and passing through the beginning of the fourth wave predicts a target price for the end of the fifth wave. If a trader properly identifies a Wolfe Wave as it forms, the beginning of the fifth wave represents an op
Fractal Pattern Scanner MT4
Young Ho Seo
5 (2)
Indikatoren
Introduction to Fractal Pattern Scanner Fractal Indicator refers to the technical indicator that makes use of the fractal geometry found in the financial market. Fractal Pattern Scanner is the advanced Fractal Indicator that brings the latest trading technology after the extensive research and development work in the fractal geometry in the financial market. The most important feature in Fractal Pattern Scanner is the ability to measure the turning point probability as well as the trend probabi
Scientific trade
Aleksey Ivanov
5 (1)
Indikatoren
An extremely convenient indicator that truly makes the process of making money on the exchange easy. It is based on the scientifically rigorous theory of the market developed by the author, the beginning of which is presented here .                The full algorithm of this indicator operation is presented in the article .               The indicator calculates the most probable price movement trajectory and displays it on the chart. Based on the predicted price movement trajectory
Transaction Speed
Ivan Stefanov
Indikatoren
Der TRANSACTION SPEED ist der hochwertigste Indikator, der anzeigt, wo und wann sich große Aufträge auf dem Markt ansammeln und welche Vorteile dies mit sich bringt. Er erkennt Trendänderungen in einem sehr frühen Stadium. Er ist gleichzeitig ein Indikator und ein Handelssystem. Das Konzept ist einzigartig und unglaublich profitabel. Im Devisenhandel wird das Tick-Volumen irreführenderweise als Volumen bezeichnet. In Wirklichkeit handelt es sich um die Preisveränderung pro Zeiteinheit, was de
Max Min Cycle
Vitalyi Belyh
Indikatoren
Cyclical indicator for trading and predicting the direction of the market. Shows the cyclical behavior of the price in the form of an oscillator. Gives signals for opening deals when rebounding from the upper and lower boundaries of the oscillator. In the form of a histogram, it shows the smoothed strength of the trend. Will complement any trading strategy, from scalping to intraday. The indicator does not redraw. Suitable for use on all symbols/instruments. Suitable time frames for short-term
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EUR Reversion Pro
Siu Keung Tse
Experten
1. Specifically used on EURUSD 15Min timeframe 2. Default parameter is ready for direct trading 3. A fix Stop Loss/Take Profit of 764 points (76.4pips) for a new position 4. A maximum of 1 additional position is added upon specific condition.   5. Proprietary algorithm is used.  No martingale.   Not a cheating EA using.  However, use on other currency pairs is NOT recommended. 6. The only parameter you need to enter is the lot size for new position. 
Auswahl:
Aravind Kolanupaka
8870
Aravind Kolanupaka 2021.02.15 16:21 
 

Useful indicator to confirm trend direction

Antwort auf eine Rezension
Version 2.0 2021.04.10
Add the option of Technical Objective
Version 1.3 2021.02.19
Following option added: Include volume in trend analysis
If user's broker has problem in providing accurate volume data, set this option for not using it
Version 1.2 2021.02.15
Add the option of hiding the trend change Arrows (default)
Version 1.1 2021.02.13
1. Adding an arrow when an new uptrend or downtrend is once detected