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SR levels true mql4

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Published: 27 September 2019

Current version: 1.0

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SR levels true mql4

5

Indicator SR levels true in small time frames is very useful for scalping while in bigger ones it is good for day or position trading.

SR levels true can draw 4 support/resistance levels based on defined maximum rebouds from price level. Indicator scans defined number of bars in time axis and defined number of pips in price axis (both sides - up and down) and calculates how much times price was rejected from scanned price levels. At the price levels where maximum rebounds are counted, support or resistance levels accordingly are drawn.

Important to mention that for the first level the price level diapason (or width) to reject from is 1 pip by default and for the second level it is 10 pips. If the pip value of the equity is very small (for example bitcoin) it is sensible to increase the pip power value from default 1 to 2 or higher. If the pip power value is 2, it means that for the first level the price diapason to reject from is 10 pips and for the second - 100 pips. For more clarity you can see first screenshot.

Also have in the mind that if you set for example 50 pips to scan it means that for the first level indicator scans 50 pips in both directions with step equal 1 pip and for the second level it scans 500 pips with step equal 10 pips.

Sometimes second level lines may occur between first level lines or if there is not enough number of rebounds level is not drawn at all.

Input parameters:

Main settings

Bars to scan - choose number of bars to scan
Pips to scan - choose number of pips to scan for one direction
Rebounds min - enter the number of minimum rebounds to draw the line
Pip power - decimal degree. 1 means 1 pip (10 points), 2 mean 10 pip (100 points) and so on.

Lines settings

Level color - select color from drop down menu
Level width - enter integer number
Level style* - select style from drop down menu

* In mt4 platform line style you can change only for width equal 1.

For rebates go to https://premiumtrading.co/?ref=13525 and choose broker.

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169

Swing Trader 2022.07.08 11:25 #

Simple, yet does the job very well. Thank you

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FZR indicator determines fractal zigzag reversal pattern of all the time frames of the chosen symbol and shows the information in the Info label. Indicator draws the detected pattern in the chosen time frame and also you can select in the menu to draw the trend line according to FZR peaks. What it is FZR? See the first picture in the screenshots. As you can see for every peak of FZR the AO indicator must cross zero line. FZR indicator determines the trend direction. How to use FZR for trading?

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Candle Pattern Alert indicator alerts when the last price closed candle matches the set input parameters. You can choose to scan through all the symbols in Market Watch or enter your favorite symbols and also you can enter time frames you need to scan. --------- Main settings- ------- Select all symbols from Market Watch? - if Yes the program scans through all the symbols displayed in Market Watch, if No - only selected in next input symbols are scanned Enter symbols separated by commas - enter

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Pivot levels is indicator showing 7 pivot levels. It is adjusted for major use, including: all standard time frames choice of periods to show three popular calculation formulas (typical, median, weighted) 9 level Camarilla pivot pivot day shift choice of properties for lines and labels choice of showing alerts when crossing pivot lines Parameters: ----------Main parameters----------- Timeframe - time frame for pivot levels Number of periods to show - displays pivot levels for number of period

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A Swing Failure Pattern ( SFP ) is a trade setup in which big traders hunt stop-losses above a key swing high or below a key swing low for the purpose of generating the liquidity needed to push price in the opposite direction. When price 1) pierces above a key swing high but then 2) closes back below that swing high, we have a potential bearish SFP . Bearish SFPs offer opportunities for short trades. When price 1) dumps below a key swing low but then 2) closes back above that swing low, we have

FZR indicator determines fractal zigzag reversal pattern of all the time frames of the chosen symbol and shows the information in the Info label. Indicator draws the detected pattern in the chosen time frame and also you can select in the menu to draw the trend line according to FZR peaks. What it is FZR? See the first picture in the screenshots. As you can see for every peak of FZR the AO indicator must cross zero line. FZR indicator determines the trend direction. How to use FZR for trading?

Pivot levels indicator shows 7(9 for Camarilla) pivot levels. It is adjusted for major use, including: all standard time frames choice of periods to show four popular calculation formulas (typical, median, weighted and Camarilla) pivot day shift choice of properties for lines and labels choice of showing alerts when crossing pivot lines Parameters: ----------Main parameters----------- Timeframe - time frame for pivot levels Number of periods to show - displays pivot levels for number of perio

Indicator SR levels true in small time frames is very useful for scalping while in bigger ones it is good for day or position trading. SR levels true can draw 4 support/resistance levels based on defined maximum rebouds from price level. Indicator scans defined number of bars in time axis and defined number of pips in price axis (both sides - up and down) and calculates how much times price was rejected from scanned price levels. At the price levels where maximum rebounds are counted, support

Candle Pattern Alert indicator alerts when the last price closed candle matches the set input parameters. You can choose to scan through all the symbols in Market Watch or enter your favorite symbols and also you can enter time frames you need to scan. ---------Main settings-------- Select all symbols from Market Watch? - if Yes the program scans through all the symbols displayed in Market Watch, if No - only selected in next input symbols are scanned Enter symbols separated by commas - enter s

A Swing Failure Pattern ( SFP ) is a trade setup in which big traders hunt stop-losses above a key swing high or below a key swing low for the purpose of generating the liquidity needed to push price in the opposite direction. When price 1) pierces above a key swing high but then 2) closes back below that swing high, we have a potential bearish SFP . Bearish SFPs offer opportunities for short trades. When price 1) dumps below a key swing low but then 2) closes back above that swing low, we have

Indicator Constant TF Moving Average basically is the same Moving Average indicator, but differently it always shows the price values of chosen time frame. Also, number of periods to show can be selected. Indicators purpose is to use it as support and resistance level in smaller time frames than selected in Input menu. How it looks like you can see in screenshots and video. ---------Main settings-------- Timeframe - choose time frame from dropdown menu Number of periods to show - enter the integ

Impulse Fibo indicator is used to determine price levels after some price impulse occurs. How to use it you can see in screenshots and video. In the indicator setup you can fix two different setups for two different patterns. For drawing convenience also two different rectangles can be easy put on the screen to draw support/resistance levels. . Inputs Draw pattern 1 Line color - choose color from dropdown menu Line style - choose style from dropdown menu Line width - enter integer number 1,2

Pinbar Outside Pattern indicator shows in a table symbol, time frame and direction of the last price candle if it matches outside pinbar input parameters. Outside pinbar means that the candle is extreme in the chosen time frame. By clicking ' Open chart ' button you can view drawn pattern. You can choose to scan through all the symbols in Market Watch or enter your favorite symbols, and also you can enter time frames you need to scan. ---------Main settings-------- Select all symbols from Market

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169

Swing Trader 2022.07.08 11:25 #

Simple, yet does the job very well. Thank you

2911

Makarios Yacoubian 2021.12.30 11:10 #

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