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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. 


Comentarios 1
Aravind Kolanupaka
8895
Aravind Kolanupaka 2021.02.15 16:21 
 

Useful indicator to confirm trend direction

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Indicador único que implementa un enfoque profesional y cuantitativo para el comercio de reversión a la media. Aprovecha el hecho de que el precio se desvía y vuelve a la media de manera predecible y medible, lo que permite reglas claras de entrada y salida que superan ampliamente las estrategias comerciales no cuantitativas. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Señales comerciales claras Sorprendentemente fácil de operar Colores y tamaños personalizable
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Indicadores
Indicatorul MOTANO Bună ziua! 24 de ore - REDUCERE PREȚ! Profita! Tocmai am terminat indicatorul MOTANO după multă muncă. Este un indicator de săgeată. Merge perfect pe M15, aproape orice pereche. Săgețile indică intrările de cumpărare și vânzare, iar o țintă de profit de 5,10 sâmburi asigură un profit sigur. Un profit și mai mare poate fi stabilit, în funcție de situație. Dar cuvintele sunt de prisos. Testați-l și trageți propriile concluzii. Notă Este posibil ca acești ind
Miraculous Forex Indicator
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Indicadores
Presentamos el Indicador Milagroso de Forex: Desata el Poder del Trading Preciso ¿Estás cansado de buscar el mejor indicador de Forex que realmente ofrezca resultados excepcionales en todos los marcos temporales? ¡No busques más! Ha llegado el Indicador Milagroso de Forex para revolucionar tu experiencia de trading y llevar tus ganancias a nuevas alturas. Construido sobre una base de tecnología de vanguardia y años de desarrollo meticuloso, el Indicador Milagroso de Forex se erige como el pinácu
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Indicadores
¡Actualmente 20% OFF ! Este tablero de instrumentos es una pieza muy poderosa de software de trabajo en múltiples símbolos y hasta 9 marcos de tiempo. Se basa en nuestro indicador principal (Mejores críticas: Advanced Supply Demand ).  El tablero de instrumentos da una gran visión general. Se muestra:  Valores filtrados de Oferta y Demanda, incluyendo la calificación de fuerza de la zona, Pips distancias a / y dentro de las zonas, Destaca las zonas anidadas, Da 4 tipos de alertas para los s
SMCpro VIP
Arief
Indicadores
Currently Price 20% OFF ( for unlimited use )   BONUS  AUX VIP Club 2024 : Include  EA Airbag  and  Load Data History  to enhance the performance of this tool to its maximum potential  Click Here to Download Files   ( for users only )   Hello World! Introducing.. SMCpro VIP tool and Indicator for MetaTrader 4, designed to revolutionize your trading experience with the ICT Smart Money Concept. This system is meticulously crafted to empower traders with advanced insights and precision in
Max Paynex
Abdulkarim Karazon
Indicadores
Max Payne es un indicador de señal de reversión/tendencia que proporciona señales en forma de flecha, este indicador da su señal al cerrar la misma barra, este indicador puede aparecer varias veces en el gráfico con diferentes períodos para obtener confirmación doble/triple de las señales. El indicador es altamente ajustable para adaptarse a cualquier estilo comercial y nunca se repinta ni se vuelve a pintar. Obtendrá el sistema completo en capturas de pantalla después de la compra junto con la
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EUR Reversion Pro
Siu Keung Tse
Asesores Expertos
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. 
Filtro:
Aravind Kolanupaka
8895
Aravind Kolanupaka 2021.02.15 16:21 
 

Useful indicator to confirm trend direction

Respuesta al comentario
Versión 2.0 2021.04.10
Add the option of Technical Objective
Versión 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
Versión 1.2 2021.02.15
Add the option of hiding the trend change Arrows (default)
Versión 1.1 2021.02.13
1. Adding an arrow when an new uptrend or downtrend is once detected