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ReSu mt5

The Wamek Support and Resistant (WSR) Indicator is a remarkable tool that stands out in the world of technical analysis. It sets itself apart by cleverly combining price action and leading indicators to delineate support and resistance levels with a high degree of accuracy. Its unique feature is its adaptability; users can fine-tune the indicator by adjusting input parameters, enabling them to create customized support and resistance levels that suit their trading strategies. Notably, one of WSR's most attractive qualities is its non-repainting nature, meaning once it identifies a level as support or resistance, it maintains that classification.

To consider a price level as either support or resistance in real-time, WSR recommends waiting for a minimum of four price points to form around that level. This prudent approach ensures that the support or resistance is more robust and less prone to false signals. When such a level has been established, traders are advised to be patient and wait for price action to retest it.

The WSR Indicator's present offering is even more enticing, as it currently enjoys a substantial 40% discount. This limited-time opportunity invites traders to seize the advantage of this cutting-edge indicator at a reduced cost. Now is the opportune moment to leverage the distinct capabilities of the WSR Indicator and elevate your trading endeavors to new heights.

 

Now, let's delve deeper into how the Wamek Support and Resistant Indicator can significantly enhance your trading experience:

Reliability at its Core:

WSR instills confidence in traders by providing dependable support and resistance levels. The algorithm's ability to analyze both historical data and current price action enables it to generate levels that are more likely to hold up in the face of market volatility. This reliability is invaluable to traders looking to make informed decisions in a constantly changing market environment. It eliminates the need for guesswork and minimizes the risks associated with trading blind.

Tailored to Your Strategy:

What truly sets WSR apart is its adaptability. By adjusting the input parameters, traders can fine-tune the indicator to align with their specific trading strategies. Whether you're a day trader looking for short-term support and resistance levels or a swing trader with a longer time horizon, WSR can be customized to cater to your unique needs. This versatility empowers traders to refine their strategies and make more informed decisions.

To cater to individual preferences, the WSR Indicator extends the privilege of altering color codes. This customization feature allows traders to align the indicator's visual representation with their personal aesthetics and preferences, fostering a more immersive and user-friendly experience.

Across Various Markets:

WSR's capabilities are not limited to a specific asset class. It is equally effective when applied to currencies, commodities, stocks, and cryptocurrencies. This versatility ensures that traders can utilize WSR across a wide range of financial markets, making it a valuable tool for those with diverse investment portfolios. Whether you're trading the highly liquid forex market or the volatile world of cryptocurrencies, WSR can help you identify key support and resistance levels to inform your trading decisions.

 

 

Default Setting:

The default setting of WSR's input parameter is RSperiod=7. This setting can serve as a good starting point for many traders, providing a balanced approach to identifying support and resistance levels. However, it's essential to remember that customization is the key to unlocking the full potential of this indicator. Traders should experiment with different input values to fine-tune WSR to their specific trading goals and timeframes.


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This indicator can be used to display Support and Resistance levels according to  the  Malaysian SNR concept , in which Support and Resistance are exact levels of a line chart. Malaysian SNR There are 3 different horizontal levels in Malaysian SNR: A-Level : This level is located at the peak of this line chart. (shape looks like the letter A) V-Level : Level at the valley of a line chart, (shape looks like the letter V) Gap-Leve l: This level is located at the Close/Open gap between two cand
VIP Buy Sell Signals
Hapu Arachchilage Tharindu Lakmal
Here is a Live DEMO testing account for the indicator. ( Profit proofs ) Login (MT5) - 100246 Server - FusionMarkets-Demo Investor PW - VIPindicator@2024 Click bellow link to download the FREE strategy PDF for this indicator   (Google Drive) Download Strategy Introduction   The   "Buy Sell Signals"   is designed to provide BUY and SELL trade signals based on the current market conditions.   A   Profitable   Trading Strategy   (Chee sheet)   is provided for this trading indicator.   (Read the
Good day! I present to you a trading technical indicator for Deriv broker synthetic indices. This indicator ONLY works with the following indices: Boom 300 Index Boom 500 Index Boom 1000 Index Crash 300 Index Crash 500 Index Crash 1000 Index The indicator was created to give signals to open medium-term trades in the direction of Spikes. But you can open trades in the opposite direction to Spikes, at your own risk. Trade only on M1. Other TFs do not guarantee the correct operation of the indic
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Version 2.0 2023.11.18

We are excited to announce the release of update version 2.00 for our trading indicator. This update brings significant improvements to enhance your trading experience.

Key highlights of version 2.00:

1. Improved Candlestick Representation: We have corrected the single points form on each candle, providing a more accurate and refined visualization. This enhancement ensures that the indicator precisely captures the market movements, offering you a clearer perspective on price action.

2. Enhanced Support and Resistance Area Development: Our team has worked diligently to optimize the development of support and resistance areas. Now, when the conditions for support or resistance occur, the indicator intelligently adapts, providing you with a more comprehensive understanding of the instrument it is attached to. This feature empowers traders by offering valuable insights into key market levels.

3. Bug Fixes: In addition to the substantial improvements mentioned above, version 2.00 includes fixes for minor errors in the code. These corrections contribute to the overall stability and reliability of the indicator, ensuring a smoother and more accurate analysis of market dynamics.

We believe that these updates will significantly elevate the performance and functionality of our trading indicator. Your feedback has been invaluable in shaping these improvements, and we are committed to continually enhancing our product to meet your evolving needs.

Thank you for choosing our indicator for your trading journey. We look forward to your continued success.