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Malaysian SNR Levels

149 USD

Demo indirildi: 71

Yayınlandı: 7 Nisan 2024

Mevcut sürüm: 1.2

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Malaysian SNR Levels

Göstergeler
Matthias Horst Pieroth
Sürüm: 1.2
Güncellendi: 1 Mayıs 2024
Etkinleştirmeler: 10

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-Level: This level is located at the Close/Open gap between two candles of the same color.

Levels can be of state fresh (Untested) or unfresh (Tested). A level is designated as fresh if it has not been touched by a wick, it can become fresh again if it is crossed by the body of a candle. If it is then touched by a wick again afterwards, it is considered unfresh again.

If a level is fresh, the theory of Malaysian SnR assumes that there is a greater probability that the price will react at that level and move in the opposite direction because this fresh Support / Resistance level is more significant than an unfresh level.

The indicator is calculating this state and displays the levels then in a different way: Fresh levels are displayed as solid lines, unfresh levels are displayed as dashed lines. It is also possible to hide unfresh levels, so that only the fresh levels are visible in the chart.

Parameters of the indicator

Level Color (color): Line color of the levels
Display fresh levels only (bool): Should unfresh levels be hidden in the chart
Number of Bars Lookback (integer): Number of bars lookback period at which levels will be added to the chart
Levels Above Price (interger): Number of levels that should be displayed above the price. It will be the closest levels to the price that can be found.
Levels Below Price (integer): Number of levels that should be displayed below the price. It will be the closest levels to the price that can be found.
Timeframe: Timeframe for which the levels will be calculated.

How to trade with SNR Levels

With the indicator it is possible to display SNR levels of a HTF (higher timeframe) on a LTF (lower timeframe) chart. A common strategy is to trade HTF levels on a LTF chart. This means that you can wait (or set an alert) that price reaches a HTF level (for example a Daily or Weekly SNR level) and then enter the trade on a LTF (for example 5 min) when a bullish or bearish structure has established on this timeframe.

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note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link: https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.4 TRENDMAESTRO recognizes a new TREND in the bud, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these data a

397 USD

Elliot Waves Analyzer Pro calculates Elliot Waves to Help Identify Trend direction and Entry Levels. Mainly for Swing Trading Strategies. Usually one would open a Position in trend direction for Wave 3 or a Correction for Wave C . This Indicator draws Target Levels for the current and next wave. Most important Rules for Elliot Wave Analysis are verified by the Indicator. The Pro version analyzes Multiple Timeframes and shows the Subwaves and Target-Levels. For an Overview " Elliot Waves Anal

220 USD

Contact me through this email aaddress to download the FREE strategy PDF for this indicator tharindu999lakmal@gmail.com Introduction The "Buy Sell Signals" is designed to provide BUY and SELL trade signals based on the current market conditions. A Trading Strategy (Chee sheet) has been provided for this trading indicator. (Read the description). This indicator has time tuned e ntry signals . so, you will enter the market at the very best price level with this indicator .

250 USD

Micro ******************* Секундные графики MT5 ********************** Более точного инструмента для входа в сделку вы не найдёте. Входные параметры: Timeframe, sek - период построения графика, секунды Displayed bars - отображаемые бары Step of price levels, pp, 0-off - шаг отрисовки ценовых уровней, пункты Scale points per bar, 0-off - масштаб в пунктах на бар Show lines - отображение текущих уровней Show comment - отображение комментария Standard color scheme - стандартная цветовая сх

300 USD

Rental/Lifetime Package Options and Privileges Rent Monthly Six Months Yearly/Lifetime Weis Wave with Speed with Alert+Speed Index x x x Manual x x x Quick Set up Video x x x Blog x x x Lifetime Updates x x x Setup and Training Material x x Discord Access Channel "The SI traders" x Rectangle Break Alert Tool x How to trade with it: http://www.tradethevolumewaves.com ** If you purchase please contact me to setup your : Two hour webinar and training Room and complet

249 USD

With this indicator TheStrat bar numbers can be displayed above and below candles of the chart. The numbers have the following meaning: 1 = Inside Bar 2 = Directional Bar 3 = Outside Bar. In TheStrat-method there are Actionable and In-Force patterns / combos to define entries for trades. These patterns are also displayed by the indicator. Here are the settings that can be configured: Number of lookbar bars : For how many candles in the past numbers are dislayed Color of inside bar : The color o

59.99 USD

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Sürüm 1.2 2024.05.01

Multiple instances of the indicator with different Timeframes can now be attached to the chart

Sürüm 1.1 2024.04.07

Description added