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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. 


Comentários 1
Aravind Kolanupaka
8860
Aravind Kolanupaka 2021.02.15 16:21 
 

Useful indicator to confirm trend direction

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Apresentamos o Indicador Milagroso de Forex: Desencadeie o Poder da Negociação Precisa Você está cansado de procurar o melhor indicador de Forex que realmente ofereça resultados excepcionais em todos os períodos de tempo? Não procure mais! O Indicador Milagroso de Forex chegou para revolucionar sua experiência de negociação e impulsionar seus lucros a novas alturas. Construído com base em tecnologia de ponta e anos de desenvolvimento meticuloso, o Indicador Milagroso de Forex se destaca como o á
IA Trendx3 PRO
Marco Aurelio Santos Costa
Indicadores
E se Deus criasse um Trade System? Sem milagres... Veja apenas como a matemática pode ser efetiva no mercado Conseguimos juntar a analise técnica / price action em indicadores, criamos o melhor setup para operar, seja ele em Forex, Índice, ou ações, demoramos 2 anos para criar algo que realmente funciona, e agora chegou a hora de você conhecer O TrendX3 é uma revolução na análise de tendências. Com base em algoritmos avançados e dados em tempo real, ele fornece insights valiosos para que voc
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The Anh Pham
5 (1)
Indicadores
Welcome to the world of SMC (Smart Money Concepts) Trading, where we empower traders with the tools and knowledge to make smarter trading decisions. Our latest addition to our suite of trading tools is the SMC Trading Pro indicator, version 1.0. Key Features: Major Market Structure Identification with BODY break. Order Block must be in Major Swing ( not Small Swing ). Order Block with Fair Value Gap Detection. Order Block in Discount | Premium zone. Filter for only Bullish, Bearish or All Order
Scientific trade
Aleksey Ivanov
5 (1)
Indicadores
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
Max Min Cycle
Vitalyi Belyh
Indicadores
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
Volume by Price MT4
Brian Collard
4.71 (14)
Indicadores
The Volume by Price Indicator for MetaTrader 4 features Volume Profile and Market Profile TPO (Time Price Opportunity). Volume and TPO histogram bar and line charts. Volume Footprint charts. TPO letter and block marker collapsed and split structure charts. Session filtering and grouping. Static, dynamic and flexible range segmentation and compositing methods with relative and absolute visualizations. Graphical layering, positioning and styling options to suit the user's analytic and aesthetic n
POWR Rise Coming
Trade Indicators LLC
Indicadores
This indicator is SO SIMPLE… when the green Rise Coming arrow appears, a price drop may be on the way! Plain and easy profits! As you receive more than one 'Rise Coming' text signal in a downtrend, it means momentum is building larger for a bull run. HOW TO USE 1. When the green "Rise Coming" text appears, a price jump may be on the way! This indicator Never Repaints! To get the best setting it's a matter of tweaking the indicator until it gives you the best results. Our recommendation, and what
Smart Ai Levels
Aditya Jayswal
Indicadores
Smart Ai Levels  Accumulation & Distribution indicator Smart Ai Levels are Ai controlled indicator which is based on Wyckoff Price cycle theory . It automatically scans the Accumulation & Distribution phases on chart and Ai draws the possible areas before Mark up and Mark down which acts as hot zones and can be traded with confirmation to catch those big price movements . It's a great tool for both Reversal and Breakout Trades suitable to all Trading Styles such as Scalping - Intraday - Swing 
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Elias Mtwenge
Indicadores
WARNING: PRICE IS SUBJECT TO RISE AT ANY TIME. GET YOUR COPY TODAY TO AVOID MORE COST! Dear Traders I am so glad to introduce to you my other tool called the Forex Sniper Entries Indicator. This tool is designed to help serious traders and investors capture big moves in the currency price movements. The philosophy behind this tool is all about winning big and riding the price movement from its beginning until the maximum point. We want to capture those big moves in both down and up markets as mu
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EUR Reversion Pro
Siu Keung Tse
Experts
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. 
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Aravind Kolanupaka
8860
Aravind Kolanupaka 2021.02.15 16:21 
 

Useful indicator to confirm trend direction

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