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SAMI SAYDAM RESISTANCE AND SUPPORT INDICATOR

It is the sharp and accurate support and resistance level indicator, it moves them correctly with time and it works perfect on all time frames’ charts and on most of the trading instruments.

It uses the reality points on the top and the real bottom of each candle out of the last 20 candle bars. If the prices go from down to above the red trend line and confirm the full candle at the close above the line, then the indicator will pop up long signal alert which is telling you the current resistance is broken and the prices can go further up. Also if the price candle breaks down one of the lines especially the down line with full confirmed candle at the close, then the pop up window will alert you that the support level is broken now and the prices can go further down and it shows short signal.

The good advantage of this indicator that it gives you the signal early before any big move the prices which can give you time to buy or sell. I have added the Email & Message notifications functions so you can host this indicator with your MT4 on VPS and receive instant trading signals to your MT4 mobile phone and decide to trade while you are in the beach or shopping with your family. Just you need to configure your Metaquote ID in your MT4 options tools.

Note: The signal is popped up right after the closed candle is formed above or below the red trend line, no delays.

You can attach it on all time frames to show you online moving real resistance and support that you can rely on, especially for major time frames like 4 hours, Daily, weekly and Monthly charts. Of course, you can attach the indicator on most of the charts at the same time for the active intraday trading signals up to the minute. The 1 to 15 minutes charts are good signals for scalpers and 30 to 4 hours are good for intraday traders. The 4 hours until monthly charts are good for long term traders (1 day to 30 days period).

The only input for the indicator is PopupAlert=true to show you the pop up window showing the buy or sell signal when the current support or the resistance trend is confirmed broken. If you turn it to false then you will not see the popup window any more.

With my experience on this indicator, as an example, most of the open long trades, the close of this trade when you get the opposite short signal and can be reverse the trade or visa versa but I recommend to take your profits when you are satisfied enough with it. For the common inputs you can click on Allow DLL imports and allow external experts import.

Important Notice: For traders who is using this indicator to trade the signals, you need to place stop loss order at the levels before the broken lines to avoid fake broken supports and resistance. To avoid that, you can add more indicators to support the signal like CCI or RSI indicators. It will be added in my next version EA. (See the attached screen shots).

I will follow up your comments and I will try my best to give answers & support on time as I can.

Thank you

Sami Saydam

info@mubashercafe.com

sami.saydam@gmail.com

The indicator is Copyrighted in 2010 UKC (316009) for Sami Saydam and not allowed to copy or use the methods under any circumstances or in EAs without the owner permeations.

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Michal Jurnik
PipTick Currency Index is a really helpful tool that enables traders to display any index of eight major currencies. The indicator uses the unique calculation formula that reflects actual volume of forex market. Basically, it is a weighted average of currency pairs values which form the crosses of index currency. The default weights are based on the results of the BIS Triennial Central Bank Survey. Because of this advantage, the trader can see the true strength and weakness of each currency. Not
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Netsrac ADR Dashboard
Netsrac ADR Dashboard
Carsten Pflug
The intention of the dashboard is to provide a quick overview of the daily, weekly and monthly range of configured assets. In "single asset mode" the dashboard shows you possible reversal points directly in the chart, thus making statistics directly tradable. If a configured threshold is exceeded, the dashboard can send a screen alert, a notification (to the mobile MT4) or an email.  There are various ways of using this information. One approach is that an asset that has completed nearly 100% of
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InfoPanelMarket
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Chantal Sala
Informational indicator which shows: Swap Price under/upper Open for every Time Frame Spread Time to close the current candle Broker Time Net Change: delta in percentage from Open (MN-W1-D1) Tick Value Volumes Info for every trades open: Lots Breakeven Profit Buy-Profit Sell Equity Symbol Positive values are green and negative values are red (modifiable in input). Inputs: View BE line (enable/disable) View all Symbol (shows the list of symbol) Color (for every text) Line Color (for BE line)
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Yaser Sabbaghi
Advanced and affordable momentum indicator that fade the fake move of market. It is smoothed because of special sophisticated exponential averaging calculation. It is also similar to special type of CCI with more tolerance to overbought or oversold conditions with built-in momentum indication. This indicator is able to empower your trading as a trend detector, CCI and market momentum scale measurement. Features Smoothed to filter uncomfortable noises. Non-Lagging Exponential averaging. Line or
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MarketMeter
MarketMeter
Stanislav Korotky
This is an easy to use indicator based on multitimeframe cluster analysis of specified currencies. It provides simple yet powerful signals for trading and gives numerical measures of signal strength in percentage value. After placing the indicator on a chart, it displays a table with the following structure: all symbols with currently available opportunities to trade are listed in rows, and trading strategies are listed in columns as short-term (hours), mid-term (days), and long-term (weeks) tra
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Pattern Trader No Repaint
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Elmira Memish
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Vladimir Tkach
The cross-correlation indicator calculates the relationship between the specified pairs for the previous period. Automatically selects the instruments with the highest and the lowest correlation, and then simulates trading on the selected pairs on the same test period. Then indicator displays the pairs that have shown the best trading results. Visualizes the PAC (Pairs Arbitrage Correlation) criterion for the pairs selected by the trader. The signal to open trades is set by the PAC levels. When
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Aravind
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Aravind 2016.07.09 17:44 
 

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