Sunday Open Eng

Russian version https://www.mql5.com/ru/market/product/148571?source=Site+Profile+Seller

This guide is designed to help beginner traders understand how the "Sunday Open " indicator works and is configured, as well as how to properly interpret its signals for making informed trading decisions.

Part 1: What is the Sunday Open Indicator and How to Use It?

Core Concept

The indicator is based on a simple but powerful concept: the weekly opening price is a key support and resistance level.

Imagine that at the beginning of the week (Sunday evening or Monday morning, depending on your broker), the price of an asset, for example, gold (XAUUSD), opens at $3300. This price, "Sunday Open" (SO), becomes the reference point. Throughout the week, major players — banks, funds, market makers — will orient themselves around this level.

If the price moves above the SO level and stays there, it indicates buyer strength. The week will likely be "bullish" (rising).

If the price drops below the SO level and consolidates under it, it indicates seller strength. The week will probably be "bearish" (falling).

If the price oscillates around the SO level, it indicates market uncertainty or sideways movement ("flat").

The indicator automatically finds these levels for the past several weeks, plots them on the chart, and analyzes how price behaved relative to them. This gives you a clear picture of market sentiment and helps forecast movement for the current week.

How to Properly Apply the Indicator?

1. Determine the Main Trend. The indicator is your assistant, not a "holy grail." Always look at the big picture. If the global trend on the daily chart (D1) is rising, then buy signals from the SO level (for example, a bounce from below) will be more reliable.

2. Use SO levels as entry zones. Don't enter a trade the moment price simply touches the line. Wait for confirmation:

  • Bounce: Price touches the level and begins moving in the opposite direction.
  • Breakout and Retest: Price breaks the level, then returns to it to "test" it from the other side, and only after that continues the movement. This is one of the strongest signals.
  • False Breakout: Price breaks the level but quickly returns back. This signals that the "breakout" was a trap, and price will likely go in the opposite direction.

3. Combine with Other Tools. Use the indicator together with other analysis methods: candlestick patterns (pin bars, engulfing), other levels (previous day's highs/lows), or oscillators (RSI, Stochastic) to confirm signals.

4. Pay Attention to Statistics. The indicator shows how many previous weeks were bullish versus bearish. If 4 out of the last 5 weeks were bullish, this indicates strong upward pressure.

Part 2: Detailed Breakdown of Indicator Settings

Below is a "plain English" explanation of each setting so you can adapt the indicator to your trading style and any financial instrument.

General Settings

MaxSundays = 5

  • What it means: Number of historical Sunday Open levels that will be displayed on the chart. A value of "5" means you'll see the current week's level and four previous ones.
  • Why it's needed: Old levels can also act as support or resistance. Price "remembers" these marks. Analyzing several weeks gives you a more complete picture of key price zones.
  • How to use:
    • For EURUSD: 5 is optimal. The market isn't as volatile, and 4-5 weeks provide sufficient context.
    • For XAUUSD (gold): You can keep 5, but if you're day trading on lower timeframes (M15-H1), you can reduce to 3-4 to avoid chart clutter. Gold is more "trending," and the most relevant levels are those from the last 2-3 weeks.

Visual Settings

LineStyle = DOT (Line Style)

  • What it means: Determines how the level line will look on the chart: solid (SOLID), dashed (DASH), dotted (DOT), etc.
  • Why it's needed: Purely for your visual convenience.
  • How to use: Choose the style you prefer that doesn't interfere with chart analysis. Dotted (DOT) or dashed (DASH) lines are often preferred as they don't clutter the chart as much as solid lines.

LineWidth = 1 (Line Width)

  • What it means: Line thickness in pixels.
  • Why it's needed: Allows making important levels more noticeable.
  • How to use: If you want to highlight the freshest SO level, you can manually change it on the chart, making it thicker. For standard display, "1" or "2" is sufficient.

ShowLabel = true (Show Labels)

  • What it means: A text label with the week's opening date and level price will be displayed next to each line.
  • Why it's needed: You won't need to hover over the line to know its exact value and date. Very convenient for quick analysis.
  • How to use: Recommended to always keep enabled (true).

ShowDirection = true (Show Direction Analysis)

  • What it means: Enables display of the previous week's direction (whether it was bullish or bearish) directly on the line label and in the information window.
  • Why it's needed: Allows instant assessment of how the previous week closed relative to its opening, providing hints about current market sentiment.
  • How to use: Definitely true. This is one of the key analytical functions.

ShowStatistics = true (Show Statistics)

  • What it means: A statistics block will be displayed in the chart corner showing: how many weeks were bullish, bearish, neutral, and overall strategy "effectiveness" (percentage of weeks that closed in trend).
  • Why it's needed: Provides understanding of overall market context. If 80% of recent weeks were bullish, it's a clear sign of strong upward trend.
  • How to use: Recommended true for strategic analysis.

ShowPrediction = true (Show Current Week Prediction)

  • What it means: Enables display of the current week's forecast based on its current position relative to Sunday Open, as well as considering trend and volume filters.
  • Why it's needed: This is your "operational summary." The indicator analyzes the current situation and provides hints, for example: "BULLISH TREND, Reliability: HIGH (Trend+Volume)".
  • How to use: Definitely true. This is dynamic real-time situation assessment.

UseMondayOpen = true (Use Monday Opening)

  • What it means: Some brokers open trading on Sunday, but liquidity at this time is very low, which can lead to false "gaps" (price jumps). This setting allows considering the full trading session opening on Monday as the reference point, not Sunday opening.
  • Why it's needed: To get a cleaner and more representative weekly opening level that isn't distorted by low liquidity.
  • How to use: In 99% of cases, recommended to set true. This increases level accuracy.

Adaptive Settings

These parameters are automatically adjusted by the indicator, but understanding their essence is important.

MinBreakoutPips = 15 (Minimum Pips for Breakout)

  • What it means: Minimum distance in pips that price must move from the SO level for it to be considered the beginning of a trend (bullish or bearish). If price moved less, the week is considered "neutral."
  • Why it's needed: To filter market "noise." Fluctuations of a few pips aren't significant.
  • How it works: The indicator automatically selects this value based on instrument volatility. For EURUSD it might be 10-15 pips, and for XAUUSD gold — 150-200 pips (15-20 pips).

StrongSignalPips = 30 (Pips for Strong Signal)

  • What it means: Distance in pips from the SO level that indicates strong and confident movement.
  • Why it's needed: To distinguish ordinary trend movement from powerful impulse.
  • How it works: Also automatically adjusted. If for gold MinBreakoutPips equals 150 pips, then StrongSignalPips might be 300-400. This helps in forecasting signal reliability.

Filters

Use_D1_Trend_Filter = true (Use D1 Trend Filter)

  • What it means: The indicator will analyze the global trend direction on the daily chart (D1) using a moving average (MA). Signals coinciding with this trend will be considered more reliable.
  • Why it's needed: This is one of the most important filters. Trading with the trend is always safer. If the D1 trend is bullish, then a buy signal from the SO level has much better chances of success.
  • How to use: Strongly recommended true. D1_MA_Period (MA period) and D1_MA_Method (MA method) can be left at default (50, EMA) — these are classic trend determination settings.

Use_Volume_Filter = true (Use Volume Filter)

  • What it means: The indicator analyzes trading volume. A level breakout confirmed by a volume spike is considered more genuine and strong.
  • Why it's needed: Volume is "fuel" for price. If price breaks an important level but trading volumes are low, it might be a trap. Abnormally high volume confirms major player interest.
  • How to use: Definitely true. Settings Volume_MA_Period (period for average volume calculation) and Volume_StdDev_Ratio (deviation coefficient for "spike" detection) are better left at default.

Alert System 

EnableAlerts = true (Enable Alerts)

  • What it means: Activates sound and text notification system.
  • Why it's needed: So you don't miss important trading signals even when away from the monitor.
  • How to use: true if you actively trade using the indicator.

Alert_Cooldown_Bars = 3

  • What it means: After the indicator issues a similar signal (for example, "touch"), it will "be silent" for 3 bars (candles) and won't repeat the same signal.
  • Why it's needed: On volatile instruments like XAUUSD, price can "saw" the level for a long time, causing a barrage of identical notifications. This setting protects from spam.
  • How to use:
    • For XAUUSD: Can set higher (for example, 5-10 bars on H1) as price often moves in jerks.
    • For EURUSD: 3-5 bars is usually sufficient.

Max_Consecutive_Touches = 5 (Maximum Consecutive Touches)

  • What it means: If price touches the level 5 times in a row without clear breakout or bounce, the indicator will stop sending "touch" alerts for this level to avoid spam during flat periods.
  • Why it's needed: Protects from annoying signals when the market is in sideways movement and price "sticks" to the level.
  • How to use: Value 5 is balanced. Don't decrease it, can increase to 7-8 if your instrument tends to long-term level "trading."

Retest_Tolerance_Pips = 2.0 (Retest Tolerance in Pips)

  • What it means: Price doesn't always return to the level pip by pip during retest. This setting creates a small "zone" around the level (in this case, 2 pips) for retest detection.
  • Why it's needed: To not miss a good retest signal just because price didn't reach the level by 1-2 pips.
  • How to use: 2-3 pips is optimal for most currency pairs. For gold, can increase to 5-10 pips.

Alert_On_Momentum = true (Consider Movement Strength)

  • What it means: Enables analysis of the "strength" of the candle on which the breakout occurred. A breakout made by a large, confident candle will have higher priority than a breakout by a small, indecisive candle.
  • Why it's needed: To filter weak, uncertain breakouts that often turn out to be false.
  • How to use: Definitely true. This significantly improves breakout signal quality.

EnablePushNotifications = true (Enable Push Notifications)

  • What it means: If you've configured MetaTrader on your smartphone, the indicator will send notifications directly to your phone.
  • Why it's needed: To stay informed of events even when far from the computer.
  • How to use: true if you use the mobile application.

AlertOnOldLevels = false (Alerts on Old Levels)

  • What it means: By default, notifications come only when interacting with the current week's level. If set to true, alerts will come for old levels too.
  • Why it's needed: Allows focusing on the most current level or, conversely, tracking the entire grid of key levels.
  • How to use:
    • For beginners: false to avoid confusion.
    • For experienced traders: true if you use old levels in your strategy.

Sound and Color Settings (Sound_Touch, BullishColor, etc.)

  • What it means: These parameters allow you to configure sound signals for different events (touch, breakout, bounce) and colors for bullish, bearish, and neutral weeks.
  • Why it's needed: For personalization. You can set different sounds for different events to audibly determine what happened in the market. Color indication helps quickly assess the visual picture.
  • How to use: Configure to your taste. Recommended to set a more "alarming" sound for breakout (news.wav) and calmer for touch (alert.wav).

Part 3: How to Read and Understand Indicator Alerts

Let's examine a real alert example and break it down part by part.

Alert Example:

2025.08.25 21:28:35.324 Sunday_Open XAUUSD,H4: Alert: FALSE BREAKOUT: XAUUSD bounced from level below [Strength: 0.3] from 2025.08.25 Level price: $3369.87 > Matches D1 trend!

Part-by-Part Breakdown:

FALSE BREAKOUT: XAUUSD bounced from level below

  • What it means: The strongest signal after retest occurred. Gold price (XAUUSD) first broke the Sunday Open level ($3369.87) from top to bottom but couldn't consolidate and quickly returned back up. "Bounced from level below" means price tried to break the level downward but was "bought up" and bounced upward.
  • How to interpret: This is a strong bullish signal. Sellers' attempt to "push" price down failed. The upward movement will likely continue. This is an excellent opportunity to consider buying.

[Strength: 0.3]

  • What it means: This is a "movement strength" indicator calculated as the ratio of candle body size to average volatility (ATR).
    • Strength < 0.5: Weak, uncertain movement
    • Strength 0.5 - 1.2: Normal, healthy movement
    • Strength > 1.2: Very strong, impulsive surge
  • How to interpret: In this case, Strength: 0.3 refers to the candle before the false breakout, showing that the downward movement was weak and uncertain, which led to the bounce. If this were a "BREAKOUT" alert with strength 0.3, such a breakout should be ignored.

from 2025.08.25

  • What it means: The week opening date to which this level relates. This helps identify which specific Sunday Open level price is interacting with.

Level price: $3369.87

  • What it means: The exact price value of the Sunday Open level where the event occurred.
  • How to interpret: This is your reference point for stop-loss placement. For example, when buying after this false breakout, stop-loss can be placed slightly below this level.

> Matches D1 trend!

  • What it means: The most important context line! It says that your buy signal (bullish false breakout) fully coincides with the global upward trend on the daily chart.
  • How to interpret: This greatly amplifies your signal. The probability of successful trade significantly increases as you're trading not against the "current" but with it. If it said "Against D1 trend!" here, the signal should be treated with great caution.

Final Alert Conclusion:

The indicator reported a high-probability buy entry point for gold, as a bullish false breakout of a key level occurred, and this signal is confirmed by the global trend. This is a comprehensive and quality trading setup.


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DayTrader PRO (Buy DayTrader PRO and Get another Paid Self Optimizing indicator for Free as Bonus) MT5:  https://www.mql5.com/en/market/product/186222 DayTrader PRO   is an advanced trading indicator that combines John Ehlers' Laguerre Filter with a powerful Auto-Optimization Engine. Instead of using fixed parameters, the indicator automatically searches for the best settings based on recent market conditions, helping you adapt to changing volatility without constant manual adjustments. The in
This product was   updated   for the   2026 market   and   optimized   for the   latest MT5 builds . PRICE UPDATE NOTICE: Smart Trend Trading System   is currently available for $99. The price will   increase to $199   after the next   30 purchases. SPECIAL OFFER:  After purchasing Smart Trend Trading System, send me a private message to claim the Smart Universal EA for FREE and turn your Smart Trend signals into automated trades. Smart Trend Trading System is a complete non-repainting, non-re
Entry Points Pro
Yury Orlov
4.59 (174)
Top indicator for MT4 providing accurate signals to enter a trade without repainting! Watch  the video  (6:22) with an example of processing only one signal that paid off the indicator! It can be applied to any financial assets:  forex, cryptocurrencies, metals, stocks, indices.  MT5 version is here   It will provide pretty accurate trading signals and tell you when it's best to open a trade and close it. Most traders improve their trading results during the first trading week with the help of t
PZ Swing Trading
PZ TRADING SLU
5 (3)
Protect against whipsaws: revolutionize your swing trading approach Swing Trading is the first indicator designed to detect swings in the direction of the trend and possible reversal swings. It uses the baseline swing trading approach, widely described in trading literature. The indicator studies several price and time vectors to track the aggregate trend direction and detects situations in which the market is oversold or overbought and ready to correct. [ Installation Guide | Update Guide | Tro
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals (except early signals mode) strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our custom
Quantum Naked SMC Prime is a streamlined Smart Money Concepts indicator designed for traders who prefer a clean chart, structured market analysis and clear visual trade setups without unnecessary complexity. The indicator combines market structure, liquidity behavior, institutional zones and confirmation logic into a compact analytical framework. Instead of flooding the chart with technical indicators, Quantum Naked SMC Prime focuses on the core elements of price action and Smart Money Concepts.
Trading Special – 40% OFF Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a secret formula. With only ONE chart it gives Alerts for all 28 currency pairs. Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity! Built on new underlying algorithms it makes it even easier to identify and c
KURAMA GOLD SIGNAL PRO (MT4) — 7-Layer Filter, Auto TP/SL, Quality Score & Signal History Save | Complete XAUUSD Trading System No repaint in real time. The moment a signal appears, the arrow, entry, TP and SL are locked on the spot and never move afterward. What you trade is this real-time signal. And in v7.20, every signal that is actually sent is auto-saved and restored exactly after restart. BUYER BONUS Buy the lifetime license and receive AI Zone Radar (
Price Breakout pattern Scanner is the automatic scanner for traders and investors. It can detect following patterns automatically from your chart. Head and Shoulder - Common tradable pattern. Reverse Head and Shoulder - This pattern is the reverse formation of the Head and Shoulder. Double Top - When the price hits resistance level twice and decline toward the support level, the trader can anticipate sudden bearish breakout through the support level. Double Bottom - The double bottom pattern is
Quantum Breakout Indicator PRO
Bogdan Ion Puscasu
4.96 (26)
Introducing   Quantum Breakout PRO , the groundbreaking MQL5 Indicator that's transforming the way you trade Breakout Zones! Developed by a team of experienced traders with trading experience of over 13 years, Quantum Breakout PRO is designed to propel your trading journey to new heights with its innovative and dynamic breakout zone strategy. Quantum Breakout Indicator will give you signal arrows on breakout zones with 5 profit target zones and stop loss suggestion based on the breakout box. I
Introducing the POWER TRADE Indicator Created by a small group of experienced traders with years of profitable experience in the financial markets, the Power Trade Indicator is a plug-and-play trading tool designed to help traders spot high-quality setups with ease and confidence. What It Does: It provides powerful entry signals, profit-taking zones, and rebound areas — giving you a complete view of where price action is most likely to move next. The indicator reacts in real time, al
Dark Support Resistance  is an Indicator for intraday trading. This Indicator is programmed to identify  Support and Resistance Lines , providing a high level of accuracy and reliability. Key benefits Easily visible lines Only the most important levels will be displayed Automated adjustment for each timeframe and instrument Easy to use even for beginners Never repaints, never backpaints, Not Lag 100% compatible with Expert Advisor development All types of alerts available: Pop-up, Email, Push
Scalper Inside PRO
Alexey Minkov
4.74 (69)
Scalper Inside PRO helps you read the intraday trend and plan a trade before you enter the market. It is built around three exclusive strategies for a sharper read of the market. The moment a signal appears, the indicator evaluates market direction and calculates the key levels, so you see the potential entry, the expected stop-loss and several profit-taking levels in advance. Detailed performance statistics show how different instruments and strategies performed in history and help you pick ass
PZ Trend Trading
PZ TRADING SLU
4.8 (5)
Capture every opportunity: your go-to indicator for profitable trend trading Trend Trading is an indicator designed to profit as much as possible from trends taking place in the market, by timing pullbacks and breakouts. It finds trading opportunities by analyzing what the price is doing during established trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Trade financial markets with confidence and efficiency Profit from established trends without getting whips
Prophet
Andriy Sydoruk
Prophet is a trend indicator. Shows the direction of turning points. Can be used with an optimal risk-to-profit ratio. The arrows indicate favorable moments and directions for entering the market. Uses one parameter for setting (adjust from 1 to 3). The probability of a successful trend is very high. In the course of work, the take-profit is much larger than the stop-loss! Works on all currency pairs and on all timeframes.
Atomic Analyst
Issam Kassas
5 (13)
This product was   updated   for   the 2026 market   and   optimized   for the   latest MT5 builds. PRICE UPDATE NOTICE: Atomic Analyst is currently available for $99. The price will increase to $199 after the next 30 purchases. SPECIAL OFFER:  After purchasing Atomic Analyst, send me a private message to claim the Smart Universal EA for FREE and turn your Atomic Analyst signals into automated trades. Atomic Analyst is a non-repainting, non-redrawing, and non-lagging price action trading indic
Mean Reversion Supply Demand Indicator Mean Reversion Supply Demand is the indicator to detect the important supply demand zone in your chart. The concept of supply demand trading relies on the quantity mismatching between buying and selling volumes in the financial market. Typically, supply demand zone serves to predict the turning point. The wave pattern, for any supply demand zone to work as an successful trade, looks like the price must touch the base zone, move away and then return to zone
Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T
Trading Special – 30% OFF Best Solution for any Newbie or Expert Trader! This dashboard software is working on 28 currency pairs plus one. It is based on 2 of our main indicators (Advanced Currency Strength 28 and Advanced Currency Impulse). It gives a great overview of the entire Forex market plus Gold or 1 indices. It shows Advanced Currency Strength values, currency speed of movement and signals for 28 Forex pairs in all (9) timeframes. Imagine how your trading will improve when you can watch
RFI levels PRO
Roman Podpora
5 (1)
RFI LEVELS PRO identifies reversal structures and key price-return zones where major market participants may become active. The indicator helps you detect the formation of a new trend, identify potential entry points, and control risk and profit levels in advance. VERSION MT5   —   The indicator reaches its full potential when used together with TREND LINES PRO . What the indicator shows: Reversal structures and levels activated at the beginning of a new trend. Potential entry points in the dire
Here   our MT5 version more valuable tools SMC Trend Trading   ,  Easy SMC Trading  ,  Institutional SMC Architect Volume Analysis Tools  ,  Volume flow Profile  ,  Market volume profile  , FVG with Volume  , Liquidity Heatmap Profile  ,  Volume Spread Analysis 2. Key Features Dynamic Filtering : The core feature. As soon as the current price crosses a historical liquidity level, that level disappears. This reduces chart clutter and prevents you from trading off "dead" support/resistance. Liqui
Neuro Poseidon MT4
Daria Rezueva
4.74 (46)
Neuro Poseidon is a new indicator by Daria Rezueva. It combines precise trading signals with adaptive TP/SL levels - creating best possible trades as a result! Message me and get  Neuro Poseidon Assistant  as a gift to automize your trading process! What makes it stand out? 1. Proven profitability on all assets and timeframes 2. Only confirmed BUY and SELL signals present on the chart 3. Adaptive TP & SL levels generated by the software for each trade 4. Easy to understand - suitable for all
Currency Strength Wizard is a very powerful indicator that provides you with all-in-one solution for successful trading. The indicator calculates the power of this or that forex pair using the data of all currencies on multiple time frames. This data is represented in a form of easy to use currency index and currency power lines which you can use to see the power of this or that currency. All you need is attach the indicator to the chart you want to trade and the indicator will show you real str
Neo Wave PRO
Nikolay Raykov
5 (1)
Price & Time Market Structure Indicator A professional market structure tool that analyzes waves through both price and time — not price alone. Main Description NeoWave PRO is a professional market structure indicator for MetaTrader 4 designed for traders who want to move beyond traditional one-dimensional wave tools such as ZigZag, swing indicators, and basic high/low systems. Most wave indicators analyze only one thing: Price. But a real market wave is not only a price movement. A true wave de
Trend Lines PRO
Roman Podpora
5 (1)
TREND LINES PRO    helps understand where the market is truly changing direction. The indicator shows real trend reversals and points where major players re-enter. You see   BOS lines   Trend changes and key levels on higher timeframes — without complex settings or unnecessary noise. Signals don't repaint and remain on the chart after the bar closes. VERSION MT 5     -     Reveals its maximum potential when paired with the   RFI LEVELS PRO  indicator What the indicator shows: Real shifts   tren
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Sunday Open Rus
Yevgeniy Vershinin
Версия на английском языке  https://www.mql5.com/ru/market/product/148576?source=Site +Profile+Seller Это руководство создано, чтобы помочь начинающим трейдерам понять, как работает и настраивается индикатор "Sunday Open", а также как правильно интерпретировать его сигналы для принятия взвешенных торговых решений. Часть 1: Что такое индикатор Sunday Open и как его использовать? Основная идея В основе индикатора лежит простая, но мощная концепция: цена открытия недели является ключевым уровнем по
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