SnR CC Level MT4 by RWBTradeLab
- Indicators
-
Md Hasibul Kabir
Founder & Developer at RWBTradeLab.
I develop high-quality trading indicators, expert advisors (EAs),
and utility tools for MetaTrader 5.
My work focuses on precise calculations, non-repainting logic,
and clear visual market structure. - Version: 1.10
SnR CC Level MT4 by RWBTradeLab
A clean, non-repainting Confirmation Candle (CC) level detector for MetaTrader 4, built for price action traders who don't just want Support/Resistance levels — they want levels the market has already CONFIRMED with a proper reaction candle. Every level on the chart comes with its own confirmation, all from CLOSED candles only.
What This Indicator Does
The indicator detects 6 types of SnR CC levels. A CC (Confirmation Candle) is a candle that touches a key level with its wick, keeps its FULL BODY beyond the level, and closes in the continuation direction — proof that the level was respected, not just visited.
The Confirmation Candle (CC) Rule
- Bullish CC: the candle's LOW touches the level, its whole body (open and close) stays ABOVE the level, and it closes equal to or higher than the previous candle's close
- Bearish CC: the candle's HIGH touches the level, its whole body stays BELOW the level, and it closes equal to or lower than the previous candle's close
Color rule used by this detector: Green = close >= open (Doji counts as Green), Red = close < open.
Trio CC Levels (Creator -> Middle -> Signal, level = Creator close)
- V CC: Red -> Green -> Green + Bullish CC at the level
- Bullish Gap CC: Green -> Green -> Green + Bullish CC at the level
- A CC: Green -> Red -> Red + Bearish CC at the level
- Bearish Gap CC: Red -> Red -> Red + Bearish CC at the level
SBR CC / RBS CC (breakout + instant confirmation, one-shot)
Every 2-candle pair creates an internal base level (Level = 1st candle Close). The indicator waits for the FIRST colored close-breakout of that level (the Breakout Candle):
- RBS CC: a Green candle CLOSES above a resistance-side level, and the VERY NEXT candle is a valid Bullish CC at that level
- SBR CC: a Red candle CLOSES below a support-side level, and the VERY NEXT candle is a valid Bearish CC at that level
One-shot rule: only the candle immediately after the Breakout Candle can confirm. If it fails, that opportunity is gone — no late, low-quality confirmations.
Key Features
Professional Chart Display
- Every CC level is drawn as a horizontal ray extended to the right
- All labels are placed to the RIGHT of the last candle — your candles always stay clean
- Levels at the same price are MERGED automatically into one line and one combined label (e.g. "RBS CC + Bullish Gap CC")
- Smart pixel-based label layout: nearby labels are staggered automatically, they NEVER overlap
- Labels re-arrange instantly when you zoom, scroll or resize the chart
- Bullish-side CC labels in green, Bearish-side CC labels in red — colors fully adjustable
Chart = Alerts, Always
- Drawing and alerts run the SAME rules over the SAME scan window, so an alert can never come from a level the chart is not showing
- Whatever fires an alert is exactly what you see on the chart
Non-Repainting Engine
- All levels and confirmations are calculated on CLOSED candles only
- Levels are recalculated once per new bar, not on every tick (zero terminal lag)
- Automatic object cleanup — remove the indicator and the chart is spotless
Alerts (bar-close only, off by default)
- 6 alert types: A CC, V CC, Bullish Gap CC, Bearish Gap CC, SBR CC, RBS CC — each with its own On/Off switch
- Alerts fire exactly when the Confirmation Candle closes — once per type per bar
- 3 delivery channels: Popup, Push Notification, Email
- Every alert message includes CC type, level price, symbol, timeframe and time
Summary Table
A two column panel in the chart corner - the CC type and how many of them are currently held,
bearish side first:
Level Count
A CC 3
Bearish Gap CC 5
SBR CC 1
V CC 4
Bullish Gap CC 6
RBS CC 2
Every cell is drawn as its own filled box with a thin grid line, so the panel reads exactly the
same on a white chart and on a black one. It counts a type even when that type is switched off,
so the numbers describe the market rather than the screen.
Inputs
Scan
- Scan Length (closed candles) - how many recent closed candles are scanned (min 5)
Level Types
- A CC, V CC, Bullish Gap CC, Bearish Gap CC, SBR CC, RBS CC
Style
- Level line colour and width, plus separate label colours for bullish and bearish CC
Labels
- Show Text Labels, label font, font size, and the merge distance for same-price labels
Summary Table
- Show Summary Table, position (any of the four chart corners), font size, text colour, header
background, cell background and grid colour
Alerts
- Master switch, Popup / Push / Email channels, and a separate switch for each of the six types
How to Use
Attach the indicator to any symbol and any timeframe — forex, gold, indices, crypto. A CC level is a level the market has already tested and defended with a full-body reaction candle — treat green (bullish-side) CC levels as confirmed support zones and red (bearish-side) CC levels as confirmed resistance zones. SBR CC / RBS CC mark role-flip levels that were confirmed IMMEDIATELY after the breakout — the strictest kind. For best results combine with higher-timeframe structure and your own trade plan.
MT4 Build
This is the MetaTrader 4 build. The detection engine is the same code as the MetaTrader 5 version,
so both platforms mark the same candles on the same chart. Only what MQL4 spells differently was
changed, and none of it touches a rule:
- MetaTrader 4 has no input groups, so the settings appear as one list with comment headers instead
of collapsible sections. The order and the names are unchanged
- The bar count, the tick size and the timeframe name are read through the MQL4 functions
Everything else - the detection rules, the drawing, the summary panel, the alerts and the
non-repainting behaviour - is identical to the MetaTrader 5 version.
Important Notes
- Because the labels sit to the right of the last candle, the indicator switches the chart's "Shift end of the chart" option on so that space exists. This is a chart setting, so it stays on after the indicator is removed - turn it off in the chart toolbar if you prefer the old view
- Push notifications require your MetaQuotes ID in MT4 (Tools -> Options -> Notifications); email alerts require SMTP settings
- Alerts work while the terminal is running
- This indicator is a level-detection and confirmation tool, not financial advice. Trading involves risk — always use proper risk management
Creator: RWBTradeLab
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