MSnR Pro Setups and Storyline
- Indicators
- Version: 2.70
- Activations: 5
MSnR Pro Setups and Storyline
MSnR Pro is an indicator for traders who use the Malaysian Support and Resistance method. It draws the levels of five timeframes, tracks how each level is used, follows the storyline of every timeframe and finds complete setups with a grade from C to A+.
Levels
The indicator builds levels from the closed candles of M, W, D, H4 and H1. Only candle bodies are used, wicks are ignored.
- A level: a bullish candle followed by a bearish one. Resistance.
- V level: a bearish candle followed by a bullish one. Support.
- Gap level: two strong candles of the same colour. Drawn as a dashed line.
Levels closer than 0.05% are merged into one level, and their timeframes are shown together, for example D·H4.
Level tracking
- Fresh levels are drawn with a thick line. After the first touch the line becomes thin and pale.
- A level can be used up to a set number of times (1, 2, 3 or no limit). After the last use it is removed.
- A body close beyond a level flips it: support becomes SBR, resistance becomes RBS. The level is fresh again.
- MISS: the candle after the level did not reach it. Such levels are marked as validated.
Storyline
For each timeframe the indicator follows the storyline: a rejection from a level of that timeframe (DRD, WRW, H4RH4), a confirmation by a breakout one or two timeframes lower, and the target at the next level. The panel shows the bias of every timeframe and their alignment.
Setups
The indicator finds the full setup model and marks each step on the chart:
- Rejection of a level of the setup timeframe.
- Breakout of the last swing on a lower timeframe.
- Pullback to the RS or the QML and a candle closing away.
The setup timeframe follows the chart: H4 setups on M1 to M15, D setups on M30 and H1, W setups on H4. Each setup gets a grade from four checks: the breakout, a fresh level, a pullback into the QML and the bias of the higher timeframe. A setup that does not develop in time is cancelled. The last completed setups stay on the chart, so you can review them on history.
Additional tools
- Quasimodo with QML, MPL and QMM.
- Decision level: an H4 gap that forms near a touched D, W or M level.
- Engulfing zones.
- Daily snapshot of levels or levels that follow the price.
Panel
The panel shows the current session, the bias and storyline of W, D and H4, their alignment and the checklist of the active setup.
Alerts
Alerts are available for setups (forming, done, cancelled), storylines, flips, level touches, Quasimodo and engulfing zones. They can be sent as a popup, a push notification or an email. You can limit alerts to the London and New York sessions.
For Expert Advisors
The indicator has 8 buffers that can be read with iCustom: setup state, entry, invalidation, the bias of W, D and H4, the nearest resistance and the nearest support.
Settings
All settings have clear names in English and can be adjusted for levels, setups, Quasimodo, appearance, level rules, candle time shift and alerts. The candle shift lets you align daily and weekly candles with your preferred session close.
Notes
The indicator works on any symbol and on any timeframe from M1 to MN1. It does not open or close trades. Results on the chart depend on the history provided by your broker.
