Malaysian SNR Levels

This indicator can be used to display Support and Resistance levels according to the Malaysian SNR concept, in which Support and Resistance are exact levels of a line chart.

Malaysian SNR

There are 3 different horizontal levels in Malaysian SNR:

  • A-Level: This level is located at the peak of this line chart. (shape looks like the letter A)
  • V-Level: Level at the valley of a line chart, (shape looks like the letter V)
  • Gap-Level: This level is located at the Close/Open gap between two candles of the same color. 

Levels can be of state fresh (Untested) or unfresh (Tested). A level is designated as fresh if it has not been touched by a wick, it can become fresh again if it is crossed by the body of a candle. If it is then touched by a wick again afterwards, it is considered unfresh again.

If a level is fresh, the theory of Malaysian SnR assumes that there is a greater probability that the price will react at that level and move in the opposite direction because this fresh Support / Resistance level is more significant than an unfresh level.

The indicator is calculating this state and displays the levels then in a different way: Fresh levels are displayed as solid lines, unfresh levels are displayed as dashed lines. It is also possible to hide unfresh levels, so that only the fresh levels are visible in the chart.

Parameters of the indicator
  • Level Color (color): Line color of the levels
  • Display fresh levels only (bool): Should unfresh levels be hidden in the chart
  • Number of Bars Lookback (integer): Number of bars lookback period at which levels will be added to the chart
  • Levels Above Price (interger): Number of levels that should be displayed above the price. It will be the closest levels to the price that can be found.
  • Levels Below Price (integer): Number of levels that should be displayed below the price. It will be the closest levels to the price that can be found.
  • Timeframe: Timeframe for which the levels will be calculated.

How to trade with SNR Levels

With the indicator it is possible to display SNR levels of a HTF (higher timeframe) on a LTF (lower timeframe) chart. A common strategy is to trade HTF levels on a LTF chart. This means that you can wait (or set an alert) that price reaches a HTF level (for example a Daily or Weekly SNR level) and then enter the trade on a LTF (for example 5 min) when a bullish or bearish structure has established on this timeframe.


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RealTime Swing Sentinel — Non-Repainting Major Trend & Swing Reversal Indicator for MT5 If you've ever watched an arrow appear on your chart, only to realize the "signal" it's showing you happened four or five candles ago — this indicator was built to end that. RealTime Swing Sentinel is a zero-lag, non-repainting Heiken Ashi trend and swing confirmation system engineered for traders who need to know the instant a trend actually turns, not several bars after the fact. Why most swing/HA indicator
Kito Hybrid Divergence Scanner
Okechukwu Maxwell Okeke
5 (1)
Kito Hybrid Divergence Scanner Multi-Symbol • Multi-Timeframe • Classic + Structural + Hybrid Divergence for MT5 Finding divergence is easy. Finding divergence worth investigating is harder. Kito Hybrid Divergence Scanner continuously searches multiple markets and timeframes for Regular and Hidden bullish/bearish divergence , then ranks and organizes the strongest opportunities on one dashboard. THREE DETECTION ENGINES CLASSIC Traditional divergence using RSI, MACD, Stochastic and optional CCI.
Precision Spike Detector
Francisco Mandomo Simbine
5 (2)
Precision Spike Detector V3 – Institutional-Grade AI Trading System Attention: The price increases by US$50 for every 10 purchases.  Final price: US$599 Precision Spike Detector V3   is a   state-of-the-art, institutional-grade market analysis system   for   MetaTrader 5 , designed to detect   high-probability market movements   in synthetic indices such as   Boom, Crash, GainX, and PainX . After purchase, send me a private message to receive the optimized configuration files,  the installation
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TheStrat Box
Matthias Horst Pieroth
With this indicator TheStrat bar numbers can be displayed above and below candles of the chart. The numbers have the following meaning: 1 = Inside Bar 2 = Directional Bar 3 = Outside Bar. In TheStrat-method there are Actionable and In-Force patterns / combos to define entries for trades. These patterns are also displayed by the indicator. Here are the settings that can be configured: Number of lookbar bars : For how many candles in the past numbers are dislayed Color of inside bar : The color o
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