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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OrderFlow Absorption – Indicatore professionale di Delta e Segnali di Assorbimento per MT5 Sblocca la potenza della vera analisi del flusso degli ordini con OrderFlow Absorption – l’indicatore definitivo di istogramma delta e segnali di assorbimento per MetaTrader 5. Progettato per i trader che vogliono vedere cosa succede davvero dietro ogni movimento di prezzo, questo strumento rivela la pressione nascosta di acquisto/vendita e gli eventi di assorbimento che muovono il mercato. Caratteristiche
FootPrint Chart MT5
Gayathiri Gopalakrishnan
5 (1)
Turn every candle into a bid x ask footprint built from real tick data. See who is actually trading at each price, with delta, volume profile, imbalance zones and a scored setup engine that prints entry, stop and target Order Flow Footprint Chart Pro Most indicators tell you what price did. This one tells you who did it. Order Flow Footprint Chart Pro rebuilds every candle on your chart from raw tick data and shows you the volume that traded at each individual price inside it, split into the am
Bill Williams Advanced
Siarhei Vashchylka
5 (11)
Bill Williams Advanced is designed for automatic chart analysis using Bill Williams' "Profitunity" system. The indicator analyzes four timeframes at once. Manual (Be sure to read before purchasing) Advantages 1. Analyzes the chart using Bill Williams' "Profitunity" system. Signals are displayed in a table in the corner of the screen and on the price chart. 2. Finds all known AO and AC signals, as well as zone signals. Equipped with a trend filter based on the Alligator. 3. Finds "Divergence Bar
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals 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 customers. The first "The Basics"
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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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