SnR Trend Direction MT4 by RWBTradeLab
- Indicadores
-
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. - Versão: 1.10
SnR Trend Direction MT4 by RWBTradeLab
A clean, non-repainting multi-timeframe trend dashboard for MetaTrader 4 that tells you the REAL trend direction — detected the classical SnR way. No moving averages, no oscillators: the trend is derived purely from classical Support/Resistance behavior (level creation, rejection and confirmed breakouts), exactly how a classical SnR trader reads the market by hand.
What This Indicator Does
The indicator shows the confirmed trend direction (Bullish / Bearish) of 5 timeframes at the same time in one clean dashboard panel:
- Monthly — confirmed on D1
- Weekly — confirmed on H4
- Daily — confirmed on H1
- H4 - confirmed on M30
- H1 - confirmed on M15
The dashboard works from ANY chart timeframe — whatever chart you open, the panel always shows the same multi-timeframe trend picture.
How the Trend Is Detected (the SnR Classical way)
1. Higher-Timeframe SnR Level Engine
Every 2-candle sequence on the higher timeframe creates a key level (Level = 1st candle Close):
- V Level / Bullish Gap = Support
- A Level / Bearish Gap = Resistance
Each level is born Fresh and tracked live:
- Breakout (candle CLOSE through the level) flips its side — Support becomes Resistance and vice versa (RBS / SBR) — and the level becomes Fresh again
- Rejection (wick touches the level but price closes back on its own side) is counted ONLY on a Fresh level; it publishes an HTF signal — the LOWEST rejected Support (buy side) or the HIGHEST rejected Resistance (sell side)
- Every rejection OPENS A SETUP, and setups run in PARALLEL: a newer rejection never cancels an older one, so whichever setup breaks out first is the one that turns the trend
- A setup leaves only when it confirms, when the HTF itself CLOSES through the level it came from, or when the pending cap pushes it out
2. Lower-Timeframe Trend Confirmation
A higher-timeframe rejection alone is not a trend. The lower timeframe must confirm it in 3 strict steps:
- TOUCH: price touches the HTF rejection level (the search starts from the OPEN of the HTF rejection candle)
- LOCK: at the touch, the most recent completed opposite structure level is locked (external A Level for buys, external V Level for sells) — its price candle always lies to the LEFT of the touch candle, even when the pair itself only completes on the touch candle
- BREAK: a later candle CLOSES through the locked level — only then the trend is CONFIRMED
A confirmed trend persists until the opposite side completes its own full Rejection -> Touch -> Lock -> Break sequence. No sideways guessing, no mid-bar flips.
Key Features
Professional Dashboard
- One clean dark panel. Out of the box nothing is drawn on your candles — the optional Setup Visualiser below is the only thing that ever touches the chart, and it starts switched off
- Each row: colored trend dot + Timeframe + current Trend (Bullish green / Bearish red / No Trend gray)
- Hover a timeframe to see which lower timeframe confirms it ("Confirmed on M30", ...), so the panel stays two columns wide
- Panel position: Top Right / Middle Right / Bottom Right
- Panel size: Tiny / Small / Normal / Large
- Show/Hide every timeframe row independently
- All colors fully adjustable
Setup Visualiser
- Draws the story behind ONE row on the chart, so you can see WHY that row says what it says
- Five marks in solid: the HTF level that was rejected (named A Level, V Level, Bullish Gap, Bearish Gap, SBR or RBS, with its price), the HTF rejection candle, the LTF touch candle, the locked A/V level, and the LTF candle that confirmed
- Optionally also the setup still WAITING, drawn dashed, on the opposite side — it shows what the row is currently waiting for before it can flip
- Pick any row: Monthly, Weekly, Daily, H4 or H1
- Off by default, so the chart starts clean — switch it on when you want to study a row, off when you only want the dashboard. The visualiser only reports what the engine already decided, so it changes no trend and no alert
Non-Repainting Engine
- Everything is evaluated on CLOSED candles only — the dashboard never repaints
- All 10 timeframe series are synchronized bar by bar, exactly in chronological order
- History is replayed silently on attach, so every row starts in its CORRECT current state
- Shows "Loading" for a few seconds on first attach while MT4 downloads multi-timeframe data, then updates automatically
- Automatic object cleanup — remove the indicator and the chart is spotless
Trend Flip Alerts (off by default)
- Alerts fire ONLY on confirmed trend flips — Bullish or Bearish, per timeframe
- Separate On/Off switch for each of the 5 timeframes
- 3 delivery channels: Popup, Push Notification, Email
- Every alert message includes the timeframe, new direction and symbol
- No alert storm on attach — history is seeded silently
Inputs
- Table Position / Table Size
- Show/Hide rows: Monthly, Weekly, Daily, H4, H1
- Bullish / Bearish / No Trend colors
- Max Stored Levels per higher timeframe (performance cap, default 300)
- Max Pending Setups per side (how many setups may wait in parallel, default 12)
- Show "Confirmed on" Note Column — the hover tooltip on the timeframe cell
- Setup Visualiser group: Show Active Setup On Chart, Row To Show, Also Show The Setup Still Waiting
- Full Alerts group: master switch, Popup / Push / Email, per-timeframe switches
How to Use
Attach the indicator to any chart of the symbol you trade — the chart timeframe does not matter. Use the dashboard as your top-down bias filter: check the higher rows first (Monthly, Weekly, Daily), then look for entries in the direction where multiple timeframes agree. A fresh flip on a lower row (H4 / H1) while the higher rows already point the same way highlights continuation opportunities; opposite colors between higher and lower rows warn you that the market is in transition.
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 dashboard status dot is drawn in the Wingdings font, the same way MetaTrader draws
its own arrow objects. MetaTrader 4 renders a label only through the font it is given,
and Arial has no glyph for the round dot the MetaTrader 5 build uses
- The bar count, the tick size and the timeframe name are read through the MQL4 functions
- Where MetaTrader 5 removes an array element directly, this build shifts the list down a
slot, which does the same job and keeps the order intact
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
- On first attach, allow a few seconds for MT4 to load the data of all timeframes ("Loading" state clears automatically)
- The depth of your broker's history affects how far back the engines can seed (especially the Monthly row)
- 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 trend-analysis tool, not financial advice. Trading involves risk — always use proper risk management
Creator: RWBTradeLab
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