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KT Support and Resistance Levels

Use of support and resistance in systematic trading is very subjective. Every trader has their own idea and way to plotting the support and resistance levels on the chart. KT Support and Resistance indicator take out this ambiguity out of the situation and automatically draws support and resistance levels following an algorithmic approach using a unique multi-timeframe analysis.


When launched on the chart, It immediately scan the most significant extreme points across all the available timeframes and saves them for further analysis. A special algorithm then populates and iterates the stored extreme points for final selection.


This indicator plot four types of support/resistance levels:

  • Super Strong Levels: These levels are the most substantial levels among all. Price is very likely to respect "Super Strong Levels" and often bounce back after testing them.

  • Strong Levels: These are also substantial levels and price often respect them but not as much as their predecessor. If price breaks them with a significant margin, you can expect a continuation in the same direction.

  • Moderate Levels: If you are a day trader, you should keep an eye on these levels. Immediate trade entries around these levels should be avoided to prevent unnecessary losses.

  • Short-Term Levels: These are comparatively weaker levels plotted using a singular time frame analysis. If you are a day trader or scalper, you may use these levels to decide a stop loss and profit target.


Applications

  • Filter out bad trades by avoiding trade entries around a significant support/resistance level.
  • Automatically draw significant support and resistance levels using an advanced methodology and saves a ton of time every day.
  • Prevent stop hunting by institutional traders by placing the stop loss before or after a support/resistance level.
  • Include a multi-timeframe approach in your technical analysis without ever switching to a different time frame.


EA Developers

// This code will help you to import the support/resistance levels in your expert advisor. 

string super_strong_levels_name ="KT_SUP_RES_Super_Strong_Levels";
string strong_levels_name = "KT_SUP_RES_Strong_Levels";
string moderate_levels_name = "KT_SUP_RES_Moderate_Levels";
string shortterm_levels_name = "KT_SUP_RES_Short-Term_Levels"

for(int i=ObjectsTotal(); i>=0; i--)
{
 string object_name = ObjectName(0,i);
 if(ObjectType(object_name)!=OBJ_TREND)continue;
 
if(StringFind(object_name,super_strong_levels_name)>=0) 
​// fill super strong level array with ObjectGetDouble(0,object_name,OBJPROP_PRICE)if(StringFind(object_name,strong_levels_name)>=0) 
​// fill strong level array with ObjectGetDouble(0,object_name,OBJPROP_PRICE)if(StringFind(object_name,moderate_levels_name)>=0) 
// fill moderate level array with ObjectGetDouble(0,object_name,OBJPROP_PRICE)if(StringFind(object_name,shortterm_levels_name)>=0) 
// fill shorterm level array with ObjectGetDouble(0,object_name,OBJPROP_PRICE)
}

// The above code is almost similar for both MQL4 and MQL5 with some minor adjustments. 
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Introducing AMAN Signals. An MT4 Indicator that predicts the trend where the prices are heading! Indicator parameters Period 1 : the number of bars used for the indicator calculations. Proper values - Above 21. Multiplier 1 : Proper values - from: 5. Period 2 : the number of bars used for the indicator calculations. Proper values - Above 21. Multiplier 1 : Proper values - from: 5. Using the AMAN Signals FAST Indicator: Green: Buy or Bullish Candle Red: Sell or Bearish Candle Strength Percent
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Brilliant Wall Street
Yaroslav Varankin
Brilliant Wall Street is a professional arrow indicator.  It is based on a mathematical calculation.  thanks to a special calculation algorithm that was developed by the best specialists  he is not late, moreover, he gives advanced signals.  -----------almost complete absence of redrawing------------.  signals appear with the advent of the candle.  It is recommended to enter a trade for at least 1-2 candles on the next candle, but you can also use a signal...  The red down arrow indicates
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Alexey Minkov
The main purpose of the All-in-One Trade Indicator (AOTI) is determining the daily targets for EURUSD, EURJPY, GBPUSD, USDCHF, EURGBP, EURCAD, EURAUD, AUDJPY, GBPAUD, GBPCAD, GBPCHF, and GBPJPY. All other modules work on any instruments. The indicator includes many features: Double Channel trend direction, Price channel, MA Bands, Fibo levels, Climax Bar detection, etc. The indicator is designed to simplify the analysis of the market, and it is based on several trading strategies that I apply to
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  The Pinbar pattern scanner is a powerful NON-REPAINTING, NON-LAGGING Price action tool that utilizes Pinbar and its application with outside and inside bar to alert the trader of possible Price rejection in any forex symbol in any of the 9 timeframes, all from the simplicity of one open chart. This one outshines other scanners by giving the trader options to tune available pinbar patterns according to his or her style of trading and comfort. Although developed for forex, the Pinbar pattern sca
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Versão 1.6 2020.11.22
- A minor change in the alerts text.
- Performance improvements.
- Source code optimizations.
Versão 1.5 2019.07.17
- improved the indicator execution speed.
- Added the alerts on a level touch.