SNR simple by SADAM
- Индикаторы
- Версия: 1.0
- Активации: 5
This custom Support and Resistance Indicator with Signal Arrows is designed for MetaTrader 5 (MT5) to help traders identify key price zones and potential reversal points in the market. It combines classical support and resistance detection with smart signal generation for better trading decisions.
🔍 Key Features:
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Automatic Support & Resistance Detection:
The indicator scans historical price data within a defined lookback period to identify swing highs (resistance) and swing lows (support) using sensitivity logic. -
Signal Arrows for Entry Points:
When price touches a valid support or resistance zone with confirmation (based on close price proximity), the indicator draws a Buy arrow (green) near support or Sell arrow (red) near resistance. -
Touch Tolerance Filter:
A customizable TouchTolerance parameter helps avoid clutter by filtering out nearby or redundant zones—ensuring only unique and clean levels are drawn. -
Visual Lines for Zones:
Support and resistance levels are drawn using dashed horizontal lines for clear visibility. Support lines are green; resistance lines are red. -
Optimized to Draw Only Key Zones:
Built-in logic ensures the chart doesn’t become overloaded with lines, showing only the most significant zones (typically 5–10 lines).
⚙️ Inputs:
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LookBack — Number of candles to analyze.
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Sensitivity — Number of candles on each side to confirm a swing point.
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TouchTolerance — Distance in points to consider a price as touching an existing level.
✅ Use Cases:
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Ideal for intraday or swing trading strategies.
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Helps spot reversal zones for better entry timing.
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Works on all timeframes and currency pairs.
