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VJ Sniper MT5

VJ Sniper - MT5 Buy / Sell Indicator: This Indicator is as simple as Buy in Up Trend & Sell in Down Trend.

                                                          There are Support / Resistance Graphic levels for choosing the best Entries.

Background: Any in-built indicator of MT5 does not work as stand alone such as Stochastic, CCI or DeMarker etc. But combination of them with trend projection work & give the best results for Trading entries. So this Indicator is blended to give the best results while reducing the false signals as best as possible. There is no holy grail or 100% guaranteed entry indicator, it is all about high probability. So "VJ Sniper" brings highly probable trading signals, following the rules for profitable trading.

It works on any Instrument & Any Time Frame except M1.


What makes us different to others:

  • Entry at the beginning of the Candle, it is based on the close of the previous candle which means that you can take the trade as soon as you see the signal & do not wait for closing the candle.
  • Signal does not repaint as long as you do not switch the TF
  • No Blinking of the arrows, clean signal at once.
  • Signal is early, not like other indicators giving the signal after going far away either side.
  • Trend is clearly visible through Trend Bands.


Instructions:

  • VJ Sniper contains 3 trend bands & Signal arrows.
  • Trend Bands Show the Trend "Up / Down" & the Arrows show Buy or Sell.
  • In an Up Trend, when a Buy signal (Arrow Up) is popped up, take the Buy trade.
  • In a Down Trend, when a Sell signal (Arrow down) is popped up, take the Sell trade.
  • Consider TP & SL at Support / Resistance levels OR at the level of Curves. Example: If you take a Buy, your probable TP based on the Trend bands is the Middle curve & upper curve.
  • Best Time Frames : M30 / H1 / H4. But it works on any TF except M1.
  • For the first time installation, it requires data to produce the signal, keep switching the Time frames back & forth till you see the clear signals.
  • This indicator works best on low volatile instruments (best for Forex).
  • If you combine Price Action & Candle stick strategy with this, that can become your own Holy Grail system.
  • There is a Support line & Resistance line automatically drawn which lets you choose the best signal

Does it Repaint?:

  • Yes, it does in 2 instances but not usual. Indicator repaint does not mean it is bad or does not repaint not necessarily good. It all depends on trading strategy. 
    1. When the trend bands move away from the price after signal, it repaints.
    2. If you switch the Time Frame & after the trend is changed, it repaints.



















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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-Leve l: This level is located at the Close/Open gap between two cand
The Volume by Price Indicator for MetaTrader 5 features Volume Profile and Market Profile TPO (Time Price Opportunity). Get valuable insights out of currencies, equities and commodities data. Gain an edge trading financial markets. Volume and TPO histogram bar and line charts. Volume Footprint charts. TPO letter and block marker charts including split structures. Versatile segmentation and compositing methods. Static, dynamic and flexible ranges with relative and/or absolute visualizations. Lay
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Daniel Stein
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If you want to find good trading opportunities, then you must trade near the Trend Line. This allows you to have a tighter         stop loss   on your trades — which improves your       risk to reward . But that’s not all… Because if you combine Trend Line with Support and Resistance, that’s where you find the best trading opportunities. Now you might wonder: “So when do I enter a trade?” Well, you can use reversal     candlestick patterns   (like the   Hammer, Bullish Engulfing, etc.) as your e
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Siarhei Vashchylka
5 (3)
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. Automatically analyzes the chart using the "Profitunity" system of Bill Williams. The found signals are placed in a table in the corner of the screen. 2. Equipped with a trend filter based on the Alligator indicator. Most of the system signals are recommended to be used only accordi
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Stefano Frisetti
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- 50% off - Telegram group : https://t.me/+5RIceImV_OJmNDA0 MT4 version : https://www.mql5.com/en/market/product/84526?source=Unknown%3Ahttps%3A%2F%2Fwww.mql5.com%2Fen%2Fmarket%2Fmy Master Pullback is a complete system that gives unique trading opportunities and a clear indication of the market: trend, signals as well as stop loss and take profit levels. This system has been designed to be as simple as possible and detects extreme overbought and oversold zones, support and resistance levels, a
Eng Gold
Ely Alkrar Xshkaky
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Siarhei Vashchylka
5 (5)
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Bogdan Ion Puscasu
4.5 (8)
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Vijayaratna Kumar Boda
4.34 (29)
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Vijayaratna Kumar Boda
4.4 (5)
Introduction: Whatever trading method you use, it is important to know the Pivot levels to take the key attention for your entries & exits. This indicator has been made using the standard classic formula for Auto drawing the Pivot levels. Also based on the previous day trading range, the probable expected today trading range has been highlighted in a different color for your reference. Output of the Indicator: This Indicator gives the Pivot level Different resistance Levels Different Support l
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Sürüm 2.0 2021.08.04
Added True/False Alert function for "Support/Resistance". Choose from pull down menu. You won't be bothered from alerts if you don't need them.
Alert Support/Resistance: True/False