It is a Multi-currency multi-timeframe Help/Resistance Scanner Dashboard for Metatrader 4 (MT4) platform.

Options:

• Scan Help/Resistance zones (additionally known as Provide/Demand zones)
• Alert when worth is inside these zones and highlights the pair/timeframe
• Present/cover SR zones worth nearest to present worth (Price_Close)
• Present or cover present worth (Price_Close) distance in factors from SR zones
• Alert filtering utilizing MA Quick and Sluggish

This isn’t a full Buying and selling System. It’s best used along with your current methods as a validating indicator. As a result of it signifies finest reversal and breakout zones.

It makes use of this indicator to derive the SR Values:

Get free Demo:

Demo model solely permits 3 pairs. However incorporates all performance of the particular dashboard.

So you’ll be able to attempt it earlier than shopping for 🙂

Dashboard refreshes each new bar. and in addition each “Refresh After Ticks” variety of ticks.

Video Tutorial:

Sorts of zones:

Try to use solely the Verified SR. As a result of these shall be most dependable. Different Help/Resistance traces that are Untested or Weak or Attainable, may disappear when damaged.

Additionally typically, if a number of zones get too shut collectively, then they may merge.

• Verified SR: Help/Resistance the place worth has hit and bounced again two or extra occasions and is subsequently verified. This sort additionally has a success check depend proven within the sprint.

• Untested SR: Help/Resistance the place worth has hit and bounced again solely as soon as.

• Turncoat SR: A assist which was damaged and is now a possible resistance is a Turncoat Resistance. A resistance which was damaged and is now a possible assist is a Turncoat Help.
• Weak SR: Was a assist/resistance some time again. However not a really sturdy one proper now.
• Attainable SR: Would possibly change into a attainable Help/Resistance. However to not be trusted till it’s examined.

Choices:

Zone Merge: When you want close by Help/Resistance zones to merge right into a single zone.

Zone Prolong: More often than not, provide/demand areas aren’t very fastened and distinct.

Zone prolong makes use of ATR so as to add a bit more room based mostly on present worth motion. So, if volatility is excessive, the zone’s prolong a bit to permit extra possible fuzziness.

Authentic Zone (Un-merged, Un-extended)

Merged Zone (however Un-extended)

Merged and Prolonged Zone

MA Filtering Alerts:

Use Quick MA and Sluggish MA to seek out the present development. And filter Alerts based mostly on Pattern.

If Quick MA is above Sluggish MA, means its an Up development. So solely present Alerts when worth is in Help zone.

If Quick MA is beneath Sluggish MA, means its a Down Pattern. So solely present Alerts when worth is in Resistance zone.

MA Filtering Spotlight:

Similar as above. This selection set to true will even filter the highlighted bins on the scanner as properly.

If Quick MA > Sluggish MA solely the field exhibiting worth inside Help zone shall be highlighted.

If Quick MA < Sluggish MA solely the field exhibiting worth inside Resistance zone shall be highlighted.

And choose MA Timeframe. To maintain the present pair and timeframe, simply depart it at “present”. Or else choose any timeframe from drop down.

There isn’t a function to have totally different “MA timeframes” for various pair/tf.

Settings:

See Scanner frequent settings:

https://abiroid.com/indicators/abiroid-scanner-dashboard-common-settings

Refresh After Ticks: This exhibits how usually the Sprint refreshes. It would anticipate these variety of ticks. When utilizing too many pairs, don’t preserve this quantity too low like 10, as sprint may cling.

Present Factors: Present or Cover the Value distance from Help/Resistance in factors

Present Value: Present/Cover the Help/Resistance worth. For assist it’ll present the higher stage of zone. As a result of we have an interest when worth crosses this stage and enters into assist.

Alerts:

Verify Zone Enter: Will solely give alerts on Zone Entry

Verify Zone Exit: Will solely give alerts on Zone Exit. It would verify each: Value bouncing off a zone inwards. And worth breaking by way of a Help/Resistance.

Alert On Zones Aligned: Will alert if all timeframes have the identical zone standing. Suppose all timeframes has worth inside a resistance, then it’ll alert alignment:

Please word that it will solely occur for all of your chosen timeframes:

Distance Calculations:

For resistance it’ll present the decrease stage of zone:

The gap in factors is from nearest assist/resistance line. So, distance shall be from resistance decrease line and assist higher line by default.

However, suppose worth breaks a assist downwards, then the space now shall be from assist’s decrease line.

And if worth breaks a resistance upwards, then the space now shall be from resistance’s higher line.

A adverse distance signifies that worth is inside that SR zone.

On this instance, worth is 128 factors contained in the resistance zone:

None Calculated:

R: None means resistance just isn’t but shaped.

S: None means assist just isn’t but shaped.

Generally if a zone is simply damaged, it’ll take a couple of extra ticks to kind. So, refresh the sprint if you’re seeing None for each Help and Resistance.

Suppose worth has stored climbing, then a great resistance has not but shaped. So R: None will signify worth is trending upwards in a constant manner.

With out making any new resistance. And the older resistances should not related anymore. It will occur quite a bit if you’re solely on the lookout for verified or untested SR.

And never turncoat SR.

Similar for assist, vice versa.

Use:

This dashboard is simply to indicate SR Zones and attainable reversal areas for worth.

Use it as a validating indicators in your methods. Watch out as this isn’t for use as a standalone indicator.

When you see a number of timeframes enter assist/resistance, then chance of reversal turns into very sturdy.

Recognized Concern:

When you preserve Refresh After Ticks too low, and if volatility could be very excessive, it gained’t have sufficient time to completely collect all Help/Resistance values for all pairs.

And the brand new refresh cycle will begin. On this case you will note a number of S:None, R:None. If this occurs preserve Refresh After Ticks to greater. And refresh.