Dynamic sr trend channel is a simple indicator for trend detection as well as resistancesupport levels on the current timeframe. It shows you areas where to expect possible change in trend direction and trend continuation.
this is a trend indicator for mt4 providing accurate signals to enter a trade without redrawing or delays. It can be applied to any financial assets forex, cryptocurrencies, metals, stocks, indices.
common support and resistance (sr) indicator for mt4 is a metatrader 4 (mt4) indicator and the essence of this technical indicator is to transform the accumulated history data. Common support and resistance (sr) indicator for mt4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
the indicator marks dynamic supports when ma crossing, making a channel in the price. Buy conditions when the sr (green) line is crossed up with the sr-signal line (red line) it is called a continuation signal, a buy signal is given.
after the installation of pipholic sr indicator at the mt4 terminal, your trading chart will appear like the following image breaking down pipholic sr indicator pipholic sr indicator appears as a series of dotted bars around the price bars to signal possible short-term supportresistance levels.
note (jan 31, 2014) any indicators or eas that ive contributed to this thread will probably no longer work in the latest mt4 build that is (if i understand correctly) due to be rolled out on feb 3. If you want to ensure that these indicatorseas continue to work correctly, do not upgrade your mt4 beyond the current build (509).
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