Making an auto S/R Indicator | Metals Mine

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Making an auto S/R Indicator

  • #1
  • First Post: Edited Jan 13, 2021 12:03pm Nov 18, 2020 2:56pm | Edited Jan 13, 2021 12:03pm
UPDATE:

The Indicator is now finished and has been moved to MQL Market! I've created a panel that allows you to add and control multiple SR zones in one location. The panel also provides quick controls that allows the user to rapidly select different controls for each individual instance. In addition to this I've also added an alert system for the price boxes you draw around the zones through the indicator. Please check it out here and let me know what you guys think! Check it out here. Please let me know what your thoughts are. Thank you (:
Attached Images
You get what you work work for, not wish for.
  • #2
  • Nov 18, 2020 4:10pm Nov 18, 2020 4:10pm
Updated first post to newer version, V5. New version adds time frame to object name to better identify it. Previous version deleted lines of another time frame if it was the same color/type/and width.
You get what you work work for, not wish for.
  • #3
  • Nov 19, 2020 12:44am Nov 19, 2020 12:44am
Quoting honeggeral
SR zones are extremely important for trading and there are different ways of calculating/drawing (Pivot point calculation , Fibonacci, etc.). I believe the most reliable SR lines are drawn by which price has bounced off a zone multiple times, not through a calculation. I have created an "auto" sr indicator that uses zig to detect swing highs and lows, compares those points to each other and their distances through averaging of atr for that timeframe, and plots those zones on your chart. So far, its been very accurate and EXTREMELY USEFUL for myself...
Hi honeggeral, thank you for sharing your S/R indicator. I put it on my charts and it looks good so far.
“The waiting is the hardest part” Tom Petty
  • #4
  • Nov 19, 2020 1:13am Nov 19, 2020 1:13am
Quoting SirViver
{quote} Hi honeggeral, thank you for sharing your S/R indicator. I put it on my charts and it looks good so far.
I had some time to work on it a bit. New version, draws the lines into buffers instead of as objects. Please test and let me know how it is
You get what you work work for, not wish for.
  • #5
  • Nov 19, 2020 1:33am Nov 19, 2020 1:33am
Current M1 chart. Yellow represents Hourly SR zones and pink represents m15. Price bouncing off both very nicely
Attached Image (click to enlarge)
Click to Enlarge Name: b35abfa8422781534f1c5ccc6a6d63ab.png Size: 71 KB
You get what you work work for, not wish for.
  • #6
  • Edited 2:36am Nov 19, 2020 2:06am | Edited 2:36am
There are some issues with the new version. Indicator seems to have trouble updating. However the historical feature of it works. If you wish to see current points (in case there is a new bar on time frame you selected within indicator) you can refresh it by changing the timeframe on the chart. Off to bed now so will update it in the morning.
You get what you work work for, not wish for.
  • #7
  • Nov 19, 2020 2:30am Nov 19, 2020 2:30am
Quoting honeggeral
There are some issues with the new version. Indicator seems to have trouble updating. However the historical feature of it works. If you wish to see current points (in case there is a new bar on time frame you selected within indicator) you can refresh it by changing the timeframe on the chart. Off to bed now so will update it in the morning.
LOL. Very easy fix. Sorry for spamming my own thread version 7 is running fine now with indicator buffers. Off to bed
You get what you work work for, not wish for.
  • #8
  • Nov 19, 2020 4:45am Nov 19, 2020 4:45am
Quoting honeggeral
There are some issues with the new version. Indicator seems to have trouble updating. However the historical feature of it works. If you wish to see current points (in case there is a new bar on time frame you selected within indicator) you can refresh it by changing the timeframe on the chart. Off to bed now so will update it in the morning.

Hi honeggeral,
Is the V5 still a working version This seems to be a very good S&R indicator from my review of it so far. It reminds me of one that hardpippin has on his commercial site, but his plots two lines instead of one as yours does. I like to V5 version. Hope is is still a working version. Thank you for sharing.
Best trades to you.
  • #9
  • Nov 19, 2020 12:26pm Nov 19, 2020 12:26pm
Quoting acetrader
{quote} Hi honeggeral, Is the V5 still a working version This seems to be a very good S&R indicator from my review of it so far. It reminds me of one that hardpippin has on his commercial site, but his plots two lines instead of one as yours does. I like to V5 version. Hope is is still a working version. Thank you for sharing. Best trades to you.
Yes, Version 5 works just fine. I've included it back at the top. I'm going to steer more towards buffers just because I tend to use objects for other programs and sometimes it gets in the way. Version 7 works fine too and the historical feature works better on it, just need to make it a bit faster and prettier when displaying the current sr zone for the higher tf
You get what you work work for, not wish for.
  • #10
  • Nov 21, 2020 6:53pm Nov 21, 2020 6:53pm
Updated indicator all around. Please refer to first post for changes. Works like a charm (:
You get what you work work for, not wish for.
  • #11
  • Dec 6, 2020 3:19am Dec 6, 2020 3:19am
Where is the indicator attachment ?
  • #12
  • Dec 14, 2020 11:58am Dec 14, 2020 11:58am
Quoting Ede10
Where is the indicator attachment ?
Sorry Ede10,

I removed the indicator file.

I've decided I'm going to sell the indicator. Since the original post I've made several updates and it has become such an amazing tool. I will be posting a final version that includes many features onto mql. Will update this post when I do so.
You get what you work work for, not wish for.
  • #13
  • Jan 10, 2021 6:45pm Jan 10, 2021 6:45pm
I've finished creating the indicator and have posted it onto mql! You can find it here and the demo version to test on EURUSD here. I've added so many features to the indicator that makes it incredibly user friendly. You have the ability to add multiple SR zones from different timeframes and manage all of them through he indicator panel. Other features have been added such as alerts from price boxes you can draw, new and improved historical mode, and ability to load and save templates. Please check it out and let me know what you guys think.
You get what you work work for, not wish for.
  • #14
  • Last Post: Jan 13, 2021 12:01pm Jan 13, 2021 12:01pm
I've Updated the program so you can test the demo in strategy tester! The panel is fully functional in the strategy tester(: No need to test the free version. Tips on how to to test on strategy tester have been included In the product description. Thank you!
You get what you work work for, not wish for.
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