Multi-Timeframe Classic SNR Pro (Close-Based)

l’altro ieri

This indicator identifies key Support & Resistance (SNR) zones
using a proprietary approach based on the Malaysian Classic SNR methodology,
enhanced with multi-timeframe confirmation.

Unlike typical SNR scripts, this tool calculates levels based on candle closes
and cross-verifies them across multiple timeframes to highlight the strongest zones.

🔹 Key Features:
• Support & Resistance levels based on candle closes
• Multi-timeframe confirmation: current timeframe + 2 higher timeframes
• Strength of levels determined by confirmation from higher timeframes
• Levels labeled with their source timeframe (e.g., 240 = H4, 60 = H1)
• Clean chart visualization – no unnecessary indicators included

🔹 How to Use:
1. Apply to your preferred chart symbol and timeframe.
2. Observe the SNR lines:
- Stronger levels are more reliable for potential entries/exits.
- Use higher timeframe confirmation for better risk management.
3. Combine with your trading strategy and risk management rules.

⚠️ Disclaimer:
This indicator is for educational and analytical purposes only.
It does not provide financial advice or guaranteed profits.
Always apply proper risk management.

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Note di rilascio

Multi-Timeframe Classic SNR Pro (Close-Based) - Enhanced Version
🚀 Major Upgrades & Professional Features
1. 📊 Advanced Line Styling & Customization
Complete Control Over Line Appearance: Choose from Solid, Dashed, or Dotted line styles for each timeframe

Adjustable Line Widths: Customize thickness (1-5 pixels) for precise visibility

Custom Color Schemes: Set unique bullish/bearish colors for current, higher TF1, and higher TF2 timeframes

2. 🎯 Intelligent Label Positioning System
Vertical Offset Control: Move labels above/below lines using points-based offsets (positive = above, negative = below)

Universal Compatibility: Works perfectly across all instrument types (Forex, Stocks, Crypto, Commodities)

Horizontal Alignment: Adjust label positioning along the line for optimal readability

3. 🔗 Smart Line Merging Technology ⭐ NEW
Automatic Detection: Identifies lines within close proximity (configurable distance in points)

Consolidated Display: Merges multiple nearby lines into a single, prominent line

Multi-TF Identification: Merged labels show ALL timeframes (e.g., "D+W" for Daily + Weekly)

Visual Emphasis: Merged lines feature distinct colors, thicker width, and special styling

4. 🎨 Professional Visual Hierarchy
Color-Coded Merged Lines: Special yellow color (customizable) for merged resistance/support

Enhanced Visibility: Merged lines are 3 pixels thick (configurable) for immediate recognition

Smart Labeling: Merged labels display combined timeframes with + separator

💡 Trading Advantage: The Power of Convergence
🎯 The "Convergence Zone" Strategy
When you see a multi-colored, thicker line with multiple timeframe labels, you've found a HIGH-PROBABILITY TRADING ZONE:

✅ Strongest Support/Resistance: Multiple timeframes agreeing on the same price level

✅ High Institutional Interest: Where big players have established positions

✅ Maximum Price Reaction: Expect stronger bounces or breaks at these levels

✅ Reduced False Signals: Multiple confirmations increase reliability

📈 Professional Trading Applications
Swing Trading: Use merged Weekly+Daily lines for major support/resistance

Day Trading: Combine H4+H1 lines for intraday key levels

Scalping: M15+M5 merged lines for precise entry points

Position Trading: Monthly+Weekly convergence for long-term planning

⚙️ Key Settings for Optimal Use
For Day Traders:
Enable Higher TF1 (H4), Higher TF2 (D)

Set merge distance to 5-10 points

Use bright colors for merged lines

For Swing Traders:
Enable Higher TF1 (D), Higher TF2 (W)

Set merge distance to 10-20 points

Thicker lines (3-4 pixels) for better visibility

For All Traders:
Label offset: 20-50 points for clear separation

Enable faded lines for historical context

Use contrasting colors for bullish/bearish lines

🏆 Why This Is Your New Edge
This enhanced indicator transforms ordinary support/resistance lines into intelligent, multi-timeframe confluence zones. No more guessing which lines matter – the tool visually highlights the most important price levels where multiple timeframes converge.

Pro Tip: Trade in the direction of the merged line break – these levels have the highest probability of leading to significant moves!