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Givonly SNR SND

The Givonly SnR SnD indicator For MT5 is the best Forex indicator for support/resistance and supply/demand zone identification. It is easy to use, as it displays the SNR levels directly on the chart, allowing traders to quickly identify and act on the signals.

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Description

The Givonly SnR SnD indicator For MT5 is a multi-timeframe analysis indicator that displays support/resistance and supply and demand zones of the price. It is an ideal technical trading tool for identifying trend reversal and continuation in the financial markets.

The indicator can increase trading efficiency and performance by helping traders identify these key levels without hassle. It can come in handy for beginners and experienced traders during technical analysis and in identifying potential trend reversal or continuation zones.

Features of Givonly SnR SnD Indicator For MT5

The indicator plots dodger-blue and orange-red horizontal lines, highlighting support/resistance and supply/demand levels. It plots these pivotal levels across the H1 to the W1 time frames, which indicate potential trend reversal and continuation zones.

Benefits of Using the Indicator

  • Key Support and Resistance Identification: The indicator assists traders in making better trading decisions by automatically identifying and plotting the support/resistance and the supply/demand zones on the chart.
  • Time Efficiency: The indicator saves traders the process of identifying key price support levels, thereby improving technical analysis and overall trading efficiency.

Indicator Settings Description

The indicator comes with the following customizable settings:

SHOW_H1: Enables/Disables the H1 support/resistance line.

SHOW_H4: Enables/Disables the H4 support/resistance line.

SHOW_D1: Enables/Disables the D1 support/resistance line.

SHOW_W1: Enables/Disables the W1 support/resistance line.

Supply_Demand_Area: Determines the width of the supply and demand line.

SupportColor: Defines the color to display support levels.

P60R: Resistance level for 1-hour time frame.

P60S: Support level for 1-hour time frame.

P240R: Resistance level for a 4-hour time frame.

P240S: Support level for 4-hour time frame.

P1440R: Resistance level for 1-day time frame.

P1440S: Support level for 1-day time frame.

P10080R: Resistance level for 1-week time frame.

P10080S: Support level for 1-week time frame.

Offset Vertically (T) or Horizontal (F): Determines the indicator’s position vertically or horizontally.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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