Malaysian SNR Fresh Level Indicator

Price : $39

Access period : 1 Year

Overview

MSNR Jithuze is a specialized technical analysis tool designed for TradingView. It automates the identification of Malaysian SNR (Support and Resistance) levels. Unlike standard pivot indicators, this tool focuses on market structure behavior—specifically how price reacts to levels via “Wick Tests” versus “Body Breaks” (Flips).

It automatically detects “A” (Resistance) and “V” (Support) formations, tracks their validity, and converts them into SBR (Support Become Resistance) or RBS (Resistance Become Support) levels when broken.

Key Features

  1. Multi-Timeframe (MTF) Detection: Detects levels based on a user-defined timeframe (Default: H4) regardless of the chart currently being viewed.

  2. A & V Pattern Recognition: Automatically identifies major peaks (A-Level) and valleys (V-Level) using a customizable lookback period.

  3. Smart Level Flipping:

    1. If a Resistance (A) is broken by a candle Close, it automatically flips to Support (RBS).

    2. If a Support (V) is broken by a candle Close, it automatically flips to Resistance (SBR).

  4. Strict Wick Sensitivity:

    1. Fresh Levels: Can withstand a specific number of wick tests (rejections) before being considered invalid.

    2. Flipped Levels: Highly sensitive. As per the logic, flipped levels are one-time use. If a wick tests a flipped level, it is removed from the chart immediately to keep the view clean.

  5. Visual Clarity: Differentiates between Fresh levels, Tested levels, and Flipped levels using distinct colors and line styles.

How to Read the Chart

    1. Identify the Trend: Look at the most recent generated levels. If you see mostly Teal (RBS) levels forming, price is breaking resistance and turning it to support (Bullish). If you see Orange (SBR), price is breaking support (Bearish).

    2. Entry Zones:

      1. Look for price approaching a Solid A or V line.

      2. Look for a retest of a freshly formed SBR or RBS line.

    3. Invalidation Warning: If a Fresh level turns Dashed, it implies it has already been tested. Be cautious, as the limit (defined in inputs) is approaching.

    4. Disappearing Lines: If an SBR/RBS line disappears, it means price has already wicked into it (tested it). According to this logic, the level is “used” and removed.

Troubleshooting Guide

  1. “My flipped level disappeared immediately”: This is intentional behavior. The script is coded to remove SBR/RBS levels after a single wick test to ensure you only trade fresh touches.
  2. “Levels are not lining up with my current chart”: Check the Timeframe input. If set to H4, the lines are based on 4-hour candles, even if you are looking at an M15 chart.
  3. “Too many lines”: Increase the Pivot Lookback (e.g., to 5) or decrease Max Levels to Display.

Sample Images

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You will get access to the indicator within 24 Hours after reviewing the payment.

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