PTS Support Resistance Alerter v1.1

PTS Support Resistance Alerter calculates support and resistance levels in the background and alerts you when the price comes near to the calculated levels. So you will be alerted before the level is reached which gives you time to check the charts and prepare for a trade.

You can freely define when you want to get alerted. The default value for the alert-distance is 50 pips before the supp/res level. This means that you will get an alert when the price comes closer than 50 pips to the calculated support/resistance level.

This dashboard scanner checks up to 30 instruments on up to 8 time frames for you and gives you real-time alerts!

You can get alerts in real-time:

• alerts via email
• alerts via push to your mobile
• and popups in your MT4

With the dashboard view you will spot highly interesting marketing situations:

Explanations of the dashboard:

• Red squares are indicating that the price is near to a resistance level
• Green squares are indicating that the price is near to a support level
• “SR” means that a support AND a resistance is calculated on the appropriate instrument/time frame
• “S” means that ONLY a support level is calculated on the appropriate instrument/time frame
• “R” means that ONLY a resistance level is calculated on the appropriate instrument/time frame

As you already know from our weekly emails regarding Golden Setups the support and and resistance levels calculated by our Support / Resistance Indicator do dramatically add to the probability of a trading setup.

The following screenshot shows the examples of support/resistance levels which are calculated by the support/resistance indicator (it draws on charts) and the support/resistance scanner (it calculates in the background and gives alerts):

The Support / Resistance Alerter will give you an overview of the actual market condition within seconds. You simply look on the dashboard and you will know if there is something interesting going on.

The Support / Resistance Alerter calculates the levels standalone (without the The Support / Resistance Indicator). However the Support / Resistance Indicator is a great tool for visualizing the price levels. So it can be an advantage to have both tools.

The following screenshot shows the configuration parameters of the indicator:

Tips:

• After a signal occurs you can then press the button on the chart which carries the name of the corresponding trading instrument. A chart will open with the template which you configured in the parameter “templateName”
• The indicator is pre-configured for our higher time frame trading which we advocate in the weekly emails. Therefore, only the time frames D1 and W1 will be checked by default. You are free to enable the lower time frames too if you need that.
• You can run a second instance of the scanner on a second chart with different settings. E.g. if you configure the parameter “candlesLeftRight” to a higher value like 6 then the scanner will maybe calculate different (but equally important) support/resistance levels.