# Malaysian SnR Also known as: Malaysian support and resistance, MSNR. A Support/Resistance & Levels concept (Horizontal S/R) in the LuxAlgo Library, with 1 indicator implementation. ## What is Malaysian Support & Resistance (MSNR)? Malaysian Support and Resistance (Malaysian SnR, MSNR) is a method that draws support and resistance from candle closes and opens rather than from wicks. Its levels sit at the turns of a line chart: an A-level at a peak (shaped like the letter A) acts as resistance, a V-level at a valley acts as support, and a gap level marks the space between one candle's close and the next candle's open when two consecutive candles of the same color do not share a price. Each level is a single price, not a zone. The name points to the Malaysian retail forex community the approach is generally associated with, and it is taught through courses, social media and community scripts rather than a book. Its distinctive rule is freshness. A level is fresh until a wick touches it; once touched it is unfresh, and the method expects unfresh levels to react less and break more readily. A candle body closing through an unfresh level makes it fresh again, so the bookkeeping runs in both directions. The underlying claim, that untouched levels still hold unfilled orders, is the same one behind [level freshness and decay](https://www.luxalgo.com/library/concept/level-freshness-and-decay/) in other schools. Levels are read inside a storyline: the higher-timeframe narrative of which fresh level price last reacted from and which one it is travelling toward. A weekly, daily or 4-hour storyline sets direction, and the execution timeframe is consulted only when price reaches a fresh level in line with it. Teachers add their own confirmations, and there is no independent published test of how often MSNR levels react. ## How to draw Malaysian SnR levels The method works from closing prices, so start by taking the wicks out of the picture. 1. Switch to a line chart (closes only), or read candle bodies only, on the storyline timeframe, usually daily or 4-hour. 2. Mark A-levels at line-chart peaks and V-levels at valleys. On a candle chart the level sits at the body price of the turn, the close of the candle that made it, not at the wick. 3. Mark gap levels where two consecutive same-colored candles leave a gap between the first candle's close and the second candle's open. 4. Grade freshness: untouched by any wick since it formed is fresh, a wick touch makes it unfresh, and a body closing through an unfresh level makes it fresh again. 5. Write the storyline (where price last reacted, and which fresh level is next in the higher-timeframe direction), then trade only fresh levels in that direction, waiting for a reaction on a lower timeframe. ## How traders use it - As reaction levels: fresh A-levels are sold and fresh V-levels bought on the first revisit, with the stop beyond the level and confirmation taken on a lower timeframe. - As break levels: a level that has already been wicked is treated as a likely breakout point rather than a fade, and a break that holds sets up the [role reversal](https://www.luxalgo.com/library/concept/role-reversal/) trade on the retest. - As targets: the next fresh level in the storyline's direction is the natural objective, so one map supplies entry, invalidation and target. - In top-down form: the storyline is set on a higher timeframe and executed on a lower one, the [top-down](https://www.luxalgo.com/library/concept/top-down-analysis/) workflow with close-based levels. Community indicators automate the A-, V- and gap-level drawing and show fresh and unfresh levels in different styles. ## Malaysian SnR vs other level methods - **S/R Zone** (https://www.luxalgo.com/library/concept/s-r-zone/): Zones span a band, often from wick to body, to absorb overshoots. MSNR insists on a single close-or-open price and treats a wick through it as a touch that spends the level, not as part of the level. - **Supply & Demand Zones** (https://www.luxalgo.com/library/concept/supply-and-demand-zones/): Supply and demand zones are drawn around the base candles before a strong departure and graded on that departure. MSNR levels come from line-chart turns and gaps with no base or departure criterion. Both schools prefer levels that have not been revisited. - **Level Freshness & Decay** (https://www.luxalgo.com/library/concept/level-freshness-and-decay/): The general bookkeeping of touches and age across all level types. MSNR's rule is a specific, binary version of it: one wick touch spends a level, one body close through it renews it. ## FAQ ### What are A-levels and V-levels in Malaysian SnR? An A-level is resistance at a line-chart peak, named for the A shape of the turn; a V-level is support at a valley. Both sit at the body price of the turn, not the wick. ### What makes a Malaysian SnR level fresh or unfresh? Fresh means no wick has touched the level since it formed; a wick touch makes it unfresh, and a later body close through it makes it fresh again. Fresh levels are the ones the method expects to react. ### What is the storyline in MSNR? The higher-timeframe narrative that decides which levels matter: where price last reacted and which fresh level it is travelling toward, which sets the direction for lower-timeframe trades. Weekly, daily and 4-hour storylines are all in use. ### Why use closes instead of wicks for support and resistance? Closes are where each period settled and are less affected by brief spikes than wick extremes. The cost is that a close-based line will be overshot by wicks regularly, which the method accepts by design and handles through the freshness rule. ## Implementations in the Library - Malaysian SnR (LuxAlgo): https://www.luxalgo.com/library/indicator/malaysian-snr/ ## Related concepts - S/R Zone: https://www.luxalgo.com/library/concept/s-r-zone/ - Level Interaction Rules: https://www.luxalgo.com/library/concept/level-interaction-rules/ - Level Clustering Algorithms: https://www.luxalgo.com/library/concept/level-clustering-algorithms/ - Support Level: https://www.luxalgo.com/library/concept/support-level/ - Resistance Level: https://www.luxalgo.com/library/concept/resistance-level/ - Level Freshness & Decay: https://www.luxalgo.com/library/concept/level-freshness-and-decay/ - Round Numbers: https://www.luxalgo.com/library/concept/round-numbers/ - Role Reversal: https://www.luxalgo.com/library/concept/role-reversal/ --- Source: https://www.luxalgo.com/library/concept/malaysian-snr/ (LuxAlgo Library, the encyclopedia of trading & technical analysis). Free to use with attribution: https://www.luxalgo.com/library/license/