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ShenLong.Lab
11/05/2026 03:16
Release： 11/05/2026 03:16
Update： 11/05/2026 23:52
ShenLong.Lab
Investment style : Day Trade
Investment career : More than 10 years
Investment amount : -
Nice to meet you. Thank you for viewing my profile. I am Shinryu, the head of ShenLong Lab (Shenron Lab). I learned programming to become a trader. Before studying market methods, I decided to acquire the ability to create the tools that support trading by myself. With that determination, I paid 2,000,000 yen for a programming school, and that was the start. Now, as an active trader who uses my own indicators in daily trading, I have developed over 1,000 financial indicators and automation tools to date. What is truly needed to face the markets for a long time is not complex logic. It is “visualization that eliminates hesitation” and “thoroughly efficient verification work.” ShenLong Lab indicators are all created to solve things I personally felt were hard to see or tedious in trading. They make work easier, reduce stress, and allow you to focus on analysis and trading itself. I have crafted them into tools that you can feel the change in on your daily charts. All parameters are labeled in Japanese, and you can select them with “ON/OFF” instead of true/false, so even without specialized knowledge you can set them without hesitation. The logic that can be verbalized resides in the code. I will continue to develop tools that translate trading intuition and stress into words, reduce manual waste, and maximize the results of thinking and trading. I hope ShenLong Lab indicators will help make your trading more comfortable for everyone. *Investment results are not guaranteed.
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Episode 25: I created SL_MTB to view the higher-timeframe resistance band (Bollinger Bands) without switching the timeframe

ShenLong Lab's Shenlong.
For newcomers, please allow me to introduce myself a little.
As a active trader who continues to generate monthly profits with self-made indicators, I have developed over 1,000 indicators and automation tools to date.

ShenLong Lab's second release, the 10th item in "Market Compass"
"SL_MTB (Multi Time Bollinger)"
has been released.

This time, I will talk about why I created this item and tips for confirming higher-timeframe resistance zones (Bollinger bands) in MT4/MT5.

In that position on the 1-minute chart, where is it on the higher-timeframe bands?

When the 1-minute candle reaches the Bollinger Bands ±2σ,
where that location corresponds on the 5-minute or 1-hour bands is not clear from the 1-minute chart alone.

I myself would switch timeframes before entering to confirm the higher-timeframe bands.

  • Switch the timeframe to confirm the position of the higher-timeframe Bollinger bands
  • Line up charts of different timeframes side by side and compare band positions
  • Overlay multiple Bollinger bands, adjusting the period to multiple times the higher timeframe (e.g., on a 1-minute chart, 5-minute period 50 becomes 250)

All of these involve switching timeframes or manually recalculating and re-entering periods.
Each time you switch the timeframe, your eyes move away from the chart.

The higher-timeframe band should be viewed superimposed on the currently displayed chart.

That is why SL_MTB was created.

From here on, the usage of SL_MTB will be demonstrated in a video.