Support and resistance breakout indicator mt4

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• The indicators draw the levels directly on the price chart with different color coding. These color-coded indicators provide an at-a-glance understanding of where the market stands and where it may be heading. Jan 15, 2024 · The Intraday Channel Breakout Indicator is a technical tool designed for MetaTrader 4, one of the most widely used trading platforms. The convenient and universal indicator is based on a simple algorithm. Mar 26, 2024 · The first step in using this strategy is to identify a market trend. 3. The Fractal Support and Resistance MT4 Indicator is a technical analysis tool designed to identify and plot fractal patterns on price charts. When these octaves are broken, the MML S&R indicator will print a new octave. The - English Buy the 'Support and Resistance breakout signals' Technical Indicator for MetaTrader 4 in MetaTrader Market Jun 8, 2021 · The LineMagnit Indicator for MT4 is a highly precise tool that builds support and resistance levels which magnetically attract prices. The Breakout. Add to chart. Categories: MT4, Signal, Levels. Confirm the breakout signal with other technical analysis tools, if possible. The indicator is based on an earlier version by Barry Stander. The Biggest and Best Collection of Indicators and Trading Systems on Top-Trading-Indicators. Currently this indicator can only alert on trend reversal, higher low and lower high. Navigate to it and select the “Open data folder” tab. Sep 26, 2023 · The Support and resistance Barry with alerts indicator for MT4 marks support and resistance lines based on the previous history. Automatic Parabolic Support…. This indicator alert when a support or resistance is formed. With the ability to identify critical breakout points on the chart using support and resistance indicators combined with Bollinger Bands, this indicator assists in identifying market trends and making intelligent trading decisions. In conclusion, the Support and Resistance MT4 Indicator is a valuable ally for traders seeking an advantage in the forex market. Categories: MT4, Levels, Informational. The indicator works on all timeframes, on all markets, not redrawn and has flexible settings. Navigate to the folder named “MQL5”. In this case, trade the channel breakout at the support and resistance lines; Place pending Buy Stop orders at resistance and Sell Stop at support levels; TP is equal to a half of the channel, SL Oct 16, 2023 · The Multi-Time Frame Breakout MT4 Indicator has emerged as a powerful tool for traders looking to stay ahead in the competitive world of forex trading. Forex MT5 Indicators. Save time — let the indicator Feb 14, 2022 · With this indicator you can e. Admiral Pivot. The higher is the value the less breakouts are Aug 30, 2023 · The Support Resistance Breakout Arrows MT4 Indicator is a powerful tool that empowers traders to make more informed decisions in their forex trading journey. This can be a significant event because it often signals Support Resistance Breakout Arrows MT5 Indicator. This could either be based on the high, low, and close of the previous day, week, or month. This indicator plots a series of characters that form a horizontal line to show support and resistance levels. Dec 8, 2023 · The Breakout Indicator for MT4 is designed to help traders easily identify and capitalize on potential breakout opportunities. This allows traders to easily distinguish between the two types of levels. Breakout zones indicator for MT4 provides forex BUY and SELL trading signal using support and resistance of breakout zones. The swing Forex indicator displays support low and resistance high levels as follows: A blue triangle represents support low. Dec 27, 2020 · This indicator identifies that when there will be highly strong signal appears for the market breakout. These channels are formed when the price of an asset moves within a certain range over time, creating upper and lower boundaries. Reversals – When price continues to respect the trendline as support/resistance, bouncing from the level. Open up a chart for the symbol you want to trade. First, download the indicator file onto your computer. This Breakout EA trades all the strategies listed below. 0. This indicator uses the Zigzag indicator to identify swing highs and swing lows in the price chart. Apr 26, 2022 · This indicator uses support and resistance, volume and some special formula to calculate the volume to filter the candles. Aug 9, 2023 · The "Support and Resistance Breakout" indicator is a custom tool built on the MetaTrader 4 platform, developed by KPRO. Apr 21, 2023 · The Pivot Points All-In-One MT4 Indicator is a versatile forex trading tool that automatically plots crucial pivot points and their corresponding support and resistance levels on the chart. In this method, the support will become resistance and the resistance will become support. Both of these indicators can be used on higher and smaller time frames such as the daily through to the 15 minute charts to find simple support and resistance breakout trades. zip. Support and resistance levels are price levels where the Jun 3, 2024 · Start trading Forex now with Flex EA. Triple Jurik Smooth Button. These levels are determined by price fluctuations. 5. Open your MetaTrader platform. S&R levels are based on the higher time frames and goes as follows: H1 (hourly) chart – support and resistance levels are based on the daily chart. The indicator uses a unique color-coding system, marking resistance levels in orange and support levels in blue. 9k. The version that i shows here is developped by Lennoi Anderson, 2015. Support and Resistance Breakout Arrows Indicator with Instant Download - Over 12,500 Great Indicators, Trading Systems and Forex EAs (Expert Advisors) for MT4 and MT5 with Daily Updates since 2010. ex4 indicator is a simple indicator which helps the trader locate areas of support and resistance. ex4』をドラッグ＆ドロップします。 フォルダの中にインジケーターが入りました。 MT4をいったん閉じて再起動してください。 Support and ResistanceをMT4チャートに表示させる The Support and Resistance Breakout Arrows MT4 Indicator is a powerful tool for traders looking to identify potential breakouts in the market. As the name suggests, the MTF Support and Resistance Indicator is a custom technical indicator which automatically identifies and indicates support and resistance levels based on multiple timeframes. The EA only uses pending orders. The Support Resistance Breakout Arrows Indicator For MT4 is essential for intraday forex traders using a breakout…. Free download and easy install. Dec 13, 2023 · Now that we’ve covered the basics let’s explore why traders are increasingly turning to this indicator: Enhanced Precision: The Support and Resistance Zone MT4 Indicator employs complex algorithms to pinpoint key levels accurately. Mar 23, 2022 · Support and Resistance is a custom MT4/MT5 indicator coded by EarnForex. Download Size: 17. The indicator may work on shorter timeframes May 26, 2023 · The Zone MT4 Indicator communicates its analysis visually, making it intuitive and easy to interpret. The indicator will appear on your chart, displaying support/resistance lines and breakout arrows. Finding swing high resistance on our MT4 Support & Resistance Indicator : This is really straightforward. Indicators. To start using the tool, traders should download it. This is the FREE version of the indicator: Support Resistance Multi Time Frame The free version works only on EURUSD and GBPUSD! Parameters referenceTF: the timeframe from wh Support and Resistance Breakout Indicator. ex5. Time Efficiency: Manual identification of support and Oct 29, 2014 · The Support and Resistance Levels Indicator is a powerful tool that identifies and draws support and resistance levels directly on your trading charts. Now paste the Support and Resistance Breakout Arrows. We will now look at how our Support and Resistance indicator for MT4 identifies the 3 major types of support/resistance as mentioned above : swing high, pullback and overlap. It shows them directly on the chart, providing an easy help when you want to set stop-loss or take-profit level, or when you want to see the next market target. This Support and Resistance Breakout Arrows forex strategy is compatible with any forex currency pair. This feature allows traders to easily determine the most probable entry and exit points in the market, as well as identify the market's directional forces, as levels are based on capital inflows into the instrument. It shows horizontal support and resistance levels based on the standard Fractals indicator. Remember, while indicators provide valuable Extract the downloaded Support and Resistance Breakout. Rebound (Bounce) from a level, Level breakout, A retest of the broken level. This is the best Support and Resistance Indicator on the market, and it shows both confirmed Support and Resistance as well as Retests. MT4 Market Levels Trading Free Download. The principles of the order settlement are the same for both MT4 and MT5 platforms. This is an free but great indicator for analisys of the market anf for support at the trading with very good results. Navigate to File Oct 27, 2023 · The Fractal Support and Resistance MT4 Indicator brings a fresh lens to the world of forex trading. I will like someone to add an alert when the market price breaks or equals to a recent support or resistance level (doted levels Feb 19, 2018 · 2. Forex EA. mq5 or . The indicator combines Fractal, CCI and RSI to provide the best BUY and SELL arrow signals for forex traders. Typical waiting time is a minimum of 2 days or may even be as high as 5 days. I have support and resistance indicator with alert by Barry. H4 (4 hour) chart – support and resistance levels are based on the Dec 12, 2023 · Pro Support Resistance MT5. It assists traders in identifying potential breakout zones in the market, which are crucial moments when an asset’s price breaks through a key level of support or resistance. 33 KB Type: . Support and resistance MTF indicator for MT4 helps forex traders BUY and SELL using breakout and failure of mtf levels. Determine a take-profit level, such as a target price or resistance level. If the volume reaches a specific value, And at the same time, Candle breaks the support/resistance line, There would be a signal and we can enter the market. By focusing on the natural patterns of higher highs and lower lows, it offers traders an adaptive and responsive tool to navigate the complexities of the market. mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform. Support & Resistance Breakout Arrows with Instant Download - Over 12,500 Great Indicators, Trading Systems and Forex EAs (Expert Advisors) for MT4 and MT5 with Daily Updates since 2010. Once it has identified the swing highs and swing lows, it can use them to determine potential support and resistance levels. Jun 8, 2021 · Support Resistance Breakout MT4. By doing this, it allows traders to visually recognize the highs and lows of a chart, while removing the subjectivity of identifying The MetaTrader 5 indicator file should end with . The Support and Resistance indicator for MT5 helps traders to set a Stop Loss order. mq4 file (s) into indicators folder and restart the Feb 26, 2024 · 4. . 2. EA, for example, will find the lowest and highest levels from the current candle to the next 24 candles. Outside a channel, trade the breakout of the channel boundaries - breakout of support or resistance during a strong trend movement in the market. By using this indicator effectively Jun 16, 2023 · With this indicator you can e. Signals from the Daily Support & Resistance Breakout MT4 forex indicator are easy to interpret and goes as follows: Buy Signal: Open buy order when the currency pair crosses and closes above daily resistance (red line). Jun 16, 2023 · With this indicator you can e. It draws a green horizontal bar to indicate a potential support zone, and a red bar signifies potential resistance levels. com. Go to “File menu” in Mt4 trading platform and click “open data folder”. A breakout is when the price of an asset moves outside of a defined support or resistance level. The first step is to open up the data folder found under the File tab on MT4. Apr 25, 2023 · The Breakout Box MT4 Indicator identifies and automatically plots a rectangle box around significant support or resistance zones, providing a visual representation of potential breakout points. Version: 1. Support and Resistance Indicator (MQL4) Support and Resistance MTF Indicator. A breakout indicator introduces to when the cost of an advantage proceed overhead the resistance zone, or proceed under the support zone . The indicator displays Key Level lines derived from H1, H4, and Daily time frames across all chart intervals, from M1 to Monthly. 1. Feb 3, 2023 · The second strategy presupposes the price reversal after the intersection. Once the price breaks above or below these levels, it presents an entry point. The article also tackles such a useful topic as creation of a simple indicator that can display results from different timeframes in one workspace. rar . ZigZag Breakout Dec 1, 2011 · Hy Guys. Dec 23, 2021 · Like all trading strategies that implement support and resistance, efficient trendline trading can be classified into 2 categories: Breakouts – When price no longer respects the trendline as support/resistance, breaking through the level. Its features and functions are as follows: 1. It makes it easy for any trader to May 14, 2023 · Jackson Support and Resistance it a powerful advance support and resistance indicator which provide signal base on price action, it Design to make things easy for everyone to draw support and resistance. Download and install. The Daily Breakout Indicator plots support and resistance lines to show price breaks. Displays support and resistance levels using arrow lines and colored bands, with resistance in red and support in green. 5229. Smart Breakout Indicator determines support and resistance levels and also shows the breakout points of the levels in the form of a histogram. Unzip the . Having support and resistance perfect can be a game change to you way of trading. The indicator is designed to be used in combination with indicators of the "Signal" or "Candles" series (a lot of free indicators of this type can be found on my page). This forex trading robot works with support and resistance levels. As a result, it is particularly suited The following section is just going to be a small step by step walk-through on how to install and configure the support and resistance indicator so that it displays the correct support and resistance levels on the chart. Its ability to provide a multi-dimensional view of the market, coupled with customization options, makes it a valuable addition to any trader’s toolkit. This precision can be a game-changer for traders. Step #2: A folder should pop up on your screen. To summarize, it is clear that MT4’s Support Resistance Breakout Arrow indicator is a great tool for automatically identifying Sup&Res levels. Support and resistance (S&R) is an important concept in the day-to-day work About the Big Breakout EA. A red triangle represents resistance high. Feb 15, 2020 · Introducing the "PR Support and Resistance " indicator, a powerful FREE price action indicator rooted in the foundational principles of support and resistance analysis within the realm of forex technical analysis. Jun 16, 2023 · 5. Dec 15, 2023 · The Breakout Zones MT5 Indicator is a technical analysis tool designed for the MetaTrader 5 platform. Apr 25, 2007 · The article deals with detecting and indicating Support/Resistance Levels in the MetaTrader 4 program. Suvashish Halder. Sep 30, 2023 · Conclusion. By incorporating this tool into your trading strategy, you can enhance your trading Feb 16, 2021 · The DOSR Support And Resistance Breakout MT4 indicator provides you with accurate buy/sell breakout levels based on daily support & resistance levels. Sell Signal: Open sell order when the currency pair crosses and closes below daily support (blue line). You can specify the number of candles to be checked in the history. Designed to work on lower timeframes, the indicator does not draw rectangle boxes on timeframes higher than H1. Nov 15, 2021 · As a result, the S&R indicator works well with other technical indicators and trading systems. The indicator is designed to plot arrows on a price chart to indicate potential breakouts of support or resistance levels. 4. 01 Indicator. TradeBreakOut (MetaTrader indicator) — indicates the distance of the current price (Close or High/Low) from breaking out of the recently set support or resistance levels, which are detected using local minimums and maximums. Support & Resistance: Support marks where buying demand halts price declines, acting as a safety net. Kg Support & Resistance Alert…. Ghost32 3. When it occurs, there are usually large Nov 8, 2023 · MT4 Also Available for MT5. rar archive at the bottom of this post, unpack it, then copy and paste the support-resistance-breakout-arrows. 11 KB Type: . Go to Insert > Indicators and choose the “Support and Resistance” indicator. ex4 and Support and Resistance Breakout Arrows. 02. Recommended Brokers for Support And Resistance MTF Indicator. Open Mql4 folder and open the indicators folder. easily see the support/resistance of the timeframes H4, D1 and W1 on a H1 chart, which can be a big advantage while time your entry on H1. Download Size: 81. This indicator provides clear visual signals of support and resistance levels, allowing traders to make informed decisions about their trades. Breakouts indicator specify the prospective for Jan 21, 2024 · The KG Support and Resistance MT4 Indicator is a valuable addition to any trader’s toolbox. Aug 27, 2020 · It’s an excellent indicator to trade breakouts from previous support and resistance levels found on the Metatrader 4 chart for good profit. Working of Support and Resistance Breakout Great Support and Resistance Breakout Arrows Indicator with Instant Download in MT4 Arrow Indicators, MT4 Breakout Indicators, MT4 SR (Support and Resistance) Indicators with Open Source Code for MetaTrader 4 or 5. This is the FREE version of the indicator: Support Resistance Multi Time Frame The free version works only on EURUSD and GBPUSD! Parameters referenceTF: the timeframe from wh Dec 5, 2019 · Support and Resistance breakout signals: This is a full-fledged Price Action trading system based on the searching for entry points at the moment when the price breaks the trend lines. Updated on: 26. Then open MetaTrader 4, go to Navigator > Indicators and drag the file into the folder. Support and Resistance will issue alerts when price closes either above a resistance line or below a support line. The indicator allows traders to choose from five different calculation methods: Classical, Camarilla, Woodie, Fibonacci, and Central Pivot Range (CPR). Feb 7, 2024 · The Support and Resistance Breakout Arrows Indicator is a technical analysis tool used in forex trading to help identify potential entry and exit points for trades. Step #1: On the upper left corner you will see the “File” button. In addition, the indicator automatically draws major Sup&Res levels and traders can use Aug 19, 2020 · The ATR (average true range) support and resistance Forex MT4 indicator draws ATR based support and resistance breakout levels on the chart. Aug 26, 2022 · This indicator is a system of channels based on the minimum and maximum price values. Of course, it helps if you know but it’s not entirely necessary since this neat indicator has done most of the work. Great Four Hour Support Resistance Indicator with Instant Download in MT4 SR (Support and Resistance) Indicators with Open Source Code for MetaTrader 4 or 5. Dec 7, 2019 · The MT4 Breakout Box Forex Indicator makes it easy for you to trade breakouts without the hassle of understanding where the support and resistance levels are. Traders can modify the basis period on the “Period” variable under the The Support and Resistance Lines indicator for MT4 and MT5 is a powerful indicator that can find and show you the levels of support and resistance. The indicator draws these lines using a traditional way of finding support and resistance levels and then looks for daily breakouts. May 22, 2024 · The Auto Support and Resistance Indicator for MT4 is an essential tool for MetaTrader 4, designed to identify critical support and resistance levels with precision. Support and Resistance MetaTrader indicator — as the name of this indicator suggests, it displays the support and resistance levels. By using this indicator, traders can improve their accuracy Dec 11, 2023 · Identify a bullish breakout pattern on the Breakout Pattern MT4 Indicator. The indicator allows you to define signals for 5 types of Ichimoku strategies: Ichimoku Cloud (Kumo) Breakout, Kijun Sen Cross, Tenkan Sen / Kijun Sen Cross, Senkou Span Cross and Apr 25, 2007 · The article deals with detecting and indicating Support/Resistance Levels in the MetaTrader 4 program. With Support and Resistance Lines indicator, you can: Find better opportunities — knowing where the support and resistance are, you can adjust your strategy. These breakouts often lead to significant price movements, offering Great Support and Resistance Indicator (MQL4) with Instant Download in MT4 SR (Support and Resistance) Indicators with Open Source Code for MetaTrader 4 or 5. Jun 21, 2021 · 『Indicators』フォルダの中に、先ほどダウンロードしてきた『Support-and-Resistance. The ATR support and resistance levels appear in the form of red colored horizontal lines. As the name suggests, the ZigZag indicator does draw a zigzagging line across the forex charts. Input parameters. ”. Once one of the levels is crossed, trade is opened. In the “Navigator” window, locate “Indicators” > “Custom” and double-click “SBR Arrows. Jan 26, 2017 · This strategy is a form of support and resistance trading. 00 ( 6) 4. In addition, the ability to filter signals using CCI and RSI assists traders in staying in the direction of the current trend. You can gain access to this folder by clicking the May 1, 2018 · The ZigZag Indicator. By leveraging its features to identify breakout points and confirm trend strength, traders can enhance their overall trading strategies. Support and Resistance Breakout Arrows mt4 indicator displays Support and resistance lines and Buy Sell Arrow Signals after break out in the main chart window. Importance: Understanding support and resistance zones is crucial because they help understand the market situation, predict reversals, determine market sentiment, design trading strategies, filter false breakout signals, and simplify analysis. Mar 27, 2024 · The support and resistance indicator can help differentiate between static and dynamic levels. Support And Resistance Breakout EA MT4. Tim Morris -September 25, 2023 0. It can be used with any Forex Trading System for […] May 29, 2022 · The " YK Find Support And Resistance " indicator is a technical analysis tool used to identify key support and resistance levels on a price chart. A support level is formed when the price drops and bounces back up About The Trading Indicator. The indicator draws two support and two resistance levels on the chart together with the accompanying price level. The program contains two indicators in one: 1-support and resistance lines, 2-histogram indicator based on high price fluctuations. Nov 1, 2019 · Smart Breakout Indicator MT4. ex4 or . The Support Resistance Breakout Arrows indicator for MT5 is essential for intraday forex traders using a breakout trading strategy. Entry Strategies. Period (default = 50) — the period of the indicator. Jun 25, 2024 · Description. This can be done by looking at price charts and identifying areas of support and resistance. 96. This forex strategy can be used with any type of time frame. RSI on Chart Button Indicator. Dec 27, 2022 · Support is always below price. This is a forex trading tool. Step #3: Navigate to the folder named “Indicators”. Trade logic of this Expert Advisor. Enter a buy trade when the breakout occurs. By integrating this indicator into your trading strategy, you can enhance your trading performance and achieve Feb 4, 2022 · MTF stands for “Multi Time Frame”. Jan 16, 2024 · Installing the Support Resistance Indicator on MT4 or MT5 is simple: Download the Support Resistance Indicator file. Moreover, these lines act as best stop loss and take profit points for an open position. This indicator assists traders in recognizing breakout points in price channels. Its ability to identify critical support and resistance levels simplifies the decision-making process and improves overall trading success. Here are three features of this tool: Customization options: This indicator provides traders with several customization options, allowing them to Jun 13, 2024 · The breakout signal is a MT4 indicator which can be utilized with any foreign exchange dealing system for extra verification of trading arrivals and departing. It simplifies the process of identifying support and resistance levels, enabling traders to make well-informed decisions. The rules to buy and sell with the DOSR Forex indicator are easy to follow, and points you in the direction of the most profitable daily trend. This indicator aids traders in recognizing significant turning points in the market, making it an indispensable asset for both novice and experienced traders. Right-click on the indicator in the chart window and select “Properties. However, combining trading signals as well as Sup&Res Listed below are two simple free indicators for MT4 and MT5. Mar 26, 2024 · Some MML S&R indicators use +1/8, +2/8, and -1/8, as well as -2/8 octaves. This system works when the price breaks a level of strong support then the price rises back up to the previous support and what is now the resistance level. The Breakout Zones Indicator for MT4 draws support and resistance lines on the trading chart. This indicator helps forex traders to identify the best support and resistance areas to enter the markets. The Big Breakout EA trades the support and resistance of many different indicators like ZigZag or Fractals or the high/low of a certain range of candles. Rate this Indicator from 1 to 5. The SRcandle Forex indicator for Metatrader 4 displays support and resistance levels on the 1 hour, 4 hour and daily chart. 2k. The strategy constructed with this indicator requires a lot of patience for the price to get to its profit target. g. Breakout Trendlines Indicator. Support and Resistance indicator for MT4/MT5 automatically finds the levels or zones, where several recently formed fractals are located. This indicator uses support and resistance, volume and some special formula to calculate the volume to filter the candles. Just load the DOSR Support And Resistance Breakout Download the Support Resistance Breakout Arrows Indicator MT4. The task of the indicator is to visualize the trend direction and support/resistance lines. Open your desired forex chart in MT4. There are three major practices you can apply strong support and resistance levels: Their advantage is that they are simple enough that even a beginner trader can apply them. Emmanuel Tshepang Mosweu. Restart MT4. Jan 21, 2021 · The Common Support and Resistance indicator objectively identifies probable horizontal support and resistance levels based on the highs, lows, and close of the previous period. Once you’ve opened the Data folder, click on MT4 Ichimoku Indicator is a versatile indicator that combines several approaches to market analysis and is designed to identify trends and support / resistance areas. It marks the highs and lows of price using a set formula, and connects both points with a line. 2024. Support Resistance Bounce Binary…. ex4 or support-resistance-breakout-arrows. Basic Trading Signals. Support and Resistance Breakout is a strategy based on the famous indicator developped by Barry Stander in the 2004 for Metatrader 4. Designed to identify crucial reversal zones, this indicator utilizes the concept of swing highs and lows, pivotal points where Support and Resistance. MT5 Support and Resistance Breakout Indicator by EarnForex. Oct 4, 2023 · The Fractal Support and Resistance MT4 Indicator. The idea here is utilizing the breakout of the key zones instead of their rejections (which is typically the case). Whether you’re looking for breakout opportunities or trying to set strategic stop Best Non-Repainting Systems for MT4 and MT5. mq4 file. This is the FREE version of the indicator: Support Resistance Multi Time Frame The free version works only on EURUSD and GBPUSD! Parameters referenceTF: the timeframe from wh The Support & Resistance Breakout Arrows for MT4 is an indicator that helps traders to recognize price levels where the market may experience a significant movement, either upwards or downwards. Oct 27, 2023 · Classic Fractals indicator for MT4, with additional Trendlines connecting the latest couples of fractals ( fractals are showing highest high, and lowest low on each period) Rules for trendlines: -if new top fractal is below the last one = new resistance line -if new bot fractal is above the last one = new support line -Trendlines can be hidden Jun 22, 2024 · Support Resistance Breakout Arrows Forex Indicator MT4 Free Download. Murrey Math lines are a top resistance and support indicator for levels at varying strengths, making them quite popular. Nov 29, 2021 · Conclusion. Place a stop-loss order below the breakout level to manage risk. Xardg HMA 2 Button 1. we believe most strategies are built with support and resistance as a foundation . By highlighting the highs and lows over a specified period, it delineates crucial support and resistance levels, serving as a guide to understanding market movements. pl di tq hl ap zz om yd oa jj