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Levels for MT4 by OptionClue

The Levels indicator has been created to simplify the process of plotting support and resistance levels and zones on selected timeframes. The indicator plots the nearest levels of the selected timeframes, which are highlighted in different colors. It significantly reduces the time needed to plot them on the chart and simplifies the market analysis process.

Horizontal support and resistance levels are used to identify price zones where the market movement can slow down or a price reversal is likely to occur. The Levels indicator helps identify the optimal entry and exit signals that appear during a deep market correction, or calculate stop loss and take profit.

The Levels indicator plots support and resistance levels based on price patterns which occur in local price reversal points on the chart. They are universal and can be used without fitting to historical data. Currently, the Levels indicator includes 28 price patterns that complement each other.

The colors of the price zone and horizontal lines depends on the timeframe and can be changed in settings of the indicator. The indicator plots support and resistance levels on the selected and lower timeframes. It keeps charts as clear as possible and lets one see the most important price levels without switching between timeframes.


Advantages of the indicator

  • Versatility — horizontal support and resistance levels are universal and can be used without fitting to historical data
  • Simplicity — most of the indicator settings are related to color
  • Absoluteness — unlike many technical indicators (Moving Average, RSI, Stochastic and others) Levels is based on the pure price action, and not on its derivatives.
  • Traders are forced to replot support and resistance levels all the time. And the lower the timeframe the more often you should actualize the nearest price levels. This task is greatly simplified with the help of the indicator.


How support and resistance levels are created

Horizontal support and resistance levels have been used in trading since the beginning of the 20th century. They work because traders think that they have to. The Levels indicator plots support and resistance levels based on price patterns which occur in local price reversal points on the chart. They are universal and can be used without fitting to historical data.


Display on the chart

The colors of the price zone and horizontal lines depends on the timeframe and can be changed in settings of the indicator. The indicator plots support and resistance levels on the selected and lower timeframes. It keeps charts as clear as possible and lets one see the most important price levels without switching between timeframes. An interception of levels on different timeframes is often an important price zone and it is displayed on the chart as a combination of colors.


The most suitable parameters for each timeframe can be selected in the indicator settings

  • Plot levels on this timeframe (yes = true, no = false). The indicator plots horizontal levels on different timeframes, Daily by default. In order to see, for example, hourly (H1) levels, set the "Plot levels on H1 timeframe" parameter from false to true.
  • A number of levels pairs (1 levels pair means support and resistance). By default, this parameter equals 1, so there is only one support and one resistance on every selected timeframe. In most cases, such number of levels is sufficient to determine the major price targets.
  • The color of support or resistance zone
  • The color of support or resistance price level

The lower part of the window contains general settings, that are applied to every timeframe:

  • Plotting depth is equal to 200 bars by default. It means that support and resistance levels are built using the last 200 bars. The higher the plotting depth the more distant levels are plotted and the higher the system load. If you are interested in 1-2 nearest levels, you might consider decreasing this parameter to 30-40.
  • Plot overlapping price zones (yes = true, no = false). This parameter lets one choose whether overlapping price zones of a similar timeframe are plotted or not. It makes the price chart clearer and more vivid. This parameter is disabled by default, but if one wants to see all possible levels and their overlaps, one might consider turning it on.


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Quantum Trend Sniper Indicator MT4
Bogdan Ion Puscasu
4.6 (40)
Indikatoren
Wir stellen vor       Quantum Trend Sniper Indicator   , der bahnbrechende MQL5-Indikator, der die Art und Weise, wie Sie Trendumkehrungen erkennen und handeln, verändert! Entwickelt von einem Team erfahrener Händler mit über 13 Jahren Handelserfahrung,       Quantum Trend Sniper-Indikator       wurde entwickelt, um Ihre Trading-Reise mit seiner innovativen Methode zur Identifizierung von Trendumkehrungen mit extrem hoher Genauigkeit auf ein neues Niveau zu heben. ***Kaufe Quantum Trend Snipe
Support Resistance Breakout MT4
Temitayo Lawal
5 (2)
Indikatoren
This indicator uses support and resistance, volume and some special formula to calculate the volume to filter the candles. 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. Signals appear when the current candle closes. then you can enter the trade when a new candle appears. Please don't forget to follow your money management plan. MT5 Version Support/Resistance Breakout MT5 :   https:
Volume by Price MT4
Brian Collard
4.71 (14)
Indikatoren
The Volumebyprice.com Indicator for MetaTrader 4 features Volume Profile and Market Profile TPO (Time Price Opportunity). Volume and TPO histogram bar and line charts. Volume Footprint charts. TPO letter and block marker collapsed and split structure charts. Static, dynamic and flexible range segmentation and compositing methods with relative and absolute visualizations. Session hours filtering and segment concatenation with Market Watch and custom user specifications. Graphical layering, posit
EZT Trend
Tibor Rituper
4 (1)
Indikatoren
Der EZT-Trendindikator zeigt Ihnen den Trend, den Rückzug und die Einstiegsmöglichkeiten. Optionale Filterung und alle Arten von Warnungen sind verfügbar. E-Mail- und Push-Benachrichtigungsbenachrichtigungen werden hinzugefügt. Wir entwickeln auch einen EA basierend auf diesem Indikator, der bald verfügbar sein wird. Es handelt sich um einen multifunktionalen Indikator, der aus zwei Farbhistogrammen und einer Linie besteht. Es handelt sich um eine visuelle Darstellung der Richtung und Stärke
Perfect Trend Hit
Mohit Dhariwal
Indikatoren
30% DISCOUNT ! DISCOUNT ! DISCOUNT ONLY FOR 5 USERS at125$ valid for 1 day only.Grab it The PERFECT TREND HIT creates   BUY and SELL  perfect trend   arrow signals based on ADX EMA AND RSI And all filters inbuilt with accurate trend entries. Furthermore, the indicator and template display the trend direction, strength, and trade recommendation for independent price charts. ROCK WITH THE TREND Moreover, it shows the final trade recommendation to BUY or SELL with all filters and displays that info
Automated Actual Support Resistance A2SR
Yohana Parmi
4.86 (64)
Indikatoren
A. Was ist A2SR ?   * Es ist ein führender technischer Indikator (kein Repaint, kein Verzögern). -- Orientierungshilfe : -- unter  https://www.mql5.com/en/blogs/post/734748/page4#comment_16532516 -- und  https://www.mql5.com/en/users/yohana/blog A2SR verfügt über eine spezielle Technik zur Bestimmung der Unterstützungsniveaus (Nachfrage) und des Widerstands (Angebot). Im Gegensatz zu der gewöhnlichen Methode, die wir im Internet gesehen haben, hat A2SR ein originelles Konzept zur Bestimmung d
Gold Channel XAUUSD
Paulo Rocha
5 (2)
Indikatoren
Gold Channel is a volatility-based indicator, developed with a specific timing algorithm for the XAUUSD pair, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the theory of the channel is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel it is a tra
Enigmera
Ivan Stefanov
5 (4)
Indikatoren
ENIGMERA: Der Kern des Marktes https://www.enigmera.com Einführung Dieser Indikator und dieses Handelssystem sind ein bemerkenswerter Ansatz für die Finanzmärkte. ENIGMERA nutzt die fraktalen Zyklen zur genauen Berechnung von Unterstützungs- und Widerstandsniveaus. Er zeigt die echte Akkumulationsphase an und gibt Richtung und Ziele vor.  Ein System, das funktioniert, egal ob wir uns in einem Trend oder in einer Korrektur befinden.  Wie funktioniert es? ENIGMERA besteht aus drei Linien: der
All in One Trade
Alexey Minkov
4.48 (27)
Indikatoren
The All-in-One Trade Indicator (AOTI) determines daily targets for EURUSD, EURJPY, GBPUSD, USDCHF, EURGBP, EURCAD, EURAUD, AUDJPY, GBPAUD, GBPCAD, GBPCHF, GBPJPY, AUDUSD, and USDJPY. All other modules work with any trading instruments. The indicator includes various features, such as Double Channel trend direction, Price channel, MA Bands, Fibo levels, Climax Bar detection, and others. The AOTI indicator is based on several trading strategies, and created to simplify market analysis. All-in-One
Smart Order Block Indicator
Aditya Jayswal
5 (5)
Indikatoren
Please send me Direct message on MQL5 CHAT after purchasing the Indicator for Training and Installation Support There are some additional files that is important to use with the Indicator . So be sure to contact me after purchasing the Indicator So that I can add you for training and support . If you find any difficulty with installation then send me Direct message here So that I can connect with you via Anydesk or Teamview for the product installation. " Smart Order Block Indicator " to find
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Levels for MT5 by OptionClue
Alexander Mihaylenko
5 (1)
Indikatoren
The Levels indicator has been created to simplify the process of plotting support and resistance levels and zones on selected timeframes. The indicator plots the nearest levels of the selected timeframes, which are highlighted in different colors. It significantly reduces the time needed to plot them on the chart and simplifies the market analysis process. Horizontal support and resistance levels are used to identify price zones where the market movement can slow down or a price reversal is like
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