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MagicLevels

5

Magic Levels for MT4 by Jeanne Soft

The Magic Levels indicator was created to solve three important tasks of successful trading:

1) construction of the nearest support and resistance levels for the selected timeframe,

2) timely identification of situations when the instrument is overbought or oversold,

3) indication of the probable trend reversal points.

The indicator allows you to significantly save time analyzing the current situation on the selected instrument and contributes to making the right decision on the entry point of the deal.

In the area of horizontal levels there is often a slowdown of movement or market reversal. The Magic Levels indicator allows determining the best market exit points (for setting take profit and stop loss orders) and also entry points when the price rebounds from a higher timeframe level.

The colors of the price zone and the lines highlighting the upper and lower boundaries of the levels can be changed in the settings. Levels of higher timeframes are also displayed on smaller ones. This allows you to see the most important levels without switching between timeframes.

Main advantages of the indicator

  • Versatility - levels work for any markets and timeframes.
  • Ease of use - most of the indicator settings are color-coded.
  • Absolute - unlike many indicators (RSI, Moving Average, Stochastic, etc.) Magic Levels is created based on price, not derived from it.

How levels are built

Experienced traders know that horizontal support and resistance levels have been used in trading for decades. These levels work and will work because traders think they should work and use them in their trading strategies. Levels are built based on candlestick patterns that appear at local market reversal points. They are versatile and do not require adjustments to historical data. The levels of the higher timeframes are displayed on the smaller ones. This allows you to see the most important levels without switching between timeframes.

Indicator settings

  • UseNarrowBands (True/False) – Use narrow support and resistance zones.
  • KillRetouch – This setting will delete previous supply and demand levels after they have been touched more than twice. This is because the more number of times a supply and demand area has been tested, the less significant it becomes.
  • PriceMarkColor – Color indication of current price label.
  • PriceLineWidth – Thickness of the line displaying the current price level.
  • WavePeriod – Wave Indicator calculation period (in bars). It is best to select it for a specific instrument.
  • AvgPeriod – Averaging period: the larger it is, the smoother the indicator lines will be.
  • SoundAlert – True/False, turn on/off the buzzer when circles (pivot points) appear.
  • EmailAlert – Notification of trading signals to the e-mail (the e-mail address you specified when you opened an account with the broker is used).

 

If you have any questions or suggestions you can always contact me via chat.


Bewertungen 1
ursina
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ursina 2021.12.28 08:59 
 

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Mehran Sepah Mansoor
5 (2)
Indikatoren
Dieses Dashboard zeigt die neuesten verfügbaren harmonischen Muster für die ausgewählten Symbole, so dass Sie Zeit sparen und effizienter sein werden / MT5-Version . Kostenloser Indikator: Basic Harmonic Pattern Spalten des Indikators Symbol: die ausgewählten Symbole werden angezeigt Trend: bullish oder bearish Pattern : Art des Musters (Gartley, Schmetterling, Fledermaus, Krabbe, Hai, Cypher oder ABCD) Entry : Einstiegskurs SL: Stop-Loss-Kurs TP1: 1. Take-Profit-Kurs TP2: 2. Gewinnmitnah
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Guner Koca
Indikatoren
norepaint buy sell indicator is norepaint indicator.and works all pairs and all timeframes. using is wery simple ,it puts arrow on price probably buy sell arrows. thise indicator is suitable for beginner and experienced traders. there is cnt numbers that show how many bars you see the signal back. increasing it possible but up to chart have the how many bars . minimum value of this 500.
Accurate Support And Resistance LeveL
Karto Hartono
Indikatoren
SNR LEVEL INDICATOR Accurate Snr level indicator will only display Fresh Levels that are close to the Current Market Price. This indicator is very accurate in mapping Support & resistance levels. there is an alert feature when the price TOUCHES the SNR LEVEL, WHEN CLOSE CANDLE BREAK/REJECT SNR LEVEL. INDICATOR MARKING :: - SUPPORT LEVEL == V SHAPE - RESISTANCE LEVEL == APEX LEVEL - GAP RESISTANCE & GAP SUPPORT == OPEN CLOSE CANDLE - SUPPORT BECAME RESISTANCE & RESISTANCE BECAME SUPPORT INDIC
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Bernhard Schweigert
4.56 (9)
Indikatoren
Dieser Indikator ist eine hervorragende Kombination aus unseren 2 Produkten Advanced Currency IMPULSE with ALERT  +   Currency Strength Exotics . Es funktioniert für alle Zeitrahmen und zeigt grafisch Impulse der Stärke oder Schwäche für die 8 wichtigsten Währungen plus ein Symbol! Dieser Indikator ist darauf spezialisiert, die Beschleunigung der Währungsstärke für beliebige Symbole wie Gold, Exotische Paare, Rohstoffe, Indizes oder Futures anzuzeigen. Als erster seiner Art kann jedes Sym
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Georgios Kalomoiropoulos
5 (17)
Indikatoren
Trendlinien sind das wichtigste Werkzeug der technischen Analyse im Devisenhandel. Leider zeichnen die meisten Händler sie nicht richtig. Der automatische Trendlinien-Indikator ist ein professionelles Tool für ernsthafte Trader, das Ihnen hilft, die Trendbewegung der Märkte zu visualisieren. Es gibt zwei Arten von Trendlinien Bullische Trendlinien und Bärische Trendlinien. Im Aufwärtstrend wird die Forex-Trendlinie durch die niedrigsten Swing-Punkte der Preisbewegung gezogen. Wenn man m
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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
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Libertas LLC
1 (2)
Indikatoren
"The Squeeze indicator attempts to identify periods of consolidation in a market. In general the market is either in a period of quiet consolidation or vertical price discovery. By identifying these calm periods, we have a better opportunity of getting into trades with the potential for larger moves. Once a market enters into a "squeeze," we watch the overall market momentum to help forecast the market direction and await a release of market energy." Modified TTM Squeeze Indicator is a modifica
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Yury Orlov
4.7 (225)
Indikatoren
Dies ist ein Indikator für MT4, der genaue Signale für den Einstieg in einen Handel ohne Repainting (Neuzeichnen) liefert. Er kann auf alle Finanzwerte angewendet werden: Forex, Kryptowährungen, Metalle, Aktien, Indizes. Er liefert ziemlich genaue Schätzungen und sagt Ihnen, wann es am besten ist, eine Position zu eröffnen und zu schließen. Sehen Sie sich das Video (6:22) mit einem Beispiel für die Verarbeitung nur eines Signals an, das sich für den Indikator gelohnt hat! Die meisten Händler ver
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Abdullah Alrai
5 (4)
Indikatoren
Natürlich, hier ist die Übersetzung in Deutsch: Vorstellung des Astronomie-Indikators für MT4: Dein ultimativer himmlischer Trading-Begleiter Bist du bereit, deine Trading-Erfahrung auf himmlische Höhen zu heben? Suche nicht weiter als unseren revolutionären Astronomie-Indikator für MT4. Dieses innovative Tool übertrifft herkömmliche Trading-Indikatoren und nutzt komplexe Algorithmen, um dir unvergleichliche astronomische Einblicke und präzise Berechnungen zu bieten. Ein Universum an Information
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Young Ho Seo
4 (4)
Indikatoren
Ace Supply Demand Zone Indicator The concept of supply demand relies on the quantity mismatching between buying and selling volumes in the financial market. Supply and demand zone can provide the good entry and exit. A zone is easier to trade than a line. The supply demand zone can provide the detailed trading plan and the risk management. Its ability to predict market direction is high. There are two distinctive points about Ace Supply Demand Zone Indicator. Ace Supply Demand Zone indicator was
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Dustin Vlok
4.76 (101)
Indikatoren
Suchen Sie nach einem leistungsstarken Indikator für den Devisenhandel, der Ihnen dabei helfen kann, profitable Handelsmöglichkeiten mit Leichtigkeit zu erkennen? Suchen Sie nicht weiter als das Beast Super Signal. Dieser benutzerfreundliche trendbasierte Indikator überwacht kontinuierlich die Marktbedingungen, sucht nach neuen sich entwickelnden Trends oder springt auf bestehende Trends ein. Das Beast Super Signal gibt ein Kauf- oder Verkaufssignal, wenn alle internen Strategien aufeinander ab
Auswahl:
ursina
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ursina 2021.12.28 08:59 
 

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