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KeyLevels Pro

The KeyLevels Pro indicator is a powerful tool designed to identify significant support and resistance levels based on pivot highs and lows in the price action. This indicator is perfect for traders who rely on market structure and key price levels to make informed trading decisions. It features customizable parameters, automatic detection of pivot points, and visual representation of key levels with optional labels.

Features

  • Pivot Detection: Automatically detects pivot highs and lows based on customizable look-back and look-forward periods.
  • Adaptive Zones: Creates support and resistance zones based on Average True Range (ATR), making them adaptive to market volatility.
  • Visual Representation: Draws zones and lines directly on the chart for easy visualization of key levels.
  • Customizable Colors: Allows users to customize the colors of support lines, resistance lines, and zone borders for better visual clarity.
  • Level Labels: Optional display of price labels for key levels, aiding quick identification.
  • Works on All Timeframes: Suitable for use on any timeframe, from one-minute charts to monthly charts.
  • Efficient Calculation: Designed to handle up to 1000 bars back, ensuring efficient performance without slowing down the terminal.

How It Works

  1. Initialization: When the indicator is initialized, it sets up the indicator properties and prepares for calculation.

  2. OnCalculate Function: The main function that iterates over the chart data to detect pivot points, create zones, and draw support/resistance lines.

    • Pivot Detection: Checks for pivot highs and lows within the specified look-back (LookLeft) and look-forward (LookRight) periods.
    • Zone Creation: For each detected pivot, a support or resistance zone is created. The width of these zones is based on the ATR, making them dynamic according to market conditions.
    • Line Creation: For each detected pivot, a support or resistance line is also created.
    • Zone Merging: Merges nearby zones to simplify the chart and highlight the most significant areas.
    • Drawing Zones and Lines: Draws the zones and lines on the chart, applying the specified colors and styles. Labels are optionally added if enabled.

  3. Custom Functions:

    • ClearChartObjects: Removes existing chart objects to prevent clutter.
    • AddZone: Adds a new support or resistance zone.
    • AddLine: Adds a new support or resistance line.
    • SortZonesByStartIndex: Sorts zones by their start index to prepare for merging.
    • MergeZones: Merges overlapping or nearby zones.
    • DrawMergedZones: Draws the merged zones on the chart.
    • DrawSupportResistanceLines: Draws the support and resistance lines on the chart.

Parameters (I have saved set file I can share which has less clutter but you can adjust these parameters to suit your trading style)

  • LookLeft: Number of bars to look back for detecting pivots.
  • LookRight: Number of bars to look forward for detecting pivots.
  • ATRLength: Length of the ATR calculation for zone width.
  • ZoneWidthATR: Multiplier for the ATR to determine zone width.
  • ShowLevelLabels: Option to show or hide price labels for key levels.
  • MaxBarsBack: Maximum number of bars back to calculate pivots.
  • DetectPivotHighs: Enable or disable detection of pivot highs.
  • DetectPivotLows: Enable or disable detection of pivot lows.
  • SupportLineColor: Color for support lines.
  • ResistanceLineColor: Color for resistance lines.
  • LabelColor: Color for level labels.
  • BullBorderColor: Border color for bullish zones.
  • BearBorderColor: Border color for bearish zones.
  • BullBgColor: Background color for bullish zones.
  • BearBgColor: Background color for bearish zones.

Usage

  1. Attach to Chart: Attach the indicator to any chart and configure the parameters as desired.
  2. Observe Key Levels: Watch as the indicator automatically identifies and displays key support and resistance levels, adapting to market conditions in real-time.

Benefits

  • Improved Trading Decisions: Clearly identified key levels help traders make better entry and exit decisions.
  • Customizable: Tailor the indicator settings to match your trading style and preferences.
  • Visual Clarity: Easily identify significant price levels and zones with the customizable visual representation.
  • Versatile: Effective on all timeframes, making it suitable for both short-term and long-term trading strategies.

Ideal For

  • Traders who rely on market structure and key price levels.
  • Those looking to enhance their technical analysis with dynamic support and resistance zones.
  • Traders who appreciate a clean and customizable chart setup.

Start using the KeyLevels Pro indicator today to elevate your trading strategy and gain a better understanding of market dynamics through critical support and resistance levels.


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Introducing   Quantum Trend Sniper Indicator , the groundbreaking MQL5 Indicator that's transforming the way you identify and trade trend reversals! Developed by a team of experienced traders with trading experience of over 13 years,   Quantum Trend Sniper Indicator   is designed to propel your trading journey to new heights with its innovative way of identifying trend reversals with extremely high accuracy. ***Buy Quantum Trend Sniper Indicator and you could get Quantum Breakout Indicator fo
GOLD Impulse with Alert
Bernhard Schweigert
4.56 (9)
Indicators
This indicator is a super combination of our 2 products  Advanced Currency IMPULSE with ALERT  and  Currency Strength Exotics . It works for all time frames and shows graphically impulse of strength or weakness for the 8 main currencies plus one Symbol! This Indicator is specialized to show currency strength acceleration for any symbols like Gold, Exotic Pairs, Commodities, Indexes or Futures. Is first of its kind, any symbol can be added to the 9th line to show  true currency strength accelerat
ON Trade Optuma Astro
Abdullah Alrai
5 (4)
Indicators
This is an astronomy indicator for the MT4 platform like optuma program that performs a variety of functions. It uses complex algorithms to perform its own calculations, which are so accurate. The indicator has a panel that provides astronomical information such as planets' geo/heliocentric cords, distance of sun/earth, magnitude, elongation, constellation, ecliptic cords, equatorial cords, and horizontal cords depending on  the vertical line that generated by the indicator depend on the time va
Smart Order Block Indicator
Aditya Jayswal
5 (5)
Indicators
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
Smart Market Structure Concepts MT4
Jing Bo Wu
4.84 (63)
Indicators
ICT, SMC, SMART MONEY CONCEPTS, SMART MONEY, Smart Money Concept, Support and Resistance, Trend Analysis, Price Action, Market Structure, Order Blocks, BOS/CHoCH,   Breaker Blocks ,  Momentum Shift, Supply&Demand Zone/Order Blocks , Strong Imbalance, HH/LL/HL/LH,    Fair Value Gap, FVG,  Premium  &   Discount   Zones, Fibonacci Retracement, OTE, Buy Side Liquidity, Sell Side Liquidity, BSL/SSL Taken, Equal Highs & Lows, MTF Dashboard, Multiple Time Frame, BigBar, HTF OB, HTF Market Structure,  L
Smart Price Action Concepts
Issam Kassas
4.89 (9)
Indicators
First of all Its worth emphasizing here that this Trading Tool is Non-Repainting Non-Redrawing and Non-Lagging Indicator Which makes it ideal for professional trading . Online course, user manual and demo. The Smart Price Action Concepts Indicator is a very powerful tool for both new and experienced traders . It packs more than 20 useful indicators into one combining advanced trading ideas like Inner Circle Trader Analysis and Smart Money Concepts Trading Strategies . This indicator focuses on
SSM ZakopiecFX Follow The Trend
ROBERT URBANSKI
5 (19)
Indicators
This indicator I use with RENKO and RangeBar candle Discover the Secret to Successful Forex Trading with Our Custom MT4 Indicator! Have you ever wondered how to achieve success in the Forex market, consistently earning profits while minimizing risk? Here is the answer you've been searching for! Allow us to introduce our proprietary MT4 indicator that will revolutionize your approach to trading. Unique Versatility Our indicator is specially designed for users who prefer Renko and Rangebar candle
Currency Strength Exotics
Bernhard Schweigert
4.88 (33)
Indicators
CURRENTLY 20% OFF ! Best Solution for any Newbie or Expert Trader! This Indicator is specialized to show currency strength for any symbols like Exotic Pairs Commodities, Indexes or Futures. Is first of its kind, any symbol can be added to the 9th line to show true currency strength of Gold, Silver, Oil, DAX, US30, MXN, TRY, CNH etc. This is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. Imagine how your trading
TakePropips Donchian Trend Pro
Eric John Pajarillaga Aldana
4.82 (17)
Indicators
TakePropips Donchian Trend Pro  (MT4) is a powerful and effective tool that automatically detects the direction of the trend using the Donchian Channel and provides you with an entry and exit trading signals! This multi-function indicator includes a trend scanner, trading signals, statistical panel, screener, trading sessions, and alerts history dashboard. It is designed to provide you with trading signals and save you hours analyzing the charts! You can download the user manual and installation
ECM Channel MT4
Paulo Rocha
5 (1)
Indicators
ECM Elite Channel is a volatility-based indicator, developed with a specific time algorithm, 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 channel theory 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's a trading opportunity. The
TrendDecoder Premium
Christophe Pa Trouillas
5 (6)
Indicators
Identify ranges  | Get earliest signals of Trends  | Get clear exits before reversal  | Spot the Fibo levels the price will test Non-repainting, non-delayed indicator - ideal for manual and automated trading - for all assets and all time units $69   for launch - then back to >>   $149 After purchase,   please contact me on this channel   for recommended and personalised settings MT5   version:  Click here Get our full method with  BladeSCALPER  and   PowerZONES What is it about? TrendDECOD
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