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Price M42 limited

5

A comprehensive tool for determining the levels of support, resistance, reversals in relation to trading sessions. The indicator's thesis can be expressed as follows:

"Support and resistance levels are undoubtedly formed by the psychological barriers of market participants, and influence the further behavior of the price. But these barriers are different for different groups of traders (One man's meat is another man's poison) and can be grouped by territory or by the trading time".

Following the thesis, the indicator detects levels and processes data separately for three trading sessions: Asian (including Pacific), European and American.

The User Manual of the indicator is located on the discussion page of the full version.

The indicator contains the following subsystems, which can be used either independently or in any combination:

  • Period Marks: Candles of trading sessions - group and display the data of each trading session in the form of a Japanese candle. Candles can be used for pattern analysis or to visually identify the signal source.
  • Price Marshes: Support and Resistance Levels - displays support/resistance levels in the form of a gradient field of horizontal lines, the color of which depends on the trading sessions in which this level occurred. The color density is directly related to the number of confirmations of this level. The periods of the level sources can be selected from the range "M1" to " W1".
  • Proximate Missions: Nearest targets - displays the value of the two nearest levels from the top and bottom to the right of the last bar. Levels are filtered by the current trading sessions (levels of inactive trading sessions are not displayed) from the Price Marshes data.
  • Periods Meters: Timers of trading sessions - displays the status of trading sessions and the time before their start/end.
  • Predator Mask - controls the display of sessions in the above tools, allowing you to view data only for selected (or excluding selected) trading sessions.

Inputs

The indicator uses the only input parameter Analysis depth (days). Other settings and mode changes are made via the screen interface of the indicator.

  • Analysis depth (days) - depth of analysis in days.  
Default settings (they will also be used in the tester): Autotracking is on; Candles, Marshes, Timers and Targets are on; Narrow mode; data source timeframe is equal to the chart timeframe.

Trading sessions

The indicator uses the following parameters of trading sessions:

Trading sessionSession time (GMT)Color on the chart
Asian + Pacific9.00 pm - 9.00 amGreen
European6.00 am - 4.00 pmBlue
American12.00 am - 10.00 pmRed
The offset of server time is determined automatically. 

System messages

  • Time shift detecting ... - defines the offset of the server time.
  • [ Symbol ] [ Period ]: history loading ... - additional story is loaded when changing the indicator modes. If this message does not disappear within a reasonable time, reduce the value of the "Analysis depth (days)" input parameter.
  • Session candels for [Period] period are not provided - impossible to build candles on the selected period of the chart.
  • Untrusted price area! - prices are unknown: the price is near the boundaries of the analyzed range. Indications unreliable.
Note! This version works only with Canadian dollar (***CAD) in any pairs. The indicator can be launched on any other symbol but some of its features will be unavailable depending on the date. The full version is located here.
Reviews 1
Biknys
74
Biknys 2019.02.23 03:40 
 

Спасибо автор. Очень удобный индикатор.

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Introducing   Quantum Breakout PRO , the groundbreaking MQL5 Indicator that's transforming the way you trade Breakout Zones! Developed by a team of experienced traders with trading experience of over 13 years,   Quantum Breakout PRO   is designed to propel your trading journey to new heights with its innovative and dynamic breakout zone strategy. Quantum Breakout Indicator will give you signal arrows on breakout zones with 5 profit target zones and stop loss suggestion based on the breakout b
Easy Breakout MT5
Mohamed Hassan
5 (3)
After your purchase, feel free to contact me for more details on how to receive a bonus indicator called VFI, which pairs perfectly with Easy Breakout for enhanced confluence!     Easy Breakout MT5   is a powerful price action trading system built on one of the most popular and widely trusted strategies among traders: the   Breakout strategy ! This indicator delivers crystal-clear Buy and Sell signals based on breakouts from key support and resistance zones. Unlike typical breakout indicators
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The indicator measures the frequency of incoming ticks to analyze the market activity. Bullish and bearish ticks are analyzed separately, informing about the currently predominant market sentiment. According to observations, an increase in the frequency of ticks (panic) indicates the beginning of strong price changes, and an increase in the frequency of ticks in a particular direction not only accompanies a price change in this direction, but also often anticipates it. The indicator is indispens
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SpreadMeter OGT Free
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The indicator shows the current spread of the symbol, the minimum, average and maximum values for the current bar in the form of digital, analog and graphic indicators. Has two modes of operation: fixing the system spread, or calculating the spread as the difference between the "Bid" and "Ask" prices on each incoming tick. Parameters  The indicator has a single input parameter: Type of calculation  - type of spread calculation. It can take the following values:  System spread  - the spread value
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The indicator measures and displays the difference in the number of "Bid" and "Ask"  prices changes in the form of digital, analog and graphic indicators. Designed for market research and for determine the moments of position closing during scalping trade with H1 or less timeframe. Use with bigger timeframe is not prohibited, but it is not informative because of a large number of accumulated values. Theory "Bid" and "Ask" prices do not change simultaneously for most symbols. Often you can see ho
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This is a decorative utility that replaces the standard marks of completed deals with "Kingdom Come: Deliverance" game style markers. In addition to the graphic display of the price and time of the transaction, the notes also contain a textual representation of the transaction volume. Running utility Drag the utility from the Navigator window to the desired graph. The utility does not use input parameters and does not require configuration. All trademarks available on the chart will be replaced
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Pm 42
Dmitriy Gurenko
A   comprehensive tool for determining the levels of support, resistance, reversals in relation to trading sessions. The indicator's thesis can be expressed as follows: "Support and resistance levels are undoubtedly formed by the psychological barriers of market participants, and influence the further behavior of the price. But these barriers are different for different groups of   traders ( One man's meat is another man's poison ) and  can be grouped by territory or by the trading time ". Follo
Panic Meter
Dmitriy Gurenko
The indicator measures the frequency of incoming ticks to analyze the market activity. Bullish and bearish ticks are analyzed separately, informing about the currently predominant market sentiment. According to observations, an increase in the frequency of ticks (panic) indicates the beginning of strong price changes, and an increase in the frequency of ticks in a particular direction not only accompanies a price change in this direction, but also often anticipates it. The indicator is indispens
The indicator measures and displays the difference in the number of "Bid" and "Ask"  prices changes in the form of digital, analog and graphic indicators. Designed for market research and for determine the moments of position closing during scalping trade with H1 or less timeframe. Use with bigger timeframe is not prohibited, but it is not informative because of a large number of accumulated values. Theory "Bid" and "Ask" prices do not change simultaneously for most symbols. Often you can see ho
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Biknys
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Biknys 2019.02.23 03:40 
 

Спасибо автор. Очень удобный индикатор.

[Deleted] 2019.01.14 07:04 
 

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Version 1.3 2018.09.07
- Fixed error of automatic detection of server time offset in case the broker uses prefixes or suffixes in the names of symbols.
- All modes are now disabled by default.