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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.


İncelemeler 1
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ursina 2021.12.28 08:59 
 

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İki osilatörün birleşimi. Birincisi giriş noktalarını, ikincisi ise mevcut trendi gösterir. Gösterge, osilatör sinyallerini iki modda oklarla görüntüleyebilir; tüm hızlı osilatör sinyalleri veya yalnızca mevcut trend yönündeki sinyaller. Çok zaman dilimli bir panele ve üç tür sinyal bildirimine sahiptir. Faydalar: Günlük ve scalping ticaretine uygundur Trend filtreleme Basit ve hassas kurulum Çoklu zaman dilimi paneli Bir danışmana entegrasyona uygundur. Herhangi bir sembol ve herhangi bir zama
Black dragon indicator
Ramil Minniakhmetov
4.85 (110)
Göstergeler
Trend algılama göstergesi, herhangi bir stratejiyi tamamlayacak ve bağımsız bir araç olarak da kullanılabilir. ÖNEMLİ! Talimatları ve bonusu almak için satın aldıktan hemen sonra benimle iletişime geçin! Göstergeyle çalışmak için öneriler, yorum #5'ten indirebilirsiniz. Avantajlar Kullanımı kolay, tabloyu gereksiz bilgilerle doldurmaz; Herhangi bir strateji için filtre olarak kullanabilme; Hem kar elde etmek hem de zararları durdurmak için kullanılabilen yerleşik dinamik destek ve diren
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Georgios Kalomoiropoulos
5 (16)
Göstergeler
Trend çizgileri, forex ticaretinde en önemli teknik analiz aracıdır. Ne yazık ki, çoğu tüccar onları doğru şekilde çizmez. Otomatik Trend Çizgileri göstergesi, piyasaların trend hareketini görselleştirmenize yardımcı olan ciddi tüccarlar için profesyonel bir araçtır. İki tür Trend Çizgisi, Boğa Trend Çizgisi ve Ayı Trend Çizgisi vardır. Yükseliş trendinde, Forex trend çizgisi, fiyat hareketinin en düşük salınım noktalarından geçer. En az iki "en düşük düşük"ü birleştirmek, bir trend çiz
Best Currency Strength Indicator
Tumelo Patrick Rakotsoane
4.59 (46)
Göstergeler
Advanced Currency Strength Indicator The Advanced Divergence Currency Strength Indicator. Not only it breaks down all 28 forex currency pairs and calculates the strength of individual currencies across all timeframes , but, You'll be analyzing the WHOLE forex market in 1 window (In just 1 minute) . This indicator is very powerful because it reveals the true movements of the market.  It is highly recommended to  analyze charts knowing the performance of individual currencies or the countries ec
Indicator Combine Merge by RunwiseFX
Runwise Limited
4.92 (12)
Göstergeler
Allows multiple indicators to be combined into a single indicator, both visually and in terms of an alert. Indicators can include standard indicators, e.g. RSI, CCI, etc., and also Custom Indicators, even those purchased through Market, or where just have the ex4 file. An early alert is provided, say when 4 out 5 indicators have lined up, and a confirmed alert when all are in agreement. A‌lso features a statistics panel reporting the success of the combined indicator by examining the current cha
TrendfollowerSR
Paul Reymkhe
4.88 (90)
Göstergeler
Take Your Trading Experience To the Next Level ! and get the exclusive TFSR-Analyzer for free !    So you have all these outstanding features  on up to 20 symbols and all timeframes in a smart and clear Design. Correct identification of the trends  in stock investments are pivotal and TrendFollowerSR ensures this perspective while displaying the correct trend on multiply timeframes to help you go long way as much as possible. The latest technology of the Indicator enables to track whether if
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Abdullah Alrai
4.65 (49)
Göstergeler
Bu gösterge, manuel ve otomatik yöntemlerle çizilen harmonik desenleri algılar. Kullanım kılavuzuna şu bağlantıdan erişebilirsiniz: İncelemenizi ekleyin ve ürünü almak için bizimle iletişime geçin. Bu ürünü mt4'te denemek için ücretsiz bir sürümü vardır. Gartley ve Nenstar desenlerini algılamak için kullanabilirsiniz: https://www.mql5.com/en/market/product/30181 Tam MT4 sürümünü şuradan satın alabilirsiniz: https://www.mql5.com/en/market/product/15212 Notlar Gösterge kontrol paneline sahiptir ve
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Vahidreza Heidar Gholami
5 (2)
Göstergeler
MetaBands uses powerful and unique algorithms to draw channels and detect trends so that it can provide traders with potential points for entering and exiting trades. It’s a channel indicator plus a powerful trend indicator. It includes different types of channels which can be merged to create new channels simply by using the input parameters. MetaBands uses all types of alerts to notify users about market events. Features Supports most of the channel algorithms Powerful trend detection algorith
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Vahidreza Heidar Gholami
4.17 (6)
Göstergeler
Royal Scalping Indicator is an advanced price adaptive indicator designed to generate high-quality trading signals. Built-in multi-timeframe and multi-currency capabilities make it even more powerful to have configurations based on different symbols and timeframes. This indicator is perfect for scalp trades as well as swing trades. Royal Scalping is not just an indicator, but a trading strategy itself. Features Price Adaptive Trend Detector Algorithm Multi-Timeframe and Multi-Currency Trend Low
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Bernhard Schweigert
4.87 (30)
Göstergeler
ŞU ANDA %20 INDIRIMLI! Herhangi bir Acemi veya Uzman Tüccar için En İyi Çözüm! Bu Gösterge, Egzotik Çiftler Emtialar, Endeksler veya Vadeli İşlemler gibi herhangi bir sembol için para birimi gücünü göstermek için uzmanlaşmıştır. Türünün ilk örneğidir, Altın, Gümüş, Petrol, DAX, US30, MXN, TRY, CNH vb. gerçek para birimi gücünü göstermek için 9. satıra herhangi bir sembol eklenebilir. Bu benzersiz, yüksek kaliteli ve uygun fiyatlı bir ticaret aracıdır çünkü bir dizi tescilli özelliği ve yeni
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Ramon Sobrevals Arce
3.33 (3)
Göstergeler
Automatically scans the chart to find Harmonic Patterns, and give you the chance to enter early in good operations. Also if selected, it will alert you in advance when future patterns appears, showing you a projection of a posible future pattern. The main goal  for this algorithm is to determine with high precision the moment when a trend ends and a new one begins. Giving  you the best price within a reversal.   We have added the "Golden Trade", we define it as the perfect order: For those orde
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Alexey Minkov
4.48 (27)
Göstergeler
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
MetaTrend M4
Vahidreza Heidar Gholami
Göstergeler
Meta Trend Indicator is an efficient way to forecast and detect the trend in any market. It reveals the trend, support and resistance levels, volatility and the maximum potential target, all in one indicator. To adapt to the price and to decrease consecutive trend failures, the internal trend detector algorithm studies the market and dynamically chooses the right values for the internal parameters. This indicator is a perfect trend filter for any strategy or expert advisor. Features Super Adapti
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Stefano Frisetti
5 (3)
Göstergeler
note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.4 TRENDMAESTRO recognizes a new TREND in the bud, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these data a
PZ Candlestick Patterns
PZ TRADING SLU
Göstergeler
Identify over 30 candlestick patterns with precision Special Offer: Purchase now to receive free bonuses worth $60! (Read more for details) This indicator recognizes over 30 Japanese Candlestick Patterns and highlights them beautifully on the chart. It is simply one of those indicators price action traders can't live without. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Boost your technical analysis overnight Detect japanese candlestick patterns easily Trade r
Beast Indicator V7
Mohamed Ahmed Sh Muhumed
Göstergeler
Step into the future of automated trading with the Beast Indicator V7, The indicator allows you to trade binary options. T his indicator give high winning ratio with over 20 years of backtesting  an unparalleled tool that seamlessly transforms your trading journey into an effortless and lucrative venture. Designed to simplify and optimize the trading process, the Beast Indicator is the ultimate game-changer, offering a hassle-free experience that allows you to set your buy and sell options effo
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