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Strongest Level

Description

Strongest Level is an indicator that automatically plots the nearest levels of strongest resistance and support in the main chart based on prices of the current timeframe.

Repeated usage of the indicator with various number of bars creates a system of support and resistance!

The indicator calculates and plots levels based on number of bars set by the user. It is recommended to set numbers from a golden ratio according to Fibonacci (13, 21, 34, 55, 89, 144, 233, 377, 610 etc.).

Users can define the colors of the levels.

At the request of the user, the indicator can show the levels with different ways of display and info (see Input Parameters).

Enclosed video demonstrates operation of the indicator based on the example of levels by number of settlement bars 13, 55 and 89.

Purpose

The indicator can be used for manual or automated trading as part of an Expert Advisor. For automated trading, use the indicator buffer of double type:

  1. Level value - buffer 0, must not be equal to zero.

Input Parameters

  1. Bars_Number - number of bars.
  2. Line_Type - type of the line:
    • horizontal line (unlimited).
    • line long by number of bars (limited).
  3. Style - style of the line:
    • solid line (by default).
    • dashed line.
    • dotted line.
    • dashed and dotted line.
    • dashed and double dotted line.
  4. Width - width of the line.
  5. Line_Color - color of the line.
  6. Symbol_Right_Price - flag for setting Symbol_Right_Price.
  7. Screen_Info - flag for information about number of bars.

Recommendations

The product can be successfully used with other indicators, such as Keltner Channel + Heiken Ashi, Price Channel, Impulse Systems, etc.





























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5 (17)
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Lukas Roth
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The product will copy all  Discord  signal   to MT4   ( which you are member  ) , also it can work as remote copier.  Easy to set up. Work with almost signal formats, support to translate other language to English Work with multi channel, multi MT4. Work with Image signal. Copy order instant, auto detect symbol. Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. How to setup and guide: Let read all details about setup and download Discord To MetaTrade
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Haidar, Lionel Haj Ali
5 (9)
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Version 1.23 2020.03.24
Updating and interface improvement