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GENE SWING FOREX LEVELS MT5

FEATURES

GENE SWING FOREX LEVELS MT5 is an indicator used to calculate the support and resistance points in all time frame using the hidden proportions inside the first swing up after a down trend or the first swing down after an up trend.


PARAMETERS

  1. First click on low and second click on high ;
  2. Starting from length of swing, 4 levels are mathematically defined;

    There are 4 different levels:

    • Resistance from Low;
    • Support from Low;
    • Resistance from High;
    • Support from High;

  3. Length of swing is increased by multiplicative factor 10 - 100 - 1000 - 10000
  4. Factor 10000 is only used for 1 minute charts all other factor are good for all time frames.


INSTRUCTIONS FOR USE
  1. In the indicator's input box, select the multiplier 1000 to have the first price level on all time frames;
  2. To view the price levels, click on the first swing up AFTER down trend OR first swing down AFTER up trend;
  3. If the price exceeds the second level of the multiplier 1000, then apply at the same swing the multiplier 100.


OTHER

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