Simple Gold Level Signal Indicator

Simple Gold Level Signal Indicator

The Simple Gold Level Signal Indicator is designed for XAUUSD (Gold) traders who want important market levels and clear directional signals directly on the chart.

Instead of filling the chart with unnecessary indicators, it focuses on key price areas from higher timeframes and displays them directly on your trading chart.

Main Features

  • H1 and H4 Support & Resistance Levels

  • Automatically selects the most important levels

  • Displays higher-timeframe levels directly on the lower-timeframe chart

  • Separate support and resistance visualization

  • Uses previous-day and older levels

  • Number of displayed levels can be adjusted

  • Fibonacci levels included

  • Fibonacci values are fully customizable

  • Fibonacci direction follows the market direction

  • Configurable US Open time

  • Two configurable signal times per day

  • Morning and afternoon/evening signals

  • Signals stay fixed at the selected time and do not move afterward

  • Clear LONG TO R and SHORT TO R signals

  • Signal direction is based on the visible resistance levels

  • Historical levels and signals are displayed for easier chart analysis

  • Designed especially for Gold / XAUUSD

  • Works well on M5, while using H1 and H4 information

Signal Logic

At the configured signal time, the indicator compares the current Gold price with the relevant visible resistance levels.

Red resistance above the current price → LONG TO R

Red resistance below the current price → SHORT TO R

The idea is simple: identify where an important higher-timeframe level is located and show the direction toward that level.

A second signal time can also be configured, for example 17:30, allowing you to analyze a separate trading opportunity later in the day.

Fibonacci Levels

The indicator also includes customizable Fibonacci levels.

You can enter your own values, for example:

50 / 100 / 127.2 / 161.8 / 200 / 300 / 400

The Fibonacci projection automatically adjusts its direction depending on the price movement.

Customizable Settings

You can individually configure H1/H4 levels, historical days, number of support and resistance levels, Fibonacci levels, US Open time, signal times, line widths, labels and other display options.

Important

This indicator is a trading and analysis tool. It does not guarantee profitable trades and should not be considered financial advice.

Always test the indicator on a demo account and determine whether the signals and settings are suitable for your own trading style before using it in live trading.


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