Levels HighLow 2TF

4

The indicator shows the High and Low levels of candles for timeframes selected in the settings.

It is recommended to use it on smaller timeframes to determine the levels of higher timeframes.


Parameters

  • TYPE_LINE - type of the line (short based on the bar time, or long for the entire chart)
  • ============= TF 1 ============= block of lines for the first timeframe
  • TF_1 - timeframe of the first block of lines
  • Bars_1_from=1   - Bar of the beginning of the line of the corresponding Timeframe.
  • Bars_1_for=1   - Bar of the end of the line of the corresponding TimeFrame.
  • Color_1_High - color of the High lines
  • Color_1_Low - color of the Low lines
  • TYPE_LINE - type of the line (short based on bar, or long for the entire chart)
  • ============= TF 2 ============= block of lines for the second timeframe
  • TF_2 - timeframe of the second block of lines
  • Bars_2_from=1   - Bar of the beginning of the line of the corresponding Timeframe.
  • Bars_2_for=1   - Bar of the end of the line of the corresponding TimeFrame.
  • Color_2_High - color of the High lines
  • Color_2_Low - color of the Low lines
  • WIDTH_2_High - width of the High lines
  • WIDTH_2_Low - width of the Low lines


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This Expert Advisor is based on the famous Morning channel breakout strategy. At the appointed hour, the EA plots a channel using High and Low of the specified number of candles of the selected Timeframe . Filtering is performed by the size of the channel range. The BuyStop and SellStop orders with the initial lot are placed at the channel boundaries. If one of the pending orders triggers, the other one is deleted. The EA marks the Breakeven price on the chart with yellow icons. If the price pas
The principle of the LastDayLevels Expert Advisor is based on the breakout of levels of the channel formed by the High and Low prices of the previous day. The EA has flexible settings, which allow modifying the parameters and the logic of this strategy in a wide range. It is possible to trade both the channel breakout , and the channel rebound . It possible to switch between working based on the Current or Closed bar. It is possible to enable/disable the lot increase when a trade is unprofitable
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Vance Fill
197
Vance Fill 2024.05.31 03:21 
 

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CodeFaceCrunch
331
CodeFaceCrunch 2021.12.16 17:28 
 

Simple but useful.

Gennadiy Voltornist
11909
Gennadiy Voltornist 2017.08.25 21:19 
 

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Erdinç Yıldız
539
Erdinç Yıldız 2017.06.22 23:18 
 

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