Ticks To Levels

This indicator counts ticks and graphically displays the price levels, on which the greatest number of them was detected. Thus, it sufficiently accurately determines the levels of support and resistance. The indicator will be useful for traders who trade breakout or scalping strategies.


Features

Technical analysis provides several ways for finding levels of support and resistance. Ticks to Levels provides another, fairly accurate, way of determining these levels empirically. The criterion for determining this level is registration of the number of ticks exceeding the LevelCriteria threshold in the Delta interval (in points) from the current quotes per one candle of the current timeframe. The default parameters are set for EURUSD for brokers with 5-digits for timeframe H1 and rounding up to 5 points. For other currencies and periods with different accuracy parameters, you need to customize the Delta, TicksControl and LevelCriteria parameters yourself.

Remarks: The data collected by the indicator is not saved and will be lost when the terminal is overloaded or the time period on the chart changes. Therefore, it would be reasonable to manually mark the necessary levels with horizontal lines before turning off the terminal.


Options

  • Delta - number of points, within which the indicator counts ticks for a given level.
  • TicksControl - set the number of ticks, from which only one tick is recorded. If you reduce this parameter, the calculations will be more accurate, but the CPU load increases. An increase in this parameter leads to the reverse consequences.
  • LevelCriteria - set the threshold value for number of ticks registered near the key level price. If this number of ticks is exceeded, it is assumed that this price is level of support or resistance.
  • BandPatternName - name of the template progress bars that show the number of ticks.
  • BandColor - color of the progress bars showing the number of ticks.
  • BandCriticalColor - color of progress bars showing the number of ticks exceeding the value of the LevelCriteria parameter.
  • LinePatternName - name of the template price levels.
  • LineColor - color of price levels lines.
  • LineStyle - style of price levels lines.
  • LineWidth - width of price levels lines.
  • ClearBreakout - erase a level line after a breakout.
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The strategy of this Expert Advisor is based on the assumption that the price sooner or later will come out of range. You will make a profit regardless of the price direction. It is recommended to activate the EA in turbulent days or before the release of important news. Features You will  need  a broker with low spreads and fast execution of orders. Testing was conducted on the pair EURUSD. Recommended maximum order size is 0.01 lots for each $150. The EA can be placed on any chart and use it
Slippery Slope
Mikhail Kontsevoy
Grid Expert Advisor with floating step. The strategy of this EA is based on the main idea of trading - "Buy Low & Sell High". Pending orders "slip" behind the price in order to open a buy or sell order at an optimal price. The EA has several tactical techniques to reduce the loss. Features Grid Expert Advisors have a serious drawback. It consists in the fact that there is a high risk of the deposit drawdown as a result of imbalance in a large number of BUY or SELL orders. This EA contains prote
Forex Dead Line
Mikhail Kontsevoy
The indicator can help traders to assess in advance the number of Lots, Balance and Equity, if the price deviates from the current levels. The indicator will be useful for those who trade using grid strategies or Martingale. Features The indicator belongs to the category of risk management . It will be useful for the traders who usually have a lot of open orders on one instrument. The indicator helps to assess in advance the account change that would happen in case of possible price change from
Panca Eagle Breakout Solver
Mikhail Kontsevoy
5 (1)
This expert is an implementation of 4 different strategies for trading with the PANCA EAGLE Break Out indicator. The indicator will be useful for traders who already use the PANCA EAGLE Break Out indicator, working with it manually. Features Break Out PANCA EAGLE is a channel indicator for Forex, which displays the operating channel of the currency pair during the Asian trading session. The indicator determines the maximum and minimum price for the selected trading period and offers to make tra
It is so very disappointing when the price does not have enough points to achieve Take Profit and makes a reversal. This EA sets virtual levels near the TakeProfit levels. This EA sets virtual levels next to TakeProfit orders. If these levels are reached by price, breakeven or trailing stop is applied for an order. Features This EA does not set new orders. The aim of this EA is to manage stop losses of existing orders that are set by another EA or manually (magic number equals 0). For correct w
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