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Fx Levels Starter

FX Levels Starter is a must to trade Forex.

The indicator will give you all important levels (support/resistance) to watch.

Trading without these levels on your chart is like driving a car for a long journey without a roadmap. You would be confused and blind.

Support and resistance levels should be used as guideline to figure out possible turning points and targets.

The levels are entry and exit points for your trades.

The indicator draws these levels analyzing the H1, H4, D1 and W1 timeframes.

Levels can be customized (color, style, line width).

Furthermore the indicator can send alerts when price is approaching (or going away from) a price level so that you can take action to enter in a trade or close a trade.

The indicator can be used for scalping, swing trading or daily trading.


Inputs

  • Prefix - prefix used by broker (for instance if symbol is called xGBPUSD then Prefix is x).
  • Suffix - suffix used by broker (for instance if symbol is called GBPUSDfx then Suffix is fx).
  • Show W1 - show levels identified in the W1 time frame.
  • Show D1 - show levels identified in the D1 time frame.
  • Show H4 - show levels identified in the H4 time frame.
  • Show H1 - show levels identified in the H1 time frame.
  • LineColor_ - define color of level to be drawn for the given time frame (W1, D1, H4, H1).
  • LineStyle_ - define style of level to be drawn for the given time frame (W1, D1, H4, H1).
  • LineWidth_ - define width of level to be drawn for the given time frame (W1, D1, H4, H1).
  • RefreshSeconds - refresh delay to update alerts.
  • CheckFxLevels - check specific levels designed in the software and generate alert when required.
  • CheckRoundNumber - check round number levels and generate alert when required.
  • UseAlerts (true/false) - set to true to enable alerts management.
  • SoundAlerts (true/false) - set to true to receive alerts of type sound.
  • SoundFile - name of wav file to be used to play sound alerts.
  • PopupAlerts (true/false) - set to true to receive alerts of type pop-up box window.
  • EmailAlerts (true/false) - set to true to receive alerts over email.
  • NotificationAlerts (true/false) - set to true to receive alerts to your mobile using MetaTrader notifications.
  • LogAlerts (true/false) - set to true to display alerts in the MetaTrader Experts tab log.
  • DistancePointsOut - distance in points to generate alert when price is going away from price level.
  • DistancePointsIn - distance in points to generate alert when price is approaching price level.

Indicator only works with following pairs for now (for the FX Levels):

  • EURUSD
  • GBPUSD
  • USDJPY
  • USDCHF
  • AUDUSD
  • NZDUSD
  • USDCAD

We might release version for more pairs or classes of assets (stocks, commodities) in the future depending on the demand for these enhancements. You can draw the levels in any time frame. For instance you can draw W1 levels in a M5 chart.

The indicator can be used to trade Spot Forex and also Binary Options, Options, and Futures.

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