MOR Automatic Levels Building

This indicator is designed to automatically build support/resistance levels. The indicator calculates the density of the price distribution in the specified time range and creates a table of volumes for each price. Levels are constructed from the minimum to the maximum volumes specified by the user.

Some input parameters can be changed using hot keys without opening the settings window.


Inputs

  • StartPoint - start bar number
  • Range - length of the level in bars (time range)
  • VolumeMin - minimum volume
  • VolumeMax - maximum volume
  • AdultPoint - growing point in percent of the length of the level, the default is 33%. It is used to visually track the lifetime of a level. If the level appeared before this point, then it is considered unfit for trading (young level) since it can still be incomplete (expand/narrow). If the level appeared later, it is considered suitable for trading (adult level).
  • Optimization - optimization method:
    • NO - optimization is disabled, levels are built on the basis of user-specified data
    • STRAIGHT - levels with the lowest volume in percentage of the width of the price table are constructed
    • REVERSE - levels with the largest volume as a percentage of the width of the price table are constructed
  • Mode - style of rendering
  • RectangleFillKoefficient - enable/disable rendering small levels (noise) if the RECTANGLE rendering style is set
  • IndiсatorPeriod - timeframe the indicator takes data from.
  • LabelText - enable/disable display of the width value of the level
  • LabelTextSize - text size
  • ClrAdult - adult color
  • ClrYoung - color of a young level
  • ClrBefore - color level before it appears
  • ClrAdultHLine - color of the growing line
  • ClrStartHLine, ClrEndHLine, ClrHighLow - color of level boundaries
  • Canvas_Transparent - transparency of the hot keys background
  • DistributionWidth - width of the distribution graph
  • DistributionTransparent - transparency of the distribution graph
  • DistributionColor - color of the distribution graph
  • Distribution - enable/disable distribution graph display


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The indicator finds and visualizes price gaps, which often can be used as support and resistance levels. It can display levels from different timeframes on one chart. Inputs Value Label - show/hide the timeframe of constructed levels TimeFrame - select timeframe to draw levels from DrawRangeDay - the length of the level in days DrawRangeHour - the length of the level in hours GapSizeForDrawing - a level will be drawn if gap is equal to or larger than this level in points CountDays - the number
This indicator is designed for plotting the linear regression channel. For convenience, it has multiple operation modes and drawing of data from the selected timeframe. Input parameters Price - the price to be used for calculation and plotting the upper and lower boundaries of the channel PriceHighLow - the value of bar's High and Low PriceOpenClose - the value of bar's Open and Close Mode - indicator operation mode Static - the linear regression channel is always plotted starting from BarStart
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