Market / MetaTrader 5 / Indicators /

MOR Automatic Levels Building

30 USD

Demo downloaded: 41

Published: 6 February 2018

Current version: 2.40

MOR Automatic Levels Building

Indicators
Vitaliy Sendyaev
Version: 2.40
Updated: 19 February 2018
Activations: 10

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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Version 2.40 2018.02.19

It became possible to display the graph of the density of the distribution of prices.
Several settings of the input parameters have been added.

Inputs:
DistributionWidth - width of the distribution graph
DistributionTransparent - transparency of the distribution graph
DistributionColor - color of the distribution graph
Distribution - enable/disable distribution graph display