Market / MetaTrader 5 / Indicators /

Lighthouse MT5

66 USD

Demo downloaded: 1 666

Published: 14 February 2018

Current version: 3.41

Lighthouse MT5

Indicators
Daniel Stein
Version: 3.41
Updated: 21 September 2020
Activations: 10

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Lighthouse is an outstanding precise and reliable support and resistance indicator.
It displays the most important trading levels and draws them according to their relevance.
If a level is clearly broken, it changes its role and color. Support becomes resistance and vice versa.

Key Features

Automated adjustment to the underlying time frame
Displays only significant support and resistance levels
Immediate graphical response if a level is clearly broken
Thicker drawn SR levels are more important than thinner ones

General Settings

Analysis mode: Select between three different scan modes (intraday, medium and high time frames) or use the automatic adjustment which is set by default.
The automatic mode adjusts the used analysis mode based on the underlying chart time frame.
Sensitive mode: The sensitive mode identifies more support and resistance levels. We recommend using it if you are an intraday trader. Set this to false if you like to reduce the number of drawn SR levels
SR Distance in Pips: This changeable value is the basis for the built-in support and resistance level distance check. It measures the distance between the current price and the next Lighthouse levels. If the current price is closer to the next level than 5 pips, you will see the state „WAIT“. If it's bigger, you'll see "GO".
Fill buffers with: The price values of the SR levels or the results of the built-in calculations. This option is especially for EA developers. Besides the regular values you can request the following values as well: SRDistanceCheckResult, HighestSR, LowestSR, NextAbove, NextBelow. Send a confirmation of your purchase to receive the according code snippets.

Graphical Settings

Display SR check box: Displays the result of the built-in SR level distance check at the left side of your chart. Set to false if you like to hide this check box.
Display Lighthouse levels: This parameter is responsible for all drawn support and resistance levels. If false, the drawn lines are hidden.
Display Levels in the background: Displays all SR levels behind the price candles. Set to true if you like to draw them in the foreground.
Color, Font and Thickness settings: You are able to change the defaults of the text blocks and set your own colors for the drawn support and resistance levels. Create it as you like it best.

Notification Settings

Enable SR distance warning: Set to true and you will get an alert if the price comes close to the next SR level.
Enable SR switch notification: Set to true and you will get an alert if a SR Level changes its role from support to resistance or vice versa.
AlertsOn: You will benefit from several alert and notification options like audio, e-mail or mobile notifications. False disables all alerts.
AlertsMessage: You will get an alert message in your MetaTrader platform.
AlertsSound: You will get an audio notification in your MetaTrader platform.
AlertsEMail: You will get an e-mail if you set up the correct e-mail settings for your e-mail provider at your MetaTrader platform.
AlertsNotification: You will get a notification on your mobile device if you set up the mobile notification settings of your MetaTrader platform.
Soundfile: Enter the name of a sound file to hear an individual audio notification. The selected sound file must be installed in the “Sounds” directory of your MetaTrader platform

more...

1536

Robert Torres Jr 2022.06.15 07:30 #

I am beyond impressed with the pre-purchase support that I have received thus far from Daniel. I've reviewed the telegram groups and I bought the Lighthouse, Powerplay Trade Manager, SIEA Pro, FX Power, FX Trend, and FX Volume (Did I miss any necessary tool?) I am excited to start learning to trade according to this strategy. I'll give more feedback as I start my trading journey with the Stein Investment Group of Traders.

Gerenier 2021.11.19 12:56 #

Very useful tool, especially in combination with the other indicators

747

Raymond Kelley 2021.04.08 18:33 #

Best Support and resistance on MT5.

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Get your daily market update with details and screenshots via our Morning Briefing here on mql5 and on Telegram ! Do you want to become a constantly profitable 5-star forex trader? Then get our Stein Investments trading tools and send us a screenshot to get your personal invitation to our exclusive trading chat with 500+ members. FX Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which d

66 USD

Get your daily market update with details and screenshots via our Morning Briefing here on mql5 and on Telegram ! Do you want to become a constantly profitable 5-star forex trader? Then get our Stein Investments trading tools and send us a screenshot to get your personal invitation to our exclusive trading chat with 500+ members. FX Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which dir

66 USD

Get your daily market update with details and screenshots via our Morning Briefing here on mql5 and on Telegram ! Do you want to become a constantly profitable 5-star forex trader? Then get our Stein Investments trading tools and send us a screenshot to get your personal invitation to our exclusive trading chat with 500+ members. Lighthouse is an outstanding precise and reliable support and resistance indicator. It displays the most important trading levels and draws them according to

66 USD

Get your daily market update with details and screenshots via our Morning Briefing here on mql5 and on Telegram ! Do you want to become a constantly profitable 5-star forex trader? Then get our Stein Investments trading tools and send us a screenshot to get your personal invitation to our exclusive trading chat with 500+ members. Crosshair is a fantastic tool that simplifies our chart analysis by bringing the price candles perfectly in line with the indicator values in the subwindows.

66 USD

Get your daily market update with details and screenshots via our Morning Briefing here on mql5 and on Telegram ! Do you want to become a constantly profitable 5-star forex trader? Then get our Stein Investments trading tools and send us a screenshot to get your personal invitation to our exclusive trading chat with 500+ members. This Trade Manager is the ideal addition for all FX Trend users which like to use a fully automated trade management. It detects your manually opened trades i

66 USD

The keys to success in trading Forex are discipline, patience and a clear edge, as we have with our unique real trading volume analysis. That's our experience of 10 years of trading Forex, and all these key factors are summarized in the S tein Investments E xpert A dvisor ( SIEA ) series. SIEA ZEN provides a very balanced risk-reward ratio and survives all market circumstances easily - even the most critical ones like Corona, Brexit, etc. The system's robustness provides, besides an

299 USD

SI Connect is a utility that establishes the connection to our servers to use FX Volume or the SIEA trading systems. Technical instructions to prepare your terminal for the usage of SI Connect Allow web requests and insert https://stein.investments to the list of allowed URLs in your Terminal Options -> Subcategory Expert Advisors . You need only one running EA instance per terminal, but it has to run constantly in the background to grab the latest data from our data centre. In case of quest

FREE

Get your daily market update with details and screenshots via our Morning Briefing here on mql5 and on Telegram ! Do you want to become a constantly profitable 5-star forex trader? Then get our Stein Investments trading tools and send us a screenshot to get your personal invitation to our exclusive trading chat with 500+ members. The Trade Manager MT5 is the ideal addition for all FX Trend users which like to use a fully automated trade management. It detects your manually opened trades

66 USD

FREE

Get more information, like FAQs, backtest reports and tips for the right DST/GMT settings in our SIEA FAQ Send a screenshot of your purchase, and you'll get the set files for SIEA ZEN and SIEA MAX . So you'll have 3 SIEAs in 1. MT4 can't execute multi-symbol strategies in its strategy tester. Please use the SIEA MT5 versions to run realistic real-tick multi-symbol backtest. The keys to success in trading Forex are discipline, patience and a clear edge, as we have with our unique

499 USD

SIEA MAX provides a balanced risk-reward ratio and survives all market circumstances easily - even the most critical ones like Corona, Brexit, etc. The system's patience and discipline are rewarded with great profits for its users. That's why we called it MAX. MT4 isn't capable of executing multi-symbol strategies in its strategy tester . We recommend using the SIEA MT5 versions to run realistic real-tick multi-symbol backtest. Get more information, like FAQs, backtest reports and tips fo

299 USD

Get your daily market update with details and screenshots via our Morning Briefing here on mql5 and on Telegram ! Do you want to become a constantly profitable 5-star forex trader? Then get our Stein Investments trading tools and send us a screenshot to get your personal invitation to our exclusive trading chat with 500+ members. Crosshair is a fantastic tool that simplifies our chart analysis by bringing the price candles perfectly in line with the indicator values in the subwindows. Yo

66 USD

The keys to success in trading Forex are discipline, patience and a clear edge, as we have with our unique real trading volume analysis. That's our experience of 10 years of trading Forex, and all these key factors are summarized in the Stein I nvestments Expert Advisor (SIEA) series. SIEA MAX provides a balanced risk-reward ratio and survives all market circumstances easily - even the most critical ones like Corona, Brexit, etc. The system's patience and discipline are rewarded with great

299 USD

Filter:

1536

Robert Torres Jr 2022.06.15 07:30 #

Gerenier 2021.11.19 12:56 #

Very useful tool, especially in combination with the other indicators

747

Raymond Kelley 2021.04.08 18:33 #

Best Support and resistance on MT5.

528

Dhany Esperanza 2021.02.28 05:01 #

Good indicator to filter out trades based on proximity to SR levels. Easy to use and set. I wish Daniel will add similar functionality based on daily/weekly fibo pivot levels too. Thumbs up!

3253

LUKE PERRETT 2021.02.09 23:13 #

Keep up the great work Steins. Read, Read and Read more. Its all here as a package. Bring your discipline to the table along with the correct money management. Have realistic expectations and move forward.

145

daduduxiong 2021.02.03 08:53 #

i use lighthouse, but in M15 Chart it can't zoom out the chart, can you look at it...

118268

Reply from developer Daniel Stein 2021.02.03 09:33 #

I contact you via private message. Please check your inbox/messages section here on mql5.com

2619

Devonish 2021.02.02 10:50 #

Thank you for continued support/development of this product.

421

Yong Ket Hoong 2020.11.10 04:10 #

It displays the S&R level precisely in every timeframe chart as needed. This is the most important tool for me among all Daniel's indicator!

123

Joshua Jeffries 2020.10.22 17:22 #

This tool is a must for every trader out there! The SR levels are so precise with many configurable options to suit your trading style. I used to draw all SR levels on templates and update them weekly. Not any more, not with Lighthouse. I love it, as I love all of Daniel's tools and i don't use the word lightly. In my time on MQL5 i have only ever bought 14 products, four of these are Daniels. Thanks Daniel for enhancing my trading!

147

Luigi Marazzi 2020.10.20 03:46 #

Simple clear and easy to understand. alerts "WAIT" in proximity to support or resistance levels, alert changes to" GO" when clear. Use it in concert with FXtrend and FXPower to significantly improve the probability of entering a good trade. Perhaps even stop you trading right into a big resistance level

142

Stephan Grobler 2020.08.29 13:02 #

No nonsense indicator, and a great entry/exit help.

2002

Detleff Böhmer 2020.07.01 20:10 #

Super Arbeit, der Indikator arbeitet sehr genau.

292

temiking 2020.06.08 09:56 #

Great and excellent tool.

3575

M Iqbal Akbar 2020.04.30 22:01 #

work properly on big timeframe.

172

TomiFkg 2020.02.17 18:37 #

Great tool, work well.

Stefan001 2019.01.02 11:31 #

User didn't leave any comment to the rating

486

Nguyen Van Tuan 2018.07.07 05:32 #

User didn't leave any comment to the rating

131

skih 2018.04.30 09:38 #

Great tool. Shows exactly the lines of support and resistance. Thx !

Version 3.41 2020.09.21

Further improvement of our new in-display function

Version 3.39 2020.09.21

Reactivated EACall mode for iCustom requests

Version 3.38 2020.09.18

Show/hide the SR levels with just one click on the "Check" label in the SR checkbox

Version 3.37 2020.06.07

Metaquotes provided important fixes in MQL5 and asked us to recompile all our market tools.
So please update your local copy to the latest available to benefit from bug fixes and improvements.

Version 3.36 2020.05.03

Optimized data handling

Version 3.34 2019.04.29

Fixed level draw bug when markets are closed

Version 3.31 2019.02.26

Now it's possible to switch the analysis modes directly on the chart
with just one click on the modes label below the GO/WAIT status

Version 3.26 2018.10.28

Update for new MT5 build 1930

Please update your copy to benefit from the latest product improvements.

Version 3.25 2018.03.08

Now it is possible to run more than one Lighthouse instance per chart.
This allows you to run and compare different analysis mode settings.