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Lighthouse MT5

5

You want to become a constantly profitable 5-star forex trader? 

1. Read the basic description of our simple trading system and it's major strategy update in 2020 

2. Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat

Lighthouse is an amazing 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


Reviews 18
Robert Torres Jr
1409
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
87
Gerenier 2021.11.19 12:56 
 

Very useful tool, especially in combination with the other indicators

Raymond Kelley
739
Raymond Kelley 2021.04.08 18:33 
 

Best Support and resistance on MT5.

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Robert Torres Jr
1409
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
87
Gerenier 2021.11.19 12:56 
 

Very useful tool, especially in combination with the other indicators

Raymond Kelley
739
Raymond Kelley 2021.04.08 18:33 
 

Best Support and resistance on MT5.

Dhany Esperanza
510
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!

LUKE PERRETT
2943
LUKE PERRETT 2021.02.09 23:13 
 

User didn't leave any comment to the rating

daduduxiong
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...

Daniel Stein
115962
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
Devonish
2238
Devonish 2021.02.02 10:50 
 

Thank you for continued support/development of this product.

Yong Ket Hoong
416
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!

Joshua Jeffries
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!

Luigi Marazzi
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

Stephan Grobler
137
Stephan Grobler 2020.08.29 13:02 
 

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

Detleff Böhmer
1895
Detleff Böhmer 2020.07.01 20:10 
 

Super Arbeit, der Indikator arbeitet sehr genau.

temiking
292
temiking 2020.06.08 09:56 
 

Great and excellent tool.

M Iqbal Akbar
3034
M Iqbal Akbar 2020.04.30 22:01 
 

work properly on big timeframe.

TomiFkg
172
TomiFkg 2020.02.17 18:37 
 

Great tool, work well.

Stefan001
86
Stefan001 2019.01.02 11:31 
 

User didn't leave any comment to the rating

Nguyen Van Tuan
486
Nguyen Van Tuan 2018.07.07 05:32 
 

User didn't leave any comment to the rating

skih
131
skih 2018.04.30 09:38 
 

User didn't leave any comment to the rating

Reply to review
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.