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Lighthouse MT5

⭐️⭐️⭐️⭐️⭐️ 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.

The default and recommended minimum value is 5 pips. If the current price is closer than 5 pips to the next support or resistance level, you will see the state „WAIT“.

If the distance between the current price and the next support or resistance level is bigger than 5 pips, you will see „GO“.

The value for SR Distance in pips is customizable. So please fill it with the value that suits your strategy best.

  • 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. According to your requirements, you can use the Lighthouse calculation and buffers in two ways.

By default, Lighthouse fills all eight accessible buffers with the values of the eight most important support and resistance levels.

But you can fill it with the following values as well: SRDistanceCheckResult, HighestSR, LowestSR, NextAbove, NextBelow

Please send a confirmation of your Lighthouse 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 4 platform.
  • AlertsSound: You will get an audio notification in your MetaTrader 4 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 4 platform.
  • AlertsNotification: You will get a notification on your mobile device if you set up the mobile notification settings of your MetaTrader 4 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 4 platform.
Reviews 15
Danny
340
Danny 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
3251
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.

daduduxiong
135
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...

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Harmonic patterns are characteristic series of price movements with respect to Fibonacci levels, which statistically precede price reversals. This indicator searches for harmonic patterns. It is capable of recognising 26 classical and non-classical harmonic patterns : Classical Gartley Butterfly Alternate Butterfly Bat Alternate Bat Crab Deep Crab Three Drives Non-classical Shark Alternate Shark Cypher 5-0 Anti Gartley Anti Butterfly Anti Alternate Butterfly Anti Bat Anti Alternate Bat Anti Crab
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Gartley Projections D
Oleksandr Medviediev
The indicator identifies the harmonic patterns (XABCD) according to developments of H.M.Gartley ( "Profits in the Stock Market" , 1935г). It projects D-point as a point in the perspective projection (specify ProjectionD_Mode = true in the settings). Does not redraw. When a bar of the working timeframe closes, if the identified pattern point has not moved during Patterns_Fractal_Bars bars, an arrow appears on the chart (in the direction of the expected price movement). From this moment on, the ar
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PipFinite Binary Options PRO MT5
Karlo Wilson Vendiola
This LEGIT Indicator Can Accurately Predict the Outcome of One Bar. Imagine adding more filters to further increase your probability! Unlike other products, Binary Options PRO can analyze past signals giving you the statistical edge. How Increase Your Probability Information revealed here ► www.mql5.com/en/blogs/post/727038 NOTE: The selection of a Good Broker is important for the overall success in trading Binary Options. Benefits You Get Unique algorithm that anticipates price weaknes
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Quantum Dynamic Support and Resistance for MT5
QUANTUM TRADING SOFTWARE LIMITED
If you've been trading for any time, you will almost certainly have come across the concept of support and resistance. This powerful and simple concept lies at the heart of technical analysis. It forms the cornerstone of price action trading. Strange to consider therefore, that such a key component of the traders chart has largely been ignored. Most Forex traders still draw their lines manually, leading to a crude interpretation of these key levels. Even those companies who have developed a trad
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PZ Candlestick Patterns MT5
Arturo Lopez Perez
This indicator recognizes over 30 Japanese Candlestick Patterns and highlights them beautifully on the chart. It is simply one of those indicators price action traders can't live without. Boost your technical analysis overnight Detect japanese candlestick patterns easily Trade reliable and universal reversal patterns Hop onto established trends safely using continuation patterns The indicator is non-repainting and implements alerts The indicator implements a multi-timeframe dashboard It detects
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Equilibrium Fractal Wave Analytics MT5
Young Ho Seo
EFW Analytics was designed to accomplish the statement "We trade because there are regularities in the financial market". EFW Analytics is a set of tools designed to maximize your trading performance by capturing the repeating fractal geometry, known as the fifth regularity in the financial market. The functionality of EFW Analytics consists of three parts including: Equilibrium Fractal Wave Index: exploratory tool to support your trading logic to choose which ratio to trade Superimposed Pattern
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Quantum Currency Heatmap Indicator for MT5
QUANTUM TRADING SOFTWARE LIMITED
Trading the currency markets is a complex business, not least since we are dealing with pairs of currencies, and by inference, pairs of economies. All economies around the world are interlinked, and reflected in the constant ebb and flow of currency strength and weakness. The problem for us as traders is monitoring so many pairs simultaneously, since every pair does not move independently, but reflects the interrelated nature of this market. The Quantum Currency Heatmap delivers the informatio
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WaveTheory Fully automatic calculation
Kaijun Wang
This indicator is a perfect wave automatic analysis indicator for practical trading! The standardized definition of the band is no longer a wave of different people, and the art of man-made interference is eliminated, which plays a key role in strict analysis of the approach. Sale at a discount, make friends with you! Cooperation QQ:556024" Cooperation wechat:556024" Cooperation email: 556024@qq.com" Index content: 1.Basic wave: First, we found the inflection point of the basic f
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Filter:
Danny
340
Danny 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
3251
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.

daduduxiong
135
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
100181
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
1574
Devonish 2021.02.02 10:50 
 

Thank you for continued support/development of this product.

Danny Yong
358
Danny Yong 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
118
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
122
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
102
Stephan Grobler 2020.08.29 13:02 
 

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

Detleff Böhmer
1211
Detleff Böhmer 2020.07.01 20:10 
 

Super Arbeit, der Indikator arbeitet sehr genau.

temiking
262
temiking 2020.06.08 09:56 
 

Great and excellent tool.

M Iqbal Akbar
453
M Iqbal Akbar 2020.04.30 22:01 
 

work properly on big timeframe.

TomiFkg
175
TomiFkg 2020.02.17 18:37 
 

Great tool, work well.

Stefan001
1842
Stefan001 2019.01.02 11:31 
 

User didn't leave any comment to the rating

Nguyen Van Tuan
7669
Nguyen Van Tuan 2018.07.07 05:32 
 

User didn't leave any comment to the rating

skih
551
skih 2018.04.30 09:38 
 

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

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.