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Lighthouse

Lighthouse is a 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.

Follow this link and learn how to trade with the Blueball trading tools.


Key Features

  • 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
  • Based on pure price movement - > we'll NEVER use fractals, zig-zag or other questionable indicators
  • Works on every symbol / time frame and on all kinds of offline charts like renko and range bar charts
  • Several alert options like E-Mail, Terminal Message and Notification Service for mobile devices
  • Accessible buffers for EA developers


General Settings

  • ShowLevels: This parameter is responsible for all drawn support and resistance levels. If false, the drawn lines are hidden.
  • SensitiveMode: Sensitive Mode identifies more support and resistance levels. We recommend using it if you are an intraday trader. Set it to false if you are trading on higher timeframes.
  • 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 fully customizable.

So please fill it with the value that suits your strategy best.

  • SetBufferFlag: This option is especially for 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 most important support and resistance levels.

If true, buffer 0 is filled with the SR check results. Buffer 0 = 0 if the SRCheck result is „WAIT“, Buffer0 = 1 if the SRCheck result is „GO“.

  • Enable extended level scan: This mode was designed for higher timeframes like H1 and above. Set to true to increase the SR level scan period.
  • 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.


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 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 and Font 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.


Alert Settings

  • 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.
RedBull
713
2016.11.13 17:42 
 

Excellent indicator!!!

Trader Juan
90
2016.10.20 17:29 
 

Daniel is very professional and true to his words. I bought 3 of his product. Im a price action trader and his works are great, Its pretty accurate and he uses algorithm in his product. Make me lessen all my works in trading and his indicators are quality. I hope he keeps improving all his works. He seems very passionate in his works and trading. Well I hope you become more better so that you could help more traders. And don't forget this words of wisdom Daniel.

"To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity. "- Don Alden Adams, President Watch Tower Bible and Tract Society of Pennsylvania

October 20, 2016

I have never seen a product as great as this. Its very accurate. Ive been making money using Daniel's tools. It's worth the money including his FX Trend and FX Power.

Manualtrader
115
2016.09.28 18:13 
 

I consider this product of Daniel's to be his best. Sometimes his lines are different than what some other programs will draw. I do not always see how he came up with the resistance and support lines but they are pretty reliable. I learned to rely on his lines for setting my TP and SL targets.

Theo
203
2016.09.27 08:02 
 

Very accurate tool that help you a lot in decision making, support amazing. thank you Daniel.

27/09/2016. After few weeks of using these product, I can totally confirme, the top quality it is. It did improve my trading style a lot.

anda007
99
2016.09.19 12:17 
 

excellent, nothing left to be said

Asser Badrawy
122
2016.08.25 21:05 
 

I Tested it and it was very Good

Now I rented it and till now goes great

zentrader2016
152
2016.08.14 17:02 
 

Currently renting this indicator along with 4 others Daniel offers. This indicator is extremely accurate on these S&R levels. Its almost scary how precise they are and I have used many indicators as many traders have. This indicator paired with FX Trend and FX Power are a complete strat and I'm excited to get this working. Daniel is very helpful in answering all of my questions and I look forward to any future products he creates as well.

Maurice Kunen
1070
2016.06.01 19:19 
 

Excellent indicator in forex trading no doubt about that! I use it along with the other Blueball indicators. Besides that Daniel is very kind

and always helpful. A well deserved 5 star rating!!!

Lingxiang Zhang
526
2016.02.13 19:33 
 

useful tool

Marius Lazar
304
2015.12.31 12:38 
 

Very accurate S/R levels indicator. The developer is really professional and he provides excellent & timely support for all his products.

jinhee
548
2015.10.07 10:46 
 

I'm very happy with this indicator. Daniel recommended this indicator so I rented it as well as Analyzer Pro. I'm satisfied with these tools.

engqatar
191
2015.07.14 10:50 
 

top indicator :)

Zack van Zyl
817
2015.04.29 21:04 
 

Excellent product. Daniel has exceptional support with all his tools and I can recommend his entire range of products to any trader regardless of their style of trading. Thanks!

202033
211
2015.04.18 09:17 
 

Great indicator. It attaches instantly to charts and works on all time frames. It has saved me a lot of time drawing S/R levels on 24 currency pairs! highly recommended.

Pavonine Asia
739
2015.01.30 13:50 
 

Five stars for excellent support from developer :)

Ian Tavener
1169
2014.12.07 18:24 
 

There doesn't seem to be any rhyme or reason for SR lines to be plotted where they are. They seem to be completely independent of time frame, and I was left guessing which time frame they are being drawn by. When I plot my own SR lines, they never match up. How do these lines get drawn? How significant are they? The indicator gives you no clue. Did the price bounce off a line twice on a M1 chart? Has the level been solid SR level for the past 10 years? Definitely did not find this indicator useful.

Robert Edison
1624
2014.09.26 04:54 
 

It's amazing how accurate it is. I'm watching a 1 minute chart and price action hits the support and resistance levels dead on. Great for scalping or longer trades.

Mahadir Abd Aziz
3518
2014.09.14 02:39 
 

Great Tools..

Yuko Araki
498
2014.07.03 08:01 
 

Very accurate and great!!

This is very useful and helpful to know Stoploss and Takeprofit level.

I really appreciate such wonderful tools by Daniel!

jomon davis
761
2014.07.02 16:41 
 

this is an amazing tool which i was looking past 6 years. its really awesome...keep it up such a innovations......

Pawel Czechowski
1432
2014.06.20 10:34 
 

Such an easy thing like resistance and support lines can be very useful. We have here green and red lines showing the latest SR lines. It can help us to choose our breakout strategies. Recommended to use with other products to combine the best strategy.

Version 2.0 - 2016.10.10
Re-positioning of Lighthouse SR check panel

Added new alert if price comes close to an SR level

Added new buffers with detailed information about MinSRLevel, MaxSRLevel, NextAbove and NextBelow
Version 1.9 - 2016.06.02
- Deactivated sunday candle input parameter
- Added automatic detection of sunday candle
Version 1.8 - 2015.03.23
Added the possibility to hide the SR check box
Version 1.7 - 2015.01.29
Added extended level scan functionality for better usability on H1 and higher timeframes
Version 1.6 - 2015.01.14
Fixed graphical bug if called by EA
Version 1.5 - 2015.01.08
Added the option to show SR Levels in background / foreground
Version 1.4 - 2014.09.01
- Redesigned deinitialization sequence.
- Added built-in fully automated SR level distance calculation.
- Added Lighthouse SR Check display.
Version 1.3 - 2014.07.21
Added several alert options like E-Mail, Terminal Message or Notification Service for mobile devices to keep you informed in detail if a Lighthouse Level is clearly broken and changes it's role from support to resistance or vice versa.
Version 1.2 - 2014.06.18
Improved calculation method.
Version 1.1 - 2014.04.28
- Added accessible buffers for EA developers.
- Added sensitive calculation mode option.