The market is about finding a balance between supply and demand. The indicator looks for levels that suit both buyers and sellers. All market participants will strive for this level of price balance.
Version for MT5: https://www.mql5.com/en/market/product/57468
- a unique algorithm for building levels;
- does not redraw;
- can be used on any timeframe (H1 by default) and currency pair;
- does not require additional configuration;
- a complete system of alerts from messages, mail to PUSH notifications.
Level assessment rules:
When a balance of supply and demand appears on the market, the level is indicated and marked text label. Depending on the situation, it can serve as a profit guide for an already open order, or as a direction for newly opened orders. On the screenshots on this page, you can see examples of using the indicator on the chart.
|HiddenLevelColor ||- ||hidden balance level color |
|TextLabel ||- ||enable display of the hidden balance level label |
|TextLabelColor ||- ||text label color |
|Alerts ||- ||enabling the alert system when a level appears |
|AlertMessage ||- ||information alert message in the window |
|SoundMessage ||- ||audio message |
|EmailMessage ||- ||message about the signal to the mail specified in the terminal |
|PushMessage ||- ||PUSH message to mobile phone |
The indicator can be used as a separate trading system or as an addition to an existing one.