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Multi TF Support Resistance Levels Indicator MT4

59 USD

Demo downloaded: 20

Published: 6 December 2021

Current version: 1.0

Multi TF Support Resistance Levels Indicator MT4

Indicators
Vital H B Engenharia Ltda
Vital H B Engenharia Ltda
Vital H B Engenharia Ltda

Brazil

669
5 (1)
4 products
Version: 1.0
Activations: 5

53% OFF until December 31 (Normal price $125)! Don't miss the opportunity to have this invaluable tool!

This is a totally automated multi timeframe support and resistance levels finder on every MT4 chart. No manual work! Just drop this indicator on a chart and you will have the S/R levels always up to date. It is very convenient and helps the trader to anticipate possible stalls and reversions in price movements. The levels are displayed as lines and each timeframe has a different color.

The indicator uses a minimum of computer resources, so it can be used in several charts at the same time without impacting MT4 performance.

Parameters:

1 - Use candle body or high/low: Can be "CandleBody" or "CandleHighLow". CandleBody ignores the candles' wicks to determine the S/R levels.

2 - Symbol: If left empty, uses the chart's symbol. This field can be used with instruments that expire monthly but have a continuous series. Put the continuous series here.

3 - Timeframes: A comma separated list of the timeframes to be used to determine the S/R levels. For instance W1,D1,H1 will draw the S/R levels found in the weekly, daily and hourly candles. Valid timeframes are MN, W1, D1, H4, H1, M15, M5 and M1.

4 - Number of bars: A comma separated list with the number of bars used to search for the S/R in each timeframe. For instance 104,110,50 will use 104 weekly bars, 110 daily bars and 50 hourly bars.

5 - Minimum distance between levels: A comma separated list with the minimum distance between levels. Levels closer than the minimum distance are eliminated with priority to the level from the larger timeframe.

6 - Distance type between levels: The minimum distance between levels can be specified in terms of PercentageOfPrice, FixedPoints (integer) or AverageCandleSize.

Other parameters: Lines Styles and Colors

more...

Screenshot #1 Multi TF Support Resistance Levels Indicator MT4

Screenshot #2 Multi TF Support Resistance Levels Indicator MT4

Screenshot #3 Multi TF Support Resistance Levels Indicator MT4

Screenshot #4 Multi TF Support Resistance Levels Indicator MT4

Screenshot #5 Multi TF Support Resistance Levels Indicator MT4

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There is always a need to measure if the market is "quiet" or it is volatile. One of the possible way is to use standard deviations, but the issue is simple : We do not have some levels that could help us find out if the market is in a state of lower or higher volatility. This indicator is attempting to do that : • values above level 0 are indicating state of higher volatility (=GREEN buffer) • values below level 0 are indicating state of lower volatility (=RED buffer)

360 USD

If you use several charts open at the same time, you know how boring it is to apply formats to each chart individually. This script can change all open charts using a single command. Parameters: 1 - Choose symbol to put on charts: apply the selected symbol to all charts. If "current", it does not change the symbol; 2 - Choose timeframe or leave empty: apply the selected timeframe to all charts. If "CURRENT", it does not change the timeframe; 3 - Apply template to the charts: If true, apply the t

53% OFF until December 31 (Normal price $125)! Don't miss the opportunity to have this invaluable tool! This is a totally automated multi timeframe support and resistance levels finder on every MT5 chart. No manual work! Just drop this indicator on a chart and you will have the S/R levels always up to date. It is very convenient and helps the trader to anticipate possible stalls and reversions in price movements. The levels are displayed as lines and each timeframe has a different color. The i

59 USD

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Multi TF Support Resistance Levels Indicator MT4

Vital H B Engenharia Ltda