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TrackingLevels

TRACKINGLEVELS (SUPPORTS AND RESISTANCES)

TrackingLevels is a useful indicator that saves considerable time when a trader starts analyzing a chart. This indicator draw on the chart all the resistances and supports that the market is creating.

The resistance and support levels are very important, this levels define areas where there can be a considerable accumulation of sell or buy orders. These are a key areas that every trader must know and keep in mind all the time. This indicator helps the trader to avoid erros when open or close orders to profit taking, adjust stops, etc.

You will also have the levels organized and grouped by colors, size and relevance. These levels can be easily monitored to make better decisions to open and close orders, take profits, place stops, etc. Parameters configuration is very simple.

INPUT PARAMETERS:

GENERAL:

  • Activate Resistance Levels: It activates visualization of the resistance levels.
  • Activate Support Levels: It activates visualization of the support levels.
  • Period: Number of candles that the indicator will consider to perform various intermediate calculations, necessary to correctly define the levels. Recommended value is 15.
  • Calculation Range (bars number). Range of candles to perform the calculation. The user can define from which point in the past he wants the indicator to start showing the different levels (supports and resistances). It is not recommended to parameterize a very high value because the graph would be filled with lines that do not allow to clearly visualize the evolution.
  • Levels Grouping Factor.


ALERTS:

  •     Activate messages (email)
  •     Activate notifications (metatrader application)
  •     Activate sound


SOUNDS:

Recomend to create the folder "\Files\Sounds\" and copy inside the different sound files.

  •     Sound file path (test): If the price test a level.
  •     Sound file path (breakout): If the price breakout a level.
  •     Sound file path (destroyed): If the price confirm a breakout level.


FEATURES:

Representation of support and resistance levels generated from a specific point in the candlestick history. Identification by color and width of the most relevant levels (number of tests). Identification by means of the object label of the following information:

  •     LEVEL TYPE (support and resistance),
  •     Date and time of the event,
  •     Maximum and minimum value of the confluence zone or level range,
  •     Number of times the level has been tested without being passed


       Example:
       SUPPORT
       2023.04.19 14.00.00
       1979.39 - 1969.20
       Tested: 8 times

Different alerts (notifications, sounds, emails). These alerts describe complete information about the level and the event type (test, breakout, breakout confirmated/destroy)

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SmartMass
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5 (2)
SMARTMASS INDICATOR This indicator is different from all known volume indicators. It has a significant distinction; it is an algorithm that relates price movement to volume, attempting to find proportionality and efficient movement while filtering out noise and other movements that are more random and do not follow a trend or reversal. Ultimately, it reveals the true strength of the movement, indicating whether it has genuine support from bulls or bears or if it's merely a high-volume movement
SmartMass MT5
Roberto Alvarez
SMARTMASS INDICATOR This indicator is different from all known volume indicators. It has a significant distinction; it is an algorithm that relates price movement to volume, attempting to find proportionality and efficient movement while filtering out noise and other movements that are more random and do not follow a trend or reversal. Ultimately, it reveals the true strength of the movement, indicating whether it has genuine support from bulls or bears or if it's merely a high-volume movemen
TrackingLevels MT4
Roberto Alvarez
5 (1)
TRACKINGLEVELS (SUPPORTS AND RESISTANCES) TrackingLevels is a useful indicator that saves considerable time when a trader starts analyzing a chart. This indicator draw on the chart all the resistances and supports that the market is creating. The resistance and support levels are very important, this levels define areas where there can be a considerable accumulation of sell or buy orders. These are a key areas that every trader must know and keep in mind all the time. This indicator helps th
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Version 2.2 2023.11.25
1. Some code improvements have been added to optimize line widths.
2. Minor bug fixes
Version 2.1 2023.06.04
1. The visualization of support and resistance zones is improved.
Version 2.0 2023.05.25
1. Improved algorithm for defining the size and display of levels.
2. Enhanced efficiency of data structures.
Version 1.90 2023.05.15
1. Improving data recovery after a disconnection
2. Fixed minor errors
Version 1.80 2023.05.07
1. Improvements in the calculation of support and resistance levels.
2. Adjustments in the information displayed in the labels of each level.
Version 1.70 2023.05.02
1. Improvements to avoid insignificant levels too close to the current price value.
2. More efficient code.
Version 1.60 2022.10.29
1. New code to recover levels after a temporary suspension in indicator execution
2. Level grouping improvements
3. Potential minor memory leaks eliminated
Version 1.50 2022.09.08
1. Indicator startup improvements. Less computation time and more efficiency.
2. Minor fixed bugs
Version 1.40 2022.09.06
1. New parameter added "Levels Grouping Factor".
2. New visual aspect of window parameters.
3. Fixed some minor bugs.
Version 1.30 2022.09.03
1. Improved system for drawing levels at trading ranges and avoid overlaps.
2. Improved algorithmit code. More efficient.
3. Correction of some minor bugs.
Version 1.20 2022.08.17
1. Optimized memory resources
2. Add color options in parameters table
3. Enhanded supports and resistances detection
Version 1.1 2022.08.15
1. Enhanded colors
2. Add indicator description