TrackingLevels MT4

5

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)


Reviews 1
lauro1956
5772
lauro1956 2024.04.15 21:38 
 

Really simple, precise and very informative...very good. 5 stars

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Indicators
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Indicators
Market makers' tool. Meravith will: Analyze all timeframes and display the current trend in force. Highlight liquidity zones (volume equilibrium) where bullish and bearish volumes are equal. Display all liquidity levels across different timeframes directly on your chart. Generate and present text-based market analysis for your reference. Calculate targets, support levels, and stop-loss points based on the current trend. Compute the risk/reward ratio for your trades. Determine position size accor
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Indicators
CRT Candle Range Theory HTF MT4.   Ultimate CRT Indicator: Advanced ICT Concepts and Malaysian SnR Trading System Master the Market Maker's Footprints with the Most Advanced Candle Range Theory Indicator Unlock the true power of  Smart Money Concepts (SMC)  and trade precisely like the institutions with the  Ultimate CRT Indicator . Built exclusively for serious traders, this indicator automates the highly effective  Candle Range Theory (CRT) , a core pillar of  ICT Concepts (Inner Circle Trader
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M1 Arrow is an indicator which is based on natural trading principles of the market which include volatility and volume analysis. The indicator can be used with any time frame and forex pair. One easy to use parameter in the indicator will allow you to adapt the signals to any forex pair and time frame you want to trade. Besides the main algorithm which is based on buy and sell signals, the indicator also has multiple built-in extra strategies which you can choose in the inputs. These strategies
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Dr Niremberg USDCAD – Expert Advisor for MetaTrader 5 Dr Niremberg USDCAD is a professional Expert Advisor specifically developed for trading the USDCAD currency pair on MetaTrader 5. It has been designed with a strong focus on stability, risk management, and long-term consistency. The system is suitable for both beginner and experienced traders seeking a fully automated trading solution based on objective probability criteria while avoiding high-risk strategies that could jeopardize trading cap
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lauro1956
5772
lauro1956 2024.04.15 21:38 
 

Really simple, precise and very informative...very good. 5 stars

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