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TheStrat Levels

This indicator draws the prior Highs and Lows for multiple timeframes, and can display potential Take Profit and Stop Loss levels.

In Rob Smith's #TheStrat terms, these are potential entry points, or alternatively potential targets for open positions. I like to use them in both ways. On a lower timeframe, say 5 minutes to get a good entry on a daily or weekly level, and then as a potential target. Very small stops required giving an excellent risk/reward ratio.

Please watch the DEMO video for more details as the pictures do not do the indicator justice.


Settings

There are a number of settings, repeated for each timeframe.

ShowLevels

When true, the levels are drawn for this timeframe. The lines are drawn from the last period start to the current time. Once a new period is started, the lines will be redrawn to the new levels.

LineColour

You can set the line colour to any value from the standard colour selection.

LineStyle

The line style can vary from the simple solid line, dots, dashes or dots and dashes.

LineWidth

If the line style is solid, the line width can be any value from the selection available, 1 to 5.


UseSplitExtension

When set to True, the lines drawn are split into the historic part drawn using the line styles, width and colours above, and the projected part using a modified style based on the following settings.

SplitLineStyle

If you wish you can set the line style so it is clearly visibly different to the historic part of the line. If you set it to STYLE_SOLID, then the projected line will retain the width set above.

SplitLineTint

You can modify the colour of the projected line by giving it a tint. That is a reduction in intensity of the main colour selected for the historic line set above. The default value here is 0.5 which means halve the intensity of the colour.


Stop and Target Levels

ShowPotentialTargets

When true, potential target levels are shown for each timeframe enabled using the ShowLevels settings.

ShowHitTargets

When true, if a target level has been hit it will stay on the chart until the timeframe has expired. Otherwise, once hit, potential target levels are removed.

LookbackBarsForTargets

Controls how far back in the history the system should look for target levels. Default is 50 bars.

PotentialTargetCount

This allows you to choose how many potential target levels you want to see per timeframe. Default is 3.

MinPointsBetweenTargets

Having targets too close together is not very helpful, so this setting allows you to define how many points should be between one target and the next. Calculated per timeframe.

TimeframeForPotentialStopLevels

Allows you to choose the timeframe stop loss levels should be calculated from. By default it uses the current timeframe, giving a very tight stop loss.


Descriptive Labels

ShowDescriptions

When true, descriptive labels are drawn for every level shown.

IncludePriceInDescription

When true, puts the price value of the level in the description.

IncludeRiskRewardInDescription

When true, adds the risk / reward value in the description.

DescriptionFontSize

Choose how big the descriptive labels should be.

StopLabelsToRight

When true, the labels for stop levels are drawn to the right of the stop level. Set to false, the description will be drawn to the left of the level.

TargetLabelsToRight

When true, the labels for target levels are drawn to the right of the stop level. Set to false, the description will be drawn to the left of the level.

RightSideOffsetPixels

Allows you to choose how far from the current time the stop and target labels should be drawn. Only relevant if you use StopLabelsToRight or TargetLabelsToRight.


ExtendLines

By default, this is false. When True, the lines are extended off to the right hand side of the chart.



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NO REPAINT ADVANCED CHART PATTERN INDICATOR By definition, a price ( chart)  pattern is a recognizable configuration of price movement that is identified using a series of  trendlines  and/or curves. When a price pattern signals a change in trend direction, it is known as a reversal pattern; a continuation pattern occurs when the trend continues in its existing direction following a brief pause. Advanced Chart Pattern Tracker is designed to find the MOST ACCURATE patterns. A special script is ad
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Introduction Advanced Price Pattern Scanner is the pattern scanner built upon our accumulative knowledge and insight from our financial market research many years. Advanced Price Pattern Scanner uses highly sophisticated pattern detection algorithm. However, we have designed it in the easy to use and intuitive manner. Advanced Price Pattern Scanner will show all the patterns in your chart in the most efficient format for your trading. Detectable Patterns Following pattern can be detected. Tri
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Binary options are the markets where the selected assets are traded according to the estimates in which direction they will move in a certain period. What is called active; are investment tools such as stocks, foreign exchange and gold. For example; You think one of these instruments will move up in 10 minutes. You have purchased one of the suitable options. When your expectation comes true at this expiry, you will earn almost double your money. The logic of the market; to make predictions
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Currency Strength Matrix
Raymond Gilmour
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THE ONLY CURRENCY STRENGTH INDICATOR THAT IS BASED ON PRICE ACTION. DESIGNED FOR TREND, MOMENTUM & REVERSAL TRADERS This indicator  reads price action to confirm trend and strength . Advanced multi-currency and multi-time frame indicator that shows you simply by looking at one chart, every currency pair that is trending and the strongest and weakest currencies driving those trends. For full details on how to use this indicator, and also how to get a FREE chart tool, please see user manual HER
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PipFinite Trend PRO
Karlo Wilson Vendiola
4.9 (2728)
Breakthrough Solution For Trend Trading And Filtering With All Important Features Built Inside One Tool! Trend PRO's smart algorithm detects the trend, filters out market noise and gives entry signals with exit levels. The new features with enhanced rules for statistical calculation improved the overall performance of this indicator. Important Information Revealed Maximize the potential of Trend Pro, please visit www.mql5.com/en/blogs/post/713938 The Powerful Expert Advisor Version Automa
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Range Exhaustion
Robert Gerald Wood
Range Exhaustion occurs when price meets or exceeds the expected range for the current period. At these levels, price starts to lose its momentum relative to earlier in the period, so its a good point to make sure you are not taking new positions. This indicator will show you where this is likely to happen on your chart, showing levels for Daily, Weekly and Monthly periods. When you see price exceeding these exhaustion levels, it's telling you that the momentum behind the move is very strong an
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TheStrat Candles
Robert Gerald Wood
This indicator will draw a label above or below each candle based on   Rob Smith's   TheStrat   as they develop over time on your chart. As price evolves, a candle can switch between three states. When the candle first opens, if it sits completely within the previous candles high and low, then it will start as a Type 1. As time moves on, if it breaks either the high or low of the previous candle, it will be come a type 2, and should the price action be volatile and directionless, it may then
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Markets really love round numbers and they often act as support in a falling market, or resistance as price rises. This indicator is designed to draw price levels at Round values. It does this automatically, but you also have the option to override that and determine the levels you wish to see. A round level can be as simple as steps of 10, so 10, 20, 30 etc or if you are working with Forex, maybe you want to see changes at 0.1 or 0.01. The indicator draws two classes of line, Major and Minor,
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Robert Gerald Wood
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Robert Gerald Wood
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This indicator is designed to make reviews of many charts on different timescales quicker, and easier to do. Track Time and Price across multiple charts Change Symbol on one chart and all other charts of the same symbol will be changed too. Easy to use, quick to master The indicator allows you to identify the price and time where the mouse pointer is on the current chart, across all other charts open on the same Symbol. This allows you to quickly see information on multiple charts whereas norma
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Active Pivot Levels
Robert Gerald Wood
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Pivot levels are a well established technical level that's recognised in every market. This indicator will draw the current Quarterly, Monthly, Weekly, Daily and four-hourly pivots on the chart, for any symbol. You can also show the Suppport and Resistance levels for each period and choose which to display from levels 1 to 4.   Choose the type of Pivot from: Standard Camarilla DeMark Woodie Fibonacci Please note, DeMark pivots have a single Support and Resistance level as per the original speci
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A simple script that can delete all the drawing objects on a chart, or just the objects of a specific type. Settings: DeleteObjectsOfType By default the value will be blank which means ALL drawing objects on the chart will be deleted. If you only wish to delete specific types of drawing object, change this setting to the type of object to delete. For example, Fibonacci Retracement, Text, Label or Trend Line. Please see the demonstration video for more information.
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This Script allows you to copy drawing objects of any type, like trend lines, Fibonachi Retracements etc, to one or more other charts. By default, the script will copy all the objects on the current chart, that is the chart the script was applied to, to any other chart of the same Symbol currently loaded. Settings DestinationTimeframe When set to anything other than PERIOD_CURRENT, then it will copy the objects to any open chart of the same Symbol as the chart the script was applied to. If
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I created this simple indicator while I was learning about Rob Smith's TheStrat and find it so helpful, I thought I would share it with you. If you find it useful, please look at the other indicators I have published on MQL5. The indicator simply draws a single line on the chart showing the price level you select from a higher timeframe. Using the settings you have full control over the timeframe it displays but b y default, it calculates the higher timeframe itself, just moving up the scale by
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This script allows you to toggle the "Show Trade Levels" option, but for the current chart only. Normally, you can only change the setting using the Options -> Chart menu for ALL charts, but this script allows you to do it for a SINGLE chart. I'm using it when I take screenshots, because most of the time I'm not trying to show the trades, just some functionality of one of my other tools. Iif you need that functionality, then this script is very helpful! If the script helps you, please let me
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TheStrat FTFC
Robert Gerald Wood
FTFC refers to Full Timeframe Continuity as defined by Rob Smith's TheStrat . This indicator draws two lines on the chart, one of the highest of the Quarterly, Monthly, Weekly, Daily or Hourly opening levels, and the second of the lowest of those values. This gives you a channel above or below which trading is more likely to be very strongly in one direction. Between the lines, price action will be choppier and you may with to use wider stops. A third dashed line is also drawn to show the mid po
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Markets really love round numbers and they often act as support in a falling market, or resistance as price rises. This indicator is designed to draw price levels at Round values. It does this automatically, but you also have the option to override that and determine the levels you wish to see. A round level can be as simple as steps of 10, so 10, 20, 30 etc or if you are working with Forex, maybe you want to see changes at 0.1 or 0.01. The indicator draws two classes of line, Major and Minor, e
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If you've not already learnt about TheStrat trading strategy , go google it now. I promise it won't be a waste of your time, and you will likely learn some new tricks whether you use it or not. OK, so now you know what TheStrat is, you will be able to understand what this indicator can do for you. Key Features In short, the Indicator will: Show Timeframe Continuity for all supported timeframes Supports two timeset views, Day trader and Swing trader Show when Full Timeframe Continuity is in pla
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When trading using TheStrat , it is important to keep an eye on multiple timeframes. This indicator will show the Daily, Weekly, Monthly and Quarterly state of the current candle for each timeframe. A Circle icon shows that the candle on that timeframe is currently an Inside, or Type 1 in TheStrat terminology. An Inside Day candle is consolidating price action, and we are looking for a breakout of the range. A Triangle icon, pointing up or down, is a trending candle, or Type 2 in TheStrat termin
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ATR Extremes
Robert Gerald Wood
El rango verdadero promedio (ATR) es un indicador de uso común que mide la cantidad de movimiento en el precio durante una duración determinada. Sin embargo, el valor que da no está definido dentro de ningún tipo de límite, lo que hace que usarlo para cualquier otra cosa que no sean cálculos de stop loss o take profit, sea casi imposible. Este indicador es su indicador ATR estándar, pero hemos introducido demarcaciones percentiles para que pueda ver los extremos. Puede elegir entre percenti
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Este indicador dibujará una etiqueta por encima o por debajo de cada vela basada en TheStrat de Rob Smith a medida que se desarrollen con el tiempo en su gráfico. A medida que evoluciona el precio, una vela puede cambiar entre tres estados. Cuando la vela se abre por primera vez, si se encuentra completamente dentro de las velas anteriores altas y bajas, entonces comenzará como un Tipo 1. A medida que pasa el tiempo, si rompe el máximo o mínimo de la vela anterior, se producirá un tipo 2, y s
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This indicator draws the prior Highs and Lows for multiple timeframes, and can display potential Take Profit and Stop Loss levels. In Rob Smith's # TheStrat  terms, these are potential entry points, or alternatively potential targets for open positions. I like to use them in both ways. On a lower timeframe, say 5 minutes to get a good entry on a daily or weekly level, and then as a potential target. Very small stops required giving an excellent risk/reward ratio. Key Features  - Levels from Hou
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TheStrat FTFC MT5
Robert Gerald Wood
FTFC refers to Full Timeframe Continuity as defined by Rob Smith's  TheStrat  . This indicator draws two lines on the chart, one of the highest of the Quarterly, Monthly, Weekly, Daily or Hourly opening levels, and the second of the lowest of those values. This gives you a channel above or below which trading is more likely to be very strongly in one direction. Between the lines, price action will be choppier and you may with to use wider stops. A third dashed line is also drawn to show the mid
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This indicator will draw patterns based on   Rob Smith's   TheStrat   as they emerge in real time on your chart. As price evolves,   TheStrat   offers 18 distinct price action patterns that can help you get good entries in the market. Each pattern involves two or three candles, and this indicator will draw a bounding box around the candles and name the pattern. The indicator also shows when a potential setup is forming, known by stratters as an Actionable signal. Candles Each candle is def
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When trading using  TheStrat , it is important to keep an eye on multiple timeframes. This indicator will show the Daily, Weekly, Monthly and Quarterly state of the current candle for each timeframe. A Circle icon shows that the candle on that timeframe is currently an Inside, or Type 1 in TheStrat terminology. An Inside Day candle is consolidating price action, and we are looking for a breakout of the range. A Triangle icon, pointing up or down, is a trending candle, or Type 2 in TheStrat termi
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Pivot levels are a well established technical level that's recognised in every market. This indicator will draw the current Quarterly, Monthly, Weekly, Daily and four-hourly pivots on the chart, for any symbol. You can also show the Suppport and Resistance levels for each period and choose which to display from levels 1 to 4.   Choose the type of Pivot from: Standard Camarilla DeMark Woodie Fibonacci Please note, DeMark pivots have a single Support and Resistance level as per the original specif
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ATR Extremes MT5
Robert Gerald Wood
Average True Range (ATR) is a commonly used indicator that measures the amount of movement in price over a set duration. However the value it gives is not defined within any sort of boundary, which makes using it for anything other than stop loss or take profit calculations, almost impossible. This indicator is your standard ATR indicator, but we have introduced percentile demarcations so you can see the extremes. You can choose between Percentiles and something we call Split Medians Percentile
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Range Exhaustion occurs when price meets or exceeds the expected range for the current period. At these levels, price starts to lose its momentum relative to earlier in the period, so its a good point to make sure you are not taking new positions. This indicator will show you where this is likely to happen on your chart, showing levels for Daily, Weekly and Monthly periods. When you see price exceeding these exhaustion levels, it's telling you that the momentum behind the move is very strong an
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Versión 2.10 2021.06.18
Fix for issue where lines were not drawing for charts with not enough history data on the current timeframe.
Fix for issue where number of potential targets displayed was being restricted unintentionally.
Minor performance improvements.
Versión 2.0 2021.06.16
NEW - Version 2 of the Indicator.
Almost a complete rewrite, now includes the drawing of potential Take Profit and Stop loss levels and showing the associated Risk/Reward value for each. Pivot Machine Gun (PMG) scenarios are also identified and shown on each level with that potential.

- Levels from Hourly, Four Hourly, Daily, Weekly and Monthly timeframes
- Potential Take Profit levels
- Potential Stop Loss levels based on the current or higher timeframe
- Risk / Reward calculated continuously for each potential target level based on potential stop level
- Pivot Machine Gun identification
- Labelling for each level so you can identify what there
- Comprehensive options to make it look as you wish