LineTraderPro2 MTF Horizontal Lines MT4

The levels of higher timeframes, on the chart you are watching.

LineTraderPro2 finds swing highs and lows with Dow Theory rules and draws horizontal lines at the levels the market watches, for any of 20 timeframes from M1 to W1. Each line is labeled with its timeframe (H1, D1 and so on) and the date of the swing, so you can see at a glance which timeframe a level belongs to without switching charts.

What you see on the chart

• Horizontal lines: the swing highs above the price and the swing lows below it, nearest first, for every timeframe you turn on.
• Labels at the right end of each line: timeframe name and start date. Higher timeframes are shifted to the right so lines at the same price stay readable.
• Dow Theory zigzag: swing highs and lows joined by a line, for the timeframes shown.
• Sessions: Tokyo, London and New York drawn as boxes of their high-low range (charts up to H1). Daylight saving time switches automatically.
• Spread and the time left until the current bar closes.
• Control panel: one button per timeframe (M1, M2, M3, M4, M5, M6, M10, M12, M15, M20, M30, H1, H2, H3, H4, H6, H8, H12, D1, W1), plus Market, Dow and Del. Drag it to move it.

Details

• Calculation uses confirmed bars only.
• Only timeframes equal to or higher than the chart are shown.
• Works on any symbol.
• Button language: English or Japanese.
• No DLL, no external connection.

Inputs (main)

• Swing bars on each side (default 4)
• Bars to calculate (default 5,000)
• Timeframe name and start date labels, and the clock for the date (server time or PC clock)
• Color and width of the lines for each timeframe
• Server offset in winter (2 for many brokers) and the colors and hours of the three sessions
• Panel: show, placement and position

Notes

• This indicator shows the state of the market. It does not place trades and does not guarantee any result.
• The demo version of an indicator runs only in the Strategy Tester (visual mode).