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EvoLevels

The indicator displays most prominent price levels and their changes in history. It dynamically detects regions where price movements form attractors and shows up to 8 of them. The attractors can serve as resistance or support levels and outer bounds for rates.

Parameters:

  • WindowSize - number of bars in the sliding window which is used for detection of attractors; default is 100;
  • MaxBar - number of bars to process (for performance optimization); default is 1000; when the indicator is called from an expert, use 1;
  • Shift - number of bar to start processing from; default is 0;
  • MaxLevels - number of level to detect, up to 8; default is 5;
  • DeltaPoints - minimal width of each attractor in points, that is nearby levels can not be closer than DeltaPoints/2 to each other; default is 200;
  • StepPoints - granularity of price values in calculations (for performance optimization); default is 10;
  • CleanUp - if true (default), removes jumps between levels, when, for example, level 1 becomes level 2 (i.e. loses its power); use true for clean visualization; use false when the indicator is called from an expert;
  • Color - base color for levels; default is Blue.

You should estimate which WindowSize is better suited for selected timeframe. Also change DeltaPoints as appropriate for specific work insttruments. It's recommended to have StepPoints as tenths of DeltaPoints.

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Eric John Pajarillaga Aldana
4.82 (17)
TakePropips Donchian Trend Pro   (MT4) est un outil puissant et efficace qui détecte automatiquement la direction de la tendance à l'aide du canal Donchian et vous fournit des signaux de trading d'entrée et de sortie ! Cet indicateur multifonction comprend un scanner de tendance, des signaux de trading, un panneau statistique, un filtre, des sessions de trading et un tableau de bord de l'historique des alertes. Il est conçu pour vous fournir des signaux de trading et vous faire gagner des heures
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
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Market Structure Patterns   is an indicator based on   smart money concepts   that displays almost all of the   SMC/ICT   elements needed to take your trading decisions to the next level. Take advantage of the   alerts ,   push notifications   and   email messages   to keep informed from when an element is formed on the chart, the price crosses a level and/or enters in a box/zone. Developers can access the values of the elements of the indicator using the   global variables  what allows the aut
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3.86 (7)
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Time And Sales Layout indicator shows traded buy and sell volumes right on the chart. It provides a graphical representation of most important events in the time and sales table. The indicator downloads and processes a history of real trade ticks. Depending from selected depth of history, the process may take quite some time. During history processing the indicator displays a comment with progress percentage. When the history is processed, the indicator starts analyzing ticks in real time. The l
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Stanislav Korotky
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Stanislav Korotky
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Stanislav Korotky
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Stanislav Korotky
5 (1)
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Stanislav Korotky
5 (1)
This script allows performing a walk-forward analysis of trading experts based on the data collected by the WalkForwardLight MT5 library. The script builds a cluster walk forward report and rolling walk forward reports that refine it, in the form of a single HTML page. This script is optional, as the library automatically generates the report immediate after the optimization in the tester is complete. However, the script is convenient because it allows using the same collected data to rebuild th
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Stanislav Korotky
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Stanislav Korotky
This indicator predicts rate changes based on the chart display principle. It uses the idea that the price fluctuations consist of "action" and "reaction" phases, and the "reaction" is comparable and similar to the "action", so mirroring can be used to predict it. The indicator has three parameters: predict - the number of bars for prediction (24 by default); depth - the number of past bars that will be used as mirror points; for all depth mirroring points an MA is calculated and drawn on the ch
If you like trading crosses (such as AUDJPY, CADJPY, EURCHF, and similar), you should take into account what happens with major currencies (especially, USD and EUR) against the work pair: for example, while trading AUDJPY, important levels from AUDUSD and USDJPY may have an implicit effect. This indicator allows you to view hidden levels, calculated from the major rates. It finds nearest extremums in major quotes for specified history depth, which most likely form resistence or support levels, a
This is an intraday indicator that uses conventional formulae for daily and weekly levels of pivot, resistance and support, but updates them dynamically bar by bar. It answers the question how pivot levels would behave if every bar were considered as the last bar of a day. At every point in time, it takes N latest bars into consideration, where N is either the number of bars in a day (round the clock, i.e. in 24h) or the number of bars in a week - for daily and weekly levels correspondingly. So,
The indicator draws a histogram of important levels for several major currencies attached to the current cross rates. It is intended for using on charts of crosses. It displays a histogram calculated from levels of nearest extremums of related major currencies. For example, hidden levels for AUDJPY can be detected by analyzing extremums of AUD and JPY rates against USD, EUR, GBP, and CHF. All instruments built from these currencies must be available on the client. This is an extended version of
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Version 1.4 2021.11.21
Recompilation.
Version 1.3 2015.05.20
Fixed an issue: MaxLevels parameter did not affect the amount of lines displayed when considering the volumes.
Version 1.2 2015.05.18
For volume oriented modes (UseVolumes is equal to tick_volumes or surrogate_volumes) new feature has been added: one could now specify WindowSize as 0. In this case indicator shows a "density" of volumes on every single bar. Please note that DeltaPoints and StepPoints parameters should be much less than usually in this mode, for example, 20 and 1 respectively.
Version 1.1 2015.05.06
The indicator has been significantly improved. In addition to existed algorithm of drawing levels based on price movements, new operational modes which utilize volumes are introduced, and optional "market depth" histogram is implemented.

New parameters:
- UseVolumes - one of the values: no_volumes, tick_volumes, surrogate_volumes; no_volumes (by default) corresponds to version 1.0; tick_volumes - calculation is based on formula with M1 volumes (it's used in my another indicator named VolumeDelta, please find details on its page); surrogate_volumes - calculation is based on the same formula, but relies on pseudo-real volumes (according to the algorithm, which is used in my another indicator named TrueVolumeSurrogate, please find details on its page); please bear in mind, that tick_volumes and surrogate_volumes modes require more CPU, so it makes sense to decrease MaxBar from standard value 1000 to, say, 100;
- Histogram - enable/disable histogram for the whole price range on the bar number Shift; by default - false;
- HistogramScaleDown - scaling coefficient of the histogram; by default - 10; please adjust the value appropriately for different modes in UseVolumes and HistogramType;
- HistogramWidth - histogram lines' width; by default - 3;
- HistogramType - one of the following types of volumes: volume_sell, volume_delta, volume_buy, volume_total (by default); when volume_delta is selected, the histogram is bidirectional - it can hold negative and positive values; this parameter takes no effect, if volumes are not used (UseVolumes = no_volumes);
- HistogramColor - histogram color, by default - gray.