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MagicLevels

5

Magic Levels for MT4 by Jeanne Soft

The Magic Levels indicator was created to solve three important tasks of successful trading:

1) construction of the nearest support and resistance levels for the selected timeframe,

2) timely identification of situations when the instrument is overbought or oversold,

3) indication of the probable trend reversal points.

The indicator allows you to significantly save time analyzing the current situation on the selected instrument and contributes to making the right decision on the entry point of the deal.

In the area of horizontal levels there is often a slowdown of movement or market reversal. The Magic Levels indicator allows determining the best market exit points (for setting take profit and stop loss orders) and also entry points when the price rebounds from a higher timeframe level.

The colors of the price zone and the lines highlighting the upper and lower boundaries of the levels can be changed in the settings. Levels of higher timeframes are also displayed on smaller ones. This allows you to see the most important levels without switching between timeframes.

Main advantages of the indicator

  • Versatility - levels work for any markets and timeframes.
  • Ease of use - most of the indicator settings are color-coded.
  • Absolute - unlike many indicators (RSI, Moving Average, Stochastic, etc.) Magic Levels is created based on price, not derived from it.

How levels are built

Experienced traders know that horizontal support and resistance levels have been used in trading for decades. These levels work and will work because traders think they should work and use them in their trading strategies. Levels are built based on candlestick patterns that appear at local market reversal points. They are versatile and do not require adjustments to historical data. The levels of the higher timeframes are displayed on the smaller ones. This allows you to see the most important levels without switching between timeframes.

Indicator settings

  • UseNarrowBands (True/False) – Use narrow support and resistance zones.
  • KillRetouch – This setting will delete previous supply and demand levels after they have been touched more than twice. This is because the more number of times a supply and demand area has been tested, the less significant it becomes.
  • PriceMarkColor – Color indication of current price label.
  • PriceLineWidth – Thickness of the line displaying the current price level.
  • WavePeriod – Wave Indicator calculation period (in bars). It is best to select it for a specific instrument.
  • AvgPeriod – Averaging period: the larger it is, the smoother the indicator lines will be.
  • SoundAlert – True/False, turn on/off the buzzer when circles (pivot points) appear.
  • EmailAlert – Notification of trading signals to the e-mail (the e-mail address you specified when you opened an account with the broker is used).

 

If you have any questions or suggestions you can always contact me via chat.


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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
GOLD Impulse with Alert
Bernhard Schweigert
4.56 (9)
Indicateurs
Cet indicateur est une super combinaison de nos 2 produits Advanced Currency IMPULSE with ALERT  +   Currency Strength Exotics . Il fonctionne pour tous les cadres temporels et montre graphiquement l'impulsion de force ou de faiblesse pour les 8 principales devises plus un symbole ! Cet indicateur est spécialisé pour montrer l'accélération de la force des devises pour tout symbole comme l'or, les paires exotiques, les matières premières, les indices ou les contrats à terme. C'est le premi
PTS Divergence Buy Finder
PrecisionTradingSystems
Indicateurs
PTS - Divergence Buy Finder par Precision Trading Systems Le Precision Divergence Finder a été conçu pour trouver les points bas du marché avec une précision extrême, et il le fait fréquemment. En analyse technique, l'art de choisir les creux est généralement beaucoup plus facile que de choisir les sommets, et cet outil est précisément conçu pour cette tâche. Après avoir identifié une divergence haussière, il est sage d'attendre que la tendance s'inverse avant d'acheter. Vous pouvez utilise
PTS Divergence Sell Finder V2
PrecisionTradingSystems
Indicateurs
L'indicateur de vente PTS Divergence Finder de Roger Medcalf - Precision Trading Systems. Cet indicateur ne fournit que des indications baissières de vente. Tout d'abord, on m'a souvent demandé pourquoi je n'avais pas fourni un indicateur de divergence de vente tout en fournissant volontiers un outil de recherche de divergence de signaux d'achat depuis de nombreuses années. J'ai répondu que les divergences de vente sont moins fiables que les divergences d'achat, ce qui est toujours vrai. Certain
Up down v6T
Guner Koca
5 (1)
Indicateurs
Thise indicator is up down v6  comes with tradingwiev version. purchased people, after installed on terminal ,contact me on mql5  to get BONUS  TradingView version. up-down indicator is no repaint and works all pairs and lower than weekly time frames charts. it is suitable also 1 m charts for all pairs. and hold long way to signal. dont gives too many signals. when red histogram cross trigger line that is up signal.and price probably will down when blue histogram cross trigger line that is dow
TPA True Price Action MT4 Indicator
InvestSoft
4.33 (82)
Indicateurs
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals (except early signals mode) strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our custo
RealValueIndicator EURUSD
KERT RAEBOVOITRA
Indicateurs
Indicator : RealValueIndicator Description : RealValueIndicator is a powerful tool designed specifically for trading on the EURUSD pair. This indicator analyzes all EUR and USD pairs, calculates their real currency strength values, and displays them as a single realistic value to give you a head start on price. This indicator will tell you moves before they happen if you use it right. RealValueIndicator allows you to get a quick and accurate overview of the EURUSD currency pair tops and bottoms,
Blahtech Market Profile
Blahtech Limited
4.61 (18)
Indicateurs
Was: $249  Now: $99   Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Ins
Reversal Sniper
Elmira Memish
5 (3)
Indicateurs
Reversal Sniper is designed to find the extreme reversals of the price. Indicator collects data of Cycle Sniper Indicator. NOTE: REVERSAL SNIPER Indicator is made for Cycle Sniper Users as an additional tool.  However, it can be used by the traders who look for finding out strong reversal levels. Indicator works on all timeframes and all instruments. Reversal  Sniper  Checks: Harmonic Patterns RSI Zig Zag and Harmonic Swings Cycle Sniper Indicator's Buy / Sell Signals The complex algo i
XQ Indicator MetaTrader 4
Marzena Maria Szmit
3 (2)
Indicateurs
Step into the realm of Forex trading with confidence and precision using XQ, a cutting-edge Forex indicator designed to elevate your trading game to unprecedented heights. Whether you're a seasoned trader or just stepping into the world of currency exchange,   XQ Forex Indicator   empowers you with the insights and signals needed to make informed trading decisions. The signal conditions are a combination of three indicators, and XQ Forex Indicator only display  medium and long-term trends . The
Quantum Heiken Ashi PRO MT4
Bogdan Ion Puscasu
4.43 (7)
Indicateurs
Présentation de la       Cartes   Quantum Heiken Ashi PRO Conçues pour fournir des informations claires sur les tendances du marché, les bougies Heiken Ashi sont réputées pour leur capacité à filtrer le bruit et à éliminer les faux signaux. Dites adieu aux fluctuations de prix déroutantes et bonjour à une représentation graphique plus fluide et plus fiable. Ce qui rend le Quantum Heiken Ashi PRO vraiment unique, c'est sa formule innovante, qui transforme les données traditionnelles des chandelie
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ursina 2021.12.28 08:59 
 

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