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)


Avis 1
lauro1956
5752
lauro1956 2024.04.15 21:38 
 

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

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Garry James Goodchild
Indicateurs
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Nikolay Raykov
Indicateurs
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Georgios Kalomoiropoulos
Indicateurs
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4.54 (26)
Indicateurs
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Indicateurs
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5 (2)
Indicateurs
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Oleg Rodin
5 (4)
Indicateurs
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Davit Beridze
5 (1)
Indicateurs
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Kirk Lee Holloway
5 (2)
Indicateurs
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1 (1)
Indicateurs
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4.5 (18)
Indicateurs
Send us a message after your purchase to receive more information on how to get your  BONUS  for FREE  that works in great combination with Bull vs Bear ! Bull versus Bear is an easy-to-use Forex indicator that gives traders clear and accurate signals based on clear trend retests . Forget about lagging indicators or staring at charts for hours because  Bull vs Bear provides real-time entries with no lag and no repaint, so you can trade with confidence. Bull vs Bear  helps you enter trades during
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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 t
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Experts
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Experts
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Experts
Platform:   MetaTrader 5 Asset:   GBPUSD Recommended Timeframes:   M15, M30 & H1 A   simple and robust   Expert Advisor, developed for use by   both novice users and experienced traders   , prioritizing   stability   ,   risk management   , and   operational consistency   . The Expert Advisor has been specifically optimized for trading the   GBPUSD   currency pair, taking advantage of its liquidity, volatility profile, and recurring market behavior patterns. The system does not employ martinga
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lauro1956
5752
lauro1956 2024.04.15 21:38 
 

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

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