• Panoramica
  • Recensioni (32)
  • Commenti (22)
  • Novità

Important Lines


This indicator displays Pivot-Lines, preday high and low, preday close and the minimum and maximum of the previous hour. You just have to put this single indicator to the chart to have all these important lines, no need to setup many single indicators.

Why certain lines are important

Preday high and low: These are watched by traders who trade in a daily chart. Very often, if price climbs over or falls under a preday low/high there is an acceleration in buying/selling. It is a breakout out of a daily range.

Prehour high and low: Are watched by breakout traders who trade in the hourly chart. The opening range breakout strategy (see Toby Crabel) uses the hourly range of the past hourly candle and trades the breakout at the market opening. Placing stop loss near the hour lines may be very effective.

Pivot Points: Pivots stem from the former pit traders who needed a quick and rough orientation of the situation of the price. Today still many traders look at these points. When trading, the pivot point, the supports (s1, s2, s3) or resistances (r1, r2, r3) cause the price to slow down or even turn.

Calculation Methods


Pivot Point = (high + close + low)/3 (preday)

r1 = (2 * pivot) - low

s1 = (2 * pivot) - high

r2 = pivot + (r1 - s1)

r3 = high + (2* (pivot - low))

s2 = pivot - (r1 - s1)

s3 = low - (2*(high - pivot));

All the other lines are derived from the history of MetaTrader 5.


The colors of the lines and labels can be customized.

  • pivotColor
  • s1Color
  • s2Color
  • s3Color
  • r1Color
  • r2Color
  • r3Color
  • lowH1Color
  • hiH1Color
  • PDHColor
  • PDLColor
  • PDCColor

Why did I program this indicator

As I started with MetaTrader 5 about a year ago I did not find any matching indicator. As I used it every day, I thought that it could be of use for other traders too.

This indicator is used in conjunction of my Opening Range Breakout robot I will publish soon. I plan to make this indicator "speaking". So it will be possible to "trade what you see and hear".

Issues and disclaimer

I use this indicator for about half a year, in general, it runs well.

On Mondays it might show wrong numbers, it might be, that it takes data from Saturday.

There is no guarantee for this product in no way.

12.7.2018, Terence V. Gronowski "SwissTrader"

Recensioni 20
Ionut Funduianu
Ionut Funduianu 2023.11.30 15:06 

Very useful indicator, great job!

amin13eko 2023.07.13 17:20 

excelent indicator

drzocker 2023.01.08 09:30 

Gute arbeit

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Gartley Hunter Multi - An indicator for searching for harmonic patterns simultaneously on dozens of trading instruments and on all classic timeframes: (m1, m5, m15, m30, H1, H4, D1, Wk, Mn). Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Patterns: Gartley, Butterfly, Shark, Crab. Bat, Alternate Bat, Deep Crab, Cypher 2. Simultaneous search for patterns on dozens of trading instruments and on all classic timeframes 3. Search for patterns of all possible sizes. Fr
XQ Indicator MetaTrader 5
Marzena Maria Szmit
5 (1)
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 ind
Il profitto dalla struttura del mercato cambia quando il prezzo si inverte e si ritira. L'indicatore di avviso di inversione della struttura del mercato identifica quando una tendenza o un movimento di prezzo si sta avvicinando all'esaurimento e pronto a invertire. Ti avvisa dei cambiamenti nella struttura del mercato che in genere si verificano quando stanno per verificarsi un'inversione o un forte pullback. L'indicatore identifica inizialmente i breakout e lo slancio del prezzo, ogni volta
Auto Order Block with break of structure based on ICT and Smart Money Concepts (SMC) Futures Break of Structure ( BoS )             Order block ( OB )            Higher time frame Order block / Point of Interest ( POI )    shown on current chart           Fair value Gap ( FVG ) / Imbalance   -  MTF      ( Multi Time Frame )    HH/LL/HL/LH  -  MTF      ( Multi Time Frame )  Choch  MTF      ( Multi Time Frame )  Volume Imbalance     ,  MTF          vIMB Gap’s Equal High / Low’s     ,
L'indicatore di inversione ADR ti mostra a colpo d'occhio dove il prezzo è attualmente scambiato in relazione al suo normale intervallo medio giornaliero. Riceverai avvisi istantanei tramite pop-up, e-mail o push quando il prezzo supera la sua gamma media e livelli superiori a tua scelta in modo da poter saltare rapidamente a pullback e inversioni. L'indicatore disegna linee orizzontali sul grafico agli estremi dell'intervallo medio giornaliero e anche estensioni al di sopra di quei livelli a c
Altri dall’autore
Swiss InsideOutsideBar
Terence Gronowski
5 (2)
Swiss InsideOutsideBar Imortance of Inside- and Outside Bars Inside bars are completely engulfed by its previous bar. The pattern is also known as "harami" (pregnant). Outsidebars engulf the previous bar. Inside bars might mark situations before an outbreak. They are a condensed form of a symmetrical triangle. Symmetrical triangles represent a battle between bulls and bears. There can be an outbreak to either side, mostly the outbreak is in direction of the main trend. The combination of inside
Swiss VWAPsimple
Terence Gronowski
5 (4)
Swiss VWAPsimple Motivation Did not find free VWAP that works, the one that I found craseh. So I created a VWAP which calculates values only for the actual day. So computer resouces are not over stressed. What is VWAP, how is it used?  VWAP stands for Volume Weighed Average Price, it calculates the running sum of tick volume and the runnung sum of price times tickvolume. The division of these sums result in a weighed price (Sum P*V/Sum V). The calculation starts normally at midnight. The value
Swiss ParabolicWarn
Terence Gronowski
5 (1)
Normal Parabolic SAR with label of long or short state. Tells also "Parabolic long" and "short". Can be used in multitimeframe layouts together with Swiss HolyGrail indicator or in different timeframes. So, if all the indicators show "long" or "short" you can be sure that the risk of a wrong direction is small. The standard values for Parabolic SAR are 0.02 for step and 0.2 for maximum. You may experiment with changing the maximum to get smother curves.  Note that changes in parabolic SAR are la
M5 Breakout Indicator
Terence Gronowski
3 (1)
Shows min and max of last M5 Candle. Can be used to trade breakouts of last M5 candle.  The M5 Candle Breakout Strategy avoids to stay too long in a sindways phase. See documentation on  @swisstrader3713, where you can follow my live trading. The only parameters are the color of the lines defining the M5 stretch. Best use the indicator in M1 timeframe. The M5 Breakout Strategy has helped me to reduce overtrading.
Opening Range Indicator   Idea Toby Crabel introduced this way of trading in the ealy ninties in his book "Day Trading with Short Term Price Patterns and Opening Range Breakout". In simple terms this means to trade the brekouts from the limits of the first trading hour with the stop loss at the opposite side. I.e. if the first hourly candle meausres 40 points (Crabel calls this the "stretch") you set the stop loss at breakout level minus 40 points and the take profit at the breakout level plus
Terence Gronowski
5 (1)
Idea I programmed this tool out of the necessity to be constantly informed about what is going on. Before I sometimes forgot to set a stopp loss, this is impossible with this tool. Further this tool allows you to make distributed entries, eg. with a first feeler with 0.1 contracts and when the direction is the right one you just put more contacts into the game. Money- and risk management is built in. If you use more then the predetermined number of contracts there is a warning. You are constantl
Swiss CandleTime
Terence Gronowski
5 (2)
Swiss CandleTime What ist CandleTime for This indicaor just displays the remaining time for a candle to build. It is best used if you trade with timframes from 3 minutes. I use it in M3 to keep postions. If I have two following red candles i usually liquidate the position. Timeframes M1 to H1 Inputs Arrow displayed => Edit your arrow string Arrow for waiting conditions => Arrow if chart is offline Text Color => color of the text Tell if there is a trend change => tells you, if the two preciding
Swiss HolyGrail
Terence Gronowski
3 (1)
Swiss Holy Grail Indicator Motivation and functioning The HolyGrail indicator serves to optimize an entry. At that very moment I caught myself, that I went short in an uptrend, so I got into a trade in an anti-cyclical way. Or I have entered into a much too mature trend. This indicator should prevent such errors: One should always be aware of whether it is pro- or anticyclic entry, and one must always know about the maturity of the trend. Don't enter an old trend. Linda Raschke advises to buy th
RSI talking, use all your senses while trading! The idea When trading your eyes might be very stressed. Therefore I programmed the RSItalking. Trade what you see and what you hear ! Function This indicator says "rsioverbought" when rsi is over a threshold value (default 75%) and "rsioversold" if it is under a lower threshold (default 25%). When you keep a long position be adviced to realize profit when the indicator tells you "rsioverbought" and vice versa. You will find an explanation of th
Ionut Funduianu
Ionut Funduianu 2023.11.30 15:06 

Very useful indicator, great job!

amin13eko 2023.07.13 17:20 

excelent indicator

diamondfx360 2023.01.10 11:24 

Thanks for coding this been looking for such .

drzocker 2023.01.08 09:30 

Gute arbeit

Gyorgy Nesztor Szanto
Gyorgy Nesztor Szanto 2022.11.04 19:46 

Excelente aporte, muchas gracias. Sólo comentar que, con la actualización No. 3484 del 3 de noviembre de 2022 de MT5 todas las leyendas "R3, R2, Hi H1, etc., al cambiar de tamaño el cuadro del chart (reducir su tamaño o aumentar) se desconfigura y no queda debajo de sus lineas correspondientes. Las lineas en sí estan bien, es sólo el texto que los acompaña. ¡Saludos!

vvm-55 2022.10.17 11:02 

Ich bin zufrieden

roket52 2022.09.22 04:50 

Thank you much appreciated for this indicator as it provides these key levels. my only suggestion for improvement would be the ability to customise the line types and size and the ability to move the text positions too. Thanks for your work

HOGJoerch63 2022.09.03 10:31 

Sehr nützlich und präzise. Dankende Grüße in die Schweiz

Kflynn 2022.05.28 14:15 

Excellent indicator.

Lully 2022.02.06 01:52 

Great ind. we need it for weekly and monthly if possible

gr8aarkays 2021.12.11 08:06 

Amazing lines, working perfect

Evgeny Belyaev
Evgeny Belyaev 2021.09.24 17:30 

Good indicator

PrincipeRk 2021.09.12 00:38 

Buen complemento de indicadores

Souq 2021.07.13 15:43 

Amazing! Congratulations! 👍👍

Michael Schneider
Michael Schneider 2021.07.07 22:28 

I like it. Makes trading much simpler

Rogerio1985 2021.05.25 03:03 

Muito bom mesmo!!!

CEMKIVIRCIK 2021.05.21 19:28 

Hi, Do you have the same indi for MT4 platform? thx

ndiru2 2021.04.24 12:48 

Very helpful indicator

vasanton 2021.03.17 15:06 

интересный индикатор.

Clesio Hector Dufau Da Conceicao
Clesio Hector Dufau Da Conceicao 2021.01.25 14:33 

Great job. One just set to add: line width (1, 2, 3...)

Rispondi alla recensione
Versione 1.20 2019.02.15
One per bar introcuced. There was a flicker on some pcs.
Versione 1.10 2019.01.27
Correction of error: Lines were not deleted when indicator was removed. Now they are gone when the indicator is removed from chart (if they are still there just change the timeframe up and down).