• 概要
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  • コメント (47)
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Magneto

Description

Magneto Pro is an MT4 indicator.

It displays alternative (mathematically calculated) support and resistance levels, as well as the levels the price is most likely to achieve in the near future.

The calculation is based on history data, and the quality of quotes is critical when generating lines.

The lines built by Magneto Pro and Magneto Weekly Pro do not change on the entire calculation period.


Application

Magneto Pro can be used both in conjunction with an existing strategy and as a self-sufficient trading strategy. The product consists of two indicators working at different time intervals. It is designed for intraday scalping (Magneto Pro) and working within a week (Magneto Weekly Pro).


Parameters

  • Percent - main parameter affecting the calibration of all levels.
  • Future time - time (in minutes), starting from which a level anticipated for the next day is shown.
  • History (days) - amount of days displayed on a chart.
  • Brick length - brick length, in days.
  • Magnet color - target level line color.
  • Magnet width - target level line width.
  • Magnet style - target level line style.
  • Echo color - support/resistance level line color.
  • Echo width - support/resistance level line width.
  • Echo style - support/resistance level line style.
  • Echo1 width - support/resistance level line width.
  • Echo1 style - support/resistance level line style.
  • Echo2 width - support/resistance level line width.
  • Echo2 style - support/resistance level line style.
  • Boomerang color - support/resistance level line color.
  • Boomerang width - support/resistance level line width.
  • Boomerang style - support/resistance level line style.
  • Sell zone color - sell area line color.
  • Buy zone color - buy area line color.
  • Buy Sell zone width - sell/buy area line width.
  • Buy Sell zone style - sell/buy area line style.
  • Future color - anticipated target level line color.
  • Return point indicator - show return pattern (flag).
  • Sensitivity - return pattern sensibility (in points).


Examples and Patterns

Breakthrough pattern

If an important level is broken, a red flag appears signalizing a possible return to this level.

  • Level 2 broken, the price returned to the level after one day.
  • Level 4 broken, the price returned to the level after one day.
  • Level 5 broken, the price returned to the level at point 8.
  • Level 7 broken, the price returned to the level the next day.
  • Level 10 broken, the price returned to the level the same level.
  • Level 12 broken, the price returned to the level the same day at point 13.

Target Level pattern

1, 3, 4, 7, 9, 10, 11 – white target levels serve as a kind of a price magnet. Perhaps, this is the main indicator pattern. As we can see, the price did not reach the point 3. However, the next day it returned and the level became important. The price returned to it multiple times both from above and below. Indigo line is an anticipated target level for the next day. The level can change till 00:00 of the terminal time. Then, it stops changing and turns white. Use that level with caution and select only flat market when working with it! The Magneto Weekly Pro indicator works the similar way.

We can also receive some accurate ideas concerning possible price reversals (roll-backs from yellow, white and thin green lines are used as support and resistance lines). Any of the main levels can be used as a reliable point of "adding" to a trend which is quite useful for long-term traders.


Recommendations and Conclusion

This indicator should not be perceived as some sort of an axiom for trading Forex. This is just a subjective approach to a price behavior based on statistical handling of levels identified by the author. I sincerely hope that all users of Magneto Pro will find their own "golden" patterns using the provided resources. Be careful when averaging open positions and stick to the money management rules!

sunnychow
7769
sunnychow 2019.03.22 16:38 
 

It is good work, thanks for share

Shaheen Hassanali
10373
Shaheen Hassanali 2018.12.04 20:55   

Has merit

Ger30
193
Ger30 2018.10.26 13:01 
 

with pivot & camarilla this is the absolute best indicator levels I've ever seen

every morning the price will be attracted by the white line magneto &camarilla and there

if it has a lot of strength it breaks otherwise it rebounds

the boomerangs are ecceptional if they are close to pivot

if combined with "low level tick strength indicator "this Magneto becomes a fantastic trade system

must calibrate Percent from 17

AlexanderV
28
AlexanderV 2017.11.27 11:13 
 

Хороший помощник к торговой системе.

Спасибо!

Gennadiy Voltornist
12010
Gennadiy Voltornist 2017.11.12 18:49 
 

ユーザーはレーティングに対して何もコメントを残しませんでした

Jeremy Roach
2170
Jeremy Roach 2017.01.08 14:47 
 

ユーザーはレーティングに対して何もコメントを残しませんでした

Maksym Mudrakov
21365
Maksym Mudrakov 2016.08.30 19:42 
 

ユーザーはレーティングに対して何もコメントを残しませんでした

Katayoun Mehrabian
657
Katayoun Mehrabian 2016.07.25 03:16 
 

well done

shkipperr
300
shkipperr 2016.06.29 18:34 
 

ユーザーはレーティングに対して何もコメントを残しませんでした

Vadim Strelkov
7826
Vadim Strelkov 2014.05.06 15:17 
 

ユーザーはレーティングに対して何もコメントを残しませんでした

バージョン 2.121 2019.08.20
Причесал наконец код, стал менее требователен к ресурсам. Вывел код стрелки во входные параметры.
バージョン 2.12 2019.08.20
It is compiled in the latest version of metaeditor. As it stopped working in version 1090.
バージョン 2.0 2015.11.23
Corrected and added the "echo" levels.
バージョン 1.9 2015.11.17
Added the following changes on users' demands:
- adjusted the default settings;
- non-triggered balance lines are displayed as a dashed line before the price touches them;
- added alert and message window when the price touches support/resistance lines (boomerang, buy/sell zone).
バージョン 1.6 2015.10.26
Changed the settings menu for managing the indicator display.