Price Levels

Description

The indicator is intended for labeling the chart using horizontal levels and/or half-round prices. The indicator works on any financial instrument regardless of the name and the number of digits.

A user can choose colors for the indicator lines.


Input Parameters

  1. Calc_Method - method of calculation of the lines:
    • levels of round prices.
    • levels of half-round prices.
  2. Digits_Accepted - flag for calculating the levels according to number of decimal places in the quotes of a financial instrument:
    • true - considering the number of decimal places.
    • false - without considering the number of decimal places.
  3. Level_Color - color of the lines displayed.

    On default, the system calculates and plots the levels of half-round prices.


    Purpose

    The indicator can be used for manual or automated trading within an Expert Advisor. For automated trading, use any indicator buffer of the double type:

    1. Highest level - buffer 0.
    2. Lowest level - buffer 1.

    Intermediate levels should be calculated using a step that corresponds to a half round or round price values and considering the highest and lowest levels obtained by examining the values of the indicator buffers on the corresponding bar.


    Limitations

    For the indicator to work there should be at least 50 bars available for the financial instrument. Otherwise it will show an error message suggesting to update the price history data base. 

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    5 (1)
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    Versão MT5 disponível aqui: https://www.mql5.com/en/market/product/50538 Canal e grupo no Telegram: https://t.me/bluedigitsfx Acesso ao grupo VIP: Envie o comprovante de pagamento para nossa caixa de mensagens Corretora recomendada: https://bit.ly/BlueDigitsFxStarTrader BlueDigitsFx OBV Divergence — Indicador poderoso para MT4 que identifica divergências OBV e ajuda a prever reversões de mercado O indicador BlueDigitsFx OBV Divergence analisa o preço e o On-Balance Volume (OBV) para identif
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    Description A universal colored indicator Stochastic. The rising and falling lines and the levels of the indicator can be colored.   The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following nineteen other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distribution of volume. OBV - On Balance Volume. Volume - tick volume indicator. AC - indicator of acceleration. AO
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    Description A colored universal multicurrency/multi-symbol indicator  MACD Histo Smart  (MACD histogram) based on double or triple moving average .  Comparing to the standard MACD Histo this indicator is more sensitive to what allows generating advance signals. he indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument
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