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Level Chaser

Level Chaser is an excellent price action indicator. It helps you to identify what the market is doing, where the prices are heading and what levels could be respected.

In addition to the entry signals, it allows you to draw two trendlines, in two different timeframes, methods and periods, along with daily and weekly pivot lines, and filter the entries based on the moving averages.

The entry signals are price action based, and can be filtered by the trendlines.

All these help you make a decision of buy or sell.


The entry signals appear on the close of the current candle, they never repaint or backpaint. The entry is the open of the next candle after the entry signal.

The indicator is not designed to trade the arrows blindly, please do not use and review the indicator as such.



Indicator parameters :

  • Draw primary moving average : True by default  : allows you to show / hide the primary moving average
  • Filter signals based on primary MA : True by default : filters the signals based on MA. When MA uptrends, only buy signals will be shown. When MA downtrends, only sell signals will be shown. If it is set to true, the indicator will show all signals, regardless of the trendline
  • Primary MA period : you can select the period of the first MA
  • Primary MA timeframe :  you can select the timeframe for the first MA. Please note that if the selected timeframe is lower then the current timeframe on chart, the indicator will automatically display the MA as on the current timeframe.
  • Primary MA method : you can select the method of the first MA ( simple, exponential, smoothed, linear weighted )
  • Draw secondary moving average : True by default : allows you to show / hide the secondary moving averag
  • Secondary MA period : you can select the period of the second MA
  • Secondary MA timeframe :  you can select the timeframe for the second MA. Please note that if the selected timeframe is lower then the current timeframe on chart, the indicator will automatically display the MA as on the current timeframe.
  • Secondary  MA method : you can select the method of the second MA ( simple, exponential, smoothed, linear weighted )
  • Draw daily pivot lines  : show / hide daily pivot, s1, s2, s3, r1 r2, r3
  • Draw weekly pivot lines : show / hide weekly pivot, s1, s2, s3, r1, r2, r3
  • Alerts : enable / disable alerts for arrows
  • Send mail :  enable / disable mail notifications
  • Push notifications : enable / disable push notifications for mobile terminals

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Версия 1.1 2020.02.27
Version 1.01