Analyzer RS Levels MT4

Buy RS Levels MT4 trading application in the store of automated robot systems

The indi­ca­tor plots hor­i­zon­tal sup­port and resis­tance lev­els using group­ing of extrema. The lev­els are dis­played as lines whose col­or depends on how many times the lev­el was a sup­port or resis­tance line over the spec­i­fied inter­val. You can also dis­play coun­ters for sup­port, resis­tance and age of the lev­el in text for­mat. The age of the lev­el indi­cates how many bars back the lev­el had the most recent impact on the price (on the chart time frame as spec­i­fied in the set­tings). Giv­en the age of the lev­el, one can draw con­clu­sions on its influ­ence on the price at a giv­en point of time. 

RS Levels MT4

In dis­play­ing val­ues, the fol­low­ing abbre­vi­a­tions are used:

supp=1    //the level was once a support line over the specified interval
res=2     //the level was a resistance line twice over the specified interval
<-34      //the last influence on the price was 34 bars back

RS Levels MT4

Below is the descrip­tion of input para­me­ters.

Para­me­ter  Descrip­tion
Depth Scan­ning depth expressed as the num­ber of bars start­ing from the bar with index 0 or from the right­most bar (depends on the “Redraw when scrolling” para­me­ter val­ue).
Time Frame Chart time frame on which the lev­els are plot­ted. It can be equal to or dif­fer­ent from the open chart time frame. It is rec­om­mend­ed to select a slow­er time frame val­ue. E.g., if the indi­ca­tor is run­ning on M15 chart, it is best to select H1 as the time frame val­ue for lev­el iden­ti­fi­ca­tion.
Num­ber of near­est lev­els How many lev­el lines will be dis­played up and down from the cur­rent price.
Lev­el line style Style of the lev­el line.
Lev­el area Scope of the lev­el. It is expressed as points. It indi­cates the spread range of extrema grouped into a lev­el. The greater the val­ue, the more wide­ly spaced the lev­els will be.
Dis­play lev­el area Whether or not to dis­play the lev­el areas. If the val­ue is set to true, the areas will be dis­played as rec­tan­gles.
“Price” label posi­tion Posi­tion of the lev­el price val­ue. It can be dis­played on the left, on the right, in the mid­dle or not be dis­played at all.
“Sup­port” label posi­tion Posi­tion of the sup­port lev­el counter. It can be dis­played on the left, on the right, in the mid­dle or not be dis­played at all.
“Resis­tance” label posi­tion Posi­tion of the resis­tance lev­el counter. It can be dis­played on the left, on the right, in the mid­dle or not be dis­played at all.
“Old” label posi­tion Posi­tion of the age of the lev­el. It can be dis­played on the left, on the right, in the mid­dle or not be dis­played at all. Tak­ing into account the mean­ing of the val­ue dis­played, it is rec­om­mend­ed to select the “Right” posi­tion.
Font Text font.
Font size Font size of the text.
Redraw when scrolling It deter­mines the indi­ca­tor behav­ior when scrolling down.
  • If it is set to true, the indi­ca­tor will be recal­cu­lat­ed, being bound to the right­most bar on the screen;
  • if it is set to false, the indi­ca­tor will always be bound to the bar with index 0.

 

RS Levels MT4
Relat­ed Posts
Analyzer Analyzer PRO
The best real-time forex ana­lyz­er with pow­er­ful addi­tion­al fea­tures for pro­fes­sion­al traders and EA devel­op­ers. This clear­ly arranged dis­play shows you instant­ly, which cur­ren­cy com­bi­na­tion is best to trade on …
READ MORE
Analyzer PipFinite Breakout Analyzer
Back­ground Pipfi­nite cre­ates unique, high qual­i­ty and afford­able trad­ing tools. Our tools may or may not work for you, so we strong­ly sug­gest to try the Demo Ver­sion for MT4 first. Please …
READ MORE
Analyzer EQUITY GUARD
Equi­ty Guard is ded­i­cat­ed to all the brave Forex traders who have lost big mon­ey and nev­er gave up. Equi­ty Guard is not a “Trad­ing Advi­sor”, but a “two in …
READ MORE
Analyzer PipFinite Strength Meter
Back­ground Pipfi­nite cre­ates unique, high qual­i­ty and afford­able trad­ing tools. Our tools may or may not work for you, so we strong­ly sug­gest to try the Demo Ver­sion for MT4 first. …
READ MORE
Analyzer VR SIGNAL ANALIZ
The expert advi­sor is designed for the visu­al analy­sis of a sig­nal provider’s trade from mql5.com for MT4 ter­mi­nal. Demo ver­sion: VR SIGNAL ANALIZ demo. Lim­i­ta­tions: num­ber of orders dis­played for …
READ MORE
Analyzer Pro4ex trading Suite
The PRO4EX TRADING SUITE pro­vide essen­tial infor­ma­tion of mar­ket con­di­tion, mon­ey man­age­ment, price action and trade sig­nals. It is stand­alone trad­ing suite, but also can be used to enhance your own …
READ MORE
Analyzer Pattern stat
The idea of the Pat­tern Stat indi­ca­tor came from the 3rd assump­tion of tech­ni­cal analy­sis: The mar­ket is reg­u­lar but the his­to­ry tends to repeat itself.Now, each trad­er can check …
READ MORE
Analyzer Pairs Signs Expert Advisor MT4
Pairs Signs is the name of this Expert Advi­sor because it acts as an indi­ca­tor and it ana­lyzes 28 pairs and there­fore its out­put is index­es of 8 cur­ren­cies as …
READ MORE
Analyzer PriceAction Finder
Non trad­ing Expert Advi­sor Price­Ac­tion Find­er The Expert Advi­sor search­es for Price­Ac­tion for­ma­tions (pin-bars and bullish/bearish engulf­ing) simul­ta­ne­ous­ly on 4 time­frames. When any such fig­ure appears, the EA gen­er­ates an Alert indi­cat­ing …
READ MORE
Analyzer RainbowTrend
A visu­al indi­ca­tor of the trend and strength of the cur­ren­cies in the form of his­tograms and tables on the main chart, graph of the chang­ing trends of cur­ren­cies and …
READ MORE
Ana­lyz­er Ana­lyz­er PRO
Ana­lyz­er PipFi­nite Break­out Ana­lyz­er
Ana­lyz­er EQUITY GUARD
Ana­lyz­er PipFi­nite Strength Meter
Ana­lyz­er VR SIGNAL ANALIZ
Ana­lyz­er Pro4ex trad­ing Suite
Ana­lyz­er Pat­tern stat
Ana­lyz­er Pairs Signs Expert Advi­sor MT4
Ana­lyz­er Price­Ac­tion Find­er
Ana­lyz­er Rain­bowTrend

Leave a Reply

 

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.