Forex lines (levels) indicator.

In order to have an idea of ​​the dynamics of price movement over a certain time period, you need to build support and resistance lines or use other levels.

You can perform this action either manually or using technical analysis tools, one of such tools is the Forex levels indicator. If desired, these levels can also act as the boundaries of the price channel.

Forex levels indicator - after installation, it automatically builds a grid of lines, which are quite convenient to use in most trading strategies.

The advantage of this indicator is its maximum simplicity; at the same time, with the right approach, you can easily determine the most favorable entry points.

 Installation of the tool follows a standard scenario, after which all you have to do is perform simple settings.

Setting up the Forex levels indicator.

Yesterday is an indicator of the initial data for calculating price levels, the default is 0, the history is calculated in days, if you set the indicator to 2, then the data will be taken two days ago.

Levels – the number of lines that will be displayed on the terminal screen is set to 20; for convenience, the picture can be adjusted by the display scale.

The remaining settings concern the purely visual display of text and colors.

Also in the upper right corner of the screen the Step indicator is displayed, which shows market fluctuations for the studied date.

The tool can be used in such trading strategies as scalping , channel trading, and breakout trading.

Download Forex level line indicator.