Real Authors:
Doblece, Domas4 & Traderathome
Hey fellow traders! If you're looking to level up your trading game, let me introduce you to the PrimeLevelsBlack indicator for MetaTrader 4. This nifty tool can place up to six lines on your chart at key levels of your choice, creating a clear and organized trading setup.
With the PrimeLevelsBlack indicator, you can place your lines in a successive pattern, repeating as many times as you like. For instance, you might want to set your lines at the whole number, plus 20 pips, plus 33 pips, plus 50 pips, plus 66 pips, and plus 80 pips, only to repeat the pattern at the next whole number. You can create as many levels above and below your initial range as you wish, or simply let the indicator fill in the gaps automatically as the price moves.
One of the best features? You can customize each line's color, style, and thickness. Want to switch off a line? No problem! You can toggle each line individually, and even control the right margin price labels when the lines span the full width of the screen.
Need to focus on a specific candle? You can have the lines stop right there, and if you want to get extra detailed, you can even subordinate lines. Just enter the last two digits of the price level to set it up.
The labels for your lines are just as customizable. Choose the color, font size, and style, and you can even name your labels (like “Psych Level”) along with the price. Position them anywhere from the right of the current candle (0) to far left (100). Just keep in mind that zooming in and out may shift their position, but they’ll snap back into place with the next tick.
And if you ever want to take a break from the indicator, there’s an ON/OFF switch to keep your settings intact. Plus, you can set a time frame above which the indicator won’t display, making it easier to analyze larger time frames without clutter.
EURUSD.f, H1: PrimeLevelsBlack
EURUSD.f, M15: PrimeLevelsBlack
EURUSD.f, M5: PrimeLevelsBlack
Inputs page 1
Inputs page 2
Acknowledgments:
- Doblece: For the code that makes this indicator compatible with platforms that have unconventional point digits (0.00001 and 0.001). Also, thanks for adding customizable line levels that default to 66 and 33, where price often bounces.
- Domas4: For the code allowing automatic disabling of the indicator above any user-set time frame.
- Shimodax: For the initial idea and core code inspiration (ref: SweetSpots.mq4).
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