This indicator will set up to 6 lines, at prime levels of your own choosing, in a sequential pattern on the graph. You can have the pattern replicated as many times as you like. By way of example, you might select lines to be placed at the entire amount, plus 20 pips, plus 33 pips, plus 50 pips, plus 66 pips, plus 80 pips and then the next whole number again. This assortment of lines can then be repeated both above and below this initial range. Or, you can select zero additional ranges and the initial range will automatically fill under or over the upcoming whole amount as the cost moves there.
The lines can separately be of any colour and style, and of any thickness when using strong lines. You are able to turn on/off each line individually. When lines are full screen wide, it is possible to turn on/off the ideal margin price labels. You can select to have the lines stop in the current candle. Lines can be subordinated.
The tags for the lines may be of any colour, font size and font style. You are able to provide the labels a name of your choice (example: Psych Level) and include the purchase price. Labels could be positioned from right of the candle (0), to far left (100), and they are able to be subordinated. Zooming in and out on the graph will displace the tags, but with the next data tick, their chosen position is restored.
The indicator has an ON/OFF change so it’s possible to turn the indicator off when the display of the prime amounts is not desired, yet maintain your settings for the graph. You could even enter a time frame, over which the index will automatically not display. This permits shifting to bigger time frames for evaluation, and having a chart clear of this index’s screen.
Currency MT4 Indicators — Download Instructions
PrimeLevelsBlack Forex Indicator is a Metatrader 4 (MT4) index and the essence of the forex index is to alter the accumulated history information.
PrimeLevelsBlack Forex Indicator supplies for a chance to detect a variety of peculiarities and patterns in price dynamics that are imperceptible to the naked eye.
According to this advice, traders can assume further price movement and adjust their approach accordingly.