About the Level Sensor Forex Indicator
The Level Sensor Forex Indicator for MT4 is a tool designed to help traders quickly identify market conditions using defined support and resistance levels.
It highlights when price moves into bullish or bearish zones, giving traders a clear sense of trend direction.
The indicator appears in the main MT4 chart window as an orange-colored box, marking key market levels.
When price trades above the upper line of the box, it signals bullish momentum.
When price moves below the lower line, it indicates bearish pressure.
This system is beginner-friendly and works across all currency pairs and timeframes.
Free Download
Download the “Level Sensor.mq4” indicator for MT4
Key Features
- Displays key levels directly on the MT4 chart
- Orange box highlights bullish and bearish zones
- Works across all currency pairs and timeframes
- Easy-to-use, suitable for beginners
- Helps identify trend direction quickly
- Can be combined with other indicators for confirmation
Indicator Chart
The chart shows the Level Sensor Forex Indicator applied to an MT4 chart.
The orange box highlights critical levels. Price above the upper line confirms a bullish trend, while price below the lower line confirms a bearish trend.
Guide to Trade with the Level Sensor Forex Indicator
Buy Rules
- Price must be trading above the upper orange Level Sensor line
- Open a buy trade when upward momentum is confirmed
Sell Rules
- Price must be trading below the lower orange Level Sensor line
- Open a sell trade when downward momentum is confirmed
Stop Loss
- Place a stop loss just below the lower box line for buys
- Place a stop loss just above the upper box line for sells
- Adjust the stop based on volatility and market conditions
Take Profit
- Target previous support or resistance levels for exits
- Optionally, trail the stop along the trend for larger moves
Practical Tips
- Trade in the direction of the confirmed zone to reduce false entries
- Avoid entering trades when price is inside the box without a breakout
- Use higher timeframes to validate trend strength before opening trades
Level Sensor + Super Forex Trend Reversal Day Trading Strategy for MT4
This MT4 day trading strategy combines two highly effective tools: the Level Sensor Forex Indicator and the Super Forex Trend Reversal Indicator.
Together, they form a simple yet powerful approach to capture strong intraday moves and early reversals.
The Level Sensor helps identify the dominant trend direction, while the Super Forex Trend Reversal Indicator pinpoints precise turning points where momentum shifts in your favor.
This method works best on the M15 and H1 time frames and is suitable for day traders who prefer a clean setup with visual confirmation.
It can be applied to most major currency pairs such as GBP/JPY, EUR/USD, and AUD/NZD.
The strategy aims to enter trades at moments of low risk and high probability when the overall market direction aligns with a confirmed reversal signal.
Buy Entry Rules
- Price is trading above the upper orange Level Sensor line, confirming a bullish market condition.
- A green histogram bar appears on the Super Forex Trend Reversal Indicator, indicating an upward reversal signal.
- Enter a buy trade at the open of the next candle.
- Place a stop loss 3 pips below the most recent swing low or below the lower Level Sensor line.
- Set take profit at 40–60 pips, depending on volatility or when an orange bar appears signaling a potential trend shift.
Sell Entry Rules
- Price is trading below the lower orange Level Sensor line, confirming a bearish market condition.
- An orange histogram bar appears on the Super Forex Trend Reversal Indicator, indicating a bearish reversal.
- Enter a sell trade at the open of the next candle.
- Place a stop loss 3 pips above the most recent swing high or above the upper Level Sensor line.
- Set take profit at 40–60 pips or when a green bar forms showing possible upside momentum.
Advantages
- Combines trend direction with reversal timing for more accurate entries.
- Works across multiple time frames and pairs.
- Visually simple setup, easy for beginners to follow.
- Reduces false entries by aligning two confirming indicators.
- Provides clear stop loss and exit management.
Drawbacks
- It may generate fewer signals in ranging markets.
- Performance depends on selecting pairs with good volatility.
- Reversal signals can appear late during strong trends.
- Requires disciplined trade management for best results.
Case Study 1 – EUR/JPY M30 Chart
In a Tuesday session, EUR/JPY traded steadily above the upper orange Level Sensor line, confirming a bullish trend.
A green histogram bar then appeared on the Super Forex Trend Reversal Indicator around 161.20.
A buy entry at 161.25 with a stop loss at 160.95 and a take profit at 161.85 resulted in a 60-pip gain within four hours as momentum continued to rise before an orange reversal bar appeared.
Case Study 2 – AUD/USD H1 Chart
Later in the week, AUD/USD was trending below the lower Level Sensor line near 0.6620.
The Super Forex Trend Reversal Indicator printed an orange bar confirming a downward reversal.
A sell position opened at 0.6618 with a 25-pip stop loss and a 50-pip take profit, closed successfully at 0.6568 before the next green bar hinted at a potential rebound.
The clean alignment between the two indicators delivered an efficient short setup with minimal drawdown.
Strategy Tips
- For higher accuracy, trade only when both indicators align clearly and avoid entries during flat market conditions.
- Stick to major currency pairs with good volatility like GBP/JPY, EUR/JPY, or AUD/USD.
- Adjust stop loss and take profit levels based on the pair’s average daily range.
- For more confirmation, you can also observe price action near support and resistance zones before entry.
- Keep your risk per trade below 2% of your account balance to ensure consistency over time.
This strategy provides a structured and reliable approach for day traders seeking to trade intraday trends and reversals with clarity and confidence on the MT4 platform.
Download Now
Download the “Level Sensor.mq4” indicator for Metatrader 4
FAQ
How do I know when a trend is strong using the Level Sensor?
A strong trend is indicated when price moves well above the upper line or below the lower line with consecutive candles confirming the direction.
Avoid trades when price hovers near the box without momentum.
Can this indicator be used for intraday trading?
Yes. The Level Sensor works well on lower timeframes for scalping and short-term setups, while higher timeframes provide longer-term trend guidance.
How should I set stop loss and take profit?
Stops should be placed just beyond the box lines to account for normal market fluctuations. Take profit can be set at prior support/resistance or trailed along the trend.
Does the indicator work on all currency pairs?
Yes. The Level Sensor is flexible and can be applied to any currency pair or timeframe, making it a versatile tool for multiple trading strategies.
Summary
The Level Sensor Forex Indicator for MT4 is a practical tool for identifying bullish and bearish market conditions.
Its simple orange box helps currency traders quickly see when the market is trending and when to avoid sideways price action.
It works well for both beginners and experienced traders, providing a clear reference for entries, stop loss, and take profit levels.
The indicator’s design helps maintain disciplined trading while reducing guesswork.
When combined with other trend or momentum indicators from the strategy section, the Level Sensor can improve trade accuracy and confidence, making it a valuable addition to any trading approach.
