Level Sensor is a free mt4 (Metatrader 4) Forex indicator that can be used for both trade entries and exits or as an additional signal indicator that works closely together with your own favorite trading strategy or system.
The indicator appears in the main MT4 chart window in the form of an orange colored box.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Level Sensor.mq4” indicator for MT4
Indicator Chart (EUR/USD H4)
The picture below shows the Level Sensor mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Level Sensor Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Signal
Does the indicator repaint? No.
