Key Level Forex Indicator (MT4)

The Key Level Forex indicator for mt4 (Metatrader 4) analyses the chart and provides two key levels for both long and short trade price breakouts.

The indicator appears on the main MT4 chart as two horizontal lines, the upper red line for long breakout and the lower red line for short breakout.

Open a buy trade as soon as the price closes above the upper red key level line.
Open a sell trade as soon as the price closes below the lower red key level line.

This indicator can be used as a standalone trading tool for both buy and sell trades.

Free Download

The picture below shows the Key Level 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 Key Level 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: Key levels

Does the indicator repaint? No.