As the name suggests, the Levels for Options Traders indicator for Metatrader 4 displays interesting price levels that can be used by options traders.
The indicator appears in the main MT4 chart window and draws the options levels on the chart for ease of use.
Free Download
Download the “levels for options.mq4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The example chart below displays the Levels for Options Traders 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 Levels for Options Traders 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: Options
Does the indicator repaint? No.
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Download the “levels for options.mq4” indicator for Metatrader 4
