The Trading Levels Forex indicator for mt4 (Metatrader 4) displays buy and sell entry levels on the chart that might give you an idea where to execute your next trade.
The indicator appears in the main MT4 chart window in the form of horizontally aligned blue and red lines.
Key Takeaways:
- The blue lines can be used as buy trade entry levels for long trades.
- The orange lines can be used as sell trade entry levels for short trades.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Levels.mq4” indicator for MT4
Indicator Chart (EUR/USD H4)
The example chart below displays the Trading Levels Forex 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 Trading Levels 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: Trend
Does the indicator repaint? No.
