Strongest Higher Level

Description

Strongest Higher Level - LED automatic marking the nearest level of resistance and support in the main chart window on the basis of price higher period (timeframe) that distinguishes it from the indicator Strongest Level.

Repeated use of the indicator with different settings for the number of bars creates a system of support and resistance levels!

The indicator calculates and building levels by the number of bars set by the user. It is recommended to set the number of the golden section Fibonacci (13, 21, 34, 55, 89, 144, 233, 377, 610, etc.).

The user is given the opportunity to level coloring. At the request of the user indicator can show the level with different ways to display and tips (see. Inputs).

appointment

The indicator can be used for manual or automatic trading in the composition. For automatic trading can be used type indicator value buffer double:

• Significance level - buffer 0 should not be equal to 0.

Input parameters

1. Bars_Number - the number of bars.


2. Timeframe - period schedule:
   
   
   
   • 0 - PERIOD_M1
   
   
   • 1 - PERIOD_M5
   
   
   • 2 - PERIOD_M15
   
   
   • 3 - PERIOD_M30
   
   
   • 4 - PERIOD_H1
   
   
   • 5 - PERIOD_H4
   
   
   • 6 - PERIOD_D1
   
   
   • 7 - PERIOD_W1
   
   
   • 8 - PERIOD_MN
   
   


3. Line_Type - line type:
   
   
   
   • 0 - continuous line (default).
   
   
   • 1 - segment having a length equal to the number of bars.
   
   


4. Style - the line style:
   
   
   
   • 0 - solid line (default).
   
   
   • 1 - dashed line.
   
   
   • 2 - dotted line.
   
   
   • 3 - dot-dash line.
   
   
   • 4 - dot-dashed line with double dots.
   
   


5. Width - width of the line.


6. Line_Color - color line.


7. Symbol_Right_Price - flag to install the right price tag.


8. Screen_Info - flag to display information about the amount used to calculate the bars.

When the chart period (Timeframe) selected the wrong current or lower, the indicator will automatically adjust the performance of the nearest a higher level. Except, of course, is a month period.

recommendations

The indicator may advantageously be used in conjunction with other indicators, for example: Channel Keltner + Heiken Ashi, Price channel impulse system, Fibonacci levels, etc.

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