ArgoLevelTradingMT4
The indicator determines the support / resistance levels at
graphics area, a certain "AllBars". Depending on the importance of
level (the number of fractal served for its formation, - the default 3, 5, 7, 10 varies through Level2Width parameter) changes line thickness. Its main task - to minimize manual work and simplify the analysis of the market. Taking into account the last bars of their
the number specified by the parameter "BarsActuality". If not fractals on the given distance,
which can be taken into account, rendering the line stops. With long-term
the price moves in a narrow corridor or using the indicator at low TF (M5, M15)
this value is better to increase.
You can draw sloped levels both
obliquely downward and upward with the possibility of two simultaneous multidirectional indicators.
For the convenience of the display depending on the trader's desire
There are three types of settings. The entire width of the screen Shift = 0 to zero bar "+, -" Shift (distance in bars) and for those who do not like large amounts of
graphic objects on the screen, - "AutoLevel" mode. Drawn only those levels that are on
"Distance" on the price, the rest - no
(Adjust according to the currency volatility). When changing market
removed some situations, others appear, respectively.
On the other settings:
- LevelColor - color lines.
- BarsForFract 0- number of bars in the fractal.
- AutoDeltaMaxGap - automatic installation settings LevelMaxGap
Delta and depending on the TF (given the number of tool marks). - Style - how to draw a line (Zero Level-horizontal, Up Level - with
slopes upwards, Dn Level - obliquely downward). - LevelMaxGap - distance from the line up of fractals, which will be
taken into account in its formation (AutoDeltaMaxGap = false). - Delta - deviation from the horizontal level for pitched
lines (AutoDeltaMaxGap = false).
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