Levels Indicator For MT5

Levels Indicator For MT5

Table Of Contents:

  1. Levels Indicator For MT5
  2. Installing the Levels Indicator For MT5
  3. Parameters of the Levels Indicator For MT5
  4. Buffers of the Levels Indicator For MT5
  5. Main Parts Of The Code

The Levels Indicator For MT5 draws horizontal support and resistance levels on the chart. Support is drawn with purple color and resistance is drawn with blue color. You can configure the timeframe which should be the basis to calculate the levels.

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Installing the Levels Indicator For MT5

After you downloaded the indicator via the form above you need to unzip the zip-file. Then you need to copy the file levels.mq5 into the folder MQL5\Indicators of your MT5 installation. After that please restart MT5 and then you will be able to see the indicator in the list of indicators.

Parameters of the Levels Indicator For MT5

The Levels Indicator For MT5 has 34 parameters to configure.

input ENUM_TIMEFRAMES TimeFrame=PERIOD_D1; //Chart period input int high_diap = 2000;                //Maximum range input int low_diap = 500;                  //Minimum range input color  Color_R5 = clrDodgerBlue; //Color of the R5 level input color  Color_R4 = clrDodgerBlue; //Color of the R4 level input color  Color_R3 = clrDodgerBlue; //Color of the R3 level input color  Color_R2 = clrDodgerBlue; //Color of the R2 level input color  Color_R1 = clrDodgerBlue; //Color of the R1 level input color  Color_S1 = clrMagenta;    //Color of the S1 level input color  Color_S2 = clrMagenta;    //Color of the S2 level input color  Color_S3 = clrMagenta;    //Color of the S3 level input color  Color_S4 = clrMagenta;    //Color of the S4 level input color  Color_S5 = clrMagenta;    //Color of the S5 level input STYLE  Style_R5 = SOLID_;         //Line style of the R5 level input STYLE  Style_R4 = SOLID_;         //Line style of the R4 level input STYLE  Style_R3 = SOLID_;         //Line style of the R3 level input STYLE  Style_R2 = SOLID_;         //Line style of the R2 level input STYLE  Style_R1 = SOLID_;         //Line style of the R1 level input STYLE  Style_S1 = SOLID_;         //Line style of the S1 level input STYLE  Style_S2 = SOLID_;         //Line style of the S2 level input STYLE  Style_S3 = SOLID_;         //Line style of the S3 level input STYLE  Style_S4 = SOLID_;         //Line style of the S4 level input STYLE  Style_S5 = SOLID_;         //Line style of the S5 level input Width  Width_R5 = Width_2;        //The width of the R5 level input Width  Width_R4 = Width_2;        //The width of the R4 level input Width  Width_R3 = Width_2;        //The width of the R3 level input Width  Width_R2 = Width_2;        //The width of the R2 level input Width  Width_R1 = Width_2;        //The width of the R1 level input Width  Width_S1 = Width_2;        //The width of the S1 level input Width  Width_S2 = Width_2;        //The width of the S2 level input Width  Width_S3 = Width_2;        //The width of the S3 level input Width  Width_S4 = Width_2;        //The width of the S4 level input Width  Width_S5 = Width_2;        //The width of the S5 level input uint TextSize=8; 

Buffers of the Levels Indicator For MT5

The Levels Indicator For MT5 provides 0 buffers.

Main Parts Of The Code

int OnCalculate(                 const int rates_total,    // amount of history in bars at the current tick                 const int prev_calculated,// amount of history in bars at the previous tick                 const datetime &time[],                 const double &open[],                 const double& high[],     // price array of maximums of price for the calculation of indicator                 const double& low[],      // price array of price lows for the indicator calculation                 const double &close[],                 const long &tick_volume[],                 const long &volume[],                 const int &spread[]                 )   { //----     if(_Period gt =TimeFrame) return(0);  //---- declarations of static variables       static double S1,R1,S2,R2,S3,R3,S4,R4,S5,R5;     if(prev_calculated!=rates_total)      {         int copy=1;       double iHigh[1],iLow[1],iClose[1];       if(CopyClose(NULL,TimeFrame,1,copy,iClose) lt copy) return(0);       if(CopyHigh(NULL,TimeFrame,1,copy,iHigh) lt copy) return(0);       if(CopyLow(NULL,TimeFrame,1,copy,iLow) lt copy) return(0);        int diap=0;       double Range=iHigh[0]-iLow[0];              if(Range gt high_diap) diap=1;       if(Range lt low_diap) diap=2;              switch(diap)         {          case 0: //Normal            {             S1 = iClose[0] - Range*0.236/2;             R1 = Range*0.236/2 + iClose[0];             R2 = Range*0.382+R1;             R3 = R1+2*Range*0.382;             R4 = R3 + (R1 - S1);             R5 = R4 + Range*0.382;             S2 = S1 - Range*0.382;             S3 = S1-2*Range*0.382;             S4 = S3 - (R1 - S1);             S5 = S4 - Range*0.382;            }          break;           case 1: //Reduced            {             S1 = iClose[0] - Range*0.146/2;             R1 = Range*0.146/2 + iClose[0];             R2 = Range*0.236+R1;             R3 = R1+2*Range*0.236;             R4 = R3 + (R1 - S1);             R5 = R4 + Range*0.236;             S2 = S1 - Range*0.236;             S3 = S1 - Range*0.236*2;             S4 = S3 - (R1 - S1);             S5 = S4 - Range*0.236;            }          break;           case 2: //Extended            {             S1 = iClose[0] - Range*0.382/2;             R1 = Range*0.382/2 + iClose[0];             R2 = Range*0.618+R1;             R3 = R1+2*Range*0.618;             R4 = R3 + (R1 - S1);             R5 = R4 + Range*0.618;             S2 = S1 - Range*0.618;             S3 = S1-2*Range*0.618;             S4 = S3 - (R1 - S1);             S5 = S4- Range*0.618;            }         }      }     SetHline(0,"R5_Line",0,R5,Color_R5,Style_R5,Width_R5,"Pivot "+DoubleToString(R5,_Digits));    SetHline(0,"R4_Line",0,R4,Color_R4,Style_R4,Width_R4,"Pivot "+DoubleToString(R4,_Digits));    SetHline(0,"R3_Line",0,R3,Color_R3,Style_R3,Width_R3,"Pivot "+DoubleToString(R3,_Digits));    SetHline(0,"R2_Line",0,R2,Color_R2,Style_R2,Width_R2,"Pivot "+DoubleToString(R2,_Digits));    SetHline(0,"R1_Line",0,R1,Color_R1,Style_R1,Width_R1,"Pivot "+DoubleToString(R1,_Digits));     SetHline(0,"S1_Line",0,S1,Color_S1,Style_S1,Width_S1,"Pivot "+DoubleToString(S1,_Digits));    SetHline(0,"S2_Line",0,S2,Color_S2,Style_S2,Width_S2,"Pivot "+DoubleToString(S2,_Digits));    SetHline(0,"S3_Line",0,S3,Color_S3,Style_S3,Width_S3,"Pivot "+DoubleToString(S3,_Digits));    SetHline(0,"S4_Line",0,S4,Color_S4,Style_S4,Width_S4,"Pivot "+DoubleToString(S4,_Digits));    SetHline(0,"S5_Line",0,S5,Color_S5,Style_S5,Width_S5,"Pivot "+DoubleToString(S5,_Digits));     datetime TextTime=time[rates_total-1]+PeriodSeconds();     SetText(0,"R5_Lable",0,TextTime,R5,"Resistance 5",Color_R5,"Times New Roman",TextSize,ANCHOR_LEFT_LOWER);    SetText(0,"R4_Lable",0,TextTime,R4,"Resistance 4",Color_R4,"Times New Roman",TextSize,ANCHOR_LEFT_LOWER);    SetText(0,"R3_Lable",0,TextTime,R3,"Resistance 3",Color_R3,"Times New Roman",TextSize,ANCHOR_LEFT_LOWER);    SetText(0,"R2_Lable",0,TextTime,R2,"Resistance 2",Color_R2,"Times New Roman",TextSize,ANCHOR_LEFT_LOWER);    SetText(0,"R1_Lable",0,TextTime,R1,"Resistance 1",Color_R1,"Times New Roman",TextSize,ANCHOR_LEFT_LOWER);     SetText(0,"S1_Lable",0,TextTime,S1,"Support 1",Color_S1,"Times New Roman",TextSize,ANCHOR_LEFT_LOWER);    SetText(0,"S2_Lable",0,TextTime,S2,"Support 2",Color_S2,"Times New Roman",TextSize,ANCHOR_LEFT_LOWER);    SetText(0,"S3_Lable",0,TextTime,S3,"Support 3",Color_S3,"Times New Roman",TextSize,ANCHOR_LEFT_LOWER);    SetText(0,"S4_Lable",0,TextTime,S4,"Support 4",Color_S4,"Times New Roman",TextSize,ANCHOR_LEFT_LOWER);    SetText(0,"S5_Lable",0,TextTime,S5,"Support 5",Color_S5,"Times New Roman",TextSize,ANCHOR_LEFT_LOWER);  //----    ChartRedraw(0);      return(rates_total);   } //+------------------------------------------------------------------+ 

 

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