Indicator Plots Lines on 00,22,50 Price Levels

[peteonthenet]

This is my favorite indicator, and its best used with price itself.

Hope this will help you guys in your trading.

94

There is parameter for this indicator named "sublevels" which is defaults to 250, this is for 5 digit brokers, please change it to 25 for 4 digit brokers.

[peteonthenet]

Here is a screnshot how the indicator looks on the chart, and you will see how price is moving around these lines. Sweet isnt it ? :yahoo:


http://www.autometatrading.com/fx/sweetchart.gif

[blackprince4u]

Here is a screnshot how the indicator looks on the chart, and you will see how price is moving around these lines. Sweet isnt it ? :yahoo:


http://www.autometatrading.com/fx/sweetchart.gif

Looks like this indicator combines pivot points with support and resistance.Don't know what will be the outcome of this strategy.So peteonthenet can you tell us for how long you are using this indicator and what are the results of this indicator.

[peteonthenet]

This indicator is purely plotting lines on prices ending with 00, 25, and 50. Nuthing to do with pivots or anything else.

But its amazing to see how price is moving along this lines. One thing is very sure though with this indicator, Price will always be touching these lines day after day, year after year ;-)

[peteonthenet]

Hello Tweaker,

This indicator will work on Candlestick and Bar charts as well.

Regards

[mbiut]

I think not too different and the problems between the bar and candlestick charts with lines that may be combined as a pivot point.
:yahoo:..

[peteonthenet]

Yes, these lines can be used in many different ways, like for entry points, stoploss levels, take profit levels, or just for support/resistance levels. All upto trader how he incorporates this in his own trading logics.




I think not too different and the problems between the bar and candlestick charts with lines that may be combined as a pivot point.
:yahoo:..

[peteonthenet]

Hello,

NO this wont necessarily show you the trend, but yes it can show you reversal points. So just put it on a chart and watch it a day or two and you will get the idea, the simple fact being that every currency value is represented in numbers.

So you can incorporate this indicator in your own trading logic and take advantage of it.



what is the benifit of this indicator????will it shows the trned and reversal??

[motiurbd]

It is more like a psychological level identifying indicator... It can be done easily with naked eyes... I dont think any need of this indicator... If you have shared a indicator like auto fibo or auto pivot indicator then it could be more helpful...

[anchitkole]

Looks like this indicator combines pivot points with support and resistance.Don't know what will be the outcome of this strategy.So peteonthenet can you tell us for how long you are using this indicator and what are the results of this indicator.

[sinaga]

sorry guys. I have downloaded this indicator and I have put on my MT4. but I am still confused as to how the workings of this indicator. and how the rules of trade confirmations untu open position? maybe you could explain further. Thank you. :)

[naziafarhan]

Yeh this is a good indocator and it plota the good sentimental lines on the chart. And it becomes very much helpful for the traders to use these levels for using them for their profit. I really love this indocator.

[zahidrock]

Please share screenshort for knowing more about this indicator. If you can share screenshort then others newbies can get more information about your shared indicator. I hope this is one of the good indicator.

[sinaga]

Yeh this is a good indocator and it plota the good sentimental lines on the chart. And it becomes very much helpful for the traders to use these levels for using them for their profit. I really love this indocator.
maybe you could show a picture of the indicators and how to use indicators that rule. you can also show how a minimal risk if we use it. good for the currency pair is used for what and what timeframe. maybe you could explain further. thank you

[jg6073727]

i cant understand what is 00,25 and 50. please use some simple things to shear. always care people with little bane because all are not same here. please send me some simple file to understand

[nirjon]

i didn't see any screen shoot here.i think it may delete bu some one.can you upload it again with user interface.so, will be waiting for this,so that i can make decision whether to use it or not.

[Borhan107]

How is it work? Are you use this indicator to your live trading account? How is it usefull. Please give full information about this indicator. Thank you for your post.

[nurivasyarifah]

appeal to traders who are here to provide an easier way to provide some indicator or even an image of the indicator template because I also wanted to share my indicator which I think is quite simple and goes a sharp observation, it's just always been alert to the news out

[thunderfast]

This is my favorite indicator, and its best used with price itself.

Hope this will help you guys in your trading.

94

There is parameter for this indicator named "sublevels" which is defaults to 250, this is for 5 digit brokers, please change it to 25 for 4 digit brokers.

thank you has been willing to share the indicator, permission download and try the indicator, I flavor could be more easily understood if you include up the drawing, you already using this indicator how long, what could be used in various TF??
thanks ......

[gose]

manual and highly dependent indicator of how and what we want, but for me and maybe some other traders still find it difficult to determine its value, may still need to be given guidance and theory to determine its value

[hmkowsar]

will it also work with candlesticks i am not at home using bar charts.i'd like to use candlesticks charts and this is mostly favorite i think .

[goldenmember]

I think that these lines are not really important. 00 and 50 gets broken all the time and they do not need an indicator to see it as you can see the line on your chart.

[kashifrehman]

This is really good indicator if we use it to find the potential buy and sell areas i use it along with fractals and this is really good for me i add to more indicator and my complete combination with this indicators is

Bollingerband
RSI
SweetSpots.zip
Fractals

[cozard007]

I was told lately that there is a very strong trading power around the 00,50,80,20, this is a magical thinking for me really, it was calimed the the reliability without stop loss is 100%.

[datorik]

I think that these lines are not really important. 00 and 50 gets broken all the time and they do not need an indicator to see it as you can see the line on your chart.

[runu]

I've noticed that this indicator is excavation with bar charts. Testament it also affect with candlesticks? I'm not at domestic using bar charts. I'd suchlike to use candlesticks charts and this is mostly pet I anticipate. Expectation that we'll get it for this identify of charts too.

[FOREX MAN]

that reviews one by one was alot why forex traders suffer losses orfailuress in trading but in general i have met from therir frendes greedy importiant do not use a good forex just wanna speculation assume taht forex agame not a job

[GDE LEO ADI SAPUTRA]

Very nice. Thank you very much sir..:good::good::good:

[nayeem01715]

Seems as if that warning includes pivot points with help in addition to level of resistance. Do not know precisely what could be the results of this plan. Consequently pentathlete are you able to show with regard to the time you're by using this warning in addition to do you know the results of that indicator.

[the professor]

Featured and new information in the lexical knowledge and comments more than useful.
Explicitly benefited from you and from the reactions of friends
Thank you and I wish success for all, God willing, and continue in the tender useful