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Levels Indicators

When you need some important levels found and marked on your charts, you use custom levels indicators for that. As the title of this indicator subgroup suggests, they are designed to provide you with major price levels, which you can further use according to your own trading system.

The levels detected by such indicators can be anything: support and resistance, supply and demand, math-derived levels, or just user-defined values.

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How to benefit from levels indicators?

  • Levels indicators can be used to keep you informed of how the price moves via alerts.
  • Some levels are based on rather complex calculations and, in theory, can provide important levels of price attraction or pivot.
  • Traditional support and resistance detection for understanding where most of the retail traders will concentrate their stop-loss and take-profit orders.
  • Combine multiple levels indicators on a single chart to find unexpected confluences.