Elite SR – Advanced Level Indicator for automatic detection of support and resistance levels with different degree of creditibility should become a part of your trading arsenal. This indicator is accessible via iCustom function and provides level values as well as their degree of creditibility. Elite SR is fully adjustable and can work on any time-frame with any trading instrument!
Features
- Easy to use (just drag and drop to the chart)
- Possible to use with any trading instrument
- Possible to use on any time-frame
- Fully adjustable
- Levels breakout alerts and notifications
- Possible to use with an Expert Advisor via iCustom function
* iCustom access example *
Are you interested in getting code sample for usage with iCustom function? Do you want to design your own trading system based on this indicator?
- Step 1: You have purchased a copy of Elite SR
- Step 2: Fill the form in here and to the “Message” field put exactly: Elite SR MT4 iCustom
- Step 3: Submit the request
Detailed Information
Parameters
Main Settings
- Mode – Select indicator mode
- Auto_Strong – for stronger levels detection (for longer period trading)
- Auto_Medium – optimized level detection
- Auto_Weak – detects also less strong levels
- Custom – Select this mode if you want to adjust all parameters for levels detection
- Magic – Unique Magic number if used more indicator instances in one chart
- UseOpenClose – If false the algorithm will use high/low values for detection, if true the algorithm will use open/close values
- Mode – Select indicator mode
Custom Mode Settings
- BasicLevelsStrength – Basic level strength
- Higher value will detect stronger levels
- LevelsStrengthIncrement – Increment for additional levels detection
- Higher value will detect stronger levels
- LevelsStrengthCount – Number of detected strength steps
- MaxLevelsPerStrength – Maximum found levels per strength step
- LevelThresholdMargin – Ratio for filtering levels too close to each other (stronger level has priority)
- BasicLevelsStrength – Basic level strength
User Settings
- ResistanceColor – Color for resistance lines
- SupportColor – Color for support lines
- DisplayLevels – Show/Hide lines on chart
- LevelsInBackground – Show levels in background/foreground
- LineThicknessMultiplier – Select line thickness multiplier, higher value means thicker lines
- EnablePushNotifications – Enable/Disable push notification for levels breakout
- EnableAlerts – Enable/Disable alerts for levels breakout
