Levels of Timeframes

Hello.

I want to show you my development, the Levels of Timeframes indicator for MT4 & MT5.

The indicator shows the High/Low/Open/Close Levels from other (non-standard) timeframes - Year, 6 Months, 4 Months, 3 Months, 2 Months, Month, Week, Day, 4-6-8-12 Hours. You can also set the shift for opening candles and build virtual candles.
"Period separators" for one of these timeframes is available in the form of vertical lines. Alerts can be configured for breakouts of the current or previous levels.
You can also shift all levels to the right by one period. That is, the High/Low of the previous period will be shown on the current period.

Demo version you can download directly from MT4, from the Market tab. And you can try it in the strategy tester, in the visual mode.

Video with indicator capabilities:


Some pictures:







Parameters

1. Number of levels to calculate (0-all) — how many bars will be displayed on the screen.
2. Change the opening of bars (hours) — shift the opening of candles by n-hours. The indicator will draw virtual bars taking into account the new opening time. Periods above MN1 do not change.
3. Move the levels to the right — moves all levels one bar to the right. You will see previous levels on the current candle..
4. Period Separator (vertical lines) — displays a vertical line, period separator.
5. Show Open Line — timeframe for which the open price line will be drawn.
6. Show Close Line — timeframe for which the close price line will be drawn.
7. Week starts on Sunday — in the terminal, by default, W1 candles start on Sunday. If set to 'false', the week will start on Monday.

Show levels:

1. H4 — show data from the H4 period.
2. H6-H12
3. Day — show data from the D1 period.
4. Week — show data from the W1 period.
5. Month 1 — show data from the MN1 period.
6. Month 2 — show data from the MN2 period.
7. Quarter — show data from the MN3 period.
8. Month 4 — show data from the MN4 period.
9. Half-year — show data from the MN6 period.
10. Year — show data from the Y1 period.
11. Move the levels to the right — shift all levels to the right by one period.
12. Period Separator (vertical lines) — period separator. Will be displayed as vertical lines on the chart.

Alerts:

1. Alert when 'Round level' — send an alert when the price touches a round level.
2. Alert when 'Current Highs-Lows' — send an alert when the price touches the current levels.
3. Alert when 'Previous High-Low' — send an alert when the price touches the previous levels.
4. Pop up alert — pop-up alerts.
5. Push notifications — push notifications.
6. E-mail notifications — e-mail notifications.
7. Sound alert — sound alerts.

Colors:

1. H4 — color of the H4 period lines.
2. Day — color of the D1 period lines.
3. Week — color of the W1 period lines.
4. Month 1 — color of the MN1 period lines.
5. Month 2 — color of the MN2 period lines.
6. Quarter — color of the Q1 period lines.
7. Month 4 — color of the MN4 period lines.
8. Half-year — color of the MN6 period lines.
9. Year — color of the Y1 period lines.
10. Period Separator — color of the period separator lines.

Line style:

1. H4 — style of the H4 period lines.
2. Day — style of the D1 period lines.
3. Week — style of the W1 period lines.
4. Month 1 — style of the MN1 period lines.
5. Month 2 — style of the MN2 period lines.
6. Quarter — style of the Q1 period lines.
7. Month 4 — style of the MN4 period lines.
8. Half-year — style of the MN6 period lines.
9. Year — style of the Y1 period lines.
10. Period Separator — style of the period separator lines.

Line width:

1. H4 — width of the H4 period lines.
2. Day — width of the D1 period lines.
3. Week — width of the W1 period lines.
4. Month 1 — width of the MN1 period lines.
5. Month 2 — width of the MN2 period lines.
6. Quarter — width of the Q1 period lines.
7. Month 4 — width of the MN4 period lines.
8. Half-year — width of the MN6 period lines.
9. Year — width of the Y1 period lines.
10. Period Separator — width of the period separator lines.

Round Levels

1. Show round levels.
2. Rounding (points).
3. Number of levels displayed (up and down) — the number of levels to display, up and down from the current level.
4. Color.
5. Width.
6. Style.

Added version for MT5.
Levels of Timeframes for MT5.

update 2.10 for MT4 & MT5
Added the option "Change the opening of bars". Now you can see the virtual candles.

and for MT5 only — Added periods H6, H8, H12.

Version 2.30 2021.01.14
1) Added parameters for showing open and close lines.

Version 2.40
1) Added parameter "Week starts on Sunday".

Version 2.50
1) Added round levels, and alerts for them.

Version 2.60
1) Added options to disable drawing of Highs/Lows levels. Now you can only see the Close levels.
2) Added the "All TF for Highs & Lows" option to draw Close/Open levels. You can now see these levels from many timeframes.

Version 2.70
1) Added alerts when crossing the Close levels.
2) Fixed a bug with drawing Close levels on the current bar.

Version 2.80
1) Added levels for the H1 timeframe

Hey,
I just bought the product, please can you add the option to expand the levels like a proper support/resistance instead of leaving them just for a period of time ?

Version 2.90
1) Added parameter extending all levels to the right "Ray to the right".

Hi Tecciztecatl,

Great indicator you have created!

I am thinking of purchasing your indicator. Before that, can I confirm if your indicator works well with H4 High and Low on Gold. I need the indicator to print the High and Low of H4 the way I want as my trading criteria depends on them.

Due to the fact that Gold opening hour is 1 hour later than currencies, the H4 rollover sometimes is a bit mixed up when the High Low of H4 indicator is involved. Please take a look at my attachment to see if your indicator prints the High Low of H4 the way I think it is "supposed" to be. Please provide screenshot if possible. Thank you very much.

Hello.
You can download the demo from the Market tab and check it out in the Strategy Tester.
If something is wrong I can fix it.

Hi Tecciztecatl,

Thank you very much for your reply.

I tried using the Strategy Tester but the settings of the indicator cannot be adjusted due to limitation of a demo version. Thus I am not able to see how the H4 High Low lines are like. See attached. But I guess my issue (if there is any) can be easily resolved by adjusting the "Change the opening of bars (hours)" under the Variable tab in the indicator settings.

One more last question here as I noticed that the indicator does not show the Previous High-Low lines instead only alert when Previous High-Low is touched. If I want to see the Previous High-Low lines, what should I do? Does clicking "Ray to the right" solve this issue?

Please advise. Thank you very much.

I made a video on how to test the indicator in the Strategy Tester.



To move the levels to the right, enable the "Move the levels to the right" option.

(check it out in the Strategy Tester)

Hi Tecciztecatl,

Thank you so much for making the video for me and answering my queries. Now I'm laughing at myself for testing it the wrong way (right-click the indicator on the chart to pull out the settings).

I'll be buying the indicator tomorrow.

Cheers.

Hi Tecciztecatl,

I bought your indicator yesterday. I must say that it's a great indicator! Well Done!

Do you think you are able to separate the alert according to their different time frames? For example in my case, I call out the Previous High Low of H4, H1, Day, Week and Month. So when I have the alert on, there will be too many alert prompts when I only wanted alert prompt when High Low of Previous Day, Week and Month is touched. You think it's a good idea to individualise these alerts according to their difference time frame? Sorry if I'm asking too much as I do not know how much of programming is needed to make these new changes. Maybe next update on the indicator?

Thank you very much.

Version 3.0
1) Added TF list parameter for alerts - "Allow alerts for timeframes". If this parameter is empty, then all alerts will be sent.

Wow.. Spendid! Thank you very much!!

Hi Tecciztecatl,

I discovered 2 issues here. Don't know if I'm doing something wrong or not. Please see attachment.

Thank you.

For clarification, Issue #2 only happen to Gold on Monday. It doesn't affect other days or other currencies.