{quote} Just read 1 message and follow the link for more detailed information. Using this indicator in its pure form, I am not sure about getting stable right deals. But add on your own experience and you can get the prospect. I use a combo of this indi, and other levels.
Hi Cash,
Welcome. I will be uploading the final version 2.0 soon (without the alert popup). That was just a pre-release.
Yes, the indicator will basically give you levels at the highest number of highs and lows (or just one of these, dep. on settings). You can limit the time range within which to look for these levels with vertical lines or a box (new in v2). It will be most accurate when you isolate a particular range that price is moving toward (using vertical lines or the box).
For example, this one happened just a few hour ago: Price moved quickly toward the reversal cup (box in chart). We want the price that the market is most likely to turn at which is usually hidden within a range at a better price than at the highs of the range (that's why I call them golden levels since you have to dig for them). Price hit a nice cluster of 3 golden levels and reversed at 114.45.
You have posted some good examples. Nice and clean!
I usually do not scalp that much within the ranges like the ones in your recent EUR/USD example. I like to trade on higher TFs at the edge of the ranges. In this case the levels had to be dug up manually since the ones generated from the box were set too deep within the range. 1.1200 was very valid because of the price knot from Sept 1st/2nd. Using your eyes always helps. 
1. You can now use an MT4 Rectangle box to hunt for levels. This means that you zero in on a specific range and fine-tune not just the time range you want to target but also the price range. Once drawn it can easily be resized and moved around the chart. 2. You can customize the style, width (integer value starting with 0), and color (R,G,B color value) of the golden levels generated....
