Key Price Action Levels Indicator For MT4 Download - [TFlab]

The Key Price Action Levels Indicator, as a supply and demand indicator, identifies points on the MetaTrader 4 chart where the price has reacted in the past, indicating that these points may function as support and resistance zones or supply and demand areas.

This indicator usesdifferent colors to clearly display rounded levels on the chart.

Key PA Levels Indicator Specifications Table

Table below provides the specifications for the Key PA Levels Indicator:

Uptrend Conditions

The chart below shows the USD/CAD pair on a 5 minute timeframe. When the price reaches the key price action levels, important reactions such as breaking rounded lines, trend continuation, or reversal are observable.

Downtrend Conditions

The image below shows the GBP/USD pair on a 30 minute timeframe. When the price reaches the key price action levels, a trend reversal is possible; however, breaking the rounded levels increases the likelihood of the trend continuing downward.

Indicator Settings

Image displays the key parameters and settings for Key PA Levels MetaTrader 4 Indicator:

• Chart theme: Display Chart theme;
• Show – 00-50 levels: Display 00–50 levels;
• Show – 20-80 levels: Display 20–80 levels;
• Level – 00 – color: Level 00 color;
• Level – 50 – color: Level 50 color;
• Level – 20 – color: Level 20 color;
• Level – 80 – color: Level 80 color.

Conclusion

The Key PA Levels Indicator is an analytical tool applicable across all financial markets and supports multi timeframe usage.

By analyzing past price data, it identifies key price action levels. However, it does not directly generate buy or sell signals.