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

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MetaTrader4

MetaTrader5
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Key Price Action Levels Indicator For MT4 Download - [TFlab]
Key Price Action Levels Indicator For MT4 Download - [TFlab] 0
Key Price Action Levels Indicator For MT4 Download - [TFlab] 1
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The Key Price Action Levels Indicator, as a MetaTrader4 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:

Indicator Categories:
Price Action MT4 Indicators
Support & Resistance MT4 Indicators
Levels MT4 Indicators
Platforms:
MetaTrader 4 Indicators
Trading Skills:
Intermediate
Indicator Types:
Range MT4 Indicators
Breakout MT4 Indicators
Timeframe:
Multi-Timeframe MT4 Indicators
Trading Style:
Day Trading MT4 Indicators
Intraday MT4 Indicators
Trading Instruments:
Share Stocks MT4 Indicators
Indices Market MT4 Indicators
Commodity Market MT4 Indicators
Stock Market MT4 Indicators
Cryptocurrency MT4 Indicators
Forex MT4 Indicators

Introduction

The Round Levels Indicator is essential for identifying order accumulation areas, closing positions, and placing new orders. The market’s reaction around these levels can significantly influence price trends. By identifying these levels, traders can optimally leverage market volatility.

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.

Uptrend conditions in the Key Price Action Indicator
Key PA Levels Indicator in an uptrend

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.

Downtrend conditions in the Key PA Indicator
Downtrend in the Key Price Action Levels Indicator

Indicator Settings

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

Key Price Action Indicator settings
Display of Key Price Action Levels Indicator settings
  • 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 price action levels in. However, it does not directly generate buy or sell signals.

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FAQs

Does this tool provide buy and sell signals?

No, this indicator only provides traders with critical rounded levels.

Can the rounded levels indicator be used in a multi timeframe manner?

Yes, this tool supports multi timeframe usage.

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