Power Dynamite Areas MTF Settings:
Forex indicator levels PowerDynamiteAreas MTF – multi-timeframe modification of the popular indicator of support and resistance levels.
Forex indicator levels PowerDynamiteAreas MTF – this is a user refined Fillelin forum forexsystemsru.com version of the popular level indicator PowerDynamiteAreas, also known as the PDA.
Forex indicator levels Power Dynamite Areas MTF puts on the price chart of the currency pair for the three closest support and resistance zones. At the same time, the MTF function is built into the indicator, which allows displaying the levels from any available timeframe. With the pivotStrength parameter, you can set the importance of the levels on a scale of 1 to 7.
The PowerDynamiteAreas indicator has the following settings, in which you can make changes if necessary:
- “PivotStrength”. This setting allows you to change the priority of the levels built on the graph.
- “MaxLookBackBars”. This setting allows you to change the number of candles that the tool will use to perform all necessary calculations.
- “PivotPipDiff”. This setting allows you to change the distance between the displayed resistance / support levels on the screen.
- «ZonePipSize». This setting allows you to change the thickness displayed on the screen of resistance / support levels.
- «MaxLevels». This setting allows you to change the number displayed on the screen of resistance / support lines. If you enter the number 4 in this line, four resistance levels and four support levels will be displayed on the screen.
Support and resistance indicator – Power Dynamite Areas can be used in various forex trading strategies: trend systems, channel variants, with popular patterns. This indicator is one of the best.
You can download free indicator for metatrader 4 MT4/mq4/ex4 below: