VR Color Levels – Technical Analysis Tool

Icon version of the program Version: 24.040

Icon program update date Updated: 21.04.2024

Icon date of adding the program Added: 21.04.2024

License: Free

2 downloads in 60 days

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Instruction

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VR Pivot – defining key levels

Icon of the program version Version: 23.020

Icon program update date Updated: 13.02.2023

Icon date the program was added Added: 18.03.2021

License: Paid-Free

One-time purchase:

43$30$

Rent:

from 9$from 6$

Pivot points (Pivot) are used by traders to identify potential support and resistance levels. Pivot points are based on the key highs, lows, opening and closing prices of the previous period. Pivots were previously used on exchange markets. Traders, before the start of the trading day, calculated Pivot points relative to the previous trading period. This helped to find the strongest support and resistance levels.

VR Atr Pro – determining target levels

Icon of the program version Version: 23.015

Icon program update date Updated: 06.02.2023

Icon date the program was added Added: 02.10.2014

License: Paid-Free

One-time purchase:

45$32$

Rent:

from 9$from 6$

The VR ATR Pro indicator is one of the most powerful indicators built on the basis of the classic ATR indicator. Unlike the classic ATR indicator, VR ATR Pro calculates target levels, that is, the levels that the price aims to reach. The VR ATR Pro indicator is most often used by professional traders, their goal is to determine the take profit (profit fixation) and stop loss (loss fixation) levels as accurately as possible.

VR Donchian - Donchian color channel

Icon of the program version Version: 24.021

Icon program update date Updated: 25.02.2024

Icon date the program was added Added: 08.10.2018

License: Free

One-time purchase: 0$

Rent: from 0$

The VR Donchian indicator is an improved version of the Donchian channel. The indicator is named after Richard Donchian, who made outstanding achievements in the field of commodity money management. Unlike most channels, VR Donchian recolors channel levels in different colors depending on the direction of the level. The indicator code is maximally optimized and practically does not consume the resources of the MetaTrader terminal. The effectiveness of Donchian channels has been proven by thousands of traders around the world.

Review Advantages Settings Video FAQ Reviews and discussions

Review

VR Color Levels is a handy tool for those who use technical analysis using elements such as trend line, rectangle and text. It is possible to add text directly to the chart and take screenshots.

Working with the indicator is carried out in one click. To do this, click on the button with the line, after which a trend line will appear under the cursor. Then, by moving the cursor, you can select the location of the line and fix it by clicking again.

The feature of the indicator is that all changes in styles and colors are automatically saved and subsequently applied to all newly created graphic objects.

The indicator is equipped with two independent buttons for setting trend lines with different styles, two independent rectangles with different styles, one text field with its own style and a button for creating screenshots. p>

Screenshots are created in the MetaTrader terminal directory in the Files folder, the saving path and file name are written in the experts' journal. Example path: C:\Users\Username\AppData\Roaming\MetaQuotes\Terminal\Character set\MQL5\Files\VR Color Levels

Features of the VR Color Levels indicator

Works independently on different charts;
Working with objects occurs in one click;
Suitable for both beginners and professional traders;
Not a large number of settings, they help to selectively synchronize;
Works on any financial instruments (Forex, CFD, Crypto, Metalls, Futures);
Easy to installation and configuration, the program comes with text and video instructions;

For the Trading-Go

Supplied with archive containing versions for MetaTrader 4 and MetaTrader 5;
Does not work in the strategy tester;
Installation instructions;

For the market Mql5.com

Available for download in the Mql5.com market;
Does not work in the strategy tester;
Installation instructions;

Advantages

There are a large number of indicators and utilities similar to VR Color Levels, the advantages of this version are:

High speed;
Operation stability;
Simplicity and reliability;
Ability to create texts;
Ability to take screenshots;
Regular updates and constant improvement of the quality of the indicator;

Settings

Indicator settings:

Button size

Size 24
Size 28
Size 32
Size 36
Size 40
Size 44

Menu direction

Vertical
Horizontal

X position
Y position
Prifix objects

Video

To hide the update history

FAQ

How to set the indicator?

Open MetaTrader terminal > Top left File > Open data directory > Mql4 or Mql 5 folder > Indicators folder – Copy the indicator to this folder and reload the terminal. The indicator will appear in the navigator of the MetaTrader terminal.