VR Color Levels – Technical Analysis Tool
Version: 24.040
Updated: 21.04.2024
Added: 21.04.2024
License: Free
2 downloads in 60 days
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More → Version: 23.020
Updated: 13.02.2023
Added: 18.03.2021
License: Paid-Free
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.
Version: 23.015
Updated: 06.02.2023
Added: 02.10.2014
License: Paid-Free
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.
Version: 24.021
Updated: 25.02.2024
Added: 08.10.2018
License: Free
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.
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
There are a large number of indicators and utilities similar to VR Color Levels, the advantages of this version are:
Indicator settings:
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