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VR Color Levels – Technical Analysis Tool

VR Color Levels – Technical Analysis Tool

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

3 downloads in 60 days

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Purchase via the terminal ?
Buy or rent in the Market of mql5 is an opportunity to purchase a product in our official representative office in the largest Market of trading applications for the MetaTrader terminal. Prices in the Trading-Go market and the market mql5.com they may differ. Terms of activation and use of products for MetaTrader in the Trading-Go market and the market mql5.com they have significant differences. Buying a product in the market mql5.com means that you have read and accepted the Terms of Use of the Market service mql5.com and the Agreement on the use of the Market service mql5.com . (Reference).
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VR System – channel trading strategy
VR System – channel trading strategy

Icon of the program version Version: 23.110

Icon program update date Updated: 13.11.2023

Icon date the program was added Added: 14.06.2018

License: Paid-Free

One-time purchase: 49$
Rent: from 21$

VR System is not just an indicator, it is a whole, well-balanced trading system. This system includes simple indicators Moving Average and Donchian channel. The system is built on classic trading rules. The rules for entering the market, holding a position in the market and the rules for exiting a position are taken into account.

VR Pivot – defining key levels
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$
Rent: from 9$

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 Grid - ruled by round levels
VR Grid - ruled by round levels

Icon of the program version Version: 24.040

Icon program update date Updated: 23.04.2024

Icon date the program was added Added: 23.06.2015

License: Free

One-time purchase: 0$
Rent: from 0$

The VR Grid indicator provides a custom chart layout. Unlike standard rulers, this indicator marks the chart at a specified interval, while the indicator grid is tied to rounded price values. This allows you to maintain the same grid cell size and ruling scale throughout time.

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
  • market
    • 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?
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.

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