Prime Levels Black Indicator

Prime Levels Black Indicator

Prime Levels Black Indicator For MT4 plots lines at 6 prime price levels. Psychological price lines act as forex support and resistance levels

The Prime levels black indicator for MT4 plots lines on the price chart at the prime levels as mentioned in the input settings. Forex traders use these prime levels as psychological support and resistance areas. As a result, this indicator helps traders to look into these areas for potential entry points.

The indicator works well in intraday price charts up to the H1 time frame. The lines are simple to follow and are suitable for new and advanced forex traders. Traders should note that they should use other technical indicators of trade confirmation.

Prime Levels Black Indicator For MT4 Trade Setup

The indicator plots 6 lines at the prime levels as mentioned in the indicator settings. Moreover, it places 2 repetitive sets above and below these prime levels. Forex traders can customize the levels using random numbers for example 11, 33, 65, 85.

Traders can customize the lines with individual line, color and thickness as per the importance of the levels. Moreover, traders can switch these lines ON or OFF to further enhance its application for technical analysis.

Traders can use these lines are support and resistance lines due the psychological importance. Traders tend to use these levels to enter and to book profits or place stop loss. However, this indicator does not provide trading signals, but act as a tool.

Conclusion

In summary, the prime levels black indicator for MT4 automatically plots lines at the prime price levels.