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Percent_Levels - Script for MetaTrader 4

Percent_Levels
TypeScripts PlatformMT4 Version10 Date created12 May 2014 Date updated19 August 2017
Formatmq4 Size2.6Kb Downloads279 Rating
5 of 5
based on 45 rates

It is used to investigate the price levels on the charts of the MT4 terminal and can be used on any timeframe. When you run the script on the chart, a series of horizontal lines, which were at a specified distance from the close price of the selected bar, appears.

Its functionality reminds the Fibonacci lines. However, the distance between the lines and the close price of the selected bar is given in percentages arbitrarily and not formed in accordance with the Fibonacci numbers. In addition, lines of the Percent_Levels script are drawn symmetrically at the top and bottom of the selected bar.

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