Forex Wiki Trading > Free Forex EA > STOPD Levels MTF – indicator for MetaTrader 4

STOPD Levels MTF – indicator for MetaTrader 4

  • June 19, 2014
  • Posted by: Forex Wiki Team
  • Category: Free Forex EA
No Comments 1662 1529

Contents
1 STOPD Levels MTF - indicator for MetaTrader 4
1.1 Description:
1.2 Image:
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STOPD Levels MTF - indicator for MetaTrader 4

DaytradingBias.com

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2747
Rating:

votes: 16

Files:
stopd_levels_mtf.mq4 (4.27 KB)view
Download ZIP , How to download code directly from MetaEditor

Real author:

Lawrence Chan

Description:

It plots the STOPD Price Levels based on user specified timeframe (parameter Timeframe, D - daily, W - weekly, M - monthly, Q - quarterly, Y - yearly).

The other parameters are there for customization of the price levels in case users like to experiment with other price expansion multiples.

The indicator is suitable for use in any timeframes. It can also be used multiple times within one chart to overlay multiple timeframes (MTF) of STOPD Price Levels on the same chart. The price levels are more often than not where reactions would happen.

STOPD is short form for Special Theory of Price Discovery.

Image:

STOPD Levels MTF indicator

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Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.
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