Golden Zone Power Miner MT4

Currency Pairs: Any Majors

Timeframes: Any

Minimum Deposit: Any

Recommended Account Type: ECN or Raw Spread

Leverage: From 1:30 to 1:1000

Recommend broker: Roboforex
Recommend Vps: GoVPSFX

Golden Zone Power Mining Indicator
The golden level concept was born from the quest to find only the most profitable and highest probability S/R (support/resistance) levels to trade from: Those that give us high reward for the least amount of risk. Accordingly, I open a thread a few month ago discussing this trading approach.

I am now releasing what I consider to be one of the most dynamic and advanced S/R level detection indicators so far on FF. It does not just generate levels defined by recent highs or lows but also across all time frames. The strongest levels tend to be those that are formed by the largest number of highs and low and are located deeply within price ranges. This indicator will find them for you.

This indicator is not only very powerful but also fun to use as you move the verticals lines and the S/R levels change in realtime. Chart and S/R (support/resistance) analysis becomes fun and is no longer a chore.

The Golden Level Miner will dig up S/R levels that would be hard to find with the naked eye. It will account for highs and lows that go back years (as far back as the data feed goes) or only those within the time frame determined by the vertical lines.

TIP #1: If you want to get an overview of where most golden levels are clustered, set the NumberOfLevels to a higher number. Note that with a higher number it will take some time to generate them on lower time frames as there are more highs and lows for the indicator to calculate.

TIP #2: You can always add your own horizontal levels on top of the generated golden levels. The levels you add manually will remain on the chart as you change the vertical lines and/or time frames and generated level get removed.

TIP #3: Since it can be time consuming to delete the individual levels that the indicator generates, download the Golden Level Remover to the MT4 script folder and set a hotkey combination (ex.: Ctrl+X) to efficiently remove all generated levels drawn on a given chart.