The Draw Candle Levels indicator allows traders to effortlessly draw horizontal ray lines for the open, high, low, and close price levels of any candle. This feature is essential for those involved in Forex trading as it enhances technical analysis by visually representing critical price points.
To use this indicator, one can press specific keys on the keyboard (o, h, l, or c) and then click on any candle. Alternatively, hovering the mouse over a candle and pressing the same keys will achieve the same result. For accurate selection, it’s essential to point at the horizontal center of the candle; the vertical position is not relevant.
Customizable Line Features
The indicator provides several customization options for the horizontal ray lines. Users can adjust the color, width, and style of these lines to fit their personal trading strategy and preferences. This flexibility ensures that the lines are easily distinguishable on the trading chart, aiding in quick decision-making.
Additionally, traders can choose whether these lines should be selectable or not, which adds to the user-friendly nature of this tool. This feature allows traders to interact with the lines directly on the chart if needed.
Labeling Options for Enhanced Clarity
Draw Candle Levels offers a variety of label modes for the lines. Users can choose to disable text labels or position them above, below, or automatically based on the price. This feature helps in clearly identifying the significance of each line without cluttering the trading chart.
The color, size, and font type of the text labels are also customizable. These options ensure that the labels are not only informative but also aesthetically pleasing, making the technical analysis process smoother.
Parameters and Usage
The operation parameters of Draw Candle Levels are straightforward and designed for ease of use:
Key Click: Press the o, h, l, or c keys on the keyboard and then click on any candle.
Mouse Hover Click: Move the mouse to point at any candle, then press the o, h, l, or c keys on the keyboard.
Line Color: Customize the color of the horizontal ray line.
Line Width: Adjust the width of the ray line.
Line Style: Select the style of the ray line.
Line Selectable: Decide if the line should be selectable.
Label Mode: Choose from Disabled, Above Line, Below Line, or Auto Select modes.
Label Color: Set the color of the text labels.
Label Size: Define the size of the text labels.
Label Font Type: Select the font family for the text labels.
For independent testing of this product, visit forexroboteasy.com. Users can also subscribe to updates on the results of testing this product.
FAQ
What is the Draw Candle Levels indicator used for?
The Draw Candle Levels indicator is used to draw horizontal ray lines for the open, high, low, and close price levels of any candle, aiding in technical analysis for Forex trading.
How do I use the Draw Candle Levels indicator?
Users can either press specific keys (o, h, l, or c) and then click on any candle or hover the mouse over a candle and press the same keys. Accurate selection requires pointing at the horizontal center of the candle.
Can I customize the lines and labels?
Yes, the indicator allows customization of the line color, width, style, and selectability. Users can also customize the label mode, color, size, and font type.
Where can I see independent testing of this product?
Independent testing of the Draw Candle Levels indicator can be viewed on the forexroboteasy.com website. Users can also subscribe to receive updates on testing results.
Readers are invited to share their experiences using this product.
Conclusion
This review provides an independent look at the Draw Candle Levels indicator. For more insights and user experiences, visit forexroboteasy.com and consider subscribing for updates.
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