Wl Smart Levels Indicator * * is a complete trading system that includes popular market analysis tools such as advanced fractals of Bill Williams, Valable ZigZag that builds the right * market wave structure, and Fibonacci levels that mark the exact level of entry into the market and local profits.
For more information about the trading system, see the article https://www.mql5.com/ru/articles/12026 “> Owl Trend Strategy-Smart Levels.
Strength lies in simplicity!
The * * Owl Smart Levels * * trading system is very easy to use, so it is suitable for professionals and those who are just beginning to study the market and choose trading strategies for themselves. There are no hidden secret formulas and calculation methods in strategies and indicators, and all strategy indicators are public. Owl Smart Levels allows you to enter the signal of the transaction, highlight the level of the order placed and notify you of the signal that has occurred.
The advantages are obvious:
Clearly show the trend direction of the main and higher time frames.
Indicates the appearance of the instrument signal.
Mark the level of billing, stop loss setting and fixed profit.
There is no extra, only necessary conspiracy!
The zigzag line * shows the direction of the global trend, so it also shows the direction of the transaction. The short term of * market reversal point * clearly indicates the level at which to build the Fibonacci grid. And you should open and set the level of StopLoss and TakeProfit. This is all we need to see on the chart!
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You only need to know the four most important settings:
* * candle on the left *-determine the number of columns on the left to build fractals.
* candle on the right *-determine the number of columns on the right to build fractals.
* * opening price level *-specify the Fibonacci level to determine the entry point to the market.
* TakeProfit level– * specify the Fibonacci level to set the stop profit.
Most indicators only show the history of what has happened in the market, and Owl Smart Levels recommends following the global trend and recommending a partial correction.
Go to the forum to download the foreign exchange ea: https://www.feixu.xyz/thread/1309