Tested Levels Indicator

Tested Levels Indicator

This indicator checks back over the last ‘p’ bars to see if the mid point of the current bars shadows have been tested by price and failed to breakout before.

Set ‘tests’ to the quantity of level tests you want to check for.

The indicator will draw a line from the first price test bar until a new set of price tests are detected. It draws green lines for upper shadow tests and red lines for lower shadow tests.

It can be slow to draw so I recommend setting the CALCULATEONLASTBARS to a sensible level.

I advise downloading and importing the ITF file to get full functionality.

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. Canis Majoris • 02/21/2020 #

    Hi ,

    Helpful indicator …

  2. Maxime Csls • 02/21/2020 #

    Bonjour Vonasi, Bravo pour ton travail ! Est-il possible de créer un screener quand le prix repasse à la hausser la ligne de Support rouge ?

  3. amitoverseas40 • 81 days ago #

    Hi Vonasi, I find this indicator very useful. May I request , if you can, to please modify and show close below the defined levels as a DOWN arrow and close above as an UP arrow , generate alert, and make this a screener as well? Regards!

    • Nicolas • 76 days ago #

      Please open a new topic in the ProScreener section, someone will code this request quickly.

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