Imagine having a computer that can automatically calculate and place the strongest levels of support and resistance as soon as you open your chart, for any timeframe, on any market.
This was the goal we had when starting development for HLines, and after two years of intensive development and testing, we have successfully achieved this goal.
HLines is the most sophisticated support and resistance tool on the market.
It is a MetaTrader 5 indicator that uses a powerful algorithm to determine the most significant S&R zones on any market, and alerts you once price enters these zones.
This indicator will save you a heck of a lot of time:
You will no longer have to spend the time to consider where you think the best S&R lines should be placed. HLines will use real data to place them for you, objectively, removing any human ambiguity.
By knowing where these zones are, you can significantly increase your win rate and win size:
HLines clearly displays when the S&R line was placed. You simply have to scroll back through price history to see how accurate these lines are.
You will see example after example of price approaching these levels, hesitating, and bouncing right off them, providing perfect opportunities for entry and exit.
What makes HLines the best S&R indicator?
- Developed by a world class programmer with 40 experience years in the industry, finely tuned over 2 years of intensive development
- Processes a huge amount of data to accurately display the strongest levels of support and resistance.
- It’s effectiveness is self-evident; scroll back through price history and you will see price consistently reacting to the HLines.
Be sure to watch the YouTube video! (video below)
These levels are programmed to find the strongest S&R levels on ANY pair and timeframe. If you wait patiently for a clear rejection off these HLines you can catch some fantastic moves off them. You can look at past price action and see for yourself lots of great moves off the HLines. TIP: If you use several charts you can increase your number of trades/wins.
Features
- 100% automated
- Multi-timeframe compatibility
- Customizable HLine strength
- Works with any market
- HLines can automatically jump/be replaced if it's found a stronger line of S/R
- HLines are removed if price crosses it too many times
- These HLines/zones update on every new candle close from the right edge of your screen. This allows you to scroll through past price data and experiment with favourite markets
- Can adjust line width
- Can adjust line style
How do I know when the HLine has been placed?
You know when HLines have been placed because the line turns from a flat to dotted line. (Check image for more insight)
*Please allow 10 seconds for the indicator to load.
*Once you have enabled an HLine from another timeframe, please make sure to click the timeframe you want the HLine to come from so it can load the data. (We're working on an update to fix this)
Tips on using HLines - Use 1 hour HLines on a 15 minute chart.
- Look for long rejection (preferably 2 large wicked bodies) off an HLine/zone for an entry.
- Wait for candles to close before entering.
- You can increase your chances of a successful trade even more by adding an RSI, CCI, STOCH OSCILLATOR or DIVERGENCE to your strategy.
- You can open several of your favourite charts with HLines and keep an eye out for great entries. This will increase the number of potential trades/wins
- Change ATR zone period to 0.2 for not so large zones.
NOTE: This does NOT give buy/sell arrows.
Please feel free to PM with any questions. I always respond within 24 hours.
