Markers Indicator

The Markers Indicator is a unique and powerful tool that allows traders to visualize important price levels on their charts. It automatically plots various key levels, helping traders make informed decisions based on historical price action.

Features

The Markers Indicator plots the following levels automatically:

• Developing Day Levels:
  • Developing Day High
  • Developing Day Low
  • Developing Day Open
  • Developing Day Halfback
• Previous Day Levels:
  • Previous Day High
  • Previous Day Low
  • Previous Day Open
  • Previous Day Close
  • Previous Day Halfback
• Developing Week Levels:
  • Developing Week High
  • Developing Week Low
• Previous Week Levels:
  • Previous Week High
  • Previous Week Low
  • Previous Week Close
• Developing Month Levels:
  • Developing Month High
  • Developing Month Low
• Previous Month Levels:
  • Previous Month High
  • Previous Month Low

Additional Options

• Rolling Values: The indicator allows for the rolling of values, ensuring that the levels are updated dynamically as the day, week, or month progresses.
• Shortened Labels: Users have the option to shorten the labels for cleaner chart presentation.

How to Apply the Markers Indicator

1. Open the platform:

   • Navigate to the platform and select the asset you wish to analyse.

2. Access the FX Study Section:

   • Go to the FX Study section from the main menu.

3. Add the Markers Indicator:

   • Locate the Markers Indicator in the available tools and click on it to enable it on your chart.

   

4. Customize Settings (Optional):

   • Once the indicator is applied, you can customize the following settings:
     • Rolling Values: Toggle to enable or disable rolling values for dynamic updates.
     • Shortened Labels: Choose to shorten the labels for a cleaner appearance on your chart.

Interpretation of Levels

The levels plotted by the Markers Indicator provide significant insights into potential support and resistance areas:

• Developing Levels:

  • These levels change throughout the trading day, reflecting the most recent price action and helping traders gauge current market sentiment.

• Previous Day/Week/Month Levels:

  • These historical levels are essential for identifying areas where the price may react based on past behaviour. Previous highs and lows can act as critical support or resistance.