Trade By Levels indicator for MT5 Download – Free – [TFlab]

The Trade By Levels indicator MT5 is an advanced technical analysis tool designed for the MetaTrader 5 environment. It automatically constructs adaptive price channels, evaluates the current market range, and generates buy and sell signals according to predefined analytical conditions.
Beyond signal detection, this indicator enhances trading precision by plotting accurate entry levels, alongside recommended stop loss and take profit targets directly on the chart. It is particularly beneficial for traders who focus on price action trading and channel-based market structures.

You can download it from this link:
https://cdn.tradingfinder.com/file/5...5-by-tflab.zip

You can also access the MetaTrader 4 version of this Indicator through this page:
https://www.cryptocraft.com/thread/1...icator-for-mt4

For instructions on how to install:
https://www.forexfactory.com/thread/...-in-metatrader



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Indicator Specifications

The Trade By Levels indicator can be categorized based on its technical features and practical usage:

1. Indicator Categories:
   1. Price Action Indicators for MT5
   2. Signal and Forecast Indicators
   3. Channel and Band-Based Indicators

   
   

2. Platform:
   1. MetaTrader 5 (MT5)

   
   

3. Skill Requirement:
   1. Suitable for beginner and intermediate traders

   
   

4. Indicator Classification:
   1. Breakout Identification
   2. Reversal Detection

   
   

5. Timeframe Capability:
   1. Supports multi-timeframe analysis

   
   

6. Trading Approaches:
   1. Swing Trading
   2. Intraday Trading
   3. Scalping Strategies

   
   

7. Applicable Markets:
   1. Forex
   2. Cryptocurrency
   3. Equities and Shares
   4. Commodities
   5. Indices
      

   
   

Core Functionality

The indicator delivers three primary categories of trading signals, allowing traders to adapt to varying market conditions:

1. Breakout Signal:
   1. Occurs when price moves خارج the channel boundaries
   2. Signals the آغاز of a new directional trend

   
   

2. Reversal Signal:
   1. Identifies potential turning points in the market
   2. Suggests a possible shift in prevailing trend direction

   
   

3. Retracement Signal:
   1. Detects temporary pullbacks within an existing trend
   2. Provides opportunities for improved trade entries

   
   

Buy Signal Scenario

On a 4-hour USD/CHF chart, the indicator automatically forms a dynamic channel and identifies conditions favorable for a buy retracement setup.

1. The overall trend is bullish
2. Price retraces داخل the channel structure
3. A buy signal is triggered
4. Entry levels are clearly displayed
5. Stop loss and take profit levels are predefined

This configuration enables traders to participate in the uptrend while maintaining controlled risk exposure.


Sell Signal Scenario

On a 30-minute Ethereum (ETH) chart, the indicator detects a sell retracement opportunity within a bearish trend.

1. A downward-sloping channel is plotted
2. Price makes a temporary upward correction
3. A sell signal is generated
4. Entry zones are highlighted on the chart
5. Risk management levels are automatically defined

This method supports trading in alignment with the dominant trend while exploiting short-term corrections.


Indicator Settings

The Trade By Levels indicator offers a range of customizable inputs:

1. Time Frame: Specifies the operational timeframe
2. Interval: Determines the candle range used for calculations
3. Price Source: Defines the selected price type
4. Shift: Adjusts the horizontal placement of channel lines
5. Scaling Coefficient Level 1: Controls primary channel sensitivity
6. Scaling Coefficient Level 2: Adjusts secondary channel expansion
7. Extend: Projects channel lines into future price areas
8. Signal Period: Sets the evaluation period for signals
   
   

Alert Configuration

1. ALERT: Enables or disables alerts
2. EMAIL: Activates email notifications
3. NOTIFICATION: Enables push alerts
4. MESSAGE_TIMEOUT: Defines the interval between alerts
5. MESSAGE_SUBJECT: Customizes alert titles
   
   

Conclusion

The Trade By Levels indicator simplifies trading decisions by integrating automatic channel construction with intelligent signal generation. It effectively identifies breakout, reversal, and retracement opportunities while providing clearly defined entry, stop loss, and take profit levels.
With its adaptability across multiple markets and timeframes, it serves as a reliable tool for traders seeking a structured, rule-based trading methodology.