Horizontal lines by Aydmaxx

Horizontal lines by Aydmaxx

Description of the Horizontal Levels Indicator with Manual Interval Adjustment

The indicator is designed for automatic plotting of horizontal levels on the chart of a financial instrument. It allows users to manually set the interval between levels, making it adaptable to various trading strategies and timeframes.

Key Features:

1. Flexible Configuration: Users can define the interval between levels in points, percentages, or any other unit suitable for the selected asset.
2. Automatic Plotting: The indicator automatically draws levels based on a starting point and the specified interval.
3. Visualization: Levels are displayed with customizable colors and line thickness for easy identification on the chart.
4. Multi-Timeframe Support: The indicator accurately displays levels regardless of the selected timeframe.
5. Customization Options: Users can adjust the color, style, and number of displayed levels for a more tailored analysis experience.

Use Cases:

• Identifying key support and resistance levels.
• Analyzing market levels for planning entry and exit strategies.
• Supporting trading decisions based on areas of interest.