Absolute Levels indicator

Absolute Levels indicator

The Absolute Levels indicator is a tool used in technical analysis for trading, with the purpose of identifying key support and resistance levels in an asset's price chart. The indicator is often configured to draw horizontal lines at these crucial levels.

Using Settings

Clicking on the indicator settings icon will open its configuration window, within which you will be able to make several choices regarding the functionality of the indicator itself.



Parameters 

  • First Value: Set the first absolute level value on your chart
  • Second Value: Set the second absolute level value on your chart

First Line

  • First Line Color: Defines the color of the first line
  • First Line Style: Defines the style of the first line plotted by the indicator
  • First Line Thickness: Defines the thickness of the first line plotted by the indicator

Second Line

  • Second Line Color: Defines the color of the second line
  • Second Line Style: Defines the style of the second line plotted by the indicator
  • Second Line Thickness: Defines the thickness of the second line plotted by the indicator

    • Related Articles

    • Important Levels

      The Important Levels indicator allows you to highlight the most important price levels on a daily, weekly, and monthly basis. This indicator is particularly useful in intraday charts, as it allows the user to always have the highs, lows, opening and ...

    • Momentum Indicator

      The Momentum indicator is a technical analysis indicator that measures the speed or pace of an asset's price movements. The main objective is to assess how fast a price is changing from a previous period, providing information about the strength of a ...

    • MACD Indicator

      The MACD (Moving Average Convergence Divergence) is a technical analysis indicator used to identify changes in the momentum and trend direction of an asset. It was developed by Gerald Appel in the 1970s and is one of the most popular tools for ...

    • Ichimoku Indicator

      The Ichimoku indicator, also known as "Ichimoku Kinko Hyo," is a technical analysis tool developed by Japanese journalist Goichi Hosoda in the 1930s. It is a comprehensive technical analysis tool that allows you to identify support and resistance, ...

    • Price Movement Levels

      Price Movement Levels Price Movement Levels plots structured percentage or step-based levels above and below a reference price. It helps traders: Identify intraday expansion levels Visualize support and resistance zones Track percentage-based price ...