How much time do you spend when drawing your Level Lines on chart? Sure you can be fast but not if you want to color them and add price next to them! Drop Level Lines Script for MT4 is the helping tool of your choice!
Well with Drop Level Lines script this is done automatically for you! all you have to do is drag & drop them on wanted place in the chart and color (blue for support and magenta for resistance), price will be specified and drawn automatically for you!
Example on how to use Drop Level Lines Script:
First identify low and high points on the chart. Then just drag & drop the Drop Level Lines Script into chart on that place. The line will automatically be drawn on place where you drop the script. The line will automatically color itself based on position of the drop. Additional to the line it will write you the Level price for that line.
So at the end this is a really fast way and you will have an good overview to help you with your trading! And your charts will look really nice and clean!
How to install Drop Level Lines Script in MetaTrader 4 / MT4:
- Download/Copy/Save the MQ4/EX4 file into your C:\Program Files\MetaTrader 4\experts\scripts folder (or change the folder to your installation sometimes forex broker name)
- Restart your MetaTrader 4 application (assuming it’s currently open) … or Launch your MetaTrader 4 application
- On the left hand side, look for the “Navigator” window and under the “Common” tab, look into the “Scripts” section
- Locate the indicator which you have just downloaded into the folder stated in Step 1
- Drag (Click and drag) the Script onto the chart (when you want the task to be performed)
- yaaaaaaayyy… your task should now be executed…