PipTick Retracement
PipTick Retracement indicator shows the current and historical values of high, low, and mid. Optionally, it can also display major retracement levels. All these levels together form significant levels of support and resistance. It is absolutely important to be aware of them for every kind of trader.
Levels
- High
- Low
- Midpoint
- 76,4 %
- 61,8 %
- 38,2 %
- 23,6 %
Main Features
- Four optional retracement levels
- Alert notifications for indicator lines
- Custom session time
- Works on every timeframe (M1, M5, M15, M30, H1, H4, D1, W1, MN)
- The indicator shows the actual levels of High, Low, Mid, and selected retracements
- The indicator is non-repainting
- Ready for backtesting
- Customizable parameters (Colors, Line thickness, Visibility...)
- Very fast calculation
- Available for MT4 and MT5
Input Parameters
- Session_Mode - Allows choosing between Daily, Weekly, Monthly, and Custom Session mode
- Session_Start_Hour - Allows setting start hour if the session time mode is set. In other cases, the parameter is ignored
- Session_Start_Minute - Allows setting start minute if the session time mode is set. In other cases, the parameter is ignored
- Session_End_Hour - Allows setting end hour if the session time mode is set. In other cases, the parameter is ignored
- Session_End_Minute - Allows setting end minute if the session time mode is set. In other cases, the parameter is ignored
- Sessions_Back - Allows setting the number of sessions to display. When the value is zero, all sessions are displayed
- Text_Size - Text size of the indicator levels
- Level_1_Value - Allows setting retracement 1 value
- Level_2_Value - Allows setting retracement 2 value
- Level_3_Value - Allows setting retracement 3 value
- Level_4_Value - Allows setting retracement 4 value
- Visibility_Line_Description - Allows enabling or disabling displaying of the description of lines
- Visibility_High - Allows enabling or disabling displaying of the high line
- Visibility_Low - Allows enabling or disabling displaying of the low line
- Visibility_Mid - Allows enabling or disabling displaying of the midpoint line
- Visibility_Level_1 - Allows enabling or disabling displaying of the retracement level 1 line
- Visibility_Level_2 - Allows enabling or disabling displaying of the retracement level 2 line
- Visibility_Level_3 - Allows enabling or disabling displaying of the retracement level 3 line
- Visibility_Level_2 - Allows enabling or disabling displaying of the retracement level 4 line
- Color_High - Color of the high line
- Color_Low - Color of the low line
- Color_Mid - Color of the midpoint line
- Color_Level_1 - Color of the retracement level 1 line
- Color_Level_2 - Color of the retracement level 2 line
- Color_Level_3 - Color of the retracement level 3 line
- Color_Level_4 - Color of the retracement level 4 line
- Alert - Allows enabling or disabling alert notifications when the market touches one of the indicator lines
- Alert_Sound - Allows choosing the alert sound
Output Parameters
- High - Value of the high of range
- Low - Value of the low of range
- Mid - Value of the midpoint of range
- Level 1 - Value of the retracement level 1
- Level 2 - Value of the retracement level 2
- Level 3 - Value of the retracement level 3
- Level 4 - Value of the retracement level 4
Screenshots
Purchase
All our products are available in the MQL5 market.