PipTick Retracement indicator shows the current and historical values of high, low and mid. Optionally, it can also display an major retracement levels. All these levels together form the 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

• The indicator shows the actual levels of High, Low, Mid and selected retracements
• 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 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 to choose between Daily, Weekly, Monthly and Custom Session mode
• Session_Start_Hour - Allows to set start hour if the session time mode is set. In other case the parameter is ignored
• Session_Start_Minute - Allows to set start minute if the session time mode is set. In other case the parameter is ignored
• Session_End_Hour - Allows to set end hour if the session time mode is set. In other case the parameter is ignored
• Session_End_Minute - Allows to set end minute if the session time mode is set. In other case the parameter is ignored
• Sessions_Back - Allows to set 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 to set retracement 1 value
• Level_2_Value - Allows to set retracement 2 value
• Level_3_Value - Allows to set retracement 3 value
• Level_4_Value - Allows to set retracement 4 value
• Visibility_Line_Description - Allows to enable or disable displaying of description of lines
• Visibility_High - Allows to enable or disable displaying of the high line
• Visibility_Low - Allows to enable or disable displaying of the low line
• Visibility_Mid - Allows to enable or disable displaying of the midpoint line
• Visibility_Level_1 - Allows to enable or disable displaying of the retracement level 1 line
• Visibility_Level_2 - Allows to enable or disable displaying of the retracement level 2 line
• Visibility_Level_3 - Allows to enable or disable displaying of the retracement level 3 line
• Visibility_Level_2 - Allows to enable or disable 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 to enable or disable alert notifications when the market touches one of the indicator lines
• alert_Sound - Allows to choose the alert sound

Outputs 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

For more information, visit the PipTick Retracement product page.