Custom Text Levels
Description:
The Multi-Level Custom Text and Line Indicator is a versatile tool designed for traders who need to mark specific price levels on their charts with personalized text and visual cues. This indicator allows users to input up to three distinct levels, each with its custom text annotation, making it ideal for highlighting support/resistance levels, pivot points, or any significant price points relevant to their trading strategy.
Features:
Customizable Text for Each Level: Enter specific annotations for up to three different levels. Ideal for labeling key price points, notes, or reminders directly on the chart.
Adjustable Levels: Set the exact price level for each text annotation, enabling precise placement at critical price points.
Color Customization: Choose the color for the line at each level, enhancing visual clarity and chart aesthetics.
Line Style and Thickness: Customize the appearance of the line at each level, with options for solid, dotted, or dashed lines and adjustable thickness, providing clarity and emphasis where needed.
Text Offset Control: Adjust the horizontal position of the text relative to the current bar, allowing for a cleaner and more organized chart layout.
Text Size Options: Select from small, normal, or large text sizes to ensure the annotations are easily readable and suit your chart's scale and layout.
Use Cases:
Marking Support and Resistance Levels: Quickly annotate key support and resistance levels with descriptive texts.
Highlighting Pivot Points: Label pivot points or other significant price levels for easy reference.
Trade Setup Notes: Annotate potential trade setups or entry/exit points along with specific price levels.
How to Use:
Input Custom Text: Enter the text you want to display for each level in the 'Custom Text' fields.
Set Levels: Specify the price levels where you want the lines and text annotations to appear.
Customize Appearance: Choose line colors, styles, and text sizes according to your preference and chart needs.
Adjust Text Offset: Use the offset feature to position the text left or right of the current bar for a neat and organized layout
The Multi-Level Custom Text and Line Indicator is a versatile tool designed for traders who need to mark specific price levels on their charts with personalized text and visual cues. This indicator allows users to input up to three distinct levels, each with its custom text annotation, making it ideal for highlighting support/resistance levels, pivot points, or any significant price points relevant to their trading strategy.
Features:
Customizable Text for Each Level: Enter specific annotations for up to three different levels. Ideal for labeling key price points, notes, or reminders directly on the chart.
Adjustable Levels: Set the exact price level for each text annotation, enabling precise placement at critical price points.
Color Customization: Choose the color for the line at each level, enhancing visual clarity and chart aesthetics.
Line Style and Thickness: Customize the appearance of the line at each level, with options for solid, dotted, or dashed lines and adjustable thickness, providing clarity and emphasis where needed.
Text Offset Control: Adjust the horizontal position of the text relative to the current bar, allowing for a cleaner and more organized chart layout.
Text Size Options: Select from small, normal, or large text sizes to ensure the annotations are easily readable and suit your chart's scale and layout.
Use Cases:
Marking Support and Resistance Levels: Quickly annotate key support and resistance levels with descriptive texts.
Highlighting Pivot Points: Label pivot points or other significant price levels for easy reference.
Trade Setup Notes: Annotate potential trade setups or entry/exit points along with specific price levels.
How to Use:
Input Custom Text: Enter the text you want to display for each level in the 'Custom Text' fields.
Set Levels: Specify the price levels where you want the lines and text annotations to appear.
Customize Appearance: Choose line colors, styles, and text sizes according to your preference and chart needs.
Adjust Text Offset: Use the offset feature to position the text left or right of the current bar for a neat and organized layout
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