TARGET LINES FREE FOREX INDICATOR

PLATFORM & SOFTWARE TYPE
🖥️ PLATFORM: MT4 • SOFTWARE TYPE: INDICATOR
TARGET LINES FREE FOREX INDICATOR

Tired of guessing entry and exit points? The TARGET LINES FREE FOREX INDICATOR for MT4 automatically projects critical daily price levels, giving you a clear, visual roadmap for potential trades right on your chart. Based on daily Open and customizable point separation, this free indicator helps you define risk and reward before you execute. Stop reacting to the market and start anticipating key turning points.

📈 TRADING STRATEGY

This indicator uses the previous day's close and today's open price as anchors to calculate four dynamic support and resistance levels. These levels are spaced based on customizable point/pip distances, allowing traders to set specific targets for entry confirmation, stop loss placement, and profit taking (TP). It is primarily designed for intraday and swing traders who rely on structured, daily levels for decision- making.

*   Open Line (Red): Serves as the primary reference point (potential Stop Loss or reversal zone).
*   Buy Line 1 / Sell Line 1 (Lime): Potential entry or consolidation zones.
*   Buy Line 2 / Sell Line 2 (Blue): Defined Take Profit (TP) or extreme boundary targets.

🎯 BEST FOR

*   Intraday and Daily breakout traders.
*   Traders focused on volatility expansion from the daily open.
*   Defining concrete Take Profit (TP) and Stop Loss (SL) zones.
*   Traders using a systematic, visual approach to market structure.

💱 RECOMMENDED PAIRS

Effective across major FX pairs (EURUSD, GBPUSD, USDJPY) and higher volatility crosses where daily open levels are respected. Works best on M15, H1, and H4 timeframes for operational clarity.

⚙️ SETTINGS AND PARAMETERS

The indicator is highly customizable, allowing you to fine-tune the distances of the projected target lines in platform points (not pips).

*   GMTshift: Adjusts the chart time to match your broker's daily candle open if it differs from GMT (default 3).
*   Show_Line_Labels: Toggle labels on/off to display the exact price coordinates of each target line.
*   BUY_Area / SELL_Area: Defines the distance (in points) from the reference price for the inner target lines (Buy Line 1/Sell Line 1). Default is 25 points.
*   BUY2_Area / SELL2_Area: Defines the distance (in points) for the outer Take Profit target lines (Buy Line 2/Sell Line 2). Default is 55 points.
*   Line Style Settings: Full control over colors, width, and line type for all five projected lines.
🔧 USER INPUTS (EX4/EX5) — what each setting does
• GMTshift — Controls the “GMTshift” parameter (int). (default: 3)
• Show_Line_Labels — Controls the “Show_Line_Labels” parameter (bool). (default: true)
• IIIIIIIIIIIIIIII — Controls the “IIIIIIIIIIIIIIII” parameter (string). (default: "<<< Open Lines >>>>>")
• BUY_Area — Controls the “BUY_Area” parameter (int). (default: 25)
• SELL_Area — Controls the “SELL_Area” parameter (int). (default: 25)
• BUY2_Area — Controls the “BUY2_Area” parameter (int). (default: 55)
• SELL2_Area — Controls the “SELL2_Area” parameter (int). (default: 55)
• Open_Color — Controls the “Open_Color” parameter (color). (default: Red)
• Open_width — Controls the “Open_width” parameter (int). (default: 1)
• Open_Line_Type — Controls the “Open_Line_Type” parameter (int). (default: 0)
• BUY1_Color — Controls the “BUY1_Color” parameter (color). (default: Lime)
• BUY1_width — Controls the “BUY1_width” parameter (int). (default: 1)
• BUY1_Line_Type — Controls the “BUY1_Line_Type” parameter (int). (default: 0)
• SELL1_Color — Controls the “SELL1_Color” parameter (color). (default: Lime)
• SELL1_width — Controls the “SELL1_width” parameter (int). (default: 1)
• SELL1_Line_Type — Controls the “SELL1_Line_Type” parameter (int). (default: 0)
• BUY2_Color — Controls the “BUY2_Color” parameter (color). (default: CornflowerBlue)
• BUY2_width — Controls the “BUY2_width” parameter (int). (default: 1)
• BUY2_Line_Type — Controls the “BUY2_Line_Type” parameter (int). (default: 0)
• SELL2_Color — Controls the “SELL2_Color” parameter (color). (default: CornflowerBlue)
• SELL2_width — Controls the “SELL2_width” parameter (int). (default: 1)
• SELL2_Line_Type — Controls the “SELL2_Line_Type” parameter (int). (default: 0)
💽 HOW TO INSTALL (MT4)
• Download: (.ex4)
• MetaTrader → File → Open Data Folder
• MQL4 → Experts → paste file → restart MT4
• Navigator (Ctrl+N): drag onto chart
• Enable: Allow live trading + DLL imports
• Click AutoTrading (►)

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🔹 Tickmill        : https://tickmill.link/4imp5S5
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✅ RECOMMENDED VPS
🔹 FXVM  : https://fxvm.net/?aff=18727
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📞 CONTACT & SUPPORT
🔹 Website : https://doveforexmarkets.com
🔹 Telegram: https://t.me/forexchats
🔹 Email   : info@doveforexmarkets.com
🔹 WhatsApp: wa.me/260960556804

⚠️ DISCLAIMER
Trading involves risk. Past performance does not guarantee future results.