The Sweet Spots Indicator in MT4 is a practical tool in MetaTrader 4 that highlights round-number price levels, also known as psychological levels. These areas often attract strong trading activity, as many traders and institutions use them for placing stop-loss, take-profit, and pending orders.
Displayed as major and minor zones, they function as natural support and resistance areas, where market reactions frequently occur.
The levels plotted by the indicator often serve as reaction points where trends may reverse or continue.
By combining these levels with price action signals, traders can improve entry timing and risk management.
The Sweet Spots Indicator simplifies trading by marking psychological round numbers that often act as strong reaction points. Whether for scalping, day trading, or swing strategies, it provides reliable support and resistance levels across Forex, crypto, and stock markets.
Displayed as major and minor zones, they function as natural support and resistance areas, where market reactions frequently occur.
Indicator Specifications
- Categories: Support & Resistance, Trading Assist, Levels
- Platform: MetaTrader 4
- Skill Level: Beginner
- Type: Breakout & Reversal
- Timeframes: Multi-timeframe
- Trading Styles: Day Trading, Scalping, Swing Trading
- Markets: Forex, Crypto, Stocks
- Download: https://cdn.tradingfinder.com/file/495922/sweetspots-mt4-by-tflab.zip
Market Behavior with Sweet Spots
The levels plotted by the indicator often serve as reaction points where trends may reverse or continue.
- Bullish Case: On a 15-minute chart of Solana (SOL), price touched a blue-marked level and rebounded upward, showing strong support strength.
- Bearish Case: On a 30-minute NZD/USD chart, the level acted as resistance, followed by a reversal confirmed by bearish candlesticks.
By combining these levels with price action signals, traders can improve entry timing and risk management.
⚙️ Settings
- NumLinesAboveBelow: Defines the number of levels above/below price
- SweetSpotMainLevels: Distance between major levels
- LineColorMain / LineStyleMain: Customize appearance of major levels
- ShowSubLevels: Option to enable minor levels
- Sublevels: Distance between sub-levels
- LineColorSub / LineStyleSub: Customize appearance of sub-levels
✅ Conclusion
The Sweet Spots Indicator simplifies trading by marking psychological round numbers that often act as strong reaction points. Whether for scalping, day trading, or swing strategies, it provides reliable support and resistance levels across Forex, crypto, and stock markets.