Watermark

🔍 Identify Key Price Levels → The Watermark Indicator helps Forex traders visualize important recent price levels, giving insight into where the market has been and where it might head next.
📈 Detect Trend Reversals → Uses a combination of moving averages and the Relative Strength Index (RSI) to spot potential changes in market direction.
📊 Visual Reference on Chart → Draws horizontal “watermark” lines on the chart at significant price levels, serving as reference points for potential trade entries or exits.
⚙️ Fully Customizable → Default settings use a 30-day moving average and an RSI of 20, but traders can adjust these to suit different timeframes or trading styles.
🛠 User-Friendly for MT4 → Easy to install and apply on any chart, suitable for both beginners and experienced traders.
💡 Enhanced Decision-Making → By combining trend analysis and price-level visualization, the Watermark Indicator helps traders make more informed trading decisions.

Input Settings & Controls

Variable	Description
sidFont Size	Font size used for the “sid” label/text.
sid Font Name	Font family used for the “sid” label/text.
NoteRedGreenBlue	Notes that colors are defined using Red/Green/Blue values (0–255).
sidRed	Red color component for the “sid” text.
sidGreen	Green color component for the “sid” text.
sidBlue	Blue color component for the “sid” text.
sidXPos	X-position (horizontal offset) of the “sid” text.
sidYPos	Y-position (vertical offset) of the “sid” text.
tagDisplay Text	Boolean to show/hide the “tag” text on the chart.
tag Text	The actual text string displayed as the tag (e.g., `[Your Name Here]`).
tag Font Size	Font size of the tag text.
tagFont Name	Font family used for the tag text.
tagRed	Red color component of the tag text.
tagGreen	Green color component of the tag text.
tagBlue	Blue color component of the tag text.
tagXPos	X-position (horizontal offset) of the tag text.
tag YPos	Y-position (vertical offset) of the tag text.

Devices Supported

Device Type	Operating System	Compatibility with TradingView
💻 Windows Laptop/Desktop	Windows XP / Vista / 7 / 8 / 8.1 / 10 / 11	✅ Fully supported via app
🍏 MacBook / iMac	macOS 10.15+	✅ Fully supported via app
📱 Android / Mobile	Android OS	❌ Not supported

Risk Disclaimer

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