Golden Circles Indicator - Your Path to Precision Trading

"Where Market Extremes Meet Trading Opportunities - Circle Your Way to Profits!"

1. Indicator Overview

The Golden Circles is a price action MT4 indicator that identifies:

Key swing highs (potential resistance zones)

Key swing lows (potential support zones)

Uses historical price extremes to mark reversal points

2. Core Trading Logic

Signal Generation:

Sell Signals (Gold Circles Below Price)

✓ Marks highest high in last N periods

✓ Appears when new swing high is confirmed

Buy Signals (Gold Circles Above Price)

✓ Marks lowest low in last N periods

✓ Appears when new swing low is confirmed

Mathematical Basis:

mql4

highest_20 = iHighest(NULL,0,MODE_HIGH,Gi_88,Li_8-Gi_88/2);

lowest_24 = iLowest(NULL,0,MODE_LOW,Gi_88,Li_8-Gi_88/2);

3. Optimal Configuration

ParameterDefaultRecommended RangePurpose

Gi_88 (Lookback Period)2412-50 candlesControls swing sensitivity

SignalGap7 pips5-15 pipsVisual spacing from price

EnableSoundAlertFALSETRUE/FALSEAudio notifications

EnableMailAlertFALSETRUE/FALSEEmail alerts

Pro Tip: Use 20-30 period for daily charts, 10-15 for intraday

4. Installation Guide

Copy .mq4 file to:

MT4 MQL4 Indicators

Restart MT4 terminal

Attach to chart via Navigator

Configure alerts:

mql4

EnableSoundAlert = true;  // Enable beep alerts

EnableMailAlert = true;   // Requires SMTP setup

5. Trading Strategy Recommendations

Best Market Conditions:

Ranging markets (identifies clear S/R levels)

Breakout trading (watch circle breaks)

Fibonacci confluence (use circles as confirmation)

Risk Management:

Place stops 1.5x beyond opposite circle

Target previous circle levels for take-profit

6. Performance Enhancement Tips

Combine with:

200 EMA (filter trades with trend)

RSI (avoid overbought/sold zones)

Higher Timeframe Verification:

Check daily/weekly circles for confluences

7. Alert System

The indicator provides:

Visual gold circles on chart

Sound alerts when new extremes form

Email notifications (if configured)

Example Alert:

"2025.01.15 14:30 BO_Alert Dot sell EURUSD H1"

8. Customization Options

Advanced users can modify:

Circle color/size in source code

Add ATR-based dynamic gap sizing

Implement multi-timeframe analysis

Final Verdict:

An excellent tool for price action traders who need clear visual reference points. Works best when combined with volume analysis and trend confirmation.

"Master the Circles, Command the Markets!"

Note: Always test in demo before live trading. Circle signals work best in markets with clear swing points