Gravity Indicator

In this article, we will review the Gravity indicator, which highlights areas of potential support and resistance based on historical price action, using a colour-coded system to indicate varying levels of market activity. We'll cover how to add the indicator to your chart, customise its settings, and utilise its features for both long-term and short-term trading strategies. 

The Gravity indicator shows areas of possible support and resistance based on previous price action, colour-coded to show areas of stronger and weaker market activity. 

It can either just draw from the current time onwards, using all the price activity to date, or you can set a specific start time in order to test the indicator or to ignore recent price movements. 

How to install Gravity indicator? 

To download and install the Pro Trading Tools, please follow these steps:  

1. Log in to Alpari profile > Hub > Pro Trading Tools.

2. Download FX Blue or Trading Central for your Platform (Meta Trader 4 or Meta Trader 5) 

3. Run the downloaded FX Blue and Trading Central files and apply them to your chosen MetaTrader Platform when prompted. 

4. Relaunch the MetaTrader platform. You’ll find your FX Blue* and Trading Central tools in the ‘Navigator panel under ‘Indicators’ and/or ‘Expert Advisors’. 

Note: FX Blue tools will appear in MetaTrader labeled as Alpari or Figaro app suite. 

Using the Gravity indicator 

Adding the indicator to a chart 

You add the Gravity indicator to a chart in the usual MT4 way, either by dragging it from the Navigator onto a chart or by double-clicking on it in the Navigator. You can also use standard MT4 features such as adding the indicator to your list of Favorites, or assigning a Hotkey to it. 

You need to turn on the “Allow DLL imports” setting in the “Common” tab of the indicator’s options: 

Choosing the colours 

The Gravity indicator is colour-coded, showing areas of stronger support/resistance in darker colours. You can adjust the colours using the settings on the Inputs tab. 

Time Period 

The Gravity indicator has two modes. By default, it will show a relatively long-term assessment of support and resistance. For short-term trading, e.g. intra-day trading using an M5 or M15 chart, you can also use the Inputs tab to tell the Gravity indicator to use a shorter-term calculation. 

Start date 

By default, the Gravity indicator will show a future indication of support and resistance using price activity right up until the current time. 

However, you can adjust the indicator’s start time by creating a vertical line on the chart and giving it the name GStart.

The indicator will then only use the price action up until the start time, without looking into the future at what subsequently happened, and will draw its support and resistance calculation starting from the line. 

You can use this either to test the indicator, seeing how reliable it would have been in the past, or as a way of telling the indicator to ignore recent price activity which you may regard as abnormal and irrelevant.