Description
Price Magnet: Advanced Price Density & Institutional Levels
Price Magnet is a professional-grade analytical tool for cTrader designed to reveal where "Smart Money" accumulates positions. Unlike standard oscillators or trend indicators, Price Magnet uses a mathematical approach to identify zones of maximum market interest by calculating Price Density.
How It Works
The market often returns to levels where it has spent the most time. These are the "Magnets". This indicator scans a specific historical depth, clusters price action into frequency groups, and highlights the strongest levels that are likely to act as future magnets for the price.
Detailed Parameter Guide
To get the most out of Price Magnet, it is essential to understand its configuration:
- Analysis Depth (Bars): Determines how many historical candles the indicator analyzes.
- Short-term (50-100): Best for scalping and day trading.
- Long-term (300-500): Best for identifying major institutional "S&R" zones.
- Back Shift: Allows you to shift the analysis window back into the past. Useful for backtesting how historical density zones influenced subsequent price movements.
- Grouping Step (Price): The most critical setting. It defines the "sensitivity" of the magnet.
- Price Source: Choose which part of the candle to analyze.
- Close: Standard analysis.
- Median / Typical: Often more accurate as it accounts for the entire range of the candle.
- Levels To Display: Defines how many magnetic levels to draw (from 1 to 10). The most frequent level is always drawn with a thicker line.
- Visual Settings (Show Density Zone/Lines): Toggle the background rectangle (Zone) and horizontal lines. The Zone represents the total boundaries of the analyzed price action, providing a clear visual of the current trading range.
Trading Strategy Tips
- Mean Reversion: When the price deviates significantly from the "Main Magnet Line," look for exhaustion signals to trade a return to the magnet.
- Breakout Confirmation: If the price breaks through a strong Magnet Level and retests it, that level often flips from resistance to support.
- Take Profit Targets: Use secondary magnetic levels as objective targets for your trades.
Price Magnet simplifies complex market profile data into actionable visual levels, giving you a professional edge in any market condition.
Summary
AI summary
Price Magnet is a professional indicator for cTrader that identifies high-precision support and resistance levels by detecting hidden institutional zones through price density analysis. It calculates where the market has spent the most time historically, highlighting "magnet" price levels that often attract future price action. The indicator analyzes a configurable number of past bars, clusters price data into frequency groups, and displays the strongest levels likely to influence price movements.
Key configurable parameters include analysis depth (short-term for scalping/day trading or long-term for major institutional zones), back shift for historical analysis, grouping step to adjust sensitivity (with recommended values for instruments like EURUSD, Gold, and Bitcoin), and price source selection (close, median, or typical price). Users can set the number of magnetic levels to display and toggle visual elements such as density zones and lines.
Price Magnet supports various markets including Forex pairs (EURUSD, GBPUSD, NZDUSD, USDJPY), commodities (Gold), cryptocurrencies (Bitcoin), and indices (US 30, NAS100, US 500). It aids trading strategies such as mean reversion, breakout confirmation, and setting take profit targets based on secondary magnetic levels. The tool simplifies complex market profile data into actionable visual levels to assist traders in identifying institutional support and resistance zones.
Key configurable parameters include analysis depth (short-term for scalping/day trading or long-term for major institutional zones), back shift for historical analysis, grouping step to adjust sensitivity (with recommended values for instruments like EURUSD, Gold, and Bitcoin), and price source selection (close, median, or typical price). Users can set the number of magnetic levels to display and toggle visual elements such as density zones and lines.
Price Magnet supports various markets including Forex pairs (EURUSD, GBPUSD, NZDUSD, USDJPY), commodities (Gold), cryptocurrencies (Bitcoin), and indices (US 30, NAS100, US 500). It aids trading strategies such as mean reversion, breakout confirmation, and setting take profit targets based on secondary magnetic levels. The tool simplifies complex market profile data into actionable visual levels to assist traders in identifying institutional support and resistance zones.
Indicator profile
Customer reviews
4.2
Reviews: 4
5 | 50 % | |
4 | 25 % | |
3 | 25 % | |
2 | 0 % | |
1 | 0 % |
Customer reviews
March 3, 2026
A decent setup here should survive 3 to 5 levels without looking messy. The journal should show whether the numbers are real.
March 3, 2026
tbh the value is mostly in filtering bad ideas. I still would not trust it live without checking the chart myself. Light sizing makes the early sample easier to judge.
March 2, 2026
This fits key price zones better as a review layer. The first forward check can be 13 setups on M1, with 2 reactions and manual notes.
February 28, 2026
this feels useful if the user already has a plan. The main value is planning entries around structure, not chasing every signal that appears.
Discussion
FAQ
BTCUSD
Forex
Signal
Breakout
Indices
EURUSD
Commodities
GBPUSD
NZDUSD
Fibonacci
Prop
ZigZag
Scalping
Fair Value Gap
SMC
Crypto
XAUUSD
NAS100
USDJPY
VWAP
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Since 17/02/2026