This video explains how to easily share a group of key price levels with fellow traders using the FlexLevels indicator. This video is targeted to educators or individual traders that maintain key price levels (via Reference Lines) and want a quick, easy, and automatic way to share them with a group.
In the case of an individual trader, it used to share among multiple charts (typically of different periodicities) a large number of reference lines representing levels being maintained/updated typically on a daily basis, with the corresponding price inputs being either controlled through a V# variables. For the record, in the case of reference lines reflecting V# variable prices, these V# variables could be either automatically updated (if these V# variables are used for one of the "Store current value into V# variable" features that are available in several indicators (such as the Profile, Pivot Point or Custom indicator) or even by just manually introducing such prices into a Quote page (having as columns V# variable..)
The FlexLevels Indicator makes it very easy for on educator or trader to share a series of any number of price levels with a group of traders. The educator or trader creates a chart and adds any number of reference lines to that chart. A simple function call then exports all their lines to a csv file. The csv file retains all the information about each line/level including: price, label, color, width, position details, and band details (if applicable). That file can then be placed on a server, and any number of traders may point their FlexLevels indicator at that server location and see exactly the same lines on their chart with a single indicator. And when the lines are changed at the source, those changes are quickly reflected in the FlexLevels indicator as FlexLevels frequently checks the server for a newer version. Each file can contain levels for a single symbol or multiple symbols. A single FlexLevels indicator can then be easily dragged and dropped into other charts. If a trader is not comfortable with the colors, positions, or labels, they may override those with options in the FlexLevels preferences. FlexLevels may also pull from a local file in addition to a remote path.