Price Magnets: MT4 Indicator Identifies Price Density Levels for Better Entries

Price Magnets review in 2026 focuses on objective performance analysis for traders using MT4. This review covers how Price Magnets identifies Price Density and attraction levels and presents clear metrics on what to expect in live conditions. Price Magnets is unique because it prioritizes time-in-price rather than volume, mapping zones where price spent the most time and treating them as magnets that attract future action. The algorithm computes a density distribution across a selectable historical window and highlights peaks as attraction levels. It then plots these as bands and heat areas that traders can use to align entries with structural support and resistance. Price Magnets excels in range-bound and mean-reverting environments where price frequently returns to time-accumulation zones, and it provides weaker signals during strong trending breakouts unless configured with trend filters. The indicator includes configurable sensitivity and smoothing to balance signal frequency versus precision. Risk management is left to the trader, but the indicator supports objective stop placement by using the edges of dense zones as logical invalidation points. Expected performance characteristics are modest and realistic: the tool typically improves trade selection and reduces false breakouts when combined with a clear risk plan. Ivan Simonika developed Price Magnets with transparency and backtest reproducibility in mind, and the 2026 performance context shows practical value for MT4 traders integrating price-time data into their setups.