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Indicator of round levels. A range of significant prices, with a sound and text notification that the current Bid price of a currency pair is equal to a round number.

This indicator will clearly show the trader the true levels of support and resistance from which most traders and trading robots work.

The advantage of working with this indicator is that a trader adding an indicator to the chart practically does not need to build additional levels.

Round price levels represent a certain barrier, so we can say that price values that are multiples of one hundred (00) serve as support/resistance levels for the price.

For investors working on older timeframes or working on younger ones, it is easier to remember a round number within a day by tracking the dynamics of the price movement of instruments.

This is a common human desire to simplify everything. It is also inherent in traders. That’s why multiples of a hundred levels are so attractive to the crowd.

It is at levels like 1.23000, 1.4000, 1.23500, etc. that the real struggle of bulls with bears takes place.

And having determined who won at the moment by the rebound or breakdown of these levels, we can join the majority of open orders on the market.

When opening deals clearly from the levels, for a rebound, and according to statistics there are more of them than breakouts, we can place tp at the next price level, thereby determining the minimum power reserve.

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With a breakdown and consolidation near the round level, we can safely open deals in the continuation of the movement, since the price barrier was passed by putting sl behind the broken level, thereby determining our risks for the transaction.

When adding an indicator to the chart, it is possible to enable and disable notifications in the input parameters.

With the AlertPlay = true parameter, the indicator will display a dialog box when the price of a currency pair touches a round level. The text of the notification is the name of the currency pair and the value of the bid price at the moment.

Also, when you touch the level, the standard ‚Äúalert.wav‚ÄĚ sound will be heard.

  • Show 00 Levels ‚Äď show an absolutely round level, by default: true.
  • Show 10 Levels ‚Äď show a round level multiple of one hundred, by default: true.
  • Show 20 Levels ‚Äď show the two hundredth round level, by default: true.
  • Show 30 Levels ‚Äď show the three hundredth round level, by default: true.
  • Show 40 Levels ‚Äď show the four hundredth round level, by default: true.
  • Show 50 Levels ‚Äď show the five hundredth round level, by default: true.
  • Show 60 Levels ‚Äď show the six hundredth round level, by default: true.
  • Show 70 Levels ‚Äď show the seven hundredth round level, by default: true.
  • Show 80 Levels ‚Äď show the two hundredth round level, by default: true.
  • Show 90 Levels ‚Äď show the nine hundredth round level, by default: true.
  • Show 20 Levels ‚Äď show the two hundredth round level, by default: true.
  • Levels 00 Color ‚Äď the color of an absolutely round level, by default: DarkGreen.
  • Levels 10 Color ‚Äď the color of a round level multiple of one hundred, by default: DarkGreen.
  • Levels 20 Color ‚Äď the color of the two hundredth level, by default: DarkGreen.
  • Levels 30 Color ‚Äď the color of the three hundredth level, by default: DarkGreen.
  • Levels 40 Color ‚Äď the color of the four hundredth level, by default: DarkGreen.
  • Levels 50 Color ‚Äď the color of the five hundredth level, by default: DarkGreen.
  • Levels 60 Color ‚Äď the color of the six hundredth level, by default: DarkGreen.
  • Levels 70 Color ‚Äď the color of the seven hundredth level, by default: DarkGreen.
  • Levels 80 Color ‚Äď the color of the eight hundredth level, by default: DarkGreen.
  • Levels 90 Color ‚Äď the color of the ninth level, by default: DarkGreen.
  • Width 00; 10; 20; 30; 40; 50; 60; 70; 80; 90 ‚Äď The thickness of the round levels, by default:1.
  • Level Style ‚Äď Styles of price levels, with a thickness of (1), by default: Dot (dots).
  • AlertPlay ‚Äď Enables audio and text notifications, by default: false (disabled).

Note: The indicator is suitable for working on all trading instruments. The recommended timeframe is up to M15.

When working on higher timeframes, it is possible to disable round price levels.

Key Features of Algorithmic Trading Software

24 April 2018

5.0

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