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Key Levels and Zones

30 USD

Demo downloaded: 32

Published: 1 August 2020

Current version: 2.14

Key Levels and Zones

Name: Key Levels and Zones
Price: 30.00 USD
Author: Rider Capital Group

Indicators
Rider Capital Group
Version: 2.14
Updated: 2 August 2021
Activations: 9

Key Levels + Zones

Indicator cleanly displays even numbered price levels: “00s” and “50s”. Additionally, you can display “Mid-Lines” which are preset distance levels on both sides of the even numbered price levels (set to 12.5 pips by default). This 25-pip zone that straddles each even numbered price relates to where many traders place their stops and therefore can be a risk “Zone” to steer clear of when placing your stops. The zone also acts as support and resistance.

Indicator provides full custom control over the level lines color and style, as well as the zone transparency.

Traders will often call these whole number intervals ‘double-zeros’ (00's), as these prices are at even numbers such as 1.31000 on EUR/USD, 1.57000 on GBP/USD or 132.00 on GBP/JPY.

Some traders will take this a step further by looking at the number directly in the middle of these whole numbers or ‘the fifties’ (50's).

These levels, such as 1.31500 on EUR/USD or 131.50 on GBP/JPY can often come into play in the same manner as the ‘double-zeros.’

For more info on key levels, see dailyfx.com article: WHAT ARE PSYCHOLOGICAL LEVELS AND HOW DO THEY WORK?

Psychological levels are market price levels which are often key levels in forex denoted by round numbers. These round numbers frequently act as levels of support and/or resistance.

Rider Capital Group

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Get alerted (and see on the chart) when a zigzag leg break occurs! Indicator works in real time, alerting and cleanly displaying when price closes beyond the last high/low zigzag. This is important to confirm a trend is evolving in a healthy manner: To confirm a trend is evolving in a healthy manner, not only do we need to see price moving higher/lower than its previous high/low, we also expect to see at least two closes beyond that high/low as further evidence that the market is accept

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John Winsome Munar 2022.06.14 19:16 #

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Kymier Casson Fraizer 2022.04.29 23:31 #

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Reply from developer Arne Dale Valum 2022.05.27 01:04 #

Happy to hear you enjoy the indicator :)

JAJA00 2022.03.07 16:39 #

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Reply from developer Arne Dale Valum 2022.05.27 01:04 #

Thanks for the feedback -- will consider that option in a future update.

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David Zita 2022.01.04 21:54 #

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Reply from developer Arne Dale Valum 2022.01.08 23:41 #

That's awesome to hear! Glad you enjoy it as much as we do :)

Michael Gathemia 2021.07.22 20:28 #

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Reply from developer Arne Dale Valum 2021.08.03 07:49 #

Thanks for the great review and feedback. You had a great suggestion! Updated the code to version 2.14, and now the horizontal lines are not selectable, eliminating frustration when selecting and moving other lines or indicators :)

[Deleted] 2020.08.14 13:38 #

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[Deleted] 2020.08.01 22:18 #

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Version 2.14 2021.08.02

The horizontal lines are not selectable, eliminating frustration when selecting and moving other lines or indicators.