WaltSoft RNB Plus MT5
- Version: 2.9
- Updated: 20 April 2023
- Activations: 5
Round Numbers and Background.
The WaltSoft RNB Plus Indicator adds scale and perspective to your charts.
Alert, Notification and Email can be set for when price reaches a Big Round Number.
Because price does very often react on big round numbers this indicator is especially handy for Scalping and Swing trading.
On a naked chart you have no clue of how much price has moved.
But put the WaltSoft RNB on your chart and it draws an alternating color background (grid) with a scale you can choose.
It also draws horizontal lines, with or without price labels, on big round numbers.
This indicator is highly configurable to completely suit your taste and needs.
- Draw Grid - draws a color alternating background
- Hide Grid When TF >= ... - Hides the Grid when the Chart Time Frame is Equal or Higher than the here selected Time Frame
- Grid Space in Points - alternations width in points
- Shift Grid Up/Down - shift alternating background up or down, also in points. Use minus sign for down
- Color Scheme Grid - quick-pick a color for dark or light chart background
- User Defined Color - choose your own color - you need to set "Color Scheme Grid" to "User Defined Color"
- Draw Big Round Numbers - draws a horizontal line ...
- Grid Space in Points - ... every, what you set here, in points
- Shift Grid Up/Down - shift all big round numbers up or down, also in points. Use minus sign for down
- Draw Lines and/or Labels, Choose - Lines and Price Labels, Only Price Labels, Only Lines Long or Only Lines Short
- Show Wholes - draws a horizontal line at what you set at "Grid Space in Points"
- Hide Wholes When TF >= ... - Hides the Wholes when the Chart Time Frame is Equal or Higher than the here selected Time Frame
- Line Color - the color of the horizontal lines
- Line Width - the width of the horizontal lines
- Line Style - options: Solid, Dash, Dot, Dashdot and Dashdotdot
- Size Price Labels - the size of the price labels
- Shift Price Labels To Right (Nbr of bars) - you can shift the price labels a number of bars to the right
- Show Halves - draws a horizontal line at half the size of what you set at "Grid Space in Points"
- Show Quarters - draws a horizontal line at a quarter the size of what you set at "Grid Space in Points"
- Action when Big Round Number is reached
- Show Alert - pop-up Alert on your screen
- Send Notification - to your mobile. Has to be enabled and configured in your Tools/Options tab Notifications
- Send Email - Has to be enabled and configured in your Tools/Options tab Email
- Trigger - Choose between "On Every Tick" or "Only on Close of Candle"
- On Wholes - Alert on wholes
- On Halves - Alert on halves
- On Quarters - Alert on quarters
- Alerts Time-out, Seconds - No Alerts during time-out
- Remember Grid Space for TF-Symbol - Purpose is to be able to disable this function when using more than one of this indicator on your chart
- My Key Sequence = "BRN" - Enter a Sequence of 3 keys, only letters and numbers, to Hide / Show Big Round Numbers. (if enabled in above settings, Alerts will still work either way)
Tip: You can put more than one of these indicators on the same chart.
If you do, you will have to use your imagination and creativity and play around with the settings.
Nice Indicators for Round Numbers based strategy.I like the big size Horizontal labels at the key round numbers,with a lot of options to customize.The developer is very helpful and I am pleased that he implemented a feature request that I had asked for.