Key Levels and Zones

4.5

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


Reviews 9
John Winsome Munar
3471
John Winsome Munar 2022.06.14 19:16 
 

Good free product. It gives clear indications for important key levels.

JAJA00
38
JAJA00 2022.03.07 16:39 
 

Tried a lot of RN indie, This is the best out there. Thank you very much for this indicator. if i may add one thing, can you help to give an option to either show the 00 level or not as you did for the 50 rn level also? Thanks

David Zita
408
David Zita 2022.01.04 21:54 
 

You have changed my life with this Indicator. THANK YOU very much!

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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 accepti
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Ingwer
126
Ingwer 2026.03.03 20:09 
 

a big "Thanks 🙏" to the developer , appreciate your job and sharing👍🏻

Rider Capital Group
5047
Reply from developer Arne Dale Valum 2026.03.06 22:59
Right on! Happy to hear you like it as much as we do :)
Pãltïê Dåtsmêw
74
Pãltïê Dåtsmêw 2025.01.08 13:13 
 

its excellent my only problem is it needs to be fixed on us30, nasdaq, and gold as the levels become very narrow, but it is better on german30 and usoil also currencies of which i have tested on. please update it to work on those three i have mentioned

John Winsome Munar
3471
John Winsome Munar 2022.06.14 19:16 
 

Good free product. It gives clear indications for important key levels.

Kymier Casson Fraizer
146
Kymier Casson Fraizer 2022.04.29 23:31 
 

User didn't leave any comment to the rating

Rider Capital Group
5047
Reply from developer Arne Dale Valum 2022.05.27 01:04
Happy to hear you enjoy the indicator :)
JAJA00
38
JAJA00 2022.03.07 16:39 
 

Tried a lot of RN indie, This is the best out there. Thank you very much for this indicator. if i may add one thing, can you help to give an option to either show the 00 level or not as you did for the 50 rn level also? Thanks

Rider Capital Group
5047
Reply from developer Arne Dale Valum 2022.05.27 01:04
Thanks for the feedback -- will consider that option in a future update.
David Zita
408
David Zita 2022.01.04 21:54 
 

You have changed my life with this Indicator. THANK YOU very much!

Rider Capital Group
5047
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
93
Michael Gathemia 2021.07.22 20:28 
 

The most underated indicator people do not know about. I'm glad I found this. Suitable use with the weekly timeframe. I hope the developers could fix the horizontal lines from being selectable.

Rider Capital Group
5047
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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