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Key Levels and Zones

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 3
Michael Gathemia
50
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.

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MACD Currency Meter
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MACD and Currency Strength Meter(2 in 1 indicator) Currently 20% OFF!! When you buy my indicator, you are welcome to join our private group where we discuss strategies and possible setup for the indicator. Contact me to get the private link. MACD is trend indicator which is based one pair and Currency Strength Meter is also a trend indicator based on 28 major and minor pairs. While, MACD-CSM is a MACD indicator that is based on currency strengths of 28 pairs. Signals of MACD-CSM are differ
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Advanced Currency IMPULSE with ALERT
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Chart Local Time
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Display your Local Time on your charts Display your local time   instead of (or along with) MT4 server time. Display crosshair   which highlights current candle time. Automatically adjusts based on chart zoom (zooming in or out). Displays on every timeframe (M1 – Month), and auto-adjusts as chart timeframe is changed. Handles special ½ hour time zones , such as India.  Renders   fast   (no lag) as you scroll charts. Customize the font family, font size, background color, and crossh
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Active Price Lines
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ZigZag Leg Break
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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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Michael Gathemia
50
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
2266
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 :)
EDGARS BARTULANS
683
EDGARS BARTULANS 2020.08.14 13:38 
 

User didn't leave any comment to the rating

Dan
20
Dan 2020.08.01 22:18 
 

User didn't leave any comment to the rating

Reply to review
Version 2.14 2021.08.02
The horizontal lines are not selectable, eliminating frustration when selecting and moving other lines or indicators.