Round Number Osw MT5
- Indicators
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William Oswaldo Mayorga Urduy
MQL4 and MQL5 trader and developer since February 2019, delivering projects in under one day and providing post-delivery technical support.
Optimized code, advanced logic, and high-quality code. - Version: 1.3
- Updated: 24 June 2024
- Activations: 7
Round Numbers Osw - Psychological and Institutional Levels
Round Numbers Osw is a professional indicator designed to automatically plot round and psychological price levels on any MetaTrader 5 chart, allowing traders to identify critical zones of supply, demand, and institutional liquidity concentration visually and quickly.
Configuration Parameters Guide
The inputs panel is divided into point scale blocks (10, 100, 1000, 10000, 100000, and 1000000 Points), allowing each level to be customized independently:
Parameters per Level (Round Number Points)
Show: Activates or deactivates the projection of the round level grid for the corresponding point scale.
Color: Defines the color of the lines plotted on the chart to maintain a clear visual hierarchy between major and minor levels.
Style: Selects the line style (dotted, solid, dashed) to easily differentiate the relevance of each price point.
Width: Adjusts the line thickness to visually emphasize levels of greater institutional impact.
Show Numbers: Activates or deactivates the numerical value label of the exact price on each projected line.
Visual Interpretation
The indicator projects a dynamic grid of horizontal lines on the chart that correspond to the asset's round figures. Thicker solid lines in prominent colors represent macro institutional levels (liquidity blocks and reaction zones of large participants), while dotted lines mark micro intraday support and resistance levels.
Operation Guide
Liquidity Zone Identification: Use the 10,000 and 100,000 point levels as primary institutional supports and resistances to define take-profit targets or price reversal zones.
Operational Confluence: Look for confirmation patterns (entry triggers) when the price interacts directly with a round number line in confluence with the current market structure.
Capital Protection: Strategically place your invalidation levels (Stop Loss) outside round figures to reduce exposure to common liquidity sweeps.
Optimization and Recommendations
Suggested assets: Major currencies (Forex), stock indices (US30, NAS100), commodities (Gold/XAUUSD), and Synthetic Indices.
Timeframes: Compatible with all timeframes (M1 to MN). It is recommended to use 1,000 and 10,000 point scales for intraday operations (M5 to H1) and larger scales for macro and Swing Trading analysis.
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