AI Round Number Psychological Levels Indicator

AI Round Number Psychological Levels Indicator automatically plots the "00" and "50" round-number price levels around current price - the same psychological price zones where institutional orders, stop clusters, and retail reactions consistently pile up, on every symbol and every timeframe.

KEY FEATURES
- Automatically calculates and draws round-number levels above and below the current price based on a configurable step distance (in points), adapting to any symbol's price scale.
- Distinguishes major levels ("00", e.g. 1.1000) from minor levels ("50", e.g. 1.1050) with different colors and line styles, so you can immediately tell which levels are the stronger psychological zones.
- Levels automatically re-center as price moves, always keeping a fresh set of levels visible around current price without manual redrawing.
- Optional proximity alert: get notified the moment price approaches within a configurable distance of any round-number level.
- Lightweight horizontal line objects with price labels - clean and unobtrusive on the chart.

INPUTS
- Level Step Points: distance between each round level (e.g. 1000 points = the "00" level spacing on a 5-digit forex pair)
- Levels Above/Below: how many levels to draw in each direction from current price
- Major/Minor Color: customize the "00" vs "50" level colors
- Alert Distance Points / Alert On Approach: configure the proximity alert

WHO IS THIS FOR
Traders who use round numbers as support/resistance or take-profit/stop-placement reference points - a well-documented market microstructure effect where price often reacts around psychologically significant round levels (whole numbers, half numbers) due to clustered stop-losses and take-profits from other market participants.

Works on any symbol: forex, gold, indices, or crypto - simply adjust the Level Step Points input to match that instrument's typical round-number spacing.

Need this tool customized for your own strategy, or an advanced version with extra filters and alerts? Send me a private message on MQL5 and I will reply with an estimate.