Sweat Spot
- 지표
- Evaldas Jakas
- 버전: 1.0
This Quarter Levels Indicator for MQL5 is a sophisticated technical analysis tool designed to capitalize on "Psychological Levels" or "Round Numbers" in financial markets. It operates on the principle that institutional order flow, stop-losses, and take-profit targets tend to cluster at specific mathematical intervals—specifically the whole numbers (00), midpoints (50), and quarter points (25 and 75).
By dividing price action into these four distinct quadrants, the indicator provides a clear framework for identifying high-probability support and resistance zones. Large institutions and high-frequency trading algorithms often treat these levels as decision points; therefore, the indicator helps retail traders visualize where the "smart money" is likely to interact with the market.
Technical Versatility and Customization
Unlike standard grid tools, this indicator is fully dynamic and highly customizable:
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Visual Hierarchy: Users can assign unique colors, widths, and line styles (solid, dashed, or dotted) to each sub-level. This allows for an immediate visual distinction between a "Major Level" (e.g., a thick red line at 1.1000) and a "Minor Level" (e.g., a thin dotted gray line at 1.1025).
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Mathematical Precision: The indicator utilizes an "anchor" logic that automatically detects the current price and projects the grid both above and below the current market value. It accounts for broker-specific digit formats (3-digit and 5-digit), ensuring that the pip-to-price conversion remains accurate across Forex, Gold, and Indices.
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Strategic Flexibility: Traders can use these levels for precise entry triggers (buying a bounce at the 25 level) or as logical exit points (targeting the 00 level).
Ultimately, this indicator transforms a chaotic price chart into a structured environment, reducing emotional trading by providing objective, pre-defined levels of interest that remain constant regardless of market volatility.
