Psychological Levels Round Number Lines
- Indicadores
- Versão: 5.10
Psychological Levels – Round Number Lines and Order Block Zones for MT5
Overview
Psychological Levels draws horizontal price levels at round numbers (endings in 0 and 5) and highlights order block zones around them. Traders often watch these areas for reactions, reversals, and liquidity. The indicator keeps your chart clean by drawing only the levels near the current price and updating them as price moves.
Features
- Horizontal lines at round numbers ending in 0 and 5, each with its own style, width, and color
- Max Levels: order block zones at endings 00-10, 30-40, and 70-80 of each 100-unit block
- Min Levels: order block zones at endings 10-15, 30-35, 50-55, 70-75, and 90-95 of each 100-unit block
- Optional price labels on the right side of the chart, aligned to each visible level
- Four toggle buttons to show or hide Ending 0, Ending 5, Max Levels, and Min Levels
- Flat button design with a color accent strip that shows the ON/OFF state at a glance
- Button states are saved per chart and kept when you change the timeframe
- Zone borders and fill colors are fully customizable
- Works on any timeframe
How It Works
The indicator draws levels only within a set range around the current price and adds or removes them as price moves, so the chart stays light. Each zone has a top and bottom border line with an optional filled rectangle. Hover over a zone to see its price range in the tooltip.
Input Parameters
- Levels: step size (default 10.0) and number of levels per side
- Lines – Ending 0 / Ending 5: line style, width, and color
- Max Levels / Min Levels: block size, blocks per side, start and end of each zone, border color, style, and width, fill on/off, fill color, and default visibility
- Labels: show or hide labels, font size, colors, and horizontal offset
- Buttons: position, size, spacing, font size, and ON/OFF colors
Usage Notes
- The default values (a 10-unit step and 100-unit blocks) suit instruments with larger price numbers, such as gold. For other symbols, adjust the step and block size to match the price scale.
- Zone start and end values are offsets inside each block, so you can redefine the zones freely.
- Removing the indicator from the chart deletes all its objects and saved button states.
Disclaimer
This is a visual analysis tool and does not generate trade signals. Always combine it with your own analysis and risk management.
