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Round Number Drawer

The Round Number Drawer is an indicator that automatically draw lines or zones at the psychological levels (00 or 50) as the market moves.  New lines are drawn as the market moves while the old lines are deleted. This ensures that your chart is clutter-free. The user specifies the number of lines preferred on the chat, and the indicator keeps the number of lines constant. The indicator plots two types of levels, the Main Level (00 levels e.g. USDCAD 1.33000, 1.34000) and the Sub Level (50 levels - e.g. USDCAD 1.33500, 1.34500)

Features

  • User can specify the number of lines preferred on the chat
  • All lines are fully customisable, allowing you to control how the lines appear on the chat
  • Lines can be changed to zone for users who prefer to see support and resistance levels as zones rather than lines
  • Lines are automatically drawn and deleted giving a clean chart
  • Users can opt to see both the Main Level and the Sub level on the chat or either of the levels.

What are Psychological Levels?

These are round numbers or levels (e.g. EURUSD, 1.14000, 1.14500, 1.15000 etc.) that the market tends to react. Take a look at any chart and you will observe that the market tends to react at these round numbers. They act as natural levels of support and resistance. As humans we tend to think in terms of whole round numbers, rather than in terms of random numbers. Institutional traders often use these levels when setting their profit levels or entry price. Also, the central banks often use these psychological numbers as a price reference range for their currencies. They expect their currencies to trade within this range. If price gets close to these psychological numbers, they often react verbal or actual.

Strategy

By using round numbers as support and resistance, one can trade, the breakout, reversal or pullback. Psychological levels combined with knowledge of price action is a good addition to a technician’s tool box

Input Parameters

The parameters required for the indicator are self-explanatory. This section highlights some of the parameters

  • Levels: Controls the number of lines on the chart
  • LineColorMain, LineStyleMain, LineWidthMain: Adjusts the property of the Main levels lines which is the 00 level
  • ShowSubLevels: to display or not display the Sub levels which is the 50 level
  • ShowMainZone: for users who prefer to use zones instead of lines to indicate the psychological levels
  • SubZoneSize: controls the width of the zone allowing the zone to be wider or thinner


About the Author

William combines his love for programming and trading into one by creating helpful indicators for both new and advanced traders.



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Trend Line Map indicator is an addons for   Trend Screener Indicator . It's working as a scanner for all signals generated by Trend screener ( Trend Line Signals ) . It's a Trend Line Scanner based on Trend Screener Indicator.  If you don't have Trend Screener Pro Indicator,   the Trend Line Map Pro will not work.     LIMITED TIME OFFER : Trend Line Map Indicator is available for only 50 $ and lifetime. ( Original price 125$ ) By accessing to our MQL5 Blog,  you can find all our premium indica
AW Trend Predictor MT5
AW Trading Software Limited
4.78 (58)
Tek bir sistemde trend ve kırılma seviyelerinin kombinasyonu. Gelişmiş bir gösterge algoritması piyasa gürültüsünü filtreler, trendi, giriş noktalarını ve olası çıkış seviyelerini belirler. Gösterge sinyalleri, sinyal geçmişinin etkinliğini gösteren en uygun enstrümanların seçilmesine izin veren bir istatistiksel modüle kaydedilir. Gösterge Kâr Al ve Zararı Durdur işaretlerini hesaplar. Kılavuz ve talimatlar ->   BURAYA   / MT4 versiyonu ->   BURAYA Gösterge ile nasıl ticaret yapılır: Trend Pre
ADR Ters Çevirme Göstergesi, normal ortalama günlük aralığına göre fiyatın şu anda nerede işlem gördüğünü bir bakışta size gösterir. Fiyat, ortalama aralığı ve seçtiğiniz seviyenin üzerindeki seviyeleri aştığında, açılır pencere, e-posta veya push yoluyla anında uyarılar alacaksınız, böylece hızlı bir şekilde geri çekilmelere ve geri dönüşlere atlayabilirsiniz. Gösterge, grafikte ortalama günlük aralık uç noktalarında yatay çizgiler ve ayrıca fiyatları aşan matematiksel olasılıkları olan seviye
Italo Trend Indicator MT5
Italo Santana Gomes
4.89 (9)
BUY INDICATOR AND GET EA FOR FREE AS A BONUS + SOME OTHER GIFTS! ITALO TREND INDICATOR  is the best trend indicator on the market, the Indicator works on all time-frames and assets, indicator built after 7 years of experience on forex and many other markets. You know many trend indicators around the internet are not complete, does not help, and it's difficult to trade, but the Italo Trend Indicator is different , the Italo Trend Indicator shows the signal to buy or sell, to confirm the signal t
Matrix Arrow Indicator MT5
Juvenille Emperor Limited
5 (14)
Matrix Arrow Indicator MT5 ,   forex ,   emtialar ,   kripto   para birimleri ,   endeksler ,   hisse senetleri   gibi tüm sembollerde/araçlarda kullanılabilen   %100 yeniden boyamayan   çoklu zaman çerçevesi göstergesini izleyen benzersiz bir 10'u 1 arada trenddir.  Matrix Arrow Indicator MT5 , mevcut eğilimi erken aşamalarında belirleyecek ve aşağıdakiler gibi 10'a kadar standart göstergeden bilgi ve veri toplayacaktır: Ortalama Yönlü Hareket Endeksi (ADX) Emtia Kanal Endeksi (CCI) Klasik Hei
Bill Williams Advanced
Siarhei Vashchylka
5 (5)
Bill Williams Advanced is designed for automatic chart analysis using Bill Williams' "Profitunity" system. The indicator analyzes four timeframes at once. Manual (Be sure to read before purchasing) Advantages 1. Automatically analyzes the chart using the "Profitunity" system of Bill Williams. The found signals are placed in a table in the corner of the screen. 2. Equipped with a trend filter based on the Alligator indicator. Most of the system signals are recommended to be used only accordi
Legacy of Gann for MT5
Pavel Zamoshnikov
5 (5)
The indicator very accurately determines the levels of the possible end of the trend and profit fixing. The method of determining levels is based on the ideas of W.D.Gann, using an algorithm developed by his follower Kirill Borovsky. Extremely high reliability of reaching levels (according to K. Borovsky  - 80-90%) Indispensable for any trading strategy – every trader needs to determine the exit point from the market! Precisely determines targets on any timeframes and any instruments (forex, met
Dark Power MT5
Marco Solito
4.85 (60)
Dark Power  is an Indicator for intraday trading. This Indicator is based on   Trend Following  strategy, also adopting the use of an histogram to determine the right power . We can enter in good price with this Indicator, in order to follow the   strong trend   on the current instrument. The histogram is calculated based on the size of the bars and two moving averages calculated on the histogram determine the direction of the signal Key benefits Easily visible take profit/stop loss lines Int
Bu gösterge paneli, seçilen semboller için mevcut en son   harmonik kalıpları   gösterir, böylece zamandan tasarruf edersiniz ve daha verimli olursunuz /   MT4 sürümü . Ücretsiz Gösterge:   Basic Harmonic Pattern Gösterge sütunları Symbol :   seçilen semboller görünecektir Trend:   yükseliş veya düşüş Pattern :   desen türü (gartley, kelebek, yarasa, yengeç, köpekbalığı, cypher veya ABCD) Entry :   giriş fiyatı SL:   zararı durdur fiyatı TP1:   1. kar alma fiyatı TP2:   2. kar alma fiyatı
Introducing the South African Sniper indicator created by a small group of traders with a few years trading trading the financial market profitably . This is a plug and play indicator that provides you with  BUY and SELL (SNIPER ENTRY) signals with TARGET and trail stops. The indicator Works with all MT5 trading instruments. The indicator uses previous  chart data as receipt to speculate on future market moves.  "The South African Sniper indicator community are very happy with the indicator an
3 Indicators in 1 indicator Strategy based on price action Made specifically for the best forex currency pairs Can be used in the best time frame of the market at a very reasonable price This indicator is basically 3 different indicatos . But we have combined these 3 indicators in 1 indicator so that you can use 3 indicators at the lowest price. All three strategies are based on price action. But based on different trends. Long term, medium term and short term Attributes : No repaintin
ADR Uyarı Gösterge Tablosu, normal ortalama günlük aralığa göre fiyatın şu anda nerede işlem gördüğünü bir bakışta size gösterir. Fiyat, ortalama aralığı ve seçtiğiniz seviyenin üzerindeki seviyeleri aştığında, açılır pencere, e-posta veya push yoluyla anında uyarılar alacaksınız, böylece hızlı bir şekilde geri çekilmelere ve geri dönüşlere atlayabilirsiniz. Çizgi, boş bir çizelgeye yerleştirilmek üzere tasarlanmıştır ve sadece arka planda oturun ve seviyelere ulaşıldığında sizi uyarır, böylece
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HLHB Trend Catcher System
William Jidekene Igwe
4.5 (2)
If you trade or wish to trade the popular HLHB Trend-Catcher System, then this indicator is for you! It detects when the HLHB system entry rules are met and sends out an alert in the form of notifications to your mobile phone and to your pc. By automatically sending you notifications, this indicator lessens your trading work load as you don't have to sit in from of your pc all day checking all the chats for when the entry rules are met. This indicator does all the dirty work for you. When the si
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Average Daily Range (ADR) with Support  (S) and Resistance (R) Levels is an indicator which shows how far a currency pair can move in a day. It can be used to find hidden support and resistance levels, estimate effective profit and stop loss targets, and provide short term trade signals from the hidden S and R levels. Features Automatically plots on the chat, the top and bottom of the ADR value (i.e. a horizontal channel) which acts as Support and Resistance Levels Automatically calculates the
Entry and Exit
William Jidekene Igwe
Entry and Exit indicator simplifies the trading process by automatically providing the entry price and the take profit price with the appropriate stop loss. The indicator constantly monitors the market for the right entry conditions and send outs signals via push notifications to the trader's mobile phone or pc as desired. Hence a trader do not need to watch the chart all day but only act when signals are sent. This indicator is built around the 'H4 Engulfing System' and the 'Triple Stochastic S
Average Daily Range SR
William Jidekene Igwe
5 (1)
Average Daily Range (ADR) SR is an indicator which shows how far a currency pair can move in a day. It can be used to find hidden support and resistance levels (SR), estimate effective profit and stop loss targets, and provide short term trade signals from the hidden SR levels. Features Automatically plots on the chat, the top and bottom of the ADR value (i.e. a horizontal channel) which acts as Support and Resistance Levels Automatically calculates the percentage of the ADR reached by the curr
Psychological or Round Levels indicator automatically draws lines or zones at the psychological levels (00 or 50) as the market moves.  New lines are drawn as the market moves while the old lines are deleted. This ensures that your chart is clutter-free. The user specifies the number of lines preferred on the chat, and the indicator keeps the number of lines constant. The indicator plots two types of levels, the Main Level (00 levels e.g. USDCAD 1.33000, 1.34000) and the Sub Level (50 levels -
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