Round Price Levels
As a trader, you've probably seen many times how price will pause or even reverse at a round number. Thats not a coincidence, round numbers are a psychological barrier for traders, and a place they often put their stops. This makes then ideal support and resistance levels.
Our indicator can make spotting and utilising those levels much easier!
The indicator is designed to automatically draw price levels at Round values on your charts.
A round level can be as simple as steps of 10, so 10, 20, 30 etc or if you are working with Forex, maybe you want to see changes at 0.1 or 0.01. It will automatically calculate the best values for the chart, but also gives you the option to override it, and choose your own break levels.
The indicator draws two classes of line, Major and Minor, each with a different format, and this allows you to see the reactions at two different scales.
Alerting
The Indicator also contains the ability to sound an alarm, or send notifications to your phone, when price gets close to a level. You have control over how often you want to receive alerts, and how close price must come to the level before the alarm is raised.
More information is available via the buttons to the left.
Demonstration Video
Screenshots
