Have you ever noticed that prices seem to stick to certain “round numbers” like $1250, $1300, or $1350? It’s not just your imagination — these round numbers can actually act as psychological levels in the market, influencing trader behavior and shaping price action. But why do traders care so much about these round numbers? It all comes down to our psychological...
This indicator uses Round Numbers breakouts and then uses smart formula with the near Round Numbers to determine best TP (take profit)/SL (stop loss) areas. Furthermore, it calculates win percentage, shows in-profit/in-loss peaks and the price amount result over a customizable date range, which when combined well with the smart formula provides decent profitable...
Quarter Theory Levels is a script that will create level lines based on major round numbers and spilt those levels into half and quarter ranges. This tool is intended to help traders see major levels that price will likely react to in the future. The Script is inspired by Quarters Theory.
Quick Script to mark out round number levels. These levels often become reversal points or where the next price range will develop. This script is intended to be a tool to aid along with additional trading strategies.
This indicator has many components; below, each component is explained and how it can be used as a trading tool. 1) Future Lines a. Vertical lines are projected into the future to mark the beginning of each of the three major markets, Tokyo, London, and New York. b. When major markets open, this can cause an increase in price action. So this component...
KILTED ROUND NUMBERS v1.0 Description: This is a simple indicator that calls out the psychological round numbers that the market gravitates towards. Lines in BLUE are SUPPORT as they will be below the current price and lines in RED are above the current price and represent resistance. This should assist traders with key levels that once drawn assist the eye with...
Round function in PineScript is very simple and allows you to round numbers only to the closest integer number. This is a bit irritating because I very often have to round numbers to some decimal places and not integer. So I created 2 functions I use all the time and now sharing them with you. roundn - rounds the values in its first argument to the...