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 script is based on "Round Numbers Above and Below" by BitcoinJesus-Not-Roger-Ver, but unlike this script that only shows "Round Numbers" levels, my script also shows "Quarter Number" levels like 25 and 75 that are very important for those who follow the quarters theory.
Also the original script doesn't have different colors for different levels while my...
Institutional price levels
(AKA round numbers, Perfect Price Levels-PPL)
Institutional Price Levels (IPL) script shows the closest round numbers from the current price.
Some traders uses round numbers as a support resistance levels.
For example: 0.000 0.500 1.000 levels. Additional levels are 0.200 0.800.
So I made a simple script that shows round numbers and...
This indicator is designed to show psychological levels/round levels.
The difference between this version and the others is that :
It will automatically show round levels for each symbol you select without having to enter "tick value" manually.
Gap : If the value is equal to zero, the round levels will be found automatically, but if you change...
This indicator shows zones of round numbers for 3 custom symbols like US30, EURUSD or GOLD as lines in the chart. The starting price can also be the current or a custom one and you can configure the increments as well. CAPITALCOM:US30
Round number indicator that draws horizontal lines at each 50 pips for Forex.
The original indicator is developed by DavitBrunet and I have modified enabling to select line style, line color and line width.
Thank you @DavitBrunet for inspiring me!
I wrote some Support/Resistance scripts before this. In this new script, I implemented the logic of the code from the scratch, so it's very different from my previous S/R indicators and I think it's more advanced, accurate and efficient.
As the result it could do the followings for now:
- Draw more strong classical resistance/support levels by checking previous...
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...
If you search the internet, you won't find much about these types of resistance and support levels. Hidden levels are SnR levels calculated based on some psychological patterns and sometimes it's unbelievable that the chart responds to these levels.
So use the indicator and check the idea.
Thought it would be interesting to look into psychological barriers (round numbers) denominated in foreign currencies and see where those barriers show up on a USD chart.
I did a couple of quick and superficial Internet searches to get an idea of which USD pairs are being used the most to trade Bitcoin. My conclusion is that the most relevant currencies are the...
Welcome to Pine Script Tutorial #4
This is more complex than the previous 3 tutorials. This one builds upon the first 3 tutorials.
What does this code do?: It plots on a histogram (at the bottom), the difference between closest round number and the close. So for example 84 -close = 16 pips. It shows the 16 pips on the histogram.
First off, it is actually Two...