Whole Number Levels & Zones

Whole Number Levels & Zones Indicator

This indicator is designed to automatically plot key psychological price levels on your chart. These are typically round numbers (e.g., 1.35000 on GBP/USD) where trading activity often clusters, creating potential support and resistance.

How It's Used:

Traders use these lines and zones to identify areas where the price might pause, reverse, or break out.

Support: If the price is falling, it may find support and bounce off one of these levels.

Resistance: If the price is rising, it may face resistance and stall at one of these levels.

Confirmation: It can be used alongside other indicators and analysis techniques to confirm trade entries or exits.

Key Features:

Automatic or Manual Levels: You can either let the indicator automatically adjust the lines based on the current price or anchor them to a specific starting price you choose.

Customizable Intervals: You can set the distance between each line (e.g., every 50 or 100 pips).

Shaded Zones: You can enable a shaded box around each line to better visualize the price zones. The height of this box is adjustable.

Full Styling Control: You have complete control over the color, style (dashed, solid, dotted), and thickness of the lines and zones to match your chart's theme.