Round Level Indicator

Round Level Indicator

The Round Level Indicator automatically draws psychologically significant price levels directly on your chart.
These round numbers often act as key support and resistance zones across all markets and timeframes.
Round Levels are used in my automated EA: Opal

This indicator works best when combined with other tools and strategies, e.g.:

• Price Action Strategies
  Round levels often align with key support/resistance. Use it with candlestick patterns (like pin bars or engulfing bars) to confirm high-probability entries.
• Supply & Demand Zones
  Combining round levels with supply/demand indicators helps identify where institutions may place orders, increasing the likelihood of strong reactions.
• Trend Indicators
  Use with Moving Averages or a trend filter (like SuperTrend or ADX) to align entries at round levels with the overall trend.

Features:

• Automatically detects and draws round number levels 00, 50, 20, and 80
• Works on any timeframe and instrument (forex, indices, crypto, etc.)
• Lightweight and non-intrusive – no lag, no clutter
• Highlights institutional price zones used by professional traders
• Ideal for scalping, swing trading, and trend-following strategies

Parameters:

• Adjustable level spacing (step)
• Custom lookback period for dynamic price range
• Independent settings for 00/50 and 20/80 levels
• Select line width, color, and style per level type