RoundLevels

0
(0)
Name:
RoundLevels [ ru | cn ]
Author: Martes (2008.05.04 09:58)
Downloaded: 2430
Download:
RoundLevels 1
 RoundLevels.mq4 (5.4 Kb) View
Many traders consider "round" levels (to be more exact, the levels, the vertical coordinate of which (in points) ends with "00") as the levels of resistance/support. Example: the levels of 1.5800 and 1.5900 for EURUSD. Indicator RoundLevels draws two "round" nearest levels above and below the current price level.

RoundLevels 2

The indicator is rather created to facilitate manual trading. It has 4 buffers that store the values of vertical coordinates of these levels. However, in this present realization, only the last value of each buffer has an exact sense.
The external variable LineWidth says for the thickness of lines composing the "round" levels. The variable KeepTraces regulates whether to keep the buffer values calculated on the preceding candlesticks.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?



Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.