Key Levels + Zones
$4.99
Highlight even numbered price levels
Indicator clearly displays the even numbered price levels: “00s” and “50s”.
Displays “Straddle Zones” which are preset pips on each side of even numbered price levels.
Renders a “Risk Zone” of Support/Resistance:
- The risk zone straddles even numbered price.
- The zones act as natural Support & Resistance.
- Zone relates to where many traders place their stops; therefore can be risky and known to steer clear when placing your stops.
- Zone is almost a price magnet!
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What are Psychological Levels and How Do They Work?
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“Psychological levels are market price levels which are often key levels in forex denoted by round numbers. These round numbers frequently act as levels of support and/or resistance.”
Traders will often call these whole number intervals ‘double-zeros’ (00‘s), as these prices are at even numbers such as 1.31000 on EUR/USD, 1.57000 on GBP/USD or 132.00 on GBP/JPY.
Some traders will take this a step further by looking at the number directly in the middle of these whole numbers or ‘the fifties’ (50‘s). These levels, such as 1.31500 on EUR/USD or 131.50 on GBP/JPY can often come into play in the same manner as the ‘double-zeros.’
For more info on key levels, see dailyfx.com article:
Psychological Levels & Round Numbers in Forex Trading
Indicator Reviews
2 reviews for Key Levels + Zones
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$4.99
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Michael Gathemia (verified owner) –
The most underated indicator people do not know about. I’m glad I found this. Suitable use with the weekly timeframe.
Kymier Casson Fraizer (verified owner) –
With the added straddled feature is a good eye opener, I use ATS mapping software and love to see the red box paint directly on them. Thank you. I also use RENKOS frim ovo, and Boi I tell you, things can’t get easier then this.