Put Major Trading Levels & Round Numbers on Your Charts
You only have to watch trading charts for a short amount of time to see how prices seem to react strongly to certain price levels. Many times these levels can be found at major round number thresholds like 1.000, 1.200 or 1.500 depending on the currency pair.
These major levels are points of support and resistance as well as being major points of congestion, often referred to as important psychological levels.
This indicator is very straightforward with these Features:
> Determine Your desired Major & Minor Levels (up to 3)
> Change the Style, Color & Width of Lines
> Ability to Shift All Levels into Past Trading History
> Automatically adjusts with price and time
The Major Trading Levels will stay on your chart and update with the latest prices.
* Indicator works with Metatrader 4 Platforms only
* Indicator is copyrighted material and can not be distributed without express written consent.
Risk Disclosure: Foreign Currency trading and trading on margin carries a high level of risk and can result in loss of part or all of your investment. Due to the level of risk and market volatility, Foreign Currency trading may not be suitable for all investors and you should not invest money you cannot afford to lose. Before deciding to invest in the foreign currency exchange market you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign currency exchange trading, and seek advice from an independent financial advisor should you have any doubts.
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