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Round Levels Indicator
The Round Levels Indicator places key psychological level where the price may stall or reverse on the chart.
CATEGORIES: MT5, LEVELS
Updated on: 13.12.2023
All financial institutions and market makers trading in forex markets have strategic ways they place orders. These big players place their orders at key levels called the psychological levels. These levels are rounded numbers that end in .00 or .50. These psychological levels can be all-time highs or low or places where the price stalls for more than two times.
Thus, these levels are always watched out for by traders who love to trade with the big placers in the forex market. The Round Levels Indicator displays the four closest levels on the chart to make them easier for traders to see.
The foundation
The Round Levels Indicator places 4 key psychological levels where the price may stall or reverse on the chart. Psychological price levels are drawn on the chart as horizontal colored lines, as shown in the charts below.
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