Customizable Psychological Levels

23 Nov

The Customizable Psychological Levels indicator is designed to simplify the process of marking psychological levels on your chart without the need to manually add lines. Psychological levels are critical price zones where market participants often make decisions, such as round numbers or price levels that align with key technical analysis thresholds.

This indicator offers a fully automated way to plot these levels, with customizable options for intervals, colors, line thickness, and styles. Traders can focus more on their analysis and decision-making while relying on this tool to display consistent and accurate psychological levels across different timeframes.

Key Features:
Automated Level Drawing:

Major, intermediate, and minor levels are plotted automatically based on user-defined intervals.
No need to draw lines manually, saving time and ensuring precision.
Customizable Settings:

Choose intervals for each level type (major, intermediate, minor).
Select unique colors, line thickness, and styles (solid, dashed, or dotted) to distinguish levels visually.
Non-Overlapping Levels:

Includes an option to prevent overlapping levels, ensuring a clean and organized chart.
Dynamic or Fixed Levels:

Levels adjust dynamically to the chart’s price range, making them suitable for various instruments and timeframes.
Benefits:
Enhances productivity by automating the process of marking psychological levels.
Offers a highly customizable and visually appealing solution for traders who rely on psychological levels in their trading strategies.
Helps traders quickly identify critical price zones and make informed decisions.
This tool is perfect for both beginner and experienced traders who want to streamline their workflow while maintaining a professional and systematic approach to technical analysis.