OPEN-SOURCE SCRIPT
Continuous Round Number Levels
What the Indicator Does:
This indicator draws red horizontal lines on the chart at every round price level – that is, prices ending with 00, 000, or other round numbers according to the roundStep setting.
How It Works:
The indicator checks the visible price range on the chart, based on the number of bars defined (lookbackBars).
It calculates the nearest round price levels within this range – both the lowest and highest visible prices.
For each round level within the range, it creates a red horizontal line that extends both forward and backward across the chart (extend.both).
The lines update automatically when you scroll the chart or when the market price changes, so you always see the relevant round levels.
Benefits:
Provides a clear visual of round number levels, which often act as natural support or resistance zones in trading.
Lines are visible across the entire chart, making it easy to see where price may pause or reverse.
Adjustable for different assets by changing the roundStep.
Real-time updating ensures the lines always match the visible price range.
In short, this indicator makes it easy to identify natural support and resistance levels visually, with continuous lines across the chart, helping you make more precise trading decisions.
If you like, Your Majesty, I can also create an advanced version with Decision Zones around each round level, so you have safe entry zones for trades rather than just a single line.
Do you want me to do that?
This indicator draws red horizontal lines on the chart at every round price level – that is, prices ending with 00, 000, or other round numbers according to the roundStep setting.
How It Works:
The indicator checks the visible price range on the chart, based on the number of bars defined (lookbackBars).
It calculates the nearest round price levels within this range – both the lowest and highest visible prices.
For each round level within the range, it creates a red horizontal line that extends both forward and backward across the chart (extend.both).
The lines update automatically when you scroll the chart or when the market price changes, so you always see the relevant round levels.
Benefits:
Provides a clear visual of round number levels, which often act as natural support or resistance zones in trading.
Lines are visible across the entire chart, making it easy to see where price may pause or reverse.
Adjustable for different assets by changing the roundStep.
Real-time updating ensures the lines always match the visible price range.
In short, this indicator makes it easy to identify natural support and resistance levels visually, with continuous lines across the chart, helping you make more precise trading decisions.
If you like, Your Majesty, I can also create an advanced version with Decision Zones around each round level, so you have safe entry zones for trades rather than just a single line.
Do you want me to do that?
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.