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Forex Indicator “KeyLevels”

Circular levels are acute psychological levels, ending in two zeros in the case of a four-point quotation after the comma (for the pair of the Japanese yen it should end of a two-digit quotation) or in three zeroes in the case of the five-digit (for the JPY it should be three-digit). The quotation for the EURUSD pair will be following levels: 1.3500; 1.3600; 1.3700, etc., and for the pair EURJPY it will be 138.00; 139.00; 140.00, etc.

To display the circular levels on the chart with the price the Key Levels indicator will suit the best. The main purpose of the indicator is the allocation of levels, ending in 00, 20, 50 and 80.

The shown levels are split into 2 groups in the settings of the indicator: 00/50 and 20/80. There is a possibility to disable any of them.

If you need only one level of a particular group (for example, 00 of the group 00/50), the color of the second can be made as the color of the background and then it will not be visible visually.

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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