Horizontal lines at price points ending in "00" | Forex Factory

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Horizontal lines at price points ending in "00"

  • #1
  • First Post: Jun 27, 2008 11:24am Jun 27, 2008 11:24am
Hi:

Could someone point me to an "indicator" that would draw horizontal lines on my price charts at all prices ending in "00"?

Also is there an archive of indicators somewhere?

Thanks,
Barry
  • #2
  • Edited 11:52am Jun 27, 2008 11:39am | Edited 11:52am
Quoting BarryPips
Hi:

Could someone point me to an "indicator" that would draw horizontal lines on my price charts at all prices ending in "00"?

Also is there an archive of indicators somewhere?

Thanks,
Barry
Barry,

Do a search for the term "sweetspots" on this forum.

It's ready made and will give you the "00's" and the "50's"
if you want.

It works very well on the lower TF's but get too busy on
any TF over 1H.

Good luck,

Jim
  • #3
  • Jun 27, 2008 11:44am Jun 27, 2008 11:44am
http://www.forexfactory.com/showthre...ot#post1833357
  • #4
  • Jun 27, 2008 11:59am Jun 27, 2008 11:59am
Excellent, just what I wanted.

Thanks to all and to Forex Factory which is great!

Barry
  • #5
  • Jun 27, 2008 12:26pm Jun 27, 2008 12:26pm
Another term for major price levels (00, 25, 50, 75, etc) is "big figure."

A big figure trade is one which bets that these nice round numbers are places where traders are more likely to enter/exit trades.
Dave
  • #6
  • Last Post: Jun 27, 2008 12:31pm Jun 27, 2008 12:31pm
Quoting BarryPips
Hi:

Could someone point me to an "indicator" that would draw horizontal lines on my price charts at all prices ending in "00"?

Also is there an archive of indicators somewhere?

Thanks,
Barry
Here I set up the inputs so this one does it without modification.
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File Type: mq4 Grid_v1_0.mq4   6 KB | 429 downloads
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