MT4 Round Number Indicator | Forex Factory

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MT4 Round Number Indicator

  • #1
  • First Post: Edited Nov 27, 2012 12:07pm Oct 11, 2012 5:15am | Edited Nov 27, 2012 12:07pm
I've written another basic indicator.
It's drawing horizontal lines indicating round price levels.

Options/Input

 

  1. LineSpace (Space between the lines, 1 unit = 0.01 of basic value)
  2. LineColor (Color of the Lines)
  3. LineStyle (0=Solid,1=Dash,2=Dot,3=DashDot,4=DashDotDot)
  4. LineText (Text shown inside the line name)

Feel free to share and/or modify (there's no copyright).

Attached Images
Attached File(s)
File Type: mq4 RoundNrMulti.mq4   4 KB | 30,233 downloads
File Type: mq4 RoundNr.mq4   2 KB | 42,931 downloads | Uploaded Nov 27, 2012 12:06pm
  • #2
  • Oct 11, 2012 5:45am Oct 11, 2012 5:45am
This great.
As I have seen the Indi shows only the 50 -value.
Is it possible to have multiple Round-Numbers as an Option with different colors?
For example I think of the 20-value and some others here.
Thanks for an info.
Greeds Zack
  • #3
  • Oct 11, 2012 8:40am Oct 11, 2012 8:40am
Quoting zackery
Is it possible to have multiple Round-Numbers as an Option with different colors?
I've written a second version of the indicator with up to 3 possible line spacings with lines in different colors. Adding it to the intro posting now. Enjoy.
  • #4
  • Oct 11, 2012 5:12pm Oct 11, 2012 5:12pm
Thanks for that .
All the best and green pips to you.
Greeds Zack
  • #5
  • Edited Oct 12, 2012 12:19am Oct 11, 2012 11:41pm | Edited Oct 12, 2012 12:19am
Good trading to you.

Note on the usage of RoundNrMulti

The color of Line3 is dominant to Line2 is dominant to Line1.

If you want the higher space lines to be shown in dominant color, simply assign the lowest value to Line1Space, the in-between value to Line2Space and the highest value to Line3Space.

If you only want 2 LineSpaces to be shown, set Line1Color to None. And for 1 LineSpace it's Line1Color None and Line2Color None.

Recommendation for choosing a LineSpace Value

To mark the most watched price levels, choose your LinceSpace, so it meets the following equation: 100/LineSpace = RoundNumber

Examples: 1,2,5,10,20,25,50,100 and 10-multiples of that numbers (if you want to go higher)
  • #6
  • Nov 22, 2012 4:15am Nov 22, 2012 4:15am
Great indicator. Just one request.

Can the round numbers be fixed to their location. IE - If you accidentally drag the line away from the round number can it automatically go back to the round number?

Also would be great if you can fix round numbers per time frame. So you don't have so many lines on the higher time frame charts for example.

Cheers!
  • #7
  • Edited 4:39pm Nov 22, 2012 4:20pm | Edited 4:39pm
Quoting C-12
Can the round numbers be fixed to their location. IE - If you accidentally drag the line away from the round number can it automatically go back to the round number?
It's correcting the lines each tick now.

Quoting C-12
Also would be great if you can fix round numbers per time frame. So you don't have so many lines on the higher time frame charts for example.
The indicator automatically reinitiates itself once the timeframe is changed.
I've made some minor logic changes, that may have been the reason for the problem.

You also can change the LineSpace while the indicator is running now.
The new version of RoundNr.mq4 is attached to the intro posting.
  • #8
  • Nov 25, 2012 10:13am Nov 25, 2012 10:13am
Quoting Totoro
It's correcting the lines each tick now.


The indicator automatically reinitiates itself once the timeframe is changed.
I've made some minor logic changes, that may have been the reason for the problem.

You also can change the LineSpace while the indicator is running now.
The new version of RoundNr.mq4 is attached to the intro posting.
Awesome stuff. Great work.
  • #9
  • Nov 27, 2012 1:36am Nov 27, 2012 1:36am
Can this do fractions of Round numbers? Say every 20 pips?

thanks, great indicator BTW
  • #10
  • Edited 12:10pm Nov 27, 2012 11:57am | Edited 12:10pm
Quoting Brightredmeg
Can this do fractions of Round numbers? Say every 20 pips?
I've made LineSpace a double, so 0.1 ^= 0.0010 and 0.01 ^= 0.0001 and did some minor logic changes.
New Version attached to the intro posting: RoundNr.mq4

Note: RoundNrMulti.mq4 still is the old version, without linecorrection, double type LineSpace and logic improvements
  • #11
  • Nov 28, 2012 2:22pm Nov 28, 2012 2:22pm
Brilliant thanks

Quoting Totoro
I've made LineSpace a double, so 0.1 ^= 0.0010 and 0.01 ^= 0.0001 and did some minor logic changes.
New Version attached to the intro posting: RoundNr.mq4

Note: RoundNrMulti.mq4 still is the old version, without linecorrection, double type LineSpace and logic improvements
  • #12
  • Nov 28, 2012 2:41pm Nov 28, 2012 2:41pm
Yeeey, thanks a lot !!

I will not have to manually do them again. Gets a bit boring.
  • #13
  • Nov 28, 2012 3:00pm Nov 28, 2012 3:00pm
tested it and looks great ! Can I suggest enhancement to add Start point.

So one can display large round numbers 1.0000,1.0500, 1.1000 etc only.

Great stuff
  • #14
  • Dec 2, 2012 4:45am Dec 2, 2012 4:45am
Quoting macroman
Can I suggest enhancement to add Start point.
So one can display large round numbers 1.0000,1.0500, 1.1000 etc only.
I don't understand (.00 , .05 , .10 and so on are a LineSpace of 5.0).
The indicator is drawing lines between 80% of the minimumQuote and 110% of the maximumQuote and starts counting at 0.
  • #15
  • Jan 15, 2013 9:36am Jan 15, 2013 9:36am
nice indicator totoro,
in the Round Number indicator, is it possible to reduce the space between the lines to 1 unit = 0.001 of basic value -instead of 0.01?
Many thanks
  • #16
  • Sep 1, 2013 12:57pm Sep 1, 2013 12:57pm
totoro please how can download the indi?
  • #17
  • Sep 6, 2013 7:18pm Sep 6, 2013 7:18pm
Totoro,
thank you for indicator, it is big help ! I will share links to your post on my blog

http://forexscalping101.blogspot.com...by-totoro.html
  • #18
  • Sep 8, 2013 5:26am Sep 8, 2013 5:26am
Totoro,

the lines have to be drawn only once upon initialization.
As I understand it, your indicator unnecessarily responds to every tick.
Would it not be better to wrap the code entirely within the init section, or make a script instead of an indicator?

Sven
  • #19
  • Oct 25, 2013 7:38am Oct 25, 2013 7:38am
Quoting Totoro
I've written another basic indicator. It's drawing horizontal lines indicating round price levels. Options/Input LineSpace (Space between the lines, 1 unit = 0.01 of basic value) LineColor (Color of the Lines) LineStyle (0=Solid,1=Dash,2=Dot,3=DashDot,4=DashDotDot) LineText (Text shown inside the line name) Feel free to share and/or modify (there's no copyright). {image} {file} {file} {image}
Hi Tortoro,
Many thanks for this useful indicator.However i want to change a little bit it for visual trading.Can it possible to fill background color every 100 pips price level for example E/U 1.3600,1.3700.1.3800 etc more than one color? Please see attachment.

If you help me i shall be ever grateful to u.
Happy trading all.
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: New Picture (9).jpg Size: 99 KB
  • #20
  • Oct 29, 2013 7:48pm Oct 29, 2013 7:48pm
Hi Ariful Mamun.

Quoting Ariful Mamun
{quote}.Can it possible to fill background color every 100 pips price level for example E/U 1.3600,1.3700.1.3800 etc more than one color? {image}
Yes, it's possible.

Enclosed indicator was written by luktom.
I have added a few lines.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: zz.png Size: 36 KB

Attached File(s)
File Type: mq4 luktom round levels custom..mq4   3 KB | 4,524 downloads
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