Sweet Spots Indicator not working with decimal pricing

As posted elsewhere.....

GM - my broker has just updated their MT4 and changed from integers to 2 decimal places - they tell me that this is in preparation for changing their prices to make "trading better for me / us" !! Trading Dow priced in 1/10 or 1/100 of a point......who needs that??

However, as I'm used to MT4 charting, I'll stay with it for now and need to know if anyone knows how to set the Sweet Spots indicator to work with these new prices - all I can get is all of the lines bunched together .

I'm using SDX-SweetSpots_v5.2 - there are others, but this is IMO the best

Thanks

Islander
Attached File
http://assets.forexfactory.net/images/attach/ex4.gif SDX-SweetSpots_v5.2.ex4 8 KB | 10 downloads

I see 10 people have downloaded the indicator - any ideas guys??

Nope, this SDX thing never worked with decimals.. That's why I don't use it. It would be a posibillity to change the code. Tried with 5.2 BN version. But too many errors was there... I'm not coder but I'm sure somebody competent would do it.

Now works

Hi poruchik..
What is this.. Sdx sweetspots..please explain..
Your last update for zup indi wass awesome..

Strategy of round levels on Forex
The technical analysis allows the trader to predict the further movement of the price by means of such tools as – levels of support and resistance, moving averages, Fibonacci and other tools. Rather specific tool of the technical analysis are round levels which cause huge interest in traders. In this article the speech how to use round levels in the trade on Forex will go.
What is the round levels?
In everyday life we face round levels, or better to say numbers, every day. As you usually round the price 9.75 to 10, and round level on Forex, most likely stop лоссы traders will be about round numbers. Why so occurs? Most of traders make decisions at the round levels:
"As soon as the price will reach level 4.200 I will close the transaction".
"When the price will punch level 3.500, I will buy".
What does it mean for us for traders and how we can use it in own favor? First, it means that round levels special. If you open the schedule on any currency pair, an action or the future, you will see that the price very closely interacts with these levels every day.
It is connected with psychology of people, they are attracted usually by round levels, therefore you as the trader, have to remember it to make the right decision.
Usually those who trade in the market Forex, look for signals a price an action at the round levels. The more you trade, the more you are convinced that round levels play an important role in structure and behavior of the price.
Types of round levels:
Parity levels
It is the strongest type of round levels. These are such levels, such as 1.0000, months before bulls or bears as a result win can leave.
Thousand levels
It too very strong levels of support and resistance. These are such levels, such as 1.4000, and similar.
Centesimal levels
These are such levels as 1.2400, there is a lot of them in the market and they are important for concrete session.
How to use round levels in trade on Forex?
Round levels it is psychological levels of support and resistance and therefore they are so important. For example, if the currency pair of EUR/USD goes up and reaches level 1.5000, you will see immediate strong bear reaction because most of traders will consider that the price won't be able to go above this mark and will start closing transactions on purchase as will be afraid to lose a profit. Plus, many traders who had no positions in the market, knowing feature of the price to roll away from round levels, will open positions for sale that will add pressure to bears.

It is possible to use round levels as addition to the strategy, that is not to open a position if round level close and the price can rest against it. Or on the contrary, if your strategy gives a signal and it from round level, you will know that you have even more chances of success. And it is possible to trade only from round levels. Use psychological levels 00 and 50 as independent strategy. It is strategy for short-term schedules, such as 15 minutes or 5 minutes. Every time when you see that the price goes to round level up, you can sell and put small stop behind level. Teyk profit too the small. Of course, one thousand points of profit to you won't be brought by this method, but it is excellent skalpingovy strategy which will always work.

Hi poruchik - apologies for the delay in replying due to being in bed with a nasty bug. Thanks for your input, I'm downloading right now

PS Great second post too

Whilst I too can get your indicators working on NZD/JPY and similar charts where prices only have 2 integers, would you please check on charts of the Dax / Dow which have 4 / 5 integers and post the settings needed for these charts Thanks

This version works on Dax and Dow, but is missing the values in the right side margin.....

You ever sort this? After todays Dow action I can see benefits of being able yo differentiate ~75s, ~50s, ~00s etc.

try this one. work in my mt4 2016

Thanks, but I'm looking for a version that shows the price levels as well - just as the SDX version did before brokers decided that we need decimal pricing on Dax and Dow......

I tried, it works but im looking for ways to only include "text" on certain line only. Not all. Do you have ways to do this by editting the script?

Hello guys, could someone please modify Sweet Spot indicator so that:

1. the indicator horizontal lines are not used(visible) on the chart.
2. the prices (price tags) of the sweet spot levels display in the chart Scale (on the right vertical of the chart)

Reason being that the lines clutter the space on the chart.

Thank you very much in advance. Jan