PsyRoundLevel is a custom indicator designed to highlight psychological round price levels on a financial chart.
These levels, such as 50, 100, 1000, and 10000, often act as natural support or resistance zones due to human trading behavior.
This indicator visualizes multiple levels with different levels of transparency to indicate their significance.
Caution
By using this indicator, you acknowledge and agree that you do so at your own risk. The indicator is intended purely for educational and informational purposes.
I, the creator, take no responsibility for any losses or damages (direct, indirect, consequential, or otherwise) that may result from using this indicator in any live trading environment.
- Ensure to test the indicator in a safe and controlled environment before using it in actual trading.
- Always verify the behavior of the indicator with backtesting, paper trading, or in simulation mode.
- This tool does not guarantee profitable trading outcomes and is not a substitute for professional financial advice or risk management strategies.
By continuing to use this tool, you acknowledge that you have read, understood, and agree to these terms.
Once the indicator.zip file is downloaded, open it and extract the
PsyRoundLevel folder.
Move the extracted PsyRoundLevel folder into your Quantower
indicators directory. This is typically located at Quantower/Settings/Indicators/..
After moving the indicator, restart Quantower to apply the changes and add the indicator to your chart.