Institutional price levels (AKA round numbers, Perfect Price Levels-PPL) Institutional Price Levels (IPL) script shows the closest round numbers from the current price. Some traders uses round numbers as a support resistance levels. For example: 0.000 0.500 1.000 levels. Additional levels are 0.200 0.800. So I made a simple script that shows round numbers and...
Psychological Price Levels for JPY Pairs (Price Action Institutional Levels 1, 0.200, 0.500, 0.800, 1) Applicable for forex Yen Pairs. Levels are configurable for color, style. Comments, Suggestions and Feedback are appreciated.
Settings Inputs for Lines 1. Last Price - Price follows the candle. Bullish candle - price level green, Bearish candle - price level red 2. Daily Open - Today's Daily Open line. Price above Daily open line - color green, Price below Daily open line - color red 3. Previous High Low/b] - Shows Yesterday's High Low lines. (PH - Previous High, PL -...