How round levels work in Forex. The round level indicator is an important assistant in trading. Overview of the indicator of round levels Key Levels on Forex

Good day, fellow traders!

Levels in the Forex market play a key role, the price always follows the path of least resistance from level to level, while bouncing, correcting, consolidating or breaking through them.

The topic of levels has been and will be relevant at all times, so in this post New Year's Eve, I decided to provide you with my selection of the best round level indicators, which will help the trader to clearly and visually see important levels on the chart and quickly make trading decisions.

So, let's go directly to a short description of each of them. Here is a list of indicators of round levels, which will be presented below (the link to download them is at the end of the article):

1. Grid Builder
2. Key Levels
3. SweetSpotsMod
4. psycho_levels

1) The first and easiest to use is . It consists of only one "GridSpace" parameter - the interval of price quotes through which the lines on the chart will be drawn. This parameter must be selected for each individually.

A round level is nothing more than a price with a beautiful value in which several digits match, and most often these are zeros and every half a hundred, for example, 1.0000, 1.1000, 1500, 1600, etc. It works for the simple reason that all traders "know about them" and believe that the price will beat them off.

And most of the time, that's exactly what happens. The price really bounces off the round levels, because nothing can influence the quotes as much as the traders themselves. There are many examples in history when people deliberately invented some kind of event (the closure of a large company), started rumors and the shares of companies began to lose billions of dollars.

Many Forex indicators work according to this principle, including Pivot levels and often even Fibonacci levels.

Most often, round levels are used as price reversal points, and from this we can conclude that they can be used as trading targets for take profit and stop loss.

Just take a look at how often the price bounces off the levels (the screenshot uses the Grid Builder indicator from the GridSpace 500 parameters, described below). If applied to these levels even then in fact it turns out to be one of the best and most common trading techniques!

When trading with round levels, keep in mind that the price does not always have to touch point to point of the round level, sometimes it happens that quite a few points are missing and the price flies off.

Also, as you can see from the screenshot above, the price can sometimes break through them, and after that a rollback begins. Therefore advice- open a position only after the reversal has begun.

You can also use these levels as an additional filter; when opening a position, make sure that there is a long distance to the next price level.

GridBuilder Indicator

The indicator marks levels after a given number of points. Very simple and easy to use. An example of trading with this indicator is shown in the screenshot above.

Settings

• GridSpace - the number of points through which to draw the level (in the screenshot above, the value 500 is used, this value is recommended to be used by many traders).

The indicator will display all the most important key price levels, from which a rollback is more likely to occur, mark such price levels as: 0.20,50.80. Very simple and easy to set up.

Settings

• Show_00_50_Levels - true/false - show lines at prices ending in: 00 and 50 (recommended)
• Show_20_80_Levels - true/false - show lines at prices ending in: 20 and 80 (optional)
• Level_00_Color — line color at price 00
• Level_00_Color - line color at price 50
• Level_20_Color — line color at price 20
• Level_80_Color — line color at price 80

Psycho Levels Indicator

This option is perfect for those who want to save space on the chart. Round levels are drawn only on the right side of the chart. The indicator allows you to draw lines at any price set in the settings.

Settings

• ebDrawHorizontalLine - true/false - don't show lines
• eiHorizontalLinePoint1 — first price level
• eiHorizontalLinePoint2 - second price level
• eiHorizontalLinePoint3 - third price level
• eiHorizontalLinePoint4 - fourth price level
• eiHorizontalLinePoint5 - fifth price level

You can leave the number of levels you want, for example eiHorizontalLinePoint1 set to 100, eiHorizontalLinePoint2 set to 50, and 3 to 5 set to 0, in which case lines will be drawn every 500 points. The remaining settings are related to the display of levels (color, width, etc.).

From the article you will learn:

Hello, dear readers and visitors of our site! In this article, we will take a look at indicator of round levels Key levels, and let's talk about the role these levels play in trading.

In general, the levels play a huge role within trading. One way or another, but many traders use them in trading. There are many types of levels ranging from Gann levels to round levels.

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Personally, I believe that, for example, the same levels Fibonacci can play their role as a filter, but not an original tool, and now I will explain why.

Fibo levels are based purely on mathematics, and, as you know, within the framework of the market, psychology works in its purest form. Therefore, in my opinion, the basis of the system can be precisely the classical support and resistance, and not those that build indicators, but those that you will draw yourself.

I believe that round levels in ideology are close to classical support and resistance, because psychological moments are the prerequisite for their formation. For other similar information, see the page

What is it, round levels, or, as they are also called, psychological? In fact, these are price marks, at the end of which there are zeros, and market participants pay special close attention to them. For example, on the Euro-Dollar currency pair, you see that the price touches the 1.1000 mark. In fact, this is a round level from which the price will react.

Yes, it is not a fact that the price will hold it, however, we can say with a very high degree of probability that there will still be a reaction to this zone. Whether it will be a rebound or a full-fledged reversal from this zone, we do not know, but there will be a reaction. What is the reason for such a performance of round levels? I will answer, but first, get acquainted with the method of work in a similar way:.

Everything is hidden within the framework of our psychology. Let's take an everyday example, let's say you went and bought yourself some sneakers for 2945 rubles. If someone asks you, and why did you buy these marvelous sneakers, then with a high degree of probability the amount of 3000 rubles will sound from your lips. What is the reason, it seems, the thing was bought for one amount, but a completely different one is voiced. It will not be superfluous to study in the light of this publication.

This is one of the properties of our brain, it tends to simplify everything. In this case, the person subconsciously tries to round the final amount. I think you have often seen in stores such as the discount “99 rubles for any item”. This has a psychological effect, the thing costs less than the round price, respectively, in the minds of the townsfolk it is still cheap, and there will be demand for it. As soon as the price reaches a clear round value, then there is a certain hype, and at such levels, an active struggle of market participants begins. I continue to draw your attention to trading strategies using horizontal zones. - very good example.

What I want to say is that I would not use round levels as a main tool either. But as an addition, for many traders they are even more priority than the same Fibo levels.

For example, if the round level coincides with the horizontal level you have drawn, then we have a strong zone for opening a deal. Again, it is far from certain that they will match point for point. You must clearly understand that there are certain zones. Drawing levels is not a precise occupation.

Here, for example, many people ask whether it is correct to draw levels by the bodies of candles or their shadows. In fact, both options will be correct, because there are certain supply and demand zones, therefore, when opening deals from levels, you must take into account this error.

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Objectively, supply and demand simply cannot be formed specifically at any one price, they are formed in a certain range of prices, and this should be understood. In fact, even round levels can act as zones from which there will be a rebound or a price reversal, but, nevertheless, I would cooperate with horizontal ones that you will conduct yourself. And - this is a logical continuation of the topic.

Settings

So, finding round levels by yourself is very difficult, but we don’t need it. You just have to install the Key Levels indicator, and it will immediately automatically build round levels on the currency pair.

Watch video review of the indicator

In the settings, you can set the display of levels that end in 00-50 and 80-20. By default, those ending in 00-50 are stronger, since psychologically a greater effect is created when the price goes half way (50) or all the way ( 00). In particular, I recommend that you use such levels on a large interval.

For example, if you use H1 in trading, then I would recommend that you turn off the display of levels 80-20, and leave only 00-50. Otherwise, on such a large interval, you will have a lot of levels, and the chart will look like a vest, and this will only confuse you greatly. But if you trade intraday, for example, on M5, then you can already use the entire range of proposed key horizontal lines.

Here you must clearly understand that the stronger the level, the more likely it is to work. For example, a round level that coincides with the horizontal one you drew, then this zone has more power than just a bare round level.

In addition, you can optionally add other technical analysis tools. For example, traders often like to combine these key horizontal lines with different oscillators. Let's say the price touches a resistance level and the oscillator indicates overbought. In fact, this is a strong signal to open a sell trade.

Again, it is not a fact that this signal will work, however, I personally noticed that when the price touches a very strong level, and there is confirmation from the oscillator, this signal will work in 80% of cases. In general, round levels can become quite good addition to your trading approach, and if you use horizontal levels, then I recommend that you pay attention to round levels for a better assessment of the market situation.

Do you dream of making profitable deals at the very beginning of powerful price movements? Then you should pay attention to the Round Levels indicator, which increases the efficiency of your trading and makes it less risky.

Round price levels in some cases act as a kind of barrier to prices, and can also be in the role of support or resistance, which provides good opportunities for making money in financial markets. Want to know more?

Then click the "study" button right now to go for free step by step guide and learn to find the right entry points.

Hello colleagues. Today we want to talk about such a Forex trader's tool as the round levels indicator for MT4. But to understand how the Forex indicator uses round levels, you need to understand what they are.

Round levels in Forex act as support and resistance levels and look like round numbers. An example of round levels for the EUR/USD pair will be the zones 1.10000, 1.13000, 1.45500, 1.50500. As a rule, rounding occurs to 50 points, this is the average value that the price can pass before the correction starts.. Zones that are multiples of 50 points have a short-term value and are relevant for hourly timeframes. At this time interval, they can show the properties of short-term support and resistance.

Round Forex levels that are multiples of 100 are called figures in the trading community. Such zones, for example, 1.11000 for the EUR/USD pair, can act as a currency pair consolidation zone in the medium and even long term. It is not at all necessary that the price will bounce up to a point from this level, but the fact that the currency pair will try this zone several times from the beginning as support, then as resistance, or vice versa is practically guaranteed.

What is the secret of round levels and why are they so important for traders? Building support and resistance lines is a subjective application of the rules of technical analysis, depending on the trading system, they differ for each Forex trader. Round levels, on the contrary, are the same for everyone, all bidders pay attention to these zones, and therefore, the strength and significance of the figure as a place for a possible correction increases significantly.

The use of a Forex figure as a support and resistance zone is purely a psychological moment. Traders like round numbers, and the more round a number is, the more power and significance it acquires. Suffice it to say that such a round level as 1.00000, aka parity, for the EUR/USD pair will be the strongest and most important resistance zone of all existing ones.

You can independently draw lines denoting figures on the chart, or use the round Forex levels indicator in which they are drawn automatically. Now let's look at the Forex indicator, which uses these values ​​to form trading signals.

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The Round Levels Indicator for MT4 uses certain zones to indicate areas of support and resistance. Important for trading and determining a possible price reversal are not only zone multiples of 50 or 100, which can be considered the main and most significant, as well as zones inside the figure ending in 20 and 80, which we will define as secondary, but also worthy of attention.

The round level indicator is easy to set up. Adjustable parameters concern zones displayed by the indicator. Here you can adjust the color of the lines that show the places you need, as well as remove those levels that you don't need. The indicator has no other settings. You can download the round levels Forex indicator from our website for free and start using it in your own trading system. Using the indicator, from our point of view, is the most convenient. You no longer need to track the passage of the figure, and you will always be aware of the approach of an important resistance zone.

The round level indicator determines zones divisible by 100 as main and the most significant from a psychological point of view, from which a rebound or breakdown is possible. But the price does not always use figures for correction to within a point. To consolidate the breakdown, the indicator of round levels for MT4 uses zones 20 and 80.

Approaching the figure, the value of the currency will not stay exactly at the same level, it will alternately fall lower, then rise above the circle around the round figure. Consider an example. With a bearish trend, on the EUR/USD chart, approaching the figure 1.11000, the price bounced up as part of a correction. In such a situation, the Forex indicator uses round levels to determine the further direction of price movement. If within the correction the price rose above 1.11200, this will be a signal of a weakening of the downtrend line, a return above 1.11500 will indicate a reversal of the short-term trend. If the price stays in the price corridor 1.11200 - 1.10800 for a long time and the transition to a side trend will tell you about the state of short-term uncertainty that has arisen in the market, and the possibility of continuing the existing trend. Breakdown of the level of 1.10800 from top to bottom will mark the breakdown of the resistance zone, and in the future we can expect a retest of the figure as a resistance zone.

Deciding to download the Forex round levels indicator and use it in trading will help you notice reversal or trend continuation patterns that form around psychological support and resistance zones.

Click the button to go through the step-by-step guide to the "Round Forex Levels Indicator" and master the strategy in a few simple steps Explore »

From our point of view, it is better to use the indicator of round levels for MT4 in trading together with pending orders. When approaching an important support or resistance zone, it is necessary to place a pending order in anticipation of a rebound and price correction. Since these levels are used by most traders in technical analysis, you can count on a correction in the currency pair. The order should be placed either at the round level itself, or a couple of points higher. The size of Stop Loss and Take Profit must be set depending on the timeframe being traded. You can learn how to use pending orders in trading from the training materials on our website.

The Forex round levels indicator is used to inform the trader about the approach of key zones, the achievement of which can correct the existing trend. However, with the dominance of a pronounced trend in the market, with the support of the news background, the price is able to move non-stop at round levels.

The significance of round levels is enhanced by options. Looking at the grid of options set for all currency pairs, you will notice that very often the options coincide with round levels. This confirms the importance of these zones. Here, not only psychological factors are intertwined that affect ordinary traders using technical analysis, but also the interests of investment funds, as well as other major players in the market. financial market. Setting options on round numbers is driven by ease of use, as well as the assumption that the pattern will hold rather than be passed by the price.

In this article, we tried to draw your attention to such a trading tool as the round levels indicator. Do not underestimate the importance of the signals given by this indicator. And although it does not draw the place of opening a position, but leaves the right to make a decision on entering the market at the discretion of the trader, this tool should be used to identify possible support and resistance zones, and based on the data received, make a decision to open a deal.

Good afternoon, gentlemen traders! All of you know the importance of price levels, and today we will get acquainted with such a variety of them as round levels. Traders are ordinary people, so they tend to round numbers up or down. We never say that we bought this or that product for 99 rubles, but we always round it up to the nearest round number, in our case - 100 rubles. When we ask the seller to weigh cheese or sweets, we say 300-400 grams, not 370, for example. So in trading, people are used to rounding the price to the nearest integer values. At the same time, round Forex levels, as well as, serve as support or resistance for the price. If, according to your strategy, the take profit should be set around 1.1405, then it would be more logical to place it at the price of 1.1395, since the strong round level 1.1400 stands in the way of the price. But we will talk about the placement and take profits relative to round levels, and also consider the Key Levels indicator of round levels, which you can download at the end of our review.

What are round levels, and what are their varieties?

A round level is a price that has one, two or more zeros at the end. For convenience, we will consider four-digit quotes (or "old points"). If you are trading on , then you need to add one more zero at the end. If we are talking about the level of 1.1400, then for five-digit quotes it will be the price of 1.14000. By importance, the following types of round Forex levels can be distinguished:

1. Important Levels, having two or three zeros at the end of quotes (for example, 1.1000, 1.3600, etc.). These are the strongest levels that you need to pay close attention to while trading, the price bounces from them very often;
2. Intermediate levels ending in 50 (for example, 1.2350, 0.4750, etc.). If the price has broken through such a level, then there is a high probability that it will reach the next round level;
3. Minor levels ending in 20 and 80 (for example, 1.5380, 1.7420, etc.). Breaking through the level ending at 20 is a good signal for buying (or level 80 for selling). If there was a rebound from the level of 80, then we can consider closing purchases.

Round levels work on all assets, including stocks and other trading instruments. However, they can take on a completely different form depending on the value of the assets. So, for Gazprom shares, the value of which fluctuates between 120-160 rubles, the round levels will be the values ​​of 10, 20, 30, etc. 1000 and 500.

Round level strategy

Trading at round levels is no different from trading at other horizontal levels. There are the following round level strategies:

• Trade on ;
• Trade on ;
• Trading on a retest of a broken level.

If the round level is also supported by horizontal levels, then such a signal is very strong. At the same time, it is necessary to understand that a round level is not a line, but a price range between 90 and 10. The picture below shows an example for a purchase.

We see how the price first walked around the round level 0.7000 (green dotted line) for a long time, then broke through it, but rested on the secondary level 0.6980, which did not let it fall. As a result, the price reversed and broke through the level of 0.7020 (red dotted line), which is a buy signal. We open a buy order immediately after the price breaks through the level of 0.7020, while placing a stop loss behind the level of 0.6980. Then the price confidently passed the intermediate round level 0.7050 and reached the secondary level 0.7080. Since the price could not break through it, it was better to close the deal with a small profit.

Consider another example of a purchase. The figure shows how the price decreases and overcomes the round level of 1.0900, and then returns to an important level, breaks it and rolls back again, resulting in a support zone. When the level of 1.0920 is broken, we enter into purchases, set a stop loss at the level of 1.0880, and a take profit just below the level of 1.0980, which is a strong resistance level.

Now consider an example for sale. We see how the price reached the round level 1.0900, and then for some time stomped between the levels 1.0920 and 1.0880. To enter sales, you need to wait until the level of 1.0820 is broken. At the same time, we set the stop loss beyond the level of 1.0920, and the take profit before the level of 1.0720.

Indicator of round levels Key Levels

There is a convenient indicator of round levels for MT4 Key Levels, which automatically draws round Forex levels on the chart. With it, you will not need to manually mark round levels on the chart, the Key Levels indicator will do everything by itself. All that remains for you is to make simple settings for the indicator:

• Show_00_50_Levels – displays round levels on the chart ending in 00 and 50;
• Show_20_80_Levels – displays secondary round levels on the chart ending at 20 and 80;
• Level_00/50/20/80 _Color - using this parameter, you can set your own color for each level.

You cannot turn off any of the levels completely, but you can set the color of the levels to match the background of the chart and they will not be visible.

findings

In conclusion, we can say that round levels are a very powerful tool in the hands of a trader for analyzing and opening deals. They can be used as a standalone Forex trading strategy, especially if you understand the psychology of the market. But it is best to use them in conjunction with horizontal levels to confirm the signal.

Free download round levels indicator