The indicator plots the so called "round price levels" or "00" levels, which end on 00 and 50: for example, 1.4000, 1.4400, 1.4450. It automatically calculates the levels for based on your charts time frame. Alternatively you can manually select main level size (in pips) and/or the number of sub-levels (0, 1, 2, 3, 9). Generally speaking, the program tries to keep to 3 Digit "00" rounding for currencies and non-stocks, and 2 Digit "00" rounding for Stocks.
Use this indicator as a guidance to a better mapping of levels on the chart. Next time you draw lines, if they coincide with round price levels, especially "00", you have got a excellent to work with!
- Changed Sublevel input to an options list of specific numbers (0,1,3,4,9).
- Minor adjustment to automatic default sublevels.
- Removed Limit restrictions for major Levels.
- Added implied copyright notice.