Round numbers are price levels where the price ends with a round number. E.g. price level 15000 or price level 5000. These big round-number price levels are very important price levels in the market. Everyone major player in the market will be watching these important price levels. Since so many traders are watching these price levels we often see a nice reaction when the market (re)tests these price levels.
For example last week the NQ reached the 15000 price level, and as you can see in the following screenshot we saw a strong reaction from it. This behavior where price bounces of these major price levels can be seen time and time again
The round numbers indicator makes sure you never miss any of these important price levels. It will draw up the horizontal lines on your chart at the levels you want and in the color/styling, you like. It can even alert you when the price is hitting one of the price levels.
It allows you to specify up to 4 different levels. E.g. it can draw horizontal lines when price hits the 50s, 100s, 500s, and 1000s price levels. Each level can have its own alert and color styling
02. Display Up to 4 different levels
You can choose to display up to 4 different levels. Each level has its own step size in ticks. In the example below, you can see that the indicator will show a horizontal line every 400 ticks and every 4000 ticks. On ES (where 4 ticks = 1 point) this would mean that the indicator will draw a line for every 100 and 1000 price levels
If you would like to do the same on YM, then you would need to set the levels to 100 and 1000 Ticks settings.
(Reason for this is that on YM 1 tick equals 1 point, while on ES 4 ticks equals 1 point)
03. Color styling
Each level can have its own color styling. For example, you could make the 1000 price levels more pronounced than the 100s levels
Each level can have its own alert and sound. You simply enable the alerts for the levels you would like to receive and select the sound files which should be played. The indicator will fire the alert in real-time when the price reaches one of those levels.
Note that the indicator will only fire the alert 1x per bar.
- Displays horizontal lines at important round numbers
- Allows up to 4 user-defined levels (in ticks) (e.g. when price hits the 50s, 100s, 500s, and 1000 price levels)
- Allows different color styling for all 4 different levels
- Optionally show price left/right or not
- Supports Alerts for all 4 custom levels
- Works on any market
- Works on any timeframe
- Works on any bar type
- Works on any NinjaTrader version
- First released
All our indicators and packages come with
- a one-time fee only
- lifetime license for 1 pc (we offer 20% discount for 2nd licenses)
- includes free future updates
We also offer a 100% free 5-day trial of all our indicators allowing you to test our software before you decide to invest in it. Since you are able to test all our software before buying it all sales are final and non-refundable!