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    cTrader Round Numbers Indicator

    cTrader Psychological Levels & Round Numbers


    Limited Support (Read Me)

    2 review(s) | Add your review
    The cTrader psychological & round numbers indicator creates market price levels which are key levels in Forex expressed as round numbers and these numbers are the support & resistance areas. These areas are where you will find the highest trade activity.
    Type: cTrader Indicator
    Current version: 1.0.0
    Requires: Windows 7, 10, 11
    Updated: Tuesday, 13 April 2021

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    The cTrader Psychological Level indicator provides key levels which usually draw attention to Forex traders in the market, these psychological prices are attached to the human personality and their way of thinking. The ClickAlgo version of the Psychological level indicator also looks at the middle of the levels, known as the fifties.

     

    cTrader Psychological Levels 

     

    How Psychological Levels Work

    Most traders are drawn to whole numbers when placing their stop loss or take profit, this is usually seen as support as resistance levels which are created by many traders Psychological Thinking. These levels can alter order flow and price changes.

     

    Advantages

    The following are the advantages of using this type of indicator.

    • Displays key levels of support & resistance.
    • Easy to use for new traders.
    • It can be used for any symbol and in any market.

     

    Disadvantages

    The following are the disadvantages and limitations using this type of indicator.

    • The levels are never 100% reliable.
    • cannot be used alone, must be used with other technical indicators.

     

    Configurable Parameters Explained

    Your adjustable parameters are shown below with explanations of the less obvious ones. 

    • Set width: The distance the levels numbers are from the current symbol price.
    • Line width: The thickness of the level lines.
    • Display colour: The colour of the lines and numbers, default is for a black background.
    • Fifties colour: - The colour of the centre line and number.
    • Line style: The type of line style to be displayed.
     

    How To Install

    First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.

     

    Join Telegram Community

    You can join a Telegram community and chat with other traders to discuss, share and ask for help.

     
    Indicator TypeSupport & Resistance
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    Copyright © 2023 ClickAlgo Limited is a company registered in England and Wales with (Company No. 13117395) Kemp House 160 City Road, London EC1V 2NX


    Charting indicators & cBots used on this site are for the cTrader Desktop platform in which our tools are built on, and cTrader is a registered trademark of Spotware Ltd

    Trading is risky & most day traders lose money. This site & the products & services ClickAlgo offers are for informational & educational purposes only. All content is to be considered hypothetical, selected after the fact, in order to demonstrate our product and should not be construed as financial advice. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results.


    Hypothetical or Simulated performance results have certain limitations, unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.

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