The indicator builds "psychological levels": levels of round numbers and intermediate levels of round numbers.
Round numbers play an important role in forming support and resistance levels. There is a pattern in which the decline or growth of the price can stop at round numbers.
The level whose price ends at 0 is the level of a round number of the first order.
Intermediate level, this is the level between two round levels, for example, between 10 and 20 this is level 15.
In the "
Num_Zeros
" setting, you can choose how many zeros to display the levels with.
There is a "text button" on the screen for quick adjustment of levels.
This button allows you to change the number of zeros in the levels, hide / show intermediate levels.
The indicator does not redraw
.
In the indicator settings, you can change the color, type, and thickness of the line separately for round levels and separately for intermediate levels.