Horizontal lines that are often considered in FX and binary options trading, called ' Round Numbers'.

An Indicator that Automatically Draws Horizontal Lines at Round Numbers

It's something that I often forget to draw. When I realize it, I do draw it, but it's just so bothersome! This time, I created a convenient indicator that completely solves that inconvenience. Anyone who wants to use it can do so for free.Here is a capture of the indicator set on an actual MT4 chart. There is also a customization feature, so you can arrange the appearance to your liking. I will explain the setup method step by step.

Version Information

October 25, 2024: Ver.1.00 released for free

This indicator is distributed for free. There are no distribution conditions, so anyone can download and use it. However, there are sometimes people who sell tools that are distributed for free, so to prevent victims of fraud, I have included the following information.

General

This does not require any changes, so it is fine to leave it as default.

Parameter Input

You can set the lines and buttons. Please use it according to your environment and preferences.

Line Settings

【Round Number Determination Pips】 You can input a value here, so you can set it to your preferred interval besides round numbers. The creation is based on USD/JPY, so by default, 100 is set to 100 Pips (1 yen in foreign exchange). For other products like gold, please adjust the value to ' 1000', depending on the product you want to display.

【Line Color】 You can choose your favorite color from the color palette.

【Line Style】 You can display it in your preferred line style from five different styles.

Button Settings

By clicking the button displayed at the top right of the screen, you can also hide the horizontal lines. By default, the lines are set to be displayed.

When you click, all round number lines will be hidden.

Clicking again will display the lines again.

Color Settings

You can leave this as default, so no changes are necessary.

Display Selection

If there are time frames where you want to display the round number lines and time frames where you do not, please set them here.

An indicator that automatically draws horizontal lines at round numbers.