OPEN-SOURCE SCRIPT
Psych Levels [SkaleHub]
Overview
Markets notoriously react to whole, round numbers. This indicator automatically plots subtle background lines at these psychological grid points to highlight the invisible structural walls of the market.
The Edge
It highlights the exact areas where retail traders typically place their stop-losses and take-profit orders, and where price action frequently stalls out or reverses due to heavy institutional option clustering.
Key Features:
Algorithmic Grid: Automatically calculates and draws horizontal lines at round psychological intervals around the current active price.
Universal Asset Scaling: Fully customizable interval spacing so the tool works perfectly on anything from Bitcoin (1000s) to traditional Stocks (10s) to Forex (0.01s).
Uncluttered Interface: Uses subtle, non-intrusive dotted lines that fade smoothly into the background until the price directly interacts with them.
How to Use
Apply the indicator to your chart.
Adjust the "Grid Interval" in the settings to match the asset you are trading (e.g., set to 10 for a $150 stock, or 0.01 for a forex pair).
Watch for price action to stall, consolidate, or aggressively reject when it hits these lines. Use them as logical, high-probability take-profit targets for your existing trades.
Author's Note
This indicator is part of the SkaleHub Free Starter Library. It is designed to be paired with the SkaleHub Training System to help newer traders build mechanical discipline and systemize their trading process.
Markets notoriously react to whole, round numbers. This indicator automatically plots subtle background lines at these psychological grid points to highlight the invisible structural walls of the market.
The Edge
It highlights the exact areas where retail traders typically place their stop-losses and take-profit orders, and where price action frequently stalls out or reverses due to heavy institutional option clustering.
Key Features:
Algorithmic Grid: Automatically calculates and draws horizontal lines at round psychological intervals around the current active price.
Universal Asset Scaling: Fully customizable interval spacing so the tool works perfectly on anything from Bitcoin (1000s) to traditional Stocks (10s) to Forex (0.01s).
Uncluttered Interface: Uses subtle, non-intrusive dotted lines that fade smoothly into the background until the price directly interacts with them.
How to Use
Apply the indicator to your chart.
Adjust the "Grid Interval" in the settings to match the asset you are trading (e.g., set to 10 for a $150 stock, or 0.01 for a forex pair).
Watch for price action to stall, consolidate, or aggressively reject when it hits these lines. Use them as logical, high-probability take-profit targets for your existing trades.
Author's Note
This indicator is part of the SkaleHub Free Starter Library. It is designed to be paired with the SkaleHub Training System to help newer traders build mechanical discipline and systemize their trading process.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
Beau Green
Founder of SkaleHub
Founder of SkaleHub
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
Beau Green
Founder of SkaleHub
Founder of SkaleHub
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。