OPEN-SOURCE SCRIPT
GC 08-02 Zones
GC 08-02 Zones — Gold Futures Round-Level Map
This indicator automatically maps out horizontal reaction zones around gold's round-number price levels — the "xx8 to xx2" bands that often act as short-term support/resistance on GC and MGC futures.
How it works
The script rounds the current price to the nearest $10 level and plots a series of shaded zones above and below it, each spanning from the round number +2 to −2 (e.g. a zone around $3350 would run from 3352 down to 3348). These bands are drawn symmetrically around price and automatically re-center as price moves, so you always have a consistent map of nearby round-number levels without manually drawing lines.
Features
Why round numbers matter
Round price levels tend to attract order flow — stops, limit orders, and psychological decision points cluster around them. Having these zones pre-mapped can help with spotting potential reaction areas, planning entries/exits, or simply keeping round-number context visible without cluttering the chart with manual drawings.
Usage notes
This tool is designed specifically for gold futures (GC/MGC) given their $10 round-level structure. It is a visual reference only and does not generate buy/sell signals — always combine with your own strategy, market structure analysis, and risk management.
This indicator automatically maps out horizontal reaction zones around gold's round-number price levels — the "xx8 to xx2" bands that often act as short-term support/resistance on GC and MGC futures.
How it works
The script rounds the current price to the nearest $10 level and plots a series of shaded zones above and below it, each spanning from the round number +2 to −2 (e.g. a zone around $3350 would run from 3352 down to 3348). These bands are drawn symmetrically around price and automatically re-center as price moves, so you always have a consistent map of nearby round-number levels without manually drawing lines.
Features
- Adjustable number of zones displayed above/below price (1–50)
- Customizable zone fill color, border line color, style (solid/dashed/dotted), and width
- Optional price labels on each zone boundary
- Adjustable right-side offset and left-extension of lines
- Built-in warning label if applied to a symbol other than GC/MGC
Why round numbers matter
Round price levels tend to attract order flow — stops, limit orders, and psychological decision points cluster around them. Having these zones pre-mapped can help with spotting potential reaction areas, planning entries/exits, or simply keeping round-number context visible without cluttering the chart with manual drawings.
Usage notes
This tool is designed specifically for gold futures (GC/MGC) given their $10 round-level structure. It is a visual reference only and does not generate buy/sell signals — always combine with your own strategy, market structure analysis, and risk management.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.