OPEN-SOURCE SCRIPT
Round Number Nearest Level
Round Number Nearest Level is a simple visual reminder of the round-number price level nearest to the current market price.
During fast-moving trading sessions, it is easy to focus on entries, exits, volume, and momentum while overlooking an approaching round number. This can be especially challenging for newer traders. Round-number prices often attract attention and may act as potential support, resistance, targets, or areas of increased activity.
The indicator keeps the chart uncluttered by displaying only the nearest level. As the price moves, the plotted line automatically steps to the next closest round number.
HOW IT WORKS
Automatic mode selects the interval based on the current price:
• Below $5: nearest $0.50 level
• $5 and above: nearest $1.00 level
Custom mode allows you to define your own multiplier. For example, a multiplier of 5 plots the nearest $5 level, while a multiplier of 0.25 plots the nearest quarter-dollar level.
The level is displayed as an orange stepped line directly on the price chart.
This indicator is intended as a situational-awareness aid. Round-number levels are reference points, not guaranteed support or resistance, and should be considered alongside price action, volume, risk management, and your broader trading plan.
During fast-moving trading sessions, it is easy to focus on entries, exits, volume, and momentum while overlooking an approaching round number. This can be especially challenging for newer traders. Round-number prices often attract attention and may act as potential support, resistance, targets, or areas of increased activity.
The indicator keeps the chart uncluttered by displaying only the nearest level. As the price moves, the plotted line automatically steps to the next closest round number.
HOW IT WORKS
Automatic mode selects the interval based on the current price:
• Below $5: nearest $0.50 level
• $5 and above: nearest $1.00 level
Custom mode allows you to define your own multiplier. For example, a multiplier of 5 plots the nearest $5 level, while a multiplier of 0.25 plots the nearest quarter-dollar level.
The level is displayed as an orange stepped line directly on the price chart.
This indicator is intended as a situational-awareness aid. Round-number levels are reference points, not guaranteed support or resistance, and should be considered alongside price action, volume, risk management, and your broader trading plan.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.