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.
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
Beau Green
Founder of SkaleHub
Founder of SkaleHub
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
Beau Green
Founder of SkaleHub
Founder of SkaleHub
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。