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.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
Beau Green
Founder of SkaleHub
Founder of SkaleHub
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
Beau Green
Founder of SkaleHub
Founder of SkaleHub
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.