OPEN-SOURCE SCRIPT
Custom Psych Levels V1.0 Theo Signal
Designed for Index Traders (US30, NAS100, SPX, etc.)
This script is especially effective on indices such as US30, where price reacts strongly to round numbers and psychological zones. By default, levels adapt to index volatility and scale, making them ideal for:
intraday bias
pullback reactions
breakout continuation
mean reversion back to balance
Key Features
Rolling 5-Level Structure: Always centered on current price, no chart clutter.
Market- Aware Magnitude: Automatically adjusts spacing for indices, forex, and crypto.
Higher- Timeframe Anchoring: Optionally anchor levels to 1H, 4H, or Daily closes while trading lower timeframes like 5m.
Session & Daily Resets: Re-anchor levels at New York session open or new trading day.
Center Line Emphasis: Highlight the equilibrium level with custom color, thickness, and style for balance or decision-making.
Clean Professional Display: Only relevant levels near price are shown.
Trading Use Cases
This indicator is best used as a framework, not a signal generator. It excels when combined with:
momentum confirmation
liquidity sweeps
volume expansion
break-and-retest structures
session highs/lows
Traders can use the center line as balance, outer levels as reaction or target zones, and band shifts as confirmation of expanding price acceptance.
This script is especially effective on indices such as US30, where price reacts strongly to round numbers and psychological zones. By default, levels adapt to index volatility and scale, making them ideal for:
intraday bias
pullback reactions
breakout continuation
mean reversion back to balance
Key Features
Rolling 5-Level Structure: Always centered on current price, no chart clutter.
Market- Aware Magnitude: Automatically adjusts spacing for indices, forex, and crypto.
Higher- Timeframe Anchoring: Optionally anchor levels to 1H, 4H, or Daily closes while trading lower timeframes like 5m.
Session & Daily Resets: Re-anchor levels at New York session open or new trading day.
Center Line Emphasis: Highlight the equilibrium level with custom color, thickness, and style for balance or decision-making.
Clean Professional Display: Only relevant levels near price are shown.
Trading Use Cases
This indicator is best used as a framework, not a signal generator. It excels when combined with:
momentum confirmation
liquidity sweeps
volume expansion
break-and-retest structures
session highs/lows
Traders can use the center line as balance, outer levels as reaction or target zones, and band shifts as confirmation of expanding price acceptance.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.