OPEN-SOURCE SCRIPT
已更新

GM Institutional Levels

2 607
GM Institutional Levels is a clean price-level indicator designed to highlight important psychological market levels where price may react, pause, reject or break through.

The indicator was originally built from my round-number logic on USDNOK and later adapted for Gold and other markets.

It separates levels into:

Minor Institutional Levels
Major Institutional Levels

For Gold, the default structure uses:

$50 Minor Institutional Levels
$100 Major Institutional Levels

The indicator also includes presets for Gold, Forex, Indices, Crypto and Custom markets, together with price labels, a dashboard and optional alerts when price approaches or crosses an important level.

These levels are not automatic buy or sell signals. They are intended as areas to watch for confirmation from price action, market structure, FVG/IFVG, divergence and other forms of confluence.

Main Features:

• Minor and Major Institutional Levels
• Gold, Forex, Index and Crypto presets
• Custom level spacing
• Full-chart horizontal levels
• Price labels
• Nearest-level dashboard
• Proximity alerts
• Cross alerts
• Clean and simple chart layout

The goal of GM Institutional Levels is to keep the chart simple and focus attention on important psychological price areas.

Trade the level.
Wait for confirmation.
Execute the setup.
發行說明
GM Institutional Levels — v2.1 Update

This update adds more flexibility for scalping while keeping the original major levels and clean chart layout.

What’s new:

• Optional 10 and 25 level groups for finer price-level mapping.
• A new 1000 Macro level group for broader market context.
• Separate alert switches for all five level groups.
• Alerts for proximity, wick touches, and confirmed closes above or below a level.
• Automatic colors for light and dark chart backgrounds.
• Improved label contrast, with optional hiding of scalp labels.
• Updated dashboard showing each group’s spacing and nearest level.

Gold, Forex, Index, Crypto and Custom presets remain available. Level spacing follows the selected preset: group names such as “10” and “1000” do not represent the same price distance across every market. Custom mode lets you adjust all five spacings.

Levels automatically recenter around the current price. Overlapping levels display the higher-priority group to keep the chart clean.

To use alerts, enable the desired level groups and event types in the settings, then create a TradingView alert. Select “Any alert() function call” for combined alerts with level prices, or choose an individual condition. Existing alerts must be recreated to use this update.

Light and dark layouts have been checked on Gold, and an alert has been confirmed working. Feedback from other markets is welcome. If you encounter an issue, please include the symbol, timeframe, preset and a screenshot.

Thank you for your support and feedback!

These levels are reference areas, not automatic buy or sell signals.

Trade the level. Wait for confirmation. Execute the setup.
發行說明
GM Institutional Levels v2.2 – Multi Market

GM Institutional Levels is a multi-market round-number indicator designed to display structured psychological and institutional price levels directly on the chart.

The indicator supports:

• Gold
• Forex
• Indices
• Cryptocurrency
• Norwegian and US stocks
• Custom instruments and manually selected spacing

The dedicated Stocks preset uses the following price intervals:

• 1 – Scalp level
• 2.5 – Intermediate level
• 5 – Minor level
• 10 – Major level
• 100 – Macro level

The original Gold and Index structure uses:

• 10 – Scalp level
• 25 – Intermediate level
• 50 – Minor level
• 100 – Major level
• 1000 – Macro level

Levels are automatically aligned with the symbol’s minimum tick size. This allows the same indicator to work across markets with different pricing structures.

Features:

• Five configurable level groups
• Gold, Forex, Index, Crypto and Stocks presets
• Fully customizable spacing
• Automatic dark and light chart themes
• Manual color selection
• Price labels on every enabled level
• Dashboard showing spacing and nearest level
• Adjustable number of levels above and below the current price
• Duplicate levels are automatically removed
• Near-level alerts
• Wick-touch alerts
• Confirmed close-above and close-below alerts
• Combined live alert messages containing the actual level price

Suggested workflow:

Use the higher levels to identify important support, resistance, liquidity targets and potential market magnets. Use the smaller levels for intraday structure, confirmation and precise entries.

My preferred workflow is:

• 15-minute chart for structure and support/resistance
• 5-minute chart for confirmation
• 1-minute chart for entry

The indicator can also be combined with trendlines, market structure, liquidity sweeps, break-and-retest setups and candle confirmation.

Important:

These levels are price references, not automatic buy or sell signals. Wait for price action and confirmation before making a trading decision.

Version 2.2 update:

• Added a dedicated Stocks preset
• Tested on Norwegian and US stocks
• Added stock-specific spacing at 1, 2.5, 5, 10 and 100
• Improved labels and dashboard names for stocks
• Preserved the original Gold, Forex, Index and Crypto presets
• Corrected multi-value alert calculations

Created by Simple Levels / Gauder84.
發行說明
Update v2.6 — Automatic Market Detection & Flexible Custom Levels

• Added “Auto - All Markets”: automatically selects level spacing using the instrument type and price.
• Improved support for low-priced stocks, including decimal levels such as 0.11, 0.12 and 0.13.
• USD gold retains the familiar 10 / 25 / 50 / 100 / 1000 spacing.
• Custom mode lets you choose your own spacing for all five groups: Scalp, Intermediate, Minor, Major and Macro.
• Clearer settings, labels and dashboard information show the actual spacing being used.
• Automatic spacing uses the previous completed candle to remain stable during the current candle.
• Grid changes are prevented from triggering false level-crossing alerts.

Select “Auto - All Markets” for automatic spacing, or “Custom” to explore your own levels. Unrecognized instruments use price-based spacing and can be adjusted manually.

This indicator displays round-number price grids, not buy or sell signals.

Thank you for your feedback and support!

免責聲明

這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。