As the name suggests, the indicator shows psychological price levels.

Considering psychological price levels is an important part of Forex trading, since it is necessary to keep an eye on price behavior when it approaches such a level. However, plotting these levels on a chart is tedious and time-consuming. The indicator simplifies this task by plotting psychological levels on its own.

Settings

• Show 00_50 Levels – enable/disable the levels 00 and 50
• Show 20_80 Levels – enable/disable the levels 20 and 80
• Level 00 Color, Level 50 Color, Level 20 Color, Level 80 Color – change level colors