Download the FREE MT4 Round Numbers Indicator and easily create a grid of psychological levels in the Metatrader Chart.
What Is Round Numbers Indicator
Round Numbers Indicator for MT4 is an indicator for Metatrader that allows you to quickly create a grid of important psychological levels directly on chart.
Round numbers are levels that usually traders and humans in general consider “important”.
If you think about those round numbers with many zeros, those are normally considered differently from other random numbers.
This is just how the human brain perceives them.
Because of this “perception”, these levels often trigger interesting price action, usually in the form of support, resistance, reversal, breakout.
You can find more about round numbers in this article.
How Does Round Numbers Indicator Work?
Round Numbers for MT4 is an indicator that you can quickly load on chart.
Once loaded, the indicator shows a small panel with only two buttons.
You can create the grid of round levels or remove it from the chart very quickly.
MT4 Round Numbers Indicator Parameters
In the parameters of the MT4 Round Numbers Indicator you can set:
- The GAP between levels, which is also which “round” levels you want to draw
- How many levels to draw
- The style of the lines forming the grid
The indicator is designed to be easy to use.
MT4 Round Numbers Indicator Installation
To install the Round Numbers Indicator:
- Download the indicator file
- Open Metatrader
- In Metatrader go in File > Open Data Folder
- Open the MQL4 folder in MT4 or MQL5 folder in MT5
- Copy the indicator file in the Indicators Folder
- Restart Metatrader, or right click the folder containing the tool in Metatrader and select “Refresh”
- Drag the tool into the chart where you want to load it
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