Description
This indicator displays round numbers for any chart.
Round Levels, also known as Psychological levels, are key levels where price may act as support or resistance.
Parameters:
- Colour - The colour of each level, as a string.
- Opacity (%) - The opacity of each level as a percentage, between 0 and 100, where 0 is fully transparent and 100 is fully opaque.
- Thickness - The thickness of each level.
- Maximum Levels - The maximum number of levels on either side of the starting level.
- Step Value (pips) - The distance between each level, in pips.
using cAlgo.API;
using System;
namespace cAlgo.Indicators
{
[Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
public class RoundLevels2 : Indicator
{
#region Parameters
[Parameter(name: "Colour", DefaultValue = "Gray", Group = "Line Properties")]
public string Colour { get; set; }
[Parameter(name: "Maximum Levels", DefaultValue = 10, Group = "Levels")]
public int MaxLevels { get; set; }
[Parameter(name: "Opacity (%)", DefaultValue = 100, MinValue = 0, MaxValue = 100, Step = 5, Group = "Line Properties")]
public int Opacity { get; set; }
[Parameter(name: "Step Value (Pips)", DefaultValue = 50, Group = "Levels")]
public double StepValue { get; set; }
[Parameter(name: "Thickness", DefaultValue = 1, MinValue = 1, MaxValue = 5, Group = "Line Properties")]
public int Thickness { get; set; }
#endregion Parameters
public override void Calculate(int index) {}
protected override void Initialize()
=> CreateGrid();
#region Create Round Levels
private void CreateGrid()
{
int maxLines = MaxLevels * 2;
StepValue *= Symbol.PipSize;
double startLevel = Math.Round(Bars.ClosePrices.LastValue / StepValue) * StepValue;
for (int i = 0; i < maxLines - 1; i++)
{
int multiplier = (i < MaxLevels) ? 1 : -1;
double level = startLevel + (i % MaxLevels) * StepValue * multiplier;
Color lineColour = Color.FromArgb(MapOpacityValue(Opacity), Colour.ToString());
Chart.DrawHorizontalLine(name: "Level" + i, y: level, color: lineColour, thickness: Thickness);
}
}
private static int MapOpacityValue(int opacity)
=> opacity * 255 / 100;
#endregion Create Round Levels
}
}
Botnet101
Joined on 08.08.2021
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Round Levels.algo
- Rating: 5
- Installs: 3232
- Modified: 05/07/2022 11:58
Note that publishing copyrighted material is strictly prohibited. If you believe there is copyrighted material in this section, please use the Copyright Infringement Notification form to submit a claim.
Comments
Log in to add a comment.
No comments found.