OVERVIEW
Plots major institutional price levels for most instruments using the historical theory of Natural Numerics; eighth and quarter interval pricing. Price levels are plotted automatically with custom style parameters based on the current chart interval being viewed or a custom configured level type.
- Major Whole Levels (Daily chart and above)
Whole point intervals, ie. EURUSD 1.1XXX - Major Quarter Levels (3H chart and above)
Quarter point intervals, ie. EURUSD 1.025X - Minor Whole Levels (30m chart and above)
Whole point intervals, ie. EURUSD 1.010X - Minor Quarter Levels (< 30m chart, tick, volume, etc)
Quarter point intervals, ie. EURUSD 1.0025 - Customizable display styles
- Profit-zone overlay
- Auto-Level-Type based on chart
- Custom Multiplier and Point Size overrides to generate your own custom levels
- NinjaScript plot output of price location for use
in Alerts, Strategies or MarketAnalyzer Columns
FUTURES
Futures/Commodity market levels do not directly translate the same as Currency markets due to the large variation in pricing structures. However, Natural Numerics theory does apply to all financial market pricing and thus can be adapted in many different ways to be extremely powerful in futures markets.
The indicator includes built-in default level configuration for most major Futures markets based on their pricing structure. When you encounter a market that is not supported by default, use the custom Point Size and Multiplier parameters to create your own set of ‘Major Levels’ to plot on your chart. Example: [NQ] system default PointSize=1.0, Multiplier=2.5
NinjaScript Output
The indicator includes a plot output named Price Location which can be used for alerts and automation. The possible values are the following:
0 = Undecided [Black]
1 = Upper Zone ([DarkTurquoise] between level and upper hesitation line)
2 = Profit Zone ([Goldenrod] between hesitation zones)
3 = Lower Zone ([IndianRed] between level and lower hesitation line)
