We just recently added a new free indicator to our site. The indicator will draw lines on your chart around the areas for Round and Whole numbers. There are also audible alerts at the point the numbers are breached the first time in the candle as well as Statistical data about the average swing for the period that you set. We set it to 30 days by default and this is what I look at often but you can set it how you wish. We also have stats on the largest swing down and up from the open in that period. You can download the indicator attached to this post
And here is a brief video that goes along with this indicator.
One thing I did not mention in this video is the birds eye view of the average swing statistics can let you know when the market has Volatility picking up on average or when we are in a low volatility point on recent days. Knowing this in my opinion is especially important on Spot FX and Nadex. Today Euro/USD was up dramatically even in the video you can see it and also we are starting to see some swing come back into the markets and that will over time possibly bring more retail action back in fact it already is according to some brokers M.O.M ( Month over Month ) Data. What is important is to be aware of these psychological numbers and try to fit them into your trading strategies in a way that helps you. Very basic but surprisingly useful when combined with PA.
Take a look at USDCAD hourly chart BOT_Round_And_Whole_Numbers.zip 26.66KB 337 downloads if you do decide to use this indicator and note how many significant levels there are just around these simple Whole and Round numbers especially based on the average swing rounded up.
Posted 08 August 2014 - 10:53 PM
- Tripack, binaryman, parsifal23 and 3 others like this
Posted 11 August 2014 - 03:04 PM
We had to update the round number indicator because the alerts were not working properly. Alerts were sounding on the first breach going up but not coming back down into the round numbers. Everything has been corrected now and can be DL for free on our site. Sorry for the confusion guys and we would have caught it before releasing the code if I had have waited to see a swing down like my brother suggested.
and over write the old ex4 with the new one to fix this issue.
I am also attaching the updated indicator to this post not sure I added it on the first one. BOT_Round_And_Whole_Numbers.zip 26.63KB 158 downloads
- Pedi likes this
Posted 23 August 2014 - 06:35 PM
These are a few screen shots from charts this week on the AUDNZD and a lot of people are aware we do bins and spot on this pair and you can see a lot of nice reaction here to the round numbers like I talked about in the video above. These are just 15 minute charts with the original Bot CCI indicator and you can see a lot of nice moves in sync with the crossings and good rejection on the PA around the round numbers and sometimes even just the rounded average. Speculating can be as simple or as hard as you make it in my opinion but regardless none of us can control the markets so at times I like to keep it simple.
- Tripack, yawyks, Singh and 1 other like this
Posted 14 April 2015 - 09:53 PM
We just added an update to this indicator to let you chart the round numbers and whole numbers as well as Pivot points on the same chart from one indicator. We still have the average swing data and the blue and red rounded averages as well as some stats on the largest swings up and down in the last 30 days ( or whatever you set it to track ).
The updated file is attached to this thread
Posted 19 May 2015 - 01:25 AM
Guys I done a video talking about how to use the statistics that are included with our Bot round and whole numbers indicator. I am way way late talking about what all those numbers mean but I hope that this can give some people some ideas to get their creative juices flowing and use these numbers to develop a trading plan on that day. This is also great for starting to wrap your mind around the levels and the Volatility of the day and this can be helpful especially on platforms like Nadex and for larger Spot FX moves in my opinion.
Hope this helps someone. Latest version of the indicator is attached to this post.
Posted 02 June 2015 - 01:39 PM
This was a wild day on the EURUSD and here is a use for that largest swing in the last 30 days statistic. You can see that we got about to that number today. Also in my mind it gives me something to look at when all 3 of the Resistance Pivot points have been knocked out on the day.
NOTE: The statistic was measured on the top of the day. Not a signal or anything like that just an example of an idea to trade around this. When we got close to that number again maybe on a platform like nadex you could sell a Bin for $15 - $20 around that 1.1192
Posted 24 July 2017 - 02:32 AM
In this clip I am showing Market profile and Value area lines that we added to the Bot Round and whole numbers indicator that my brother and I have been developing over the years. I am going to talk about the Value area high and Value area low and what they mean and represent on an intraday basis in the markets.
Here is my video ( first of two videos ) on Market Profile and how to use it in your trading:
At this point using the bot round and whole numbers indicator you can get a lot of really helpful key levels on your chart and use them to plan entry areas and exits regardless if you are trading binary options or intra-day trading,futures, options, or forex. You can also use value area high and value area low to help in setting a bias of your trend on the day by pairing it with some other simple indicators and finding confluence between them.
The indicator updates are attached to this post so you can DL it right here or get it off our website:
Posted 24 July 2017 - 10:52 AM
Thanks I'll have a look at it.
I can not edit post but I screwed up the upload ( forgot to click attach file trying to do to many things at once last night) here is a zip file with it in it. Some thing to remember are that this Value area is based on the prior day so if on your broker you do not see the lines or chart on a Sunday or Monday then in settings you need to set
VA Days to count to 3
Another thing is that you may notice a slight change in the value area depending on if you are on a five minute chart or a 30 minute chart and that is not an error it is because the TPO chart will be built differently if you are on a different candle configuration. ( Weill make more sense when I share the other video on how the vertical chart is built ) Most people who trade VA like to use 30 minutes but I have found 5 or 30 to work well for spotting price action around the value area High or Value area Low.
- Singh likes this
Posted 25 July 2017 - 03:41 AM
The benefit of the TPO chart is that you can get that 3rd dimension of not only knowing where price rejects via the wicks but you can also know at a glance how long price spent at that level on an entire intraday basis. Because the Value Area is based on intervals from the chart time you will note slightly different areas as you move from 5M to 30M ( the standard ) time on the Market profile chart. So now with just this one indicator there are tons of key levels drawn with no repainting throughout the day for you to focus on and use in your intra-day trading plans. All included in the bot round and whole numbers indicator.
- Kilometer likes this
Also tagged with one or more of these keywords: Round numbers, whole numbers, Average swing
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