This indicator is really simple. It’s there to visualize important psychological levels, also referred to as Double-Zeros. Most markets tend to behave strangely at psychological price levels like for example Gold at 1000$ or EURUSD at 1,4000. The indicator does only show the nearest psycholgical level of the current price (=if you scroll to the left, there’s always just a single line). EDIT: improved version1: does also show past levels now.
There’s just one parameter:
extern int relDigitPos=2; // position of the relevant digit.
// example1: a setting of “2” in a market at the level of 1,2312 (taxed by 4 digits) makes the indicator visualize 1,2300
// example2: a setting of “3” in a market at the level of 1,23125 (taxed by 5 digits) makes the indicator visualize 1,23100
// example3: a setting of “1” in a market at the level of 1,23125 (taxed by 5 digits) makes the indicator visualize 1,20000
// example4: a setting of “-1” in a market at the level of 123,15 (taxed by 2 digits) makes the indicator visualize 120,00
