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Tradingview
Round/ Psychological numbers
Humans are naturally drawn to symmetry and simplicity, and round numbers offer a nice, neat way to measure price levels. Plus, these levels often coincide with important milestones or historical levels of support and resistance, giving them even more psychological weight.
This Indicator is developed for the TradingView platform only.
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Trading sessions are time periods when certain world areas trade the markets. In these time periods, there is the most volatility. For every session, there is a strategy and for every strategy there is timing. From ICT kill zones to key levels in sessions. We got you covered.
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Introducing the
Psychological Numbers
Have you ever noticed that prices seem to stick to certain “round numbers” like $1250, $1300, or $1350? It’s not just your imagination — these round numbers can actually act as psychological levels in the market, influencing trader behavior and shaping price action.
But why do traders care so much about these round numbers? It all comes down to our psychological wiring. Humans are naturally drawn to symmetry and simplicity, and round numbers offer a nice, neat way to measure price levels. Plus, these levels often coincide with important milestones or historical levels of support and resistance , giving them even more psychological weight.
To help you take advantage of these psychological levels in your trading, we’ve created a free TradingView indicator that automatically plots round numbers on your chart. Whether you’re a seasoned trader or just starting out, this indicator can give you a valuable edge in the market.
But why do traders care so much about these round numbers? It all comes down to our psychological wiring. Humans are naturally drawn to symmetry and simplicity, and round numbers offer a nice, neat way to measure price levels. Plus, these levels often coincide with important milestones or historical levels of support and resistance , giving them even more psychological weight.
To help you take advantage of these psychological levels in your trading, we’ve created a free TradingView indicator that automatically plots round numbers on your chart. Whether you’re a seasoned trader or just starting out, this indicator can give you a valuable edge in the market.
Developed for traders, by traders 💙
What are round/psychological numbers and levels in trading?
Round/psychological numbers and levels refer to price levels that end in round numbers, such as $100 or $1.00, and are often considered significant in trading due to their psychological appeal to traders and investors.
Why are round/psychological numbers and levels significant in trading?
Round/psychological numbers and levels are significant in trading because they can act as key support and resistance levels and may attract buying or selling activity. These levels can also provide traders with valuable information about market sentiment and potential trading opportunities.
How can traders use round/psychological numbers and levels in their trading strategies?
Traders can use round/psychological numbers and levels in their trading strategies by identifying key levels and incorporating them into their analysis and decision-making process. It can be simply used for extra confluences upon their analysis. If a round number aligns with your order block or fair value gap and it makes a structural confirmation, the trade will have a higher chance of succeeding.
Does this tool draws round numbers automatically for you?
Yes the round/ Psychological numbers indicator will draw the levels for you on the chart. All automatically.
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