Round Levels Zone Shading

Category: market_structure, volatility

Identifies and visualizes psychological round number levels or institutional zones on the chart with customizable intervals and automatic scaling.

Formula

L_{round} = \lfloor \frac{P_{start}}{I} \rfloor \times I \pm (n \times I) \text{ where } I \text{ is the point interval and } n \text{ is the level count.}

Inputs

• Levels (default: 5)
• Interval (default: 0)
• ZoneWidth (default: 0)
• InvertZones (default: false)
• ButtonCorner (default: None)

See signal primitives and every published strategy that uses Round Levels Zone Shading on WOBR StrategyVerse.