MetaTrader 5 Round Level Indicator Download – Free [TradingFinder] – MT4/MT5 Resource

Round Levels, MetaTrader 5 indicator is a practical tool for technical analysis that highlights key and sensitive market points by drawing round levels on the chart.

These levels often identify areas where price may reverse or show a specific reaction.

Round transaction specification table

The main features of the Round Level Indicator are shown in the table below:

Uptrend Conditions

The image below shows a chart of the S&P500 Index with symbols (SP500) on the 4-hour timeframe .

A breakout of the circle level of 4000 strengthens the bullish trend , indicating a breakout of previous strong resistance and support , creating a suitable entry point for trades.

downtrend conditions

The chart below shows the price chart of Australian Dollar against US Dollar (AUD/USD) on the 15-minute timeframe .

When the price reaches the 0.66000 and 0.65000 levels, these act as support and resistance areas.

If the blue level is broken , it provides a suitable opportunity to enter a sell trade .

Indicator Settings

The image below shows the setting round level indicator :

• Chart theme: Chart theme
• Show numbers or half: Show numbers or half
• Show labels: Display labels
• Figure lines width: width of graphic lines
• Figure lines style: Graphic line style
• Halves lines width: half line width
• Quarter Line Width: The width of a quarter line
• Quarter line style: Quarter line style
• Alerts on: Alerts
• Alerts message: Alerts message
• Alerts sound: Alerts sound
• Alert type: Alert type
• Sound file: Sound file

Conclusion

The Round Level Indicator identifies key price points in a market and determines support and resistance levels, reversal, or breakout areas based on these levels.

This MetaTrader5 Levels indicator highlights areas with a high probability of price pauses or changes in direction.

Utilizing round technical analysis levels helps predict price movements, spot new trends and set stop loss and take-profit levels.