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Psychological Whole Number Levels Indicator for ThinkOrSwim

Original price was: $99.99.Current price is: $79.99.

We’re traders, but we’re also human … and the human brain gravitates toward simplicity. That’s one of the reasons why in trading, there’s just something about whole numbers, round figures, fifties, hundreds, etc. — trend direction just always seems to change at or near levels like these more often than elsewhere.

Description

NEW! Now includes 4 different scripts that display the levels that are important to you in different ways.

  1. The original figure levels indicator with fixed increments as described below.
  2. Lines at the 20 whole/half dollar figures nearest to the current price.
  3. Lines at every X-value above/below current price (show lines at every .50 or every $5 increment — any increment you choose!)
  4. Lines at any 25 manually-entered price levels.

We’re traders, but we’re also human … and the human brain gravitates toward simplicity. That’s one of the reasons why in trading, there’s just something about whole numbers, round figures, fifties, hundreds, etc. — trend direction just always seems to change at or near levels like these more often than elsewhere. And with this new study for ThinkOrSwim, you’ll be able to easily identify these areas, where there’s a greater likelihood of reversal. When price is approaching a whole figure, you’ll be able to see the area on the chart without guessing. Now you’ll never have to worry about forgetting to check for nearby psychological figure levels before placing your trades — you’ll automatically be reminded of them in advance!

Works for stocks, futures, penny stocks, and forex. The color of each line, as well as individual line thickness and style (solid, dashed, dotted, etc.) are all completely customizable. You can also turn on/off the price bubble for each line on the right side of the chart. In addition, you can specify in the properties whether you want the indicator to show single digit levels below $10, and .05 increment levels below $2.

The numbers highlighted by default are as follows:

  • Counting by .025s from 0 – 2: (.025 .050 .075 .100 .125 .500, .750, etc. — these are good for JPY, forex and sub-penny stocks)
  • Counting by .05s from 0 – 2 (.05 .1 .15 .2 .25, etc. — these are good for forex and penny stocks)
  • Counting by 1s from 0 – 10
  • Counting by 5s from 0 – 100
  • Counting by 10s from 0 – 300
  • Counting by 25s from 0 – 500
  • Counting by 50s from 0 – 1000
  • Counting by 100s from 0 – 3000
  • Counting by 250s from 0 – 5000
  • Counting by 500s from 0 – 25000
AUD/USD Pscyhological Whole Figure Numbers

AUD/USD Pscyhological Whole Figure Numbers

 

Psychological Whole Numbers and Figure Levels for Thinkorswim
Psychological Whole Numbers and Figure Levels for Thinkorswim – showing Lines at every X-value near price (script #3 from the list above).

 

Thinkorswim Figure Levels Indicator - Lines at Every X Value
Thinkorswim Figure Levels Indicator – Lines at Every X Value

 

Thinkorswim Figure Levels Indicator - Manual Lines
Thinkorswim Figure Levels Indicator – Manual Lines

 

Thinkorswim Figure Levels Indicator v2.1
Thinkorswim Main Figure Levels Indicator v2.1

 

 

Questions?

We’re always happy to answer questions, and full email support is provided with every purchase! We’ll make sure you get up and running. If you have questions, email us here or leave a comment below!