Psychological Price Level GBPJPY (.250 / .750)

17시간 전

This indicator is designed for GBPJPY traders who work with precision and smart-money-based analysis. It automatically plots psychological price levels at .250 and .750, which are known institutional reference points that often influence market structure, price reactions, and liquidity behavior. Unlike typical round-number indicators, this tool focuses specifically on quarter levels, which are frequently used by algorithms, banks, and experienced institutional traders.

Fixed and Reliable Levels

As price evolves, the levels update automatically and remain fixed on the chart without shifting when you scroll. This ensures that the levels always stay anchored to relevant market structure, making them reliable reference points for planning entries, targets, or stop placements.

Customization

The indicator allows full customization. You can freely adjust the line color, line thickness, and line style to match your personal trading chart layout. You can also choose whether lines extend left, right, or both directions, making the tool flexible enough to fit minimalist or highly marked-up workspaces.

Why These Levels Matter

In smart money trading approaches, the .250 and .750 levels often act as magnetic zones. Price frequently gravitates toward them to test liquidity or engineer traps before continuing its move. These levels may serve as rejection points, breakout confirmation zones, or take-profit areas depending on the broader context. Because they frequently align with order blocks, fair value gaps, and market structure shifts, they can add meaningful confluence to directional bias and trade timing.

Who Can Benefit

This tool is particularly useful for scalpers, day traders, and swing traders who base decisions on liquidity behavior and institutional logic. It works well on any timeframe and complements concepts such as premium and discount models, inefficiencies, fair value gaps, and volume imbalances. Many traders find that these price levels help them identify reactions earlier, refine entries, and improve confidence when executing trades.

Final Note

If this indicator supports your trading workflow, feel free to leave a comment or mark it as a favorite + give it a BOOST. Your feedback helps guide future improvements and ensures the tool continues evolving for serious GBPJPY traders.

Happy trading — and stay precise. 🚀📊

1시간 전

릴리즈 노트

Update: Version 2 (Bug Fix)

Issue Resolved: Users reported a graphical artifact where the psychological levels would disappear or render as a single vertical line running from top to bottom when the browser was refreshed or the chart was re-opened.

The Cause: The previous code calculated line coordinates using Unix timestamps (

xloc.bar_time

). On higher timeframes (e.g., 4H, Daily), the time difference between points was too small relative to the chart scale, causing TradingView to fail in rendering the horizontal angle correctly.

The Solution: The script has been rewritten to use Bar Index coordinates (

xloc.bar_index

) instead of Time coordinates.

Old Logic: x1=time, x2=time+1000 (Unstable on high TFs)

New Logic: x1=bar_index, x2=bar_index+1 (Stable everywhere)

The lines now render perfectly as infinite horizontal levels regardless of the timeframe or how often the page is reloaded.