Sweet Spots – round numbers

v10.3
Sweet Spots – round numbers

The SweetSpots indicator plots automatically lines on round price rates, not only double zeros, it includes any round numbers calculated with 2 different settings in parameters:

  • MainLevels (define major levels, define this setting in points/pips, it will automatically adapt the calculation for the current security/instrument)
  • SubLevels (define sub levels, same setting as MainLevels one)

The ‘NumLinesAboveBelow’ setting will determine how much levels will be plotted on the chart (default is 100 lines above and below the current Close).

 

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No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. Bullan • 12/04/2017 #

    Hi Nicolas, thanks a lot for posting this, very useful. A quick question, I havent much experience with coding but was wondering how I could go about changing the colour of the lines as well as the thickness of the lines? Also, is it possible to put a label on the lines?

    Thanks
    Andrew

    • Bullan • 12/04/2017 #

      One other quick thing, I notice that the lines flicker on and off when price trades close to either side of the level – is there any way of turning this feature off? Cheers

    • Nicolas • 12/04/2017 #

      Not possible to change the thickness. You can add text with DRAWTEXT instruction, you’ll find many examples in the library.

  2. financier • 12/04/2017 #

    Hi, Nicholas I find your sweetspot indicator very handy for identifying key areas in a range of markets, and I would like to incorporate what I think are important levels into my own programmes. Is it possible to reference these lines either in this or a similar programme by attributing variable names to them directly ?
    Thank you very much for your help and time.

    • Nicolas • 12/04/2017 #

      Sure,you can. Just add different variables in the loop and test them at each iteration if they have a value or not. Dont forget to reset them to zero before the loop.

  3. BobFlynn • 197 days ago #

    Hello @Nicolas
    Thank you very much for this code ! It’s very useful to me.

    I was wondering how I could use in ProOrder. I manage to simply call it, but how can I use the different levels to raise conditions ?

    Let me know if I shall open a new topic for this.
    Thanks,

    • Nicolas • 197 days ago #

      Lines are just graphical and are not returned by the indicator. To use it in automated trading, it would be adapted somehow. Please open a new topic for this specific question.

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