Round Number
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Product Description
Round Number indicator for NinjaTrader is a very simple tool, but perhaps one of the most POWERFUL ones you have ever seen!
Whole or round numbers tend to cause significant psychological effects on trading decisions, and therefore on market movements. Have you heard that ES is likely to reach 2000? Traders will hold their long positions tightly and just take profits at around 2000; this is the so-called "magnet effect" that attracts the price toward beautiful whole or round numbers.
You know the importance of psychological support & resistance levels. However, sometimes you remember them and sometimes you forget because they are not printed on your chart. Inconsistency is bad behavior in trading! That's why this round number indicator was created for the NinjaTrader platform.
The indicator automatically prints horizontal lines at whole or round numbers, based on a step (in ticks) you specify. For example, if you set a step of 100 ticks for EUR/USD, horizontal lines will be printed at 1.2000, 1.2100, 1.2200... Or if you set a step of 40 ticks (10 points) for ES, horizontal lines will be printed at 2000, 2010, 2020...
The indicator supports up to 3 user-defined steps at the same time. To illustrate, you may have horizontal lines printed every 100 ticks, 50 ticks, and 25 ticks.
Compatibility
- Instruments: futures, stocks, indices
- Interval types: timebased or non-timebased, standard or custom
- Chart styles: whatever
Key Features
- Print horizontal lines based on a step you specify
- Support up to 3 steps at the same time
- Optionally label the prices of horizontal lines (can be placed on the left or right)
Usability
Ready to use out of the box
Fully configurable & customizable with ease
45 Days ninZaExchange
If you are not satisfied with an indicator you’ve bought, you may request us to replace it with another indicator of the comparable price for you.
Software Changelog
Jul 20, 2021
- "Line: Enabled" property was added.
Feb 20, 2021
- Massive changes, fixes, and improvements were made (DPI, display name, Z order).
May 10, 2019
- The licensing system was critically upgraded.
Product Media
How to Install?
Step by step guide on how to install the indicators
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Because software products may be copied and stored easily, we will NOT issue refunds of any kind. ALL SALES ARE FINAL & NON-REFUNDABLE!
Futures, foreign currency, and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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