Round Level Horizontal Line Indicator (Titan_Horizon_grid)
Indicator Overview
Drawing Horizontal Lines at Round Levels
This indicator allows you to draw horizontal lines at round levels on the chart at specified intervals.
While MT4 and MT5 automatically draw grid lines based on the price range visible on the chart, these aren't always at round levels, which can be frustrating for some users. This indicator solves that by allowing you to draw lines at intervals such as 20 pips, 50 pips, or 100 pips.
By hiding MT4 and MT5's default grid lines and using this indicator instead, you can create a clean chart with horizontal lines at round levels.
【Comparison of Default Grid Lines and Horizontal Lines by This Indicator】
Possible to Overlay Multiple Lines
You can display multiple instances of this indicator on top of each other. For instance, you could set grey lines every 20 pips and red lines every 100 pips. Using different colors allows you to customize the chart for easier analysis according to your preferences.
Note: When overlaying multiple sets, the later settings will be displayed on top. To ensure visibility, draw smaller pips counts before larger ones.
【Example of Displaying Grey Lines Every 20 Pips and Red Lines Every 100 Pips】
※ This indicator is only compatible with TitanFX's Windows version of MT5 and MT4.
Indicator Terms of Use
Only those who agree to all the following items may use the indicators distributed on this website (https://research.titanfx.com):
1.The indicators and related descriptions are based on various data believed to be reliable, but their accuracy and completeness are not guaranteed.
2.The data displayed by the indicators do not guarantee your investment results. Also, the displayed content may vary due to market conditions and communication environments.
3.Please make investment decisions using indicators at your own risk. We are not responsible for any disadvantages or damages arising from the use of indicators.
4.Specifications of the indicators are subject to change without notice. Changes will be announced on the indicator description pages, etc.
5.Indicators should only be used by customers who have downloaded them. Transferring or selling the indicators to third parties is prohibited.
Indicator Settings
Input (For MT5), Parameter Input (For MT4)
| Variable Name | Description | Default |
|---|---|---|
| Points | Specifies the interval in pips at which to draw horizontal lines. | 10 |
| Line_color | Specifies the color of the horizontal lines. | Gray |
| Line_style | Specifies the style of the horizontal lines. | Dot |
| Line_width | Specifies the thickness of the horizontal lines. | 1 |
Color Settings (For MT5), Color Configuration (For MT4)
| MT5 | MT4 | Description |
|---|---|---|
| 0 | 0 | Not used. |