Spots - Indicator for MetaTrader 4

This indicator breaks the chart into so-called "round" levels (ending with "00"). These levels often act as support and resistance for a financial instrument. This is explained by the fact that traders place orders for buying/selling at round prices. Therefore, the place of accumulation of the largest number of orders is often the points of the price reversal.

However, it is not recommended to use SweetSpots as a self-tool. It is more useful when applied as a filter or addition to a trading strategy.