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Designing a Psychological Trading Strategy in TradingView
Coding Psychological Levels Using TradingView
Psychological levels are round levels that are likely to have more reaction around them than other levels. This article discusses the creation of a psychological scanner in TradingView.
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The Intuition of Psychological Levels
Psychological levels form an important part in any analysis. The reason for this is because mentally, they are given more attention than other levels. For instance, which price would you retain more in your mind if you come across it? 1.1500 on the EURUSD or 1.3279 on the GBPUSD? By psychological Levels, we are talking about either round numbers (such as 1.2000 on the EURUSD) or simply par numbers (such as…
