50-Point Psych Levels (Multiples of 50)

50-Point Psychological Levels (Multiples of 50)

This indicator plots static psychological price levels at fixed point intervals (default every 50 points) across the chart. These levels are commonly watched by traders as natural areas of reaction, balance, support, and resistance, especially on index futures such as NQ, ES, YM, and RTY.

The script automatically centers the levels around the current market price and draws them across a configurable range above and below price. All levels extend across the entire chart and are drawn once only, keeping the display clean and preventing redraw lag.

Key Features

Plots horizontal levels at fixed point spacing (default: 50 points)

Automatically anchors around the latest price

Configurable range above and below price

Customizable line color, width, and style

Lightweight, non-repainting, static reference levels

Best Use Cases

Identifying psychological support and resistance

Confluence with VWAP, EMA structure, ORB levels, and volume

Futures trading (NQ, ES, YM, RTY), indexes, and large-tick instruments