PROTECTED SOURCE SCRIPT
Quarter Point Levels [GBPJPY] RIIB
Dynamic Quarter Point Levels [Institutional Logic]
Overview
This indicator is a specialized charting tool designed for traders who follow Institutional Price Action and Psychological Levels. Unlike standard grid indicators, the Dynamic Quarter Point Levels script focuses on the specific decimal increments used by large banks and algorithmic execution desks—specifically the 0.250, 0.500, 0.750, and 1.000 milestones.
On pairs like GBPJPY, these "Quarter Points" act as magnets for liquidity. This indicator ensures you never miss a rejection or a breakout from these high-probability zones.
Key Features
Dynamic Market Following: The script automatically detects the current market price and projects the nearest Quarter Points. As the market trends up or down, the levels shift with it, keeping your chart clean and relevant.
Visual Hierarchy:
Major Whole Numbers & Mid-Points (.000, .500): Displayed as solid, high-visibility lines (Major levels).
Intermediate Quarters (.250, .750): Displayed as dotted lines to help differentiate between primary and secondary support/resistance.
Price Labeling: Real-time price labels on the right-hand side for precise order entry and stop-loss placement.
Fully Customizable: Adjust the "Quarter Step Size" to fit different assets (e.g., 0.25 for FX, 1.0 or 5.0 for Gold/Indices) and modify colors to match your dark or light mode theme.
Why Use Quarter Points?
Large financial institutions do not place orders at random prices. They cluster liquidity at psychological round numbers.
The Whole Number (1.000): The strongest psychological barrier.
The Mid-Point (0.500): Often used as the "Fair Value" for a session.
The Quarters (0.250/0.750): Known as "The Trap" zones where liquidity sweeps often occur before a trend continuation.
How to Use
Rejection Trading: Look for candlestick wicks touching a level and closing back away from it (Stop-run confirmation).
Break & Retest: Use the levels to identify clear breakout points and wait for a retest of the level before entering.
Targets: Use the next Quarter Point as a logical Take Profit (TP) target, as price tends to travel from one quarter to the next in high-volatility sessions like the London Open.
Developed for professional intraday traders targeting GBPJPY and Major FX pairs.
Overview
This indicator is a specialized charting tool designed for traders who follow Institutional Price Action and Psychological Levels. Unlike standard grid indicators, the Dynamic Quarter Point Levels script focuses on the specific decimal increments used by large banks and algorithmic execution desks—specifically the 0.250, 0.500, 0.750, and 1.000 milestones.
On pairs like GBPJPY, these "Quarter Points" act as magnets for liquidity. This indicator ensures you never miss a rejection or a breakout from these high-probability zones.
Key Features
Dynamic Market Following: The script automatically detects the current market price and projects the nearest Quarter Points. As the market trends up or down, the levels shift with it, keeping your chart clean and relevant.
Visual Hierarchy:
Major Whole Numbers & Mid-Points (.000, .500): Displayed as solid, high-visibility lines (Major levels).
Intermediate Quarters (.250, .750): Displayed as dotted lines to help differentiate between primary and secondary support/resistance.
Price Labeling: Real-time price labels on the right-hand side for precise order entry and stop-loss placement.
Fully Customizable: Adjust the "Quarter Step Size" to fit different assets (e.g., 0.25 for FX, 1.0 or 5.0 for Gold/Indices) and modify colors to match your dark or light mode theme.
Why Use Quarter Points?
Large financial institutions do not place orders at random prices. They cluster liquidity at psychological round numbers.
The Whole Number (1.000): The strongest psychological barrier.
The Mid-Point (0.500): Often used as the "Fair Value" for a session.
The Quarters (0.250/0.750): Known as "The Trap" zones where liquidity sweeps often occur before a trend continuation.
How to Use
Rejection Trading: Look for candlestick wicks touching a level and closing back away from it (Stop-run confirmation).
Break & Retest: Use the levels to identify clear breakout points and wait for a retest of the level before entering.
Targets: Use the next Quarter Point as a logical Take Profit (TP) target, as price tends to travel from one quarter to the next in high-volatility sessions like the London Open.
Developed for professional intraday traders targeting GBPJPY and Major FX pairs.
Mã được bảo vệ
Tập lệnh này được đăng dưới dạng mã nguồn đóng. Tuy nhiên, bạn có thể sử dụng tự do và không giới hạn – tìm hiểu thêm tại đây.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã được bảo vệ
Tập lệnh này được đăng dưới dạng mã nguồn đóng. Tuy nhiên, bạn có thể sử dụng tự do và không giới hạn – tìm hiểu thêm tại đây.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.