Using Static Horizontal Price Grids on a Trading Chart
Summary
This document describes a chart indicator that draws fixed horizontal price levels at regular intervals around the current price. The trader configures how many lines to display on each side and the spacing between adjacent lines, then chooses their color, width, and visual style. The stated use is to make price levels easier to inspect during price action analysis.
The material explains the indicator’s display settings rather than a complete trading method. It gives no rules for entering or exiting positions, no market or timeframe guidance, and no performance evidence. Grid levels can help organize visual analysis, but the document does not explain how to interpret a touch or crossing, or how to account for changing volatility and price scale when choosing the interval.
Key ideas
- The indicator plots evenly spaced horizontal price levels around the current price.
- Users set the number of levels on each side and the distance between them.
- Color, line style, and width are configurable display options.
- The document does not specify trading rules or evidence that the plotted levels predict price behavior.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.