Yen PPL

Use this Indicator to plot Psychological Price Levels on Yen Pairs, Set an alert to notify you when Price Action breaks a Psychological Price Level

This Indicator plots a 700 pip range.

When you first apply the Indicator a "Confirm Inputs" box will appear. Set the "Initial Value" box to a Flat .00 price about 350 pips below current Price Action.

This will set Current Price Action in about the middle of the range.

The PPL 1,2 and 3 "top" and "bot" settings represent the tops and bottoms of your Psychological Price Levels and allow you to adjust their location and width.

They are currently set to "Quarter Point Theory" and 2 pips wide.

You will probably want to leave PPL4 alone as it represents your Flat .00 numbers unless you want to adjust its width.

The Brightness and color can also be adjusted in "Bgcolor"

Set your alerts and enjoy.

Comments, Suggestions and Feedback are appreciated, Thanks for checking out the Indicator.

Versionsinformation:

Refined Alert system

Versionsinformation:

Updated the order of the PPL inputs to make it more intuitive

Versionsinformation:

Reduced the range to 400 pips so that the "auto" button on the chart works better (trying to strike a balance).

The script now plots new Psychological Price levels at your settings as Price action moves.

Your suggestions are appreciated Thank you.

Versionsinformation:

Simplified setting the Psychological Price Levels and choosing their width.

Again appreciate the feedback and suggestions!

Versionsinformation:

Range of the Psychological Price Levels further reduced to only 200 pips