FranPL - Psychological Levels

It automatically draws horizontal lines fixed to the right-hand price scale at every price level ending in 00, 20, 50, and 80. These levels are commonly watched by traders as areas where price often reacts, pauses, or reverses.

The lines remain anchored to price, updating dynamically as the market moves, and stay aligned with the price scale rather than drifting with time. The indicator works across all markets and timeframes.

FranPL is fully customizable through the settings, allowing the user to adjust the line color, thickness, and length, making it easy to match personal chart preferences while keeping the chart clean and uncluttered.

Overall, FranPL provides a clear, consistent visual framework for identifying important psychological levels to support entries, exits, and risk management.