This is an indicator that marks off Major whole/quarter levels
Between each major whole they are 1000 pips and that can be quarter and give you major quarter levels of 250 pips
Each of the major whole number can be divided into 10 - 100 pip ranges(giving you minor whole number), and you can in turn quarter these to give you 25 pips.
This is the lowest value you would need as price moves in 25 pip.
You can use this on any market as long as you can figure out the conversion from price into pips for you assets (This varies).
Hi Rain ... great indicator, thanks so much. I've been looking for one like this for ages and finally found it. All the other similar indicators require me to manually enter the price levels for each different pair (FX). But this does it automatically, which saves me a lot of time. Cheers! Ian
thanks again, excellent indicator