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XAU 0/5 Grid

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This indicator draws horizontal price grids for XAUUSD. It anchors the grid to a base price that ends with 0 or 5, then plots equally spaced levels every 5 price units above and below that base. It’s a clean way to eyeball fixed-interval structure for rough support/resistance zones and simple TP/SL planning.

How it works

Base (0/5):
base = floor(close / 5) × 5 → forces the base to always end with 0/5.

Grid levels:
level_i = base + i × 5, where i is any integer (positive/negative).

The script updates positions only when the base changes to avoid flicker and reduce chart load.

It uses a persistent line array to manage the line objects efficiently.

Usage

Add the indicator to an XAUUSD chart on any timeframe.

Configure in the panel:

Show Lines – toggle visibility

Lines each side – number of lines above/below the base

Line Color / Line Width – appearance

Use the grid as fixed reference levels (e.g., 3490, 3495, 3500, 3505, …) for planning TP/SL or observing grid breaks.

Highlights

Strict 0/5 anchoring keeps levels evenly spaced and easy to read on gold.

Auto-reanchors when price moves to a new 0/5 zone, maintaining a steady view.

Lightweight design: lines are created once and then updated, minimizing overhead.

Limitations

Visualization only — not a buy/sell signal.

Spacing is fixed at 5 price units, optimized for XAUUSD. If used on other symbols/brokers with different tick scales, adjust the logic accordingly.

Grid lines do not guarantee support/resistance; always combine with broader market context.
Nota Keluaran
fix bug
Nota Keluaran
fix bug

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.