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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.
ملاحظات الأخبار
fix bug

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