Apply quarters theory to any chart – visualize key psychological price levels

Description

The PZ Quadrant Thesis Indicator is built on the principles of The Quarters Theory, a price mapping method introduced by Ilian Yotov, which breaks down currency price movement into consistent and psychologically significant intervals. These zones often act as magnets for price action, serving as high-probability areas for breakouts, reversals, and consolidations.

By default, the indicator applies this theory to your chart by drawing:

• Solid red lines at round-number levels (e.g., 1.1000, 1.1200)
• Solid black lines at quadrant levels within the big intervals
• Dashed black lines at midpoint levels
• Dashed blue lines at indecision zones—areas where price often stalls or reverses

These clearly marked zones make it easier to:

• Identify support and resistance
• Recognize trading ranges and price compression
• Spot entry and exit zones
• Understand how price reacts at psychologically meaningful thresholds

Although inspired by Quarters Theory, the tool is fully customizable. You can modify the spacing of all line types in pips to suit your personal strategy or apply the structure to non-currency instruments such as indices, commodities, or crypto. No optimization is necessary. Simply define the interval values and visual preferences, and the indicator does the rest.

Input Parameters

• Big Interval – Pip spacing for major round-number levels (e.g., 100 pips)
• Medium Interval – Pip spacing for quadrant levels between round numbers
• Small Interval – Pip spacing for midpoints or minor grid zones
• Indecision Interval – Pip size for marking indecision zones
• Colors – Customize colors for each level type
• Sizes – Set line width for visual emphasis
• Manual Pip Value – Optionally override pip value for non-standard brokers or instruments