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Intraday Dynamice Range

30 USD

Demo downloaded: 5

Published: 25 July 2024

Current version: 1.0

Intraday Dynamice Range

Indicators
Po Fai Tam
Version: 1.0
Activations: 5

Dynamic Range Indicator for MQL4

Introducing our cutting-edge Dynamic Range Indicator, specifically designed for 5-minute charts, featuring a proven back-testing record to ensure reliable performance.

Key Features:

Blue and Red Lines: The indicator uses two dynamic lines to represent market volatility.
Calculation Method: The lines are constructed using the last 14 days' average absolute movement of 5-minute closing prices, multiplied by today's session open price.
Indicator Formula: Today's open price * (1 + (pre-set volatility + 14 days average absolute movement)).
Dynamic Adjustment: The blue and red lines adjust dynamically throughout the trading day.
Pre-set Volatility: Customize the pre-set volatility value for more conservative or aggressive trading conditions. It can be set to zero or adjusted as per your trading strategy.
Momentum Signals: When the current 5-minute price crosses and stays above the blue line, it may indicate strong upward momentum for the day. Conversely, crossing and staying below the red line may signal strong downward momentum.

Enhance your intraday trading strategy with our Dynamic Range Indicator for precise market insights and informed decision-making.

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Stable Helper – Keep Your Trading Connection Uninterrupted! Ensure your MT4 stays connected and stable automatically! Stable Helper works silently in the background, monitoring your connection, rescanning servers, and even restarting MT4 if necessary—all without manual intervention. Designed to minimize downtime and optimize server performance , Stable Helper protects your trades from unexpected disconnections and latency issues. Key Features: 1️⃣ Real-Time Connection Monitoring Constantly

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Input: Range Start Time : The starting time of the range creation Range End Time : The ending time of range creation Trade End Time : The time where the line of range zone high/low will be extended to Minimum Size : The minimum size of the range in point Maximum Size : The maximum size of the range in point If the range size is between the minimum and maximum, indicator will print the 1st color (blue).

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