Range Canvas MT5

4

Daily Range Boxes: The indicator draws rectangular boxes around each day's high and low prices, creating a clear visual boundary for the daily trading range.

Color-Coded Logic:

  • Green boxes when the current price (or close) is above the daily open
  • Red boxes when the current price is below the daily open

Percentage Level Lines: Inside each box, it draws three horizontal lines at:

  • 25% of the daily range
  • 50% of the daily range (midpoint)
  • 75% of the daily range

Range Information: Each box displays the pip range at the bottom, showing exactly how many pips the day moved from high to low.

Customizable Settings

The indicator offers extensive customization options:

  • Number of days to display (default: 50)
  • Box colors for bullish/bearish days
  • Line styles and widths for both boxes and percentage lines
  • Transparency level for the boxes
  • Option to show/hide the percentage lines

Practical Use

This indicator is particularly useful for:

  • Support/Resistance Analysis: Daily highs and lows often act as key levels
  • Range Trading: Identifying when price is at the top, middle, or bottom of daily ranges
  • Volatility Assessment: Quickly seeing which days had larger or smaller ranges
  • Pattern Recognition: Spotting trends in how price interacts with daily levels

The visual representation makes it easy to spot patterns like whether price tends to respect certain percentage levels within daily ranges, or how current price action compares to recent daily ranges.


Reviews 2
arun frozer
18
arun frozer 2025.06.24 13:16 
 

overall experience is good ....

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Was: $299  Now: $99  Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings a
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Capture every opportunity: your go-to indicator for profitable trend trading Trend Trading is an indicator designed to profit as much as possible from trends taking place in the market, by timing pullbacks and breakouts. It finds trading opportunities by analyzing what the price is doing during established trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Trade financial markets with confidence and efficiency Profit from established trends without getting whips
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Market Structure Patterns   is an indicator based on   smart money concepts   that displays   SMC/ICT   elements that can take your trading decisions to the next level. Take advantage of the   alerts ,   push notifications   and   email messages   to keep informed from when an element is formed on the chart, the price crosses a level and/or enters in a box/zone. Developers can access the values of the elements of the indicator using the   global variables  what allows the automation of trading
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DGoldSniper
255
DGoldSniper 2026.03.06 16:13 
 

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arun frozer
18
arun frozer 2025.06.24 13:16 
 

overall experience is good ....

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