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Blahtech Daily Range MT5

Blahtech Daily Range indicator displays the average daily range alongside the individual session ranges. Using the daily open price as a reference the indicator shows fixed range and dynamic range targets as lines on the charts. These lines clearly show when the average range has been exhausted. Daily and session ranges can be useful for confirming entries or setting targets and is an excellent odds enhancer for many trading systems.

Links [ Documentation | Install | Update | Training All Products ]


Feature Highlights

  • Daily Ranges
  • Session Ranges
  • Single or multiple ranges
  • Fixed and dynamic exhaustion chart lines
  • Highlighting of larger ranges
  • Configurable targets and highlight values
  • Backtest directly on the chart
  • Customisable alerts and messages
  • Selectable period for higher timeframes
  • Fast access hot-keys


Developers – iCustom Buffers

  1. Empty
  2. ADR
  3. Open
  4. Close
  5. High
  6. Low
  7. RoomUp
  8. RoomDown


Inputs

Session Ranges

  • Visible - Display the session ranges text
  • Show Current – Display the current session range
  • Periods (days) – Number of days for the average session size
  • Session Names – Comma separated list of session names
  • Session Schedules – Comma separated list of session times
  • Highlight Ratio – Sessions - Relative percentage at which a session should be highlighted
  • Highlight Ratio –Current - Percentage at which the current session should be highlighted
  • Text Colour –Titles
  • Text Colour - Values
  • Text Colour - Highlight – Session
  • Text Colour – Highlight – Current
  • Zone Colour 1 – Colour for Session 1
  • Zone Colour 2 – Colour for Session 2
  • Zone Colour 3 – Colour for Session 3
  • Zone Colour 4 – Colour for Session 4
Daily Ranges
  • Number Ranges – Number of ranges to display on the chart
  • Range Lines – Show / hide the fixed, exhaustion and projection lines on the chart. Hot-key “A”
  • Range Lines – Legends - Text to display below the lines – Projections/Timeframes. Hot-key “\”
  • First Range - Number of periods to use for first range
  • Second Range
  • Third Range
  • Fourth Range
  • Average Range Calc Type – Avg Range / Avg True Range
  • Average Range Composition – Choose ranges that make up the Avg range calc
  • Timeframe - Period to use for ranges (default Daily)
  • Projections – Fixed – Size of the first fixed projection
  • Projections – Levels – Comma separated list of the other projections
  • Highlight Ratio –Current - Percentage at which the current range should be highlighted
  • Text ADR Title – Text to be used for the ADR title
  • Text Colour –Titles
  • Text Colour - Values
  • Text Colour - ADR Value
  • Text Colour - Highlight – Current
  • Lines Colour - High – Colour for high lines
  • Lines Colour - Low - Colour for low lines
  • Lines Prices – Show Prices at right side of lines on the chart. Hot-key “P”
  • Line Style – Target – Line style for target line before exhaustion
  • Line Style – Exhausted – Line style for target line after exhaustion
  • Line Style – Projections – Fixed
  • Line Style – Projections – Levels
  • Lines Projections – Fixed Thickness
  • Daily Range Start Hour (GMT) – Option to change the start hour of the day
  • Roll Sunday Range – Option to move Sunday range into Monday or Friday
Other parameters
  • Instance Id
  • Text Font
  • Text Size – Titles / Values
  • Text Size – Line Legends
  • Text Spaces
  • Text Start Column
  • Text Start Row
  • Alerts – Popup
  • Alerts – Email
  • Alerts – Notification
  • Alerts – Sound Wav File
  • Alerts – Startup Delay Seconds
  • Alert – Message Text
  • Alert Email – Subject
  • Alert Email – Body Text
  • Hot Key Map – Allows the user to reassign the hot-keys
    • “A” Show/hide the lines on the chart
    • “B” Switches Backtest mode on/off
    • “C” Clears all Blahtech indicator graphics from the chart. Pressing “C” again brings them back
    • “R” Resets the indicator. (Backtest mode and any hot-key values are reset)
    • “P” Shows Prices to the right of the chart lines
    • “\” Show/hide the legend text under the lines
  • Backtest Mode Expire Time (mins) - Set the number of minutes to wait before cancelling backtest mode (0 = no limit)
  • GMT Offset - Use Daylight Savings - Adjust the time by 1 hour if your local computer has switched to daylight savings mode
  • GMT Offset - Manual GMT offset in seconds. Set if your broker clock does not match expected session times
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zbairen985
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zbairen985 2021.08.25 15:06 
 

Author: Hello, I hope that after the new version you can extend the length of each row to cover the entire selected cycle or extend a portion of it, don't let each row grow as columns grow, because that would cause visual obstruction at the beginning of the selected cycle or near the new column clue lead

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Version 3.5 2022.05.12
- Fix multiple range calculations for lower timeframes
Version 3.4 2022.02.07
- Change Session Range tooltip to SR
- Add parameters to set thickness of solid lines for sessions and ranges
Version 3.3 2021.05.05
Enhancements
- Profiles - Add parameter "Clear Hotkeys On Terminal Close" to improve profile switching on MT5
- Offline Charts - Add support for offline charts and backtest tools with missing market data and unsynced current time

Fixes
- Reduce CPU usage of incremental calc when multiple ranges are enabled
- Mouse Events - Keep CHART_EVENT_MOUSE_MOVE enabled if other indicators are waiting on mouse events
Version 3.2 2021.04.20
Enhancements
- MT5 - Add support for extended timeframes
- Sessions Ranges - Display blue dotted lines above and below the current active session range
- Sessions Ranges - Add parameters for style and thickness of lines before and after range exhaustion
- Chart Zone Box - Add parameters to control line style and thickness of active daily range box

Fixes
- Backtest - Improve accuracy of end bars when backtesting session boxes
- Session Box - Resize active session box as soon as session range increases
- Projection Line Titles - Only display projection title text if lines are drawn
- Session Highlight Dominant - Change default ratio to 1.3 so dominant session is highlighted correctly

Performance
- Calculate - Reduce the number of ticks that trigger recalc and/or redraw
- Redraw - Remove ObjectsDeleteAll calls that slow other indicators with many objects
- iCustom Example - Only populate data each tick when indicator sets the changed buffer
Version 3.1 2021.03.04
Enhancements
- Parameters - Write simple list of changed parameters to experts log when Ctrl+Q keys are pressed
- Parameters - Create detailed report of changed parameters in Files/Blahtech directory to assist users and support

Fixes
- Expert Advisor Mode - Change to a single option named "Reserved For iCustom Calls"
Version 2.9 2021.01.20
- Movement - Added new statistics "Above Open" and "Below Open" to show directional movement on the day (Percent of ADR up and Percent of ADR down)
- Trending - Change colour of "Above" and "Below" statistics to orange at 100% to highlight a Trending day
- Range Zone - Add parameter "Chart Zone - Show" to draw a dotted grey box around the current day (min low to max high)
- Chart Zones - Add parameter "Ranges - Draw To End Time" to extend drawing of session zone boxes to the next candle (Default false)
- Hotkeys - Detect Shift key when pressing hotkeys to reverse order of hotkey change loops
- Text - Change default text size from 7 to 8 for clarity on 27 inch 1440p monitors
- Text - Change default Start Column from 16 to 15
Version 2.8 2019.06.19
Fixes
- Change Session Highlight default value from 1.5 to 1.0 (100%)
Version 2.5 2017.08.29
Enhancements
- Remember hotkey states when restarting terminal
- Support iCustom calls with 64+ parameters by using a set file
- Add reserved keys parameter to prevent clashes with other products
Version 2.4 2017.07.21
- Rebuilt with MetaEditor 1629 compiler to support MetaTrader cloud
Version 2.2 2017.03.23
- Changed all global variables to be constant expressions
Version 2.1 2017.03.23
- Rebuild with latest compiler for MetaTrader platform changes