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Custom Price Chart

The alternative representation of a price chart (a time series) on the screen.

Strictly speaking, this is not an indicator but an alternative way of visual interpretation of prices along with conventional ones - bars, candlesticks and lines.

Currently, I use only this representation of prices on charts in my analysis and trading activity.

In this visual mode, we can clearly see the weighted average price value (time interval's "gravity center") and up/down dispersion range. A point stands for (Open + High + Low + Close ) / 4, the upper dashed line is High, the lower one is Low.

We can clearly see price acceleration/deceleration, steady increase/decrease, various spikes reaching stop levels, chaotic movements, as well as range/flat areas. All this can also be seen when using candlesticks but I think that the offered representation is more comprehensible.


The following values are displayed:

  • Weighted average price - as a point.
  • High price value - as a dashed line above the point.
  • Low price value - as a dashed line below the point.
  • "Round" price levels - as dashed lines.

External parameters:

  • Points Size - point size (small/large).
  • Show Time Scale - show/hide the time scale on the current chart (Fig. 2).
  • Show Price Scale - show/hide price scale on the current chart (Fig. 2).
  • Show Round Levels - show/hide "round" price levels.
  • Round Levels Step in Points - distance between adjacent "round" levels in points - it is usually set as multiple of 500.
  • Up & Down Round Levels Number - number of displayed "round" price levels above and below the current price. If set to 4, the levels closest to price (4 below and 4 above) are displayed.
  • Chart Color Schema - indicator's color scheme. The following schemes are available: light/dark/black on white/white on black.

Below is the offer for active users and all those who keeps reading to this line.

If you have any interesting ideas for improving this or any other product I offer, then you'll get a big discount for any of my products if the idea is realized.

Please write all your suggestions on the Comments tab, so we can have a documentary proof of the ideas and see who the first author is.


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PipTick VSA is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool that we've ever made. PipTick VSA indicator is a really powerful analytical tool that generates very reliable trading signals. Because it is very user friendly and understandable, it is suitable for every type of trader, regardless of his experience. What is VSA? VSA - Volume Spread An
97 USD
Lighthouse MT5
Daniel Stein
⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat Lighthouse is an amazing precise and reliable support and resistance indicator. It displays the most important trading levels and draws them according to their relevance. If a level is clearly br
50 USD
Naked Forex Kangaroo Tail for MT5
Renaud Candel
Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Commodities, Metals, Cryptos. The Kangaroo Tail is a simple and very effective pattern to trade. The strategy that comes with the Kangaroo Tail is purely based on price action. Inputs : CandleSizeATR: filter signals depending on the size of candle (0.5 to 1.5 recommended range of values) TradeDirection (Long/Short/LongAndShort): filter signals for BUY and SELL Distance: distance in pixel relative to top or bot
147 USD
TrueSR Multi TF Support Resistance alert and panel
Behzad Movaghar
TrueSR indicator is a multi-timeframe panel and alert that finds nested support and resistance zones for all timeframes and gives alert when price has interaction with those zones. If you are using support and resistance (or supply and demand) zones in your trading strategy, this indicator and its alert and filtering system is a big time saver for you. Also doesn't matter what is your trading strategy, this indicator helps you to not caught in support and resistance zones. Indicator shows if pri
120 USD
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[Deleted] 2019.01.14 07:04 
 

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Gennadiy Voltornist
12016
Gennadiy Voltornist 2017.12.23 17:59 
 

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Daniel Andrejczuk
5722
Daniel Andrejczuk 2017.11.09 13:52 
 

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Nork
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Nork 2017.01.31 07:26 
 

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Sergey Petruk
1969
Sergey Petruk 2016.09.26 09:41 
 

Добрый день, Дмитрий!

Вопрос - а как вернуть привычный график баров-свечей после удаления этого индикатора?

И как дополнение, можно сделать отключаемую опцию - соединение линией одинаковых по цвету смежных точек - возможно это будет как то указывать на силу основного движения

прошло 3 мес. как работаю с этим индикатором. Вначале привыкал, счас, когда построил ТС с ним, уже другого не хочу. Один минус нельзя удалить или поменять цвета, линии полос отвечающих за хай и лоу бара.С ним желательно совместить параметры волатильности - предыдущего бара и за несколько баров.

Rodrigo da Silva Boa
7196
Rodrigo da Silva Boa 2016.03.11 04:51 
 

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[Deleted] 2014.05.16 11:02 
 

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Vadim Strelkov
7828
Vadim Strelkov 2014.04.04 09:43 
 

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