STDV Range Projections

  • Indicators
  • Burak Koc
    Burak Koc
    VexAlgo builds rule-based Expert Advisors for MetaTrader 5, with clear rules, defined risk and honest explanations. No martingale, no grid, no promises. Trading involves a risk of loss. Past results do not predict future results.
  • Version: 1.0
  • Activations: 10

STDV Range Projections measures a reference leg and draws multiples of its size above its high and below its low. The leg can be the previous candle of a chosen timeframe or a session range defined in GMT hours.

What it shows

  • The leg high and low, and optionally its 50%.
  • Projection lines at the multiples you choose (1, 2, 2.5 and 4 by default) above and below the leg.
  • Labels with the multiple on each line, and the last legs kept on the chart for review.

How it works

  • Candle mode: the leg is the last closed candle of the chosen timeframe (D1 by default) and projections are drawn over the next candle.
  • Session mode: the leg is the range between two GMT hours; the server offset and US daylight saving setting convert them to server time.
  • Projections are measurements of past range, not price targets.

Inputs

  • Leg source, candle timeframe, session hours, server GMT offset.
  • Multiples (comma separated), 50% line, legs to keep, colors.

Limits. This is a visual tool. It does not predict prices, does not place trades and gives no guarantee of results. Levels and marks describe past price action only. Trading carries a risk of loss.

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Candle Range Theory Levels draws the range of each closed higher timeframe candle (high, low and 50%) over the candle that follows it, and marks the moments when that next candle takes one side of the range and closes back inside. What it shows High, low and midpoint of every closed candle of the chosen timeframe (H4 by default), projected over the next candle. A mark when the following candle trades above the previous high and closes back inside the range, or below the previous low and closes b
HTF Opens and PO3 Candles puts higher timeframe information directly on your lower timeframe chart: the H1, H4, daily and weekly opening prices, and the higher timeframe candles drawn behind price. What it shows Opening price lines for H1, H4, D1 and W1, each with its own color and on/off switch. Higher timeframe candles (H4 by default) drawn as transparent bodies and wicks behind the chart. For each closed higher timeframe candle, a label with its path: OHLC (high made before low) or OLHC (low
Session Volume Profile draws a horizontal profile for each trading session, built from M1 bars, with the point of control (POC) and the value area high and low. What it shows A histogram per session showing where the most activity took place. The POC (row with the most activity) and the value area lines (VAH and VAL) containing the chosen share of the profile, 70% by default. Volume mode (tick volume) or TPO mode (time spent at each price). How it works Each M1 bar's volume is spread evenly over
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