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AccumZone

40 USD

Demo downloaded: 63

Published: 13 February 2018

Current version: 1.0

AccumZone

Indicators
Vasiliy Pushkaryov
Version: 1.0
Activations: 10

The indicator finds price accumulation areas in a specified price range and time interval. By setting time to 10-18:00 and area width to 40 points, the indicator finds the area having the specified width that was most often touched by the candles in this time interval. Until 19:00, the area within the current day can move. With the first tick from 19:00, the main area is fixed and not re-painted. If Continue zone is enabled, the area having another color is set on this level after fixing the main area up to 18:00 of the next day. This channel can be interpreted as a support, resistance or re-test level.

The indicator works on M1-H1 timeframes. The screenshots provide some options of applying the indicator. It can also be used as a support/resistance level.

General settings

Time start - time in each new day for starting the countdown of price clusters (00-23:00);
Time end - time in each new day for ending the countdown of price clusters (00-23:00);
Channel width in points - area width touched by the price;
Color of the main zone - main area price (make sure to set different colors on a single chart for two and more indicators);
Continue zone on/off - extend the area until the next day specified by 'Time end' of another color;
Alert after crossing the border - trigger a message after an upper or lower border of the area is crossed;
Sound after crossing the border - trigger a signal after an upper or lower border of the area is crossed;
history - number of bars back to history to be analyzed for accumulation areas.

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