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Vital Zones

There is a free version available that only works on AUDUSD, is missing Alerts and doesn't have the ability to be used with Expert Advisors. You may find that limited version here to demo the indicator: https://www.mql5.com/en/market/product/49660

It is crucial to take areas of support and resistance into account when trading. Vital Zones calculates and displays support and resistance zones for you, taking the guess work out of the process.

Vital Zones will draw zones on your chart where price is more likely to slow and potentially reverse direction or breakout with force.

You can enable alerts for when you are in a zone, as well as when you are approaching a zone.

Use the indicator with your automated trading to check if near a vital level before entering a trade. Buffers for use with iCustom are listed on the About tab.

PARAMETERS

  • MinTouches: Minimum touches of a price level without closing above or below it before it is consider as a Vital Zone.
  • MaxZones: Maximum number of Vital Zones to display on the chart.
  • ZonesTimeframe: The Timeframe that the Vital Zones are calculated for. It can be the current timeframe, or any higher timeframe.
  • AutoCalcZoneSize: The indicator will calculate the size of zones based no price movement.
  • ZoneSizeMethod: If AutoCalcZoneSize is set to false, this option will allow you to specify whether you want the zone size to be a specific number of points, or based on a percentage of the price range.
  • ZonePoints: If AutoCalcZoneSize is set to false and ZoneSizeMethod is set to "Set Point Amount" this will be the point size of the zones.
  • ZonePercent: If AutoCalcZoneSize is set to false and ZoneSizeMethod is set to "Percentage of Chart" this will be the percentage of the chart that represents the size of the zones.
  • InZoneAlert: If set to true you will receive an alert once per bar if the price enters a Vital Zone.
  • ApproachAlert: If set to true you receive an alert once per bar when the price is within a set distance from a Vital Zone.
  • ApproachDistance: If ApproachAlert is set to true this will be the distance in points from a Vital Zone that will trigger the alert.
  • PopUpAlert: If set to true you will receive pop up alerts.
  • PushAlert: If set to true you will receive push notification alerts, if you have specified a MetaQuotes ID.
  • EmailAlert: If set to true you receive email alerts, if you have email set up.
  • AutoColor: If set to true zone color is calculated based on background color of chart.
  • ColorChange: If AutoColor is set to true this specifies the amount to change color from background color. Set a higher value to increase the difference, or a lower number to decrease the difference.
  • CustomColor: If AutoColor is set to false this specifies which color to use for zones.

Happy trading!

iCustom Snippets

double   inZone      =  iCustom(Symbol(), Period(), "\\Market\\Vital Zones", "", 3, 7, PERIOD_CURRENT, true, 1, 0);
double   nextAbove   =  iCustom(Symbol(), Period(), "\\Market\\Vital Zones", "", 3, 7, PERIOD_CURRENT, true, 2, 0);
double   nextBelow   =  iCustom(Symbol(), Period(), "\\Market\\Vital Zones", "", 3, 7, PERIOD_CURRENT, true, 3, 0);

Reviews 1
epicamj
139
epicamj 2020.05.06 19:06 
 

Very helpful. I will use this indicator on daily charts with 5 minimum touches. This manner I plot strong levels of price. This simplifies my analysis. Thanks.

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PipTick Effort Index indicator is based on the work of Karthik Marar, volume spread analysis trader. It compares the change in price (Result) to the size of volume (Effort) for a certain period of time. By comparing the effort and result we can get more information about the future price movement. Both values are normalized and converted to scale of 0-100% based on a selectable look back period. The law of effort and result The law of effort vs. result states that the change in price of a tradin
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XCalper TFO MT4
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epicamj 2020.05.06 19:06 
 

Very helpful. I will use this indicator on daily charts with 5 minimum touches. This manner I plot strong levels of price. This simplifies my analysis. Thanks.

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Version 1.46 2020.05.12
Minor bug fixes.
Version 1.45 2020.05.12
Minor bug fixes.
Added ability to specify color of zones.
Version 1.41 2020.05.09
Minor bug fixes.
Version 1.4 2020.05.07
Minor bug fixes.
Version 1.3 2020.05.06
Changed the way zones are named to allow indicator to be loaded more than once per chart.
Version 1.2 2020.05.06
Minor bug fix to speed up indicator.
Version 1.1 2020.05.06
Minor bug fix to prevent indicator buffer values from displaying on the chart.