Trading box Rectangle extender MT5

5

Place price Alerts on extended Rectangles and Trendlines - Risk reward indicator MT5

Extend Rectangles & Trendlines to the right edge

Mark your supply demand zones with extended rectangle and draw support resistance lines with extended trendline.

Find detailed manuals here. Find contacts on my profile.

MT4 Rectangle extender indicator will simplify and make it easier for you to analyze markets and stay notified about important events. When you extend rectangle or trendline the action buttons will be shown (Alert, Engulf, Risk Reward). You will receive alert and mobile push notification when price touch or break (engulf) rectangle or trendline.


Smart Rectangle Extender or Zone Extender

Rectangles and Trendlines will be extended into future with one click. Rectangle pip size, name and prices will be displayed around rectangle


Price Alert and Engulf Alert

Price Alert and Engulf detection in Rectangle extender are supported with MT4 mobile push notifications and email alert. Phone alert or smartphone alert for price level alert  Trendline alert and line alert. rectangle reader indicator


Flat trendline

Button that will change trendline to horizontal flat trendline


Show object name

Text button that gives options to display rectangle or trendline text in all possible spots around or inside object. This works for non-extended rectangles and trendlines where we would like to have object name displayed in suitable place around or inside object. (rectangle indicator, rectangle zone)


Risk reward ratio calculation

You can enable Risk Reward (RR) calculation with click on button Buy RR or Sell RR. Horizontal line will be displayed, and it will show Risk Reward ratio and pip distance between extended rectangle and horizontal RR line. You can select and move horizontal RR line to get your risk reward calculation information


Pip distance in brackets

It calculates pip difference between Bid and object price and display it at the right side of extended object


Timeframe colors for extended rectangle and trendline (multi timeframe analysis support)

User can define different colors for timeframe groups (separately for rectangles or trendlines):

Color 1: M1, M5, M15

Color 2: M30, H1, H4

Color 3: D1, W1, MN


Indicator customization

Trader can customize MT4 rectangle extender indicator with input properties. You can change colors, font size, element display position and some other features


Input property Description
Bring Alerted chart to the top True or false
Show pip distance in brackets True or false
Show object prices Show or hide prices on the right side of rectangle or trendline
Show buttons Show or hide buttons on the right side of selected rectangle or trendline
Show rectangle pip size Show or hide rectangle pip size
Fill extended rectangle When you extend rectangle, it will be filled with background color if variable is set to true
Supply rectangle color Default color for rectangles that are extended above bid price
Demand rectangle color Default color for rectangles that are extended below bid price
Extended trendline color We can set default color of extended trendline
Extended trendline style We can set default line style of extended trendline
Risk Reward text alignment We can display Risk Reward ratio calculation on left or right side of chart
Selected object buttons position Vertical or Horizontal
Rectangle pip size position Left, Right, Top or Bottom


Reviews 4
Dura Radisic
440
Dura Radisic 2023.06.10 09:33 
 

Masterpiece, very useful !

I use this tool for ICT mark ups, FVG's, NWOG and liquidity areas on higher TF's to see where I'm at on the lower TF.

Straight trendlines every time on MT what a relief!

Exactly what was needed without having to go with tradingview.

ozcoz
280
ozcoz 2021.03.02 00:44 
 

Excellent indicator. I don't like horizontal lines in MT5 because you can't see the start point, flat trendlines are nearly impossible to draw, so this indicator solves that with a simple click. The zone extender ensures that I have a tidy chart with zones extended a little beyond current price, a huge time saver for me. I made a comment for improvement and the change was implemented immediately, thanks for your work.

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PZ TRADING SLU
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Unlock hidden profits: accurate divergence trading for all markets Tricky to find and scarce in frequency, divergences are one of the most reliable trading scenarios. This indicator finds and scans for regular and hidden divergences automatically using your favourite oscillator. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to trade Finds regular and hidden divergences Supports many well known oscillators Implements trading signals based on breakouts Displays
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Bafana Tshabalala
42
Bafana Tshabalala 2024.12.20 23:04 
 

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Dura Radisic
440
Dura Radisic 2023.06.10 09:33 
 

Masterpiece, very useful !

I use this tool for ICT mark ups, FVG's, NWOG and liquidity areas on higher TF's to see where I'm at on the lower TF.

Straight trendlines every time on MT what a relief!

Exactly what was needed without having to go with tradingview.

Fx Nuggets
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Bongani Lizwe Mthunzi 2023.03.02 00:50 
 

User didn't leave any comment to the rating

ozcoz
280
ozcoz 2021.03.02 00:44 
 

Excellent indicator. I don't like horizontal lines in MT5 because you can't see the start point, flat trendlines are nearly impossible to draw, so this indicator solves that with a simple click. The zone extender ensures that I have a tidy chart with zones extended a little beyond current price, a huge time saver for me. I made a comment for improvement and the change was implemented immediately, thanks for your work.

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