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  • Reviews (9)
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PriceAction Zone

This indicator will be useful for those who trade from support and resistance levels. We know that a level is not an accurate line, but a price zone. And the zone can be broken through or broken out from, when the price interacts by this zone.

Many successful traders use support and resistance levels in their trading activities.

The PriceAction Zone indicator recolors rectangle in corresponding to the current TF color. And marked zones from lower periods are hidden. You can specify a color of any time frame from М1 to W1 in settings. You can also repaint the zone in infinity to make the operation easier.

You can use the indicator both with manual trading and along with EAs using Rectangle object. All chart's objects have unified names specifying periods they have been painted in.

Matthew Todorovski
13499
Matthew Todorovski 2018.06.12 15:46 
 

User didn't leave any comment to the rating

Tim Eubanks
4876
Tim Eubanks 2018.03.16 13:16 
 

Indicator needs work, zones take up the whole screen!

Ali irwan
5214
Ali irwan 2017.07.23 13:04 
 

User didn't leave any comment to the rating

Bruno Part
98
Bruno Part 2017.07.15 07:53 
 

User didn't leave any comment to the rating

keezergeezer
14
keezergeezer 2017.04.15 19:20 
 

I'm new to MT4, but I watched the video and saw that the action zones are drawn in manually as rectangles (insert/shapes/rectangle) The colour is automatically set to the colour set for the timescale you are working in, set within the price action indicator "inputs" tab.

Rectangles drawn in a higher timeframe appear in lower timeframe e.g weekly appears in daily chart and 4hr etc, but daily price action doesn't work back to weekly, presumably to stop higher timeframes being cluttered with less relevant zones.

The draw rectangle automatically project as future action zones.

Hope this helps :)

Vladimir .G
36
Vladimir .G 2016.10.15 13:07 
 

Полезный индикатор, но думаю надо чтобы он подписывал таймфрейм в описании прямоугольника, чтобы при самостоятельной смене цвета не запариваться и не вспоминать на каком ТФ какой цвет.

Aravind
2812
Aravind 2016.07.16 01:54 
 

User didn't leave any comment to the rating

Francis Dogbe
10017
Francis Dogbe 2016.04.21 06:44 
 

Nothing here. Cant see the zones

cvdestyfx
461
cvdestyfx 2015.08.23 07:34   

Doesn't work. No zones show up on charts.