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.