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The idea of a Value Chart indicator was presented in the very good book I read back in 2020 , " Dynamic Trading Indicators: Winning with Value Charts and Price Action Profile ", from the authors Mark Helweg and David Stendahl. The idea is simple and the result is pure genius: Present candlestick Price analysis in a detrended way! HOW TO READ THIS INDICATOR Look for Overbought and Oversold levels. Of course, you will need to test the settings a lot to find the "correct" one for your approach.

This information indicator will be useful for those who always want to be aware of the current situation on the account. - More useful indicators The indicator displays data such as profit in points, percentage and currency, as well as the spread for the current pair and the time until the bar closes on the current timeframe. There are several options for placing the information line on the chart: - To the right of the price (runs behind the price); - As a comment (in the upper left corner

This indicator uses the chart information and your inputs to display the lot size and associated stop for long or short positions. It uses an ATR based percent volatility position sizing calculation. You can use this indicator to learn more about a better position size calculation than a fixed lot system. The indicator adds text directly to the chart to show you the current position size calculation, the risk % input, the ATR Range input, the ATR value from the prior bar, the account equity at r

Add a watermark in the background of your charts, containing the Stock Symbol followed by the current Timeframe, and the Symbol Description below it. Have you ever seen videos or screenshots of other platforms, boasting those great looking watermarks, and wondered why your MetaTrader5 doesn't have one? Well, I did... so I tried the very few options available in the Market at the time, but I still wanted to tweak everything exactly to my taste. So I developed my own solution, and now I am proud

Account Info EA It is a tool that presents on the graph all the positions of the account, and specific information concerning the positions, but also the account. It enables the user to have an image of his account at a glance. Use like any expert advisor. You can't attach it in the same chart with other expert advisor. It does not have the ability to open or manage positions. You can attach it on any chart and any timeframe.

SIMPLE AND QUICK CHART CLEANUP SCRIPT - FREE FOR ALL - EASY TO DRAG AND DROP ONTO THE CHART - A MUST HAVE IN MY EYES Everybody loves to draw on a chart! But cleaning is nobodies favor. Most of the time it will be faster to dump all and redraw the important part. Repetition makes you good! ALWAYS think about that! KEEP IT GROWING, ;-) I wish you a good day, Traders! If you need something, send me a message. Best wishes to you from Vienna!

hello. The indicator shows the levels of change in the spread per unit of time when its values are higher. Practice shows that the change in volumes is associated with the warning and advance of speculative activity, especially at key moments: Fed news, oil news, speeches by leaders of the IDR countries.   We are very happy to present new developments. Thanks. 

A professional tool for trading - the divergence indicator between the  RVI and the price, which allows you to receive a signal about a trend reversal in a timely manner or catch price pullback movements (depending on the settings). The indicator settings allow you to adjust the strength of the divergence due to the angle of the  RVI peaks and the percentage change in price, which makes it possible to fine-tune the signal strength. The indicator code is optimized and is tested very quickly as p

Premium trend entry pro TZ Trade Logics, presents you,  the enhance version of Premium trend entry  This release, bring you much more relaxed trading state with advanced features for trend filtering and premium signal entry timings. For us, is not the creating of the product which matters! but continued maintenance and education to users. through our dedicated means of reaching to us, you will enjoy close guide on how to use the product and other relevant training related to trading.  This tradi

Are you tired of drawing trendlines every time you're analyzing charts? Or perhaps you would like more consistency in your technical analysis. Then this is for you. This indicator will draw trend lines automatically when dropped on a chart. How it works Works similar to standard deviation channel found on mt4 and mt5. It has 2 parameters: 1. Starting Bar 2. Number of bars for calculation The   starting bar   is the bar which drawing of the trend lines will begin, while the   number of bars for c

The original author is David Weis, an expert in the Wyckoff Method. The Weis Wave is a modern adaptation of the 1930's Wyckoff Method, another expert in Tape Reading techniques and Chart Analysis. Weis Waves takes market volume and stacks it into waves according to price conditions giving the trader valuable insights about the market conditions. If you want to learn more about this subject you can find tons of videos in YouTube. Just look for "The Wickoff Method", "Weis Wave" and "Volume Spread

Idea I programmed this tool out of the necessity to be constantly informed about what is going on. Before I sometimes forgot to set a stopp loss, this is impossible with this tool. Further this tool allows you to make distributed entries, eg. with a first feeler with 0.1 contracts and when the direction is the right one you just put more contacts into the game. Money- and risk management is built in. If you use more then the predetermined number of contracts there is a warning. You are constantl

The Penta-O is a 6-point retracement harmonacci pattern which usually precedes big market movements. Penta-O patterns can expand and repaint quite a bit. To make things easier this indicator implements a twist: it waits for a donchian breakout in the right direction before signaling the trade. The end result is an otherwise repainting indicator with a very reliable trading signal. The donchian breakout period is entered as an input. [ Installation Guide | Update Guide | Troubleshooting | FAQ | A

Market Profile 3 MetaTrader 5 indicator  version 4.70— is a classic Market Profile implementation that can show the price density over time, outlining the most important price levels, value area, and control value of a given trading session. This indicator can be attached to timeframes between M1 and D1 and will show the Market Profile for daily, weekly, monthly, or even intraday sessions. Lower timeframes offer higher precision. Higher timeframes are recommended for better visibility. It is als

A professional tool for trading - the divergence indicator between the  Stochastic and the price, which allows you to receive a signal about a trend reversal in a timely manner or catch price pullback movements (depending on the settings). The indicator settings allow you to adjust the strength of the divergence due to the angle of the  Stochastic peaks and the percentage change in price, which makes it possible to fine-tune the signal strength. The indicator code is optimized and is tested ver

Library to add the Information Panel to your Expert Advisor for MetaTrader 5. We can not guarantee that the information and interface of the program will give you a profit on deals, but we will definitely say that even the simplest interface of the program can strengthen the first impression. Detailed description and instructions for adding our panel to your Expert Advisor are in our blog: LIB - EAPADPRO Step-by-step instruction Detailed description of our panel and instructions for using EAPADP

Сonverter for historical data files(TICKS) from external sources like ducascopy or others sources of non-standard .csv quotes. The output format is compatible with MetaTrader5 and can be imported to MetaTrader5. The script can process multiple files(batch), see parameter "Convert all files in folder Files/FrankEditor". User can choose output timeframe, months and other options. Input files should contain raw tick data and look like(UTC or EET time): GBPUSD_Ticks_2014.01.01_202

Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T

This is a demo version of a non-trading expert , which utilizes so called the custom symbols feature ( available in MQL as well ) to build renko charts based on historical quotes of selected standard symbol and to refresh renko in real-time according to new ticks. Also it translates real ticks to the renko charts, which allows other EAs and indicators to trade and analyze renko. Place the EA on a chart of a working instrument. The lesser timeframe of the source chart is, the more precise resulti

The Rayol Code Hour Interval Lines indicator was  designed to assist your trading experience.  It  draws the range of hours chosen by the user directly on the chart, so that it enables traders to visualize price movements during their preferred trading hours, providing  traders a more comprehensive view of price movements and market dynamics. This indicator allows the user to choose not only the Broker's time, but also the Local time. This way, the user no longer needs to calculate local time in

Introducing the Moving average crossing template which is an Expert advisor template utility for two moving averages for the the cross over strategy where it enters trades based on the crossing of your specified  moving moving averages. You can select the fast moving average and the slow moving average values of your choice. you can choose your preferred trade volume.  you can  choose your preferred number of trades to execute. you can add your stop loss and take profit join my channel for free

Volume Profile is a very useful indicator . it allows you to spot the price levels where important price action took place. It is similar to support and resistance levels but with a different logic. ( Check Out  Fixed Range Volume Profile MT5  ) One of the first thing that traders mark up when analyzing a chart is support and resistance. Volume Profile can be used for doing that too. The indicator scans the defined number of previous bars and calculates the volume of activity at each price

Order Book, known also as Market Book, market depth, Level 2, - is a dynamically updated table with current volumes of orders to buy and to sell specific financial instument at price levels near Bid and Ask. MetaTrader 5 provides the means for receiving market book from your broker, but in real time only, without access to its history. This expert adviser OrderBook History Playback allows you to playback the market book events on the history using files, created by OrderBook Recorder . The exper

Le Matrix Arrow Indicator Multi Timeframe Panel MT5 est un complément gratuit et un atout majeur pour votre Matrix Arrow Indicator MT5 . Il montre le signal Matrix Arrow Indicator MT5 actuel pour 5 périodes personnalisées par l'utilisateur et pour 16 symboles/instruments modifiables au total. L'utilisateur a la possibilité d'activer/désactiver l'un des 10 indicateurs standard dont se compose l' Indicateur de Flèche Matricielle MT5 . Tous les 10 attributs d'indicateurs standard sont également ré

Bienvenue dans notre   modèle de vague de prix   MT5 -- (modèle ABCD) -- Le modèle ABCD est un modèle de trading puissant et largement utilisé dans le monde de l'analyse technique. Il s'agit d'un modèle de prix harmonique que les commerçants utilisent pour identifier les opportunités potentielles d'achat et de vente sur le marché. Avec le modèle ABCD, les traders peuvent anticiper les mouvements de prix potentiels et prendre des décisions éclairées sur le moment d'entrer et de sortir des tra

The idea of the system is to indentify the reversal patterns using the calculation of the composite candle. The reversal patterns is similar to the "Hammer" and "Hanging Man" patterns in Japanese candlestick analysis. But it uses the composite candle instead the single candle and doesn't need the small body of the composite candle to confirm the reversal. Input parameters: Range - maximal number of bars, used in the calculation of the composite candle. Minimum - minimal size of the composite can

Introduction Auto Chart Alert is a convenient tool to set alert for your trading in your chart. With Auto Chart Alert, you can set the alert line in one click in your desired location in your chart. You can even set alert over the sloped lines in your chart. Auto Chart Alert is a great tool when you have to watch out importnat support and resistance levels for your trading. You can receive the sound alert, email and push notification when the price hit the alert line at you desired location. A

Wyckoff fans, enjoy! Ideally to be used with the Weis Waves indicator, but it can be easily used alone, the Waves Sizer puts the range (in resulting Price movement) done by the Price on its market swings. You can control how accurate or loose will be the swings. This tool is very helpful for visually know how much the Price has traveled in your Timeframe. This way you can confront this level of effort with the resulting Volume, etc... Weis Waves indicator: https://www.mql5.com/en/market/pro

This is a buyer and seller aggression indicator that analyzes the shape of each candle and project this data in a histogram form. There are 4 histograms in one. On the front we have two: Upper - Buyer force. Lower - Seller force. At the background we also have two histogram, both with same color. They measure the combined strenght of buyers and sellers. This histograms can be turned off in Input Parameters. It is also possible to have the real or tick volume to help on this force measurement. IN

This is a decorative utility that replaces the standard marks of completed deals with "Kingdom Come: Deliverance" game style markers. In addition to the graphic display of the price and time of the transaction, the notes also contain a textual representation of the transaction volume. Running utility Drag the utility from the Navigator window to the desired graph. The utility does not use input parameters and does not require configuration. All trademarks available on the chart will be replace

It helps to calculate the risk per trade, the easy installation of a new order, order management with partial closing functions, trailing stop of 7 types and other useful functions. Attention, the application does not work in the strategy tester. Manual, Description, Download demo Line function -   shows on the chart the Opening line, Stop Loss, Take Profit. With this function it is easy to set a new order and see its additional characteristics before opening.   Risk management  - The risk

Do you think that in markets where the price can change in a split second, placing orders should be as simple as possible? In Metatrader, each time you want to open an order, you have to open a window where you enter the opening price, stop loss and take profit, as well as the trade size. In trading the financial markets, capital management is essential to maintain your initial deposit and multiply it. So, when you want to place an order, you probably wonder how big a trade you should open? Wha

Trade Panel est un assistant commercial multifonctionnel. L'application contient plus de 50 fonctions de trading manuel et vous permet d'automatiser la plupart des actions de trading. Avant d'acheter, vous pouvez tester la version Démo sur un compte démo. Démo ici . Instructions complètes ici . Commerce . Vous permet d'effectuer des opérations de trading de base en un clic : Ouvrir les ordres et positions en attente. Clôturez les ordres et les positions en attente. Inversion de positions (fermer

Découvrez une expérience exceptionnellement rapide de copie de trades avec le   Local Trade Copier EA MT5 . Avec sa configuration facile en 1 minute, ce copieur de trades vous permet de copier des trades entre plusieurs terminaux MetaTrader sur le même ordinateur Windows ou Windows VPS avec des vitesses de copie ultra-rapides de moins de 0.5 seconde. Que vous soyez un trader débutant ou professionnel, le   Local Trade Copier EA MT5   offre une large gamme d'options pour le personnaliser en fonc

The product will copy all telegram signal to MT5 ( which you are member) , also it can work as remote copier.  Easy to set up, copy order instant, can work with almost signal formats, image signal,  s upport to translate other language to English Work with all type of channel or group, even channel have "Restrict Saving Content", work with  multi channel, multi MT5 Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. Support to backtest signal. How to s

Attention: You can view the program operation in the free version  YuClusters DEMO .  YuClusters is a professional market analysis system. The trader has unique opportunities to analyze the flow of orders, trade volumes, price movements using various charts, profiles, indicators, and graphical objects. YuClusters operates on data based on Time&Sales or ticks information, depending on what is available in the quotes of a financial instrument. YuClusters allows you to build graphs by combining da

Trade Manager pour vous aider à entrer et sortir rapidement des transactions tout en calculant automatiquement votre risque. Y compris des fonctionnalités pour vous aider à éviter le sur-trading, le trading de vengeance et le trading émotionnel. Les transactions peuvent être gérées automatiquement et les mesures de performances du compte peuvent être visualisées dans un graphique. Ces fonctionnalités rendent ce panneau idéal pour tous les traders manuels et contribuent à améliorer la plateforme

Trade Copier est un utilitaire professionnel conçu pour copier et synchroniser les commandesentre les comptes de trading. Les commandes sont copiées du compte/terminal du fournisseur vers le compte/terminal du destinataire, qui sont installés sur le même ordinateur ou vps. Avant d'acheter, vous pouvez tester la version démo sur un compte démo. Version démo ici . Instructions complètes ici . Principales fonctionnalités et avantages: Prend en charge la copie des commandes MT5> MT5, MT4> MT5, MT5>

MT5 to Telegram Signal Provider est un utilitaire facile à utiliser et entièrement personnalisable qui permet l'envoi de signaux spécifiés vers un chat, un canal ou un groupe Telegram, transformant ainsi votre compte en fournisseur de signaux. Contrairement à la plupart des produits concurrents, il n'utilise pas d'importations DLL. [ Démonstration ] [ Manuel ] [ Version MT4 ] [ Version Discord ] [ Canal Telegram ] Configuration Un guide utilisateur étape par étape est disponible. Aucune connai

Pro Arbitrage EA   trades based on Arbitrage Strategy. The strategy is like a scalping technology but on three cross currency pairs at the same time. Each trade basket involves three pairs (all open at the same time) and they will close at once when any desired profit reaches. The strategy has no SL technically because all opened currencies are hedged. SL can happen if high slippages on order execution on the broker side. So the strategy is one of the safest ones in the world. Using the EA : U

Tired of complex order placement and manual calculations? Trade Dashboard is your solution. With its user-friendly interface, placing orders becomes effortless, by a single click, you can open trades, set stop loss and take profit levels, manage trade lot size, and calculate risk to reward ratios, allowing you to only focus on your strategy. Say goodbye to manual calculations and streamline your trading experience with Trade Dashboard. Download   demo version   right now. You can find   deta

Présentation du   OrderManager   : Un utilitaire révolutionnaire pour MT5 Gérez vos transactions comme un pro avec le tout nouveau utilitaire Order Manager pour MetaTrader 5. Conçu avec simplicité et facilité d'utilisation à l'esprit, l'Order Manager vous permet de définir et de visualiser sans effort le risque associé à chaque transaction, vous permettant de prendre des décisions éclairées et d'optimiser votre stratégie de trading. Pour plus d'informations sur l'OrderManager, veuillez vous réfé

Copiez les signaux de n'importe quel canal dont vous êtes membre (y compris les canaux privés et restreints) directement sur votre MT5.  Cet outil a été conçu en pensant à l'utilisateur et offre de nombreuses fonctionnalités nécessaires pour gérer et surveiller les trades. Ce produit est présenté dans une interface graphique conviviale et attrayante. Personnalisez vos paramètres et commencez à utiliser le produit en quelques minutes ! Guide de l'utilisateur + Démo  | Version MT4 | Version Dis

Expert Advisor "Drawdown Limiter"  Vous êtes au bon endroit si vous recherchez un contrôle de drawdown, un limiteur de drawdown, une protection du solde, une protection de l'équité ou une limite quotidienne de drawdown en rapport avec les entreprises de gestion de capitaux (Prop Firm), FTMO, My Forex Fund, ou si vous souhaitez protéger votre compte de trading. Avez-vous déjà eu du mal à contrôler votre drawdown en tradant sur des comptes financés ? Cet EA est fait pour vous. Les entreprises d

-25% discount ($149 -> $111) Everything for chart Technical Analysis indicator mt5 in one tool Draw your supply demand zone with rectangle and support resistance with trendline and get alerts to mobile phone or email alert -  Risk reward indicator mt5 Video tutorials, manuals, DEMO download   here .   Find contacts on my   profile . 1.   Extended rectangles and trendlines Object will be extended to the right edge of the chart when price will draw new candles on chart. This is rectangle extend

This is exactly what the name says. Visual strategy builder . One of a kind. Turn your trading strategies and ideas into Expert Advisors without writing single line of code. Generate mql source code files with a few clicks and get your fully functional Expert Advisors, which are ready for live execution, strategy tester and cloud optimization. There are very few options for those who have no programming skills and can not create their trading solutions in the MQL language. Now, with Bots Build

Для оплаты рублями/криптой используйте Webmoney. Задай цели для цены, а для всего остального есть HINN Lazy Trader!   Инструмент предназначен для автоматического набора позиций от заданных уровней к заданным целям. Рекомендуется использовать VPS (*) Разработан для минимизации времени, проводимым за чартом, максимизации охвата торговых идей без необходимости контролировать что-либо. Призван стать идеальным инструментом для делегирования рутины, переложить бремя принятия решения и эмоциональный

-25% discount ($199 -> $149) Advanced trading tool: One click smart orders that execute under your conditions Developed by trader for trading community:  position size calculator (lot size), open position after price action, strategy builder, set and forget trading, mobile notifications... Risk Management -  Risk percentage position size calculator, gain percentage, target risk reward ratio, spread and commissions are included in calculations 7 Advanced order types  - Set and forget trading w

Le copieur commercial pour MT5 est un copieur commercial pour la plate-forme МetaТrader 5   . Il copie les transactions de change   entre       tous les comptes   MT5   -   MT5, MT4   -   MT5 pour la version COPYLOT MT5 (ou MT4   -   MT4 MT5   -   MT4 pour la version COPYLOT MT4) Copieur fiable ! Version MT4 Description complète   +DEMO +PDF Comment acheter Comment installer     Comment obtenir des fichiers journaux     Comment tester et optimiser     Tous les produits de Expforex Vous po

The added video will showcase all functionality, effectiveness, and uses of the trade manager. Drag and Drop Trade Manager. Draw your entry and have the tool calculate the rest. Advanced targeting and close portions of a trade directly available in tool (manage trades while you sleep). Market order or limit order on either side with factored spread. Just draw the entry, the tool does the rest. Hotkey setup to make it simple. Draw where you want to enter, and the stop loss, the tool calculates al

Le panneau de négociation est limité à la gestion des ordres - à la fois ouverts à l'aide de boutons et ouverts par l'utilisateur. Simple et pratique dans la Collection. Complétera tout acheteur. Je recommande de l'utiliser en tandem avec l'indicateur Gold Stuff. Configurez le trading en tant qu'ordres uniques et construisez une grille avec une distance. Pour créer une grille standard, définissez simplement une grande distance, telle que 10000. Les résultats en temps réel peuvent être consult

The top-selling EAs on the market cost a lot and one day they are suddenly gone. This is because one strategy will not work in the forex market all the time. Our product is unique from all others in the MQL Marketplace because our EA comes with 34+ built-in indicators that allow develop strategies every time.  You build your strategy and keep updating it. If one strategy does not work, simply build another all using only one EA. This is All-In-One EA   in this market place. You can use as trade

Grid Manual est un panneau de trading permettant de travailler avec une grille d'ordres. L'utilitaire est universel, possède des paramètres flexibles et une interface intuitive. Il fonctionne avec une grille d'ordres non seulement dans le sens des pertes, mais aussi dans le sens de l'augmentation des profits. Le commerçant n'a pas besoin de créer et de maintenir une grille d'ordres, l'utilitaire le fera. Il suffit d'ouvrir une commande et "Grid Manual" créera automatiquement une grille de comman

Panneau de trading pour trader en 1 clic.   Travailler avec des positions et des commandes!   Trading à partir du graphique ou du clavier. Avec notre panneau de trading, vous pouvez exécuter des transactions en un seul clic directement depuis le graphique et effectuer des opérations de trading 30 fois plus rapidement qu'avec le contrôle MetaTrader standard. Les calculs automatiques des paramètres et des fonctions rendent le trading plus rapide et plus pratique pour les traders. Des conseils grap

Expert Advisor Risk Manager pour MT5 est un programme très important et, à mon avis, nécessaire pour chaque commerçant. Avec cet Expert Advisor, vous pourrez contrôler le risque de votre compte de trading. Le contrôle des risques et des bénéfices peut être effectué à la fois en termes monétaires et en termes de pourcentage. Pour que l'Expert Advisor fonctionne, attachez-le simplement au tableau des paires de devises et définissez les valeurs de risque acceptables dans la devise du dépôt ou

50% Off Today Only! Price Goes Back Up at 11 PM (EST) Marketkeys Trade Manager EA for MT5: Your Pathway to Forex Trading Mastery What Traders Are Saying: "Much better than lots of other trade managers I've tested..." – R Vdr "Saves me time from manually calculating lots sizes and risks...amazing support." – Richard Obi Efficiency and precision are paramount in Forex trading. Marketkeys Trade Manager EA for MT5 offers just that - a seamless interface combined with robust risk management tools

Le MT5 to Discord Signal Provider est un outil convivial et entièrement personnalisable conçu pour envoyer directement des signaux de trading à Discord. Cet outil transforme votre compte de trading en un fournisseur de signaux efficace. Personnalisez les formats de messages pour qu'ils correspondent à votre style ! Pour plus de facilité, choisissez parmi des modèles pré-conçus et décidez quels éléments du message inclure ou exclure. [ Démo ] [ Manuel ] [ Version MT4 ] [ Version Telegram ] Conf

Ce produit filtre tous les conseillers experts et les graphiques manuels pendant les heures de publication des actualités, de sorte que vous n'avez pas à vous soucier des pics de prix soudains qui pourraient détruire vos configurations de trading manuelles ou les transactions entrées par d'autres conseillers experts. Ce produit est également livré avec un système de gestion des ordres complet qui peut gérer vos positions ouvertes et vos ordres en attente avant la publication de toute actualité.

Le gestionnaire UTM est un outil intuitif et facile à utiliser qui offre une exécution rapide et efficace des transactions. L'une des fonctionnalités les plus remarquables est le mode "Ignore Spread", qui vous permet de négocier au prix des bougies, en ignorant complètement les spreads (par exemple, permet de négocier des paires de spreads plus élevés sur LTF, évitez d'être retiré des transactions par spread). Un autre aspect clé du gestionnaire UTM est son copieur de commerce local unique, perm

ADAM EA Special Version for FTMO Please use ShowInfo= false for backtesting ! Our 1st EA created using ChatGPT technology Trade only GOOD and checked PROP FIRMS  Default parameters for Challenge $100,000 Tested on EURUSD and GBPUSD only  Use 15MIN Time Frame Close all deals and Auto-trading  before Weekend at 12:00 GMT+3  Friday For Prop Firms MUST use special Protector  https://www.mql5.com/en/market/product/94362 Signal using ADAM  https://www.mql5.com/en/signals/2190554 --------------------

The indicator based on Bollinger Bands parameters determines the bar's position and displays the value in the indicator window. When a bar closes below the lower Bollinger Bands line, the indicator value becomes negative. In such a case, one can expect an imminent market reversal and an upward movement. When a bar closes above the upper Bollinger Bands line, the indicator value becomes greater than 1. In such a case, one can expect an imminent market reversal and a downward movement. It

The custom Bollinger Bands Height indicator measures and displays the current state of the Bollinger Bands indicator, showing whether the bands are widening (moving away from each other) or narrowing (starting to converge). Contraction, indicated by the narrowing of the bands, suggests that the current market movement is losing momentum and hints at the potential start of a new strong movement. This can be a signal to look for an opportune moment to enter a position, as a sharp price change ma

The indicator has only one parameter - the number of bars for analysis. The indicator calculates statistics for when the market was moving down, when it was moving up, and the number of bars for each movement. From this data, the average number of bars is calculated, which is displayed in the indicator window. If the indicator values sharply decrease, then the market is preparing for an upward movement. If the indicator values persist at high levels for an extended period, then the market is pre