ProTrade Technical Assistant
- Utilità
- Cain De Bruin
- Versione: 1.5
ProTrade Technical Assistant
Product Overview
ProTrade Technical Assistant is a professional technical analysis indicator for MetaTrader 5 that automatically detects and draws key market structure elements directly on your chart. This all-in-one toolkit identifies Support/Resistance zones, Fair Value Gaps (FVG), and Fibonacci retracement levels, all controlled through convenient on-chart toggle buttons.
This indicator is designed for price action traders, institutional-style traders, and anyone who wants automated market structure detection without manual drawing. All features can be enabled or disabled in real-time without reattaching the indicator.
Key Features
Automatic Support & Resistance Zones
- Scans recent price action to identify significant swing highs and lows
- Draws filled rectangular zones at key price levels
- Color-coded labels distinguish Support (SUP) from Resistance (RES)
- Configurable zone width, sensitivity, and minimum distance between zones
- Updates automatically as new price data develops
Fair Value Gap (FVG) Detection
- Automatically identifies 3-candle imbalance patterns
- Bullish FVGs displayed in lime green
- Bearish FVGs displayed in red
- Option to hide filled FVGs (where price has already traded through)
- Minimum size filter to avoid insignificant gaps
- Filled rectangular zones for clear visual identification
Auto Fibonacci Retracement
- Scans configurable lookback period (default 200 bars) for highest high and lowest low
- Automatically determines trend direction
- Draws horizontal lines at key Fibonacci levels: 0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%
- Individual toggles for each Fibonacci level
- Percentage labels for quick reference
- Always based on most recent significant swing points
Interactive Toggle Dashboard
- Compact panel showing active feature count
- Real-time status indicator (Active/Idle)
- Color-coded status for each feature (green=active, red=inactive)
One-Click Control Buttons
- S/R: Toggle Support/Resistance zones on/off
- FVG: Toggle Fair Value Gap detection on/off
- Fib: Toggle Fibonacci levels on/off
- Clear: Remove all drawings from chart
- Refresh: Recalculate and redraw all zones
- Chart: Apply custom chart appearance settings
Chart Customization
- Professional color schemes for candles and chart elements
- Configurable grid, ticker, and price line visibility
- Volume display options (tick or real volume)
- Auto-apply option on initialization
How To Use
Step 1: Attach the indicator to any chart in MetaTrader 5. The dashboard and control buttons will appear automatically.
Step 2: Configure feature settings. Adjust Support/Resistance sensitivity, FVG minimum size, and Fibonacci lookback period according to your trading style.
Step 3: Toggle features on/off. Use the S/R, FVG, and Fib buttons to show or hide specific features without reattaching the indicator.
Step 4: Customize appearance. Adjust zone colors, transparency, line styles, and label visibility to match your preferences.
Step 5: Apply chart settings. Use the Chart button to apply professional color schemes, or configure individual chart appearance settings.
Step 6: Refresh as needed. Click Refresh to recalculate all zones based on current price data, or Clear to remove all drawings.
Input Parameters
Global Settings
- ShowDashboard: Enable or disable the on-chart dashboard
- AutoRefresh: Enable automatic zone updates on new bars
- MaxHistoryBars: Maximum bars to scan for patterns
Support/Resistance Settings
- EnableSRZones: Activate Support/Resistance detection
- SRLookback: Bars to scan for swing highs/lows
- SRMinTouches: Minimum touches to validate a level
- SRZoneColor: Color for S/R zones
- SRZoneWidthPips: Width of each zone in pips
- SRMinDistancePips: Minimum distance between separate zones
- SRShowLabels: Show Support/Resistance labels
Fair Value Gap Settings
- EnableFVG: Activate FVG detection
- HideFilledFVG: Hide FVGs that price has already traded through
- BullishFVGColor: Color for bullish FVG zones
- BearishFVGColor: Color for bearish FVG zones
- FVGMinSizePips: Minimum FVG size to display
- FVGShowLabels: Show FVG labels
Fibonacci Settings
- EnableFibonacci: Activate Fibonacci retracement
- FibLookback: Bars to scan for high/low points
- FibLineColor: Color for Fibonacci lines
- FibLineWidth: Line thickness
- FibLineStyle: Line style (solid, dot, dash)
- FibShowLabels: Show percentage labels
- Individual Level Toggles: Enable/disable 23.6%, 38.2%, 50%, 61.8%, 78.6%
Chart Appearance Settings
- ChartBackground, ChartForeground, ChartGrid: Chart colors
- ChartUpColor, ChartDownColor: Price movement colors
- BullCandleColor, BearCandleColor: Candle colors
- ShowTicker, ShowOHLC, ShowGrid: Display options
- ShowBidPriceLine, ShowAskPriceLine: Price line visibility
- AutoApplyChartSettings: Apply settings on initialization
Dashboard Settings
- DashboardBG, DashboardText: Dashboard colors
- DashboardActive, DashboardInactive: Status indicator colors
Important Information
Technical Analysis Tool
This indicator is designed for technical analysis and market structure visualization. It does not generate trading signals or recommendations. All drawings are based on historical price data and mathematical calculations.
No Profit Promise
This indicator is a tool for technical analysis and chart visualization. It does not guarantee profits or improved trading performance. Trading foreign exchange and CFDs carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results.
Educational Purpose
The Support/Resistance zones, Fair Value Gaps, and Fibonacci levels drawn by this indicator are based on common technical analysis concepts. Users should understand these concepts before relying on them for trading decisions.
Testing Recommendation
Always test this indicator on a demo account before using in live trading. Verify that all features, settings, and calculations function as expected in your specific trading environment and on your preferred symbols/timeframes.
Compatibility
Designed exclusively for MetaTrader 5. Not compatible with MetaTrader 4. Requires no special broker permissions as this is an indicator (not an EA).
Performance Notes
- Auto-refresh occurs every 60 seconds to minimize CPU load
- Maximum history scan is configurable to balance accuracy with performance
- All drawings are automatically cleaned up when indicator is removed
Chart Customization Note
Price line colors (Bid, Ask, Last) are controlled by MetaTrader terminal settings, not by this indicator. Users must set these colors manually in Tools → Options → Charts if they wish to customize line colors. This indicator controls line visibility only.
System Requirements
- MetaTrader 5 build 2244 or higher
- Windows 7 or later operating system
- Adequate system resources for chart object rendering
Support
For questions regarding functionality, settings, or feature usage, please refer to the information printed in the Experts tab when the indicator initializes. Additional documentation is available in this product description.
Final Notes
ProTrade Technical Assistant is designed to assist traders with efficient market structure analysis and chart visualization. It is not a substitute for trading knowledge, market analysis, or sound money management principles. Users should ensure they understand all features and settings before relying on this indicator for trading decisions.
This indicator does not execute trades, manage positions, or provide trading signals. All trading decisions remain the sole responsibility of the user. Always trade responsibly and within your risk tolerance.
