Price Action Boxes MT5

Paid release: Price Action Boxes MT5 is a paid MetaCoderStore indicator. Use the product comments for setup questions, feature requests, and feedback for future updates.

FVG Pro bundle offer: This indicator is included in Fair Value Gap Pro MT5. The bundle combines Classic FVG, Inversion FVG, Opening Range FVG, Silver Bullet FVG, Price Action FVG, and automatic dominant-cycle logic. The five individual FVG indicators cost 150 USD separately; FVG Pro is 49 USD, saving 101 USD.

Price Action Boxes MT5 is a 30 USD premium MT5 indicator that maps three price-action zones on the chart: wick rejection boxes, FVG/imbalance boxes, and choppiness-based consolidation boxes.

The important part is how the boxes interact. Imbalances can trim wick and consolidation zones. Consolidations can trim imbalance and wick zones. Small overlaps are ignored, nested zones can remain visible, and oversized same-type merges are limited so the chart stays focused on areas that still matter.

Use it to spot:

• Large rejection wicks that can act as supply or demand zones.
• Fair value gap / imbalance areas with ATR-based minimum size.
• Choppy consolidation ranges before expansion.
• Clean remaining zones after overlaps, fills, and interaction rules are applied.
• Areas where several smart-money conditions appear close together.

What it shows:

• Blue wick rejection boxes.
• White imbalance / FVG boxes.
• Red consolidation boxes.
• Low-opacity box fills blended with the chart background so overlapping zones are easier to identify.
• Historically rebuilt zones when the indicator is loaded.
• Hidden buffers for EA and strategy integration.

Main features:

• ATR-filtered wick zones.
• ATR-filtered bullish and bearish imbalances with a configurable minimum FVG size.
• Shared imbalance merging for cleaner combined FVG zones when areas overlap, even when they were not created next to each other.
• Choppiness Index consolidation detection.
• Nearby imbalance merging when the vertical gap is small enough.
• Merge protection for nearby separate zones when another wick or consolidation was created between two imbalances.
• Automatic resizing when an imbalance or consolidation meaningfully overlaps another box.
• Small cross-type overlaps are left untouched so useful nearby zones remain visible.
• Same-type merge expansion limit to prevent one box from swallowing too much structure.
• Automatic deletion only when the remaining box height is below 20% of the original height.
• Maximum box count per type to keep the chart readable.

Basic use:

1. Add the indicator to any MT5 chart.
2. Start with the default settings.
3. Watch how wick, FVG, and consolidation zones are reduced or removed when they interact.
4. Use your own market structure, session, entry, and risk rules for confirmation.

Inputs:

• ATR_Period : ATR period used by wick and imbalance filters.
• WickBodyDivisor : controls how strong a wick/body rejection must be before a wick zone is drawn.
• ImbalanceMinATR : minimum FVG size as an ATR multiplier, used to keep imbalance boxes focused on stronger displacement moves.
• MaxBoxesPerType : maximum boxes kept for each box group.
• HistoricalBars : bars used to rebuild boxes when the indicator loads.
• CI_Length : Choppiness Index calculation period.
• CI_TriggerHigh : CI level that starts a consolidation zone.
• CI_ExitLow : CI level that ends the choppy state.
• CI_RangeBars : bars used to size a consolidation box.
• ImbMergeGapATR : ATR multiplier used to merge nearby imbalances into cleaner movement zones.
• BoxFillOpacity : transparency of the filled box background.
• SameTypeMergeMaxExpand : limits how much a same-type merged box can expand beyond the source zones.
• InteractionMinOverlapFrac : minimum overlap fraction needed before cross-type boxes resize each other.

Buffers:

• Buffer 0: low wick midpoint.
• Buffer 1: high wick midpoint.
• Buffer 2: low imbalance midpoint.
• Buffer 3: high imbalance midpoint.
• Buffer 4: consolidation midpoint.
• Buffer 5: box type code. 1 = wick, 2 = imbalance, 3 = consolidation.

Risk note: this indicator is a technical analysis tool. It does not guarantee profitable trades. Always test settings first and use proper risk management.

Signals

• Green arrows mark bullish support or target zones created by low wicks and bullish imbalance boxes.
• Red arrows mark bearish resistance or target zones created by high wicks and bearish imbalance boxes.
• Consolidation box signals are exposed in the hidden signal buffer as neutral structure zones.
• Signal buffer values: 1 low-wick support, 2 bullish imbalance, 3 consolidation, -1 high-wick resistance, -2 bearish imbalance, 0 no signal.