Price Action Boxes MT5

Price Action Boxes MT5 is a 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 cut wick and consolidation zones. Consolidations can cut imbalance and wick zones. Zones that become too small after interaction are removed, so the chart stays focused on the active 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 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 cuts another box.
• Automatic deletion when the remaining box height is below 30% 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.

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.