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Price Action Band

The indicator displays high and low Price Band computed from the period of time.

It also contains Price Box based on the both prices.

You can measure the box channel in a day by this Price Box and can observe the Price Action in the extended area of the Price Band.

Your trading decision will be concluded via watching the Price Action in the Band.


How To Use

There are two major external variables, BandSTime and BandETime.

This means the start time and the end time respectively to calculate the Price Band.

And the indicator measures the highest/lowest price within this period of time.

You can designate the time like this:

  • "0000", "1200"
  • "1045", "20" (= "1045", "2000")
  • "5", "17" (= "0500", "1700")
  • "0", "0" (= "0000"(yesterday), "0000"(today))
  • "20", "10" (= "2000"(yesterday), "1000"(today))

To use the time format as "1045", the timeframe of a chart should be M1 or M5 or M15.

If the BandSTime and BandETime are "5" and "12" (or "0500", "1200"), this means that the Price Band is determined from 05:00:00 to 11:59:59.

The BandETime itself is not included in the examine period.

The last two time formats are very interesting!

If you set the BoxSTime as greater or equal to BoxETime, BoxSTime is converted to the time of yesterday.

The "yesterday" is calculated based on trading day and the loss of bar or weekend gap is moderately considered.

The Price Box has two colors, one for the past bars and the other for the current bars.

If the current time is greater or equal to BoxSTime and less than BoxETime, the values of the Price Band and Price Box are adjusted correctly.

This is an indicator for day trading using box range. Set the range of time according to your favorite. It can be set within the Asia or Europe or New York session time or any period of time from any hour to any one. The minutes part is dependent on the time frame of a chart.

For example, you can set the BandSTime and BandETime to Asia and Europe session time (approximately "0000" ~ "0700" or "0" ~ "7", server time) and watch the action(moving) of the price within that period of time, then can decide to enter position expecting the direction at the New York session time.

This indicator helps you to figure out the price moving within the box range or after the range showing whether the price will

  • bounces at the band line
  • breaks out the band line (include rolling back to the band line and bouncing again or breaking back the line)
  • be locked in the box range

The Price Box (blue rectangle) is the box range reflecting the time period you set. See the price action in the Box and Band Line following the Box. You can get a hint.

Test it first using the strategy tester and you can find that this indicator is tested in all possible circumstances that can cause an error:

  • with past bars or current bars
  • absence of some bars in a week or between weeks
  • every tick or open price only
  • forward or reverse time designation

and this indicator:

  • jumps over the unnecessary calculation
  • adjusts already-calculated values when the current value records new high or low one


Inputs

Mandatory:

  • BandSTime: Start time to calculate the Price Band ("0000")
  • BandETime: End time to calculate the Price Band ("1200")

Optional:

  • TakePrice: Price taken to calculate the Price Band (Open_Close, Hi_Low)
  • ShowLine: Shows the Price Band (true)
  • SeamlessLine: Shows all parts of the Price Band (true)
  • DailyLine: Keep constant value of the Price Band in a day (true. No effect when SeamlessLine=false or BandSTime>=BandETime)
  • LineStyle: Line style of the Price Band (STYLE_DOT)
  • ShowBox: Shows the Price Box (true)
  • FilledBox: Fill the Price Box (true)
  • BoxStyle: Line style of the Price Box (STYLE_DOT)
  • BoxColorBeforeETime: Color of the Price Box for the current bars (Chocolate)
  • BoxColorAfterETime: Color of the Price Box for the past bars (Blue)

I launched a signal using my own time pattern with this indicator.

Go to "Signals - MetaTrader 4" and click "Filter" (at the right end of the page) and type "Time Pattern" and then press Enter. You will find it.

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A VELOCIDADE DE TRANSAÇÃO é o indicador da mais alta qualidade que mostra onde e quando grandes ordens se acumulam no mercado e os benefícios disso. Detecta mudanças de tendência numa fase muito precoce. É simultaneamente um indicador e um sistema de negociação. O conceito é único e incrivelmente lucrativo. No Forex, o volume de ticks é erroneamente chamado de volume. Na verdade, é a variação de preço por unidade de tempo, que de facto é a VELOCIDADE DE TRANSAÇÃO. Este indicador revê completa
Max Paynex
Abdulkarim Karazon
Max Payne é um indicador de sinal de reversão/tendência que emite sinais em forma de seta, este indicador emite seu sinal no fechamento da mesma barra, este indicador pode cair várias vezes no gráfico com períodos diferentes para obter confirmação dupla/tripla dos sinais o indicador é altamente ajustável para se adequar a qualquer estilo de negociação, embora nunca seja repintado ou pintado de volta. Você obterá o sistema completo mostrado nas capturas de tela após a compra, juntamente com os m
Please send me Direct message on MQL5 CHAT after purchasing the Indicator for Training and Installation Support There are some additional files that is important to use with the Indicator . So be sure to contact me after purchasing the Indicator So that I can add you for training and support . If you find any difficulty with installation then send me Direct message here So that I can connect with you via Anydesk or Teamview for the product installation. " Smart Order Block Indicator " to find
The indicator is designed to work on any trading platform. The program is based on proprietary algorithms and W.D.Ganna's mathematics, allowing you to calculate target levels of price movement based on three points with the highest degree of certainty. It is a great tool for stock trading. The indicator has three buttons: NEW - call up a triangle for calculation. DEL - delete the selected triangle. DELS - completely remove all constructions. The probability of achieving the goals is more than 80
PTS Precision Index Oscillator V2
PrecisionTradingSystems
5 (1)
O Oscilador de Índice de Precisão (Pi-Osc) de Roger Medcalf da Precision Trading Systems A Versão 2 foi cuidadosamente reconfigurada para carregar rapidamente em seu gráfico, e algumas outras melhorias técnicas foram incorporadas para aprimorar a experiência. O Pi-Osc foi criado para fornecer sinais precisos de temporização de negociações projetados para encontrar pontos de exaustão extremos, os pontos para os quais os mercados são forçados a ir apenas para tirar as ordens de todos. Este
Full Forex Market View Dashboard
Opengates Success International
5 (2)
Indicador de painel de visão de mercado FOREX COMPLETO Este é um indicador personalizado criado para dar aos Traders uma visão completa do que está acontecendo no mercado. Ele usa dados em tempo real para acessar o mercado e exibir todas as informações necessárias para fazer uma negociação bem-sucedida. INSTALAÇÃO: Antes de anexar este indicador ao seu gráfico de janela, vá para o painel Market Watch do seu MT4 e OCULTE todos os pares de moedas que você não precisa ou negocie e deixe o
Gann Signal
Kirill Borovskii
Gann Signal is a very simple indicator at first glance, but hidden inside is many years of experience in studying W.D.Ganna methods. The indicator gives accurate BUY/SELL signals, without redrawing. The indicator is very easy to use. All you need to do is attach it to your chart and follow its recommendations. The indicator constantly analyzes the market for entry opportunities. When such an opportunity appears, the indicator gives a signal in the form of an arrow. I repeat, all signals are NOT
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This indicator changes the timeframe and chart profile for multiple charts. If you dispatched many charts (10~20 or more) in single MetaTrader terminal, it is very boring and difficult work to manage the timeframe and chart profile individually. If the indicators you use in a chart are numerous and the setting values are different from the default one, you might give up adding all the indicators to all charts. The changing of timeframes on multiple charts has the same problem, too. Whenever you
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Versão 2.1 2020.03.25
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