BWZonesIndicator

BW Zones Indicator is an indicator for MetaTrader 5 that detects market zones based on AO and AC direction and displays them directly on the price chart:

• green zone — AO and AC are rising;
• red zone — AO and AC are falling;
• neutral zone — AO and AC move in different directions.

Chart display:

• colored bars for zone visualization;
• up arrow after two consecutive green zones;
• down arrow after two consecutive red zones.

Arrow placement:

• up signal — below the candle low;
• down signal — above the candle high.

Display modes:

• no bar coloring;
• only green and red zones;
• all zones including neutral zones.

Indicator features:

• automatic AO and AC zone detection;
• signal arrows for confirmed zones;
• built-in time filter for H1 and lower timeframes;
• server time and local time support;
• sound alerts for new signals;
• calculation limit by number of bars;
• configurable AO and AC parameters.

Main inputs:

• Color Mode;
• Show Arrows;
• Max Bars;
• AO Fast Period;
• AO Slow Period;
• AC SMA Period;
• Time Filter Settings;
• Alert Settings.

The indicator works directly on the price chart and supports multiple trading instruments and timeframes.