PriceZonePro
- Indicadores
- Pirayos Wangthong
- Versão: 1.3
- Ativações: 5
PriceZonePro is a Supply and Demand (Support and Resistance) mapping indicator designed to help you identify potential turning points in the market. This tool automatically detects historical price levels and visualizes them as price zones directly on your chart.
By automating the process of drawing support and resistance, PriceZonePro helps you visualize market structure to assist in your trading analysis.
Key Features
- Fractal-Based Analysis: Utilizes fractal geometry to identify support and resistance levels where the market has historically reversed.
- Multi-Timeframe Analysis (MTF): Simultaneously overlay supply and demand zones from two independent timeframes (for example, your current trading timeframe and a higher timeframe like H1 or H4) on a single chart.
- Dynamic Zone Pruning: The indicator monitors price action. When a zone is crossed by a closing price (a candle body closes through it), the indicator stops extending the zone to keep the chart relevant to current market conditions.
- Customizable Displays: Choose between rendering Supply and Demand Zones (with fills and upper/lower boundaries) or Support and Resistance Lines.
- Historical Scanning: Scans historical data upon initialization to build a map of past price structures.
- Customizable Aesthetics: Adjust line styles, widths, and zone colors via the standard MT5 Colors tab.
Input Parameters
Time Frame 1 (Primary)
- TF1 Display: Choose how to display the primary timeframe (S/R Zones, S/R, or Disable).
- Time Frame 1: Select the primary timeframe to analyze (Defaults to Current).
- TF1 Number of Zones Back (cap): Limit the maximum number of historical zones maintained on the chart to optimize terminal performance.
Time Frame 2 (Secondary / Higher Timeframe)
- TF2 Display: Choose how to display the secondary timeframe (S/R Zones, S/R, or Disable).
- Time Frame 2: Select the secondary timeframe for higher timeframe context.
- TF2 Number of Zones Back (cap): Limit the maximum number of historical zones for the secondary timeframe.
Disclaimer
Current Development Status: Please note that PriceZonePro is currently receiving active updates. While the core algorithms are functional, you might occasionally encounter minor visual rendering discrepancies as we continue to optimize the indicator.
