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.
• 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.
• Choppiness Index consolidation detection.
• Same-direction imbalance merging when the vertical gap is small enough.
• Merge protection 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 : wick must be larger than body divided by this value.
• 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 same-direction imbalances.

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.