AurumEdge Turning Zones
- Indicadores
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Anthony Nwabueze Onyenweaku
I’m Tony, founder of AurumEdge Tech. I build Expert Advisors and indicators for MetaTrader 5 in MQL5, focusing on gold (XAUUSD), forex and indices (US30, NAS100, GER40).
What I do:
• Custom EAs from your strategy rules: breakout, trend, session-based, grid-free risk-managed systems - Versão: 1.2
- Ativações: 10
Shades the area where a pullback is most likely to turn, before price gets there, and grades it by how many independent tools agree on that area.
AurumEdge Turning Zones finds the latest significant swing and marks its pullback zone. It then checks whether other tools point to the same area, and makes the zone brighter when they do.
WHAT IT SHOWS
- The latest significant swing (a dotted line from its start to its end) and its pullback levels: 38.2%, 50%, 61.8%, 78.6% and 100%
- The turning zone between 61.8% and 78.6%, shaded
- Bollinger Bands and a 200 EMA on the chart
- Confluence grade: the zone gets brighter when the 200 EMA and/or the outer band also sit in the zone
1/3 = pullback zone only, 2/3 = one more tool agrees, 3/3 = all three agree
- Corner panel, for example "Buy-side turning zone 3912.4-3918.9 | 2/3 tools agree"
- If price moves straight through the whole swing, the zone turns grey and the panel says it is waiting for a new swing
LEADING ZONES
The zone is drawn as soon as the swing is confirmed, before price returns to it. A swing only counts once price has moved away from it by a meaningful amount (3 x ATR by default), so small wiggles are ignored.
ALERTS
Pop-up, push notification and sound when a candle closes inside a 2/3 or 3/3 zone.
SETTINGS
- Minimum swing size (ATR-based)
- Zone percentages (default 61.8% to 78.6%), extra levels on or off
- Band period and deviation, EMA period, show or hide each
- Confluence tolerance, colours and font size
Works on any symbol and timeframe (forex, gold, indices and more). Developed and tested on gold (XAUUSD).
A zone is an area to watch, not a trade signal. Price can move through any zone. Trading involves risk.
