Visible Range High Low MT4
- Индикаторы
- Версия: 2.0
- Активации: 5
Visible Range High Low MT4 (Non-Repainting)
Overview
The Visible Range High Low indicator is designed to help traders instantly identify the most critical price levels on their chart. It dynamically scans a user-defined number of bars to detect the visible range's absolute high and low, marking these pivot points directly on the chart.
Key Features:
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Non-Repainting Logic: Once a high or low is identified and plotted, it remains fixed, allowing for reliable back-testing and historical analysis.
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Customizable Visuals: Full control over label colors, arrow codes, and text display. Includes a "Minimal Mode" for a clean look and "Dynamic Text" to color-code based on the current candle direction.
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Smart Offset: Automatically positions labels above highs and below lows at a percentage-based distance to prevent chart obstruction.
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Integrated Dashboard: An on-screen stats panel displays crucial market data, including:
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Visible Range Open/Close price.
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Percentage change over the range.
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Cumulative Volume (displayed in millions).
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Range Volatility percentage.
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Current Daily Open/Close.
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How It Works
The indicator scans the most recent VisibleBars candles to find the highest high and lowest low. It then draws arrow objects at these price levels and attaches optional text labels showing the price and the exact timestamp of when the swing point was formed.
Use Cases:
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Support & Resistance: Use the visible high and low as dynamic S/R zones.
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Breakout Trading: Monitor the visible high/low for potential breakout triggers.
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Volatility Assessment: Use the dashboard’s volatility percentage to gauge current market conditions.
