NTZ Box Breakout
This indicator has been specially developed to complement The Price in Time strategy.
The NTZ BOX indicator automatically creates:
- The Day separators
- The No Trading Zone divided with the Green Box, the Peach Box and the Turqoise Box
- Extensions of the long and short Take Profit levels
- The Yellow Box to display the range of the Asian session
- The Money Manager for a perfect Position Sizing calculated on your risk percentage
Using the NTZ BOX indicator will enable you to have your trading plan ready when London opens and thanks to the history display function you can perform your backtests by quickly and accurately applying the Trade Management Models 1-2-3 described in The Price in Time strategy.
Customize the first 3 parameters:
Days to Process: Select the number of days you want them to be processed and analyze what the market has done in the past days.
GMT: Select the GMT of your Broker and the indicator will automatically synchronize the Boxes.
Take Profit Number: Choose the number of Take Profits you want to display on the chart.
Viewing the spread:
You can choose to view the spread at the ends of the NTZ area in order to optimize your revenue by placing orders after the spread.
Enter your risk percentage and the Money Manager will give you the values described below:
- Your equity value is always up to date
- Selected risk percentage
- Total currency loss
- Long entry level
- Stop loss level
- Size of the long entry position
- Short entry level
- Stop loss level
- Size of the short entry position
Box of the Asian session
Asian Session Color: Choose the color of the Asian session box.
Asian Allowed Range (Pips):
The Asian session box is set to a maximum range of 40 pips, however, you can change this value in order to better adapt the NTZ BOX indicator to the volatility of each currency pair.
If the price movement of the Asian session is too big and exceeds 40 pips (or the maximum value we have chosen) the box becomes red, warning us that it is not advisable to trade.
Green Box (NTZ Range)
Green Box NTZ Range Color: It is possible to customize the color of the green box.
NTZ Area Minimum Range (Pips): It is possible to change the minimum value of the NTZ area range.
NTZ Area Maximum Range (Pips): It is possible to change the maximum value of the NTZ area range.
The values of the green box range (NTZ Area) are preset at 10 and 30 pips in relation to what is described in the The Price in Time strategy; however, it is possible to modify these values in order to better adapt the NTZ BOX indicator to the volatility of each single currency pair.
If an NTZ area with a range greater or lesser to the preset values is created the green box becomes red warning us that it is not advisable to trade.
Customize the appearance of the indicator:
It is possible to change the colours of NTZ boxes, Take Profit boxes and Money Manager for a completely personalized visual impact.