Dynamic Range Pro
Dynamic Range Pro — MetaTrader 5 indicator
Dynamic Range Pro is a free MetaTrader 5 indicator that plots a price channel from the highest high and the lowest low over a set number of bars, with a midline halfway between them. It works on any symbol and timeframe.
What it shows
- Upper and lower channel lines that act as dynamic resistance and support
- A midline that marks the middle of the recent range
- Possible breakouts when price closes outside the channel
Input
PeriodPR: number of bars used to calculate the channel.
Usage
The indicator helps you see the recent trading range and key price zones. It does not open trades and can be combined with other indicators or with an Expert Advisor through its buffers. Breakouts outside the range can fail, so use it with your own analysis and risk management.
Support
For product questions, please use the product comments or MQL5 private messages.
