Balance Price Range Indicator Download in MetaTrader 4 - [TFlab] - MT4/MT5 Resource

The Balanced Price Range (BPR) indicator is an ICT Style MetaTrader 4 used to identify overlapping areas between two Fair Value Gap (FVG) ranges.

The indicator analyzes two FVG ranges moving in opposite directions and highlights the common areas with colored boxes on the chart.

This area is often viewed as an important level for price reaction, liquidity, and potential trend reversals.

Balanced price range indicator table

The table below lists the specifications of the Balanced Price Range (BPR) indicator.

Balanced Price Range Indicator Overview

The Balanced Price Range (BPR) indicator is a useful tool for identifying these price ranges. It displays the BPR in brown for falling and green for rising, helping traders identify important price levels more easily.

Ascending Trend

The Balanced Price Ranges (BPR) indicator on the 30 minute chart of the GBP/USD currency pair has identified rising BPR ranges.

After a price correction, the market reacts to these areas and the bearish correction trend is replaced by an uptrend.

Descending Trend

On the 15-minute chart of the USD/CAD currency pair, the Balanced Price Range (BPR) indicator plots a brown box to represent the declining BPR range.

After two failed attempts to break above this level, the price reacted and continued its bearish trend.

Balanced Price Range Indicator Settings

The following are relevant indicators for setting the BPR ICT style:

Indicator Setting

• Bar Count: The number of candles displayed on the chart;
• Min Size in Pints: Minimum range size (in points);
• Maximum distance between FVGs: Maximum distance between two people FVG s;
• Show Mode: Display box mode settings.

Color Management

• Support Zone: Color setting of the support area;
• Resistance Zone: Resistance zone color setting.

Conclusion

The Balanced Price Range (BPR) indicator is a MetaTrader 4 supply and demand indicator that identifies and plots the overlapping ranges of two fair value gaps, highlighting specific areas in green and brown on the chart.

These ranges are often considered key zones for price reaction and can be used as support or resistance levels in trading analysis.