Balance Price Range Indicator Download in MetaTrader 5 - [TFlab] - MT4/MT5 Resource

The Balanced Price Range (BPR) indicator is one of the MetaTrader 5 ICT indicators . Using ICT-style concepts, this indicator identifies the intersection area between two fair value gaps (FVG).

By drawing a bearish BPR in brown and showing a bullish BPR in green indicate areas of price reaction that are important to traders.

Balanced price range indicator table

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

Balanced Price Range Indicator at a Glance

The Balanced Price Range (BPR) indicator is an ICT-style based tool used by traders to identify intersections between two oppositely directed FV Gs . This indicator helps traders identify supply and demand areas, which can then be used for market analysis.
By identifying these areas, traders can predict suitable entry and exit points and anticipate potential price reactions in these areas.

Bullish Trend

On the Silver (XAGUSD) daily chart, the Balanced Price Range (BPR) indicator identifies bullish areas on the BPR chart, shown in the green box.

As shown in the figure below, after adjustment, the price moves towards the BPR range. After reaching this area, the adjustment ends and the market trend becomes bullish .

As this trend changes, prices rise sharply, triggering new market trends. This pattern highlights the BPR area as a reliable point for trend reversal identification and can provide traders with good trading opportunities.

Bearish Trend

On the 1-hour chart (USD/JPY), the Balanced Price Range (BPR) indicator identifies bearish BPR areas and displays them as brown boxes on the chart. This indicator identifies areas where supply and demand intersect using FVGs .

Traders can use these supply and demand areas as key points for trading decisions. This feature is particularly useful in areas where ICT traders are looking to enter the market.

Balanced Price Range Indicator Settings

Here are the relevant set balanced price range indicators:

Indicator Setting

• Bar Count : Select the number of candles to display on the chart
• Min Size in Points : Minimum size of the selection range (in points)
• Maximum distance between FVGs : Select the maximum distance between two FVGs
• Show Mode : Display mode of the selection box

Color Management

• Support Zone : Select the color of the support zone
• Resistance Zone : Select the color of the resistance zone

Conclusion

The Balanced Price Range (BPR) indicator is a tool for MetaTrader 5 designed for traders who follow the ICT style. With this MetaTrader5 indicator , traders can identify BPR area and spot trading opportunities based on two opposing crossover areas FVGs .

This feature enables traders to detect key price areas and entry points for decision-making, thereby enhancing their ability to perform professional market analysis.