ClusterBox_DayHistogramm - Cross section of market levels by day - MetaTrader 4 script

General information

For every candlestick on any time frame, there is a corresponding number of price movements to form it. On Forex charts, this feature appears as volume, although it has no direct relationship to actual volume. However, tick volume data can be used in the same manner as real volume data.

Information about the price changes that occurred before the additional indicator is taken from the special price change file, which is available in the tick collector . Ready-made tick file archives are also available from the following locations. If historical rendering is not required, then the indicator value will be displayed in real time whenever new quotes arrive.

About the ClusterBox_DayHistogramm indicator

A variant of the ClusterBox_Histogramm indicator. The difference is the fixed data collection interval. Therefore, unlike the ClusterBox_Histogramm indicator, which displays tick volumes per cluster within a custom historical range set by the user, the ClusterBox_DayHistogramm indicator uses 24 hours as the specified interval. This approach allows looking at price concentration levels for each day in isolation.

In order to see the precise numerical value of the scale amount corresponding to the cluster, you need to move the mouse cursor to the row of interest. Information about price clusters and their quote volumes will be displayed in the tooltip.

A more detailed use of this indicator is described in the article Horizontal Sections of the Market .

Attachment download

📎 clusterbox_dayhistogramm_ad.mq4 (42.21 KB)

Source: MQL5 #14190