Rj_HSlice 1.1 - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources

This indicator shows the buy/sell range.

The green area means that at these price levels there were more purchases over a certain period of time, representing the numerical value of the CFD quantity. The red area represents selling. So somewhere between bullish/bearish and support/resistance.

The indicator calculates the Rj_Volume minute period and transfers the data to Rj_HSlice 1.1. This indicator should be used in conjunction with other indicators.

Installation: Throw two files in Terminal\experts\indicators, compiled editor and Rj_HSlice attached to the chart.

Rj_Volume is not attached to the chart.

Missing is the collision of his five-digit terminal value.

Added modified HF calculation data in Rj_HSlice 1.1, i.e. not only minor errors but also other FFs.
CalcPeriod = 1, all in minutes. If the rendering must be completed at FF time, then the position must be 60. To prevent misconfiguration, even if it places 50, it will still look for the closest advanced timeframe.

Which TF is calculated is indicated in the comment in the upper left corner.
ShowLevelsOn = true; shows all price levels by default. false deletes all levels.
show contract = true; same thing, just the value of the contract is different. Remove any erroneous values.
Background Levels = true; when ShowLevelsOn background is rendered.
ShowTurningOn = true; Set resistance support line. At some levels, the value of contracts is similar. For this, there is an option Deviation Percent = 0.2; Rate Difference, which defaults to 20%, i.e. the difference between levels does not exceed 20%. 0.1 is 10%, etc.

These lines are dynamic, but you can still track where and how the price behaves individually, from which you can draw any conclusions.

Color line = water color; color line.

ShowLevelsOn = false.

If you're interested, the essence of the idea is as follows:

If the candle opens[] < close[], then buy = (highest price[]-lowest price[])+(closing price[]-opening price[])
Sell=highest price[]-lowest price[]
Then dist = Volume [] / (buy + sell) = Volume of distribution / point, then the array will be call options = dist * buy/sell
Put = distance

Same as a bearish candle, just a mirror image.

Anyone who wants to test a blue screen or display of no content or history must upload or save it as a template.

So watch the experiment, ask questions, answer all possible connections for profit.

Attachment download

📎 Rj_HSlice_1_1.mq4 (11.63 KB)

📎Rj_Volume.mq4 (2.83 KB)

Source: MQL5 #10526