DayExtremumZones - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

This indicator shows daily extreme value areas. Maximum area: distance from the daily maximum value - Х% of the daily range, minimum area: distance from the daily minimum value + Y% of the daily range.

Allows flexible parameter settings. Adjust zone parameters as needed!

The indicator can display information using one of five plotting styles:

Color fill painting style. Used as a support area. Range = 10%

The green line is 38% from the minimum value (inpDnZonePct = 38), and the blue line is 50% from the daily maximum value (inpUpZonePct = 50). inpDrawInternalZone = true. Mimic Fibonacci levels

suggestion:

Attachment download

📎 dayextremumzones.mq5 (17.23 KB)

📎 dailysize.mq5 (7.44 KB)

Source: MQL5 #13816