Trading box Technical analysis indicator MT5 MT4 (Full Tutorial) – Analytics & Forecasts – 18 June 2023

Advanced technical analysis indicator

This video covers full tutorial for Trading box Technical analysis indicator mt5 mt4. This Metatrader technical indicator is used as supply demand indicator mt5 and support resistance indicator mt5.

Link to Trading box Technical analysis indicator: https://www.mt4tradingbox.com/technical-analysis/

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Draw your supply and demand zone with rectangle and support resistance with trendline touch alert mt4 mt5. This is the best Supply and demand indicator mt4 mt5 trading software for metatrader 4 5.

Smart Rectangle Extender

Rectangles and Trendlines are extended into future with one click. Rectangle size, name and prices are displayed around rectangle or trendline price alert mt4 indicator

Risk Reward indicator mt4 mt5

Trader can use risk reward calculation to decide if trade is profitable enough. You can manually drag horizontal line and risk reward with pip count is displayed as text on horizontal line

Price and Engulf Alert

Price Alert and Engulf detection in Rectangle extender are supported with MT4 mobile push notifications. Stay notified about market events.

How to scale into level?

Trader can use history search functions with rectangle or horizontal line. Function search break of the line in chart history or rectangle origin in history.

Extended rectangles and trendlines

Extended object is automatically extended to the right edge of the chart when price draw new candlesticks on chart

Price touch alert

Touch Alert is triggered when price touch rectangle or trendline. Price alert is also available for angled rayed trendline

Engulf alert (broken zone)

Breaker Alert is triggered when price break rectangle of supply and demand zone

Candle Close alert

Candle close Alert is triggered when candle is closed outside of the rectangle or on the other side of trendline

Breakout Retest alert

Breakout Retest alert is triggered if the candle closes beyond trendline and then price touches trendline for retest in trading.

Sound repeat after Alert, Engulf, Close, Retest

R button enable you repeat alert sound every few seconds

Risk reward ratio indicator

Show RR ratio for trade target, available with rectangle

Color change buttons

Quickly change color for selected object with one click. If no object is selected then color button create a new rectangle

Text button – object name text position

Display rectangle or trendline text in all possible spots around or inside object

Rectangle Split with % trendline

Rectangle is split with extended trendline by 50% of rectangle height. When you move split trendline, then % (percentage) recalculates.

Fibonacci retracement indicator

Non-extended rectangle have option to split by % and give option to see discount or premium price of the price zone

Trendline compression tool

Mark compression zone on the chart, like price action zone. If you click on Flat button then trendline become horizontal flat

Chart synchronization mt4 mt5 – chart sync object

SYNC button synchronize selected objects ( rectangle, trendline, horizontal line, vertical line, Fibonacci retracement indicator ) of the same symbols

Multiple timeframe analysis with nested zones

Bands button create top and bottom rectangle lines visible on all TF but filled rectangle is visible only on current TF

Auto scale TF visibility for newly created rectangle & trendline

Set timeframe visibility for current and lower timeframes. This give bigger importance to objects on higher timeframes

Object timeframe visibility

Set object timeframe visibility with LTF, MTF and HTF buttons

Navigate to Rectangle origin position

Function that show origin of selected rectangle in the middle of the chart when button @ is clicked

Horizontal break line price (time machine)

Function search first horizontal line break in chart history on the left

Hist. button and dashboard link

Show the time of last alert in the label. This information is transferred to Technical analysis dashboard where you can see last alerts of all charts in one list

Name the zones from the suggested list

Button Rename gives option to rename the zones from the suggested list

Time Frame colors for new created objects

User can define special color for each standard time frame

Candle click to create SD zone

Button Click SD with ON//OFF logic for extended rectangle creation when user click on candle

Hotkeys: draw Support Resistance levels and Supply Demand zones

When candle is clicked then Hotkeys for drawing support and resistance level or supply and demand zone is displayed