This indicator is useful for traders who trade from support and resistance levels. It is known that the level is not a clear line, but a price zone, when the price interacts with it, a breakout or rebound from this zone is possible.

Support and Resistance zones are used by many successful traders in their trading.

The PriceAction Zone indicator recolors the rectangles to the appropriate color for the current TF. At the same time, marked zones with periods younger than the current one are hidden. The settings allow you to specify the color for any period from M1 to W1, and it is possible to redraw the zone to infinity, for more convenient work with it.

You can use this indicator both when trading manually and together with Expert Advisors when using the Rectangle object. Each object on the chart has a unified name indicating the period in which it was drawn.

MT4