NO TRADE ZONE VeaFx By VIPIN
🔹 How It Works
* The indicator monitors a 60-minute price window.
* It calculates the High and Low of that complete 60-minute period.
* If the total High–Low range is $15 or less, the area is identified as a NO TRADE ZONE.
* The zone is displayed as a box with a subtle “NO TRADE ZONE” watermark inside the box.
* The watermark stays behind the candles so that price action remains clearly visible.
* The box continues extending as long as price remains within the identified range.
* The zone ends when a candle closes above the High or below the Low of the zone.
* After a breakout or breakdown, a 60-minute cooldown period is applied before another No Trade Zone can be created.
🔹 Designed For
* XAUUSD / Gold
* Market consolidation detection
* Avoiding trades during tight-range conditions
* Identifying potential breakout areas
* 5-minute and 15-minute chart analysis
⚠️ Disclaimer
This indicator is for educational, research, and market-analysis purposes only. It is not financial advice and does not provide guaranteed or “sure-shot” trading signals. A No Trade Zone does not guarantee that a breakout will occur or predict its direction.
Always perform your own analysis, backtest the indicator, consider spread/slippage and broker-specific pricing, and use proper risk management. Trade responsibly.
* The indicator monitors a 60-minute price window.
* It calculates the High and Low of that complete 60-minute period.
* If the total High–Low range is $15 or less, the area is identified as a NO TRADE ZONE.
* The zone is displayed as a box with a subtle “NO TRADE ZONE” watermark inside the box.
* The watermark stays behind the candles so that price action remains clearly visible.
* The box continues extending as long as price remains within the identified range.
* The zone ends when a candle closes above the High or below the Low of the zone.
* After a breakout or breakdown, a 60-minute cooldown period is applied before another No Trade Zone can be created.
🔹 Designed For
* XAUUSD / Gold
* Market consolidation detection
* Avoiding trades during tight-range conditions
* Identifying potential breakout areas
* 5-minute and 15-minute chart analysis
⚠️ Disclaimer
This indicator is for educational, research, and market-analysis purposes only. It is not financial advice and does not provide guaranteed or “sure-shot” trading signals. A No Trade Zone does not guarantee that a breakout will occur or predict its direction.
Always perform your own analysis, backtest the indicator, consider spread/slippage and broker-specific pricing, and use proper risk management. Trade responsibly.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.