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.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.