tool/indicator for price areas

Is there a toll/indicator which will allow me to input a price or prices and shade the area between them?

For exampleI want to use this for support/resistance areas) I notice on my chart a support area between 77.50 and 78.25...I would like to draw a line EXACTLY at these prices and have the area between them shaded.

Does this exist or can it be created?

Thank you

Hi Rick

The following is perhaps a little cumbersome, but at least it doesn't require any programming.

1. Place a rectangle (Insert > Shapes > Rectangle) on your chart, in approximately the right place.

2. Double click to select it, then drag the handles at the four corners to extend it across the area (width) that you want. Or move the rectangle by dragging the handle in its center.

3. Right click and select "Rectangle properties". On the "Parameters" tab, adjust the two "Values" to the high/low prices that you require.

To widen the rectangle without changing its vertical position, drag one of the four corner handles sideways in the required direction. While you're doing this, two numbers will appear, e.g. 49 / 20. The first number is the width of the rectangle (in price bars), and the second the height (in pips). As long as the second value remains constant, you can be sure that the vertical position (high/low values) remain unchanged.

I can think of other ways of achieving this, but they require porogramming. This is by no means a great solution, but hope it helps.

David

I need " Candles Ratio " mt5 indicator which is designed to identify specific types of price action based on the relative size of the candlestick body compared to the body of the previous candlestick and on the relative size of the wicks (or shadows) compared to the body of the candlestick.

Formula
Candle Body % = (Candle Body Length / Previous Candle Body Length) *100
Candle Opening Wick % = (Candle Opening Wick Length / Candle Body Length) *100
Candle Closing Wick % = (Candle Closing Wick Length / Candle Body Length) *100

In mt5 Indicator " Candles Ratio " parameters window I can choose what type of candles should be finding:

Inputs
Candle Body % = 200
Candle Opening Wick % = 20
Candle Closing Wick % = 30