Balanced Price Range Indicator in MetaTrader 4 Download - Free [TradingFinder]

The Balanced Price Range (BPR) indicator is an ICT indicator MetaTrader 4 that is used to identify the overlapping region between two Fair Value Gap (FVG) ranges.

 This indicator analyzes two FVG ranges moving in opposite directions and highlights the common area with colored boxes on the chart.

This zone is typically regarded as a significant level for price reactions, liquidity, and potential trend reversals.

Balanced Price Range Indicator Table

The following table lists the specifications of the Balanced Price Range (BPR) indicator:

Ascending Trend

In the 30-minute chart of the GBP/USD pair, the Balanced Price Range (BPR) indicator has identified ascending BPR ranges.

After a price correction, the market reacts to these areas, and the bearish correction trend is replaced by an upward trend.

Descending Trend

In the 15-minute chart of the USD/CAD pair, the Balanced Price Range (BPR) indicator has drawn a brown box to represent a descending BPR range.

After two failed attempts to break this level, the price reacts and continues its bearish trend.

Balanced Price Range Indicator Settings

Below are the settings for the BPR indicator in the ICT style:

Indicator Setting

• Bar Count: Number of candles to display on the chart;
• Min Size in Pints: Minimum range size in points;
• Max Distance Between FVGs: Maximum distance between two FVGs;
• Show Mode: Setting for displaying box mode.

Color Management

• Support Zone: Color settings for the support zone;
• Resistance Zone: Color settings for the resistance zone.

Conclusion

The Balanced Price Range (BPR) indicator is a supply and demand indicator MetaTrader 4 that identifies and draws the overlapping ranges of two Fair Value Gaps, highlighting specific areas in green and brown on the chart.

These ranges are often considered key zones for price reactions and can be used as support or resistance levels in trading analysis.