TToolBox is an indicator full packed with useful tools to help with your daytrading. It can be used to find best entry and exit points and help you to decide if you should open a trade or not. You can see in what trend phase you are in or if a trend is about to change. It works with all asset classes like Indices (i.e. Dow Jones, Nasdaq), Forex, Futures or CFD. The indicator has the following features (video tutorials are on our video page. Videos are only available in German for now, but you can enable foreign language subtitles):
Choose a start and end time and the indicator shows you Fibonacci lines within the selected time range including range high and range low – best for range trading.
See important Fibonacci levels based on the previous day with just one click. Within Intraday trading those Fibonacci levels are often used to identify possible price reversal points.
Calculate Fibonacci levels based on days. Specify how many days you want to calculate and the program shows you the highest high, lowest low and important fibo levels within this range.
See when markets are opened or closed. This is very useful in Forex markets because you can see very easily how which session was traded.
| Outside bars are very important in professional price action trading. Highs and lows of outside bars can be used as entry and exit points as well as support and resistance points. With TToolBox it is very easy to spot and react to those outside bars. It draws lines and rectangles of outside bars from current and higher time frames right onto the chart. No switching between time frames needed, so you will never miss an opportunity to open a good trade. |
Engulfing bars are very important because often they are forerunner of trend change or reversal. With TToolBox it is very easy to spot and react to those engulfing bars because it instantly draws a rectangle around the engulfing candle.
No need to switch between time frames anymore. TToolBox shows the last candles from higher time frames on the right hand side of the chart. See very easily the values of open, close, high and low for the last 4-hour, day or week candle. Furthermore you can spot if you are in a trend, like the GBP/YEN pair shown on the left image. Last 4-hour, day and week candles are long green colored candles. This indicates that this forex pair is in a bullish trend right now.
Supertrend is a very powerful and useful trend indicator to spot trend phases. It is very popular because of its clean and easy to understand principle. Prices above the trendline indicate an uptrend and prices below the trendline indicate a downtrend. Since v2.1 TToolBox contains an automatic supertrend trailing stop!
With help of TToolBox it is very easy to show previous daily highs und daily lows. Daily highs / lows are very important if you use price action trading because very often stops (buy stops, sell stops) are placed on this price points. This means those points are tested and price reversals ca be expected.
Like daily highs / lows weekly high, weekly lows are also important for price action trading. Those points act as support or resistance levels very often. In combination with other indications this could be a very good point to open a trade and place a stop loss or a take profit.
With help of TToolBox you can calculate a possible break even before you buy a sell a position or contract. Very useful if you handling multiple positions or if you scaling or stacking positions.
TToolbox gives you 2 flexible count down timer. For example it can show when the next hour or 4-hour candle closes. Just select the timeframe in the TToolBox settings and you are good to got. And the best, it does not matter which time frame you are actually in. It shows the count down time from your chart time frame independently.
Create own time based alerts and place it right into the chart. Or import forex news alerts of a forex news calendar and get visual and acoustic notifications before an event is happening.
See at a glance how the asset has performed during the last periods. It helps you to decide or see if the asset is bullish or bearish or you can trade two correlated assets and find the weaker and stronger one.
With the TToolBox you can clean up the chart and display candles from certain time windows only. For example, over-night or Asia bars can be hidden and you can display the highs and lows of spot markets only. This video explains the advantages of this feature (do not forget to turn on foreign language subtitles).
Version history
/*
Update log:
v2.64
- new license check
- OB history bug fixed
v2.63
- small bugfixes
v2.62
- Custer box for fibos added
v2.6.1
- Outside bar maxbars changed to 100
v2.6
- Last bars cluster bug fixed
- OB open/close lines smaller
- New logo
- Supertrend bug fixed
- Updated to new ST API version (2612)
- Reset for OLHC error added
- Show specific period only candles added
- Disp2 space between items bug fixed
- License re-check delay added
- MT5 Timeframes for outside bars added
- PointsToPrice / PriceToPoints API changes
v2.5.1
- Updated to new API
v2.5
- Disp2 buttons resized
- Daily ATR Label added
- Close line for outside bar added
- Open/Close label for outside bar added
- Pause button added
- Slot used check added
- CME circuit breaker limits modified to 7%
- Last bars label bug fixed
- Disply 2 visibility bug fixed
- Custom colors for % change window added
- Menu button bug fixed
- Tools Collection L added
v2.43
- vendor id changed
- version check changed
- master codes activated
v2.41
- Trial check bug fix
v2.41
- chart refresh added if new indicator is added
- Set OB timeframe text if no TF is given
- Update for ST release 2607
v2.4
- Gain / loss value bug fixed
- Buffer check for SEA Activate added
- New daily high / low calculation
- Sound notification for outside bar change added
- Weekly high/low tooltip bug fixed
- Display 2 scaling fixed
- Compatible with ST build 2605
v2.32
- Back to new SaveSettings / LoadSettings
- Buffer check for SEA Activate
v2.31
- Back to old SaveSettings / LoadSettings
v2.3
- OB2 solid linies now (makes MT5 faster)
- Set Host update to false to speed up things
- new URL for Info / Buy button
- float value for supertrend multiplier now possible
- drag and drop for floating windows more responsible now
- Outside bar history is shown if OB1 is checked only now
- New save settings / load settings routine
- Compatible with StereoTrader build 2595 and above
v2.21
- Limit up / down corrected
v2.2
- Outside bar break line added (internal use only)
- Limit up, limit down lines added
Update log:
v2.1
- %CH period label font size fixed
- M10 timeframe for MT5 added
- Option to set possibe BE price
- Second panel (display 2) added
- Supertrend trail added
- OB2 drawing bug fixed
- OB: lower case timeframe accepted now
v2.02
- Buy button added
- Support for MT Tools Collection Bundle added
v2.01
- Checked added if license code is used for more than 5 accounts
v2.0
- Show open/close for daily high/lows
- problem fixed with sunday candles for daily high/lows
- Weekly high /lows added
- Settings dialog added
- Possible BE line added
- time based alarms added
- News importer added
- FBD labels fixed
- Download mttools and nd if not present
- Dialy high / low calculation changed
- % change window added
Update log:
v1.82
- Trial license update
- Option daily short lines added
- Bugfix if Process-Days and Max-Bars is set to 0
Update log:
v1.80
- Calculation of daily high/low changed. Correct with AMP now
- indicator is always chart window now
- NOSUPERTREND is obsolete now
- Option to hide timer and Fibo settings
- Panel field for history outside bars added
- Set license to DB added
v1.78
- Back to ST license check
- ttbox scaling problem fixed (hopefully)
v1.77
- MessageBox for outdated version added
- Autodetect for outside bar tolerance added
v1.76
- SEA_Activate added.
- Panel days for daily high/low is now used
- MT Tools Infox .exe added
v1.75
- Reverted to own license check.
v1.74
- Updated to new API.
v1.73
- Updated to new API.
v1.72
- NOSUPERTREND and NOTIMERS define added.
- TToolBox-NoSupertrend added
- SEAVersionCheck enhanced
v1.71
- Engulfing calculation slightly changed
v1.71
- Message Box for license error added
- free trial period added
v1.70
- License check changed
- Tool tips optimized
- History outside bar bugfixes
v1.69
- DHL lines are updated every period now
- History outside bar bugfix
v1.68
- removed static declaration of CBars objects
v1.67
- Daily low/high is drawn to current time now
v1.66
- Transparency for outside bar boxes added
- Timer is shown on panel again
- Daily High/Low lines added
v1.65
- Engulfing added
- Tolerance outside bar atr added
- Reset button added
- Timer is drawn on chart now
v1.60
- Tolerance for outside bar added
- Outside bar max bar setting added
v1.55
- Button for all outside bars added (not just last one)
- Check for master license code added
v1.5
- Buttons and labels changed to work with small sea setting
- Timer inputs added
- Super trend added
- Tooltips added
- Fibo price label removed
- License check added
- Previous day fibo lines ignore weekends now
- Fibo based on days added
- Logo Added
- Version check added
v1.421
- CBars Outside bars declared as static
v1.420
- Own function of FindOutsideBar added
*/
