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Paromon Marks the Day’s Opening Price and High-Low Range

Article MQL5 code base
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Summary

Paromon is a chart indicator that marks the start of each trading day and displays that day’s high and low prices. Its purpose is to make the daily range visible on a price chart, which can help traders orient intraday price action around the session’s boundaries.

The document identifies the indicator’s author and notes that it was first implemented in MQL4 and published in 2007. It offers no entry or exit rules, performance evidence, or guidance on how to trade from the marked levels. The description is therefore useful as a concise explanation of the indicator’s display, but it does not establish that daily levels predict future price movements or suit any particular market or timeframe.

Key ideas

  • The indicator marks the beginning of each trading day on a chart.
  • It displays the day’s high and low prices.
  • The description provides no trading rules or evidence of predictive performance.

Tags

Technical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.