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FX Sniper Magenta indicator for MT5

FX Sniper Magenta Indicator

FX Sniper Magenta is an exclusive and leading indicator to trade Forex with your Metatrader trading platform.
FX Sniper Magenta is able to analyze market participants behavior and to predict changes in the price direction even before movement starts.
Most indicators are lagging indicators and are useless. FX Sniper Magenta is a unique leading indicator.
The indicator displays arrows in your chart (please see screenshot attached) showing the probable direction of price action.
FX Sniper Magenta never repaints. Once candle is closed signal is confirmed and arrow will never disappear.

Inputs of the indicator are:
  • Distance: distance in pixel relative to top or bottom of candle to display the arrow symbol
  • MaxBars: number of bars back used to calculate the indicator
  • TradeDirection (Long/Short/LongAndShort): filter signals for BUY and SELL
  • UseAlerts (true/false): to enable alerts
  • PopAlerts (true/false): to enable alerts of type Popup window
  • EmailAlerts (true/false): to enable alerts of type Email
  • PushAlerts (true/false): to enable alerts of type Push Notification
  • SoundAlerts (true/false) to enable alerts of type Sound
  • SoundFile: file to be used for sound alerts
Size and color of the arrows can be setup in the Color tab of the indicator.


Trading rules:

  • Enter trade at opening of next candle in the direction of the signal (SELL/BUY)
  • Place stop at the top (SELL) or bottom (BUY) of the signal candle or use stop based on ATR
  • Take profit with reward / risk of 2:1 or 3:1

The indicator can be used with any time frame.
It can be used to trade Forex, Stocks, Indices, Futures, Commodities and Cryptos.

Other indicators for MT4:
We developed more than 60 indicators and utilities for Metatrader 4 and Metatrader 5.

Indicators for MT5:
All our indicator are developed both for MT4 and MT5.

List of all our indicators:
👉  You can get the complete list of our indicators visiting our profile page.

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5 (1)
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Introduction to X3 Chart Pattern Scanner X3 Cherart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individu
Bei diesem Indikator handelt es sich um eine Marktanalysemethode, die auf dem Artikel "Mathematische Formel für Marktprognosen" von W.D. Gann basiert, der auf Quadrat-von-Neun- und Quadrat-von-44-Methoden basiert. Benutzerhandbuch: Add Your review And contact us to get it Sie können die vollständige MT4-Version kaufen von: https://www.mql5.com/en/market/product/15316 Sie können auf MT4 kostenlos testen: https://www.mql5.com/en/market/product/15320?source=Site +Profile+Seller#!tab=
DOWN and UP trend
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It makes it easier for you to trade by providing trend charts in all frames from bottom to top. If it touches the upward trend, it is a good opportunity to sell, and the target is the downward trend, and vice versa. If it touches the downward trend, it is a good opportunity to buy, and the target is the upward trend. It can automatically redraw the trend. You can monitor higher frames and trade on lower frames for speculation .
Elliott Wave Trend was designed for the scientific wave counting. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to sh
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Fisher Kuskus indicator for MT5
Renaud Herve Francois Candel
Fisher Kuskus Indicator Fisher Kuskus is an indicator used by scalpers on low time frames like M1. The Fisher Kuskus is now available for Metatrader platform. Inputs of the indicator are: Period : period to be used for calculation of the indicator PriceSmoothing : value of 0.0 to 0.99 IndexSmoothing : value of 0.0 to 0.99 The indicator can be used with any time frame. It can be used with any class of assets: Forex, Stocks, Indices, Futures, Commodities and Cryptos. Other indicators for
High Low indicator for MT4
Renaud Herve Francois Candel
5 (1)
HighLow Arrow Indicator HighLow Arrow is a simple indicator to be used to signal major lows and major highs in your chart. This indicator is not intended to be used to trade alone but more as an alert that a turning point might be forming.  In this case the HighLow Arrow indicator signals that a new high or a new low is forming and that traders can prepare for seeking new signals. The formation of the High or the Low is confirmed after 2 bars have been closed. In the meantime, the alert ca
OBOS indicator OBOS Indicator is an exclusive indicator to spot entries based on price action. The OBOS Indicator is both effective and user friendly. Indicator uses simple color codes and levels to indicate Overbought and Oversold conditions. No more headache. The OBOS Indicator will only gives you indication when there are possible entries. Means you only get useful information. Inputs of the indicator are: MaxBars : number of bars to display in your chart Smoothing period : number
Naked Forex Kangaroo Tail Indicator for MT4 Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The Kangaroo Tail is a multi-bar pattern. The Kangaroo Tail pattern is very effective and is very simple to trade. The strategy that comes with the Kangaroo Tail is based on price action. The indicator does what it was designed for: displaying Kangaroo Tail patterns.   Don't expect to follow the up and down arrows and make mo
Naked Forex Tweezer Pro Indicator Tweezer Pro Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The standard Tweezer is a two bar pattern. Our enhanced version is a multi-bar pattern. We filter the patterns for you so that you only get the   best and most effective patterns   and ignore the noise. The Tweezer pattern is a simple and effective pattern to trade. The strategy that comes with the Tweezer is based on price action. The T
Naked Forex Tweezer Standard Indicator Tweezer Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The standard Tweezer is a two bar pattern. Our enhanced version is a multi-bar pattern. We filter the patterns for you so that you only get the     best and most effective patterns   and ignore the noise. The Tweezer pattern is a simple and effective pattern to trade. The strategy that comes with the Tweezer is based on price action.
Naked Forex Big Shadow Indicator Big Shadow Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. When you have a Big Shadow on your chart then this is a strong signal meaning that you might be ahead of a reversal. You can take other elements (momentum, trend, volatility, price action, fundamentals) to build a complete strategy and confirm your entries. Beware that you might not make money just following the arrows generated by the pattern r
Inside Bar indicator for MT4
Renaud Herve Francois Candel
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Engulfing Bar Indicator Engulfing Bar indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The Engulfing Bar indicator is an enhanced pattern of the popular Engulfing Bar to   keep only the best patterns   produced in the market. The strategy that comes with the Engulfing Bar is based on   price action . Inputs of the indicator are: Distance : distance in pixels relative to top or bottom of candle to display the arrow symbol UseAlert
Pin Bar Indicator The Pin Bar indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The strategy that comes with the Pin Bar pattern is based on price action. Inputs of the indicator are: Distance : distance in pixels relative to top or bottom of candle to display the arrow symbol UseAlerts (true/false): enable alerts PopAlerts (true/false): enable alerts in the popup window EmailAlerts (true/false): enable email alerts PushAlerts (tru
Naked Forex Kangaroo Tail Pro Indicator Kangaroo Tail Pro Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The Kangaroo Tail is a multi-bar pattern. The Kangaroo Tail pattern is very effective and is very simple to trade. The strategy that comes with the Kangaroo Tail is based on price action. The indicator does what it was designed for: displaying Kangaroo Tail patterns.   Don't expect to follow the up and down arrows and make mo
Bar Strength Divergence indicator for MT4
Renaud Herve Francois Candel
5 (2)
Bar Strength Divergence Indicator for MT4 BarStrength Indicator is an exclusive indicator to trade Forex, Stocks, Indices, Futures, Commodities and Cryptos. BarStrength Indicator shows the strength of each candle. The indicator shows in a separate windows candles relatively to 2 price levels representing resistance and support in the market. Once candle is near resistance it is highly probable that price movement will change direction and will go down in the next candles. Once candle is
Fisher Kuskus indicator for MT4
Renaud Herve Francois Candel
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Keltner Channel Indicator Keltner Channel is an oscillator like Bollinger Bands. Keltner Channel is a very good tool to time entries for your strategy. Keltner Channel displays a channel where price is supposed to stay unless we are in overbought or oversold situations. Various strategies use Keltner Channel indicator successfully to spot overbought / oversold situations and look for reversals. Keltner Channel indicator uses ATR to determine overbought and oversold situations. Inputs of the
Heiken Color Indicator for MT4
Renaud Herve Francois Candel
Heiken Color Indicator Heiken Color is a simple indicator showing Heiken Ashi candles color, not in your chart but rather in a separate window. The indicator is useful if you want to use Heiken Ashi indicator without changing your chart display. Heiken Ashi can be used to filter signals or spot better entry after another indicator gave you a signal. Heiken Color indicator has no inputs. Heiken Color indicator can be used with any class of assets: Forex, Stocks, Indices, Futures, Commod
FX Sniper Magenta Indicator FX Sniper Magenta is an exclusive and   leading indicator   to trade Forex with your Metatrader trading platform. FX Sniper Magenta is able to analyze market participants behavior and to predict changes in the price direction even before movement starts. Most indicators are lagging indicators and are useless. FX Sniper Magenta is a unique   leading indicator . The indicator displays arrows in your chart (please see screenshot attached) showing the probable direc
FX Sniper Yellow Indicator FX Sniper Yellow is an exclusive   leading indicator   to trade Forex with your Metatrader trading platform. FX Sniper Yellow is able to analyze market participants behavior and to predict changes in the price direction even before movement starts. Most indicators are lagging indicators and are useless. FX Sniper Yellow is a unique   leading indicator . The indicator displays arrows in your chart (please see screenshot attached) showing the probable direction of
FX Sniper Orange Indicator FX Sniper Orange is an exclusive indicator to spot situations where market has gone too far and market could reverse soon after. The indicator displays arrows in your chart indicating probable future price action (see screenshot attached). By default, it uses orange arrows. FX Sniper Orange never repaints. Once candle is closed signal is confirmed and arrow will never disappear. Users of the indicator can setup alerts when new arrows are displayed in the chart.
VWAP indicator for MT4
Renaud Herve Francois Candel
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Normalized Volume 99% of indicators are based on price analysis. This indicator is based on volume. Volume is overlooked piece of information in most trading systems. And this is a big mistake since volume gives important information about market participants. Normalized Volume is an indicator that can be used to confirm reversal points. The indicator code volume with colors indicating high, normal and low volume. You could enhance dramatically your trading system using volume analysis
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Daily Pivots Multi Indicator Daily Pivots Multi is an exclusive indicator to draw your pivots levels and much more. Most indicators draw daily pivots for the day. Daily Pivots Multi is able to draw levels for different days. The indicator can do the calculation for unlimited number of days backward. It means that you can draw the levels for today but also for the past days. This is very useful if you want to study a strategy with Pivots levels over a period of time. Another problem is th
Dashboard Display Indicator With the Dashboard Display indicator you can create a nice, customized and professional dashboard in a few minutes. You can create your personal dashboard and have a look at a glance at real time data. You can use the Dashboard Display indicator with any symbol of your platform. The inputs of the indicator are: Symbol : symbol name as it appears in your platform (or VIX or DXY for specific symbols) DisplayName : name of symbol as it should appear in the disp
Smart Moving Averages Indicator Smart Moving Averages is an exclusive indicator for Metatrader platform. Instead of calculating moving averages for the selected chart time frame, the Smart Moving Averages indicator gives you the opportunity to calculate moving averages independently from the chart time frame. For instance you can display a 200 days moving average in a H1 chart. Inputs of the indicator are: Timeframe : timeframe to be used for the calculation of the moving average Perio
Market Momentum Alerter for MT4
Renaud Herve Francois Candel
Market Momentum Alerter Market Momentum Alerter will inform you about danger to operate in the market. Imagine you see a very nice setup (Forex, Stocks, Indices) and you decide to place your trade... And you finally lose your trade and don't understand what happened. This can happen due to big operations in the market carried out by banks and big institutions. These operations are invisible for most people. Now with the Market Momentum Alerter you will be able to detect those operation
Matrix indicator for MT4 by ITC
Renaud Herve Francois Candel
Matrix Indicator Matrix Indicator is a simple but effective indicator. Matrix indicator displays usual oscillators indicators in a user friendly color coded indicator. This makes it easy to identify when all indicators are aligned and spot high probability entries. Inputs of indicator are: Indicator: RSI, Stochastic, CCI, Bollinger Bands Param1/Param2/Param3: usual settings for the indicator ValueMin: Oversold level for oscillator ValueMax: Overbought level for oscillator The indicator
Trend Direction ADX indicator for MT4 Trend Direction ADX is part of a series of indicators used to characterize market conditions. Almost any strategy only work under certain market conditions. Therefore it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc.. Trend Direction ADX is an indicator to be used to characterize trend direction: trending up trending down ranging Trend Direction ADX is based on ADX standard indi
Trend Strength MA indicator Trend Strength MA is a part of a series of indicators used to characterize market conditions. Almost any strategy only works under certain market conditions. Therefore, it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc. Trend Strength MA is an indicator to be used to characterize trend strength: Up extremely strong Up very strong Up strong No trend Down strong Down very strong Down extremely
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Version 1.30 2023.07.04
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