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Menora Indicator

Menora (All In One) Indicator.

This is the advanced and premium indicator for the Magic Trend, a free indicator.  It has 3 output signals driven by different market conditions. This indicator has a double function of working as an indicator and utility at the same time.


1] 3 output signals

a) Slow Moving Average with color change - The MA has a non-repaint color change, which makes it perfect for entry signals.

b) Fast Moving Average (the original Magic Trend line) - Gives a signal from a combination of other indicators. It repaints and is perfect to use as an exit signal. Can only be used as an entry signal in combination with the slow MA.  Green color = buy, red color = sell, white color = no signal. 

c) Magic Alerts - These are Alerts for buy and sell signals that you can use to confirm your directional bias.

2] Trend Strength Display

Displays whether the trend is strong or weak. Most profitable and volatile opportunities take place when the trend strength is strong.

3] Trading Sessions Display

Displays the names of the trading sessions that are open at the current time. Displays 5 trading sessions: New York, London, Sydney, Tokyo, and Frankfurt.

4] Account and Symbol Info Display

Displays the Account name, broker name, account type, margin level, balance, equity,  open profits, server date and time, local time, and Symbol spread.

5] User-friendly

simple and easy to use.

6] Works on any MT5 chart across all markets. 

7] Deletes everything from the chart once the indicator is removed.

Strategy Tips
One can use many strategies, but these are strategy tips you can observe when testing the indicator on a strategy tester.

1] Open a buy position when both the Fast and Slow MA turns green and exit the position/set your position to break even when the Fast MA turns to White/Red. Do vice versa for the sell trade.
2] Open a buy position when a green Fast MA crosses over a green Slow MA and exit when the Slow MA turns white/red. Do vice versa to open a sell position.

Important Points To Note!!!
1] NewYorkSessionOpenServerTime Parameter = Broker Time when the New York Session Opens.... Do not replace it with your local time for accuracy, lest your local time=server time!!!
2] I advise you to use black as your background color when using this indicator.

Bewertungen 1
fenix trading
fenix trading 2022.12.30 18:43 

Estoy muy agradecido con usted, esperemos siga mejorándolo felicidades.

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## Arbeiten Sie professionell mit WAPV Full und verfolgen Sie Wo ist das Geld der großen Spieler? Stellen Sie sich vor, Sie hätten ein Werkzeug in der Hand, das allein das Lesen übernimmt der wichtigsten Marktteilnehmer mit den besten Handelsregionen basierend auf Preis- und Volumenanalyse. WAPV Full ist ein komplettes Tool, das sich zu 100 % auf den Betrieb von R. Wyckoff konzentriert Neben der Abbildung von Marktbewegungen in Handelswellen werden auch Abbildungen erstellt den Markt, indem Sie
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Royal Wave Pro M5
Vahidreza Heidar Gholami
5 (2)
Royal Wave is a Trend-Power oscillator which has been programmed to locate and signal low-risk entry and exit zones. Its core algorithm statistically analyzes the market and generates trading signals for overbought, oversold and low volatile areas. By using a well-designed alerting system, this indicator makes it easier to make proper decisions regarding where to enter and where to exit trades. Features Trend-Power Algorithm Low risk Entry Zones and Exit Zones Predictions for Overbought and Over
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Legacy of Gann for MT5
Pavel Zamoshnikov
5 (3)
The indicator very accurately determines the levels of the possible end of the trend and profit fixing. The method of determining levels is based on the ideas of W.D.Gann, using an algorithm developed by his follower Kirill Borovsky. Extremely high reliability of reaching levels (according to K. Borovsky  - 80-90%) Indispensable for any trading strategy – every trader needs to determine the exit point from the market! Precisely determines targets on any timeframes and any instruments (forex, met
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Forex Master Pattern
Alberto Gauer Borrego
4.71 (7)
The Forex Master Pattern  is an alternative form of technical analysis that provides a framework which will help you to find and follow the hidden price pattern that reveals the true intentions of financial markets. This algorithm here does a good job detecting the Phase 1 of the Forex Master Pattern cycle, which is the contraction point (or Value).  On Phase 2 we get higher timeframe activation (also called Expansion), which is where price oscillates above and below the average price defined
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Arnold Kurapa
4 (1)
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Nasdaq Investor Ea This Ea is based on the strategy from the Menora (All In One) Indicator , which can be downloaded for free on the link below. https://www.mql5.com/en/market/product/91511?source=Site+Market+MT5+Search+Rating006%3amenora This Ea is not a get-rich-quick scheme. Rather, it is suitable for patient traders who want to profit in the long run. The technique is to cut losses short when wrong (even before the price reaches the stop loss) and to utilize profits on strong trends. Spe
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fenix trading
fenix trading 2022.12.30 18:43 

Estoy muy agradecido con usted, esperemos siga mejorándolo felicidades.

Arnold Kurapa
Antwort vom Entwickler Arnold Kurapa 2022.12.30 19:08
Muchas gracias por tu revisión.
Antwort auf eine Rezension