Technical Indicators for MetaTrader 5 - 60

Adaptive Momentum Oscillator (AMO) – Next-Gen Momentum Indicator Overview The Adaptive Momentum Oscillator (AMO) is a powerful technical analysis tool that dynamically adjusts its sensitivity to market conditions by incorporating adaptive lookback periods, noise filtering, and normalization techniques . Traditional momentum indicators use fixed lookback periods, which can lead to inefficiencies in trending and ranging markets. The AMO overcomes this limitation by adapting its calculation based o

Produto Teste para testar chaves e validações. Ao instalar entre em contato. Mais informações entrar comunicação Instalando por favor revisar os testes querendo mais informações leia as instruções podendo estar errado entrar em contato Espero que este indicador auxilie nos trades dos usuários. O indicador será avaliado em outras metodologias para melhor atender

Session MA Created by Denis Kislitsyn | denis@kislitsyn.me | [ kislitsyn.me ]( https://kislitsyn.me/personal/algo ) Version: 1.0 SessionMA is a specialized Moving Average (MA) indicator for MetaTrader 5 that calculates the MA only on bars that fall within a specified session time window. Unlike standard MA indicators that calculate across all available bars, SessionMA filters calculations to include only the data points that occur during your defined trading session. This indicator is particu

The indicator displays the chart of an arbitrary combination of trading instruments, described by the entered arithmetic formula. Using the indicator. Add an indicator to any chart. Enter the formula as a string in the indicator's parameters. All symbols used in the formula must exactly match the names in the table "Market Overview" of the terminal. Example of the formula: (SIBN + SNGS) / 'RTS-3.19' + 2.5 * GAZP / LKOH Start the indicator The formula must meet the following requirements: The nam

MACD Signal Pro – Многовременной сканер MACD Signal Pro – это продвинутый индикатор, разработанный для трейдеров, которым нужны четкие, отфильтрованные и подтвержденные сигналы на разных таймфреймах. Он сочетает в себе мощь классического MACD с интеллектуальным многовременным сканером, отображаемым в современном визуальном интерфейсе, чтобы избежать ложных сигналов и повысить точность входа. Идеально подходит для Форекс, индексов, криптовалют и металлов. ОСНОВНЫЕ ХАРАКТЕРИСТИКИ

【SecMode Series】SecModeCMO – High‑Resolution Tick‑Based CMO Indicator Overview SecModeCMO is part of the SecMode Series , a next‑generation suite of indicators designed to reveal the micro‑structure of price action at the tick/second level —a level of detail that traditional 1‑minute indicators cannot capture. While standard indicators refresh only once per minute, SecModeCMO uses a proprietary second‑level engine to: Update up to 60 times per minute (or at user‑defined intervals) Visuali

During volatile market conditions brokers tend to increase spread. int OnCalculate ( const int rates_total,                  const int prev_calculated,                  const datetime &time[],                  const double &open[],                  const double &high[],                  const double &low[],                  const double &close[],                  const long &tick_volume[],                  const long &volume[],                  const int &spread[])   {    int spread_array[];   

Eldry extreme is an efficient oscillator that gives good entries points. Similar to stochastic but more powerful. Follow trends with high accuracy signals giving by crossover. Makes your tades positions with more confidence. Adaptable to all timeframes and charts.Just paste the file into MQL5/Indicators on mt5 and enjoy. Don't hesitate to contact me.

This indicator draws a price area in which the volume percentage was traded the day before. The chart shows the days with vertical lines and two horizontal lines to indicate the upper price and the lower price of the percentage of volume was traded the day before. The upper/lower lines start and end with the day calculated. But they are referred with the values of the day before. NOT the day in which are. With this indicator you can see where the volume moved in the day before. It uses percenti

Suitable for the EurTrendSniper trend indicator. Please download and place it in the Indicators folder of MT5. A key element in trading is identifying the areas or levels where decisions are made to buy or sell financial instruments. Although major participants attempt to hide their presence in the market, they inevitably leave traces. Our task is to learn how to identify these traces and interpret them correctly. Bullish Signal: The price (candlestick) is above the band-colored block, the ban

This indicator show color of trend. And combined with the average line, but be used on the hightest price and the lowest of the 26 period. The target entry at the level and the point of the route between 2 line for entry and exit position This is a first version, many problems is not supported and fine. Expected a contected from your friends To continue to follow the good products

SuperTrend Indicator Code Description This code defines a custom indicator for the MetaTrader 5 platform called SuperTrend. The indicator is based on the Average True Range (ATR) to identify upward and downward trends in the market. Code Sections: Indicator Information: Defines the indicator's name, copyright, link, version, etc. Configures the indicator to be displayed in a separate window and have 9 internal buffers and 2 visible plots. Sets the properties of the plots (name, drawing type, col

An Adaptive Moving Average (AMA) is one more moving average overlay, just like EMA. It changes its   sensitivity to price fluctuations . The Adaptive Moving Average becomes more sensitive during periods when price is moving in a certain direction and becomes less sensitive to price movement when price is volatile. For more information, welcome to our Telegram Group.  https://t.me/InfinXx

The indicator is built on a principle similar to neural networks, and it calculates a multidimensional polynomial. When you install it on a chart or make changes to the indicator's parameters, or when you switch the chart period, the indicator is initially initialized. During initialization, not only the entire period of the chart is recalculated, but also the indicator is self-trained. The indicator's parameters include Sensitivity, Forecast, and degree of harmonization. The indicator theoretic

If your strategy requires trading during a certain period of market activity - calm or turbulent, this indicator will help you find such periods of time within a week for each currency pair using statistics. The principle of the indicator is quite simple. The entire trading week, from Monday 00:00 to Friday 23:59, is divided into timeslots, the duration of which corresponds to the current timeframe. For each timeslot, activity is calculated - the average value of the difference between the slow

A simple indicator showing the size of the spread at the current time, the maximum for the day and the maximum for the entire duration of the indicator. Daily statistics of the maximum spread are also displayed, indicating the time when this spread was fixed. The location of the display of the received information can be changed depending on your preferences and positioned anywhere on the screen. It is possible to output alerts about exceeding the size of the spread specified in the input pa

# Spread Watchdog Indicator - Professional Spread Monitoring Solution ## Product Overview The Spread Watchdog Indicator is a professional trading tool designed to monitor and analyze price differentials between two financial instruments in real-time. Perfect for spread traders, arbitrage strategies, and market analysis. ## Key Features ### Real-time Spread Monitoring - Continuously tracks price differences between two selected symbols - Displays current spread values in a separate ind

Добрый день. Сегодня добавили вспомогательный индикатор тренда DveMashkiTompson, идея взята из аналога МТ4 и перенесена на МТ5, используется совместно с индикаторами Тренда ТМА и МА, рисует красные и зеленые области в зависимости от направления рынка. Тренд вверх -зеленые области, тренд вниз -красные.Области основываются на пересечении индикатора МА, таким образом данный индикатор дает информацию графического содержания для более быстрой оценки ситуации и принятия решения.

A simple and highly effective Strength and Weakness currency indicator that can be used to aid your fundamental and technical analysis for winning trade decisions. The indicator is very easy to use and can be applied to all time frames. FX Tiger uses an advanced algorithm to calculate a score table for all major currencies. Green indicates currency strength and red indicates currency weakness. Once you have identified the strong and weak currencies, pair strong versus weak currencies and comb

ForexBob Candle Timer   Is an amazing   countdown  time indicator which shows the time remaining for next candle to open. It can be used on any timeframe. It helps to plan your next trading action. Inputs are simple Color - To change the color of displaying time. Size - To set the size of font Next for settings are used to set the location of time Font - To change the font type. Please check my other products here  https://www.mql5.com/en/market/my

The RFOC Symbol Background was created to display the name of the asset and the current timeframe in the background of the chart. Displaying the name of the asset at the bottom of the chart is often used by traders who are designing the screen for spectators, making it easier to identify the asset and the timeframe during a class, for example. It is available for the user to select the font size (small, medium or large) and select the color for better viewing according to the background color

*Used by MeditionSeed EA.  Meditation is a practice in which an individual uses a technique – such as mindfulness, or focusing the mind on a particular object, thought, or activity – to train attention and awareness, and achieve a mentally clear and emotionally calm and stable state.[1][2][3][4][web 1][web 2] Plant a Meditation Seed to have wonderful future.

A custom indicator that displays a real-time countdown showing how much time remains before the current candle closes and the next one opens. Equipped with a 10-second audio countdown , providing a visual–auditory reminder so traders don’t miss critical moments before a candle closes and can execute decisions with precision. Highly useful for traders who rely on precise timing  whether for entries, exits, or analyzing momentum that forms exactly at candle open and close.

O indicador mostra o preço ou volume em milissegundos, ótimo para identificar padrões de entrada por agressão de preço ou volume e escalpelamento rápido. Características Período de tempo do WPR em milissegundos Oscilador de agressão de preço Tela personalizável O indicador pode indicar movimentos de entrada, como: Cruzamento da linha 0.0 Identificando padrões de onda A velocidade de exibição do gráfico dependerá do seu hardware, quanto menores os milissegundos, mais serão necessários do hardwar

This is a tool to estimate your probability of bankruptcy. features. estimate a probability of bankruptcy (Nauzer J. Balsara) from your trade history usually, it is small print and never interfere with trades alert in large prints and color when it exceed the alert level you can set parameters(i.e. winning ratio) fixed and simulate freely *1: this value is for reference only and is not guaranteed to occur.

The forex spread is   the difference between a forex broker's sell rate and buy rate when exchanging or trading currencies . Spreads can be narrower or wider, depending on the currency involved, the time of day a trade is initiated, and economic conditions. Forex   Spread WatchDog : This Forex indicator ensures that you are getting the best spreads while trading, and guards against broker   spread   widening.

Automate Your Strategy! Use the Daily Drop Analyzer Expert Advisor to automatically execute the strategy, with configurable filters, parameters, and order management. Check it out here: Daily Drop Analyzer EA The Step Analysis Indicator performs an automated backtest of a simple daily strategy: buy when the price drops a certain percentage from the previous close and sell at the same day's close (or vice versa for short strategy). It tests multiple entry percentages ("steps") and displays the

An improved version of the standard Standard Deviation indicator. It is now a responsive and smoothed line. The setup is not straightforward - but I hope you can do it. It is very easy to understand the readings of this indicator, the meaning is the same as that of the usual Standard Deviation. //////////////////////////////////////////////// /////////////////////////////////// I hope this indicator will be very useful to you in successful trading. Good luck.

"Moving Ratio Candle" is used to check the distance of a candle to a theoretical pressure point. Furthermore, we have two points of interest, the first for the mean and the second for the median. This indicator uses the shape of bars and the line that crosses the bar from left to right is based on the calculation of the closing price for both sides. The rest follows a more standard calculation. The same could be done as a line, but I want to know the behavior of this indicator in relation to the

*Used by MeditionSeed EA.  Meditation is a practice in which an individual uses a technique – such as mindfulness, or focusing the mind on a particular object, thought, or activity – to train attention and awareness, and achieve a mentally clear and emotionally calm and stable state.[1][2][3][4][web 1][web 2] Plant a Meditation Seed to have wonderful future.

Take control of your trading workspace with the Switcher Dashboard – a smart and efficient tool that auto-detects all open charts (Forex, VIX, stocks) and turns them into neatly organized, color-coded buttons for instant chart switching.  Key Features: One-click chart navigation – Seamlessly switch between charts with a single click. Trend visualization – Instantly identify bullish or bearish conditions with clear color cues. Flexible layout options – Choose from 4 customizable views (left, righ

Introducing the “Symbol Cost Info MT5” indicator – your ultimate tool for staying ahead in the forex market! This innovative indicator is designed to empower traders with real-time cost information, directly on their charts. Here’s why every trader needs the “Symbol Cost Info MT5” in their arsenal: Real-Time Spread Monitoring : Keep a close eye on the spread for any currency pair, ensuring you enter the market at the most cost-effective times. Pip Value at Your Fingertips : Instantly know the v

GeoInfo5 is one of the most informative indicators, it displays basic information about a trading instrument in a compact form. The version for the Meta Trader 4 terminal has gained wide popularity among traders. The indicator is free and will always be free. The launch version is now available for MetaTrader 5 as well. displays information about the main parameters of the tool in a brief form in the line in the upper left corner of the chart: Spread, Swap for Buy order, Swap for Sell order, c

This indicator saves the chart as a template when you change the symbol. It also loads the template from the new symbol. Therefore you are able to save all objects that you have drawn on the chart. It is an addition to the Watchlist Indicator. How to use it: - Pull the indicator to the chart - The first parameter defines which timeframes are saved into one file. An example: If you do not want to see a drawn object (e.g. line) from D1 in M1 you need to specify the timeframes. - The default valu

Critical Trading, Omni-Channel This indicator lets you create a unique channel from a base type and a range type. Channels are great for spotting over-extensions or the start of new trends. With an ever changing market it is important to create your own edge in the market that no one else has. Let Omni-Channel add to your unique trading strategy. Please contact criticaltrading@outlook.com for more info or advice on adding any other functionality.

This indicator collects and systematizes the data about the spread. Its code was profiling several times and optimized in such a way that despite the presence of graphics not to slow down the work of the MT5 terminal. In addition, the indicator provides for the mode of complete invisibility (while the indicator continues to collect data and save it). Having returned to the visual display mode, you can see the work done by him. Advantages and capabilities of the SpreadFix indicator: 1. Collects

This is a free helper indicator for MT5 that will help traders setup their constant volume charts depending on their trading style. It will calculate the number of ticks that your constant volume chart should have depending on the following trading styles: Scalper Active Day trader Day trader Swing trader Position trader   Instruction video attached. Enjoy!

Product Description: Adaptive Y-Axis Scaling is a powerful MT5 indicator designed to enhance your trading experience by providing precise control over the Y-axis (price) scaling of your charts. This innovative tool allows you to customize the price scaling by specifying the number of pips from the visible chart's highs and lows. The calculated price range from this input is then used to set the maximum and minimum prices for the open chart, ensuring an optimized and comprehensive view of market

Display the date, time and price according to the movement of the mouse cursor on the chart This is useful for discretionary trading. It is an indispensable tool for verifying and studying past market prices and trades. Characteristic Date,Time and Price are displayed. The value follows the movement of the mouse. You can change the color of the text. Please refer to the video on youtube. For MT5 only.

The Available Range Bands Technical Indicator draws two lines on the chart indicating the maximum limits (bands) expected for buying and selling for the current period (candle). These limits can be accessed by buffers 0 and 1 respectively. In addition, it displays in the lower right corner the current average values of the real volatility, the last price, the predicted range of movement available for buying (% and points) and the predicted range of movement available for selling (% and points)

Session Average Date Range: Analyze and average the low - high of specific trading sessions within custom date ranges, offering insights into price movements and market behavior over selected periods. The "Session Average Date Range" tool is an advanced analytical utility designed to empower traders and analysts by allowing them to dissect and evaluate the high and low range of specific trading sessions within a user-defined date range. This tool provides a flexible and precise approach to analy

This indicator shows the value of returns in the selected time frame They are calculated as logarithm of returns , rather than price or raw returns. For small returns, arithmetic and logarithmic returns will be similar. The benefit of using returns, versus prices, is normalization. It is possible measures all variables in a comparable metric despite originating from price series of unequal values Inputs You can display data both as a Histogram  or a   Line It's also possible to display  the a

Composite Force Index (CFI) – Multi-Dimensional Trading Indicator CFI [ Core Features ] 4-Dimensional Analysis combining: Quantum Temporal Flux (Price Dynamics) Chaos Index (Volatility Mapping) Harmonic Patterns (Cyclical Structures) Force Index (Volume + Momentum Fusion) Adaptive Logic including: Dynamic weighting based on market conditions Auto-adjusting signal threshold ( adaptive_sensitivity ) 3-bar statistical validation ( ValidateSignal ) Professional Visuals : 3-color histogram (B

XFlow shows an expanding price channel that helps determine the trend and the moments of its reversal. It is also used when accompanying transactions to set take profit/stop loss and averages. It has practically no parameters and is very easy to use - just specify an important moment in the history for you and the indicator will calculate the price channel. This is a demo version limited to CHF currency pairs. Designed to familiarize you with the interactive use of XFlow DISPLAYED LINES ROTATE

Displays symbol tabs for easy access when trading, symbols that are coloured are symbols you have trades running on. The indicator immediately shows the specified currency pair in the open window after clicking it. You no longer need to open a new window to view each chart thanks to the indicator. Additionally, it enables traders to concentrate on their trading approach by just keeping a small number of charts displayed.  

Aydmaxx Trade Tracker Description: Aydmaxx Trade Tracker is a powerful and user-friendly tool for traders, allowing you to monitor the current profit or loss for each trade in real-time. The indicator displays the information directly on the screen, helping traders quickly assess the results of their trading operations. Key Features: Displays the current profit or loss for all open positions in real-time. Customizable corner of the screen for displaying information (default is the bottom right c

Not everyone can write an indicator. But anyone can have an idea. The indicator Universal Main Window Free MT5 , which takes as an input parameter the formula by which the indicator line will be drawn, will help to implement it. This indicator is intended for use in the main chart window. All indicators of the series Universal : Main window Separate window Free MT4 Universal Main Window Free MT5 Universal Main Window Free MT5 MT4 Universal Separate Window Free MT5 Universal Separate Window Fre

Индикатор SpreadTimeInfo Многофункциональный индикатор для отслеживания времени сессий, спреда и торговых инструментов. Основные возможности Отображение времени до открытия/закрытия Американской сессии Таймер обратного отсчета до закрытия текущей свечи Мониторинг спреда с визуальным предупреждением Русскоязычные названия более 100 торговых инструментов Автоматический учёт выходных и праздничных дней Настройки индикатора ### Американская сессия - Время открытия NY (в вашем времени)

This indicator displays the Daily Range of a selected pair directly on your chart, providing a clear and concise view of the pair’s movement for the day. It simplifies tracking how far a pair has moved, offering traders a practical advantage in analyzing market activity. This feature is especially useful for making faster and more accurate trading decisions. Whether you’re a beginner or an experienced trader, it helps streamline your strategy by highlighting key market insights in real-time.

Индикатор отображает изменение баланса В правом нижнем углу окна. Отображаются следующие периоды Сегодня  Вчера  3 дня  Неделя 10 дней  Месяц 3 месяца Полгода Год  Все время  Есть возможность выставить расчетное время. Удобно пользоваться для расчетов прибыли/убытков с определенного часа. Будет полезен например ночным скальперам. Данные совпадают с расчетами отчета в терминалее.

Chart Candlestick scale 2 zoom will visible instead of just a tiny unrecognized line make it look neat and tidy Instruction. If you don't like the candles colors, you can do so by changing color. read below: -Colors must be changed in the indicator setting. -It won't change through the Chart properties to modify. -After changing the color, save it as template so it wont change the colors to default value.

On Off Trade On Off Trade — это индикатор для MetaTrader 5, который выводит прямо на график статус рынка и расписание торговых сессий. Возможности: Показывает, открыт ли рынок сейчас ( СТАТУС: РЫНОК ОТКРЫТ / ЗАКРЫТ ). Отображает активную торговую сессию: время начала и окончания. Если рынок закрыт — указывает, когда начнётся следующая сессия. По желанию можно включить полное расписание всех сессий на неделю с подсветкой текущего дня и активной сессии. Автоматическое обновление данных кажды

The indicator has only one parameter - the number of bars for analysis. The indicator calculates statistics for when the market was moving down, when it was moving up, and the number of bars for each movement. From this data, the average number of bars is calculated, which is displayed in the indicator window. If the indicator values sharply decrease, then the market is preparing for an upward movement. If the indicator values persist at high levels for an extended period, then the market is pre

The indicator shows the price change of the current or any other instrument since the beginning of the day / week . You can choose to display it in points or as a percentage relative to the opening price of the beginning of the period . The indicator is made in the form of a histogram with two colors , for ascending and descending price changes . You can also choose which tool to show the data for . The data will be displayed on the current chart .

Not everyone can write an indicator. But anyone can have an idea. The indicator Universal Separate Window Free MT5 , which takes as an input parameter the formula by which the indicator line will be drawn, will help to implement it. This indicator is intended for use in the separate chart window. All indicators of the series Universal : Main window Separate window Free MT4 Universal Main Window Free MT5 Universal Main Window Free MT5 MT4 Universal Separate Window Free MT5 Universal Separate Wi

Sometimes swaps are hidden for certain financial instruments , hence incurring unprecedented costs over night. The need to uncover hidden swap costs is vital for profitable trading. With that being said, this expert indicator helps the trader to uncover the hidden swap costs. Features chart objects with text short and long trade swap plug and play Advantages uncover hidden swaps plug and play, no other configurations are needed to use it. usable on all charts and symbols swaps can be easily s

LPE – Low Probability Environment Price: $0 Platform: MetaTrader 5 Type: Market Condition Indicator (Non-Automated) Overview LPE (Low Probability Environment) is a market condition indicator developed as part of the GomerAI market research framework. It is designed to identify periods when market structure and behavior are statistically unfavorable for high-confidence trading decisions. Rather than attempting to predict price direction or generate entry signals, LPE focuses on classifying the c

The indicator draws a colored histogram from comparisons of the strengths of bulls and bears. It works like this: The values ​​of two indicators Bears and Bulls are taken, who is stronger on the candlestick is compared, the column is filled in. It's all. .

AZ Mini ATR Indicator By popular demand, I've created a miniature version of the ATR indicator. In addition to its basic functions, such as calculating the average ATR based on specified parameters, it can change the color of a text bar depending on how far the price has already moved. If the price has moved more than 110% of its average ATR, the bar turns red; if it has moved less than 80%, the bar is green. The colors and parameters that influence the color change are configurable. This feat

The Chandelier Exit, introduced by Charles LeBeau, is described in "Come into My Trading Room" book. It calculates each stop on a long position in an uptrend from the highest point reached during that rally, and gets its name from the chandelier, which hangs from the highest point in the room. The Chandelier Exit uses a multiple of the Average True Range (ATR), subtracting it from the highest high since the trade was entered. It creates a new trade whenever the previous trade is stopped out. Cha

One of the key rules in trading is never move your stops in such a way that your risk increases. Our stop sequence shows the automatic tightening of stops. They appear as a series of decreasing risk points until the trade is eventually stopped out. The problem is that if you enter a trade at any other point than the initial dot of the sequence, you may be placing the stop too close. Stop-entry plots show you the initial value for the stop for each bar. You can use them when you put on a trade, a

The Chandelier Exit, introduced by Charles LeBeau, is described in "Come into My Trading Room" book. It calculates each stop on a short position in a downtrend from the lowest point reached during that decline. The Chandelier Exit uses a multiple of the Average True Range (ATR), adding it to the lowest low since the trade was entered. It creates a new trade whenever the previous trade is stopped out. Chandelier Stops differ from traditional stops by having the ability to move against you if the

One of the key rules in trading is never move your stops in such a way that your risk increases. Our stop sequence shows the automatic tightening of stops. They appear as a series of decreasing risk points until the trade is eventually stopped out. The problem is that if you enter a trade at any other point than the initial dot of the sequence, you may be placing the stop too close. Stop-entry plots show you the initial value for the stop for each bar. You can use them when you put on a trade, a

Elder-Ray is made of both Bulls Power and Bears Power as described in "Come into my Trading Room" book. It is tracking the relative power of bulls and bears by measuring how far the high and the low of each bar get away from the average price. Elder-ray is an indicator developed by Dr. Elder and named for its similarity to x-rays. It shows the structure of bullish and bearish power below the surface of the markets. Elder-ray combines a trendfollowing moving average with two oscillators to show w

The purpose of Impulse Release is to prevent trading in the wrong direction. While the Impulse System operates in a single timeframe, Impulse Release is based on two timeframes. It tracks both the longer and the shorter timeframes to find when the Impulse points in the same direction on both. Its color bar flashes several signals: If one timeframe is in a buy mode and the other in a sell mode, the signal is "No Trade Allowed", a  black bar. If both are neutral, then any trades are allowed, showi

The Impulse System was first described in "Come into my Trading Room" book. It uses the direction of both the MACD-Histogram and an exponential moving average (EMA) of price to define an impulse. The rule is never to trade against the impulse. Its color code gives you several signals: When both the EMA and MACD-Histogram are rising, the Impulse system colors the bar color is green (no shorting permitted). When both the EMA and MACD-Histogram are falling, the Impulse system colors the bar color i

The MACD XOver indicator was developed by John Bruns to predict the price point at which MACD Histogram will reverse the direction of its slope. The indicator is plotted one day ahead into the future, allowing, if your strategy depends on MACD Histogram, to predict its reversal point for tomorrow (or the next bar in any timeframe). If the closing price tomorrow is above the value of this indicator, then MACD Histogram will tick up. If the closing price tomorrow is below the value of this indicat

The Market Thermometer is described in "Come into my Trading Room" book.  It measures the degree of volatility, as reflected in greater or smaller intraday ranges. When the Market Temperature spikes above its average or stays below its average for a number of days, it gives trading signals, as described in the book. Parameters: Thermometer_EMA_Length (22) – The length of the moving average of the Market Temperature. The default 22, the average number of trading days in a month. Spike_Alert_Facto

SafeZone is a method for setting stops on the basis of recent volatility, outside the level of market noise. It is described in "Come into my Trading Room" book. In an uptrend, SafeZone defines noise as that portion of the current bar that extends below the low of the previous bar, going against the prevailing trend. It averages the noise level over a period of time and multiplies it by a trader-selected factor. For long trades, SafeZone subtracts the average noise level, multiplied by a factor

One of the key rules in trading is never move your stops in such a way that your risk increases. Our stop sequence shows the automatic tightening of stops. They appear as a series of decreasing risk points until the trade is eventually stopped out. The problem is that if you enter a trade at any other point than the initial dot of the sequence, you may be placing the stop too close. Stop-entry plots show you the initial value for the stop for each bar. You can use them when you put on a trade,