Provlepsis Simple

  • Indicators
  • Ioannis Xenos
    Ioannis Xenos
    Hi! My name is Ioannis Xenos. As a Professional MQL Developer with over 12 years of experience in the IT industry, I have a strong track record of success in developing and implementing software solutions for financial services companies, including whenfx.com, ditto.trade, FXTRADING.com and two
  • Version: 1.0

Welcome to the Provlepsis Indicator

"Provlepsis" is a highly advanced indicator designed for the MQL Market.
By analyzing previous bars with the same time of the day, it accurately calculates the potential range of market movement, providing valuable insights into future price fluctuations.
Unlike the traditional ATR indicator, "Provlepsis" takes into account the time factor, resulting in a more powerful tool that adapts to different market conditions.
During nighttime, the indicator predicts a narrower range, while during active trading hours, it anticipates a wider range.

Gain a competitive edge in your trading strategy with the comprehensive range analysis provided by "Provlepsis."


You can check here the full version, where you can change the length and the shift of the Provlepsis Indicator!
https://www.mql5.com/en/market/product/98802


Why using Provlepsis

  • Range-based Trading: The indicator's ability to identify the potential range of market movement can be valuable for range-based trading strategies. Traders can use the indicator to identify key support and resistance levels within the projected range and execute trades accordingly.

  • Volatility Analysis: By considering the time factor, "Provlepsis" can provide insights into market volatility. Traders can use the indicator to gauge periods of low or high volatility and adjust their risk management and position sizing accordingly.

  • Time-sensitive Strategies: The indicator's focus on specific time periods allows traders to develop strategies tailored to different market sessions. For example, a trader might adjust their trading approach during the night when the indicator suggests a narrower range and adopt a more aggressive approach during active trading hours when a wider range is expected.

  • Trend Confirmation: "Provlepsis" can serve as a supplementary tool for trend confirmation. Traders can compare the indicator's projected range with the direction of the trend to validate the strength of the trend and make more informed trading decisions.

  • Stop Loss Placement: The indicator's range estimation can assist in determining appropriate stop loss levels. Traders can set their stop loss orders outside the projected range to allow for potential market fluctuations while still maintaining risk management.

Disclaimer:
It is important to note that while the "Provlepsis" indicator can provide valuable insights into potential price movements, it is not a guaranteed prediction or a foolproof trading strategy. Market conditions can be unpredictable, and price movements can deviate from historical patterns. Traders should exercise caution and conduct thorough analysis in conjunction with using the indicator. It is advisable to test the indicator on historical data or in a demo trading environment before implementing it in live trading. Additionally, past performance is not indicative of future results. Traders should always consider their risk tolerance, financial situation, and trading experience before making any investment decisions.


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Insta: @xignalcoding New release: Delta Quantum EA At Xignal-Coding, we're passionate about helping traders succeed in the markets. That's why we're excited to share with you our latest creation, the Simple CCI trading robot/tool. Our primary goal with this robot is to empower traders with a safe and reliable tool that helps them understand the CCI indicator and use it to their advantage in the trading assets of their choice. With the Simple CCI, you have full control over your trading strateg
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Welcome to the Advanced CCI trading bot and tool, your all-in-one solution for studying and trading your preferred assets. With this versatile tool, you have complete control over your strategy. By adjusting the various parameters, you can create a unique strategy based on the CCI indicator, including an MA filter, dynamic lot size, Kelly Criterion calculator, dynamic and trailing SL and TP levels, account protection specifically designed for those taking the FTMO or other prop firm trading ch
XC Regime Oscillator - Volatility-Adjusted MA Distance XC Regime Oscillator is a free technical tool designed to help traders understand market regime, trend pressure and statistically stretched price conditions. The indicator measures how far price is trading from a user-defined Moving Average and expresses this distance in volatility-adjusted terms using ATR. This approach transforms raw price deviation into a normalized oscillator that adapts automatically to changing market conditions. By co
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Welcome to the Pair Spread Oscillator by Xignal Coding! Ever wondered if you could monitor one asset against another—typically correlated—and spot opportunities? That’s exactly what you can do with the Pair Spread Oscillator! The Pair Spread Oscillator calculates the distance between your selected instruments and provides the mean distance and the standard deviation of your choice. This way, you can easily identify when these two instruments are moving in different directions and act before the
Easy Correlations Indicator The Easy Correlations Indicator is designed to help traders analyze the relationship between two correlated instruments. By monitoring the distance between their Relative Strength Index (RSI) values, the indicator highlights situations where one instrument has moved significantly further than the other. This creates potential trading opportunities: Sell the stronger instrument (overstretched RSI) Buy the weaker instrument (lagging RSI) Because the positions are opened
FREE
Provlepsis
Ioannis Xenos
Welcome to the Provlepsis Indicator "Provlepsis" is a highly advanced indicator designed for the MQL Market. By analyzing previous bars with the same time of the day, it accurately calculates the potential range of market movement, providing valuable insights into future price fluctuations. Unlike the traditional ATR indicator, "Provlepsis" takes into account the time factor, resulting in a more powerful tool that adapts to different market conditions. During nighttime, the indicator predict
Meet Master Oscillators, a bot that makes trading simple and flexible! Choose from RSI, CCI, or Stochastic signals and build your own strategy. This bot gives you many tools, like MA filter, dynamic lot sizes, Kelly Criterion calculator, dynamic SL and TP levels, and more. No matter your trading style, Master Oscillators is here for you. It gives you important info, stats, and more, while always keeping your trading safe. If you've ever wanted to build your own trading bot but didn't know how,
Easy Correlations
Ioannis Xenos
4.2 (5)
Discover the Simplicity of Trading Correlated Symbols with Easy Correlations Have you ever wanted to effortlessly master trading correlated symbols? Meet 'Easy Correlations' - your new best friend in navigating the intricate world of market correlations. Our tool is designed to simplify the complexities of trading, turning a challenging strategy into an accessible and profitable experience. The Concept Made Simple : At its core, 'Easy Correlations' revolves around a straightforward idea. Find
XC Trade Manager
Ioannis Xenos
5 (1)
XC Trade Manager for MT5  Manage Your Trades with Precision and Ease Welcome to XC Trade Manager, the ultimate solution for traders seeking efficient and intuitive trade management on the MT5 platform. Developed by xignalcoding.com, our seventh product in the MQL5 Market lineup, the XC Trade Manager is designed to streamline your trading experience, allowing you to focus on what truly matters—making informed trading decisions. Key Features 1. Orders Tab Effortlessly place and manage your trades
Prop Grid
Ioannis Xenos
5 (1)
XignalCoding Prop Grid EA Build your own strategy. Pass prop firm challenges with confidence. The XignalCoding Prop Grid EA is a highly flexible and powerful trading tool designed for traders who want full control over their strategy, grid system, and risk. Whether you're testing ideas or aiming to pass prop firm challenges like FTMO, this EA gives you the structure and safety you need. Main Features Custom Strategy Creation Choose your entry signal: RSI, CCI, Stochastic, Williams, Bollinger Ba
Welcome to Correlation Signals by Xignal Coding! Unlock hidden opportunities in the markets with our powerful correlation matrix . Whether you trade Forex, Cryptos, Indices, or Commodities, Correlation Signals helps you spot assets that move together — and tells you when their relationship creates a trade-worthy opportunity. The program continuously monitors your selected assets. When a temporary distance appears between correlated pairs, you get a clear signal: Buy the weaker asset Sell the st
Delta Quantum
Ioannis Xenos
Delta Quantum EA by Xignal Coding This price is for the first 20 purchases. Next price -> 100$ Delta Quantum is a mean reversion Expert Advisor designed for traders who want both simplicity and power. It calculates the Delta (distance) – a unique measurement that highlights potential turning points in the market – and uses this as a signal for precise entries. Why choose Delta Quantum? Beginner-friendly with ready-to-use defaults for EURUSD H1. Advanced customization for traders who want to take
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Lenia_Krou
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Lenia_Krou 2023.07.08 22:39 
 

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Ioannis Xenos
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Reply from developer Ioannis Xenos 2023.07.08 22:45
Thank you for your kind review!
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