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MRA Index

5

You get Ea based on MRA Index for free as a Bonus in case of indicator purchase. 

For scalping I optimize sets on period of last 12 months and use it next 1 month, this way it works very well !

Default settings are just for visualisation, it can not be profitable with it, recommended set files I share with buyers.

The "MRA Index" forex indicator is a versatile tool that combines various technical elements to provide traders with valuable insights into potential market trends and entry points. It utilizes several features, including a Standard Deviation (STD) channel drawn in a separate window and a hybrid line that moves within this channel. Additionally, it offers buy and sell arrows based on specific conditions involving the hybrid line and the STD channel.

The hybrid line is calculated as (MFI + RSI) / 2 * ATR, where MFI represents the Money Flow Index, RSI stands for the Relative Strength Index, and ATR denotes the Average True Range. This formula provides traders with a composite value that accounts for both market momentum (MFI and RSI) and market volatility (ATR).

The buy arrow is generated when the hybrid line crosses the lower line of the STD channel from below to above. This signal suggests a potential upward trend reversal or entry point for a buy position. Conversely, the sell arrow is triggered when the hybrid line crosses the upper line of the STD channel from above to below. This signal indicates a possible downward trend reversal or a suitable moment to enter a sell position.

The indicator also offers users the option to enable or disable ATR from the hybrid line formula. This flexibility allows traders to customize the indicator based on their preferences and adjust its sensitivity to market volatility.

Furthermore, the "MRA Index" indicator provides the choice to activate or deactivate the Bollinger Bands (BB) as a filtering mechanism for drawing buy and sell arrows. When the BB filter is enabled, the indicator only draws a buy arrow if the closing price of a candle is above the lower band of the BB, and it draws a sell arrow if the closing price is below the upper band of the BB. This additional filtering helps traders to identify potential trend reversals with increased confidence.

Moreover, the indicator includes an optional filter known as the FTR filter. This filter paints the area below the hybrid line in different colors to indicate market conditions. A crimson color signifies a downward trend, a dodger blue color represents an upward trend, and a golden color indicates a flat or neutral market.

Overall, the "MRA Index" indicator provides traders with a comprehensive set of tools to analyze market trends, assess market volatility, and identify potential entry and exit points. However, it is crucial for traders to remember that no indicator can guarantee profitable trades, and prudent risk management should always be practiced. Traders are encouraged to use the "MRA Index" indicator in conjunction with other analysis techniques to make well-informed trading decisions.


Explanation of the Input Parameters:

  1. UseATR : Set this to "true" to include Average True Range (ATR) in the hybrid line formula, and "false" to exclude it.
  2. periodATR : The period used for calculating the Average True Range (ATR).
  3. periodMFI : The period used for calculating the Money Flow Index (MFI).
  4. periodRSI : The period used for calculating the Relative Strength Index (RSI).
  5. Std_Period : The period used for calculating the Standard Deviation (STD) for the channel.
  6. TimeFrame : The time frame used for the indicator's calculations (default is H4 - 4-hour timeframe).
  7. periodFTR : The period used for the FTR filter, which determines the coloring of the area below the hybrid line (FTR stands for Flat, Trend, Reversal).
  8. UseBB : Set this to "true" to enable the Bollinger Bands (BB) filtering for drawing arrows, and "false" to disable it.
  9. bbTF : The time frame used for the Bollinger Bands (BB) calculation (default is the current chart timeframe).
  10. bbPeriod : The period used for calculating the Bollinger Bands (BB).
  11. bbDeviat : The deviation used for calculating the Bollinger Bands (BB).
  12. bbPrice : The applied price used for calculating the Bollinger Bands (BB).
  13. History : The number of bars to calculate the indicator for. If set to 0, it will calculate for all available bars.
  14. alertsOn : Set this to "true" to enable alerts for buy and sell signals, and "false" to disable them.
  15. alertsMessage : Set this to "true" to enable pop-up message alerts.
  16. alertsPush : Set this to "true" to enable push notification alerts.
  17. alertsSound : Set this to "true" to enable sound alerts.
  18. alertsEmail : Set this to "true" to enable email alerts.

These input parameters allow traders to customize the behavior of the "MRA Index" indicator according to their preferences and trading strategies.


Reviews 6
Gerald Cowan
788
Gerald Cowan 2024.01.31 20:22 
 

Great seller

Jocys Julius
23
Jocys Julius 2024.01.29 17:41 
 

very helpfull seller, results looks good, looking forward, thank you

DownTheRabbitHole
352
DownTheRabbitHole 2023.08.28 00:17 
 

The MRA index is fantastic, but.. let me explain my findings. After live testing under low volume (Friday) even though the Fed ruined the trade a couple times.... and backtesting, adding multiple indicators as to test the accuracy... this indicator was giving numerous false signals Prior to adding Any indicator by the way, it probably had much to do with the Volume but adding in a Fibo Retracement indicator, and another (you do your homework) it helped to establish focus on better zones... I was able to increase my Hit rate by 15%. I have hundreds if not thousands of indicators, they are separated by accuracy, and value.... for me, this MRA Index hits both those points. I want to add, the Author is similar to a cardiologist, he is always on call, quick to respond to my questions and it's appreciated by myself and anyone else who needs help. Regards, DTRH

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PTS Divergence Buy Finder
PrecisionTradingSystems
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Indicator : RealValueIndicator Description : RealValueIndicator is a powerful tool designed specifically for trading on the EURUSD pair. This indicator analyzes all EUR and USD pairs, calculates their real currency strength values, and displays them as a single realistic value to give you a head start on price. This indicator will tell you moves before they happen if you use it right. RealValueIndicator allows you to get a quick and accurate overview of the EURUSD currency pair tops and bottoms,
IX Power MT4
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IX Power finally brings the unbeatable precision of FX Power to non-Forex symbols. It accurately determines the intensity of short, medium and long-term trends in your favourite indices, stocks, commodities, ETFs, and even cryptocurrencies. You can analyse everything your terminal has to offer. Try it out and experience how your timing improves significantly when trading. Read about our latest strategic development -  Easy scalping with IX Power Visit our all-new   Stein Investments Welcome
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Davit Beridze
5 (1)
Indicator customers will get Ea based on Fiter indicator for free as a Bonus. (watch video to see Ea in action) Fiter is EMA+ATR*RSI hibrid yellow line combined with Moving average red line, cross of which gives much smoother results than two simple Ma cross usage in trading. Effectiveness is proven by backtest and comparison with two simple Ma crosses. History shows that this method Fits with different market conditions and it can be boldly used in real manual trading for determining big trend
Indicator shows buy/sell arrows depending on volatility factor. Indicator does not repaint! It works on any pair and any timeframe. It is well tested through strategy builders and shows quite interesting results as a good filter indicator and as independent signaler as well (check the screenshots). It is possible to search for a lot of interesting parameters for profitable trading, some of which are shown on the screenshots. There are next inputs in indicator settings: N-volatility period; Level
Filter:
Gerald Cowan
788
Gerald Cowan 2024.01.31 20:22 
 

Great seller

Davit Beridze
6765
Reply from developer Davit Beridze 2024.02.03 18:23
thanks
Jocys Julius
23
Jocys Julius 2024.01.29 17:41 
 

very helpfull seller, results looks good, looking forward, thank you

Davit Beridze
6765
Reply from developer Davit Beridze 2024.02.03 18:22
thank you very much
DownTheRabbitHole
352
DownTheRabbitHole 2023.08.28 00:17 
 

The MRA index is fantastic, but.. let me explain my findings. After live testing under low volume (Friday) even though the Fed ruined the trade a couple times.... and backtesting, adding multiple indicators as to test the accuracy... this indicator was giving numerous false signals Prior to adding Any indicator by the way, it probably had much to do with the Volume but adding in a Fibo Retracement indicator, and another (you do your homework) it helped to establish focus on better zones... I was able to increase my Hit rate by 15%. I have hundreds if not thousands of indicators, they are separated by accuracy, and value.... for me, this MRA Index hits both those points. I want to add, the Author is similar to a cardiologist, he is always on call, quick to respond to my questions and it's appreciated by myself and anyone else who needs help. Regards, DTRH

Davit Beridze
6765
Reply from developer Davit Beridze 2024.02.03 18:22
thanks
Oscar
93
Oscar 2023.08.02 16:34 
 

Very good indicator. Writer is very helpful and shared his EA as gift. Product is profitable and efficient. Nice work!!

Davit Beridze
6765
Reply from developer Davit Beridze 2023.08.02 18:09
thank you very much
Epsilon Hogas
1468
Epsilon Hogas 2023.06.28 09:29 
 

when taking RSI, ATR, MFI into account this indicator can provide interesting information about how the current market moves, I am trying to have some fun on day/swing trading with it

Davit Beridze
6765
Reply from developer Davit Beridze 2023.08.02 18:09
thanks Epsilon
leavemealonepredators
227
leavemealonepredators 2023.06.28 06:02 
 

...

Reply to review
Version 2.1 2023.07.20
Bollinger Bands filter (BB) added. possibility to show arrows on price chart added. Flat zone on FTR filter added with Golden collor.