• Overview
  • Reviews (4)
  • Comments (15)
  • What's new

Roman5 Pullback Meter

This is a pullback meter indicator that shows us where the oversold and overbought zones are. It combines three different technical indicators: Regression Channel, ATR Channel and HIGH LOW Channel. When the price is above the Regression Channel and ATR Channel - it shows the strength is strong (green) OR when the price is below the Regression Channel and ATR Channel - it shows the strength is weak (red). Then it is a good idea to double check with currency strength to confirm. It often comes to pullback opportunity.


Parameters

  • Select_TimeFrame - you can choose any timeframe. Default is PERIOD__CURRENT.

Section_A - Regression Channel Settings

  • Use_Regression_Channel - True or False. It shows the Regression Channel meter bar. Default is True.
  • A_degree - Power of Polynomial: 1= Linear; 2= Parabolic; 3= Third-power. Default is 1.
  • A_kstd - Regression channel width. Default is 2.
  • A_bars - the number of bars used for the indicator calculations. Default is 144.

Section_B - ATR Channel Settings

  • Use_ATR_Channel - True or False. It shows the ATR Channel meter bar. Default is True.
  • B_PeriodsATR - averaging period for Average True Range indicator (ATR). Default is 18.
  • B_MA_Periods - averaging period for Moving Average indicator. Default is 49.
  • B_MA_type - Moving Average method. It can be any of Simple, Exponential, Smoothed or Linear weighted. Default is Linear weighted.
  • B_Mult_Factor1 - width channel #1 from ATR center. Default is 1.6.
  • B_Mult_Factor2 - width channel #2 from ATR center. Default is 3.2.
  • B_Mult_Factor3 - width channel #3 from ATR center. Default is 4.8.

Section_C - High/Low Channel Settings

  • Use_High_Low_Channel - True or False. It shows the High/Low Channel meter bar. Default is True.
    1. If your timeframe is M1, it will look back 25 mins.
    2. If your timeframe is M5, it will look back 2 hours.
    3. If your timeframe is M15, it will look back 6 hours.
    4. If your timeframe is M30, it will look back 12 hours.
    5. If your timeframe is H1, it will look back 24 hours.
    6. If your timeframe is H4, it will look back 2.5 days.
    7. If your timeframe is D1, it will look back 1 week.
    8. If your timeframe is W1, it will look back 1 month.
    9. If your timeframe is MN, it will look back 1 year.

Section_D - Pairs Settings

  • Pairs - MT4 symbol. You can have more than one symbol, like this EURUSD, GBPUSD. Default is EURUSD, GBPUSD, EURGBP, USDJPY, EURJPY, AUDUSD, NZDUSD, and AUDNZD
  • Map_Symbol_XAUUSD - a gold mapped symbol, for example your MT4 has GOLD symbol, so you can set Map_Symbol_XAUUSD = "GOLD". Make sure you add "XAUUSD" to the Pairs parameter.
  • Map_Symbol_XAGUSD - a silver mapped symbol, for example your MT4 has SILVER symbol, so you can set Map_Symbol_XAGUSD = "SILVER". Make sure you add "XAGUSD" to the Pairs parameter.
Reviews 4
Natasha Diedericks
4193
Natasha Diedericks 2020.06.14 12:21 
 

Thanks

Aravind
6740
Aravind 2019.12.15 06:05 
 

I like the idea authro has implemented in this inidcator. Good indicator.

Mujeeb Abdul
1778
Mujeeb Abdul 2016.03.02 19:09 
 

Excellent Indicator

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Volume DeltaPanel is a very powerful indicator that read the supply on Market. It calculates the Delta from movement of the price and the difference of BUY volumes and SELL volumes. The Volumes are added to price and normalized to symbol points. Its special structure allows you to get all Time Frames values available on the platform MT4. Panel can show 28 instruments simultaneously all customizable according to the offer of the Broker. A good observation of this instrument can suggest great en
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HighLow Arrow Indi Free Version
Renaud Candel
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. It is just a visual help to have clean chart and see price action. The HighLow Arrow is used by traders using the Micro Trend System ( https://www.mql5.com/en/market/product/20589 ). 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 with the Micro Trend Sys
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Engulfing Bar Indicator
Renaud Candel
Engulfing Bar Indicator is a pattern recognition indicator for Forex and Binary Options. The Engulfing Bar Indicator is a slightly enhanced pattern of the popular engulfing candle. The strategy that comes with the Engulfing Bar is purely 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 a popup window EmailAlerts (true/fals
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MTF Supply Demand Zones
Georgios Kalomoiropoulos
Next generation of automated supply and demand zones. New and innovative algorithm that works in any chart. All zones are being created dynamically according to price action of the market. GET ALERTS WHEN A NEW ZONE IS FORMED  New Features: Alerts when a new Supply/Demand Zone is created. You have the possibility when a new zone is formed to get push notifications.  Zone width labels in pips One more timeframe on MTF. So now instead of 2 timeframes above the current you will be able to see 3 t
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Super Bollinger Bands
Mihail Matkovskij
This is a forward-looking indicator for trading on all instruments. An advanced version of Bollinger Bands indicator created by outstanding analyst John Bollinger. One of the main differences of Super Bollinger Bands indicator from its predecessor consists in displaying upper and lower bands behavior on the middle line with some specific colors. Thus, the indicator gives a trader some visual information about trend development at the moment, and not in the past, as majority of other indicators d
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Advanced Dashboard for Currency Strength and Speed
Bernhard Schweigert
CURRENTLY 20% OFF !! ⭐⭐⭐⭐⭐  Best Solution for any Newbie or Expert Trader! This dashboard software is working on 28 currency pairs. It is based on 2 of our main indicators (Advanced Currency Strength 28 and Advanced Currency Impulse). It gives a great overview of the entire Forex market. It shows Advanced Currency Strength values, currency speed of movement and signals for 28 Forex pairs in all (9) timeframes. Imagine how your trading will improve when you can watch the entire market using a sin
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TPA Sessions MT4
InvestSoft
"TPA Sessions" indicator is a very important tool to complement  "TPA True Price Action" indicator . Did you ever wonder, why many times the price on your chart suddently turns on a position you can`t explain?  A position, where apparently no support or resistance level, or a pivot point, or a fibonacci level is to identify? Attention!!! The first run   of the TPA Session indicator must be in the open market  for the lines to be drawn correctly. Please visit our blog to study actual trades wi
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ROMAN5 MovingAverage TS Indicator
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ROMAN5 Randomize EA
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Codewise Hotkeys
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ROMAN5 Time Breakout EA
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Filter:
Yeren
538
Yeren 2015.08.18 17:13 
 

Well, this indicator works really . Especially when you look for a pullback indicator with currency analysis, this will meet your requirements.

Great job !!

Mujeeb Abdul
1778
Mujeeb Abdul 2016.03.02 19:09 
 

Excellent Indicator

Aravind
6740
Aravind 2019.12.15 06:05 
 

I like the idea authro has implemented in this inidcator. Good indicator.

Natasha Diedericks
4193
Natasha Diedericks 2020.06.14 12:21 
 

Thanks

Reply to review
Version 1.2 2015.08.21
Fixed alert condition.
Version 1.1 2015.08.20
Added UP or DOWN alert system.