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Equalizer MT5

Equalizer MT5 is a trend indicator that can be used as:

  • trend filter
  • tigger entry
  • trailing stop

Trend filter: with blue histogram we have bull market; with red histogram we have bear market and; with gray histogram we have consolidated market.

The tigger: with the increase in the size of the histogram bars we can have possible entry points into a trend.

The trailing stop: in a trend, when the size of the histogram bars increases we can move the stop loss to the price bar corresponding to the histogram bar that has increased.

Note that, some assets require high period values and others do not. Therefore, adjust the timeframe by the inputs until it suits your trading style.

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Salmon Momentum
Tiofelo Da Olga Gilbert Teles
1. CONSTITUTION Salmon Momentum is an indicator consisting of two momentum oscillators (Waterfall and Salmon) and three dynamic bands (upper, middler and lower). 2. OPERATION CONDITIONS Buy signal:   When the Waterfall [thick line] is above the upper band.   Salmon [dotted line] crosses the upper band from the lower band. Sell signal:   When the Waterfall [thick line] is below the lower band.   Salmon [dotted line] crosses the lower band from the upper band. Use a trend filter, for example, EMA
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Version 1.2 2024.04.19
Removed the limitation on the number of bars when plotting the histogram.