MT4 Market Cipher

Overview

Inspired by Tradingview’s falconCoin, The Market Cipher indicator is a momentum oscillator used to detect overbought/oversold conditions and potential trend reversals. Traders can also use it to spot divergences between price action and momentum for early entry or exit signals.

Configuration Guide

Core Indicator Settings

  • The indicator calculates momentum using a short-term and a longer-term average.
  • Momentum is plotted as a wave oscillating between overbought and oversold thresholds.

Overbought & Oversold Levels

  • There are two key zones each for overbought and oversold conditions:
    • Overbought Zone: Indicates potential bearish reversals.
    • Oversold Zone: Suggests possible bullish reversals.
  • Color-coded lines visually separate these zones for quick identification.

How to Use the Indicator

1. Overbought / Oversold Signals

  • When the momentum wave enters the overbought zone, watch for potential price declines.
  • When it dips into the oversold zone, it may signal a price rise.
  • Use these levels to time entries, exits, or take partial profits.

2. Divergence Strategy

  • Bullish Divergence: Price makes lower lows while momentum makes higher lows → potential buy signal.
  • Bearish Divergence: Price makes higher highs while momentum makes lower highs → potential sell signal.
  • Look for divergence especially near overbought/oversold areas to increase probability of success.

3. Combined Approach

  • Confirm divergence signals with overbought/oversold zones to filter out weak setups.
  • For example: A bullish divergence near the oversold zone is stronger than one in a neutral area.

Alert System

Notification Options

  • Enable alerts through messages, email, or push notifications depending on your platform settings.

Alert Conditions

  • Bullish Alerts: Triggered when momentum indicates a potential upward move.
  • Bearish Alerts: Triggered on momentum suggesting a possible downward move.

Visual Customization

  • Adjust line style and width to fit your charting preference.
  • Colors for overbought and oversold zones help clearly distinguish thresholds on the chart.

 


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Master head and shoulders patterns for better trading decisions A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. It predicts a bullish-to-bearish trend reversal and is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that a trend is nearing its end. [ Installation Guide | Update Guide | Trouble
PZ Double Top Bottom
PZ TRADING SLU
5 (1)
Indicators
Trade double tops and bottoms effectively The PZ Double Top/Bottom Indicator is a technical analysis tool that helps traders identify potential price reversal patterns in the market. These patterns, known as double tops and bottoms, are characterized by two consecutive peaks or valleys in the price of an asset. Double tops and bottoms are often seen as potential reversal patterns because they can signal a change in the direction of the current trend. [ Installation Guide | Update Guide | Troubl
Apex Break PRO MT4
Kestutis Balciunas
Indicators
Apex Break PRO is a non-repainting pivot trendline breakout indicator for MetaTrader 4. It detects pivot highs and pivot lows, draws dynamic sloped trendlines between consecutive pivots, and generates buy and sell signals when price breaks through those trendlines on a confirmed bar close. Every signal is filtered through up to four independent confluence layers — EMA trend, RSI boundaries, volume spike detection, and ADX trend strength — and rated with a star system so traders can immediately s
Three Bar Reversal Pattern MT4
Duc Hoan Nguyen
5 (1)
Indicators
Special offer : ALL TOOLS , just $35 each! New tools   will be   $30   for the   first week   or the   first 3 purchases !  Trading Tools Channel on MQL5 : Join my MQL5 channel to update the latest news from me The Three Bar Reversal Pattern Indicator offers a powerful tool for traders, automatically identifying and highlighting three-bar reversal patterns directly on the price chart. This indicator serves as a valuable resource for detecting potential trend reversals and enables users to refin
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Tinashe Ndarimani
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Overview The TTM Squeeze indicator helps identify low volatility periods (squeeze) that often precede price breakouts. It uses Bollinger Bands (BB) and Keltner Channels (KC) to determine when the market is "coiling" and ready to move. Configuration Guide Volatility Settings The indicator uses Bollinger Bands to measure market volatility. When BBs are inside Keltner Channels, a squeeze is detected. The squeeze suggests the market is consolidating and may soon break out. True Range Option Optional
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XAU Scalper MT4
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Tinashe Ndarimani
Indicators
Overview The TTM Squeeze indicator helps identify low volatility periods (squeeze) that often precede price breakouts. It uses Bollinger Bands (BB) and Keltner Channels (KC) to determine when the market is "coiling" and ready to move. Configuration Guide Volatility Settings The indicator uses Bollinger Bands to measure market volatility. When BBs are inside Keltner Channels, a squeeze is detected. The squeeze suggests the market is consolidating and may soon break out. True Range Option Optiona
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Tinashe Ndarimani
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Utilities
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Indicators
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