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Market Follower

The Market Follower indicator displays two types of potential entry points on the chart (by trend and absolute reversal points).

The entry point by the trend is displayed by a circle. The indicator qualifies the presence of a trend at a certain interval by a certain algorithm. Then it displays a potential entry point after a rollback (correction). For the successful use of these entry points, it is recommended to use at least M30 timeframe with a confirmation on smaller timeframes.

The Absolute reversal points assume that at least a correction of price movement starts at them (and may be even a reversal). They are displayed as arrows on the chart. These points take into account the movements in several timeframes. I recommend to open a higher timeframe (for example, M15) to obtain data on the main one (for example, M5). Sometimes, entry points by trend and absolute reversal points coincide. These signals are the strongest ones.


Parameters

  • Accuracy – degree of accuracy of the entry signal. It can vary from 0 to 20. The default is 10. Accuracy of signals decreases with the decrease of the parameter, but their numbers increase.
  • Alert – you can set an alert when a signal appears. True – display alert, False – no alert. The default value is False. An example of Alert: "MF (indicator name) ABSOLUT (signal type ABSOLUT or TREND) USDCAD(currency pair) _M15 (timeframe) - SELL (BUY or SELL trade)".
  • E-mail – send an E-mail when a signal appears. True – send email, False – no email. The default value is False. The content of the email is similar to the alert. Subject of the email: "Market Follower". Make sure the Tools-Options-Email parameters are set correctly in the MetaTrader 4.
Reviews 1
Tobias Grosse
980
Tobias Grosse 2016.07.27 15:01 
 

signals are very good, I use accuracy=20.

the alert function is helpful as TF H4 or D1 is used and signals come rarely.

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Range Exhaustion occurs when price meets or exceeds the expected range for the current period. At these levels, price starts to lose its momentum relative to earlier in the period, so its a good point to make sure you are not taking new positions. This indicator will show you where this is likely to happen on your chart, showing levels for Daily, Weekly and Monthly periods. When you see price exceeding these exhaustion levels, it's telling you that the momentum behind the move is very strong an
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This oscillator takes into account the data from a number of standard indicators. Using this data, it forms its own (more accurate) signals. Prise Reversal helps to identify reversal points during the flat and the price extremums during the trend. At these points, you can enter a counter-trend with a short take profit. Besides, they indicate the time intervals when you cannot open a trend-following deal. After a few days of using the indicator, it will become an integral part of your trading sys
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Turning point of price mt5
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The Turning point of price indicator displays assumed turning points of the price on the chart. It is based on data of the Prise Reversal oscillator and standard ADX. When the value of Prise Reversal is in overbought or oversold area (area size is set by a user), and the value of the ADX main line exceeds the preset value, the Turning point of price indicator draws an arrow pointed to the further assumed price movement. This idea is described in the article Indicator of Price Reversal . Inputs
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The Trend Trade indicator displays assumed turning points of the price on the chart in the direction of the trend after correction. It is based on the data of the Prise Reversal oscillator with the period 6 and indicators which characterize strength and availability of the trend. When the value of Prise Reversal is in overbought or oversold area (area size is set by a user), and the current trend is confirmed, the Trend Trade indicator draws an arrow pointed to the further assumed price movement
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Correct Entry mt5
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Alexey Surkov
The Correct Entry indicator displays specific relatively correct points of potential market entries on the chart. It is based on the hypothesis of the non-linearity of price movements, according to which the price moves in waves. The indicator displays the specified points based on certain price movement models and technical data. Indicator Input Parameters: Сorrectness – The parameter characterizes the degree of accuracy of the entry signals. Can vary from 0 to 100. The default is 100. Accura
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Tobias Grosse
980
Tobias Grosse 2016.07.27 15:01 
 

signals are very good, I use accuracy=20.

the alert function is helpful as TF H4 or D1 is used and signals come rarely.

Reply to review
Version 2.10 2016.08.15
Alert has been optimized.
Version 2.0 2016.08.05
Alert functions have been optimized.
Added ability to send Push-notifications.