Ultimate Confluence Signal Indicator MT5
- Indicators
- Biswarup Banerjee
- Version: 2.0
- Activations: 20
The Ultimate Confluence Signal Indicator MT5 visualizes confluence through color-coded histograms: green shades for bullish signals (strong green, mild lime, weak light green) and red shades for bearish (strong red, mild pale violet, weak coral), with gray for neutral states. It aggregates inputs from CCI, MACD, Stochastic, Awesome Oscillator, MFI, Accelerator Oscillator, RSI, OSMA, Momentum, Williams %R, RVI, ADX, ATR, Bollinger Bands, Parabolic SAR, and Envelopes, scoring overall signal strength based on user-defined thresholds (e.g., 55% weak, 70% mild, 80% strong). Customizable on/off switches for each indicator allow strategy tailoring, while a multi-alert system (pop-ups, push notifications, emails) ensures timely awareness of shifts. Benefits include superior trend confirmation to ride sustained moves, early reversal warnings via overbought/oversold detection, volatility-based breakout filtering to avoid low-momentum traps, and seamless EA integration through 7 output buffers—non-repainting, resource-efficient, and optimized for MT5's multi-timeframe analysis.
Also available for MT4: Ultimate Confluence Signal Indicator MT4
Installation Guide for MQL Products | Updating Purchased MQL Products on MT4/MT5
Key Features
- Multi-Indicator Confluence Analysis: Integrates CCI, MACD, Stochastic, Awesome Oscillator, MFI, Accelerator Oscillator, RSI, OSMA, Momentum, Williams %R, RVI, ADX, ATR, Bollinger Bands, Parabolic SAR, and Envelopes for comprehensive signal alignment in trend trading, reversal detection, and breakout strategies.
- Customizable Signal Thresholds: Define weak (default 55%), mild (70%), and strong (80%) confluence levels to match your risk tolerance and market conditions, enhancing accuracy in forex confluence and CFD technical analysis.
- Individual On/Off Switches: Enable or disable any of the 16 indicators (e.g., ENTRY_CCI_ENABLE=true) for personalized setups, ideal for focusing on momentum indicators like RSI and MACD or volatility tools like ATR and Bollinger Bands.
- Trend Strength and Momentum Scoring: Leverages ADX (default period 14, level 25) and Envelopes (SMA method, 0.1% deviation) to gauge trend power, while RSI (period 14, levels 20/80) and MACD (12/26/9) highlight momentum shifts for reliable entry/exit timing.
- Volatility and Breakout Detection: ATR (period 14, 1.5x multiplier) and Bollinger Bands (period 20, deviation 2.0) identify expansion phases, filtering high-probability breakouts in ranging or trending markets.
- Reversal and Overbought/Oversold Signals: Parabolic SAR (step 0.02, max 0.2), Stochastic (14/3/3, levels 20/80), and Williams %R (period 14, levels -80/-20) spot potential reversals and profit-taking zones.
- Advanced Alert System: Configurable notifications for weak/mild/strong signals (e.g., ENABLE_STRONG_ALERT=true), supporting terminal alerts, push, and email for real-time monitoring without constant charting.
- EA-Compatible Buffers: 7 buffers (StrongBullish, MildBullish, WeakBullish, StrongBearish, MildBearish, WeakBearish, Neutral) expose data for automated trading robots, enabling algorithmic confluence strategies.
- Granular Indicator Settings: Full customization for each tool, including periods (e.g., CCI period 20), levels (e.g., MFI period 14), methods (e.g., Envelopes SMA), and more, ensuring adaptability across timeframes and assets.
- Efficient and User-Friendly: Lightweight design for smooth MT5 performance, with visual histograms for quick scans—perfect for beginners mastering technical analysis or experts optimizing volatility trading.
The Ultimate Confluence Signal Indicator MT5 stands out as a must-have for traders pursuing data-driven edges, blending proven indicators into a unified system that boosts confidence, cuts losses from false signals, and amplifies gains through precise confluence confirmation in dynamic markets.
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#tags ultimate confluence signal indicator mt5 multi-indicator suite forex cfd crypto commodities trend strength reversal detection breakout signals momentum volatility alerts ea integration technical analysis