Red and Green Light Indicators

🚦 Red and Green Light – Intelligent Trading Signal Indicator

📋 Product Overview

Red and Green Light is a professional trading signal indicator based on the multi-stage T3 smoothing algorithm. It integrates a visual traffic light system, intelligent signal recognition, risk alerts, and multiple notification features. Whether you're a manual trader or an Expert Advisor (EA) developer, this indicator helps you capture market opportunities with greater precision and effectively avoid the risks of counter-trend trading.

✨ Key Advantages

  • 🎯 Accurate Signals: T3 algorithm filters market noise and captures genuine trends
  • 🚦 Intuitive Visualization: Traffic light system for instant clarity
  • ⚠️ Risk Protection: Automatically detects counter-trend trades
  • 🔔 Multiple Alerts: Pop-ups, sound alerts, and push notifications
  • 🎨 Highly Customizable: Fully adjustable text, colors, and layout
  • Real-Time Updates: Refreshes every 5 seconds with synchronized status

🎯 Core Features

1. T3 Algorithm: Based on Tim Tillson / Fulks-Matulich, 6-stage smoothing with dynamic channels. Parameters: Period 6–21, Hot coefficient 0.5–0.8, supports multiple price types.

2. Signal Recognition:

  • Buy when closing prices of N consecutive candles are above the upper T3 channel (T3_1u/2u/3u/5u).
  • Sell when closing prices of N consecutive candles are below the lower T3 channel (T3_1d/2d/3d/5d).
    Two modes available: Responsive Mode or Stable Mode.

3. Traffic Light 🚦:

  • Green = Go long
  • Yellow = Wait
  • Red = Go short
    Auto-refreshes every 5 seconds, supports multiple timeframes, and position is adjustable.

4. Display System:
5 text display modes (Default / Long-Short / Buy-Sell / Entry / Custom), directional arrows, and customizable colors.

5. Alert System 🔔:
Pop-up windows, sound alerts, and push notifications. Custom sounds and configurable alert intervals.

6. Risk Alerts ⚠️:
Monitors manual or EA-initiated positions that contradict the current signal. Alerts via pop-up, sound, push notification, and on-chart warnings.

7. Vertical Lines:
Time-based markers, cross-timeframe support, and automatic cleanup.

📖 Quick Start Guide

  1. Installation: Copy the .ex5 file to the MQL5/Indicators folder and drag it onto your chart.
  2. Usage: Watch the traffic light — go long on green, go short on red.
  3. Customization: Adjust display mode, alerts, text, and colors to suit your preferences.

Parameter Recommendations

  • Conservative: Period 18–21, check 2–3 candles, Stable Mode
  • Aggressive: Period 10–12, check 1 candle, Responsive Mode
  • Intraday: Period 8–10, Hot 0.7–0.8
  • Medium/Long-Term: Period 18–21, Hot 0.5–0.6

Pro Tips

Confirm signals across multiple timeframes (e.g., H1 + H4), combine with trendlines, enable risk alerts, and assign distinct sounds for entry signals vs. warning alerts.

💡 Frequently Asked Questions

Q1: Always yellow light?
→ Wait for a clear signal; reduce the number of candles checked or adjust the period.

Q2: Too many signals?
→ Increase the candle count (2–3), use Stable Mode, and raise the period.

Q3: Signals too slow?
→ Reduce candle count (1), switch to Responsive Mode, lower the period, and increase the Hot coefficient.

Q4: How to distinguish real vs. false signals?
→ Confirm across multiple timeframes, align with the dominant trend, and prefer Stable Mode.

Q5: Counter-trend warning triggered?
→ Pause trading and wait until your position aligns with the current signal.

Q6: Resource usage?
→ Circular buffer, incremental calculations, 5-second refresh → extremely low CPU/memory footprint.

🔧 Technical Specifications

Circular buffer, incremental computation, boundary checks, and exception handling. Compatible with all MT5 versions, all trading instruments, and all timeframes.

📊 Use Cases

Traders: Manual traders, EA developers, beginners, and professionals.
Markets: Forex, stocks, futures, cryptocurrencies.
Timeframes:

  • M5–M30 (short-term)
  • H1–H4 (intraday)
  • D1–W1 (medium/long-term)

🎁 Why Buy?

  1. Mature T3 algorithm, market-proven
  2. Comprehensive functionality: signals, alerts, risk control
  3. User-friendly: intuitive traffic light interface
  4. Highly customizable to fit any trading style
  5. Continuous updates
  6. Exceptional value: one-time purchase, lifetime use

Return on Investment: Reduce losses, improve win rate, save time, and manage emotions better.

📞 Technical Support

Email: ivx@ivx.wang
Version: 1.3
Updates: Ongoing
Changelog:

  • v1.3 – Fixed some display issues
  • v1.2 – Performance optimizations
  • v1.1 – Added EA monitoring
  • v1.0 – Initial release

⚠️ Disclaimer

This indicator is provided for informational purposes only and does not constitute investment advice. Trading involves risk. The developer assumes no responsibility for trading outcomes. Please use this tool responsibly according to your risk tolerance.

Red and Green Light – Your intelligent trading assistant. Start using it today and simplify your trading journey! 🚀

© 2025 Red and Green Light Indicator. All rights reserved.


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The indicator places a buy or sell signal when the conditions of the strategy it was designed with are met. The strategy is guaranteed, strong, and has been tested for 9 years. The indicator is for binary options and can be converted into a bot by linking it to MT2Trading, where it sends the signal to this platform. This platform automatically opens a trade on the trading platform you are using, whether it is Pocket Option, IQ Option, or any other binary options platforms. The entry is on the n
This is an Indicator for Binary Option. It calculates Engulfing Candles with a Moving Average Signal confirmation. The Green Buy and Red Sell arrows are displayed on the chart.   It has been tested on a 3 Minute and 5 Minutes chart with multiple pairs (EUR/USD, EUR/JPY, USD/JPY...etc.). It will work on  Pocketoption OTC market as well  such as EUR/JPY OTC and EUR/USD OTC.   For Beginners, If you are using martingale, then the recommended settings are, Initial investment: $1.00 Martingale Multip
CBT Quantum Maverick High-Efficiency Binary Trading System CBT Quantum Maverick is a finely tuned, high-performance Binary Options Trading System designed for traders seeking precision, simplicity, non-repaint signals and disciplined trading. No customization is required—this system is optimized for effective results right out of the box. Simply follow the signals, which can be mastered with a bit of practice. Key Features: Signal Precision: New-bar-based trading signals—targeting the next ca
Introducing to your attention an innovative expert advisor created specifically for the most juicy and volatility    currency     basket: GBPUSD, XAUUSD and EURJPY. This system is designed using the main features of this market's movement, making it an ideal choice for dynamic trading on high-trending and medium-volatile pairs.   The signals are focused on minimizing trading risks, aiming to reduce losses to a minimum. Main features ESignals is designed to show open and close arrows at the beg
Old School Reversal Zones
Kavita Krishnakumar Ojha
I'll keep it Short and to the point.  Let Your Backtest Results Speak for Themselves. After much deliberation, we’ve decided to release the foundational logic behind our process for public use. This isn’t about changing the way you trade—because we know that’s unique to you. The best ways to enter a position? Those have always been confidential ! What we can share is the first of three essential steps we use before entering any trade. This tool is designed to keep you on the right side of the m
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