FxGlow Climax Counter MT5
This unique indicator detects climactic price action and waits for a confirmed counter breakout.
Climactic bars are marked ahead to prepare for a possible counter setup.
To achieve more accurate trading, please use this tool in addition or support to the system you are using. This tool will perform better if combined with the right strategy.
Increase counter signal probability by combining with FxGlow Phase Index.
You can check the strategy on this video link https://youtu.be/LuP42obr-HI
Use an alternate exit strategy by combining with FxGlow Zone Barrier.
You can check the strategy on this video link https://youtu.be/GW_r0VytxiY?t=1m26s
- Detects confirmed counter signals from previous climactic action
- DOES NOT repaint
- DOES NOT recalculate
- Signals on CLOSE of a bar
- Works in ALL pairs
- Works in ALL timeframes
- Can be used for Expert Advisors
- Implements popup, email, push notification and sound alerts
- Climax Period - number of bars used for climax filter calculation
- Breakout Period - minimum number of bars needed to trigger a counter
- Max Bars - maximum number of history bars used
How to use
- Climactic bars = shaded bars representing climactic or impulsive price action
- Bullish climax bars = prepare to sell when there is confirmation
- Bearish climax bars = prepare to buy when there is confirmation
- Counter signal = confirmed breakout
This indicator is a manual trading tool that can be used in many ways.
To test its effectiveness to your current trading systems, please take time to test the free DEMO first.