True Signal FX

For MetaTrader5 you can download it from the link https://www.mql5.com/en/market/product/187668



True Signal FX is a multi-timeframe trading indicator for MetaTrader 4 designed to provide a complete trading setup directly on the chart.

Instead of displaying a single directional signal, the indicator combines market analysis, signal confirmation and trade level calculation in one workspace. When a setup is detected, the trader can see the direction, Entry, Stop Loss and Take Profit levels together with the current signal score and market information.

The indicator is designed for traders who want to structure the decision-making process around predefined trading setups rather than manually comparing multiple indicators and calculating trade levels for every potential position.

True Signal FX does not execute trades. It provides analytical setups and leaves the final trading decision and order execution to the trader.

How True Signal FX works

The indicator analyzes the market on several selected timeframes and calculates a combined BUY and SELL score.

The default configuration uses M5, M15, M30, H1 and H4. Up to five analysis timeframes can be configured independently.

A separate Trigger Timeframe is used to determine when the conditions for a new setup are activated. The default Trigger Timeframe is M1.

The signal engine uses several technical market components, including Moving Average, RSI, MACD, Stochastic, CCI, ADX, Bollinger Bands, Momentum, Parabolic SAR and Williams %R.

These components are evaluated across the selected timeframes and contribute to the internal market assessment. The exact formula, weighting and sequence of the proprietary signal algorithm are not disclosed.

The result is presented to the trader as a BUY or SELL setup together with the calculated trade levels.

Trading setup

When a BUY setup is generated, the chart displays the Entry level together with the calculated Stop Loss and Take Profit.

When a SELL setup is generated, the corresponding Entry, Stop Loss and Take Profit levels are displayed for the downward scenario.

The levels are calculated automatically according to the selected SL/TP mode.

This means that the trader does not need to manually calculate the distance between Entry, Stop Loss and Take Profit for every signal.

The setup can therefore be evaluated as a complete trading scenario:

Direction → Entry → Stop Loss → Take Profit.

The levels are displayed on the chart when InpShowLevels is enabled.

Multi-timeframe analysis

True Signal FX supports up to five independent analysis timeframes.

The default configuration is M5/M15/M30/H1/H4.

InpTF1, InpTF2, InpTF3, InpTF4 and InpTF5 define the timeframes used by the signal engine. Each timeframe can be changed independently.

The selected timeframes determine the market context used in the calculation. Changing them can therefore change both the BUY/SELL score and the frequency of generated setups.

InpTriggerTF defines the separate timeframe used by the trigger mechanism. Its default value is M1.

The combination of multiple analysis timeframes and a separate trigger timeframe allows the indicator to distinguish between the broader market context and the shorter-term conditions used for setup activation.

Signal score

The indicator displays separate BUY and SELL scores in the information panel.

InpMinScore defines the minimum score required for signal activation. The default value is 30.

Increasing InpMinScore makes the score requirement more restrictive. Decreasing it allows setups with a lower calculated score.

The score should be interpreted together with the selected timeframes and trigger settings. Changing the configuration can change the number and timing of detected setups.

Trigger settings

The trigger calculation uses a Stochastic-based mechanism on the selected Trigger Timeframe.

InpTrigK defines the K period of the trigger Stochastic. Default: 5.

InpTrigD defines the D period. Default: 3.

InpTrigSlow defines the slowing parameter. Default: 3.

InpOverbought defines the upper trigger level. Default: 80.

InpOversold defines the lower trigger level. Default: 20.

These parameters control the sensitivity and activation area of the trigger component. They can be adjusted when a different signal frequency or trigger sensitivity is required.

For the initial setup, using the default values is recommended.

Stop Loss and Take Profit

True Signal FX provides two methods for calculating Stop Loss and Take Profit: ATR-based and fixed-distance calculation.

InpSLTPMode selects the calculation method.

ATR mode

In ATR mode, the distance of the calculated levels is based on current market volatility.

InpATRPeriod defines the ATR calculation period. Default: 14.

InpATRSLx defines the ATR multiplier used for Stop Loss. Default: 6.0.

InpATRTPx defines the ATR multiplier used for Take Profit. Default: 4.0.

Increasing InpATRSLx moves the calculated Stop Loss farther from Entry. Increasing InpATRTPx moves the calculated Take Profit farther from Entry.

ATR mode allows the calculated distances to change according to the current volatility of the instrument.

Fixed Pips mode

Fixed-distance mode uses predefined distances.

InpSLPips defines the Stop Loss distance. Default: 300.

InpTPPips defines the Take Profit distance. Default: 250.

This mode can be used when a fixed SL/TP structure is preferred.

InpCostPips defines the estimated trading cost used in the historical result calculation. Default: 1.5.

This parameter affects the displayed historical statistics and does not change the actual spread or commission charged by the broker.

Auto-Tune

True Signal FX includes an Auto-Tune function that can automatically test different indicator configurations using historical market data.

The purpose of Auto-Tune is to reduce the amount of manual parameter searching required when working with different symbols or configurations.

Depending on the selected options, Auto-Tune can modify the signal threshold, trigger settings, technical indicator parameters, analysis timeframes and SL/TP parameters.

InpTuneTimeframes enables automatic modification of the analysis timeframes.

InpTuneSLTP enables automatic modification of the Stop Loss and Take Profit parameters.

InpTuneAttempts defines the maximum number of configurations tested during the tuning procedure. Default: 10.

InpTuneMinTrades defines the minimum number of historical setups required by the tuning procedure. Default: 3.

InpShowButton controls the visibility of the AUTO-TUNE button.

InpLogPreset enables writing the generated preset information to the MetaTrader log.

After Auto-Tune is completed, the resulting configuration is used by the indicator and the current preset is shown in the information panel.

Auto-Tune is based on historical data. A configuration that produces favorable historical statistics does not guarantee the same behavior under future market conditions.

Historical calculation

True Signal FX performs a historical calculation using the selected configuration.

For historical setups, the indicator calculates Entry, Stop Loss and Take Profit and then evaluates the subsequent price movement according to the selected setup parameters.

The historical calculation is used to generate statistics shown in the PERFORMANCE section.

InpMaxBars defines the maximum number of historical bars processed by the indicator. Default: 3000.

InpMaxTradeBars defines the maximum number of bars for which a historical setup remains active. A value of 0 disables this limitation.

The amount of historical data affects the number of calculated setups and the resulting statistics.

Performance statistics

The PERFORMANCE section provides a compact overview of the calculated historical setups.

Trades shows the number of calculated setups.

Win Rate shows the percentage of setups that finished with a non-negative calculated result.

Profit Factor represents the relationship between gross positive and gross negative results.

Avg Take Profit shows the average result of positive setups.

Avg Stop Loss shows the average result of negative setups.

Avg Drawdown shows the average adverse movement recorded during the calculated setups.

Total Result shows the accumulated result in pips.

These values are intended for evaluating and comparing configurations on historical data. They should not be interpreted as a forecast of future trading results.

Information panel

The information panel is divided into SETUP, PERFORMANCE and ENGINE sections.

SETUP shows the current score threshold, BUY/SELL scores, selected timeframes, Trigger parameters, overbought/oversold levels, the number of active analytical components and the selected SL/TP mode.

PERFORMANCE displays the historical calculation statistics.

ENGINE displays the number of processed bars, the current preset and the current calculation status.

The panel allows the trader to monitor the main information without opening multiple additional indicator windows.

Technical indicator parameters

The following parameters control the individual technical components used by the signal engine.

InpMAFast defines the fast Moving Average period. Default: 14.

InpMASlow defines the slow Moving Average period. Default: 50.

InpMAMethod selects the Moving Average method. Default: EMA.

InpRSIPeriod defines the RSI period. Default: 14.

InpMACDFast, InpMACDSlow and InpMACDSignal define the fast, slow and signal periods of MACD. Defaults: 12, 26 and 9.

InpStochK, InpStochD and InpStochSlow define the main Stochastic parameters. Defaults: 14, 3 and 3.

InpCCIPeriod defines the CCI period. Default: 14.

InpADXPeriod defines the ADX period. Default: 14.

InpBBPeriod defines the Bollinger Bands period. Default: 20.

InpBBDeviation defines the Bollinger Bands deviation. Default: 2.0.

InpMomPeriod defines the Momentum period. Default: 14.

InpSARStep defines the Parabolic SAR step. Default: 0.02.

InpSARMaximum defines the Parabolic SAR maximum acceleration factor. Default: 0.20.

InpWPRPeriod defines the Williams %R period. Default: 14.

These parameters affect the individual technical calculations used by the signal engine. Changing them can change the resulting BUY/SELL scores and the frequency of generated setups.

The internal weighting and final decision formula remain proprietary.

Display and chart settings

InpShowPanel enables or disables the information panel.

InpShowTotal controls the display of the total calculated result.

InpUIScale controls interface scaling. A value of 0 enables automatic DPI-based scaling.

InpPanelX and InpPanelY define the panel position, while InpPanelW controls its width.

InpFontSize, InpFontName and InpFontBold control the panel font.

InpShowLevels displays the Entry, Stop Loss and Take Profit levels on the chart.

InpShowProfit displays historical setup results.

InpLots defines the lot size used only when converting the calculated pip result into a monetary representation. It does not open or manage orders.

InpArrowATRx defines the distance between the signal arrow and the price using an ATR multiplier.

InpBuyColor and InpSellColor define the colors of BUY and SELL signals.

The remaining panel color parameters control the visual appearance of the interface and do not affect signal calculation.

Alerts and diagnostics

InpAlerts enables alerts when a new signal is generated. Default: false.

InpDebug enables additional diagnostic information in the MetaTrader log. Default: false.

For normal use, InpDebug can remain disabled.

Recommended initial setup

True Signal FX is supplied with a complete default configuration.

For the first installation, it is recommended to keep the default timeframes and indicator parameters unchanged and allow the indicator to complete its historical calculation.

After loading, check the SETUP, PERFORMANCE and ENGINE sections.

If the default configuration is not suitable for the selected instrument or trading approach, Auto-Tune can be used to test alternative configurations.

When manually adjusting the indicator, it is preferable to change one logical group of parameters at a time. This makes it easier to understand how a particular change affects the generated setups and historical statistics.

The most important groups for manual configuration are the analysis timeframes, Trigger settings, signal threshold and SL/TP calculation.

How to use True Signal FX

  1. Attach True Signal FX to the required MetaTrader 4 chart.
  2. Allow the indicator to load the available historical data.
  3. Check the active timeframes, BUY/SELL scores and current indicator status.
  4. If required, run AUTO-TUNE and wait until the tuning process is completed.
  5. When a BUY or SELL setup appears, check the displayed Entry, Stop Loss and Take Profit.
  6. Evaluate the setup according to your own trading plan, risk management and current market conditions.
  7. If you decide to trade the setup, execute the order manually using your broker's normal trading interface.

The indicator does not send, modify or close trading orders.

Who can use the indicator

True Signal FX can be used by traders who want a structured way to evaluate potential market setups.

For a beginner, the main advantage is that the essential elements of a potential trade are presented together: direction, Entry, Stop Loss and Take Profit.

For an experienced trader, the indicator can be used as an additional analytical tool for multi-timeframe market assessment and setup filtering.

For traders who regularly work with different instruments, Auto-Tune provides a way to test alternative configurations without manually changing every parameter one by one.

What makes the workflow different

A conventional chart setup may require the trader to open several indicators, compare their readings, determine whether they agree, calculate an entry level and then separately determine Stop Loss and Take Profit.

True Signal FX brings these stages into one analytical workflow.

The trader can see the market assessment, signal direction and calculated trade levels in the same chart environment, while the PERFORMANCE section provides additional historical information about the selected configuration.

The indicator therefore focuses not only on signal generation, but on presenting a complete and clearly defined trading scenario.

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Cycles Predictor Indicator This indicator uses past market cycles to predict future price movements. The indicator scans through past data and considers  combinations  of cycles. When cycles  coincide  at the same future date/time then it is considered a valid future prediction. The predictions are drawn as vertical lines on the right side of the chart in the future. A prediction will often result in type of candle (ex. bull or bear) and/or a reversal point (ex. bottom or top) forming at this ex
"The Squeeze indicator attempts to identify periods of consolidation in a market. In general the market is either in a period of quiet consolidation or vertical price discovery. By identifying these calm periods, we have a better opportunity of getting into trades with the potential for larger moves. Once a market enters into a "squeeze," we watch the overall market momentum to help forecast the market direction and await a release of market energy." Modified TTM Squeeze Indicator is a modifica
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All in One package includes the  Oscillator Predictor ,  MACD Predictor ,  Thrust Scanner  and  Advanced Fibonacci  indicators which are mandatory for applying  Dinapoli  trade plans.  Please visit below links for detailed explanations of indicators. Advanced Fibonacci Indicator =>  https://www.mql5.com/en/market/product/52834 Thrust Scanner Indicator => https://www.mql5.com/en/market/product/52830 Overbought /Oversold Predictor indicator => https://www.mql5.com/en/market/product/52621 Macd P
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GoldRush Trend Arrow Signal V1.6 The GoldRush Trend Arrow Signal indicator V1.6 continues to provide precise, real-time trend analysis tailored for high-speed, short-term scalpers in XAU/USD , but it now has additional features and improved efficiency and reliability. Built specifically for the 1-minute time frame, this tool displays directional arrows for clear entry points, allowing scalpers to navigate volatile market conditions with confidence. The indicator consists of PRIMARY and SECONDARY
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Specials Discount now. The Next Generation Forex Trading Tool. Dynamic Forex28 Navigator is the evolution of our long-time, popular indicators, combining the power of three into one: Advanced Currency Strength28 Indicator (695 reviews) + Advanced Currency IMPULSE with ALERT (520 reviews) + CS28 Combo Signals (recent Bonus) Details about the indicator  https://www.mql5.com/en/blogs/post/758844 Looking for the MT5 version? Click here:   https://www.mql5.com/en/market/product/201102   What Does Th
Presenting one-of-a-kind Gann Indicator for XAUUSD IQ Gold Gann Levels is a non-repainting, precision tool designed exclusively for XAUUSD intraday trading. It uses W.D. Gann’s square root method to plot real-time support and resistance levels, helping traders spot high-probability entries with confidence and clarity. William Delbert Gann (W.D. Gann) was an exceptional market analyst whose trading technique was based on a complex blend of mathematics, geometry, astrology, and ancient calculation
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Trading Special – 30% OFF This dashboard is a very powerful piece of software working on multiple symbols and up to 9 timeframes. It is based on our main indicator (Best reviews:   Advanced Supply Demand ). The dashboard gives a great overview. It shows: Filtered Supply and Demand values including zone strength rating, Pips distances to/and within zones, It highlights nested zones, It gives 4 kind of alerts for the chosen symbols in all (9) time-frames. It is highly configurable for your pers
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The Quantum Expert Advisor is designed for trading EURUSD H1 . The trading algorithm lies in placing pending orders at the peaks of currency fluctuations, after a preliminary analysis of the market conditions. Trading is fully automated. Lot size is calculated automatically based on the lot percentage. Parameters MaxRisk - percentage of the deposit, used for the automatic calculation of the lot. LongWave - long wave of price fluctuation. ShortWave - short wave of price fluctuation. Level contro
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Leo Trend is a signal indicator that shows the market entry points, as well as the trend direction and flat on the chart in the form of arrows and lines. Leo Trend will be useful both for beginners creating a trading strategy, and for professionals to integrate into ready-made trading systems. Leo Trend works without redrawing and without significant delays. The operation of the indicator is demonstrated in the video. In addition, you can test this indicator in the strategy tester free of charge
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NIZMA is a ready-made trading system, that is the most efficient on the EURUSD, AUDUSD and GBPUSD currency pairs. The best timeframes are M5 and higher. The system shows the market entry points in the form of arrows, and also displays the information on the strength and direction of the trend. The signals are easy to interpret. It is suitable for both novice and professional traders. With the properly selected settings, it gives the minimum number of false signals. In tests, this number did not
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XPointer is a completely ready trading system. It shows the trader when to open and close a trade. It works on all currency pairs and all time frames. Very easy to use and does not require additional indicators for its operation. Even a beginner trader can start working with XPointer. But it will also be useful for professional traders to confirm the opening of orders. Features of the XPointer indicator It does not redraw its values. It works on all currency pairs and all time frames. It has al
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Lobster is a ready-made trading system with a flexible market analysis algorithm. It performs most of the work for a trader. All you have to do is open and close orders following the indicator signals. The indicator will be very useful for both beginners and professionals. It is able to work with other indicators and independently. Features No signal repainting; Any pair; Any timeframe; Flexible market analysis system. How to trade When the blue arrow appears, open a buy order; When the blue c
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Gets is a smart trading system with complex market analysis mechanism. The operation principle of Gets is based on neural networks and diversified collection of information from various market analyzers. Then the system analyzes the statistical databases to create a general idea of the current market situation and the further price movement. The information is displayed on the screen in a simple and intuitive way - in the form of buy and sell arrows. Also, the information on the current trend st
Scalper Zoom is a new trading system designed to facilitate the process of Forex trading both for beginners and professionals. The Scalper Zoom indicator uses an adaptive method of operation and analyzes the market using multiple trading algorithms, while selecting the most efficient one for the given currency pair and timeframe. Working with this indicator is very simple. When a red vertical line appears, open a sell order. Close it when a blue vertical line appears. Follow the opposite steps f
Brabux
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Brabux is a ready-made mechanical trading system. It works on all currency pairs and timeframes automatically adjusting to them. It also selects the most efficient trading parameters for receiving a necessary profit. In the indicator parameters, specify the trading period used for calculations and the least acceptable profit in points. Next, the system automatically selects the necessary trading parameters. Trading data is displayed on the info panel. After setting the indicator on the chart and
CoolLine
Andrey Kozak
CoolLine is a signal indicator displaying on a chart points for opening and closing trade positions. The indicator signals are not redrawn. It draws arrows on the zero bar Open[0]. It works on all currency pairs and all time frames. Indicator Advantages Precisely shows the opening and closing points on the chart Does not redraw signals Works on all currency pairs and timeframes Very easy to use; suitable even for beginners Has a very flexible system of settings Can send push and email notificat
Market Scanner Elite is a new generation of indicators of the Market Scanner series. The Elite version features an improved market analysis algorithm, with a better identification of the entry points and filtering of the false signals. The logic of market analysis and calculation of effective entry points applied in this product are significantly different from those applied in Market Scanner . This indicator cannot be called a big brother, as it is a completely new product with innovative analy
The Master Figures indicator analyzed the market for the most common chart patterns. The first pattern is called Pin bar . This pattern can rightly be considered one of the most widespread. This pattern looks like a candle with a small body and large tail (wick). Once you see it on the chart, open a position against the wick. It is better to use the resistance lines for closing. Master Figures shows this pattern in the form of circles. A position should be opened when a new candle appears after
Market Trend - a comprehensive system for determining the trend direction. Analyzes the market using a formula which considers the values of multiple technical indicators and other trading strategies. IT determines not only the current trend direction, but also its movement strength. The indicator is intuitive and very easy to use. The information on the current trend direction and its movement strength are displayed on the chart. If the indicator shows "UP!" then an uptrend is currently present
Jerus Line Scalper is an indicator for scalping on EURUSD, GBPUSD, AUDUSD, USDJPY and USDCAD pairs. Recommended pairs: M5, M15, M30 and H1. The trading strategy is as follows: as soon as the arrow appears, open an order in the direction of the arrow and set take profit to +10 points. Set stop loss at the indicator's stop line. Stop line is displayed in red or blue depending on the indicator signal. Also, the Martingale system can be applied in the system. If a trade is closed at a loss, the next
DotaScalping is a semi-automated trading system for scalping. The indicator shows recommended moments for opening Buy/Sell trades as dots on the chart. Signals are generated based on the algorithm for price amplitude smoothing. The indicator tries to accurately calculate the moments of the maximum peak price values ​​and produces signals based on the smoothed correlation. The indicator determines the High and Low price values and generates signals based on the trend direction. The indicator is v
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3.25 (4)
ForexGumpUltra is a new and more advanced indicator of the ForexGump series. This indicator easily determines the price direction on any currency pair and any timeframe. The indicator draws its signals on the zero bar and does not redraw them (see the video). In the 34th second of the video it can be seen that this indicator uses new filters to determine the changes in price movement direction without delay, despite the market noise present at the moment (see the video on the 34th second). Once
Attention! Friends, since there have been many scammers on the Internet recently selling indicators called ForexGump, we decided to warn you that only on our page is the LICENSE AUTHOR'S VERSION of the INDICATOR sold! We do not sell this indicator on other sites at a price lower than this! All indicators are sold cheaper - fakes! And even more often sold demo versions that stop working in a week! Therefore, in order not to risk your money, buy this indicator only on this site! Forex Gump Scalpin
Bomb Scalper is a ready-made mechanical trading system that analyzes the market using 12 market signals, as well as candle patterns, providing signals for opening and closing trades. On the screenshot below, you can see how the system draws the blue arrow for buying and the red one for selling. Order close signal is shown as the yellow arrow. Besides, during a closing signal, the indicator calculates potential profit/loss. How the indicator works After launching, Bomb Scalper navigates through
Striker
Andrey Kozak
Stiker is a robot capable of trading in automatic or semi-automatic mode . If auto=true in the robot settings, the robot automatically opens and closes orders on its own when a signal appears. If auto=false, the robot analyzes the market and shows signals on the screen, while a trader manually confirms opening or closing orders by clicking the Open Buy and Close Order buttons. This is done to enable traders make trading decisions themselves. This reduces the trading risk. Striker is a smart syst
If you do not yet have your trading strategy, you can take advantage of our ready-made trading strategy, which is most effective for EURUSD H1 currency pair. The indicator "Ready Made Scalping System" automatically analyzes the market and shows the trader when to open and close orders. You just need to follow his instructions. When the arrow appears - open the order, when a square appears with a tick - close the warrant. For convenience of the trader, the indicator when signals appear sends a m
Amok
Andrey Kozak
Amok is a fully automatic trading system that was developed for trading on the EURUSD currency pair, H1 timeframe on micro accounts. Nevertheless, as practice shows, this trading system works well in other currency pairs. Principle of work of the trading robot Amok In the algorithm of the robot, there are more than 7 different trading strategies. This was done to ensure that the robot could work more stably in different market conditions. The program part of the robot uses 12 different indicato
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Sirevelu Sasi Kumar
222
Sirevelu Sasi Kumar 2026.09.23 17:57 

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Andrey Kozak
47747
Reply from developer Andrey Kozak 2026.09.23 17:59
Hi! Thanks for your feedback!
aborisov
129
aborisov 2026.09.23 16:59 

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Andrey Kozak
47747
Reply from developer Andrey Kozak 2026.09.23 17:09
Hi! Thanks for your feedback!
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