Mabora Advanved 1
- Indicators
- Version: 1.0
- Activations: 5
Mabora Advanced 1.0 is a custom technical indicator designed for MetaTrader 5 (MT5) that combines trend momentum, volatility bands, momentum filtering, and automated risk management visualization.
Core Technical Components
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Triple Exponential Moving Average (TEMA): Utilizes a short-period TEMA to capture fast price movements with minimal lag.
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Custom Bollinger Bands: Applies Bollinger Bands directly onto the TEMA values instead of raw price data, creating a responsive volatility channel around the moving average.
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Relative Strength Index (RSI) Filter: Uses an RSI filter with strict thresholds to confirm market extremes before allowing trades.
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ZigZag Swing Detection: Integrates a ZigZag indicator to locate recent structural swing highs and lows for accurate structural placement.
Signal Generation Rules
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Buy Signals: Triggered when the TEMA line crosses above the Upper Bollinger Band, the RSI filter condition is met, and no recent buy signal has occurred within the past 10 bars.
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Sell Signals: Triggered when the TEMA line crosses below the Lower Bollinger Band, the RSI filter condition is met, and no recent sell signal has occurred within the past 10 bars.
Risk Management & Chart Graphics
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Entry Line: Automatically plotted at the open price of the candle immediately following the signal candle.
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Stop Loss Line: Calculated dynamically using the nearest ZigZag swing high or low combined with a user-defined point padding ( 20 points).
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Take Profit Line: Automatically calculated as a 1:3 risk-to-reward ratio, placing the take profit target at exactly 3 times the distance of the stop loss from the entry price.
Notifications & Customization Settings
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Alert Toggles: Built-in settings allow users to enable or disable popup alerts and mobile push notifications.
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Visual Display Toggles: Input toggles let traders show or hide the Entry, Stop Loss, and Take Profit lines directly from the MT5 indicator properties window.
