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Elder Force Zones

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Published: 29 September 2026

Current version: 1.0

Elder Force Zones

Indicators
Bugra Kaan Yildirim
Bugra Kaan Yildirim
Ceo at AlgoTeknik

Türkiye

2292
5 (3)
- www.algoteknik.com
info@algoteknik.com
https://www.mql5.com/en/job/new?prefered=bugraky123

15 products
Version: 1.0

MetaTrader's built-in Force Index is not the formula Dr. Alexander Elder published. It multiplies the volume of a bar by the change of a 13-bar moving average of price. Elder defined the force of a bar as its volume times the change of its close, and smoothed that with an exponential moving average. Measured on gold over the last year, the two disagree about which side of zero the market is on roughly one bar in six (M15, H1 and H4).

Elder Force Zones computes Elder's own definition and builds his way of working around it: the 13-bar Force Index for the trend of force, the 2-bar Force Index for timing in the Dual view, and the buy and sell zones it is named after, pullbacks judged against the trend of the next higher timeframe (the Triple Screen). On top of that it marks force spikes and divergences on closed bars and can alert on them.

Release notes, chart examples and new product announcements are posted on the TrendTower channel: https://www.mql5.com/en/channels/trendtower

What you see

In the default Classic view the candles are the 13-bar Force Index: who has been in control, and how hard. The thick line over them is the signal line, an EMA or VIDYA of the 13-bar Force Index; a crossing of the two marks a turn. The Dual view adds Elder's pair: the candles become the 2-bar Force Index, who pushed hardest in the last bar or two, and the 13-bar Force Index is drawn as a line of its own, with the signal line under it.

Line colours offers three looks. The default is a traffic light. Green: the line rises, or runs above its signal, with buyers in control, at or above zero. Red: it falls, or runs below its signal, with sellers in control, at or below zero. Both confirm the side in control. Yellow: the two disagree, rising while still below zero or falling while still above it, a caution that the force is heading back toward zero. In the Classic view the signal line carries the colour (for an EMA or VIDYA the Force Index above the signal is the signal rising); in the Dual view the Force Index line carries it, judged against its signal line, and the signal line is silver. The colour changes on the very bar of a crossing. Measured on gold, EURUSD and the Nasdaq (M15 to H4), yellow covers 50 to 60 % of the Classic signal line's bars and 30 to 44 % of the Dual Force Index line's: a line swinging around zero spends about half its time heading back to it. Colour by slope, signal gap widened: the Dual Force Index line follows the same traffic light by its own slope, grey while flat, and the dotted silver signal line is drawn with its distance to the Force Index widened 2.5 times, so a crossing stays on its bar but the drawn signal line no longer sits at its own value and can appear on the other side of zero. One colour each: a gold Force Index line and a silver signal line. The numbers at the top of the window and in the Data Window always show the signal line's own value.

The zero line is a solid line in the colour set on the Inputs tab; None hides it.

Each bar is a candle body drawn from zero to the Force Index value, so it widens and narrows with the chart zoom exactly like the price candles above it. The candles are green above zero and red below it. With the trend colouring on, two more colours mark the bars that matter most in Elder's method: blue for a buy zone and orange for a sell zone. The next section explains what to do with them.

MetaTrader draws indicator colours without transparency, so the candle colours are mixed toward the chart background instead. At the default Candle opacity of 55 %, measured on a black chart against the brightest candle (orange), green keeps 4.3 to 1 contrast, yellow 5.4, gold 4.2 and silver 3.2. Solid red keeps 1.45 against orange and 2.8 against the red candles it mostly runs over below zero; the slope look's green keeps 2.75 and its flat grey 1.06. Lower the opacity for stronger lines, raise it for stronger candles. The four candle colours are set on the Inputs tab.

The bar that is still forming is drawn live and changes with every tick until it closes. Markers and alerts wait for the close, so a marker that has appeared never moves or disappears.

The numbers after the name at the top of the indicator window are, in order: the Force Index line (Dual view only), the signal line and the candle's value. A switched-off signal line leaves out its number.

Reading the colours: buy zones and sell zones

Blue is a buy zone and orange is a sell zone. A bar turns blue when the trend on the higher timeframe is up and the candle has dipped below zero: sellers are briefly in control inside an uptrend, which is a pullback. A bar turns orange in the mirror case, a rally inside a downtrend. These are the bars Elder trades, not the ones he avoids: the higher timeframe tells you which way to trade, and the pullback offers a better price in that direction.

A colour is not an entry on its own. A pullback can deepen, and several blue bars in a row are common. Elder's entry waits for the market to turn: a buy stop just above the high of the last blue bar, lowered to the high of each new blue bar while the pullback lasts, so a position opens only once price moves back in the direction of the trend. If the higher timeframe turns down first, the idea is dropped. Orange works the same way downwards: a sell stop just below the low of the last orange bar.

Green bars in an uptrend and red bars in a downtrend show the trend pushing; Elder does not chase them. Selling on blue or buying on orange would trade against the higher timeframe and is not part of the method. With the trend colouring switched off the candles are only green and red and mark no zones.

The indicator shows where the method looks for trades. It does not place trades, and it does not claim that the method is profitable on any market.

The trend, from the timeframe above

Elder's Triple Screen reads the trend on a timeframe about five times longer than the one you trade and takes entries against short-term moves in that direction. By default the indicator does the same: on M15 the trend comes from H1, on H1 from H4, on H4 from D1 and on D1 from W1. The trend is the slope of a 13-period EMA of closes on that timeframe.

Each bar takes the trend of the last higher-timeframe bar that had already closed when the bar opened. The colour of a bar therefore never changes while it forms, and history shows exactly what was known at the time. While the higher timeframe's history is still loading the colours stay plain, the journal says so, and the history is recoloured once it arrives.

The first bar of a buy or sell zone can raise an alert. With the trend from the next higher timeframe a zone starts on one bar in 11 to 17 in the Classic view and one in five to seven in the Dual view, whose 2-bar Force Index changes sign often (measured on gold, EURUSD and the Nasdaq, M5 to H4). That suits the chart but is frequent for an alert, so this alert is off by default.

Force spikes

A spike is a closed bar whose candle goes beyond every candle of the previous 100 bars: a new high above zero or a new low below zero, compared on the raw values so that both scales mark the same bars. It shows where buying or selling was at its most intense; on its own it does not predict a reversal. Because the test is a rank and not a fixed number, it behaves the same on every market: on gold, EURUSD and the Nasdaq about three bars in a hundred were marked on M15, H1 and H4 in the Classic view and four to five on M5; the Dual view's 2-bar candles mark about two in a hundred, three on M5.

Divergences

A bearish divergence is a higher swing high in price with a lower peak of the 13-bar Force Index; a bullish one is a lower swing low with a higher trough. A swing high needs five lower highs on its left and no higher high among the five bars on its right, so a divergence is known five bars after its second swing. The arrow sits on that confirming bar, not earlier, and two thick lines connect the price swings and the Force Index extremes. The arrows are large and drawn clear of the bar's candle and lines, above it for a bearish divergence and below it for a bullish one, so they stand on the background. Their two colours are set on the Inputs tab.

By default the Force Index must also cross zero between the two peaks, the condition Elder applies to his oscillator divergences: the bulls' or bears' back has to be broken. It halves the number of signals, measured at 7 to 11 per 1000 bars instead of 16 to 22.

Raw or normalised numbers

Raw values are volume times price change, the numbers Elder used. Their size depends on the symbol and drifts with activity: on gold the typical H1 value grew about ten times in three years, and EURUSD and the Nasdaq differ by five orders of magnitude. The normalised scale divides by the average volume and the average true range of the previous 100 bars, so 1.0 means an average-volume bar moving one average range, on any symbol and in any year. Colours, markers and alerts are identical in both scales; only the numbers on the axis change.

Alerts

Alerts can be sent as a popup, a push notification and an e-mail, each switched on separately. They come once per closed bar and never for a bar that closed before the indicator was attached, so attaching it or restarting the terminal does not replay old signals. Divergence alerts are preselected; the channels are all off until you choose one.

Things that work without a setting

Every line appears only once it no longer depends on how much history the chart holds. An exponential average remembers its starting point, and a chart with 5000 bars would otherwise show different values from one with 100000. The indicator waits until that memory is below one part in a billion: about 150 bars after the first bar on the chart for the 13-bar Force Index, about 280 for the EMA signal line, and 600 to 2900 for a VIDYA signal line. After that the same bar shows the same value on every chart and after every restart.

Most CFD and forex symbols report no real volume. When real volume is selected and the last 100 bars carry none, the indicator uses tick volume instead of drawing a flat line, writes that in the journal and in its name on the chart.

The normalised scale uses the bars before the current one, so it does not move while a bar forms.

The newest 100 divergences keep their arrows and lines. If another copy of the indicator on the same chart removes them, they are redrawn within a second.

Hovering over a divergence arrow or line shows its sentence and nothing else. Over the candles, the lines and a spike MetaTrader adds the indicator's name and the bar's time, and ends the row with the value: the number after the label is that candle's or line's Force Index. The Data Window lists the values under the same short names.

A chart or template saved with an older version can restore the indicator with fewer lines than it has; the missing ones cannot be drawn and their settings seem to do nothing. The indicator notices this and says so in orange in its own window. Remove it from the chart, add it again, and save your templates again.

For Expert Advisors

Buffers 0 to 3 are the candle (open 0, high, low, and close, which is the Force Index value) and buffer 4 its colour index (0 green, 1 red, 2 blue buy zone, 3 orange sell zone). Buffer 5 is the signal line as drawn and buffer 6 its colour index; buffer 7 is the Force Index line of the Dual view and buffer 8 its colour index. Both colour indexes read 0 green (above the signal or rising, at or above zero), 1 red (below or falling, at or below zero), 2 one colour or flat, 3 yellow (the direction against the line's side of zero). Buffer 9 is the spike marker, buffers 10 and 11 the bullish and bearish divergences (the Force Index at the confirming bar; not drawn, the arrows are chart objects), buffer 12 the Force Index line's value, buffer 13 the signal line's own value and buffer 14 the candles' value on its own. Read the signal from buffer 13: with slope colours buffer 5 is widened for the eye. Where nothing is drawn a buffer holds EMPTY_VALUE. Shift 0 is the bar that is still forming; markers exist only on closed bars, so read shift 1. When you pass inputs to iCustom, each input group heading counts as one parameter: give a string for the heading, then the values that follow it.

Settings reference

Every setting below is written exactly as it appears on the Inputs tab, in the same order, with its default.

1. FORCE INDEX

Display mode — default: Classic: Force Index as candles
Classic: the Force Index as the candles. Dual: the short Force Index as the candles and the Force Index as a line, Elder's pair. The signal line is drawn in both.

Force Index period (Elder: 13) — default: 13
EMA period of the Force Index; 13 is Elder's value for the trend of force. The line in Dual, the candles in Classic. 1 to 500.

Short Force Index period, Dual mode (Elder: 2) — default: 2
EMA period of the short Force Index in Dual mode; 2 is Elder's value for timing. Smaller than the Force Index period, 1 to 50.

Volume — default: Tick volume
Tick volume or real volume. Without real volume on the symbol, tick volume is used and the name on the chart says so.

Scale — default: Raw: volume x price change
Raw: volume times price change. Normalised: 1.0 is an average-volume bar moving one average range. Colours, markers and alerts are the same in both.

Normalised scale: average over this many bars — default: 100
Bars averaged for the normalised scale, not counting the current bar. 5 to 1000.

Draw the forming bar live — default: true
On: the forming bar is drawn and changes with every tick. Off: a bar appears when it closes. Markers and alerts always wait for the close.

2. CANDLES

Candle colour: buyers in control (above zero) — default: LimeGreen
Candles above zero when no zone applies.

Candle colour: sellers in control (below zero) — default: Crimson
Candles below zero when no zone applies.

Candle colour: buy zone (pullback in an uptrend) — default: DodgerBlue
Candles below zero while the higher timeframe rises.

Candle colour: sell zone (rally in a downtrend) — default: Orange
Candles above zero while the higher timeframe falls.

Candle opacity, % (lower lets the lines stand out) — default: 55
How strongly the candle colours show, mixed toward the chart background. 55 keeps the lines readable on a black chart. 10 to 100.

3. LINES

Line colours — default: Traffic light: crossings, yellow against zero
Traffic light: green rising above zero, red falling below zero, yellow when the direction is against the line's side of zero; the Classic signal line or the Dual Force Index line carries it. Slope: the same by the line's own slope, grey flat, with the dotted signal line's distance widened 2.5 times. One colour: gold line, silver signal line.

Zero line colour (None hides it) — default: DimGray
Colour of the solid zero line; None hides it.

4. SIGNAL LINE

Signal line method — default: EMA (Exponential Moving Average)
EMA or VIDYA of the Force Index, drawn as the thin signal line in both views; none hides it. On the Force Index a VIDYA runs much slower than its period suggests: VIDYA 13 behaves like an EMA of about 75 bars in the median.

Signal line period (VIDYA: up to 20) — default: 13
EMA 1 to 500, VIDYA 1 to 20: a longer VIDYA forgets its start so slowly that its line would depend on how much history the chart holds.

5. TRIPLE SCREEN TREND

Colour buy and sell zones (pullbacks within the trend) — default: true
Blue marks a buy zone (below zero while the higher timeframe rises), orange a sell zone (above zero while it falls). Off: only green above zero and red below.

Trend timeframe — default: Next higher timeframe (Elder: about x5)
Next higher: M15 to H1, H1 to H4, H4 to D1, D1 to W1 and so on. A timeframe that is not above the chart's uses the chart's own.

Trend EMA period, on closes — default: 13
EMA of closes on the trend timeframe; up while it rises, down while it falls. 2 to 500.

6. FORCE SPIKES

Mark force spikes — default: true
Marks a closed bar whose candle is a new high above zero or a new low below zero compared with the spike window.

Spike: new high or low of the candles over this many bars — default: 100
Bars a spike is measured against; 100 marks about three bars in a hundred in the Classic view. 10 to 1000.

7. DIVERGENCE

Mark divergences — default: true
Arrows on the bar that confirms a divergence between price swings and the Force Index.

Pivot: bars on each side — default: 5
A swing needs this many bars on each side, so a divergence is known this many bars after its second swing. 1 to 20.

Max bars between the two pivots — default: 60
The two swings are at most this many bars apart; more than twice the pivot bars, at most 500.

Force Index must cross zero between the peaks (Elder) — default: true
The Force Index must cross zero between the two peaks. Halves the number of divergences.

Draw divergence lines — default: true
Two lines per divergence, on price and on the indicator. The newest 100 are kept.

Divergence colour: bullish — default: DeepSkyBlue
Arrow and lines of a bullish divergence.

Divergence colour: bearish — default: OrangeRed
Arrow and lines of a bearish divergence.

8. ALERTS (ON CLOSED BARS)

Alert when a buy or sell zone starts — default: false
The first bar of a buy zone or a sell zone.

Alert on a divergence — default: true
A divergence is confirmed.

Alert on a force spike — default: false
A force spike on a closed bar.

Alert when the Force Index crosses zero — default: false
The Force Index crosses zero.

Alert when the Force Index crosses the signal line — default: false
The Force Index crosses its signal line.

Popup — default: false
Alert window in the terminal.

Push notification — default: false
Push notification to the phone set in Tools > Options > Notifications.

E-mail — default: false
E-mail through the account set in Tools > Options > Email.

Version history

1.0: first release.

About the author

Published by algoteknik. Other products and contact details are on the seller profile: https://www.mql5.com/en/users/bugraky123

Questions, bug reports and feature requests are welcome on the TrendTower channel: https://www.mql5.com/en/channels/trendtower

This is an indicator for analysis and decision support. It does not place trades. Always test thoroughly before using any tool in live trading. Trading involves risk.

algoteknik

Support, updates and every other product: mql5.com/en/users/bugraky123
Product channel: mql5.com/en/channels/trendtower

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A new King in town - Indicator + Order management indications(tp1+tp2+tp3) + Optional Telegram Signal sender INCLUDED (FREE) + Bonus EA Robot ( FULL TRADING and SIGNAL SYSTEM ) Our best EA for Gold: Gold Slayer TRY > Reversion Queen Expert advisor >JOIN Community Channel < NEW Free Automation EA link < click here ( disclaimer: this is new and still on testing and phase , use at your risk on demo) Free Telegram Bridge < click here This indicator includes an advanced Strategy, a trading sys

69 USD

Smart Trend Trading System — MetaTrader 5 Message me on MQL5 after purchase to receive Smart Universal Expert Advisor for FREE, plus the online course, PDF manual, and private group access. STTS brings trend direction, entry and exit signals, reversal zones, and important price levels together on your chart. Follow the system manually, or connect a separate compatible EA for automated execution using your chosen settings. ONE SYSTEM. FOUR TRADING APPROACHES. STTS organizes its trading approaches

69 USD

Entry Points Pro shows you where to enter, where to put the stop and what lot to trade — before you place the order. PRICE Now 199 USD: 8 copies at this price, then 249 USD. The final price is 349 USD. I make my money trading the markets, and I show it, so I don't need to sell this indicator to everyone. It is a tool for traders who think for themselves, not a magic button. No breakout, no trade. A gray arrow is a cancelled signal: price did not break the signal candle, so there was no entry

199 USD

discount ends SOON next price 69 $ ZORYK — Advanced XAUUSD Signal System for MetaTrader 5 You know the feeling. You spend time analyzing gold. You wait for the entry. You finally open the trade, and price immediately moves against you. You close too early, move the Stop Loss or hesitate for a few seconds. Then the market reaches the exact destination you originally expected without you. The direction was not always the problem. The real problem was uncertainty. You did not know exactly where th

39 USD

Get your trading edge in the line of sight M5 Sniper is a new indicator by MeanFX. It combines precise trading signals with adaptive TP/SL levels - creating best possible statistical trades as a result! The price increases every 5 purchases, the next price is 79$ Message me after purchase to receive tips/guide and bonus EA plus trading methodology Auto Optimisation only works on LIVE chart , needs data feed >JOIN Community Channel < What makes it stand out? Proven statistical per

59 USD

Gann Made Easy is a professional and easy to use Forex trading system which is based on the best principles of trading using the theory of W.D. Gann. The indicator provides accurate BUY and SELL signals including Stop Loss and Take Profit levels. You can trade even on the go using PUSH notifications. PLEASE CONTACT ME AFTER PURCHASE TO GET TRADING INSTRUCTIONS AND GREAT EXTRA INDICATORS FOR FREE! Probably you already heard about the Gann trading methods before. Usually the Gann theory is a

145 USD

SuperScalp Pro - Professional Multi-Layer Confluence Scalping System SuperScalp Pro is an advanced scalping indicator that upgrades the classic Supertrend with multiple intelligent confirmation filters. It helps you identify higher-probability Buy/Sell opportunities while significantly reducing false signals. Clear Buy and Sell arrows appear directly on the chart, along with automatic ATR-based Stop Loss and Take Profit levels calculated in real time. After purchase, please message me on MQL5 to

79 USD

ULTRA is a technical indicator that operates on an “all-in-one” basis—it independently analyzes the market, generates trading signals, displays levels for setting stop-loss orders, and suggests when to close trades to lock in profits or minimize losses. In other words, it doesn't matter if you don't know how to analyze the market, determine levels—where to set your stop-loss—or struggle with money management. ULTRA will do all of that for you! BUYER BONUS: After purchasing the ULTRA indicator, s

150 USD

Non-repainting buy and sell signals for gold (XAUUSD) on MetaTrader 5. Every signal comes with a stop loss and three take profits. A Smart Money Concepts filter with BOS and CHoCH, so you trade with the structure, not against it. A live Mentor on your panel that guides every step from the entry to TP3. And alerts straight to your phone and your own Telegram channel. That is Gold Trend Coach. Never trade alone again. FREE BUYER KIT with your purchase: 1. Telegram Alert Bridge: your signals go to

59 USD

Price will increase by $20 every 10 buyers to maintain premium value. After purchase, contact via MQL5 inbox to receive your buyer kit and bonus. You have probably tested dozens of indicators before. But we are not here to be “just another signals indicator.” Behind GoldenX Entry is intensive research & development focused on building sophisticated algorithms designed to adapt to the real behavior of every instrument — not generic signals recycled everywhere else. From advanced Auto Optim

41 USD

Secure the Lowest Price Today. After purchase, contact via MQL5 inbox to receive your buyer kit and bonus. Let's be honest first. No indicator will make you profitable on its own. If someone tells you otherwise, they're selling you a dream. Every indicator that shows perfect buy/sell arrows can be made to look flawless — just zoom into the right window of history and screenshot the winners. We won't do that. SMC Intraday Formula is a tool. It reads the market structure for you, maps the hig

58 USD

Boba Analysis Suite Boba Analysis Suite is an analytical indicator for MetaTrader 5. It brings market structure, relevant price zones and broader market context together in a single chart view. Developed through practical experience as a trader and trading coach, it supports a structured analysis process: assessing market direction, identifying important levels and considering multiple timeframes together. Analysis in Context Individual signals gain meaning through context. Boba Analysis Suite h

600 USD

FX Power: Analyze Currency Strength for Smarter Trading Decisions Overview FX Power is your go-to tool for understanding the real strength of currencies and Gold in any market condition. By identifying strong currencies to buy and weak ones to sell, FX Power simplifies trading decisions and uncovers high-probability opportunities. Whether you’re looking to follow trends or anticipate reversals using extreme delta values, this tool adapts seamlessly to your trading style. Don’t just trade—trade

79 USD

Gold Entry Sniper – Professional Multi-Timeframe ATR Dashboard for Gold Scalping & Swing Trading Gold Entry Sniper is a cutting-edge MetaTrader 5 indicator designed to give traders precise buy/sell signals for XAUUSD and other symbols, powered by ATR Trailing Stop logic and a multi-timeframe analysis dashboard . Built for both scalpers and swing traders, it combines real-time market direction , dynamic stop levels , and professional visual dashboards to help you identify high-probability gold en

30 USD

M1 SNIPER is an easy to use trading indicator system. It is an arrow indicator which is designed for M1 time frame. The indicator can be used as a standalone system for scalping on M1 time frame and it can be used as a part of your existing trading system. Though this trading system was designed specifically for short-term trading, it still can be helpful for all traders. This trading system can be used with any forex pair and time frame, though lower time frames are recommended from M1 up to M

135 USD

FiboSniper Pro - Multi-Filter Fibonacci System with Auto SL/TP and Control Panel FiboSniper Pro is a technical indicator that combines dynamic Fibonacci Envelopes with multiple confirmation filters to generate selective Buy and Sell signals. Fibonacci levels are calculated from Moving Average and ATR, then filtered by ADX, EMA, RSI, ATR, Volume, Time and Candle structure. The indicator displays automatic ATR-based Stop Loss and Take Profit levels directly on the chart, along with an interactive

99 USD

Apex Patterns PRO Buy Indicator - Get Expert Advisor Based on it for FREE. Self-Optimizing Chart Pattern & Breakout Intelligence Traditional pattern scanners rely on fixed inputs, often underperforming when market volatility and structures shift. Apex Patterns PRO is designed to adapt to changing market conditions by combining structural chart pattern recognition, momentum filtering, and statistical self-optimization into one analytical framework. Adaptive Scanning Engine Self-Optimizing Patter

150 USD

Auto Optimized SpeedAngle is an institutional-grade momentum vectoring system that eliminates curve-fitting through continuous Walk-Forward Optimization (WFO). Rather than relying on static inputs that degrade when market regimes shift, the indicator dynamically recalibrates its parameters using Out-of-Sample (OOS) validation, ensuring the displayed signals represent genuine statistical edges rather than historical anomalies. By shifting the focus from subjective visual angles to normalized, qua

100 USD

Sqn Max Indicator Sqn Max is an exclusive indicator to trade the market with high effectiveness. The indicator is based on price action, volatility and trend. This indicator is as simple as possible but not too simple. The indicator can generate alerts to ease the trading process. You don't have to stay all day in front of your screen. The indicator can be used with any class of assets and with any time frame. It is possible to achieve better results trading our list of selected assets. We achi

397 USD

Welcome to Entry In The Zone & SMC Multi Timeframe — COMPLETE SMC ANALYSIS SYSTEM — ALL IN ONE INDICATOR Entry In The Zone & SMC Multi Timeframe An indicator designed for market analysis based on Smart Money Concepts (SMC), displaying Market Structure, Key Zones (Order Blocks, Supply & Demand Zones, and Fair Value Gaps), Liquidity, and real-time BUY / SELL signals. It supports both Single-Timeframe and Multi-Timeframe analysis, along with the Confluence at Zone feature, which helps you evaluat

89 USD

Each buyer of this indicator also receives the following for free: The custom utility "Bomber Utility", which automatically manages every trade, sets Stop Loss and Take Profit levels, and closes trades according to the rules of this strategy Set files for configuring the indicator for various assets Set files for configuring Bomber Utility in the following modes: "Minimum Risk", "Balanced Risk", and "Wait-and-See Strategy" A step-by-step video manual to help you quickly install, configure, and

149 USD

Power Candles - Self-Optimizing Strength Indicator Strength usually lives in a sub-window. The line runs below, the candle above, and your eye keeps connecting the two. Power Candles puts the strength into the candle itself, colored from dark red to dark green, so the chart reads at a glance and the sub-window stays closed. The indicator also finds its own settings for the symbol and timeframe in front of you. One click on [ Apply Best ] draws entry, Stop Loss and Take Profit at the exact prices

99 USD

Currency Strength Wizard is a very powerful indicator that provides you with all-in-one solution for successful trading. The indicator calculates the power of this or that forex pair using the data of all currencies on multiple time frames. This data is represented in a form of easy to use currency index and currency power lines which you can use to see the power of this or that currency. All you need is attach the indicator to the chart you want to trade and the indicator will show you real s

145 USD

Atomic Analyst — MetaTrader 5 Message me on MQL5 after purchase to receive Smart Universal Expert Advisor for FREE, plus the online course, PDF manual, and private group access. Atomic Analyst brings price action, trend direction, entry and exit signals, Stop Loss and multiple Take Profit levels together on your chart. SEE THE SIGNAL. UNDERSTAND THE SETUP. Atomic Analyst organizes its analysis into clear visual information: • Buy and sell arrows to identify potential entries. • Stop Loss and mul

49 USD

Unix Scalper — MetaTrader 5 Message me on MQL5 after purchase to receive Smart Universal Expert Advisor for FREE, plus the online course, PDF manual, and private group access. Find the setup. See the plan. Choose how to trade it. UNIX Scalper brings market analysis, BUY/SELL/WAIT decisions and Entry, Stop Loss, TP1 and TP2 levels into one organized panel. SEE THE SIGNAL AND THE PLAN • Clear decisions: BUY, SELL or WAIT. • Defined levels: Entry, Stop Loss, TP1 and TP2. • Multi-timeframe overvie

49 USD

Astral Structure Assess the setup. See the initial plan. Launch Special - $99. $149 after launch. A structure setup raises several questions at once: does the wider view agree, where is the stop reference, and how are targets defined? Astral Structure brings those questions into one workspace for discretionary traders who build their decisions around market structure. Focus on the relevant setup. Review the latest eligible setup, its direction and qualification together. See the wider agreement.

99 USD

Tokyo Indicator provides a clear visual overview of trend direction, potential trading signals, and market conditions. Its colour-coded, stepped trend line distinguishes bullish phases in blue from bearish phases in magenta. Matching directional arrows highlight potential buying and selling opportunities when the displayed trend changes. An integrated dashboard brings together the current signal, market bias, momentum, volatility, and signal quality in one convenient view. This allows traders t

50 USD

Multi Currency Strength and Momentum Indicator MT5 Dynamic Forex28 Navigator is the evolution of our long-time, popular indicators, combining the power of five in one: Advanced Currency Strength28 Indicator (700 reviews) Advanced Currency IMPULSE with ALERT (530 reviews) Currency Strength EXOTICS GOLD Impulse with Alert CS28 Combo Signals (recent Bonus) No need to buy four indicators and stack them on your charts. All of it is merged into one powerful indicator: the strength of the 28 Forex pair

198 USD

Scalper Vault is a powerful, fully-equipped trading system designed for traders who want to achieve consistency in intraday trading . This high-precision indicator serves as a complete, standalone trading system that delivers institutional-grade analysis for both Forex and Binary Options traders. PLEASE CONTACT ME AFTER PURCHASE TO GET MY TRADING TIPS PLUS A GREAT BONUS! By eliminating the guesswork and complex manual analysis, Scalper Vault allows you to focus purely on execution using easy to

135 USD

Smart Chandelier Exit v1.5 Smart Chandelier Exit is an adaptive trailing-stop and trend-direction indicator. It plots a multi-layer ratchet stop line that follows price: green below price in an uptrend, red above price in a downtrend. The line only ever ratchets in the trend's favor, never against it, so it doubles as a mechanical trailing stop and a clear trend-state signal. What makes it smart is the built-in Pearson R trend-quality filter. A raw stop line tells you where the stop is; the Pear

FREE

Smart Chandelier Exit EA 1.1 Smart Chandelier Exit EA is the Expert Advisor for the Smart Chandelier Exit indicator, tested on Gold (XAUUSD) H1. It runs the indicator's chandelier engine by itself, with the same formula, the same default settings and the same fake-flip confirmation, and turns the confirmed flips into trades. A flip is traded only when it agrees with the higher timeframe, and every position carries a stop on the broker's server that follows the chandelier line and is never loosen

199 USD

Smart Exit EA — Ride the Trend, Skip the Chop Smart Exit EA follows a trend with an adaptive ATR trailing line and stays in the move until the trend really turns. It is built for two problems every trend trader knows: getting shaken out of a good trade too early, and getting chopped up in a sideways market. Release notes, chart examples and new product announcements are posted on the TrendTower channel: https://www.mql5.com/en/channels/trendtower What It Does Rides trends longer. The trailin

FREE

Refine OBV Refine OBV measures cumulative volume flow read against its own adaptive signal line with a color-coded spread and non-repainting divergence detection. Raw On Balance Volume answers one question: is volume being credited to the buyers or the sellers? While useful, raw OBV is a single wandering line with no reference point. Refine OBV adds an adaptive EMA of the flow itself as a reference line. The distance between the flow and its signal line (the spread) is rendered as a color-coded

FREE

Trix Trend algoteknik · MetaTrader 5 Indicator Manual Overview Trix Trend is a momentum oscillator based on TRIX — the rate of change of a triple-smoothed exponential moving average of price. Triple smoothing removes most of the short-term noise, so the oscillator reacts to the underlying momentum of the move rather than to every small wiggle, while staying more responsive than a simple long moving average. The indicator draws a slope-colored TRIX line, a weighted signal line, a zero line, and t

FREE

Donchian Trend Engine Donchian Trend Engine is an institutional-grade dual-clock trend-following and channel breakout suite engineered for MetaTrader 5, combining Richard Donchian's breakthrough channels with the complete tactical rules of the legendary Turtle Trading experiment . The Two-Clock Architecture Unlike standard Donchian channel indicators that merely compute static highest highs and lowest lows, Donchian Trend Engine is built on a mathematically rigorous two-clock foundation : The P

FREE

Smart Volatility Squeeze MT5 Smart Volatility Squeeze MT5 is a volatility compression and momentum expansion indicator for MetaTrader 5. It builds on John Carter's Volatility Squeeze framework and extends the usual single-tier squeeze into three compression tiers, so you can see not only whether the market is compressed but how tightly it is compressed before it expands. The indicator opens in a separate window and draws two elements: a linear regression momentum histogram and a row of coloured

FREE

Smart Chandelier Exit for MetaTrader 4 Smart Chandelier Exit is an advanced volatility trailing-stop and trend-direction indicator developed for MetaTrader 4. It enhances classical Chandelier Exit logic by introducing a real-time Pearson R correlation engine to quantify trend quality and weed out sideways market noise. Technical Specifications 1. Precision Ratchet Trailing: The trailing line computes adaptive volatility bands based on Highest High and Lowest Low channels combined with Average Tr

FREE

Quant Trend Cloud A cloud that is a regime, not a thread: the band between two slow adaptive lines. No arrows and no dots - the colour says which way the regime stands, and the brightness says whether the candle and the fast line stand clear of the band on that bar. Version 1.0. Release notes, chart examples and new product announcements are posted on the TrendTower channel: https://www.mql5.com/en/channels/trendtower What It Is The cloud is the band between Kaufman's adaptive average and VIDYA.

FREE

Quant Key Levels, version 1.0. The reference levels a discretionary trader actually works from, on one chart and in one visual language. Eleven families, each on its own switch, and nothing on the chart that a level does not earn. What separates it from a pivot pack is not the number of families. It is that the things most level tools assume, this one measures. How far your broker's clock sits from UTC, measured out of your own terminal rather than typed into a box. Where an exchange actually op

FREE

Trend Regime Line Version 1.1 · algoteknik What This Indicator Is Trend Regime Line reads the trend through a triad: three Larry Williams tools that each answer their own question, and one line on the price chart that is coloured only when the answers fit together. Williams %R says which side price is thrusting to, the Ultimate Oscillator whether momentum confirms that side, and Williams Accumulation/Distribution whether buying or selling pressure still backs it. Green means the triad agrees on

FREE

SVS Assistant SVS Assistant is the execution half of Smart Volatility Squeeze MT5. It carries out the orders you request from that indicator's 1-Click Trading Desk, applies your risk rules to them, and manages the resulting positions. It is published free of charge. Please read this before downloading: it does not analyse the market and it produces no signals of its own. Without the Smart Volatility Squeeze indicator running on the same chart there is nothing for it to listen to, and it will do

FREE

Smart Chandelier Exit EA — Institutional Gold Trend & Prop Firm Engine for MetaTrader 4 LAUNCH PROMO: First 10 copies available at $199 (1/10 sold)! Next price: $249 | Final price: $399. FREE SETFILES AVAILABLE IN THE COMMENTS TAB: SCE_GOLD_H1_Conservative.set (Low drawdown, steady compounding) SCE_GOLD_H1_Balanced_Growth.set (3-Year tick verified peak performance engine) SCE_GOLD_H1_PropFirm_Challenge.set (Strict daily 2.5% and max 5% loss guards) WHY 95% OF MARKETPLACE ROBOTS FAIL — AND WHY TH

199 USD

Quant Desk Pro An R-native trade manager for MetaTrader 5. It manages the trades you have already opened: it measures what each one is really risking, protects it, scales out of it on a plan you set, trails what is left, and stops the whole book when the day has gone far enough wrong. Read this first. Quant Desk Pro does not open trades and has no signal. And it ships in VIEW ONLY : it will not send a single order until you set I understand the risks to true in the inputs. Until you do

FREE

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Elder Force Zones

Bugra Kaan Yildirim

What you see

Reading the colours: buy zones and sell zones

The trend, from the timeframe above

Force spikes

Divergences

Raw or normalised numbers

Alerts

Things that work without a setting

For Expert Advisors

Settings reference

Version history

About the author

algoteknik