Fifth dimension

5

The indicator looks for the "Fifth dimension" trade signals and marks them on the chart. A detailed description of the chart patterns that generate the trade signals can be found in Chapter 8 "The Balance Line Trades" in the book Williams' "New Trading Dimensions". Signal levels with indication of the position entry or stop loss placement price are indicated directly on the chart. This feature creates additional convenience for the trader when placing pending orders. A solid horizontal line is displayed in case a signal level is broken. A dashed line on the chart indicates a level, the breakout of which may change the market trend. A vertical dashed line is drawn from the High (Low) of the basic bar to the signal level.


Settings

  • bShowLine=true - show the signal lines, false - hide the signal lines.
  • bShowLevel=true - show the prices of the signal levels, false - hide the prices of the signal levels.
  • bAlert=true - show alerts about a breakout of the signal level, false - disable the signal block.
  • bPush=false - send Push notifications about a breakout of the signal level, false - disable the signal block.
  • bMail=false - send email notifications about a breakout of the signal level. false - disable the signal block.
  • BuyLevel=clrLimeGreen - color of the buy level line.
  • SellLevel=clrRed - color of the sell level line.
  • BWZoneFilter=true - enable the AO and AC indicators based filter of zones.
  • maPeriod=13 - parameter of the balance line, "Teeth" line of the Alligator indicator.
  • maShift=8 - parameter of the balance line shift, "Teeth" line of the Alligator indicator.
  • maMethod - smoothed method to draw the balance line (Alligator "jaw" line).
  • maPrice - median price, price applied for the balance line.
  • BWZoneFilter=true - enable consideration of signal zones based on the АО and АС indicators.


The Balance Line Trades ("The fifth market dimension")

The balance line shows the direction of the current path of least resistance for the movement of prices in the market. Therefore, buying is recommended when the price is located above the balance line and selling is advised if the current price is below the balance line. An opposite signal may serve as the stop loss level for the open deals. In addition, it is beneficial to look for the position entry points when the price is in the immediate vicinity of the balance line, while the histogram of the Awesome Oscillator is located near the zero line. Due to this, it is recommended to use the Alligator, Super AO and AC indicators in the template. An additional zoning filter available in the indicator should be used when trading. Works on all time frames. However, the author of the strategy recommends trading using the daily range.

Reviews 3
Armenia9654 Viklor
162
Armenia9654 Viklor 2026.04.08 08:21 
 

Good Indicator sir.

Findolin
2290
Findolin 2023.07.13 20:27 
 

Very helpful tool for good entries. Thank you very much!

jeison jei
367
jeison jei 2017.10.03 08:56 
 

Спасибо! Этого сигнала очень не хватало

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RelicusRoad Pro: Quantitative Market Operating System 70% OFF LIFETIME ACCESS (LIMITED TIME) - JOIN 2,000+ TRADERS Why do most traders fail even with "perfect" indicators? Because they trade Single Concepts in a vacuum. A signal without context is a gamble. To win consistently, you need CONFLUENCE . RelicusRoad Pro is not a simple arrow indicator. It is a complete Quantitative Market Ecosystem . It maps the "Fair Value Road" price travels on, distinguishing between random noise and true structur
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Trend Forecaster – Since 2023. The Trend Forecaster indicator utilizes a unique proprietary algorithm to determine entry points for a breakout trading strategy. The indicator identifies price clusters, analyzes price movement near levels, and provides a signal when the price breaks through a level. The Trend Forecaster indicator is suitable for all financial assets, including currencies (Forex), metals, stocks, indices, and cryptocurrencies. You can also adjust the indicator to work on any time
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Introducing Indicator for PainX and GainX Indices Traders on Weltrade Get ready to experience the power of trading with our indicator, specifically designed for Weltrade   broker's PainX and GainX Indices.  Advanced Strategies for Unbeatable Insights Our indicator employs sophisticated strategies to analyze market trends, pinpointing optimal entry and exit points.  Optimized for Maximum Performance To ensure optimal results, our indicator is carefully calibrated for 5-minute timeframe charts on
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The main purpose of the indicator is to determine and mark trade signals on the histogram of the Accelerator Oscillator, which were described by Bill Williams in his book "New Trading Dimensions". The list of signals: The buy signal when the indicator histogram is below the zero line. The sell signal when the indicator histogram is below the zero line. The sell signal when the indicator histogram is above the zero line. The buy signal when the indicator histogram is above the zero line.  The buy
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This software has no equals in the world and represents a universal trade "console" covering trading signals, automated market entry, setting of Stop Loss and Take Profit, as well as Trailing Profit for multiple trades at the same time in a single open window. Intuitive control of the Expert Advisor in "three clicks" ensures a comprehensive use of all its functions on different computers, including tablets PCs. Interacting with additional signal indicators that mark the chart to give a real mark
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The standard Bollinger Bands indicator has been improved by integrating additional indications from the Standard Deviation indicator (StdDev), which gives an additional filter for confirming trading signals. In addition, the color of the indicator's lines shows the beginning of a trend, its development and exhaustion. This indicator has a signal block that notifies the trader of the beginning of the trend on any time frame to which it is attached. Settings Type of messages - select the type of
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Purpose and functions of the indicator The indicator determines and marks the moments of trend change on the chart based on the theory of fractal levels breakout on any of the analyzed timeframes. If a breakout based on all rules is valid, a horizontal line with corresponding color will appear on the chart. If there is an uptrend, the line will be blue. In the descending trend, the line will be red. The blue line is a strong support level, the trader should look for buying opportunities above th
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The indicator is intended for determining the spread and swap size, the distance for setting stop orders and stop losses from the current price allowed and the risk per 1 point in the deposit currency. The indicator informs a trader about possible additional expenses and profits connected with transferring a position to the next trade session of the financial instrument. It also informs about the spread size and the distance of pending orders, stop loss and trailing from the current price. In ad
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The multi-timeframe indicator of the levels of the Pivot Points. Every closed daily period has its own so-called reference point - Pivot Point, which sets the levels for smaller intraday timeframes for the following day. The Pivot Points indicators existing in the codes have no method of showing the dynamics of the pivot point changes on the historical data of the price chart. Pivot Point calculation formula. Pivot=(High + Low + Close) /3 High — the maximum of the previous day; Low — the minimum
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Iranger
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Description The indicator based on Average True Range (ATR) is designed to accurately determine the possible range of price fluctuations on a selected timeframe. This tool is ideal for both beginner traders and experienced professionals looking to effectively plan their trades. Key Features: Displays possible price fluctuation levels on the chart, simplifying visual analysis. Utilizes the power of the ATR algorithm to calculate precise volatility values. Adapts to any timeframe, providing releva
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The script analyzes all trading instruments listed in the Market Watch of the MT5 platform to assess their suitability for trading on the timeframes specified in the settings. Based on the analysis, the script displays a table, where trading instruments deemed suitable and recommended for trading are marked in green, based on their compliance with the risk-to-reward ratio coefficient, including the spread (default 1:3). Instruments not recommended for trading are marked in red.
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This is a utility created to ease charts watching on tablet PCs. The indicator allows you automatically alternately display "slide show" of all currency charts from "MarketWatch". The user can set the display time interval (in seconds) between charts in indicator settings. In addition, there is an option of selecting the angle of Start/Stop button which starts and stops the display of charts. This function is very useful if a trader noticed a trading signal and would like to study it in more det
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The idea of ​​enhancing the free Slider utility appeared after the release of a lite version of the EA trade panel Trading Chaos Expert Lite , which operates in the Current Chart mode without the possibility to maintain trades of several symbols in a single window. The purpose of Slider profy Ease search for trading signals by automatic display of charts of currency pairs from the "Market Watch" one by one at a specified interval of time in seconds. Automation of one-click placing of pending ord
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The main purpose of the indicator is to detect and mark trade signals on the histogram of the Awesome Oscillator according to the strategies "Trading Chaos, second edition" and "New Trading Dimensions". The indicator detects and marks the following trade signals: "Two peaks" - Divergence. The signal "Second wise-man" - third consequent bar of the Awesome Oscillator after its color is changed. The histogram crosses the zero line. The signal "Saucer". The indicator includes a signal block that inf
Auto Format
Gennadiy Stanilevych
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This is an utility for automatic scaling of a chart and making at least 140 bars visible in it. This is necessary for a correct wave analysis according to the Bill Williams' strategy "Trading Chaos". The utility can be used on any timeframe available in МetaТrader 5. It draws a vertical line through the first bar the calculation starts from. This line allows you to see the probable starting point of the wave sequence along with a sufficient number of bars displayed in the chart. It also makes th
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5 (1)
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The indicator determines and marks the short-term lows and highs of the market on the chart according to Larry Williams` book "Long-term secrets to short-term trading". "Any time there is a daily low with higher lows on both sides of it, that low will be a short-term low. We know this because a study of market action will show that prices descended in the low day, then failed to make a new low, and thus turned up, marking that ultimate low as a short-term point. A short-term market high is just
Alligator modified
Gennadiy Stanilevych
5 (4)
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The MT5 platform indicator has standard settings and requires no modifications when connected to the chart. Modifying the indicator involves adding two functions: Marking the area when the indicator lines are in the correct sequence (green line above or below red and blue lines, and red above or below blue). This creates a confirmed cross marked by the closing price to avoid false signals during the Alligator lines' entanglement periods. Drawing horizontal rays from market structure break levels
Stop close only
Gennadiy Stanilevych
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The script in the form of an expert is created for the possibility of automatic installation of pending orders of the Stop Close Only type, which are not in MT5 by default. This type of order implies entering a long position in case the price closes above a given price level and opening a short position if the price closes below the price set by the trader. At the same time, level breakouts are not taken into account. The expert indicates the levels on the chart with lines, overcoming which will
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Armenia9654 Viklor
162
Armenia9654 Viklor 2026.04.08 08:21 
 

Good Indicator sir.

Findolin
2290
Findolin 2023.07.13 20:27 
 

Very helpful tool for good entries. Thank you very much!

jeison jei
367
jeison jei 2017.10.03 08:56 
 

Спасибо! Этого сигнала очень не хватало

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