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Nostradamus

Nostradamus is a powerful indicator from the set of professional trader. The indicator is based on Andrei Spiridonov's original price calculation method (ESTIMATED PRICE) for the current candle price.


Advantages of the indicator

  • The indicator does not redraw.
  • It works on any timeframes.
  • Works with any trading instruments.
  • Perfectly suitable for scalping and trading binary options.


Parameters

  • ESTIMATED PRICE - indicator line color.
  • Color - color of the ESTIMATED PRICE FUTURE line.


How to work with the indicator

The indicator forms the ESTIMATED PRICE (red by default) when a new candle appears - this main line serves as a guideline for the trader. Therefore, it is important to take all actions to open the trade positions as soon as a new candle appears. It also forms the ESTIMATED PRICE FUTURE line (yellow by default). While a candle is forming, the price of this line is variable and constantly changing depending on the market situation. When the current candle closes, it turns into the main ESTIMATED PRICE line.

The ESTIMATED PRICE FUTURE line is introduced for greater visibility. Using it as a guide, the trader can estimate when the main ESTIMATED PRICE line will be formed when a new candle opens.

As soon as a new candle appears, the ESTIMATED PRICE forms (for clarity, its price is indicated in the same color as the ESTIMATED PRICE line itself). This price is the guide for trading according to the indicator's rule. On the M1-M15 timeframes, it is optimal to trade instruments with low spreads. Simply put, open a trade as soon as a new candle appears in the direction of the ESTIMATED PRICE line. Close the trade once the price reaches this line. One trade within one candle.


The indicator rule

During the formation of the current candle on any timeframe, the price is highly probable to touch the ESTIMATED PRICE level (red by default).


Example

  • You are trading on the M15 timeframe.
  • Wait for the new candle to open.
  • The moment the candle appears, quickly open a trade positions in the direction of the ESTIMATED PRICE line.
  • The target take profit level will be the price of the ESTIMATED PRICE line, red by default.
  • Perform only one trade within the candle formation time.


Important

In case both the ESTIMATED PRICE and ESTIMATED PRICE FUTURE lines coincide or are located very close to each other, it is necessary to wait for another candle to form, since you will not physically have the time to react to the price quick enough when making a trade.

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Strong Trends With Magic Entries MT5
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Excessive Momentum Indicator MT5
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ACB Breakout Arrows MT5
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KEENBASE SOFTWARE SOLUTIONS
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FX Trend MT5
FX Trend MT5
Daniel Stein
You want to become a constantly profitable 5-star forex trader? 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat FX Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long they last and how powe
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WaveTheory Fully automatic calculation
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Kaijun Wang
This indicator is a perfect wave automatic analysis indicator for practical trading! The standardized definition of the band is no longer a wave of different people, and the art of man-made interference is eliminated, which plays a key role in strict analysis of the approach. Sale at a discount, make friends with you! Cooperation QQ:556024" Cooperation wechat:556024" Cooperation email: 556024@qq.com" Index content: 1.Basic wave: First, we found the inflection point of the basic f
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PZ Cup and Handle MT5
PZ Cup and Handle MT5
Arturo Lopez Perez
The Cup and Handle pattern is a technical price formation that resembles a cup and handle, where the cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern -the handle- is smaller than the left-hand side -cup-, and retraces no more than 50% from the top. It can be both a continuation and a reversal pattern.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Clear trading signals Customizable colors and sizes Implemen
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LT Easy Market
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Easy Market makes the market easier to trade. It allows you to see an "eternally" side (no trend) market, making it extremely easy to see when the price is overbought or oversold. Both trend and consolidation traders will like Easy Market. You can use it as an auxiliary window (below chart) or in full screen mode. See the screenshots and note how it gives you accurate entries! Free demo version:   https://www.mql5.com/pt/market/product/41869 Free signals emitter:   https://www.mql5.com/en/market
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