- A non-repainting indicator for binary options M5, exclusively on MetaTrader 4.
AkendicatorX estimates the direction the next candlestick will move and shows it with clear arrows.
With its powerful algorithm, CANDLE POWER, it calculates the right value, second after second, 24 hours a day.
When the length of the current candle reaches and/or exceeds the value of Candle Power, an arrow immediately appears, indicating whether the next candle is likely to be Bullish or Bearish.
AkendicatorX is a clear reversal indicator.
- It is compatible with all the major currency pairs:
EURUSD, USDCHF, GBPUSD, USDJPY, EURJPY, EURAUD, CADJPY, NZDUSD, AUDNZD, AUDJPY, NZDJPY, GBPJPY, USDCAD, AUDUSD, EURGBP, EURCHF, GBPCHF, GBPAUD, EURCAD, CHFJPY, AUDCAD, EURNZD, NZDCHF, NZDCAD, AUDCHF.
It works only with the 5-digits brokers.
- With AkendicatorX, you can also see the length of each candle (the distance between Open and Close - not between High and Low)
- The trading signal is represented by an arrow: when a candle closes and the its length is equal or more than the Candle Power value, immediately, a green or red arrow appears on the chart. Green when the forecast is for a Bullish price, Red when the forecast is for a Bearish price.
All settings are customizable:
- Enable_Alerts: if set to True, all Alerts are active. If you set to False, you have no alert.
- Early Alerts: with True, in the presence of an Arrow, you will receive an alert message on your screen.
- Email Alerts: with True, you receive a message on your mail address (you must enable this command on MetaTrader).
- Mobile Alerts: with True, you receive a message on your smartphone (you must enable this command on MetaTrader too).
- Alert Once per Candle: with True, you will receive only 1 alert during the candle’s life. During the 5 minutes, if the length of the candle reaches and exceeds many times Candle Power’s value, you receive only one alert, otherwise you could hear the alert several times.
- Notifications_Update_Minutes: select the time period in which you want to receive Alerts on your smartphone or email.
- x y_coord: exact point on your display where you want the "Candle Power" text appears with its value. X and Y represent the abscissa and ordinate coordinates of the chart.
- font_size: font size of the numbers above and below every candle.
- candle_font_size: font size of “Candle Power” text and its value.
- font_name: font chosen among those available on your operating system.
- text_color: color of “Candle Power” text and its value.
- ColorBull: color of the bullish candles’ length.
- ColorBear: color of the bearish candles’ length.
- signal_size: arrow size.
- signal_pips_distance: PIP distance of arrows from the shadows (highest and lowest values) of a candle.
The messages you may receive on your display/smartphone/email are "AkendicatorX. Next candle could be Bullish" or "AkendicatorX. Next candle could be Bearish"; and when a candle reaches the Candle Power value, you receive this message: "Candle Power on" with the current value.
We suggest to tick M5 box on Custom Indicator's window, because, it is worth reminding, AkendicatorX works solely and exclusively with a 5 minutes timeframe.