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Ultimate Engulfing Scanner Multi Pair MTF

(FOR MT5) Ultimate Engulfing Scanner Multi Pair And Multi Time Frame: 

This indicator has been designed to find the strongest engulfing patterns in the forex market.


- An engulfing pattern is very simple to trade, without the need for any complicated analysis.


- This patterns provides an excellent risk and reward ratio. Because your potential wins will 

   always be considerably larger than your potential losses. And this is CRITICAL to your long term 

   trading success. 


- You have the highest probability of success when you this pattern occurs at the end of an extended trend.

   And this is why we have put two separate filters into this indicator. So that you don't waste your valuable

   time with meaningless alerts. 



IMPORTANT FACTORS TO KEEP IN MIND:

Nothing is more important than price action.


A strong engulfing candle at the end of a trend is a clear indication that the institutions have flipped.

If it happens at the end of an uptrend, it means that the institutional bears are now in charge. 

And if it happens at the end of a downtrend, it means that the institutional bulls are now in charge. 


Features:

  • This indicator can monitor all 28 pairs at the same time.
  • It can monitor every timeframe, from 1 Minute to Monthly. All at the same time. 
  • It will automatically trigger an alert whenever the appropriate pattern is identified.
  • It can monitor any symbol in your Metatrader platform. Including crypto, commodities, indices, equities, ETF's etc. 
  • It uses two filters (RSI and Consecutive Candles) in order to catch the patterns at the end of a trend.                                                                                                    

- This indicator only needs to be placed on one chart and it will simultaneously monitor the entire market, all on one screen.

  This will save you an enormous amount of time and effort. As you won't have to flip through dozens of charts for analysis. 
  And this will allow you to focus on other aspects of your trading. Such as further technical (or fundamental analysis).
  This will also give you more time to find other trading opportunities. 


Indicator Parameters:

  • Symbols: The indicator monitors the top 28 pairs by default, but you can select less pairs if you wish.
  • Use RSI Filter: True = Yes, False = No
  • RSI Period: Setting for RSI filter
  • RSI Up Level: Overbought level for RSI filter. Bearish engulfing candle must form above this level in order to be valid.
  • RSI Down Level: Oversold level for RSI filter. Bullish engulfing candle must form below this level in order to be valid.
  • Use Consecutive Filter: True = Yes, False = No
  • Consecutive Candles: Will look for the engulfing candle after "X" number of consecutive candles. 
  •           

For Example: 

If you select "5", it will look for an engulfing candle after 5 consecutive candles of the opposite color.

Therefore, if there are 5 consecutive down candles and then there is a bullish engulfing candle, it will trigger an alert.  


    You have the option of using both filters if you wish. Or only one of them. Or none. 

    It is completely up to you.



See the images below for further details and contact us if you have any questions.



HUNDREDS OF 5 STAR REVIEWS AND OVER TWO DECADES OF REAL WORLD MARKET EXPERIENCE:

This indicator has been created by a former hedge-fund employee, with almost 25 years

of market experience. And our company has been selling high quality indicators on this

platform since 2015.


Over the years we have helped THOUSANDS of satisfied clients and we have received

HUNDREDS of 5 star reviews. 


And we are proud to say that all of our reviews are 100% GENUINE

With absolutely no client manipulation, or questionable tactics of any kind. 


For further details regarding our background, we STRONGLY RECOMMEND that you take a look

at our profile. In order to get a better understanding of our overall trading experience and our

approach to the market.


https://www.mql5.com/en/users/escobedofx21




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Renko is a well-known Japanese charting technique that removes time from the chart. Instead of drawing bars in constant intervals (time) as a normal chart would, a Renko chart does so only when price moves beyond a predefined amount. In a Renko chart, a bar is created when price exceeds the previous bar’s high or low by a predefined amount or what we call the Box Size. The result is a chart with equally sized bars running up or down in 45 degree angles. Such a chart offers the following advant
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Dmitriy Kashevich
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Vinicius Machado
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Siarhei Vashchylka
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MetaTrend MT5
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Mostafa Tarakameh
Meta Trend Indicator is an efficient way to forecast and detect the trend in any market. It reveals the trend, support and resistance levels, volatility and the maximum potential target, all in one indicator. To adapt to the price and to decrease consecutive trend failures, the internal trend detector algorithm studies the market and dynamically chooses the right values for the internal parameters. This indicator is a perfect trend filter for any strategy or expert advisor. Features Super Ad
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PZ Lopez Trend MT5
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PZ TRADING SLU
This indicator tracks the market trend with an unmatched reliability, by ignoring sudden fluctuations and market noise. It has been designed to trend-trade intraday charts and small timeframes. Its winning ratio is around 85%. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade Find oversold/overbought situations Enjoy noise-free trading at all times Avoid being whipsawed in intraday charts The indicator analyzes its own quality and performance It
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PipFinite Exit EDGE MT5
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Karlo Wilson Vendiola
Did You Have A Profitable Trade But Suddenly Reversed? In a solid strategy, exiting a trade is equally important as entering. Exit EDGE helps maximize your current trade profit and avoid turning winning trades to losers. Never Miss An Exit Signal Again Monitor all pairs and timeframes in just 1 chart www.mql5.com/en/blogs/post/726558 How To Trade You can close your open trades as soon as you receive a signal Close your Buy orders if you receive an Exit Buy Signal. Close your Sell orde
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Bollinger Bands Triple Strategy Scanner MT5
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Eric John Pajarillaga Aldana
Bollinger Bands Triple Strategy Scanner is a simple, powerful, and effective solution for trading   breakouts,   reversals, and trend following!  This is a Multi-currency, Multi-timeframe, and Non-Repainting Scanner designed to provide you trading signals and save you hours analyzing the charts. Main Features: Advanced all in one scanner that automatically detects trading opportunities for breakouts, reversals, & trend following using the Bollinger Band indicator Easily identify if the prices
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AO unpaid divergences
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Diego Arribas Lopez
How to use the Demo version   MT4 Version AO unpaid divergences MT5 - Goldenlifestyle AO unpaid divergences is the first indicator developed to detailed analyze Regular and Hidden Divergences. It uses this analysis to find out possible entry points and targets. Below some of the characteristics of this indicator:  Time saving Highly customizable Working for all pairs (Crypto, Forex, Stocks, Indices, Commodities...) Suitable for Scalping or Swing trading Possible reversal swings Alerts and Notifi
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(FOR MT5)  Trend Finder Multi Pair And Multi Time Frame :   This indicator has been designed to help find the strongest trends in the forex market, quickly and easily. It simultaneously analyzes the moving averages for all 28 pairs and across 8 time-frames. And then it ranks each pair according to trend-strength. IMPORTANT FACTORS TO KEEP IN MIND: Institutional traders use moving averages more than any other indicator. And trading with the dominant trend is a CRITICAL part of your long term s
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Divergence Scanner Multi Pair And Multi Time Frame
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(FOR MT5)  Divergence Scanner Multi Pair And Multi Time Frame :   This indicator has been designed to automatically identify when a divergence occurs between price and an oscillator. It can identify both bull and bear divergence and it is already loaded with four of the most popular oscillators. You can choose from RSI, MACD, Stochastics and CCI. IMPORTANT FACTORS TO KEEP IN MIND: When a divergence occurs, it means that price and momentum are not in agreement. And divergence signals are widel
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Ultimate Reversal Scanner Multi Pair And MTF
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(FOR MT5)   Ultimate Reversal Scanner Multi Pair And Multi Time Frame : This indicator has been designed to identify the powerful ' Three Line Strike ' reversal pattern. According to Thomas Bulkowski (internationally known author and a leading expert on candlestick patterns), the ' Three Line Strike ' has the   highest overall performance rank of  any  candlestick pattern. Bulkowski's best selling book "Encyclopedia of Chart Patterns" is recognized around the world, as the premier reference on
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(FOR MT5)  Ultimate Strength Meter Strong Vs Weak :   This indicator has been specifically designed for measuring the strength of the 8 major currencies (USD, EUR, GBP, JPY, CHF, AUD, NZD and CAD). Allowing you to quickly select the best pairs to trade (Strong VS Weak). This indicator provides an EXCELLENT way to trade particular trading sessions. And a great way to trade the news events. As it represents current (real time) conditions. And you can select at which time you would like for it to
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Range Trader Multi Pair And Multi Time Frame
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(FOR MT5)  Range Trader Multi Pair And Multi Time Frame :   This indicator has been designed to automatically identify high probability range trading opportunities. The goal is to find non trending pairs that are coming off a recent high / low. And this indicator uses two filters (RSI and ADX) to identify these opportunities. IMPORTANT FACTORS TO KEEP IN MIND: The FX market is range bound  at least  70% of the time. And range trading has several distinct advantages that make it safer and more
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Pivot Point Scanner Multi Pair
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ScorpionFX
(FOR MT5)  Pivot Point Scanner Multi Pair :   This indicator has been desinged to automatically identify when price reaches a specified pivot point level. And it can monitor the entire market in the background, all from one chart. Allowing you to save an enormous  amount of time and effort. IMPORTANT FACTORS TO KEEP IN MIND: For many years, floor traders (and market makers) have used pivot points to determine critical levels of support and resistance.  And these levels often act as price barri
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Full Market Analysis Multi Pair And MTF
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ScorpionFX
(FOR MT5)  Full Market Analysis Multi Pair And Multi Time Frame :   This is a powerful tool that will allow you to quickly and easily monitor the entire Forex market. It can be used for just about any kind of strategy that you like. Whether it be trend trading, range trading, reversals etc.  As it gives you perspectives on momentum, risk-sentiment, volatility, overbought / oversold etc. It also allows you to set thresholds for monitoring specific critical levels and it displays all of the info
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Round Numbers And Psychological Levels
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ScorpionFX
(FOR MT5)  Psychological Levels And Round Numbers :   This indicator has been designed to automatically identify when prices reach major psychological levels. Also know as ' whole numbers ' or ' round numbers ', these levels act as price barriers where large amounts of orders will generally accumulate. And the larger the psychological level, the more orders will generally be placed in that area. Therefore, these levels can be used to define entries and exits and provide a very strong risk and re
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Ultimate Correlation Scanner MT5
Ultimate Correlation Scanner MT5
ScorpionFX
(FOR MT5) Ultimate Correlation Scanner Multi Pair And Multi Time Frame :   This indicator has been designed to quickly identify the highest correlations for any pair in the market. And you don't have to conduct hours of research, analyzing dozens of columns, rows or tables. As this indicator gives you the most important information, quickly and easily.   Using this indicator, you can create a system that allows you to take advantage of the ongoing  correlation dynamics that are always present
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Ultimate Moving Average Crossover Multi Pair MT5
Ultimate Moving Average Crossover Multi Pair MT5
ScorpionFX
(FOR MT5)  Ultimate Moving Average Crossover Multi Pair And Multi Time Frame :   This indicator has been designed to find various types of moving average crossovers. And combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system.   - Moving average crossovers are very simple to trade, with clear "buy or sell" signals. - Moving average crossovers offer a clear indication of the different phases of a trend.    Such as expansion, pul
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