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Gossamer MT4

Gossameris a moving average ribbon indicator that uses a novel approach to identify breakout trades in trending markets.  

By applying a progressive period shift to each moving average, levels of consolidation become visible. Enter trades when price breaks out in the direction of the prevailing trend. Stoploss should be located on the other side of the consolidation from the breakout. Profits can be taken at the next consolidation or the stoploss trailed and the position built.

Applicable to all instruments and timeframes, it is particularly effective in strongly trending markets.

The following settings are available: 

Name Default value Purpose
MaMethod MODE_EMA Moving average method applied to all the moving averages in the ribbon
 MaAppliedPrice  PRICE_MEDIAN Moving average applied price for all the moving averages in the ribbon
 PeriodStart  2 Period of the first moving average period (default EMA(2))
 PeriodStep  1 Period step between the moving averages, periods of 2,3,4,5,... by default
 StepCount  20 Number of moving averages in the ribbon. Constrained to a maximum of 60
 MaShiftFactor  1 Multiplication factor applied to the period to calculate the moving average shift
 StartColor  clrLightSalmon A gradient colour scheme can be applied to the ribbon. This is the starting colour
 EndColor  clrPaleTurquoise The end colour applied to the ribbon. If clrNONE is selected, then the startColor is applied to the whole ribbon
 TrendLineWidth  3 The last moving average in the ribbon is used as a colour coded trend indicator. A thicker line width is applied to highlight the colour indicating the trend.
 BuyColor  clrLime Colour applied to the trend indication moving average if the assessed trend is UP
 SellColor  clrRed Colour applied to the trend indication moving average if the assessed trend is DOWN
 MaxBars  5000 Maximum bars to which the ribbon is applied. Applying the indicator to a large number of bars uses a lot of system resources and will slow the indicator down. It is generally not advised to apply the indicator to more than 10,000 bars. A warning is issued if you do, although you are not prevented from do so if you wish.


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Guner Koca
5 (1)
Thise indicator is up down v6  comes with tradingwiev version. purchased people, after installed on terminal ,contact me on mql5  to get BONUS  TradingView version. up-down indicator is no repaint and works all pairs and lower than weekly time frames charts. it is suitable also 1 m charts for all pairs. and hold long way to signal. dont gives too many signals. when red histogram cross trigger line that is up signal.and price probably will down when blue histogram cross trigger line that is dow
Automatically draw support and resistance levels PLUS propulsion candle gaps on your chart, so you can see where price is likely to head next and/or potentially reverse. This indicator is designed to be used as part of the position trading methodology taught on my website (The Market Structure Trader) and displays key information for targeting and potential entries. MT version available here:  https://www.mql5.com/en/market/product/97973 There are 2 CORE features in the indicator and 4 additiona
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
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ZoneFinder is an indicator panel that presents an interactive, multi-timeframe visualisation of trend direction and strength.  Trend strength and direction is  measured using a modified ADX indicator based on smoothed DI+ and DI- values.  High probability trading zones are identified using Fibonacci retracements. Where such zones are found, they are marked on the chart together with a proposed Fibonacci extension target.
ZoneFinder is an indicator panel that presents an interactive, multi-timeframe visualisation of trend direction and strength.  Trend strength and direction is  measured using a modified ADX indicator based on smoothed DI+ and DI- values.  High probability trading zones are identified using Fibonacci retracements. Where such zones are found, they are marked on the chart together with a proposed Fibonacci targets.
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