Royal Wave Pro M5

3.5

Royal Wave is a Trend-Power oscillator which has been programmed to locate and signal low-risk entry and exit zones. Its core algorithm statistically analyzes the market and generates trading signals for overbought, oversold and low volatile areas. By using a well-designed alerting system, this indicator makes it easier to make proper decisions regarding where to enter and where to exit trades.

Features

  • Trend-Power Algorithm
  • Low risk Entry Zones and Exit Zones
  • Predictions for Overbought and Oversold areas
  • Sound Alerts, Push Notifications,Zone Flasher, ...
  • Multi-Timeframe and Multi-Currency Analysis
  • Signal Matrix
  • Cross Window
  • No Repainting

  • Please don't hesitate to contact me directly if you have any question or difficulty related to this product. You will get instant responses to your questions sent through MQL5 messenger.
  • Watch the tutorial video at the end of this description.
  • Don't forget to subscribe to my YouTube Channel.

Entry Zones

Once the oscillator value is about zero it means there’s going to be a big movement in the price in the near future because traders from almost all timeframes are agree on the current price and have united to move the price by a big step in one direction. Therefore, Royal Wave tries to predict low-risk entry zones where price wants to move only in one direction until the oscillator reaches the exit zone. Entry zones are always going to be the close enough start of a big movement in the price.


Exit Zones

Once the oscillator is in the exit zone close to 100, it’s predicting an overbought when the color is yellow or an oversold when the color is blue. This zone can be used to exit a trade or update a stop loss level because of the high probability of reversals in these areas.

Exit Zone points are potential candidates to be reversal points in a trend. By using the Royal Wave Signal Matrix, some of these areas can be identified as low-risk areas to enter a reversal trade.


Trend and Power

The value of the oscillator represents the current power of the trend which oscillates between 0 and 100. When the power is rising, a yellow color indicates a strong uptrend and a blue color indicates a strong downtrend. A decreasing power shows consolidation which means there is no trend in the price and the trader should wait for the entry zone.


Signal Matrix

Gives an informative view of several symbols for all timeframes in one matrix. Each cell of this matrix is a brief representation of a symbol's price behavior from a single timeframe. Please watch the tutorial video for more details.


Cross Window

See and compare data from an arbitrary symbol and timeframe within a chart with a different symbol and timeframe. This tool can be used to develop multi-symbol and multi-timeframe strategies. Please watch the tutorial video for more details.


Test Recommendations

  • Use different values for Alpha and Beta. Test both 0.1 and 0.2 values for Alpha on different timeframes.
  • Alerting functions, Signal Matrix and Cross Window might not work in the test process properly. it's the MetaTrader restrictions for playing sounds and drawing objects in the strategy tester.


Input Parameters

Input Name [Range] Description
Symbol, Timeframe Use this input to set different Symbols or Timeframes for the indicator. For example, on a EURUSD chart you can write USDJPY, H1 for the input. By adding a minus sign before the name of the symbol (-USDJPY, H1), Royal Wave will use the inverse of USDJPY which is JPYUSD. Symbol inversion makes it possible to have the same base or quote currency for the chart and the indicator.
Sensitivity [0.0, 1.0] This input makes the oscillator sensitive to local price movements. The closer to 1, the more it gets sensitive.
Alpha and Beta inputs [0.0, 1.0] To catch longer trends and for noise canceling increase these inputs. For getting the overall trend add a second Royal Wave with a higher timeframe or with higher values of Alpha and Beta.
Smooth Period Makes the signal smoother. Enter 0 if smoothing is not required.
Zone Flasher When using Royal Wave on multiple displays/charts, by color-flashing on entry and exit zones it draws your attention to the chart which potentially requires some trading action.


Reviews 5
ThomasSander
94
ThomasSander 2022.11.17 20:54 
 

Incredible signals in combination with Royal Scalping Indicator. Good work!

ROLF WILLY ORTMANN
929
ROLF WILLY ORTMANN 2022.02.01 07:55 
 

This Indicator works absolutely perfect.Very good work

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MetaForecast predicts and visualizes the future of any market based on the harmonics in price data. While the market is not always predictable, if there is a pattern in the price, MetaForecast can predict the future as accurately as possible. Compared to other similar products, Metaforecast can generate more accurate results by analyzing market trends. Input Parameters Past size Specifies the number of bars that MetaForecast uses to create a model for generating future predictions. The model is
MetaForecast M5
Vahidreza Heidar Gholami
5 (3)
MetaForecast predicts and visualizes the future of any market using different powerful methods. While financial markets are not always predictable, if there are patterns in the past data, MetaForecast can learn and predict the future as accurately as possible. It features a complete implementation of neural networks embedded directly into the indicator, enabling traders to create and train AI models using data from multiple symbols to learn complex patterns. MetaForecast leverages your computer'
MetaBands M4
Vahidreza Heidar Gholami
3.5 (6)
MetaBands uses powerful and unique algorithms to draw channels and detect trends so that it can provide traders with potential points for entering and exiting trades. It’s a channel indicator plus a powerful trend indicator. It includes different types of channels which can be merged to create new channels simply by using the input parameters. MetaBands uses all types of alerts to notify users about market events. Features Supports most of the channel algorithms Powerful trend detection algorith
MetaBands M5
Vahidreza Heidar Gholami
4.5 (2)
MetaBands uses powerful and unique algorithms to draw channels and detect trends so that it can provide traders with potential points for entering and exiting trades. It’s a channel indicator plus a powerful trend indicator. It includes different types of channels which can be merged to create new channels simply by using the input parameters. MetaBands uses all types of alerts to notify users about market events. Features Supports most of the channel algorithms Powerful trend detection algorith
Smart Channel M4
Vahidreza Heidar Gholami
The trend in the market can be predicted using trend lines but the problem is you don’t know where exactly the price is going to touch the trend line where you can put your pending orders on. Smart Channel Expert Advisor makes it possible to put an advanced channel around the price data, which can be configured to handle placing orders, opening and closing positions, managing risk per trade, spread, slippage, and trailing stop-loss and take-profit automatically. Features Money Management (Calcul
Royal Scalping Indicator M4
Vahidreza Heidar Gholami
4.17 (6)
Royal Scalping Indicator is an advanced price adaptive indicator designed to generate high-quality trading signals. Built-in multi-timeframe and multi-currency capabilities make it even more powerful to have configurations based on different symbols and timeframes. This indicator is perfect for scalp trades as well as swing trades. Royal Scalping is not just an indicator, but a trading strategy itself. Features Price Adaptive Trend Detector Algorithm Multi-Timeframe and Multi-Currency Trend Low
Royal Wave Pro M4
Vahidreza Heidar Gholami
5 (3)
Royal Wave is a Trend-Power oscillator which has been programmed to locate and signal low-risk entry and exit zones. Its core algorithm statistically analyzes the market and generates trading signals for overbought, oversold and low volatile areas. By using a well-designed alerting system, this indicator makes it easier to make proper decisions regarding where to enter and where to exit trades. Features Trend-Power Algorithm Low risk Entry Zones and Exit Zones Predictions for Overbought and Over
MetaTrend M4
Vahidreza Heidar Gholami
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 Adapti
Royal Scalping Indicator M5
Vahidreza Heidar Gholami
5 (6)
Royal Scalping Indicator is an advanced price adaptive indicator designed to generate high-quality trading signals. Built-in multi-timeframe and multi-currency capabilities make it even more powerful to have configurations based on different symbols and timeframes. This indicator is perfect for scalp trades as well as swing trades. Royal Scalping is not just an indicator, but a trading strategy itself. Features Price Adaptive Trend Detector Algorithm Multi-Timeframe and Multi-Currency Trend Low
MetaTrend M5
Vahidreza Heidar Gholami
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 Adapti
Smart Channel M5
Vahidreza Heidar Gholami
5 (1)
The trend in the market can be predicted using trend lines but the problem is you don’t know where exactly the price is going to touch the trend line where you can put your pending orders on. Smart Channel Expert Advisor makes it possible to put an advanced channel around the price data, which can be configured to handle placing orders, opening and closing positions, managing risk per trade, spread, slippage, and trailing stop-loss and take-profit automatically. Features Money Management (Calcul
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mohamad.H Valipour
295
mohamad.H Valipour 2023.12.11 17:11 
 

User didn't leave any comment to the rating

Vahidreza Heidar Gholami
4724
Reply from developer Vahidreza Heidar Gholami 2023.12.11 17:22
Appreciate you taking the time to share your experience – thank you!
Piyu3193
234
Piyu3193 2023.06.30 17:54 
 

I have purchased Royal Scalping And Royal Wave Pro MT5 indicators...I have beginner so please help me for setting...

bob thomson
585
bob thomson 2023.05.31 23:36 
 

just dont spend your money on that. It simply uses the RSI and MA . For that you pay 120 dollars. LOL.

Vahidreza Heidar Gholami
4724
Reply from developer Vahidreza Heidar Gholami 2023.09.27 06:31
If you put an RSI and an MA on your chart, and for some settings in some interval of time you find signals close to the Royal Wave signal, It doesn't mean it's using RSI and an MA. Do an MA and an RSI join together to alert you to overbought and oversold points? Can you analyze your chart using multiple symbols?
ThomasSander
94
ThomasSander 2022.11.17 20:54 
 

Incredible signals in combination with Royal Scalping Indicator. Good work!

ROLF WILLY ORTMANN
929
ROLF WILLY ORTMANN 2022.02.01 07:55 
 

This Indicator works absolutely perfect.Very good work

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