MetaBands M5
129 USD
Demo downloaded:
1 074
Published:
3 June 2022
Current version:
1.9
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great program You have to be a genius to write this indicator. like a magic wand .trend direction makes it look amazing
great program You have to be a genius to write this indicator. like a magic wand .trend direction makes it look amazing
Thank you
Hi Vahidreza, nice to meet you. I bought the indicator and would like to know if there is any manual or guidance on what are the best values in the parameterization for smaller and larger timeframes.
Hi Vahidreza, nice to meet you. I bought the indicator and would like to know if there is any manual or guidance on what are the best values in the parameterization for smaller and larger timeframes.
Thank you for choosing my products.
Technically, there's no difference between small and large timeframes. They're just different representations of the same data based on time. So, for someone, M15 is a small timeframe, and maybe for another person's strategy, it's a large timeframe.
Currently, I don't have any other manuals or guidance other than the product description and the video tutorial, where almost everything has been explained.
MetaBands offers you many options (even more in the future) to create various types of channels. That's why it may seem complicated, but it's actually not. If you develop a strategy first and adjust MetaBands accordingly, it becomes easier to understand.
To detect trends, you can use the ATR channel with your desired period, degree, and alpha. After receiving a signal, you can use lower timeframes to get an entry signal. For your lower timeframes, you can use other types of channels with a relatively small period to generate signals.
If you watch the video, everything has been explained in detail. Spend some time with the indicator and try different settings to gain a clear understanding of the different types of settings.
Please note that financial markets are dynamic and not always predictable, which is why there's no general set of best settings that work for every pair of symbols and timeframes. I don't have such settings to share with you. Therefore, I recommend you to be dynamic as well and fine-tune the indicator to work best with the current market structure.
Thank you.
Hello. Thank you for this wonderful indicator. I have been building my strategies based on it for almost a year now. A very convenient function would be to alert about the intersection of the trend line with the upper, central and lower lines (examples of intersection points are shown in my screenshot). Therefore, if in the future you will have the opportunity to add these alerts to the indicator, then I will be very happy.
Hello Verjayant,
I appreciate your choice in selecting my products and your kind feedback. I want to assure you that I am committed to enhancing your experience. As such, I will be adding more alerting options in the upcoming version.
Thank you once again for your support!
Hi, Do you have this for Trading View?
how to download this to a Mac