Market / MetaTrader 5 / Indicators /

Trend Meter MT5

35 USD

Demo downloaded: 158

Published: 19 June 2022

Current version: 1.77

Trend Meter MT5

Indicators
Filip Valkovic
Version: 1.77
Updated: 17 August 2023
Activations: 20

Very powerful indicator! converted from TradingView with upgraded alerts and added notifications. Ideal use in EAs.

Use as a supplementary Indicator to confirm your entries, but it is as good on it's own.
The indicator consists of 3 different Trend Meters and a 2 Trend Bars which are used to confirm trend

How to Use:

The more Trend meters are lit up the better =>>
-more GREEN COLOR at one bar means more confirmation to open buy trade,
- more RED COLOR signals for one bar = more confirmation for sell

This is quite complex indicator but it doesn't have to be complicated, Trend METER is offering lot of different options for analyzes
so choice of best suitable combination depends on your targeted symbol or strategy

INPUT OPTIONS
-there are 3 dot trends and 2 bar trends. Then all of these are combined into 2 main dot trends at the top

First two input parameters show :

WT = Wave Trend Filtered by Trend = shows signal when all 8 different 'moving average' calculations confirms same market trend
(*! WT takes longer time to load or sometimes fails to load at start(adding indicator to chart) => try changing timeframe few times until WT shows output on desired chart)

TM = All 3 Trend Meters Align = shows signal when all 3 'dot trends' show same new aligned trend
------------------------------------------------------------
options for dot trend:
1. MACD cross 12_26_9
2. MACD cross 8_21_5
3. Mom and Dad cross TopDogTrading
4. RSI signal line cross-RSI 13 signal 21
5. RSI 13_50
6. RSI 5_50
7. Trend Candles
8. MA cross
(9. turn off)
------------------------------------------------------------
options for bar trend:
1. MA cross (ma1 & 2 for topbar, ma3 & 4 for bottom bar)
2. MA direction - fast - MA1 and MA2
3. MA direction - slow- MA1 and MA2
4. MA direction - fast - MA3 and MA4
5. MA direction - slow- MA3 and MA4
(6. turn off)

after that there are options for these 4 different MA calculations

Alerts: -are sending clear BUY or SELL signal after selected rules shows colors match
-turn on/off
-notifications on/off = mobile app alerts
Alert Combination: - these settings affect how many rules have to be passed in order to send alert:
-WT = wave trend must be active (this is supporting or main rule)
-TM = all 3 plots must change into same color (this is MAIN SIGNAL and should be the main alert, or the only one active)
-2 bars = bars must have the same color (this is supporting rule = cannot be the only one active)
-----------------------------
*If all 3 rules are active, every indicator output must be the same color in order to generate alerts

Note: it is very resource heavy indicator for metatrader so I wouldn't recommend using on more than 5 charts at the same time.

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AUTOMATIC TRADE COPIER for local * use . (copy trades between several metatrader terminals on the local computer/ *or GLOBALLY after setting your network /server !) Can copy trades from one or several main MT5 accounts to several MT5 and MT4 accounts (no limit). For MT5 to MT4 copy you have to also get version for Metatrader 4 here : https://www.mql5.com/en/market/product/80842 - very fast execution (theoretically up to 5ms delay, depends on computer speed) - user can set speed of co

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TRADING PANEL - CHART OVERLAY with: PARTIAL TAKE PROFIT ("virtual TP") % RISK LOT SIZE TRAILING STOP LOSS Fast and simple control of your trades this is DEM0 VERISON (for DEM0 acc.) of TRADING OVERLAY with PARTIAL take profit ("virtual TP") and % risk lot size --- full version available on my 'seller page' as well as version for MT5 Easy lot size calculation with easy SL/TP setting. Your trading will be much more comfortable with this tool ! Works like any EA, ad

FREE

CUSTOM Currency strength indicator -CHOOSE ANY CURENCIES that you want to calculate strength for, indicator will automatically compare all symbols /pairs from 8 selected currencies based on KU-chart calculations. -8 major currencies are used by default -add indicator to any chart -made for 15min timeframe= last 1 day change calculated, 30min = last 2 days and so on -clear currency distinguish by color and name on chart -if you chose non-standard currency, make sure all of inputted val

FREE

Virtual Assistant MINI VIRTUALL ASSISTANT = MAKE YOUR TP AND SL VIRTUAL! Tool meant to control your stop loss and take profit by converting them to virtual SL/TP (with support for TRAILING) Convert all SL and TP to virtual so your exits on trades are hidden from your broker! Run this EA on any graph, choose 1MIN timeframe (VA is autosaving data only on new bar detected, so graph TF equals to VA autosave period) !!! When using virtual trade exits, stable connection is needed for order execut

FREE

Tool converted from tradingview. A simple indicator that plots difference between 2 moving averages and depicts convergance/divergance in color coded format. Anything <= 0 is red and shows a bearish trend whereas > 0 is green and shows bullish trend. Adjust the input parameters as following for your preferred time frame : 4-Hr: Exponential, 15, 30 Daily: Exponential, 10, 20 Weekly: Exponential, 5, 10

FREE

Simple Stats is utility for history management. Allowing you to clearly see trading performance for each symbol separately , and so it helps you to find the most and the worst profitable type of trades based on past results. History period depends on settings of your terminal, so if you want to get report for each month, you have to use custom period and run SIMPLE STATS for each. SS will distinguish reports with filename - each history report is named with account number and date of the oldest

FREE

AGS Scalper 2 is a powerful and versatile trading robot with very customizable risk/profit Trading strategy : identification of overbought and oversold conditions of the market, and checking for trend reverse Just look at the first screenshot . I’ve made 264% profit per month! First month u sing this EA, I achieved win ratio 100% with maximal DD 18%. It was just from one pair, this EA can run on more pairs, maximizing profit and minimalizing risk . It was just the first version of AGS

79 USD

VIRTUALL ASSISTANT = MAKE YOUR TP AND SL VIRTUAL! Tool meant to control your stop loss and take profit. Main idea of this program is to convert all SL and TP to virtual so your exits on trades are hidden from your broker. Run this EA on any graph, choose 1MIN timeframe (VA is autosaving data only on new bar detected, so graph TF equals to VA autosave period) !!! When using virtual trade exits, stable connection is needed for order execution! Best works with VPS! Developed with ECN accounts.

30 USD

AUTOMATIC TRADE COPIER for local * use . (copy trades between several metatrader terminals on the local computer/ *or GLOBALLY after setting your network /server !) Can copy trades from one or several main MT4 accounts to several MT4 and MT5 accounts (no limit). For MT4 to MT5 copy you have to also get version for Metatrader 5 here: https://www.mql5.com/en/market/product/80843 - very fast execution (theoretically up to 5ms delay, depends on computer speed) - user can set speed of copying

30 USD

HEIKEN PLUS is the only indicator you really need to be a successful trader , without in depth knowledge of the forex trading or any tools. Also there is automatically trading MT5 EA available now: https://www.mql5.com/en/market/product/89517? with superb SL/TP management! and sky high profit targets ! MT5 ONLY ! For Metatrader5 version visit: https://www.mql5.com/en/market/product/83761?source=Site Very suitable tool for new traders or advanced traders too. HEIKEN+ is a co

30 USD

RISK CALCULATOR - TRADING PANEL - CHART OVERLAY with: PARTIAL TAKE PROFIT ("virtual TP") % RISK LOT SIZE TRAILING STOP LOSS Fast and simple control of your trades Easy lot size calculation with easy SL/TP setting. Your trading will be much more comfortable with this tool! Works like any EA, add it to selected chart and trade ! Features: start trade with calculated lot based on % of account balance * that you want to risk/ or based on how much money you want to risk

35 USD

Chart Notes = MULTI LINE TEXT INPUT ON CHART FOR MT4 is finally here! # sticky notes This indicator is a powerful text editor for placing notes on chart, similarly like the feature on Tradingview. There are 2 types of messages: anchored (on screen ) and free (on chart). 1. Anchored = stays on the same place on screen (x point, y point) -this text can be EDITED on click (first line is for dragging the message around- this line is edited via right clicking- >properties) -move the mess

35 USD

Smart Manager Dashboard - with auto virtual TP and auto virtual SL for all trades. -this EA is a powerful trade manager that can manage all symbols and all trades at once , all from one chart so it is a must have tool for every trader who keeps more trades at once. -it mainly does 2 things : INFO ABOUT TRADES and CLOSING TRADES (grouped by their symbol, so with this tool it is very easy and fast to manage even hundreds of trades ) -add to any chart, any timeframe and you are all set -this

60 USD

Classic Fractals indicator for MT4, with additional Trendlines connecting the latest couples of fractals ( fractals are showing highest high, and lowest low on each period) Rules for trendlines: -if new top fractal is below the last one = new resistance line -if new bot fractal is above the last one = new support line -Trendlines can be hidden -Fractals can be hidden Fractal Period = can be both even or uneven number, as it is setting for half (one side) of the bars sequence

30 USD

finally coming to MT5 too: AGS Scalper 2 is a powerful and versatile trading robot with very customizable risk/gain ratio Trading strategy : identification of overbought and oversold conditions of the market, and checking for trend reverse Just look at the first screenshot . I’ve made 264% profit per month! First month u sing this EA, I achieved win ratio 100% with maximal DD 18%. It was just from one pair, this EA can run on more pairs, maximizing profit and minimalizing risk . It

79 USD

EXPER ADIVSOR that gets economic news calendar from forexfacotry.com and calculates time until next news happen or since last news happened. It shows exactly same output as ffcal for MT4 by Derk Wehler, original version may be available at forexfacotry This version is clean, done WITHOUT ANY DLL IMPORTS !!! Additionally it creates excel file with latest news in your datafolder-> ".../MQL5/Files" , (* so this data can be used if you want to use news in EA , just load data from this file

40 USD

I automated trading strategy based on my HEIKEN+ Indicator which is included in this EA, and it worked out very well ! "HEIKEN PLUS is the only indicator you really need to be a successful trader , without in depth knowledge of the forex trading or any tools." Very suitable tool for new traders or advanced traders too. Check my seller page to see info about the indicator. HEIKEN+ is a combination of 2 indicators : normal Heiken Ashi and Heiken Ashi smoothed. It sends signal when thes

119 USD

The Quantitative Qualitative Estimation (QQE) indicator is derived from Wilder’s famous Relative Strength Index (RSI). In essence, the QQE is a heavily smoothed RSI. Modification of this version: ( converted from tradingview script by Mihkell00, original from Glaz) So there are Two QQEs. One that is shown on the chart as columns, and the other "hidden" in the background which also has a 50 MA bollinger band acting as a zero line. When both of them agree - you get a blue or a red bar.

30 USD

RISK CALCULATOR - TRADING OVERLAY with PARTIAL take profit ("virtual TP") and % risk lot size ---there is also test version available to full try all features visit my 'seller page' to see other versions (mt4/mt5/mt4test/mt5test) (this test version can be added to chart for DEM0 acc. so its much better to try than to just download "regular DEM0 ) Take better control of your trades with ease ! Easy lot size calculation with easy SL/TP setting. Your trading will be much more comfortab

35 USD

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Version 1.77 2023.08.17

-ADDED ALERTS and notifications with options to set up exact conditions when to trigger BUY or SELL signal
-input parameters are more readable with group sections
-bugfix for bar input

Version 1.55 2022.10.12

-small fix of parameter names and new price