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Naked Forex Big Shadow for MT5

Big Shadow Indicator is a pattern recognition indicator for Forex and Binary Options.

The Big Shadow is an enhanced pattern of the popular engulfing candle.

The Big Shadow pattern is very effective and is very simple to trade.

The strategy that comes with the Big Shadow is purely based on price action.

Inputs of the indicator are:

  • Distance: distance in pixel relative to top or bottom of candle to display the arrow symbol
  • UseAlerts (true/false): to enable alerts
  • PopAlerts (true/false): to enable alerts of type Popup window
  • EmailAlerts (true/false): to enable alerts of type Email
  • PushAlers (true/false): to enable alerts of type Push Notification
  • SoundAlerts (true/false): to enable alerts of type Sound
  • SoundFile: file to be used for sound alerts
  • TestSound (true/false) : plays selected sound at init time to check that sound is working fine

Trading rules:

  • For BUY: wait for a bullish Big Shadow to print on a support zone after a down trend. Wait for price to break high of the Big Shadow candle (5 pips above the high for H1 and higher time frames). Immediately enter in the trade once high is broken. You also can use a BUY STOP order placed 5 pips above the high of the candle (plus spread). Stop Loss should be placed below the low of the Big Shadow candle. If order is not triggered in the next candle then trade is invalidated and should be canceled.

  • For SELL: wait for a bearish Big Shadow to print on resistance zone after an up trend. Wait for price to break the low of the Big Shadow candle (5 pips below the low for H1 and higher time frames). Immediately enter in the trade once low is broken. You also can use a SELL STOP order place 5 pips below the low of the candle. Stop Loss should be placed above the high of the Big Shadow candle. If order is not triggered in the next candle then trade is invalidated and should be canceled.

To draw the support and resistance levels to trade with the Big Shadow, you can use the Fx Levels indicator : https://www.mql5.com/en/market/product/23089

We also offer the Naked Forex Kangaroo Tail indicator that might interest you: https://www.mql5.com/en/market/product/23073

The Big Shadow indicator can be used with any time frame.

The Big Shadow indicator can be used with any class of asset: Forex, Binary Options, Futures, Commodities, Stocks.

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Este indicador detecta reversiones de precios en forma de zig-zag, utilizando solo análisis de acción de precios y un canal donchian. Ha sido diseñado específicamente para el comercio a corto plazo, sin repintar ni pintar en absoluto. Es una herramienta fantástica para comerciantes astutos con el objetivo de aumentar el tiempo de sus operaciones. [ Guía de instalación | Guía de actualización | Solución de problemas | FAQ | Todos los productos ] Increíblemente fácil de comerciar Proporciona
299 USD
Analyst 2015
Sergey Novokhatskiy
Method of trading and technical analysis using an analyst indicator In any market, whether it is stocks, minerals (metals, raw materials) or currency pairs, we see a trade window with quotes (price) and trading time. The most important thing for us is to learn to analyze the market and find the entry points, observing all the trading rules, as well as to calculate trade exit points (profit) using only these data: price and time . The Analyst indicator includes only the price and time data. Doing
500 USD
New Trade MT5
Pawel Lozinski
This is a simple, easy to use and effective indicator. The strategy is suitable for everyone, even for beginners. The input parameters are optimized for H1. The vertical line marks the place of the buy or sell signal. Information on the Chart BUY / SELL – input to Buy/Sell TAKE PROFIT 1 – basic earnings TAKE PROFIT 2 – average profit TAKE PROFIT 3 – big profit STOP LOSS – setting stop loss level SteelBlue line and text – resistance line Red line and text – support line
173 USD
Otros productos de este autor
HighLow Arrow Indi Free Version
Renaud Candel
HighLow Arrow is a simple indicator to be used to signal major lows and major highs in your chart. This indicator is not intended to be used to trade. It is just a visual help to have clean chart and see price action. The HighLow Arrow is used by traders using the Micro Trend System ( https://www.mql5.com/en/market/product/20589 ). In this case the HighLow Arrow indicator signals that a new high or a new low is forming and that traders can prepare for seeking new signals with the Micro Trend Sys
139 USD
Round Numbers Indicator
Renaud Candel
Round Numbers indicator is a simple but useful indicator to draw 00 and 50 price levels in your chart. These levels act as supports and resistance and therefore have to be taken into account when trading. These levels can be used as profit target for instance. Inputs of the indicator are: GridColor00: color to be used for xx00 levels GridStyle00: line style to be used for xx00 levels GridWidth00: line width to be used for xx00 levels GridColor50: color to be used for xx50 levels GridStyle50: lin
FREE
Dashboard Display indicator
Renaud Candel
Con el indicador de Display se puede hacer un panel de control lindo, personalizado y profesional en unos minutos. Usted puede crear su panel y seguir de una vez cada actualización de los indicadores en el mercado.  Usted puede dibujar cualquier simbolo de su plataforma.  Se puede tambiém usar simbolos especificos tal como :  DXY indicador (USD Index) VIX indicador (Indicador oficial del Chicago Board Option Exchange, se necesita tener el EA DisplayVIX para que funcione)   Estos 2 ultimos indica
97 USD
Daily Pivots Multi
Renaud Candel
Daily Pivots Multi es un indicador exclusivo para dibujar niveles de pivotes y mas. La mayoria de los indicadores de pivotes solo dibujan los niveles del dia. Con Daily Pivots Multi se puede dibujar los niveles de cualquier dia. El indicador puede hacer los calculos para cualquier cantidad de dias que usted decida. Eso es muy utile para estudiar estrategias con pivotes y analizar la estrategia durante varios dias. Otro problema que tenien la mayoria de los indicadores de pivotes es que cada brok
117 USD
BinaryG Market Analyzer
Renaud Candel
  BinaryG  es un indicador exclusivo para tradear Opciones Binarias y Forex con su plataforma de trading Metatrader. BinaryG es capaz analizar las fuerzas en el mercado and predecir cambio de acción de precio antes de que empezca.  La mayoria de los indicadores dan información con atraso y no sirven. BinaryG da información en adelante.  El indicador dibuja flechas en su grafica enseñando al usuario la probable dirección del mercado en la proximas velas (ver captura de pantalla adjunta). Flechas
147 USD
BinaryMagic Reversal
Renaud Candel
BinaryMagic Reversal es un indicador exclusivo para ubicar situaciones en el mercado donde el precio se movió demasiado y donde hay probabilidad alta que el mercado vaya ahora en la dirección opuesta.   El indicador dibuja flechas naranjas en su grafica indicando la probable direccion del acción de precio en las proximas velas (por favor mirar captura de pantalla adjunta).  Los usuarios pueden configurar alertas para cuando salgan nuevas flechas en la grafica.   Este indicador no repinta. Despué
147 USD
Market Speed Alerter
Renaud Candel
  Market Momentum Alerter da información sobre momentos que es peligroso operar en el mercado. Usted puede pensar que ha visto una oportunidad de inversión que parece muy buena y usted entonces toma la decisión entrar en la inversión.. Y por fin usted pierde la inversión sin entender lo que pasó.  Eso pasa cada a veces cuando instituciones importantes (bancos y otros fondosde inversiones) entran en el mercado. Estas operaciones no se ven para la mayoria de la gente. Ahora con el Market Momentum
97 USD
Dashboard DisplayVIX EA
Renaud Candel
DisplayVIX es parte de la solución Dashboard Display para Metatrader.  Con Dashboard Display se puede hacer un panel de control lindo, personalizado y profesional en unos minutos. Usted puede crear su panel y seguir de una vez cada actualización de los indicadores en el mercado.  DisplayVIX hace posible dibujar el indicator VIX dentro del panel de control personalizado.  El VIX es un indicador que da información sobre la volatilidad y estabilidad del mercado. Es un indicador muy importante que u
97 USD
Normalized Volume
Renaud Candel
99% de los indicators se basan en analisis del precio. Este indicator se basa en el volumen. Volumen es una información que la mayoria de los sistemas de trading no usan. Es un error grand porque volumen dan informaciones muy impotantes sobre lo que esta pasando en el mercado. Normalized Volume es un indicator que permite identificar punto de reversas. Usted podria mejorar mucho su sistema de trading usando analisis de volumen. Es lo que la mayoria de los profesionales hacen. Las entradas del in
97 USD
Volume Price Confirmation Indicator VPCI
Renaud Candel
  VPCI signfica Volume Price Confirmation Indicator (Volumen Price confirmación). El creador de este indicador fue Buff Dormeiers quien quizo codificar Price Volumen confirmación en un indicador. VPCI recibio el premio de Dow en 2007. Se pùede construir sistema de trading rentable con VPCI tal como lo hizo John Bollinger.  Este indicador esta ahora disponible con la plataforma Metatrader.  Las entradas del indicador son :  MA_ShortPeriod : periodo corto para calculaciones de media del indicador
97 USD
Fisher Kuskus
Renaud Candel
Fisher Kuskus es un indicator para usar tecnicas de scalping en time frames de corto plazo like M1. El indicador Fisher Kuskus esta ahora disponible para plataformas de Metatrader. Las entradas del indicador son las siguientes :  Period : periodo a usar `para hacer las calculaciones del indicador PriceSmoothing : cifra de 0.0 to 0.99 IndexSmoothing : cifra de 0.0 to 0.99 El indicator se puede usar con cualquier par de Forex. También se puede usar el indicador con la Bolsa, Materias Primas y Futu
97 USD
Color Volume Indicator
Renaud Candel
Color Volume is a user friendly indicator to analyze volume of market assets. Volume is rarely used by traders who are more focused on price action. This is a big mistake since volume gives valuable information about market participants. Volume is very useful to spot reversal zones and is used by all professional traders. Take advantage of volume analysis to get an edge in the market. Inputs of the indicator are the following: MA_Period: period to be used to calculate mean volume MaxVol: level o
149 USD
Matrix Indicator
Renaud Candel
Matrix Indicator is a simple but effective indicator. Matrix indicator displays usual oscillators indicators in a user friendly color code indicator. This makes it easy to identify when all indicators are aligned and spot high probability entries. Inputs of indicator are: Indicator: RSI, Stochastic, CCI, Bollinger Bands Param1/Param2/Param3: usual settings for the indicator ValueMin: Oversold level for oscillator ValueMax: Overbought level for oscillator The indicator can be used with any class
149 USD
Keltner Channel Indicator
Renaud Candel
Keltner Channel is an oscillator like Bollinger Bands. Keltner Channel displays a channel where price is supposed to stay unless we are in overbought or oversold situations. Various strategies use Keltner Channel indicator successfully to spot overbought / oversold situations and look for reversals. Keltner Channel indicator uses ATR to determine overbought and oversold situations. Inputs of the indicator are the followings: Keltner Period: period to be used for the moving average calculation Mo
67 USD
Trend Direction ADX
Renaud Candel
Trend Direction ADX is part of a serie of indicators used to characterize market conditions. Almost any strategy only work under certain market conditions. Therefore it is important to be able to characterize market conditions at any time : trend direction, trend strength, volatility, etc.. Trend Direction ADX is an indicator to be used to characterize trend direction : trending up trending down ranging Trend Direction ADX is based on ADX standard indicator. Trend Direction ADX displays easy to
67 USD
Volatility Strength
Renaud Candel
Volatility Strength Indicator is part of a series of indicators used to characterize market conditions. Almost any strategy only work under certain market conditions. Therefore it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc.. Volatility Strength is an indicator to be used to characterize volatility of asset: high volatility medium volatility low volatility Volatility Strength Indicator displays easy to read information a
67 USD
Binary Reversal Seeker
Renaud Candel
Binary Reversal is an exclusive indicator looking for reversals in the market. The indicator is accurate and produces effective entries both for binary options and Forex trading. The indicator displays arrows in your chart (please see screenshots attached) showing the probable reversal of price action (usually, blue arrows). Binary Reversal never repaints. Once a candle is closed, a signal is confirmed and the arrow never disappears. Users of the indicator can setup alerts when new arrows are di
149 USD
Trend Strength M Indicator
Renaud Candel
Trend Strength M is a part of a series of indicators used to characterize market conditions. Almost any strategy only works under certain market conditions. Therefore, it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc. Trend Strength M is an indicator to be used to characterize trend strength: Up extremely strong Up very strong Up strong No trend Down strong Down very strong Down extremely strong Trend Strength M is based o
67 USD
OBOS Indicator
Renaud Candel
OBOS Indicator is an exclusive indicator to spot entries based on price action. The OBOS Indicator is both effective and user friendly. Indicator uses simple color codes and levels to indicate Overbought and Oversold conditions. No more headache. The OBOS Indicator will only gives you indication when there are possible entries. Means you only get useful information. To use the indicator, please follow the rules: wait for the indicator to give you an overbought or oversold signal (usually blue an
149 USD
Heiken Color Indicator
Renaud Candel
Heiken Color is a simple indicator showing Heiken Ashi candles color, not in your chart but rather in a separate window. The indicator is useful if you want to use Heiken Ashi indicator without changing your chart display. Heiken Ashi can be used to filter signals or spot better entry after another indicator gave you a signal. Heiken Color indicator has no inputs. Heiken Color indicator can be used with any class of assets: Forex, Equities, Commodities, Futures. Heiken Color indicator can be use
67 USD
Money Manager Indicator
Renaud Candel
Money Manager is an exclusive panel to process all calculations related to position sizing and risk management. Position sizing is one of the most important aspect in trading. It is often neglected by traders and this is a big mistake. Traders often look for strategies with high win rates whereas in fact one can earn very good money in the market with only 40% to 50% winning rate. How is that possible to earn money with such a low winning rate ? The answer is position sizing and risk management.
149 USD
Money Manager EA
Renaud Candel
Money Manager is an exclusive panel to process all calculations related to position sizing and risk management. Position sizing is one of the most important aspect in trading. It is often neglected by traders and this is a big mistake. Traders often look for strategies with high win rates whereas in fact one can earn very good money in the market with only 40% to 50% winning rate. How is that possible to earn money with such a low winning rate? The answer is position sizing and risk management.
165 USD
Bar Strength Indicator
Renaud Candel
BarStrength Indicator is an exclusive indicator to trade Forex, Stocks, Indices, Futures, Commodities and Cryptos. BarStrength Indicator shows the strength of each candle. The indicator shows in a separate windows candles relatively to 2 price levels representing resistance and support in the market. Once candle is near resistance it is highly probable that price movement will change direction and will go down in the next candles. Once candle is near support it is highly probable that price move
137 USD
Trend Direction UD Indicator
Renaud Candel
Trend Direction UD is part of a series of indicators used to characterize market conditions. Almost any strategy only works under certain market conditions. Therefore it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc.. Trend Direction UD is an indicator to be used to characterize trend direction: trending up trending down ranging Trend Direction UD is based on technical analysis. Trend Direction UD displays easy to read inf
97 USD
Micro Trend System
Renaud Candel
Micro Trend System is an exclusive indicator that combine 4 trend indicators and that come with a complete set of rules to trade Binary Options. The Micro Trend System can also be used to scalp forex. Most trading systems look for tops and bottoms to enter trades but this is very tricky to trade this way. The Micro Trend System looks for a micro trend and for continuation of this trend on the short term which is much easier and safer to trade. To have reliable indication of the trend we combined
97 USD
Micro Trend Arrow
Renaud Candel
Micro Trend Arrow is an exclusive indicator that combine more than 4 trend indicators and that come with a set of rules to trade Binary Options. Micro Trend Arrow is based on Micro Trend System ( https://www.mql5.com/en/market/product/20589 ) with further signal filters and use of arrows that display in the chart to show signals. Most trading systems look for tops and bottoms to enter trades but this is very tricky to trade this way. The Micro Trend Arrow looks for a micro trend and for continua
147 USD
Easy Fibo Indicator
Renaud Candel
EasyFibo is an exclusive indicator to use fibo levels in a very simple way. Fibonacci levels is a very important tool in trading, used by technical as well as fundamental traders. Unfortunately usual fibo indicators are difficult to use. Now with EasyFibo it is easy to use fibo levels to trade. The indicator uses color codes to identify the extensions levels that match with the pullbacks levels. Once you identify a pullback in a trend you can easily set your profit target using the EasyFibo indi
67 USD
FX Sniper Yellow
Renaud Candel
FX Sniper Yellow is an exclusive leading indicator to trade Forex with your Metatrader trading platform. FX Sniper Yelow is able to analyze market participants behavior and to predict changes in the price direction even before movement starts. Most indicators are lagging indicators and are useless. FX Sniper Yellow is a unique leading indicator . The indicator displays arrows in your chart (please see screenshot attached) showing the probable direction of price action. FX Sniper Yellow never rep
197 USD
FX Sniper Magenta
Renaud Candel
FX Sniper Magenta is an exclusive leading indicator to trade Forex with your Metatrader trading platform. FX Sniper Magenta is able to analyze market participants behavior and to predict changes in the price direction even before movement starts. Most indicators are lagging indicators and are useless. FX Sniper Magenta is a unique leading indicator . The indicator displays arrows in your chart (please see screenshot attached) showing the probable direction of price action. FX Sniper Magenta neve
197 USD
Inside Bar Indicator
Renaud Candel
Inside Bar is a very popular candlestick pattern. Inside Bar indicator can be used to trade Forex, Binary Options or any class of assets. The present indicator will detect inside bar candles in the chart and will generate alerts. Inputs of the indicator are Symbol: type of char symbol to be displayed in the chart to show Inside Bar patterns CustomCode: char code to be used as custom char symbol (works only with Symbol=_Custom) Position: position of symbol relative to the candle (above or below
93 USD
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Versión 1.30 2020.10.04
New compilation