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Merlin

The algorithm of the indicator is based on the fact that the price is attracted to the slow moving average
The same applies to a fast moving average that moves around a slow moving average
These moving averages have a special smoothing algorithm.
When the fast Moving average goes up and is below the slow Moving average, we have a potential signal to open a position-Buy entry
When the fast Moving average goes down and is above the slow Moving average, we have a potential signal to open a position-Sell entry
White and blue dots indicate the places of potential exits from the market
If the point is white-this is a recommendation for Buy exit.
If the point is blue-this is a recommendation for Sell exit.


Red   diamonds marked potential Stop Loss

Works on all instruments and charts.

You can work with many tools at the same time.

The indicator does not overwrite its signals


Settings


Bar-size of the array of bars to calculate the indicator
P-period of fast Moving average
M-period of slow Moving average

mode-mode options
If mode = true, potential Stop Loss dots are  visible on the chart
If mode = false,  potential Stop Loss  are not displayed on the chart.

How to set up the indicator?

Run the indicator on the chart
Select from the terminal window: Charts =>Indicators List => Merlin =>Edit
Will appear in the indicator window
Configure settings
After all, create a template: Charts =>Template =>Save Template

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Trend Forecasting
Mohamed Hassan
5 (20)
This indicator is unstoppable when combined with our other indicator called Katana. After purchase, send us a message and you could get Katana for FREE as a BONUS After purchase, send us a private message for your instructions.  MT5 version: click here 3 copies left available at $45. Next price is $95. Don't miss this great deal!  The Trend Forecasting indicator is a very unique & easy tool that is able to make prediction about future price movement based on the signals generated
Up down v6T
Guner Koca
5 (1)
Thise indicator is up down v6  comes with tradingwiev pinescript. purchased people, after installed on terminal ,contact me on mql5  to get BONUS  TradingView pinescript. 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
Elliot Wave Impulse
Mohamed Hassan
5 (1)
‍You can visually backtest Elliot Wave Impulse   to see how it behaved in the past!     Manual guide:   Click here Starting price of  $45  for the first 25 copies ( 4 left)! -- Next price is   $99 .  This indicator is unstoppable when combined with our other indicator called Katana . After purchase, send us a message and you could get  it  for  FREE as a BONUS!  The Elliot Wave Impulse is a pattern  identified in the Elliott Wave Theory, a form of technical analysis used to ana
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Stefan Stoyanov
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Automated medium-term Expert Advisor. It is based on Bollinger Bands . The EA is optimized for EURUSD H1 . The robot should be optimized for use on other instruments. The Expert Advisor does not use hedging, martingale, grid, arbitrage etc. The results obtained in the strategy tester are identical to the results of real trading. Since the results for Control points are close to results of optimization in every tick mode, the EA allows for quick optimization using Control points . Parameters Mo
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The indicator measures volumes on different charts and instruments. Its main advantage is the ability to compare separate brokers. The less Middle Volume and Tick / Second , the more reliable is the broker. There is a comment in the upper left corner Comment data: Tick/Second — number of ticks per second for a selected instrument Middle Volume — average volumes in the penultimate bar This indicator allows tracking a relative market activity for different timeframes. If the volumes are lower than
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Fully automated and safe medium-term multicurrency trading robot based on a strategy consisting of several standard indicators. The LockerStop parameter activates the virtual protective stop logic. If LockerStop is not zero, and the loss of an open positions is greater than LockerStop , the EA opens an opposite protective position. The closure of two positions is based on interval virtual stop logic. It is recommended to use the H1 timeframe and the following currency pairs: EURUSD and GBPUSD. C
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BB St Dev
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BB St Dev BB St Dev is analogous to the Bollinger indicator. Upper and lower parts of the Bollinger channel are calculated by means of iStdDev . iStdDev is a standard indicator of МetaТrader 4. Moving average has a special smoothing algorithm. Settings M - period of Moving average BandsDeviations parameter - channel generation factor. Apart from classic Bollinger Bands, BandsDeviations can possess any value here. Visio parameter If Visio = False , this indicator will coincide with the Bollinger
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Stefan Stoyanov
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This indicator shows the market entry and exit points. It is good for both beginners and professional traders. The product works on any timeframe and financial instrument. The indicator is designed for scalping. It does not redraw. It is based on the divergence between two moving averages, which have a special smoothing algorithm. The first moving average is colored in Magenta . It indicates the general movement of the trend. The second moving average is colored in LawnGreen . It appears on the
This trading system ( Multi scalper EA) uses no indicators. The EA tracks positive and negative tick movements in real time. The program calculates the difference between highest and lowest price deviations and averages the results. If the averaging result exceeds price_slippage , it is replaced with the calculated value. If the tick volatility increases, then the value of price_slippage is also expected to rise. The EA calculates the differences between positive and negative price movements and
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Aravind Kolanupaka
8860
Aravind Kolanupaka 2021.03.01 04:34 
 

El usuario no ha dejado ningún comentario para su valoración

Mr Permsin Borvornsantisuk
248
Mr Permsin Borvornsantisuk 2018.11.09 12:44 
 

Hello, I just bought Merlin's indicator. I also want to ask that does the blue, and white dots repaint? Can the arrow repaint after the candle has been closed? Thank you sir. I will come back to give you review soon.

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Versión 1.1 2018.10.16
Red diamonds marked potential Stop Loss