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Setup da Onda

Buy and sell signals based on the Wave Setup strategy for entering a trade on the pullback after a reversal.

How does the indicator work?
The indicator activates the buy and sell signal when their respective conditions are met. 
For an uptrend, we need a reversal up on the EMA9 followed by prices above the ascending SMA21 making a pullback and a touch on it. 
For a downtrend, we need a reversal down on the EMA9 followed by prices below the descending SMA21 making a pullback and a touch on it.

How to use it?
Enter the trade with a buy stop order one tick above the high of the candle with the buy signal, placing the stop loss order one tick below the candle's low. When there's a sell signal instead, place a sell stop order one tick below the low of the candle with the sell signal, and a stop loss one tick above the candle's high.
If the entry stop order is not filled on the next candle but the 21 period SMA maintained its direction, the signal is still valid and the indicator will confirm it. One should then reposition the entry stop order one tick above the new high for buying and one tick below the new low for selling.
If the 21 period SMA turns, the entry signal is cancelled.
If filled, the suggested target is the entry bar's amplitude projected up for the buying trade and projected down for the selling trade.

- The ideal pullback is made by same color strong bars.
- It is best if there is no pullback inside the pullback, a fast and directional movement.
- The signal is great when the bar that touches the SMA is a reversal one (hammer/shooting star) or immediatelly followed by a reversal pattern (engulfing pattern/dark cloud cover/piercing pattern).

Notice: the signal is shown during the candle's formation to prepare you for an operation. But consider it valid only after the candle has closed.

Features you can edit to your preference:
- Periods of the fast moving average
- Type of the fast moving average
- Type of price for the fast moving average
- Periods of the slow moving average
- Type of the slow moving average
- Type of price for the slow moving average
- Type of the Buy and Sell signal arrows, based on the Wingdings font
- Distance between the arrow signals and the candle's high/low
- Color and size of the Buy and Sell signal arrows
- Color, thickness and style of the fast moving average
- Color, thickness and style of the slow moving average

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⭐️   ⭐️   ⭐️   ⭐️   ⭐️        TREND LINE MAP ⭐️⭐️⭐️   ⭐️⭐️ Trend Line Map indicator is an addons for Trend Screener. Important Note : 1.  Active Signals Performance via  TREND LINE MAP INDICATOR ( Daily Update )    ► Click Here 2. Trend Line Map is a Trend Line Scanner based on Trend Screener Indicator. Please make sure that you get  Trend Screener Pro  before getting Trend Line Map indicator. 3.  If you don't have  Trend Screener Pro  Indicator, the  Trend Line Map Pro  it will
49 USD
Follow The Line PRO MT5
Oliver Gideon Amofa Appiah
Follow The Line PRO   FOLLOW THE LINE (PRO VERSION) This powerful indicator is the full and complete version of my free indicator called "Follow The Line". IT IS BASED ON the popular maxim that: "THE TREND IS YOUR FRIEND" It gives alarms and alerts of all kinds. IT DOES NOT REPAINT and can be used for all currency pairs and timeframes. AVOID FALSE SIGNALS: BUY ONLY when price closes above the green line and the green line is above the blue channel. SELL ONLY when price closes below the pink
30 USD
BlueDigitsFx Spike And Strike Reversal MT5
Ziggy Janssen
* Breakthrough Solution For  Reversal  Trading And Filtering With All Important Features Built Inside One Tool! Message Me Immediately After Purchase For Installation Help and V.I.P Access With Additional Strategies BlueDigitsFx Spike And Strike Reversal is a mixed oscillator that mixes the readings of a number of indicators, which makes it potential to precisely predict the development reversal. The Spike and Strike Reversal is composite and contains two modules, one among which is a fundamen
30 USD
Laguerre VIX Trend Extremes MT5
Synapse Investment Research Group, Inc.
The  Laguerre VIX Trend Extrema   (LVTE)  indicator detects market tops and bottoms. As its name suggests, LVTE is a percentage price oscillator that identifies extreme ranges in market price. As described in John F. Ehlers book  "Cybernetic Analysis for Stocks and Futures,"  incorporating Laguerre's equation can facilitate more advanced trend detection and smoother filters, while requiring less data. Here, we use multiple variants on Laguerre's equation, for robust detection of price maxima and
99 USD
AW Trend Predictor MT5
Alexander Nechaev
The combination of trend and breakdown levels in one system. An advanced indicator algorithm filters market noise, determines the trend, entry points, as well as possible exit levels. Indicator signals are recorded in a statistical module, which allows you to select the most suitable tools, showing the effectiveness of the signal history.  The indicator calculates Take Profit and Stop Loss marks. Important information:  To use the full potential of the indicator, we strongly recommend that you
55 USD
Trend Support Resistance Alert
ISO Financial Services
Smart Trend Line Alert , available for MT5 is a unique professional Trend Line, Support Line and Resistance Line Touch and Break out Alert with awesome Alert History feature, designed to help traders easily manage many charts and symbols without staring at the monitor. Features Candle Break Out Alert, Price Touch Alert and Time Line Alert; 1 click for converting any drawn line into an alert line (Trend line and Horizontal line or Trend Line By Angle); Alerts History able to re-open closed char
31.75 USD
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