MT Merit Signal
MT MERIT SIGNAL is an indicator that is built to produce good signals and also screening best signals. Trade both trend and reversal. Trade general trading or martingale style. It can be combined with the basic indicators in MT4 or can be used together with your own system by choosing the right formula for your trading system. Adjust the value to suit the symbol pair and timeframe according to your own system. Suitable for people who trade by yourself, do not use with ea manage risk management by yourself and fundamental analysis help to choose an advantageous trading symbol pair.
TRADE: Forex and Binary Option
TIME FRAME: All Time Frame
SYMBOL PAIR: All Symbol
CALCULATE BARS: Value or bars used must be large enough to calculate the formula.
PERIOD: Value used to filter signal
LEVEL F R E: Put higher the value and signal are less displaySIGNAL F : Show formula signal, Display 3 levels: Fast , Normal, SlowSIGNAL R : Show reversal signal, Display 3 levels: Fast , Normal, Slow
SIGNAL E : Show exit signal, Display 3 levels: Fast , Normal, Slow
SCREENING SIGNAL: Screening for the signal to displayCLEAR SIDEWAY F: Find the Sideway and not show signal output on sideway. There are 3 formulas find sideway: Fast , Normal, Slow
(Clear_Sideway_F_Level: Put lower the value and signal are less display)
MARTINGALE ARROW: It's a formula created specifically to filter signals for martingale style trading by following the resulting arrow sequence.But you can also use this function to trade normally, as it is a good filter signal.
MARTINGALE LEVEL: It's a formula created to calculate the level especially for martingale style trading by trading the level point that occurs at the
arrow.However, this function can also be used as normal trading by setting a pending order at a level more point after the signal occurs.
(Example analysis setting default)
- Martingale Level point display 6-7 level = Moderate win rate
- Martingale Level point display 3-5 level = High win rate
- Martingale Level point display 1-2 level = Very high win rate
Martingale_Level_Start_F, R: The starting point, level in the calculation.- Martingale_Level_Start_F: 0 = start point is very far and high win rate, 10 = start point is very near and low win rate
- Martingale_Level_Start_R: 10 = start point is very far and high win rate, 0 = start point is very near and low win rate
Martingale_Level_F, R: Distance multiplier of each level point.
The indicator will auto optimize levels according to the graph's optimal during at that time.
( Level is re-calculate when starting a new candle, because it is calculated according of the graph to get the best level
for that time. The calculated distance is according to the setting of Calculate_Bars)
ALERT: Popup, Email, Mobile, Comment alert (Arrow and Alert after close candle)DETAIL ARROW: Arrow displays are unique higher priority will overwrite lower priority
(*****Arrow: Not repaint, Not redraw, Not re-calculate*****)
Refine the arrow details in the display. Change Arrow: Icon, Gap, Size and Color
TEST: Please test the Indicator to working and display the arrow normally.
|TEST VERSION : MT MERIT SIGNAL TEST|
V 5.2 Clear all buffer before refresh
V 4.0 Add Function Martingale_Arrow
V 4.1 Add Function Show_Setting
V 5.0 Tune performance up speed indicator (Buffer, Alert, Function other...)