Ershov 38 parrots MT5

The indicator is designed to close positions on the market in time.
For example: to take profits ahead of schedule if the price has not reached TakeProfit, and the market is turning around.
The indicator analyzes the momentum, not the trend. He does not give any information about the trend.
The indicator is well suited for finding divergence.
The Ershov 38 Parrots indicator dynamically adjusts to the market and detects price movement impulses of medium and high amplitude. It almost does not react to small price jumps.
The fundamental difference from classical oscillators is the dynamic overbought and oversold levels, which are considered independently of each other.
The indicator can warn about the following events:
- it's too late to enter the market,
- if you have an open deal, then you still need to hold it for some time,
- if you have an open deal, then you should close it right now,
- if you want to open a trade, the indicator may prohibit entry into the trade due to the high risk of a reversal.

Terms of Use:
1) It doesn't matter which trading system you use. If you are trading according to the trend, it is convenient to enter the market when the 38 Parrots line is between DW and UP.
2) If 38 Parrots > UP, it is better to hold purchases if they are already made. Most likely, the growth will stop soon (within one impulse).
If 38 Parrots < DW, it is better to hold sales if they are already made. Most likely, the fall will stop soon (within a single impulse).

3) If 38 Parrots > UP, it is better not to make new purchases. Most likely, the growth will stop soon (within one impulse).
If 38 Parrots < DW, then it is better not to make new sales. Most likely, the fall will stop soon (within a single impulse).
4) If purchases were opened. After a while, you saw 38 Parrots > UP , this is a sign that you will need to close the position soon. When returning the 38 Parrots line in the interval between DW and UP, it is better to close purchases. The pulse is most likely completed.
If sales were opened. After a while, you saw 38 Parrots < DW , this is a sign that you will need to close the position soon. When returning the 38 Parrots line in the interval between DW and UP, it is better to close sales. The pulse is most likely completed.
All of the above is clearly shown in the screenshot.
The indicator is very effective in order to exit open positions in time. Has a high probability of working out. But, like all indicators, it cannot give an absolute guarantee.
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Indicador en MQL5 que obtiene el promedio de 10 EMAS que son alineadas y procesadas según Fibonacci luego el promedio es suavizado"  Se ingresa un número de 2 a N que multiplica los EMA-Fibonacci y por consiguiente aumenta los fibonacci, resultando un promedio.   Se ingresa un número que suaviza los EMA-Fibonacci. Considerando los números 1/1 seria la suavización minima. Considerando los números 3/5 seria la suavización media. Considerando los números 10/30 seria la suavización alta.....etc
Trend and Signals MT5  indicator scans  30 trading Instruments (Forex, Metals and Indices).     It uses special algorithm on the  current market   based on   Pure Price Action   and display the overall trend and signal on the dashboard. When signals are produced the indicator sends alert and notification. Strategy for Signals This indicator uses the daily timeframe to determine the direction of the trend. The hourly timeframe is used to identify possible entries. Main trend and is determined by
Cycles Forecast
Pooriya Alirezaee
This indicator is based on a mathematical formula and an ANN combined, designed to make a model(using previous prices) of the most recent market condition (any chart*) in order to use the model as a forecasting tool. *This indicator can operate on any chart/timeframe, but it's suggested you use multiple timeframes for each trade because this method relies solely on the time factor, you can not use this indicator to predict price volatility, but if it's fit correctly it will show you when the nex
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Varreck
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Varreck 2023.11.29 15:25 
 

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