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Target Hunter MT5

The indicator determines the most important component of any trading system - the possible exit point from the transaction.

As the price moves, depending on the market situation, the indicator builds goals.
The target becomes relevant when the price starts moving towards the target.
If the movement is strong, then it may take a certain number of targets to stop or reverse price. The accumulation of targets is most likely able to stop the price.
Some goals are executed several times.

But the chart clearly shows that these goals have a serious deterrent factor, and, accordingly, are the points for a reasonable closing of the position.

The indicator does not redraw.

The indicator has a system of alerts (triggered when a new target appears): a beep, an email, a message to the mobile terminal, a standard alert.

The indicator has a table for easy selection of parameters (does not work in the tester).
The size of the table depends on the font size of the table selected in the settings.
The parameter selection table can be dragged with the mouse.


Settings

 

group Main Settings - main settings : 

  • History_Size - the size of the displayed history.
  • Number Extremums - the number of extremums for calculating the goal.
  • Number Movements - number of movements to calculate the goal.
  • Min Target - minimum goal size (in pips).
  • Intermediate Target - hide/display intermediate goals.

Other groups of settings:

  • settings group "Settings" - table settings for selecting parameters.
    STEP_for_filter_period - step of changing parameters: Number ExtremumsNumber Movements, Min Target.
  • settings group "Tags of Targets" - goal labels settings.
  • settings group "Notification" - settings for enabling/disabling different types of notifications.
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The indicator builds a graphical analysis based on the Fibonacci theory. Fibo Fan is used for the analysis of the impulses and corrections of the movement. Reversal lines (2 lines at the base of the Fibonacci fan) are used to analyze the direction of movements. The indicator displays the of 4 the target line in each direction. The indicator takes into account market volatility. If the price is above the reversal lines, it makes sense to consider buying, if lower, then selling. You can op
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The indicator plots flexible support and resistance levels (dots). A special phase of movement is used for construction. Levels are formed dynamically, that is, each new candle can continue the level or complete it. The level can provide resistance or support to the price even where it is no longer there. Also, support and resistance levels can change roles. The importance of levels is affected by: the amount of time the level is formed and the number of touches. The significance of these l
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The trading system is designed to work with gold on time periods: 30M, 1H. The indicator allows you to adjust to the market situation. Parameters for 1H :   PERIOD=9F ,   FILTER=300 .   Parameters for  30M :   PERIOD=22B ,   FILTER=450 .   A small adjustment to a specific broker is allowed .   If you change the amount of history displayed, you may also need to adjust the parameters. The indicator is not redrawn.     "Gold n XAU" uses different rules for entering a trade and different ru
The indicator determines the most important component of any trading system - the possible exit point from the transaction. As the price moves, depending on the market situation, the indicator builds goals. The target becomes relevant when the price starts moving towards the target. If the movement is strong, then it may take a certain number of targets to stop or reverse price. The accumulation of targets is most likely able to stop the price. Some goals are executed several times. But the
The indicator builds "psychological levels": levels of round numbers and intermediate levels of round numbers. Round numbers play an important role in forming support and resistance levels. There is a pattern in which the decline or growth of the price can stop at round numbers. The level whose price ends at 0 is the level of a round number of the first order. Intermediate level, this is the level between two round levels, for example, between 10 and 20 this is level 15. In the " Num_Zero
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The indicator displays a stock chart of a non-standard type, in which the price and time have the same value. The usual chart of Japanese candlesticks does not take into account all the information that the time analysis can give. Renko charts do not use all the information that price can give in relation to time. The "Chart Price and Time" indicator takes into account price and time equally and shows the predominance of price or time. Taking into account price and time equally gives an i
The indicator tracks sharp volatility (moments when the market has shown increased activity and movement may occur), on the selected instruments and time periods. The information is displayed as colored rectangles. Thus, it is possible to assess at a glance which tool should be given priority attention. The indicator will be useful for scalpers when they need a quick reaction or for traders working with a large number of instruments. The indicator does not redraw. The indicator displays 8 degr
This program is designed to test ideas and acquire analytical skills. The main task of the analyst is to be able to predict the direction and range on the chart, where the price should soon come. This product cannot be tested in the tester. All the functionality is shown in full in the description and screenshots. How it works : Situations for analysis are selected at random. (The more historical data, the greater the number of examples). Click " Start Game ". Between the orange vertical li
The Alert Creator indicator is designed to create alerts for selected conditions. You can select one or several indicators for the notification. If several conditions are selected, the alert is triggered when all the selected conditions are met. The signals can be configured separately for buying and separately for selling. Example, a buy alert: the closing price is above the moving average, the RSI is below 20. (In this example, 2 indicators are used to generate an alert: MA and RSI) At
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Version 1.1 2021.10.24
general improvements