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Prometheus Trade Engine MT4

Prometheus Trade Engine is an indicator that combines price action, ratio based indicator with custom indicators& other lagging indicators to create this leading indicator that has a multi-timeframe approach to trading so that you are able to see what other timeframes are doing all in one chart and give you high probability trade setups to assist you to make a prediction on what is MOST likely to happen in the market going foward

Chart Features

1. Reversal Zone

  • It is the rectangular box on your chart which is based on a close approximation to 50% & 61.8% fibonacci retracement levels over the high-low period of 100 bars.
  • By default, Blue rectangle is set to indicate that you are temporarily on a LONG trend with 50% above & 61.8% below;
  • Red rectangle is set to indicate that you are temporarily on a SHORT trend with 61.8% above & 50% below. It is drawn automatically so when the trend changes the tool redraws it automatically depending on your timeframe of choice.
  • It gives you a level where bulls and bears battle it out on who will dominate future price moves
  • When the Reversal Zone holds then price will bounce off that zone but when the Reveral Zone is breached it gives you a[leading]indication ahead of time that the current trend is MOST likely about to change so adjust your trading rational appropriately
  • When there is NO retracement level available then there will be NO Reversal Zone thus NO Price Move, so you stay out of the market

2. Price Action Signal

  • It is the arrow displayed on a specific candle. These arrows are NOT buy/sell arrows but rather price action signals.
  • It can be reversal signals or trend continuation signals, this will depend on where it appears on your chart. They DO NOT repaint
  • Scenarion I: If you have a bullish arrow on a bullish candle then price is most likely going to shoot LONG;If its a bearish arrow on a bearish candle then price is most likely going to collapse SHORT.
  • Scenarion II: If its a bullish arrow on a bearish candle then price is most likely going to move LONG momentarily before collapsing SHORT;If its a bearish arrow on a bullish candle the price is most likely going to move SHORT momentarily before shooting LONG
  • DO NOT rely only on these signals but use them together with the other indicators to increase your probability for some signals will undoubtedly fail but if you use them with the rest of the indicators then you have an edge;
  • You can even use a failed signal to your advantage

3. Price Move - It is based on where price is relative to the reversal zone; Above = bullish moves; Below = bearish moves

4. Daily Move - It is based on where price is relative to the daily open

5. Daily Index - It is based on current price relative to the open-high-low-close price of the daily candle; scale is 0 to 100 [0 = daily open & 100 = new high or new low]
   The higher the value the further the price is to the open; The lower the value the closer price is to the open

6. Analysis

  •    Trend Strength - Displays the overall strength of the trend; Scale is 50 to 100 [50 = weak & 100 = strong]
  •    Asset Strength - Displays the strength of the asset; Scale is 0 to 9 [0 = weak & 9 = strong]
  •    Strength Index [RSI] - Displays the RSI level
  •    MACD - Displays whether the MACD is above or below zero
7. Average [Moving Average] - Displays a multi time frame approach of where price is relative to the set moving average above or below

8. Momentum - Displays set momentum bullish or bearish across each time frame

9. Direction [ADX] - Displays set average directional movement index bullish or bearish across each timeframe

10. Market Sentiment -  Displays the traders choice of market direction call or put

Parameters

Period Settings

  • Average Period       - Set period for Moving Average, default set to 50 [Recommended]
  • Momentum Period      - Set period for Momentum, default set to 14 [Recommended]
  • Direction Period     - Set period for ADX, default set to 14 [Recommended]
  • Stength Index Period - Set period for RSI, default set to 14 [Recommended]
  • Reversal Zone Alert  - Set alert screen pop-up message, default set to TRUE [Optional]
Color Settings
  • Symbol Color  - Set color symbol on your chart, set to [Black 40,40,40] for Blackboards [Default] & DarkGray for Whiteboards [Recommended]
  • Panel Color   - Set color for the right hand panel, set to White for Blackboards [Default] & DarkGray for Whiteboards [Recommended]
  • Value Color   - Set color for values on the Analysis Section, set to Black for Blackboards [Default] & White for Whiteboards [Recommended]
  • Bullish Color - Set color for bullish indicator move, set to DodgerBlue for Blackboards [Default] & Green for Whiteboards [Recommended]
  • Bearish Color - Set color for bearish indicator move, default set to Red for Blackboards & Whiteboards
  • Flat Color    - Set color for flat indicator move, set to Yellow for Blackboards [Default] & Gold for Whiteboards [Recommended]
  • ReversalZoneLong Color  - Set color for LONG Reversal Zone, set to Blue for Blackboards [Default] & Green for Whiteboards [Recommended]
  • ReversalZoneShort Color - Set color for SHORT Reversal Zone, default set to Red for Blackboards & Whiteboards
  • Timeframe Color         - Set color of current chart timeframe, default set to Magenta for Blackboards & Whiteboards

Trade Setups

1. Reversal Bounce

Take a Reversal Bounce trade when price has bounced off the SHORT/LONG Reversal Zone based on HIGH PROBABILITY CONFLUENCE from Prometheus Trade Engine &
price action signal. Price MUST close INSIDE/BELOW the SHORT reversal zone for a PUT OR INSIDE/ABOVE the LONG reversal zone for a CALL.The closer the price
is to the Reversal Zone the better the entry
 
2. Reversal Breach

Take a Reversal Breach trade when price has breached through the SHORT/LONG Reversal Zone based on HIGH PROBABILITY CONFLUENCE from Prometheus Trade Engine &
price action signal. Price MUST close INSIDE/ABOVE the SHORT reversal zone for a CALL OR INSIDE/BELOW the LONG reversal zone for a PUT.The closer the price
is to the Reversal Zone the better the entry

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Optimisez vos opportunités de trading d'options binaires avec l'indicateur "Eagle Eye" pour MT4 Plongez dans le monde révolutionnaire du trading d'options binaires avec l'impressionnant indicateur "Eagle Eye" pour MetaTrader 4 (MT4). Cet outil novateur est prêt à transformer votre expérience de trading en vous offrant une précision chirurgicale et des opportunités de gains inégalées. Plongez dans un monde où les limites du potentiel sont brisées et les bénéfices sont maximisés grâce à la précisi
PZ Harmonacci Patterns
PZ TRADING SLU
3.43 (7)
This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It detects 19 different harmonic price formations It plots primary, derived and complementary Fibonacci pro
A. Qu'est-ce que l'A2SR ?   * C'est un indicateur technique avancé (pas de peinture, pas de retard).   * Special event :  https://c.mql5.com/1/263/A2SR_Discount_35_percent_in_August_2023.png -- Conseils : -- sur https://www.mql5.com/en/blogs/post/734748/page4#comment_16532516 -- et https://www.mql5.com/en/users/yohana/blog A2SR a une technique spéciale pour déterminer les niveaux de Support (demande) et de Résistance (offre). Contrairement à la manière ordinaire que nous avons vue sur l
Introduction to X3 Chart Pattern Scanner X3 Cherart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individu
Tricky to find and scarce in frequency, divergences are one of the most reliable trading scenarios. This indicator finds and scans for regular and hidden divergences automatically using your favourite oscillator. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to trade Finds regular and hidden divergences Supports many well known oscillators Implements trading signals based on breakouts Displays suitable stop-loss and take-profit levels Configurable oscill
EZT Trend
Tibor Rituper
4 (1)
L'indicateur de tendance EZT vous montrera la tendance, le retrait et les opportunités d'entrée. Un filtrage optionnel et tous types d'alertes sont disponibles. Des alertes par e-mail et par notification push sont ajoutées. Nous développons également une évaluation environnementale basée sur cet indicateur, qui sera bientôt disponible. Il s'agit d'un indicateur multifonctionnel composé de deux histogrammes de couleurs et d'une ligne. Il s'agit d'une représentation visuelle de la direction et
This is a trend Predictor. Honestly I have to give some credit to some few developers I know personally because they helped pulled this off.  The trend indicator uses special optics to direct the flow of price . it detects where the trend is moving into  It uses price action and a few other embedded custom indicator. You can use it in all timeframes and will be available at a much cooler price.  Please test this Indicator before buying to make sure you like what you see. I can't guarantee th
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Prometheus Smart Money is an indicator that combines both price & volume with calculations based on other custom indicators, smart volume and retail volume to create this leading indicator that gives you high probability moves to help you make a decision on what is MOST likely to happen in the market going forward Advantages You can use it in ALL financial markets including binary options on ALL asset classes or instruments. You can use it as a stand alone indicator or as a confirmation tool wit
Centaurus Trend Engine is an indicator that uses custom indicators to give the current momentum moves of the market with a multi-timeframe approach to trading Features Value Area -It is the (red/green) rectangular box on your chart based on the dynamic structure period set;Green to indicate you focus on LONG moves & Red for SHORT moves Analysis - Displays The Market Analysis Strength - Displays The Market Strength Trend - Displays The Market Trend Entry State - Displays the BEST entry time for t
Primus Smart Money is an indicator that shows the average of bulls and bears on an asset. Used as a confirmation indicator for bullish and bearish control to assist in predicting future price moves Advantages Used in ALL financial markets including binary options on ALL asset classes or instruments. To be used as a confirmation tool with other indicators Parameters Period - default set to 9 (Recommended) Entry requirements Focus on the clusters on the indicator - the height or depth of the bars
Primus Trading Engine is a trading system that combines price action,ratio based indicators & custom indicators to create this leading indicator with a multi-timeframe approach to give you high probability trade setups for forex,CFD cash/futures,metals & binary option to assist in making predictions on what is MOST likely to happen in the market Main Chart Features Price Action Signal-Arrow displayed on a specific bar;NOT buy/sell arrow;DOES NOT repaint;Bullish arrow on a bullish bar,price is l
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