Red and Green Light Indicators

🚦 Red and Green Light – Intelligent Trading Signal Indicator

📋 Product Overview

Red and Green Light is a professional trading signal indicator based on the multi-stage T3 smoothing algorithm. It integrates a visual traffic light system, intelligent signal recognition, risk alerts, and multiple notification features. Whether you're a manual trader or an Expert Advisor (EA) developer, this indicator helps you capture market opportunities with greater precision and effectively avoid the risks of counter-trend trading.

✨ Key Advantages

  • 🎯 Accurate Signals: T3 algorithm filters market noise and captures genuine trends
  • 🚦 Intuitive Visualization: Traffic light system for instant clarity
  • ⚠️ Risk Protection: Automatically detects counter-trend trades
  • 🔔 Multiple Alerts: Pop-ups, sound alerts, and push notifications
  • 🎨 Highly Customizable: Fully adjustable text, colors, and layout
  • ⚡ Real-Time Updates: Refreshes every 5 seconds with synchronized status

🎯 Core Features

1. T3 Algorithm: Based on Tim Tillson / Fulks-Matulich, 6-stage smoothing with dynamic channels. Parameters: Period 6–21, Hot coefficient 0.5–0.8, supports multiple price types.

2. Signal Recognition:

  • Buy when closing prices of N consecutive candles are above the upper T3 channel (T3_1u/2u/3u/5u).
  • Sell when closing prices of N consecutive candles are below the lower T3 channel (T3_1d/2d/3d/5d).
    Two modes available: Responsive Mode or Stable Mode.

3. Traffic Light 🚦:

  • Green = Go long
  • Yellow = Wait
  • Red = Go short
    Auto-refreshes every 5 seconds, supports multiple timeframes, and position is adjustable.

4. Display System:
5 text display modes (Default / Long-Short / Buy-Sell / Entry / Custom), directional arrows, and customizable colors.

5. Alert System 🔔:
Pop-up windows, sound alerts, and push notifications. Custom sounds and configurable alert intervals.

6. Risk Alerts ⚠️:
Monitors manual or EA-initiated positions that contradict the current signal. Alerts via pop-up, sound, push notification, and on-chart warnings.

7. Vertical Lines:
Time-based markers, cross-timeframe support, and automatic cleanup.

📖 Quick Start Guide

  1. Installation: Copy the .ex5 file to the MQL5/Indicators folder and drag it onto your chart.
  2. Usage: Watch the traffic light — go long on green, go short on red.
  3. Customization: Adjust display mode, alerts, text, and colors to suit your preferences.

Parameter Recommendations

  • Conservative: Period 18–21, check 2–3 candles, Stable Mode
  • Aggressive: Period 10–12, check 1 candle, Responsive Mode
  • Intraday: Period 8–10, Hot 0.7–0.8
  • Medium/Long-Term: Period 18–21, Hot 0.5–0.6

Pro Tips

Confirm signals across multiple timeframes (e.g., H1 + H4), combine with trendlines, enable risk alerts, and assign distinct sounds for entry signals vs. warning alerts.

💡 Frequently Asked Questions

Q1: Always yellow light?
→ Wait for a clear signal; reduce the number of candles checked or adjust the period.

Q2: Too many signals?
→ Increase the candle count (2–3), use Stable Mode, and raise the period.

Q3: Signals too slow?
→ Reduce candle count (1), switch to Responsive Mode, lower the period, and increase the Hot coefficient.

Q4: How to distinguish real vs. false signals?
→ Confirm across multiple timeframes, align with the dominant trend, and prefer Stable Mode.

Q5: Counter-trend warning triggered?
→ Pause trading and wait until your position aligns with the current signal.

Q6: Resource usage?
→ Circular buffer, incremental calculations, 5-second refresh → extremely low CPU/memory footprint.

🔧 Technical Specifications

Circular buffer, incremental computation, boundary checks, and exception handling. Compatible with all MT5 versions, all trading instruments, and all timeframes.

📊 Use Cases

Traders: Manual traders, EA developers, beginners, and professionals.
Markets: Forex, stocks, futures, cryptocurrencies.
Timeframes:

  • M5–M30 (short-term)
  • H1–H4 (intraday)
  • D1–W1 (medium/long-term)

🎁 Why Buy?

  1. Mature T3 algorithm, market-proven
  2. Comprehensive functionality: signals, alerts, risk control
  3. User-friendly: intuitive traffic light interface
  4. Highly customizable to fit any trading style
  5. Continuous updates
  6. Exceptional value: one-time purchase, lifetime use

Return on Investment: Reduce losses, improve win rate, save time, and manage emotions better.

📞 Technical Support

Email: ivx@ivx.wang
Version: 1.3
Updates: Ongoing
Changelog:

  • v1.3 – Fixed some display issues
  • v1.2 – Performance optimizations
  • v1.1 – Added EA monitoring
  • v1.0 – Initial release

⚠️ Disclaimer

This indicator is provided for informational purposes only and does not constitute investment advice. Trading involves risk. The developer assumes no responsibility for trading outcomes. Please use this tool responsibly according to your risk tolerance.

Red and Green Light – Your intelligent trading assistant. Start using it today and simplify your trading journey! 🚀

© 2025 Red and Green Light Indicator. All rights reserved.


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Limitless MT5 is a universal indicator suitable for every beginner and experienced trader. works on all currency pairs, cryptocurrencies, raw stocks Limitless MT5 - already configured and does not require additional configuration And now the main thing Why Limitless MT5? 1 complete lack of redrawing 2 two years of testing by the best specialists in trading 3 the accuracy of correct signals exceeds 80% 4 performed well in trading during news releases Trading rules 1 buy signal - the ap
Trend and Signals MT5
Isaac Kimani
Indicatori
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
Indicatori
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
BC Scalper Aroow
Tete Adate Adjete
Indicatori
This indicator is based on the crossing of two Moving Average with the RSI It is intended for scalpers Specially designed for Boom and Crash syhtetic indices from Binary.com/Deriv.com It is easy to use and intuitive. We recommend its use on M1 and is equipped with three types of notification Email alert Sound notification Push notification these parameters can be activated and deactivated.
IVISTscalp5
Vadym Zhukovskyi
5 (6)
Indicatori
What's new about iVISTscalp5 forecast indicator (Version 10)? iVISTscalp5 is a unique nonlinear forecasting for a week ahead system for any financial instrument which executes fast scalping using time levels. iVISTscalp5 is a tool for easy study and understanding of financial market. 1) iVISTscalp5 forecast indicator has been completely rewritten into another programming language (C++), which has accelerated data loading and processing. As a result, a different graphical display of forecasts
BOOM and CRASH Ultimate Soft
Tete Adate Adjete
Indicatori
This indicator is a scalping indicator intended solely for the Boom and Crash indices of the Deriv Limited market It supports Boom 500, Boom 1000, Crash 500 and Crash 1000 Not repaint and no bug The settings are intuitive and easy to use The product activation number is 20 The Time Frame used depends on the user If you are an aggressive scalper then just use M1 For long trades use M15 If you are conservative use M5 Please contact me for more details of its use
Recuroid
Andriy Sydoruk
Indicatori
The Recuroid indicator shows very good entry points. Just look at the screenshots, then download the free version and look in the strategy tester and see for yourself. The system is based on two key algorithms. The first algorithm (managed) creates a system of balanced transition from the buy zone to the sell zone and vice versa, draws arrows and lines, and forms entries. The second algorithm (managing) corrects the initial data for the first algorithm (managed) by measuring virtual windows, t
Boom coins indicator and crash coins
Waleed Hamood Said Al Rawahi
Indicatori
Live broadcast of the indicator on YouTube. Please click on the link below for more credibility. There are also videos of the indicator that you can watch. Note that the broadcast is late, do not rely on it. Only a review of the indicator is only a review of the indicator’s accuracy, which does not lose almost and the profit rate reaches 95%. I will work with great accuracy on the CRASH coin 1000 INDICES
MMM Gold Sniper MT5
Gilang Wardhana Purnama Putra
Indicatori
Indicator is based on   Market Maker Strategy.   NO REPAINT. MM's are traders and their objective is to make money.  This includes strategies to trade against retails traders.  The major difference between them and other traders is that they have the ability, through access to massive volumes, to move price at their will.  So to make money, they aim to buy at a lower price and then sell at a higher price. They achieve this by:  1. Inducing traders to take positions. This is achieved by using a
Tatino Super Signals
Anthonius Soruh
Indicatori
Tatino Super Signals is Non Repaint Indicator for Binary Option trading and Forex trading. Recommendations: Timeframe: All timeframes. For best results we recommend using it on M1, M5 and M15 timeframes. Currency pairs: All Pairs Account type: All Type Broker time: Any Brokers : Alls Binary Trading : Expired 1 Candle Buffer Buy=1, Sell=0, Entry Next Candle Recommended Forex trading stop loss : 15 pips Recommended  Forex tradingTake profit levels : 15 pips Specifications: Does not repaint   Pa
Magicx
Hasan Abdulhussein
Indicatori
The indicator places a buy or sell signal when the conditions of the strategy it was designed with are met. The strategy is guaranteed, strong, and has been tested for 9 years. The indicator is for binary options and can be converted into a bot by linking it to MT2Trading, where it sends the signal to this platform. This platform automatically opens a trade on the trading platform you are using, whether it is Pocket Option, IQ Option, or any other binary options platforms. The entry is on the n
Engulfing Candles With MA
Hisham Ahmed
Indicatori
Questo è un indicatore per l'opzione binaria. Calcola Engulfing Candles con una conferma del segnale di media mobile. Sul grafico vengono visualizzate le frecce verde di acquisto e rossa di vendita. È stato testato su un grafico a 3 e 5 minuti con più coppie (EUR/USD, EUR/JPY, USD/JPY... ecc.). Funzionerà sul mercato OTC di Pocketoption, nonché su EUR/JPY OTC e EUR/USD OTC. Per i principianti, Se utilizzi la martingala, le impostazioni consigliate sono: Investimento iniziale: $ 1,00 Moltiplic
CBT Quantum Maverick
Arpit Sharma
1 (1)
Indicatori
CBT Quantum Maverick Sistema di Trading Binario ad Alta Efficienza CBT Quantum Maverick è un sistema di trading binario ad alte prestazioni progettato per trader che cercano precisione, semplicità e disciplina. Non è necessaria alcuna personalizzazione: il sistema è ottimizzato per fornire risultati efficaci fin dall'inizio. Con un po' di pratica, i segnali possono essere facilmente compresi. Caratteristiche principali: Precisione dei Segnali: Segnali di trading basati sulla candela attuale,
Stabilized dema cross indicator
Ekaterina Saltykova
Indicatori
Introducing to your attention an innovative expert advisor created specifically for the most juicy and volatility    currency     basket: GBPUSD, XAUUSD and EURJPY. This system is designed using the main features of this market's movement, making it an ideal choice for dynamic trading on high-trending and medium-volatile pairs.   The signals are focused on minimizing trading risks, aiming to reduce losses to a minimum. Main features ESignals is designed to show open and close arrows at the beg
Old School Reversal Zones
Kavita Krishnakumar Ojha
Indicatori
I'll keep it Short and to the point.  Let Your Backtest Results Speak for Themselves. After much deliberation, we’ve decided to release the foundational logic behind our process for public use. This isn’t about changing the way you trade—because we know that’s unique to you. The best ways to enter a position? Those have always been confidential ! What we can share is the first of three essential steps we use before entering any trade. This tool is designed to keep you on the right side of the m
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