Golden Trend Compass
- Indicatori
- Versione: 1.20
Golden Trend Compass is a free BUY/SELL signal indicator for MetaTrader 5.
It is designed to help traders identify simple trend-based opportunities using EMA direction, RSI confirmation, ATR market quality, and candle confirmation. The indicator displays clean BUY and SELL arrows directly on the chart and draws a simple Entry, Stop Loss, and Take Profit box when a signal appears.
This free tool is built for traders who want a clear visual guide without complicated settings or unnecessary chart clutter.
Main Features:
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BUY and SELL arrows on the chart
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EMA trend direction filter
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RSI confirmation filter
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ATR market quality filter
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Candle confirmation filter
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Optional spread filter
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Optional session filter
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Clean Entry / SL / TP box
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Fixed Stop Loss based on 2 ATR
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Fixed Take Profit based on 4 ATR
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Optional popup and sound alerts
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Simple and lightweight indicator
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No automatic trading
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No complicated setup
How it works:
Golden Trend Compass checks the market direction using two EMA lines. It then confirms the signal with RSI, ATR, and candle direction. When all conditions match, the indicator shows a BUY or SELL arrow and draws a clean risk box with Entry, SL, and TP levels.
The indicator does not open trades automatically. It is a visual decision-support tool only.
Input Parameters:
Product Name:
Custom name displayed in the indicator settings.
Max Historical Bars To Scan:
Controls how many past candles the indicator scans.
Fast EMA Period:
The fast EMA used for trend direction.
Slow EMA Period:
The slow EMA used for trend direction.
Use Trend Slope:
Requires the fast EMA to move in the signal direction.
Slope Lookback:
Number of candles used to confirm EMA slope.
RSI Period:
Period used for the RSI filter.
BUY RSI Level:
RSI level required for BUY signals.
SELL RSI Level:
RSI level required for SELL signals.
Use RSI Cross Level:
Requires RSI to cross the selected level before a signal appears.
ATR Period:
ATR period used for volatility and risk box calculation.
Use ATR Filter:
Enables or disables ATR market quality filtering.
Minimum ATR Allowed:
Minimum ATR required for signals.
Maximum ATR Allowed:
Maximum ATR allowed for signals.
Use Candle Confirmation:
Requires the candle direction to match the signal direction.
Minimum Candle Body ATR:
Minimum candle body size based on ATR.
Arrow Cooldown:
Minimum number of candles between signals.
Draw Clean Entry/SL/TP Box:
Enables or disables the risk box.
SL ATR Multiplier:
Stop Loss distance. Default is 2 ATR.
TP ATR Multiplier:
Take Profit distance. Default is 4 ATR.
Risk Box Width In Candles:
Controls how far the risk box extends on the chart.
Show Small Labels:
Shows small ENTRY, SL, and TP labels.
Session Filter:
Allows signals only during selected trading hours.
Spread Filter:
Blocks signals when spread is higher than the selected maximum.
Alerts:
Enables popup or sound alerts when a new signal appears.
Important Note:
This indicator is not a trading robot and does not guarantee profits. It is a technical analysis tool designed to support your own trading decisions. Always test the indicator on a demo account before using it on a live account.
