Setup PFR

Buy and sell signals based on the Reversal Closing Price Setup for trend continuation, created by Stormer.


How does it work?

The indicator activates the buy signal when we have a low below the 2 previous lows and a close above the previous close.

For a sell signal we need a high above the 2 previous highs and a close below the previous close.


How to use it?

One way of using it, as suggested by Stormer, is to enter the trade with a buy stop order one tick above the high of the candle with the buy signal, placing the stop loss order one tick below the candle's low. When there's a sell signal instead, place a sell stop order one tick below the low of the candle with the sell signal, and a stop loss one tick above the candle's high.

If the entry stop order is not filled on the next candle, the entry signal is cancelled.

If filled, the signal arrow will change color and the suggested target is the entry bar's amplitude projected 2x up for the buying trade and projected 2x down for the selling trade.


Tip:

- The signal is better when the bar is a reversal one (hammer/shooting star) or immediatelly followed by a reversal pattern (engulfing pattern/dark cloud cover/piercing pattern).


Advantages:

- The indicator includes a filter that the creator calls "Eden of traders", when the price is ahead 2 moving averages (fast and slow) on a trend. You can enable or disable this filter. And you can also change the period, type and price of those moving averages.

- Allows different colors for activated signals, so you can visually analyze the strategy on past prices.

- Lets you change the type of arrow so you don't confuse with other indicators already in use.

- Can ring an alarm to draw your attention when there's an entry signal.

- Can pop an alert on the platform to inform you when there's an entry signal.

- Can send a push notification on your smartphone when there's an entry signal.


Features you can edit to your preference:

- Periods of moving averages (It does not have to be 8 and 80. It can be any you want.)

- Type of moving averages (Simple, Exponential, etc)

- Type of price for moving averages (Close, high, low, etc)

- Distance between the arrow signals and the candle's high/low

- Type of the Buy and Sell signal arrows, based on the Wingdings font

- Color and size of the Buy and Sell signal arrows

- Color, thickness and style of the moving average

- Enable push notifications

- Enable pop-up alerts

- Enable sound alarms

- Sound of the alarm


Who is the creator?

Alexandre Wolwacz "Stormer" - Author of 15 books, trades since 1998.
Founder of L&S with Leandro Ruschel, already taught over 50 thousand people on the Stock Market. Currently has almost 200 thousand subscribers in his channels.

Keywords: Setup PFR, Eden of Traders, Pullback, Touch the MA, Setup Stormer, Setup Palex, MOL, Lorenz, Ogro, RM, Oliver Vélez, L&S.
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Protect against whipsaws: revolutionize your swing trading approach Swing Trading is the first indicator designed to detect swings in the direction of the trend and possible reversal swings. It uses the baseline swing trading approach, widely described in trading literature. The indicator studies several price and time vectors to track the aggregate trend direction and detects situations in which the market is oversold or overbought and ready to correct. [ Installation Guide | Update Guide | Tro
Trend Forecaster
Alexey Minkov
5 (7)
12% OFF EASTER SALE The Trend Forecaster indicator utilizes a unique proprietary algorithm to determine entry points for a breakout trading strategy. The indicator identifies price clusters, analyzes price movement near levels, and provides a signal when the price breaks through a level. The Trend Forecaster indicator is suitable for all financial assets, including currencies (Forex), metals, stocks, indices, and cryptocurrencies. You can also adjust the indicator to work on any time frames, alt
FX Analysis is an all-in-one MT5 indicator dashboard that combines eight analytical tools in a single panel, helping traders identify high-probability setups without switching between charts or indicators. Designed for standard forex pairs on MetaTrader 5. Best results on M15 - H4 timeframes when all components are used together as part of the included workflow. Components Volatility Analyzer Displays historical average movement by hour and by day of the week. A real-time Pip Balance shows the
Berma Bands
Muhammad Elbermawi
5 (8)
L'indicatore Berma Bands (BBs) è uno strumento prezioso per i trader che cercano di identificare e capitalizzare i trend di mercato. Analizzando la relazione tra il prezzo e le BBs, i trader possono discernere se un mercato è in una fase di trend o di range. Visita il [ Berma Home Blog ] per saperne di più. Le Berma Bands sono composte da tre linee distinte: la Upper Berma Band, la Middle Berma Band e la Lower Berma Band. Queste linee sono tracciate attorno al prezzo, creando una rappresentazion
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Trap Zone
Luigi Nunes Labigalini
5 (1)
This indicator serves as an alert for climax regions. How does it work? When the 20-period arithmetic moving average meets the 200-period arithmetic moving average, a conflict region forms with two major opposing forces fighting. This causes the price to show random peaks until a winner side is defined, which can be dangerous. Therefore, the indicator paints the region between the moving averages to alert you. How to use it? It can be used for specific volatility or support and resistance str
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Your Trend Friend
Luigi Nunes Labigalini
5 (1)
The trend is your friend! Look at the color of the indicator and trade on that direction. It does not  repaint. After each candle is closed, that's the color of the trend. You can focus on shorter faster trends or major trends, just test what's most suitable for the symbol and timeframe you trade. Simply change the "Length" parameter and the indicator will automatically adapt. You can also change the color, thickness and style of the lines. Download and give it a try! There are big movements w
Setup 91 Larry Williams
Luigi Nunes Labigalini
4.5 (2)
Buy and sell signals based on Larry Williams's exponential moving average strategy 9.1 for trend reversals. How does it work? The indicator activates the buy and sell signal when a candle closes turning the 9 period EMA. How to use it? One way of using it, proposed by Larry Williams, is to enter a trade with a buy stop order one tick above the high of the candle with the buy signal, placing the stop loss order one tick below the candle's low. When there's a sell signal instead, place a sell s
Setup 92 Larry Williams
Luigi Nunes Labigalini
Buy and sell signals based on Larry Williams's exponential moving average strategy Setup 9.2 for trend continuation. How does it work? The indicator activates the buy signal when a candle closes below the previous low while maintaining the 9 period EMA's upwards.  For a sell signal, we need a candle closing above the previous high while maintaining the 9 period EMA's downwards. How to use it? One way of using it, proposed by Larry Williams, is to enter a trade with a buy stop order one tick
Setup 93 Larry Williams
Luigi Nunes Labigalini
Buy and sell signals based on Larry Williams's exponential moving average strategy 9.3 for trend continuation. Who is he? Larry Williams is an American stock and commodity trader, author of 11 books and creator of indicators such as the "Williams%R" and the "Ultimate Oscillator", with over 60 years of trading experience. Won the 1987 World Cup Championship of Futures Trading, turning $10,000 to over $1,100,000 in 12 months with real money. Ten years later, his daughter Michelle Williams won th
Setup 94 Larry Williams
Luigi Nunes Labigalini
Buy and sell signals based on Larry Williams's exponential moving average strategy 9.4 for failed reversals and trend continuation. How does it work? For an uptrend, we need a candle turning the 9 period EMA down and closing below it, followed by a candle turning the 9 period EMA up and closing above it, with a low higher than the previous candle's low.  For a downtrend, we need a candle turning the 9 period EMA up and closing above it, followed by a candle turning the 9 period EMA down and cl
Setups 9 Larry Williams
Luigi Nunes Labigalini
Buy and sell signals based on Larry Williams's exponential moving average strategies 9.1, 9.2, 9.3 and 9.4 for trend reversals and continuations. To understand the logic and how to trade the signals, please check: Setup 9.1:  https://www.mql5.com/pt/market/product/50986 Setup 9.2:  https://www.mql5.com/pt/market/product/52268 Setup 9.3:  https://www.mql5.com/pt/market/product/52269 Setup 9.4:  https://www.mql5.com/pt/market/product/52273 Notices:  - This indicator displays a lot of signals. B
Setup PC
Luigi Nunes Labigalini
Buy and sell signals based on the Continuous Point Setup for trend continuation, popularized in Brazil by Stormer and Palex. How does it work? The indicator activates the buy signal when we have prices above the ascending 21-period Simple Moving Average (SMA21) followed by a pullback and a touch on it.  For a sell signal we need the prices below the descending SMA21 followed by a pullback and a touch on it. How to use it? One way of using it, as suggested by Stormer, is to enter the trade
Joe DiNapoli
Luigi Nunes Labigalini
Buy and sell signals based on Joe DiNapoli's shifted 3 period exponential moving average strategy for trend reversals. Who is he? Joe DiNapoli is a professional trader and author that has been involved in the markets for more than 38 years. He is also a registered Commodity Trading Advisor (C.T.A.) for over 15 years and has taught his techniques in the major financial capitals of Europe, Asia, South Africa, the Middle East, Russia and in the United States. How does the indicator work? The ind
HiLo Points
Luigi Nunes Labigalini
This Indicator is based on the high's moving average and the low's moving average for trend following and/or trailing stops. How does the indicator work? The indicator plots the uptrend dots until there is a close below the moving average of the lows. When this happens, a downtrend begins and is plotted until there is a close above the moving average of the highs. When this happens, another uptrend begins. And so it goes. How to use it? - Trend following: You can use it as buy signals when th
Setup da Onda
Luigi Nunes Labigalini
Buy and sell signals based on the Wave Setup strategy for entering a trade on the pullback after a reversal. How does the indicator work? The indicator activates the buy and sell signal when their respective conditions are met.  For an uptrend, we need a reversal up on the EMA9 followed by prices above the ascending SMA21 making a pullback and a touch on it.  For a downtrend, we need a reversal down on the EMA9 followed by prices below the descending SMA21 making a pullback and a touch on it.
Setup DT Trap
Luigi Nunes Labigalini
Buy and sell signals based on the Day Trade Trap Strategy for failed breakouts, popularized in Brazil by Alexandre Wolwacz (STORMER). How does the indicator work? The indicator activates the buy and sell signal when their respective conditions are met.  For a buy signal, we need a bar making a low lower than the previous day low. On this moment, the signal is plotted with the secondary color. For a sell signal, we need a bar making a high higher than the previous day high. On this moment, the
Setup Double 7s
Luigi Nunes Labigalini
Entry and exit signals from the Double 7's Strategy by Larry Connors in his book "Short Term Trading Strategies That Work". Larry claims this strategy predicted the market's direction over 80% of the time since 1995. Picking up the gains and being exposed in the market less than 25% of the time. Good for swing trading on Daily charts of SPY, Nasdaq, China's FXI, Brazil's EWZ and the majority of the equity ETFs and World Indices. How does it work? The indicator activates the buy signal when we
Setup IFR2
Luigi Nunes Labigalini
Entry and exit signals from the IFR2 Strategy by Larry Connors in his book "Short Term Trading Strategies That Work". Larry claims this strategy correctly predicted the shortterm direction of the S&P 500 83.6% of the time from 1995 to 2007. How does it work? The indicator activates the buy signal when the price closes above the 200-day moving average and the 2-period IFR closes below 5. The sell signal is the opposite. How to use it? Enter the trade with a market order as soon as the candle
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