Merril Wave PRO

Merrill Wave PRO — Advanced Harmonic Pattern Recognition Indicator

Merrill Wave PRO is a professional, high-precision technical analysis tool developed for the MetaTrader 5 platform. Its advanced core engine automatically scans and detects all 32 classical Merrill M and W pattern structures (from M1 to M16 and W1 to W16) in real-time, mapping price action swings in combination with mathematical projections and institutional support and resistance levels.

The indicator features a fully integrated futuristic HUD Control Dashboard on the chart, providing key statistical performance metrics and dynamic target forecasts without cluttering your screen.

Key Features

  • Automatic Pattern Recognition: Instant identification of all 32 Arthur Merrill M & W structural chart patterns, classified based on pure price action swings.
  • High-Tech HUD Dashboard: Interactive panel showing the active Merrill pattern name, the classical chartist equivalent structure (e.g., Double Top, Head & Shoulders, Broadening Wedge), the active signal, the target price, and the historical Win Rate.
  • Evolution & Mutation Forecasts: Projects mathematical target levels (Evolution and Mutation) calculated based on Fibonacci ratios, showing distance in pips in real-time.
  • Statistical Win Rate Metrics: Calculates the historical accuracy of the indicator directly on the chart based on the analyzed sample size, providing clear percentages of effectiveness and noise for smarter decisions.
  • Institutional Support & Resistance: Draws automatic horizontal lines based on the pattern's vertices, color-coded for supply and demand rules: Red for Resistance zones (Sells) and Green for Support zones (Buys).
  • Fully Customizable & High-DPI Ready: Supports scaling for 4K and high-resolution monitors. Customize the panel scale, position, and colors of all visual objects.

Recommended Trading Methodology

  • Buy Signals (W-Patterns): When a W-pattern is detected with a "BUY (BULLISH)" signal, look for price action confirmation (such as a pin bar, bullish engulfing candle, or bottom rejection wick) near the support line (green lines) or in the projected target zone.
  • Sell Signals (M-Patterns): When an M-pattern is detected with a "SELL (BEARISH)" signal, look for price action confirmation (such as a shooting star, bearish engulfing candle, or top rejection wick) near the resistance line (red lines) or in the projected target zone.
  • Risk Management: Place your Stop Loss slightly above/below the last confirmed structural vertex, and use the projected Evolution/Mutation levels as suggested Take Profit (TP) targets.

Input Parameters

  • Depth: Minimum number of bars to identify a new high or low in the Zigzag logic (Default: 31).
  • Deviation: Minimum price change in pips to register a new vertex on the chart (Default: 5).
  • Backstep: Minimum number of bars between high and low vertices (Default: 1).
  • HistSize: Number of historical bars scanned by the engine to identify patterns (Default: 500).
  • ColorArrow: Color of the structural arrows marking the pattern vertices.
  • ColorTrend: Color of the structural trendlines connecting the Merrill points.
  • WidthTrend: Line width of the structural trendlines.
  • StyleTrend: Line style of the structural trendlines.
  • ColorUpHLine: Color of the upper horizontal resistance levels (Crimson Red by default).
  • ColorDownHLine: Color of the lower horizontal support levels (Bright Green by default).
  • WidthHLine: Line width of the horizontal support and resistance lines.
  • BackHLine: Toggle to draw support and resistance lines in the background of the chart.
  • StyleHLine: Line style of the horizontal support and resistance lines.
  • DashXOffset: Horizontal pixel offset of the HUD Dashboard.
  • DashYOffset: Vertical pixel offset of the HUD Dashboard.
  • DashScale: Scale factor of the HUD Dashboard size (from 0.5 to 2.0).

Theoretical Foundations & References

This indicator is a professionally optimized implementation based on the mathematical concepts and code logic documented within the MQL5 community:

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Renato Lulic
지표
Free for now, price is going to be 30 USD at Jan 1. 2025. Features: Pin Bar Detection : The indicator is designed to identify bullish and bearish pin bars based on specific criteria, including the relative size of the candle’s body and shadow, as well as the position of the candle's body in relation to the 38.2% Fibonacci level. Customizable Labels : Custom text is displayed above each identified bullish or bearish pin bar, such as "[38.2]" for bullish and "[-38.2]" for bearish, helping traders
FREE
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ScalpPoint
Temirlan Kdyrkhan
지표
ScalpPoint is a powerful trading companion designed to generate high-probability entry signals with dynamic TP/SL/DP levels based on volatility. Built-in performance tracking shows win/loss stats, PP1/PP2 hits, and success rates — all updated live. Key Features: Buy/Sell signals with adaptive volatility bands Real-time TP/SL/DP levels based on ATR Built-in MA Filter with optional ATR/StdDev volatility Performance stats panel (Success, Profit/Loss, PP1/PP2) Alerts via popup, sound, push, or emai
SmartScalping
Temirlan Kdyrkhan
지표
SmartScalping is a powerful trading companion designed to generate high-probability entry signals with dynamic TP/SL/DP levels based on volatility. Built-in performance tracking shows win/loss stats, PP1/PP2 hits, and success rates — all updated live. Key Features: Buy/Sell signals with adaptive volatility bands Real-time TP/SL/DP levels based on ATR Built-in MA Filter with optional ATR/StdDev volatility Performance stats panel (Success, Profit/Loss, PP1/PP2) Alerts via popup, sound, push, or e
TrendProMaster
Temirlan Kdyrkhan
지표
MasterTrend Indicator for MT5 A powerful trend-following and signal-evaluation tool MasterTrend   is a custom MT5 indicator that combines Moving Averages and ATR-based risk/reward logic to generate clear buy/sell signals. It visualizes dynamic SL/TP levels, evaluates past trade outcomes, and displays win/loss statistics in a clean on-chart panel. Key features include: Buy/Sell signals based on MA crossovers ATR-based SL/TP1/TP2/TP3 levels with visual lines and labels Signal outcome tracking wit
MasterTrend
Temirlan Kdyrkhan
지표
MasterTrend Indicator for MT5 A powerful trend-following and signal-evaluation tool MasterTrend   is a custom MT5 indicator that combines Moving Averages and ATR-based risk/reward logic to generate clear buy/sell signals. It visualizes dynamic SL/TP levels, evaluates past trade outcomes, and displays win/loss statistics in a clean on-chart panel. Key features include: Buy/Sell signals based on MA crossovers ATR-based SL/TP1/TP2/TP3 levels with visual lines and labels Signal outcome tracking wit
ARIPoint
Temirlan Kdyrkhan
1 (1)
지표
ARIPoint is a powerful trading companion designed to generate high-probability entry signals with dynamic TP/SL/DP levels based on volatility. Built-in performance tracking shows win/loss stats, PP1/PP2 hits, and success rates all updated live. Key Features: Buy/Sell signals with adaptive volatility bands Real-time TP/SL/DP levels based on ATR Built-in MA Filter with optional ATR/StdDev volatility Performance stats panel (Success, Profit/Loss, PP1/PP2) Alerts via popup, sound, push, or email Cu
ARICoins
Temirlan Kdyrkhan
지표
ARICoin is a powerful trading companion designed to generate high-probability entry signals with dynamic TP/SL/DP levels based on volatility. Built-in performance tracking shows win/loss stats, PP1/PP2 hits, and success rates all updated live. Key Features: Buy/Sell signals with adaptive volatility bands Real-time TP/SL/DP levels based on ATR Built-in MA Filter with optional ATR/StdDev volatility Performance stats panel (Success, Profit/Loss, PP1/PP2) Alerts via popup, sound, push, or email Cust
AriX
Temirlan Kdyrkhan
1 (4)
지표
AriX Indicator for MT5 A powerful trend-following and signal-evaluation tool AriX is a custom MT5 indicator that combines Moving Averages and ATR-based risk/reward logic to generate clear buy/sell signals. It visualizes dynamic SL/TP levels, evaluates past trade outcomes, and displays win/loss statistics in a clean on-chart panel. Key features include: Buy/Sell signals based on MA crossovers ATR-based SL/TP1/TP2/TP3 levels with visual lines and labels Signal outcome tracking with real-time stat
CGE Trading Suite
Carl Gustav Johan Ekstrom
5 (2)
지표
Institutional-Grade Analytics for MT5 C GE Trading Suite delivers the analytical edge typically reserved for professional trading desks. The platform integrates a full suite of analytical tools into one seamless workflow: dynamic grid mapping, liquidity behavior analysis, ECM, trend lines, MIDAS, trade cycles, and directional channel projections. Together, these provide a unified view of market structure and momentum. Directional clarity is further enhanced by the capital flow index, which meas
High Low Prediction
ANNA SHCHERBINA
지표
Recommended TimeFrame >= H1. 100% Non Repainted at any moment.  Use it carefully, only with Trend Direction. Trading Usage: 2 Variants: as Range System or as BreakOut System (Both Only With Trend Direction)::: (Always use StopLoss for minimise Risk); [1] as Range System: (Recommended) in UP TREND:  - BUY in Blue Line , then if price goes down by 50 points (on H1) open Second BUY.   Close in any Profit you wish: TrailingStop(45 points) or Close when Price touches upper Gold Line. in DOWN TREND
Trend strength classifier
Vladyslav Goshkov
지표
Классификатор силы тренда. Показания на истории не меняет. Изменяется классификация только незакрытого бара. По идее подобен полной системе ASCTrend, сигнальный модуль которой, точнее его аппроксимация в несколько "урезанном" виде, есть в свободном доступе, а также в терминале как сигнальный индикатор SilverTrend . Точной копией системы ASCTrend не является. Работает на всех инструментах и всех временных диапазонах. Индикатор использует несколько некоррелируемых между собой алгоритмов для класси
FFx Universal Strength Meter PRO MT5
Eric Venturi-Bloxs
지표
FFx Universal Strength Meter PRO is more than a basic strength meter. Instead of limiting the calculation to price, it can be based on any of the 19 integrated strength modes + 9 timeframes. With the FFx USM, you are able to define any period for any combination of timeframes. For example, you can set the dashboard for the last 10 candles for M15-H1-H4… Full flexibility! Very easy to interpret... It gives a great idea about which currency is weak and which is strong, so you can find the best pai
FFx Universal MTF Alerter MT5
Eric Venturi-Bloxs
지표
The FFx Universal MTF alerter shows on a single chart all the timeframes (M1 to Monthly) with their own status for the chosen indicator. 9 indicators mode (MACD-RSI-Stochastic-MA-ADX-Ichimoku-Candles-CCI-PSAR). Each can be applied multiple times on the same chart with different settings. Very easy to interpret. Confirm your BUY entries when most of the timeframes are showing green color. And confirm your SELL entries when most of the timeframes are showing red color. 2 Alert Options : input to s
FFx Watcher Pro MT5
Eric Venturi-Bloxs
지표
The FFx Watcher PRO is a dashboard displaying on a single chart the current direction of up to 15 standard indicators and up to 21 timeframes. It has 2 different modes: Watcher mode: Multi Indicators User is able to select up to 15 indicators to be displayed User is able to select up to 21 timeframes to be displayed Watcher mode: Multi Pairs User is able to select any number of pairs/symbols User is able to select up to 21 timeframes to be displayed This mode uses one of the standard indicators
FFx 4 Patterns Alerter MT5
Eric Venturi-Bloxs
지표
FFx Patterns Alerter gives trade suggestions with Entry, Target 1, Target 2 and StopLoss .... for any of the selected patterns (PinBar, Engulfing, InsideBar, OutsideBar) Below are the different options available: Multiple instances can be applied on the same chart to monitor different patterns Entry suggestion - pips to be added over the break for the entry 3 different options to calculate the SL - by pips, by ATR multiplier or at the pattern High/Low 3 different options to calculate the 2 TPs -
FFx Basket Scanner MT5
Eric Venturi-Bloxs
지표
MetaTrader 4 version available here : https://www.mql5.com/en/market/product/24881 FFx Basket Scanner is a global tool scanning all pairs and all timeframes over up to five indicators among the 16 available. You will clearly see which currencies to avoid trading and which ones to focus on. Once a currency goes into an extreme zone (e.g. 20/80%), you can trade the whole basket with great confidence. Another way to use it is to look at two currencies (weak vs strong) to find the best single pairs
FFx Pivot SR Suite Pro MT5
Eric Venturi-Bloxs
지표
MetaTrader 4 version available here: https://www.mql5.com/en/market/product/25793 FFx Pivot SR Suite PRO is a complete suite for support and resistance levels. Support and Resistance are the most used levels in all kinds of trading. Can be used to find reversal trend, to set targets and stop, etc. The indicator is fully flexible directly from the chart 4 periods to choose for the calculation: 4Hours, Daily, Weekly and Monthly 4 formulas to choose for the calculation: Classic, Camarilla, Fibonac
Spike Detector
Tete Adate Adjete
지표
this indicator is a Spike detector indicator, it is specially designed to trade Boom 1000, Boom 500, Crash 1000 and Crash 500 We recommend using it on Deriv Boom and Crash indices only Its setting is intuitive, familiar, easy to use it has notification functions; audible notifications and push notifications. this tool is simple to use, easy to handle This update is based on different strategies for spikes
BC Scalper Aroow
Tete Adate Adjete
지표
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.
BOOM and CRASH Ultimate Soft
Tete Adate Adjete
지표
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
Boom coins indicator and crash coins
Waleed Hamood Said Al Rawahi
지표
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
지표
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
Magicx
Hasan Abdulhussein
지표
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
CBT Quantum Maverick
Arpit Sharma
1 (1)
지표
CBT Quantum Maverick 고효율 바이너리 옵션 거래 시스템 CBT Quantum Maverick는 정밀하고 간단하며 체계적인 거래를 원하는 트레이더를 위해 설계된 고성능 바이너리 옵션 거래 시스템입니다. 사용자 지정이 필요 없으며, 처음부터 최적화된 결과를 제공합니다. 약간의 연습만으로 신호를 쉽게 마스터할 수 있습니다. 주요 특징: 정확한 신호 제공: 현재 봉 데이터를 기반으로 다음 캔들에 대한 신호를 생성하며, 빈번한 재도색이 없습니다. 다양한 시장에 대한 적응성: 바이너리 옵션 거래에 특화되었으며, 여러 브로커 및 자산 클래스와 호환됩니다. 호환 가능: Deriv Synthetic Charts: 모든 시간 프레임에서 사용 가능. OTC 차트: Quotex, PocketOption, Binomo, Stockity, IQOption, Exnova, OlympTrade, Deriv, Binolla, Homebroker 등의 브로커와 호환(MT5로의 무료 데이터 임
Stabilized dema cross indicator
Ekaterina Saltykova
지표
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
ITF Trend Filter
Mayowa Daniel Sonaike
지표
This strategy focuses on identifying and following clear market trends by filtering out noise and short-term fluctuations. Using advanced algorithms, it highlights significant upward and downward movements, enabling traders to make data-driven decisions. The indicator is designed for simplicity and precision, ideal for traders who prefer a systematic approach to trend trading. Whether you're a beginner or an experienced trader, this tool helps you stay aligned with the dominant market direction
Paradigm Shift
Oliver John Vella
지표
PRICE WILL BE INCREASED TO £4999 SOON! 5 or 15 MINUTE CHART ONLY: A state-of-the-art trading indicator, designed with advanced analytical and mathematical programming, delivers top-tier buy and sell signals. Simply enter a small buy position when a green arrow appears and a small sell position when a red arrow is shown. While signals from this indicator are infrequent, they boast exceptional accuracy when generated. Please apply your own stop-loss and take-profit levels as needed.
In sadiq100
Xssadq Alseydy
지표
مؤشر Smart Trend Candles هو أداة فعّالة في منصة MetaTrader 4، تجمع بين عناصر تحليل فني متعددة لتحديد اتجاهات السوق وقياس قوة المشترين والبائعين. يوفر هذا المؤشر متعدد الاستخدامات إشارات مرئية واضحة تُحسّن قرارات التداول الخاصة بك. الميزات الرئيسية 1. تحديد الاتجاه يستخدم شموع Heikin-Ashi المعدلة (اختياري) لتصفية ضوضاء السوق يتضمن متوسطًا متحركًا (فترة قابلة للتكوين) لتأكيد الاتجاه تنفيذ مؤشر القوة النسبية لقياس الزخم 2. قياس القوة تشير الشموع المرمزة بالألوان إلى شدة ضغط الشراء/البيع تحليل الحج
Dashboard ichimoku trend signal
Francesco Cubello
지표
Advanced Analysis – Total Visual Clarity The Ichimoku Dashboard features three powerful dashboards to deliver precise trading signals based on a proven methodology. The color-coded panel design allows users to instantly identify the status of each monitored financial instrument at a glance. The combined table of the "Ichimoku Dashboard" for MetaTrader 5 is a key component that integrates and synthesizes trading signals generated by the indicators, providing a clear and immediate overview to su
TFM Trend Frequency Market
Fabio Rocha
지표
Trend Frequency Market MT5 Carry out analysis and backtest even before opening your orders, check the strategy's Winrate and stay in favor of the Trend and the strength of the movement. The TFM indicator is specialized in providing you with the strength points of the movement, painting the candles GREEN or RED to report price aggression from the Players who are acting at the exact moment. Taking advantage of this detection, the indicator plots Arrow and Entry, Stop Loss and Take Profit levels
Knight Rider FX
Oliver John Vella
지표
PRICE WILL BE INCREASED TO £4999 SOON! Knight Rider FX is a precision-engineered trading indicator that delivers highly accurate, non-repainting signals without flooding your chart. It filters out noise and selectively highlights only the highest probability trade setups. On higher timeframes, it anticipates major market reversals, while on intraday charts it pinpoints mini reversals with tactical clarity. By focusing on quality over quantity, Knight Rider FX equips traders with disciplined ent
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Euro Escalper
Cristofher Robles
5 (1)
지표
Euro Escalper — Peulopesyeoneol Gigugeup Seukael-ping Jipyo Euro Escalper  eun mobeun jingib-eseo gigugeub jeongmilseong-eul yoguhaneun teuleideoui goseongneung georae jipyo. Hapseong Jisu (Deriv), Forex mich MetaTrader 5 eseo sayong ganeunghan modeun jasan-e jeogyong. Fibonacci giban yudongseong jiyeog, naejang SuperTrend enjin mich silsigan jeonmun daesiboeleu-leul gyeolhap. Juyo Jangjeom Jaegeurim Eobseum: Signal hwasalpyo-neun bong maegam si-eman natanago jeoldae umjigiji ankeo sarajiji anhs
Volality 75 Boom crash VIX
Cristofher Robles
5 (1)
지표
Volatility 75 Boom Crash VIX Pro V2 Volatility 75 Boom Crash VIX Pro V2 is a high-performance trading indicator specifically engineered for Synthetic Indices (Deriv) and Forex . This tool focuses on identifying institutional liquidity zones and generating high-accuracy, non-repainting signals based on Price Action and Fibonacci levels. Key Advantages: No Repainting: Once a signal arrow appears and the candle closes, it will never move or disappear. Institutional Liquidity Zones: Automatically ca
Time Broker Deriv
Cristofher Robles
5 (1)
지표
El indicador "Time Broker Deriv" está diseñado específicamente para su uso en los índices sintéticos Boom y Crash, así como en otros pares de trading disponibles en la plataforma MT5. Su función principal es proporcionar la hora del broker en comparación con nuestra hora local. Es importante destacar que el indicador "Time Broker Deriv" solo muestra la hora del broker.
FREE
Mega Spike Boom Crash
Cristofher Robles
지표
Kalman Velocity Breakout Pro
Cristofher Robles
지표
Kalman Velocity Breakout Pro Kalman Velocity Breakout Pro is an advanced quantitative market regime classifier and breakout detection system for MetaTrader 5. Built upon a high-performance, volatility-adaptive 1D Scalar Kalman Filter , it estimates the true underlying price velocity and acceleration to filter out market noise and isolate high-probability breakout momentum. Unlike standard lagging indicators (like moving averages or standard MACD), this system continuously measures market pressur
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