This indicator displays Pivot-Lines, preday high and low, preday close and the minimum and maximum of the previous hour. You just have to put this single indicator to the chart to have all these important lines, no need to setup many single indicators.
Why certain lines are important
Preday high and low: These are watched by traders who trade in a daily chart. Very often, if price climbs over or falls under a preday low/high there is an acceleration in buying/selling. It is a breakout out of a daily range.
Prehour high and low: Are watched by breakout traders who trade in the hourly chart. The opening range breakout strategy (see Toby Crabel) uses the hourly range of the past hourly candle and trades the breakout at the market opening. Placing stop loss near the hour lines may be very effective.
Pivot Points: Pivots stem from the former pit traders who needed a quick and rough orientation of the situation of the price. Today still many traders look at these points. When trading, the pivot point, the supports (s1, s2, s3) or resistances (r1, r2, r3) cause the price to slow down or even turn.
Pivot Point = (high + close + low)/3 (preday)
r1 = (2 * pivot) - low
s1 = (2 * pivot) - high
r2 = pivot + (r1 - s1)
r3 = high + (2* (pivot - low))
s2 = pivot - (r1 - s1)
s3 = low - (2*(high - pivot));
All the other lines are derived from the history of MetaTrader 5.
The colors of the lines and labels can be customized.
Why did I program this indicator
As I started with MetaTrader 5 about a year ago I did not find any matching indicator. As I used it every day, I thought that it could be of use for other traders too.
This indicator is used in conjunction of my Opening Range Breakout robot I will publish soon. I plan to make this indicator "speaking". So it will be possible to "trade what you see and hear".
Issues and disclaimer
I use this indicator for about half a year, in general, it runs well.
On Mondays it might show wrong numbers, it might be, that it takes data from Saturday.
There is no guarantee for this product in no way.
12.7.2018, Terence V. Gronowski "SwissTrader"
Follow The Line This indicator obeys the popular maxim that: "THE TREND IS YOUR FRIEND" It paints a GREEN line for BUY and also paints a RED line for SELL. (you can change the colors). It gives alarms and alerts of all kinds. IT DOES NOT REPAINT and can be used for all currency pairs and timeframes. Yes, as easy and simple as that. Even a newbie can use it to make great and reliable trades. NB: For best results, get my other premium indicators for more powerful and reliable signals. Get them
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Metatrader 5 version of the famous Andre Machado's Tabajara indicator. If you don't know Andre Machado's Technical Analysis work you don't need this indicator... For those who need it and for those several friend traders who asked this porting from other platforms, here it is... FEATURES 8-period Moving Average 20-period Moving Average 50-period Moving Average 200-period Moving Average Colored candles according to the inflexion of the 20-period MA SETTINGS You can change the Period of all M
The original author is David Weis, an expert in the Wyckoff Method. The Weis Wave is a modern adaptation of the 1930's Wyckoff Method, another expert in Tape Reading techniques and Chart Analysis. Weis Waves takes market volume and stacks it into waves according to price conditions giving the trader valuable insights about the market conditions. If you want to learn more about this subject you can find tons of videos in YouTube. Just look for "The Wickoff Method", "Weis Wave" and "Volume Spread
The Penta-O is a 6-point retracement harmonacci pattern which usually precedes big market movements. Penta-O patterns can expand and repaint quite a bit. To make things easier this indicator implements a twist: it waits for a donchian breakout in the right direction before signaling the trade. The end result is an otherwise repainting indicator with a very reliable trading signal. The donchian breakout period is entered as an input. [ Installation Guide | Update Guide | Troubleshooting | FAQ | A
Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings and engulfing detector
Did You Have A Profitable Trade But Suddenly Reversed? In a solid strategy, exiting a trade is equally important as entering. Exit EDGE helps maximize your current trade profit and avoid turning winning trades to losers. Never Miss An Exit Signal Again Monitor all pairs and timeframes in just 1 chart ► www.mql5.com/en/blogs/post/726558 How To Trade You can close your open trades as soon as you receive a signal Close your Buy orders if you receive an Exit Buy Signal. Close your Sell orde
Cycle Kroufr indicator (for MT5)is a simple cycle indicator to show the cycle in market. Cycle indicators are very useful to see the real movement of market , you can open buy position when line of cycle cross level 20 from below to up in the uptrend or open sell position when line of cycle cross level 80 from up to below in the downtrend in market.you can use this indicator as filter too. only look for buy position when the line of indicator upper 50 level or just look for sell position whe
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Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
Breakdowns of price levels, advanced statistics, TakeProfit calculation and 3 types of notifications. Benefits: Do not redraw your results Signal strictly at the close of the candle False Breakdown Filtering Algorithm It goes well with any trending strategy. Works on all tools and timeseries How to trade with the indicator Trading with AW Breakout Catcher in just three easy steps: Step 1 - Opening a position A buy signal was received with a success rating of more than 70% Step 2 - De
The TrendLine PRO MT5 indicator is a version for MT5 of the popular INFINITY TrendLine PRO indicator (mt4). The calculation of indicator signals is based on the frequency range of the market. The INFINITY TrendLine PRO indicator is based on an analysis of the average range of price (ATR). It shows the trend change, entry point and recommended TakeProfit and StopLoss levels. TrendLine PRO does not redraw the trend line and does not change trading levels. Trade Utility EA for AUTO/SEMI-AUTO/MANUAL
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This indicator is an extended implementation of Weis waves. It builds Weis waves on absolute volumes (which is the classical approach) or delta of volumes (unique feature) using different methods of wave formation and visualization. It works with real volumes, if available, or with tick volumes otherwise, but also provides an option to use so called "true volume surrogates", as an artificial substitution for missing real volumes (for example, for Forex symbols), which was introduced in correspo
⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1. Read the basic description of our simple trading system & and it's major strategy update in 2020 2. Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat Lighthouse is an amazing precise and reliable support and resistance indicator. It displays the most important trading levels and draws them according to their relevance. If a level is clearly br
The Missing Edge You Need To Catch Breakouts Like A Pro. Follow a step-by-step system that detects the most powerful breakouts! Discover market patterns that generate massive rewards based on a proven and tested strategy. Unlock Your Serious Edge Get it here ► www.mql5.com/en/blogs/post/723208 Have access to the game changing indicator that will take your trading to the next level! How To Trade Execute your trades in 3 Easy Steps! Step 1: Trade Setup Enter a signal if Success Rate is
Smooth Aroon is a version of the Aroon Up and Down with smoothing and filtering. Features : Smoothing : You have smoothing from 0 to 99 . To smooth a signal, find the maximum value of the points in question then set the smoothing level above the maximum value. For example : If you want to smooth all signals below 30, then you should set the smoothing level above 30 This also smooths all signals above 70, since the Aroon Up and Down Oscillates between 0 and 100. Filtering : If you only
⭐⭐⭐⭐⭐ I am glad to welcome you on the page of my product - I am its author Vasily Strukov.⭐⭐⭐⭐⭐ The most important task of the trader is to discover the trend and follow it. Peace - a trend indicator, used to determine the current trend. I use it to set the trading direction for the Idea Pro mt5 adviser (trade buy or trade sell). It works on all instruments - forex, indices, oil, gold, stocks and all time frames. Recommended time frame H1. For any questions you can write me a message here
⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1. Read the basic description of our simple trading system & and it's major strategy update in 2020 2. Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat Following the smart money is finally possible! FX Volume is the FIRST and ONLY volume indicator that provides a REAL insight into the market sentiment from a broker's point of view. It provides awesom
This is new indicators based on supply and Demand ,This indicator was designed to help those who trade Breakouts actually i use to design Boom and crash things but now i brought to you this indicator which you can use to currencies,CDFs etc. THIS INDICATOR WORKS ON EVERY TIMEFRAME BUT I PREFER HIGHER TIMEFRAMES . Works on 1m,5m,15m,30m etc. COLOURS. -Pure red stands for resistance zone -Pure green stands for Support zone -There is a colours which stands for weak breakouts and retests. Boom a
⭐⭐⭐⭐⭐ Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones . You will not only be able to show a higher timeframe but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES . All Supply Demand traders will love it. :) Important Information Revealed Maximize the potential
*All In One System Indicator, Breakthrough solution for any Newbie or Expert Trader ! Message Me Immediately After Purchase For Installation Help and V.I.P Access With Additional Strategies BlueDigitsFx Explains How To Use The System In Detail : https://youtu.be/fIOWwWuE5ZQ BlueDigitsFx's Easy 1 2 3 System is an all in 1 Indicator with a variety of options to work with. Performs Amazingly with a Market Base Line for example; 50ema, 200ema, Kijun sen,... Performs Amazingly with a si
Pivot points are mathematically calculated points that result from major price levels. They are used to identify significant levels of purchases and sales. Pivot prices are calculated based on the previous day's price development. You can use them as targets or as support and resistance. The indicator has many functions to choose from, such as choosing the pivot calculation from the relevant formulas, you can also change the calculation time to daily weekly or monthly.
Gold Stuff mt5 is a trend indicator designed specifically for gold and can also be used on any financial instrument. The indicator does not redraw and does not lag. Recommended time frame H1. Telegram group here telegram channel here SETTINGS Draw Arrow - on off. drawing arrows on the chart. Alerts - on off audible alerts. E-mail notification - on off. email notifications. Puch-notification - on off. Push notifications. Next, adjust the color gamut.
Como o próprio nome já diz, este é um oscilador de exaustão. Porém, talvez você se pergunte: o que o difere de outros osciladores como RSI, Stocástico, CCI etc? A diferença é que o nosso é mais poderoso e preciso! Nosso oscilador filtra o ruído causado por outros osciladores, e te mostra somente o momento exato de entrar na operação. Claro que utilizá-lo sozinho, como qualquer outro indicador, tem seus riscos. O ideal é conciliá-lo com análise técnica e/ou outros indicadores. Emissor de sinais p
The balance of supply and demand is a simple and effective market analysis method. The supply and demand diagram can show you in advance, even before the trend reversal, where the supply ends and the demand is already emerging, where the demand ends and the supply is emerging, while substantially increasing the probability of making a deal in the right direction and with a high profit factor. Indicator signals The indicator uses the price/volume values to generate signals: ED – excess demand.
Important Note : 1. Active Signals Performance via TREND LINE MAP INDICATOR ( Daily Update ) ► Click Here 2. Our Trend system composed of 2 Indicators : 2.1 Trend Screener Indicator , it will display Market Trend, Trend Line in the chart,Stoploss per signal..etc. 2.2 Trend Line Map Indicator , it will display Buy and Sell as a dashboard, the active signals profit/loss...etc. If you don't have Trend Screener Indicator in your MT4 folder, Trend Line Map will not
Este é o indicador de Timing famoso Agora você pode usar o indicador de Timing mais famoso do planeta. O milionário Mostafa Belkhayate ganhou sua reputação usando este indicador específico para validar os sinais de entrada fornecidos por seu também famoso indicador do mercado Forex Center of Gravity . Passei horas, dias, semanas para decifrar a fórmula e agora ele está finalmente disponível para você. Novo e único para MetaTrader 5 O Timing lhe dará validações perfeitas para seus sinais de ent
Important Note : 1. Active Signals Performance via TREND LINE MAP INDICATOR ( Daily Update ) ► Click Here 2. Trend Line Map is a Trend Line Scanner based on Trend Screener Indicator. Please make sure that you get Trend Screener Pro before getting Trend Line Map indicator. 3. If you don't have Trend Screener Pro Indicator, the Trend Line Map Pro it will not work. 4. How to turn your Metatrader to Forex Screener ? 4.1 Trend Screener : MT4 version || MT5 version
Breakthrough Solution For Trend Trading And Filtering With All Important Features Built Inside One Tool! Trend Pro's smart algorithm detects the trend, filters out market noise and gives entry signals with exit levels. The new features with enhanced rules for statistical calculation improved the overall performance of this indicator. Important Information Revealed Maximize the potential of Trend Pro, please visit ► www.mql5.com/en/blogs/post/713938 Test the demo version and explore its feature
Este é sem dúvida o indicador de reconhecimento automático de formação de preço harmônico mais completo que você pode encontrar para a MetaTrader Platform. Ele detecta 19 padrões diferentes, leva as projeções de Fibonacci tão a sério quanto você, exibe a Zona de Reversão Potencial (PRZ) e encontra níveis adequados de stop loss e take-profit. [ Guia de instalação | Guia de atualização | Solução de problemas | FAQ | Todos os produtos ] Detecta 19 formações harmônicas de preços diferentes Tr
The combination of trend and breakdown levels in one system. An advanced indicator algorithm filters market noise, determines the trend, entry points, as well as possible exit levels. Indicator signals are recorded in a statistical module, which allows you to select the most suitable tools, showing the effectiveness of the signal history. The indicator calculates Take Profit and Stop Loss marks. Important information: To use the full potential of the indicator, we strongly recommend that you
VTrende - MTF indicator for trend trading with a display panel for MT5 Although the signals of the VTrende indicator can be used as signals of a full-fledged trading system, it is recommended to use them in conjunction with the Bill Williams TS. The main task of the indicator - is to determine the points of change in the direction of the trend. The indicator signal appears in two versions: Advance - when the trend ends To be continued - when the trend is already on The indicator sho
Addition to the standard Relative Strength Index (RSI) indicator, which allows to configure various notifications about the events related with the indicator. For those who don't know what this indicator is useful for, read here . This version is for MetaTrader 5, MetaTrader 4 version - here . Currently implemented events: Crossing from top to bottom - of the upper signal level (default - 70) - sell signal. Crossing from bottom to top - of the upper signal level (default - 70) - sell signal. Cro
Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Commodities, Metals, Cryptos. The Kangaroo Tail is a simple and very effective pattern to trade. The strategy that comes with the Kangaroo Tail is purely based on price action. Inputs : CandleSizeATR: filter signals depending on the size of candle (0.5 to 1.5 recommended range of values) TradeDirection (Long/Short/LongAndShort): filter signals for BUY and SELL Distance: distance in pixel relative to top or bot