FX Sniper Magenta indicator for MT5

FX Sniper Magenta Indicator

FX Sniper Magenta is an exclusive and leading indicator to trade Forex with your Metatrader trading platform.
FX Sniper Magenta is able to analyze market participants behavior and to predict changes in the price direction even before movement starts.
Most indicators are lagging indicators and are useless. FX Sniper Magenta is a unique leading indicator.
The indicator displays arrows in your chart (please see screenshot attached) showing the probable direction of price action.
FX Sniper Magenta never repaints. Once candle is closed signal is confirmed and arrow will never disappear.

Inputs of the indicator are:
  • Distance: distance in pixel relative to top or bottom of candle to display the arrow symbol
  • MaxBars: number of bars back used to calculate the indicator
  • TradeDirection (Long/Short/LongAndShort): filter signals for BUY and SELL
  • UseAlerts (true/false): to enable alerts
  • PopAlerts (true/false): to enable alerts of type Popup window
  • EmailAlerts (true/false): to enable alerts of type Email
  • PushAlerts (true/false): to enable alerts of type Push Notification
  • SoundAlerts (true/false) to enable alerts of type Sound
  • SoundFile: file to be used for sound alerts
Size and color of the arrows can be setup in the Color tab of the indicator.


Trading rules:

  • Enter trade at opening of next candle in the direction of the signal (SELL/BUY)
  • Place stop at the top (SELL) or bottom (BUY) of the signal candle or use stop based on ATR
  • Take profit with reward / risk of 2:1 or 3:1

The indicator can be used with any time frame.
It can be used to trade Forex, Stocks, Indices, Futures, Commodities and Cryptos.

Other indicators for MT4:
We developed more than 60 indicators and utilities for Metatrader 4 and Metatrader 5.

Indicators for MT5:
All our indicator are developed both for MT4 and MT5.

List of all our indicators:
👉  You can get the complete list of our indicators visiting our profile page.

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Niveaux mensuels + PinBar + Marubozu + ALERTES (MT5) Version : 2.0 FINAL Auteur : KOUAME N'DA LEMISSA Visão geral Cet indicateur pour MetaTrader 5 fournit une analyse structurée du marché à partir des niveaux de prix, de la reconnaissance des coussins de chandelier et d'un système d'alerte en temps réel. Il aide les commerçants à identifier les zones clés du marché et à obtenir des réactions potentielles au prix des objectifs techniques du secteur. Principais funcionalidades Níveis mensais aut
O indicador destaca as zonas onde há declaração de interesse no mercado e, em seguida, mostra a zona de acumulação de ordens . Ele funciona como um livro de ofertas em escala ampliada . Este é o indicador para o dinheiro grande . Seu desempenho é excepcional. Qualquer interesse que existir no mercado, você verá com clareza . (Esta é uma versão totalmente reescrita e automatizada — não é mais necessário fazer análise manual .) A Velocidade de Transação é um indicador de conceito novo que mostra o
TrendMaestro5
Stefano Frisetti
note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.5 TRENDMAESTRO recognizes a new TREND from the start, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these da
Moon Cycle
Navdeep Singh Kaur
Indicador técnico que utiliza o algoritmo astronómico de Jean Meeus para exibir as fases lunares nos gráficos de trading. Apresenta uma linha curva contínua que representa o ciclo lunar com precisão científica equivalente à de observatórios profissionais. Compatível com qualquer símbolo e timeframe no MT5, incluindo forex, commodities, índices e ações. Inclui um painel informativo que mostra a fase lunar atual, a percentagem de iluminação e os níveis de referência para análise técnica. Configur
IVISTscalp5
Vadym Zhukovskyi
5 (6)
iVISTscalp5 — Sistema de previsão de mercado baseado no tempo iVISTscalp5 não é um indicador comum. É um sistema de previsão baseado no tempo para MetaTrader 5, focado em identificar quando o mercado provavelmente irá se mover. ⸻ Recursos  • Timing preciso  • Previsões BUY / SELL  • Potencial médio de lucro  • Previsão semanal  • 120+ ativos ⸻ Ideia principal O mercado não é movido apenas pelo preço, mas também pelo tempo ⸻ iVISTscalp5 — Sua vantagem no tempo Apresentamos a você o indi
Introduction to X3 Chart Pattern Scanner X3 Cherart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individu
SMC Institutional Suite v3.6 — Professional Smart Money Concept Indicator for MetaTrader 5 What's New in v3.6 — Bug Fix Release Order Block detection improved — Fixed FVG confluence detection using 2-pass scan. OB now appears correctly and consistently. Color settings apply instantly — Changing any color parameter now triggers a full chart refresh. No more needing to switch timeframes. Volumized OB border fixed — Border color now renders as an outline frame only, not a filled overl
The Golden PainX and GainX Spike Indicator is a cutting-edge, advanced trading tool engineered exclusively for the synthetic indices market. It masterfully combines proprietary spike detection algorithms and real-time price action analysis to generate high-probability, non-repainting trade signals with exceptional accuracy. Important( Use only on  PainX 400and GainX 400 (M1 one minute timeframe) Identifies high-probability spikes with non-repainting buy/sell arrows. Sends profit targets and stop
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Fisher Kuskus indicator for MT4
Renaud Herve Francois Candel
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High Low indicator for MT4
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Renaud Herve Francois Candel
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Market Momentum Alerter for MT4
Renaud Herve Francois Candel
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Matrix indicator for MT4 by ITC
Renaud Herve Francois Candel
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OBOS indicator OBOS Indicator is an exclusive indicator to spot entries based on price action. The OBOS Indicator is both effective and user friendly. Indicator uses simple color codes and levels to indicate Overbought and Oversold conditions. No more headache. The OBOS Indicator will only gives you indication when there are possible entries. Means you only get useful information. Inputs of the indicator are: MaxBars : number of bars to display in your chart Smoothing period : number of ba
Trend Direction ADX indicator for MT4 Trend Direction ADX is part of a series of indicators used to characterize market conditions. Almost any strategy only work under certain market conditions. Therefore it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc.. Trend Direction ADX is an indicator to be used to characterize trend direction: trending up trending down ranging Trend Direction ADX is based on ADX standard indicator
Trend Strength MA indicator Trend Strength MA is a part of a series of indicators used to characterize market conditions. Almost any strategy only works under certain market conditions. Therefore, it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc. Trend Strength MA is an indicator to be used to characterize trend strength: Up extremely strong Up very strong Up strong No trend Down strong Down very strong Down extremely stro
Trend Direction Up Down indicator Trend Direction Up Down is part of a series of indicators used to characterize market conditions. Almost any strategy only works under certain market conditions. Therefore it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility. Trend Direction Up Down is an indicator to be used to characterize trend direction (medium term trend): trending up trending down ranging Trend Direction Up Down is based
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