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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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Rental/Lifetime Package Options and Privileges  * For optimum results the yearly or lifetime package is suggested due to live training ! Rent Monthly Six Months   Yearly/Lifetime Weis Wave with Speed with Alert+Speed Index x x x Manual  x x x Quick Set up Video x x x Blog x x x Lifetime Updates x x x Setup and Training Material x x Free Rectangle Break Alert Tool      x Discord Access Channel "The SI traders" x 2-hour live methodology training x How to trade with it:    http://
PZ Day Trading MT5
PZ TRADING SLU
2.83 (6)
Este indicador detecta reversões de preços em zigue-zague, usando apenas análise de ação de preços e um canal donchiano. Ele foi projetado especificamente para negociações de curto prazo, sem repintar ou retroceder. É uma ferramenta fantástica para traders astutos, com o objetivo de aumentar o tempo de suas operações. [ Guia de instalação | Guia de atualização | Solução de problemas | FAQ | Todos os produtos ] Surpreendentemente fácil de negociar Fornece valor em cada período de tempo Imple
Elliott Wave Trend was designed for the scientific wave counting. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to sh
"Piranha" - an autonomous trading system that determines overbought and oversold levels on the chart. Red and blue zones represent overbought and oversold levels respectively. Entry points are marked with arrows: a downward arrow in the red zone for "sell" and an upward arrow in the blue zone for "buy". The Take profit level is indicated by the green moving average. Key features: Adjusting the Take profit level as the green moving average changes position. Averaging ability when a new market e
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Fisher Kuskus indicator for MT5
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High Low indicator for MT4
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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
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Fisher Kuskus indicator for MT4
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Matrix indicator for MT4 by ITC
Renaud Herve Francois Candel
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Versão 1.30 2023.07.04
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