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Prometheus Trade Engine MT4

Prometheus Trade Engine is an indicator that combines price action, ratio based indicator with custom indicators& other lagging indicators to create this leading indicator that has a multi-timeframe approach to trading so that you are able to see what other timeframes are doing all in one chart and give you high probability trade setups to assist you to make a prediction on what is MOST likely to happen in the market going foward

Chart Features

1. Reversal Zone

  • It is the rectangular box on your chart which is based on a close approximation to 50% & 61.8% fibonacci retracement levels over the high-low period of 100 bars.
  • By default, Blue rectangle is set to indicate that you are temporarily on a LONG trend with 50% above & 61.8% below;
  • Red rectangle is set to indicate that you are temporarily on a SHORT trend with 61.8% above & 50% below. It is drawn automatically so when the trend changes the tool redraws it automatically depending on your timeframe of choice.
  • It gives you a level where bulls and bears battle it out on who will dominate future price moves
  • When the Reversal Zone holds then price will bounce off that zone but when the Reveral Zone is breached it gives you a[leading]indication ahead of time that the current trend is MOST likely about to change so adjust your trading rational appropriately
  • When there is NO retracement level available then there will be NO Reversal Zone thus NO Price Move, so you stay out of the market

2. Price Action Signal

  • It is the arrow displayed on a specific candle. These arrows are NOT buy/sell arrows but rather price action signals.
  • It can be reversal signals or trend continuation signals, this will depend on where it appears on your chart. They DO NOT repaint
  • Scenarion I: If you have a bullish arrow on a bullish candle then price is most likely going to shoot LONG;If its a bearish arrow on a bearish candle then price is most likely going to collapse SHORT.
  • Scenarion II: If its a bullish arrow on a bearish candle then price is most likely going to move LONG momentarily before collapsing SHORT;If its a bearish arrow on a bullish candle the price is most likely going to move SHORT momentarily before shooting LONG
  • DO NOT rely only on these signals but use them together with the other indicators to increase your probability for some signals will undoubtedly fail but if you use them with the rest of the indicators then you have an edge;
  • You can even use a failed signal to your advantage

3. Price Move - It is based on where price is relative to the reversal zone; Above = bullish moves; Below = bearish moves

4. Daily Move - It is based on where price is relative to the daily open

5. Daily Index - It is based on current price relative to the open-high-low-close price of the daily candle; scale is 0 to 100 [0 = daily open & 100 = new high or new low]
   The higher the value the further the price is to the open; The lower the value the closer price is to the open

6. Analysis

  •    Trend Strength - Displays the overall strength of the trend; Scale is 50 to 100 [50 = weak & 100 = strong]
  •    Asset Strength - Displays the strength of the asset; Scale is 0 to 9 [0 = weak & 9 = strong]
  •    Strength Index [RSI] - Displays the RSI level
  •    MACD - Displays whether the MACD is above or below zero
7. Average [Moving Average] - Displays a multi time frame approach of where price is relative to the set moving average above or below

8. Momentum - Displays set momentum bullish or bearish across each time frame

9. Direction [ADX] - Displays set average directional movement index bullish or bearish across each timeframe

10. Market Sentiment -  Displays the traders choice of market direction call or put

Parameters

Period Settings

  • Average Period       - Set period for Moving Average, default set to 50 [Recommended]
  • Momentum Period      - Set period for Momentum, default set to 14 [Recommended]
  • Direction Period     - Set period for ADX, default set to 14 [Recommended]
  • Stength Index Period - Set period for RSI, default set to 14 [Recommended]
  • Reversal Zone Alert  - Set alert screen pop-up message, default set to TRUE [Optional]
Color Settings
  • Symbol Color  - Set color symbol on your chart, set to [Black 40,40,40] for Blackboards [Default] & DarkGray for Whiteboards [Recommended]
  • Panel Color   - Set color for the right hand panel, set to White for Blackboards [Default] & DarkGray for Whiteboards [Recommended]
  • Value Color   - Set color for values on the Analysis Section, set to Black for Blackboards [Default] & White for Whiteboards [Recommended]
  • Bullish Color - Set color for bullish indicator move, set to DodgerBlue for Blackboards [Default] & Green for Whiteboards [Recommended]
  • Bearish Color - Set color for bearish indicator move, default set to Red for Blackboards & Whiteboards
  • Flat Color    - Set color for flat indicator move, set to Yellow for Blackboards [Default] & Gold for Whiteboards [Recommended]
  • ReversalZoneLong Color  - Set color for LONG Reversal Zone, set to Blue for Blackboards [Default] & Green for Whiteboards [Recommended]
  • ReversalZoneShort Color - Set color for SHORT Reversal Zone, default set to Red for Blackboards & Whiteboards
  • Timeframe Color         - Set color of current chart timeframe, default set to Magenta for Blackboards & Whiteboards

Trade Setups

1. Reversal Bounce

Take a Reversal Bounce trade when price has bounced off the SHORT/LONG Reversal Zone based on HIGH PROBABILITY CONFLUENCE from Prometheus Trade Engine &
price action signal. Price MUST close INSIDE/BELOW the SHORT reversal zone for a PUT OR INSIDE/ABOVE the LONG reversal zone for a CALL.The closer the price
is to the Reversal Zone the better the entry
 
2. Reversal Breach

Take a Reversal Breach trade when price has breached through the SHORT/LONG Reversal Zone based on HIGH PROBABILITY CONFLUENCE from Prometheus Trade Engine &
price action signal. Price MUST close INSIDE/ABOVE the SHORT reversal zone for a CALL OR INSIDE/BELOW the LONG reversal zone for a PUT.The closer the price
is to the Reversal Zone the better the entry

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Indicadores
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5 (2)
Indicadores
Indicador de painel de visão de mercado FOREX COMPLETO Este é um indicador personalizado criado para dar aos Traders uma visão completa do que está acontecendo no mercado. Ele usa dados em tempo real para acessar o mercado e exibir todas as informações necessárias para fazer uma negociação bem-sucedida. INSTALAÇÃO: Antes de anexar este indicador ao seu gráfico de janela, vá para o painel Market Watch do seu MT4 e OCULTE todos os pares de moedas que você não precisa ou negocie e deixe o
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Sukunthakan Ngernbamrung
Indicadores
Connect Indicator is a tool used for connecting indicators between the MQL market and MT4. The connected indicators are made by our group and can be used for other applications, such as sending messages to the Line application or Telegram application. If you have any questions, please don't hesitate to ask us to receive support. Function and indicator buffer Buffer one is the high price of the previous candle. Buffer two is the high price of the previous candle. Usage To connect indicators to fu
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Tat Dat Nguyen
Indicadores
Idea: RSI ( Relative Strength Index) and CCI ( Commodity Channel Index ) are powerfull to solved the market.  This indicator has Smoothed Algorithmic signal of RSI and CCI. So that, it separates the market into buy and sell zones, these areas are marked with arrows, red for downtrend, green for uptrend. This algorithm has the effect of predicting the next trend based on the historical trend, so users need to be cautious when the trend has gone many candles. Please visit screenshots
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Indicadores
DESCRIPTION The CHAOS INDICATOR has been developed to be used for the TRADING STRATEGY OF CHAOS, as described in the book. The book is in italian language only and can be obtained only on my website indicated below. DATAS COLLECTED AND SHOWN ON GRAPHS The CHAOS INDICATOR apply easily to any graph and any asset, and it is a TRADING FACILITATOR, as it identify immediately the following items on any graph: - The GP (= RIGHT PRICE) i.e. the price to which the asset should be attracted within 24
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Indicadores
Desvende o poder da negociação de opções binárias com o "Indicador Eagle Eye" para o MT4 Prepare-se para embarcar em uma jornada transformadora no mundo das opções binárias com o impressionante "Indicador Eagle Eye" para o MetaTrader 4 (MT4). Esta ferramenta revolucionária está pronta para revolucionar sua experiência de negociação, trazendo precisão cirúrgica e rentabilidade inigualável. Adentre um mundo onde as fronteiras do potencial são rompidas e os lucros são maximizados, graças à precisão
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5 (1)
Indicadores
This indicator is based on the mathematics of the great trader W.D. Ganna. With its help, you can easily find strong levels by analyzing swings to find the optimal entry point. The indicator works on all instruments and all timeframes. The indicator is fully manual and has control buttons. All you need to do is press the NEW button, a segment will appear, which you can place on any movement, swing or even 1 candle that you want to analyze. By placing the segment, press the OK button. A grid (th
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5 (3)
Indicadores
Difícil de encontrar e com pouca frequência, as divergências são um dos cenários de negociação mais confiáveis. Este indicador localiza e verifica automaticamente divergências ocultas e regulares usando seu oscilador favorito. [ Guia de instalação | Guia de atualização | Solução de problemas | FAQ | Todos os produtos ] Fácil de trocar Encontra divergências regulares e ocultas Suporta muitos osciladores conhecidos Implementa sinais de negociação baseados em fugas Exibe níveis adequados de
PZ Swing Trading
PZ TRADING SLU
5 (4)
Indicadores
Swing Trading é o primeiro indicador projetado para detectar oscilações na direção da tendência e possíveis oscilações de reversão. Ele usa a abordagem de negociação de linha de base, amplamente descrita na literatura de negociação. O indicador estuda vários vetores de preço e tempo para rastrear a direção da tendência agregada e detecta situações nas quais o mercado está sobrevendido ou sobrecomprado em excesso e pronto para corrigir. [ Guia de instalação | Guia de atualização | Solução de prob
BB Reversal Arrows
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Indicadores
O sistema de comércio técnico de setas de reversão do BB foi desenvolvido para prever pontos reversos para tomar decisões de varejo. A situação atual do mercado é analisada pelo indicador e estruturada para vários critérios: a expectativa de momentos de reversão, possíveis pontos de virada, sinais de compra e venda. O indicador não contém informações em excesso, possui uma interface visual compreensível, permitindo que os comerciantes tomem decisões razoáveis. Todas as setas parecem fechar
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5 (1)
Indicadores
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Paulo Rocha
5 (1)
Indicadores
ECM Elite Channel é um indicador baseado na volatilidade, desenvolvido com um algoritmo de tempo especifico, que consiste em encontrar possíveis correções no mercado. Este indicador mostra duas linhas exteriores, uma interior (linha de retração) e um sinal de seta, onde a teoria do canal consiste em ajudar a identificar condições de sobrecompra e sobrevenda no mercado. O preço do mercado cairá geralmente entre os limites do canal. Se os preços tocarem ou se moverem para fora do canal é uma
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Indicadores
This indicator identifies and displays zones, as it were areas of strength, where the price will unfold. The indicator can work on any chart, any instrument, at any timeframe. The indicator has two modes. The indicator is equipped with a control panel with buttons for convenience and split into two modes. Manual mode: To work with manual mode, you need to press the NEW button, a segment will appear. This segment is stretched over the movement and the LVL button is pressed. The level is displayed
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