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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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
Göstergeler
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
Göstergeler
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
Göstergeler
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
Göstergeler
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)
Göstergeler
CBT Quantum Maverick Yüksek Verimli İkili Opsiyon Ticaret Sistemi CBT Quantum Maverick, hassasiyet, basitlik ve disiplinli ticaret arayan yatırımcılar için tasarlanmış yüksek performanslı bir ikili opsiyon ticaret sistemidir. Özelleştirme gerekmez—bu sistem, ilk kullanımda etkili sonuçlar için optimize edilmiştir. Sinyalleri kolayca anlamak için biraz pratik yapmak yeterlidir. Ana Özellikler: Hassas Sinyaller: Yeni mum bazlı ticaret sinyalleri—mevcut mumdan sonra gelecek mum hedeflenir ve sık
Stabilized dema cross indicator
Ekaterina Saltykova
Göstergeler
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
Göstergeler
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
Göstergeler
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
Göstergeler
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
Göstergeler
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
Göstergeler
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
Göstergeler
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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5 (1)
Göstergeler
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5 (1)
Göstergeler
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
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Cristofher Robles
5 (1)
Göstergeler
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Cristofher Robles
Göstergeler
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Cristofher Robles
Göstergeler
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