The AR Signal indicator has been originally created and modified to use an assistant for trend signal confirmation. It produces signals in the form of arrows. Уou can use it with any trend following indicator. The screenshots feature an example of use of AR Signal with trend indicators. It shows good results on timeframes H1-H4. The best results are obtained on the synthetic Renko charts. You can also try to use it for closing orders (or a set of orders) at an opposite signal. An appropriate m
The purpose of the indicator is drawing an equidistant channel. It is somewhat different from the traditional model. The choice of control parameters is simple and does not require any special description. Enter the calculation interval in hours and the solution to the problem will appear on the screen. Please note that the time involved in calculation of the channel must be greater than the timeframe it will be displayed on. If the parameters you enter are beyond the allowable limits, you wil
Marcus = market customization is 3 in 1 indicator. Universal business tool from professional traders that helps visualizing interesting market situations. Preview markets using price action and sentiment in the market. Three tools necessary to understand the market situation and the anticipation of further movement. Finally, you will see what parquet traders see. With these tools, you will see the important supports and resistances. It shows you the entry of big players on the market. The indi
This indicator is designed for automated drawing of Andrews Pitchfork. The Andrews Pitchfork tool is usually drawn according to three main prices of a chart. The method of finding abovementioned prices was developed on the basis of a thorough study and drawing dozens of Andrews Pitchforks. What we offer in this indicator represents a result of our conducted work. This indicator has particular settings and when you change them, the Pitchfork drawing principle stays the same. And changed data will
The indicator colors bars displaying prices of overbought and oversold areas on the chart. It will help you to estimate moments when market climate changes and the price has its local extreme values. It can be used both independently and as a good supplement to any channel trading system. And this indicator is easy-to-use in expert advisors due to usage of indicator buffers instead of graphical objects. Settings ExtPeriod = 100 — indicator period; Sensitivity = 80 — indicator sensitivit
RENKO arrow is a technical indicator where the basis of RENKO charts plotting is laid. The indicator combines 2 RENKO charts. One having bigger RENKO bricks is responsible for a trend position, another having smaller RENKO bricks is responsible for signal generation. The indicator is designed to assist you in trading. If you download its demo version, you can assess the indicator and quality of its signals. The indicator generates signals in the form of alerts and arrows on the chart which is p
The indicator displays information about open binary option with the nearest expiration. Displayed information from left to right: Order No. | Option type (Call/Put) | Volume (USD) | Points (Difference from an open price) | Time remaining Attention! The indicator is meant for working on exchanges that support binary options trading via MetaTrader and generate information about open orders in Comment field. Inputs Type — type of display Following the price I
Market stalker is an indicator for auto plotting support and resistance lines. It sends an alert if the price comes close to a support or to a resistance line. With this indicator, you don't have to watch your charts all the time, you just wait for an alert. When an alert appears, you check the chart and decide to trade or not to trade according to your entry strategy. I recommend both style breakouts and bounces. Settings DaysHistory—Number of past days with displayed supports and resist
This indicator shows an Up trend (Green square) if a fast MA is above a slow MA and Down trend (Red square) if a fast MA is below a slow MA from all Time Frames for each currency pair. Input parameters: From Symb1 to Symb9. - You may change any of this Symbol to any legal currency pair existed on your platform. Period_Fast = 5; Method_Fast = MODE_EMA; Price_Fast = PRICE_CLOSE; Period_Slow = 21; Method_Slow = MODE_SMA; Price_Slow = PRICE_TYPICAL; Attention: Before using this indicator y
MicroTrendChecker signal indicator tracks symbol price movements on the terminal chart. While there is no trend, it returns Ask levels by points value up and Bid levels by points value down. Input Parameters MaxSpread – maximum spread (it is recommended to set the parameter above the average symbol spread). The parameter is necessary for filtering spread widening during news releases. *wits – first indicator parameter (positive integer value of 2 or higher); *body – second indicator parame
Forex Info This indicator shows information about Account, Symbol, Bars and Order BreakEven Price. Account: the indicator shows such information on account, as server, currency, margin call, leverage, balance, equity and so on. Symbol: in this window the indicator shows such symbol information, as H/L of the day, tick value, swap, digits, spread, stop minimum level, lots step, description and etc. Bars: the indicator shows information about statistics of bars, as trend, average O/C and H/L,
This indicator shows Highs, Lows and midpoints of candles on four time frames. Bullish and bearish. Combination of time frames. Advisable H4, H1, M30, M15 Color by time frame or price movement. Renewed in seconds 0-5 every minute. For strategies based on price action and opening of relevant candles. Supplemented with other indicators.How could we improve it for you? Tell us.
This indicator shows Highs, Lows and midpoints of candles on four time frames. Bullish and bearish. Combination of time frames. Advisable H4, H2, H1, M15 Color by time frame or price movement. Renewed in seconds 0-5 every minute. For strategies based on price action and opening of relevant candles. Fibonacci metric per time frame. Bullish and bearish. Candle Opening Signal of selected timeframe. Supplemented with other indicators.How could we improve it for you? Tell us.
The VI4 indicator sows price movement direction and possible changes of a trend. The indicator does not use input parameters. The algorithm of drawing the histogram is based on parameters of a current bar and history. Permanently low indicator values indicate a flat market. Evenly growing values in one or another direction indicate strengthening of the trend.
This indicator shows a bar in the screen with scrolling text showing a symbol and a value. You can learn more in the Screenshots attached. Indicator Parameters: Symbol x for display - the symbol (ex. EURUSD) to show on the bar Symbol Suffix - suffix of symbol for broker that needs it Text Scrool Speed - text scroll speed in milliseconds (15 default) Text Scrool Step - how many pixels text scrolls after milliseconds (2 default) Text Font Size - text font size in pixels Background Height
Non-repainting Forecast Indicator is a great tool for trading, which accurately produces great signals and helps traders to predict the direction of trend. This indicator is made from its own mathematical algorithm and some common technical indicators. Forecast Indicator does not repaint. It produces signals at the beginning of the candle. Signals never disappear at the current candle after it comes out. Inputs and Settings X = 2; Y = 2; Z = 2; X, Y and Z are optional settings to create si
The indicator is intended for cross-group analysis of currency pairs, and it determines the strength of each currency in a given period of time. The results are displayed in a table. It also displays the graphs of growth of a selected currency comparing to others pairs. In external indicator parameters, you can specify up to 11 currencies for analysis. The indicator will determine the currency pairs which are supported by the broker. If you need a smaller number of currencies you can leave empt
It's an open secret that according to the statistics a price spends most of the time in a channel. That is why strategies, which operate on a principle of the price bounces from the channel borders, are the most attractive. The channel indicator allows to trade using precisely these methods. It will be a good foundation for or a supplement to your channel strategy. One way to use indicator lines is shown in the screenshot. Settings Channel_Period = 34; - channel period Channel_Width = 1
Hidden123Gap (123Gap) is universal business tool from the professional traders that helps to visualize market situation. It previews markets using a price action and a sentiment in the market. The tool is necessary to understand the market situation and the anticipation of further movement. Finally, you will see how traders estimate the market. With this tool, you will see important supports and resistances. It shows you the entry of big players on the market. The indicator works on all timefr
PivotHighLow. Universal business tool from professional traders that helps to visualize interest market situations. It previews markets using a price action and sentiment in the market. Tool is necessary to understand the market situation and the anticipation of further movement. Finally, you will see how traders estimate the market. With this tool, you will see important supports and resistances. It shows you the entry of big players on the market. The indicator works on all timeframes. You
InitialBalance. Universal business tool from professional traders that helps to visualize interest market situations. It previews markets using a price action and sentiment in the market. Tool necessary to understand the market situation and the anticipation of further movement. Finally, you will see how traders estimate the market. Who knows the first steps in the market can estimate the point where the market will stop and reflect! With this tool, you will see important supports and resistan
This indicator shows data from 9 currency pairs by your choice for all 9 Time Frames. If a digital value of the RSI is less or equal to DnLevel = 30 (or whatever number you decided to put) then a Green square will appear. This is potentially an oversold condition and maybe a good time to go Long. If a digital value of the RSI is greater or equal to UpLevel = 70 (or whatever number you decided to put) then a Red square will appear. This is potentially an overbought condition and maybe a good ti
The IndInfoPanel indicator is based on the Three Signals strategy (see screenshots). It includes 4 indicators (UseBollingerBands, UseHeikenAshi, UseSS2009B, UseSS2009C). Parameters of all indicators can be personalized. The indicator shows the price movement direction on each timeframe according to the strategy. Indicator window signals. A blue up arrow means bullish trend. A red down arrow means bearish trend. A yellow arrow means correction. Signals on a price chart. Drawing up and down arro
This indicator shows an Up trend (Green square) if a parabolic SAR value is below the current price, and Down trend (Red square) if a parabolic SAR value is above the current price from all Time Frame for each currency pairs. Input parameters from Symb1 to Symb9 — You may change any of these Symbols to any legal currency pair existed on your platform. step=0.0; — Represents the acceleration factor for PSAR indicator. maximum=0.2; — Maximum value for the acceleration factor for PSAR i
IC is a Forex indicator that detects a possible beginning of a trend. This oscillator has much in common with standard RSI and Momentum. Breakthrough of the level 50 warns of an upcoming trend change at the current symbol. Most probably, the price will move in the direction of the level breakthrough. The indicator line approaching the level 50 may indicate possible correlation or changing of a trend. The indicator divergence from the price chart indicates that the current trend is weakening.
The Famous Wall Street Table Prices! The indicator show continuously the asset prices scroll. Indicator Parameters Speed - The speed with which the indicator moves Size - The font size of prices Distance - The distance between prices Depth - The depth in the upper part of the indicator window Final Correction - Depending of the assets name length, it can happen the text disappears before destination. Thanks to this parameter this error can be corrected Color Up - When the d
This indicator is designed for drawing equidistant channels. Two options are available: based on the number of hours in the indicator calculation and by the number of bars. To draw a channel, enter a number 1 or greater. The maximum value is limited by the amount of visible bars. If the parameters you enter are beyond the allowable limits, you will get notified if the indicator restrictions. Please note that the time involved in calculation of the channel must be greater than the timeframe it
CTL is a Forex indicator in the form of a line in a separate window. The indicator moves relative to the zero level. Crossings with this level provide market entry signals. Downward crossing is for sell, upward one is for buy. M30 and higher timeframes are preferable. The product works on all timeframes and 28 symbols. Forward-looking signals are sometimes detected at the end of a trend when the indicator line reverses. The indicator signals should be filtered by other tools.
Color change indicator is a trend Forex indicator. Two color moving average informs about change in market situation via its color change and by crossing a price chart. The indicator has three parameters: period, type of moving average, and price which is taken into account. The indicator can be set for scalping and intraday trading. But it should be noted that moving average type has a great impact on indicator readings.
NTLine is a trend Forex indicator. Uses moving average principle. It has two adjustable parameters: period and sensitivity. The second one regulates aggressiveness in selection of enter and exit points. Crossover of the price chart and the indicator line in the same direction serves as an opening signal. I recommend using oscillators or this indicator but with smaller period and higher sensitivity to close positions. Works on all time frames and currency pairs.
Stochastic RSI is a Forex indicator. It runs in a separate window. There are two crossing lines: fast – Stochastic, slow – RSI. Up crossing generates buy signals. Down crossing generates sell signals. We recommend to verify signals on another timeframes. Also filter signals with other indicators. Works on all timeframes and currency pairs.
SM (Stochastic-Momentum) is a Forex indicator. Represents a combination of two standard indicators of the МТ terminal. This is an another attempt to combine two indexes in one window. And these indexes should generate relatively fast enter and exit signals. Signals of this indicator combination should be interpreted as follows: downwards and below the line 0 – short entry is possible, upwards and above the line 0 – long position.
Currency Strength Visualizer (C.S.V) shows you the strength of each currency fast and intuitively in real time. You will be able to figure out which is the proper currency to trade at the moment with C.S.V. At this moment, are you wondering when is the best timing of opening/closing position? Do you need support to determine which of currency pairs are opportune to trade on now? You can determine the trade signal using your favorite one or two symbol charts but also overview of currency streng
Are you looking for a new profitable trading strategy? Do you already have one but want to improve it? Do you want automatic information from almost all standard indicators? If so, Strategy Improver is the tool you are looking for. Strategy Improver gives you the chance to work easily, just with a few clicks, with many different strategies using standard indicators. It's the perfect tool you would like to add to your trading, or expert advisors, so you can avoid losing operations that did not g
DT Oscillator is a smoothed version of StochRSI. Its interpretation is the same as Stochastic, though DT oscillator gives improved signals. The oscillator consists of 2 lines which produce buy and sell signals based on their crossovers. In particular, when the blue line crosses upwards the light blue line we have a sell signal; if the light blue line crosses downwards the blue line, then we have a buy signal. Main settable options Parameters that can be modified are the following: DTOsc_
Intraday cycles of Average True Range (ATR). Three types of ATR are drawn on one chart: Buffer0 - fast ATR, i.e. average true range for the number of bars specified in the BARS parameter; Buffer1 - slow ATR, i.e. average true range for the number of days specified in the DAYS parameter; Buffer2 - cyclic ATR, i.e. average range value of a bar for this time of a day calculated for the number of days specified in the DAYS parameter.The largest outliers and gaps are not taken into account
This indicator shows Commodity Channel Index (CCI) data from 9 currency pairs by your choice for all 9 Time Frames. If a digital value of the CCI is less or equal to DnLevel = -100 (or whatever number you decided to put) then a Green square will appear. This is potentially an oversold condition and maybe a good time to go Long. If a digital value of the CCI is greater or equal to UpLevel = 100 (or whatever number you decided to put) then a Red square will appear. This is potentially an overbou
The indicator shows statistics in case of lock (opposite) trading. It is often hard to track total balance of open positions if you trade in two directions at the same time. This indicator shows BUY/SELL overbalance in lots, as well as balance in each direction. It will also be useful in grid trading and when you move the account from the drawdown in case of forcible locking. Font size, arrangement in a window, color are adjusted.
The Tesla Power Trends is a very easy and intuitive visual indicator that works with the most probable combinations to predict where the trend is going. It is based on current feed and updated each coming tick. This is a great tool for all investors. What you see in the Screen Pair Symbol and Arrow (An arrow from the right side shows the main trend. That means that the present trend is very steady and strong to that direction). EURUSD <-- (Red
The efficient Heart indicator with zones of volatility. The Heart indicator is displayed as a histogram. Recommendation: trade when there are abnormal bursts of the indicator. It works on any time frame and currency pair. Sensitive to volatility jumping. Indicator Parameters IPeriod - indicator period
Price Band forms a static or dynamic channel around the price and follows the movement by giving two values (frontiers). The price should not stay above the red curve or below green (blue) curve without "Correct position by returning between the two curves", but if the horizontal distance between those two curves decreases, that means the price is in a strong uptrend (strong downtrend). Horizontal trend: when the distance between the blue and the red curves is maximal, the price move between t
Trend Stop indicator detects changes in a trend for a selected time period. Its secondary objective is suggesting optimal stop levels. Place all your stop orders below Trend Stop line for uptrend and above Trend Stop line for downtrend. Trend Stop shows the highest/lowest value of the last N periods. Calculation Depending on the current trend direction, this will be the highest high of last N periods for downtrend or the lowest low of the last N periods for uptrend. Trend change is cons
This indicator shows bands (flexible corridor) for a current price movement and the change of trend. The indicator can be used on any time frames and currency pairs. The following input parameters can be easily changed for your needs: nPeriod = 13; - number of bars which the indicator will use for calculation Deviation = 1.618; - coefficient for bands distance from the middle line MaShift = 0; - shift from current bar
BarTrend is a trend Forex indicator. It colors bars. The indicator has one adjustable parameter - a period. It paints all bars in 1 of 6 colors depending on the period and market situation: trend, flat, correlation. It works on all timeframes and currency pairs, but we recommend using it on highly volatile pairs or at the moment of breakthrough after flat.
Multi Timeframe Indicator includes a lot of functions and can be considered as a universal helper for a trader. It's main objective is to display up to 10 indicators at a time using just one small brick per each of them. These indicators involve Awesome Oscillator, CCI, DeMarker, MACD, RSI, RVI, Stochastic, Larry Williams' Percent Range, Bulls Power and Bears Power. An important function of the indicator is an ability to monitor signals from different timeframes. You can choose different combina
The market is very dynamic and we need to think of a dynamic for addressing market that is so random. Dynamic Level is the depiction of Support and Resistance based on Time Cycles. The indicator works with Pivot points. It is a trader's assistant in determining support and resistance. This dynamic indicators of levels produces several types of support and resistance levels. One of the indicator lines is meant to show the limits of support and resistance that could be seen from the chart. The li
This is a linear indicator of a currency power having the ability to filter by smoothing values. It shows the current power of selected currencies (the maximum number is 8), as well as historical values. The product is based on CPM Extended. Calculation depends on the selected chart timeframe the indicator is launched at. iPeriod - number of bars used to analyze currency power. HistoryBars - number of calculated bars on history. The parameter affects execution time during the first launch. I
DSZ Smart Volume indicator displays the current and future values of the volume. Every instrument has its own personality which comes from events like market openings, lunch times, news releases and night. DSZ Smart Volume simply analyzes volume statistically to create volume distribution over day. Volume bars are red if values are below average and green when above. The line represents volume distribution over a day. Colored band in the bottom represents volume distribution. Interpretation R
The Pin Bar Scanner indicator scans symbols listed in the Market Watch or all symbols available on the MT4 Terminal. The indicator produces two categories of alerts, a Forming type alert for pin bars being formed, and a Formed type alert for pin bars completely formed on a closed bar. A dashboard also displays a list of both categories of symbols that meet the criteria specified. Indicator Settings A. Main Settings Wick Percentage: Percentage threshold for the bars wick (tail). This is
Directed Accumulation of Volume for Scalping shows direction a trend is predisposed to. Wait for divergence of the indicator and a price to enter the market (divergence means a situation when the price is growing or is not falling, and the indicator is falling). The screenshot below demonstrates an example of SELL entry. Do quite opposite to enter a BUY position.The idea to develop such indicator came over me when I realized what really moves a price — greed and fear fortified by hope. G
DeMarker (DeM) indicator is another member of the Oscillator family of technical indicators. Traders use the index to determine overbought and oversold conditions, assess risk levels, and time when price exhaustion is imminent. This indicator shows DeMarker data from 9 currency pairs of your choice for all 9 timeframes. If a digital value of DeM is less or equal to DnLevel = 0.3 (or whatever number you decided to put), Green square appears. This is potentially an oversold condition and may be
Spread Trading Basics The basic principle of Spread trading (Pair Trading) is to first identify two assets (they can be stocks, indices, commodities) that show a good historic correlation. Despite a good long-term correlation, sometimes this pricing makes on Asset A to be relatively cheap or expensive compared to Asset B. It can be certain news or just some buying or selling pressure in one of the assets causing the prices of A and B to diverge. The most commonly traded strategy is "Revert to
The ChannelTrend indicator is a trading system, which allows to analyze the market from various aspects of a technical analysis. The first aspect is a price channel, which is built in an automatic mode and enables a trader to see the main direction of price movement. It also enables to analyze the market using a channel strategy (breakout and bounce off channel lines). Block 2 represents SAR system that gives general information about micro-movements in the market and serves as a confirmation s
This indicator is based on the idea of a popular Trend Trigger Factor indicator. The indicator determines a price movement direction comparing high and low of the current candle with high and low of a price for a longer period. The indicator parameters longTTFbars - number of candles to calculate the price movement direction for a longer period of time (cannot be less than 2) shortTTFbars - number of candles to calculate the price movement direction for a shorter period of time (cannot be l
The Average Directional Index (ADX), Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system. This indicator shows ADX data from 9 currency pairs by your choice for all 9 Time Frames. Input parameters From Symb1 to Symb9 - you may change any of this Symbol to any legal currency pair existed on your platform. MainLine = false; - if TRUE then the ADX measures trend strength without regard to tr
This indicator shows reversal bar patterns* including these patterns: Reversal Day Key Reversal Day Outside Reversal Day Outside Key Reversal Day Signal Day Gap Signal Day Snap-Back Reversal Day Indicator Settings Show Alert: Alerts if any reversal bar pattern happens. Show Reversal Day Pattern: Shows Reversal Day Pattern if enabled. Show Key Reversal Day Pattern: Shows Key Reversal Day Pattern if enabled. Show Outside Reversal Day Pattern: Shows Outside Rev
This indicator automatically builds an alternative set of resistance and support lines based on areas where price are concentrated (instead of extremum points). The algorithm utilizes Linear Hough Transform (Wikipedia). New lines are used for trading in the similar way as in the classical approach, that is they indicate points for possible reversal or breakthrough in the future price actions. Yet their main advantage is that they cover most populated and consistent price regions, discovering a
This trend indicator can be used both for intraday trading and long-term trading depending on its timeframe. The indicator paints bars according to the trend movement. Red bars - down trend, green bars - up trend, yellow bars - uncertainty zone. It has several adjustable parameters which allow to fine-tune the indicator for any trading instrument. Application The following can be used for pending order trading: set "CurrentBar = false" in the indicator's settings - in this case the current bar
The indicator plots 5 Fibonacci retracements according to recommendations about trend lifetime given by V.V. Pershikov. All lifetime parameters can be customized. Retracements are plotted at the moment of attaching the indicator to the chart and at the moment of scaling. It is made for increase in productivity. If the indicator re-plots on every tick, its operation will be slowed down due to abundance of calculations which come from check of 61.8 level breakthrough. Plotting can be changed manua
DSZ Smart ATR indicator displays the current and future values of the True Range. Indicator analyzes volatility statistically and create Average True Range distribution over day. Unique future is that time frame of indicator can be set freely from main window allowing to have different perspective. Bars are red if values are below average and green when above. Benefits Gives true value of ATR filtered from data from non regular trading time. Indicates significant candles when they exc
The indicator generates a signal to open buy orders (arrow up) or sell orders (arrow down). Can also be used as a signal to close previously opened order. For example, a buy signal can be considered as a signal to close an order previously opened for selling. The indicator works on higher and lower timeframes. The indicator can be used in strategies based on channel trading. Minimum number of settings: w = 0 - draws arrows. w = 1 - draws lines instead of arrows (useful if there are too many
Important: for the correct font in the Menu, please download and install the "Agency FB" font! BO - DayTrading is a perfect tool for traders who trade Binary Options! It is based on candle analysis, several oscillators and trend indicators. The signals consist of a buffer in a separate window, a vertical line in the main window and a horizontal line ("entry line") in the main window. BO - DayTrading has two options to trade: 60 Seconds Long termUse "60 Seconds" function only on M1 Ch
This indicator is designed for H1 and H4 timeframes (TF) only. No input parameters because it is tuned to these two TF. It draws two step-like lines: a main Silver line and a signal Red line. These two lines are calculated so that to enhance the filtration of the market noise. Buy when the main line goes above the signal line. Sell when the main line goes below the signal line.
Supplement for Alpha Trend Spotter (ATS) Indicator: https://www.mql5.com/en/market/product/8590 This indicator acts by price action. Use it when ATS shows clear Bullish or Bearish Trend for finding the strongest trend each day. Suitable for timeframes M5, H1, H4 and D1. Suitable for Binary Option 5 minutes signal. How to Use: RED Arrow means Sell GREEN Arrow means Buy
This indicator works on every currency pairs and time frames (TF). One input parameter: nPeriod - number of bars for histogram calculation. I recommend to optimize nPeriod value for each TF. If Green histogram poles are crossing the zero line from below then Long position may be opened. If Red histogram poles are crossing the zero line from above then Long position may be opened.
The Trading System indicator is a fully functional trading system suitable for both novice and experienced traders. Timeframe is from M5 to H4, settings are optimized for any mentioned timeframe (no adjustable settings). Examples of the system operation can be seen in screenshots. The simplest example of its operation is Buy and Sell signals and level of probable breakthrough rollback, which is plotted basing on data from all available timeframes (a vertical line on the chart is also a signa
Want to know if to go long or short on any currency pair? 5TT Currency Strength Index is the answer! 5TT Currency Strength Index is a unique indicator for determining the short-term strength of any currency. Each currency strength is determined by an index of the currency with the strength of 7 other major currencies. The indicator is constantly monitoring price action across 28 currency pairs and 56 combinations; taking the following into consideration Price volatility. Short-term pric
Alpha Trend Spotter (ATS) Volume Break Out This is an indicator that combines Volume breakout/breakdown and Moving Average Breakout/breakdown. It is able to predict further price changes. It is not repainted, not recalculated. All lines are shown at the open of a new candlestick, never winking or vanishing in the current candle. These lines are appeared at the beginning of the current candle. Suitable for M5 to D1 Timeframe. How to Use: If Green line appears, that shows the "oversold" area,
Magneto IV is a universal product combining several algorithms (can both work as a trend indicator and find points for opening positions). First of all it is designed for intraday scalping. The indicator should be used on H1 and higher. Magneto IV has 3 built-in filters which determine trend and position opening. You can combine filters in settings. Parameters Sensitivity – sensitivity (the bigger the value is, the less number of entry points are found). Mode – select a method of smoothing a