Royal Wave Pro
Royal Wave is a Trend-Power oscillator based on a price adaptive algorithm that runs statistical analyses on the price movement to predict and locate low-risk entry zones and exit zones. Its rich alerting system generates well-timed trading signals that give the trader enough time to make proper logical trading decisions.
The MT4 version is available here.
- Trend-Power Algorithm
- Low-risk Entry Zones and Exit Zones
- Predictions for Overbought and Oversold areas
- Rich Alerting System ( Sound Alerts, Phone Notifications, Zone Flasher, ... )
- Oscillator range from 0 to 100 makes it easy to understand the signal
- Multi-Timeframe and Multi-Currency Analysis
- Signal Matrix
- Cross Window
- No Repaint
If you're not reading this from mql5.com click here.
- Please don't hesitate to contact me directly if you have any question or difficulty related to this product. You will get instant responses to your questions sent through MQL5 messenger or other contact methods specified here.
- Watch the tutorial video at the end of this description.
- Don't forget to subscribe to my youtube channel.
- Read the What's new section of this page to learn more about the latest updates and improvements.
Trend and Power
The value of the oscillator represents the current power of the trend which oscillates between 0 and 100. When the power is rising, a yellow color indicates a strong uptrend and a blue color indicates a strong downtrend. A decreasing power shows consolidation which means there is no trend in the price and the trader should wait for the entry zone.
Gives an informative view of several symbols vs all timeframes in one matrix. Each cell of this matrix is a brief representation of a symbol’s price behavior from a single timeframe.
See and compare data from an arbitrary symbol and timeframe within a chart with a different symbol and timeframe. This tool can be used to develop multi-symbol and multi-timeframe strategies.
- Use different values for Alpha and Beta. Test both 0.1 and 0.2 values for Alpha on different timeframes.
- Alerting functions, Signal Matrix, and Cross Window might not work in the test process properly. it's the MetaTrader restrictions for playing sounds and drawing objects in the strategy tester.
|Symbol, Timeframe||Text||The indicator symbol and timeframe can be different from its chart symbol and timeframe.|
|Sensitivity||0.0 to 1.0||0.6||Makes the oscillator sensitive to local price movements. The closer to one, the more sensitive the oscillator gets.|
|0.0 to 1.0|| Alpha = 0.2
Beta = 0.05
To catch longer trends and for noise canceling increase Alpha and Beta. To get a global conformation for the trend you can add a second Royal Wave with a higher timeframe or higher values of Alpha and Beta.
|Smooth Period||1 to …||5|| Makes the signal smoother. Enter 1 if smoothing is not required
||true / false||
Indicator specifications: -Based on ATR -Multi-timeframe. -Can be integrated in Expert Advisors(has buffer). -works on all time frame all kind of markets. -High accuracy. -For greater efficiency can optimize its settings. -You do not need to see the signal, you can enter the trade by hitting the price on the upper and lower bands. Version MT4: https://www.mql5.com/en/market/product/53508 Push Notification To get notification on your smart phone enable this input Email Alert
This is an advanced multi-timeframe version of the popular Hull Moving Average (HMA) Features Two lines of the Hull indicator of different timeframes on the same chart. The HMA line of the higher timeframe defines the trend, and the HMA line of the current timeframe defines the short-term price movements. A graphical panel with HMA indicator data from all timeframes at the same time . If the HMA switched its direction on any timeframe, the panel displays a question or exclamation mark with a tex
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
"The trend is your friend" is one of the best known sayings in investing, because capturing large trendy price movements can be extremely profitable. However, trading with the trend is often easier said than done, because many indicators are based on price reversals not trends. These aren't very effective at identifying trendy periods, or predicting whether trends will continue. We developed the Trendiness Index to help address this problem by indicating the strength and direction of price trend
Magic Finger 能帮助你清晰的发现趋势及交易机会。此系统根据经典策略加上个人交易经验制作。您也可以根据此指标加上您的交易风格去编写EA。 手指指向为开仓信号，变色线为趋势确认。如果您是日内交易者，可以选择在交易活跃的时间段内交易，参考变色线作为下单方向依据，手指信号作为过滤器。 如果你是趋势交易者，可以选择在H1以上的周期，在关键价格区域等待手指信号的出现，并入市交易，然后以变色线作为趋势的确认。 止损可以止损圆点作为依据。 输入参数如下： RISK 5 MONEY RISK 2.0 AlertOption ********************************* Local Alert true TimesOfAlerts 2 E-Mail Alert false App PUSH Notification false ***ADR Option** ********************************* Display ADR true ATR Period 18 Normal Col
Price Breakout pattern Scanner is fully automatic and powerful geometric analysis for traders and investors. It can detects following patterns automatically from your chart. Head and Shoulder - Common tradable pattern. Reverse Head and Shoulder - This pattern is the reverse formation of the Head and Shoulder. Double Top - When the price hits resistance level twice and decline toward the support level, the trader can anticipate sudden bearish breakout through the support level. Double Bottom - Th
A scalping indicator based on mathematical patterns, which on average gives signals with relatively small SL, and also occasionally helps to catch big moves in the markets (more information in the video) This indicator has three main types of notifications: The first type warns of a possible/upcoming signal on the next bar The second type indicates the presence of a ready signal to enter the market/open a position The third type is for SL and TP levels - you will be notified every time price r
Did You Have A Profitable Trade But Suddenly Reversed? In a solid strategy, exiting a trade is equally important as entering. Exit EDGE helps maximize your current trade profit and avoid turning winning trades to losers. Never Miss An Exit Signal Again Monitor all pairs and timeframes in just 1 chart ► www.mql5.com/en/blogs/post/726558 How To Trade You can close your open trades as soon as you receive a signal Close your Buy orders if you receive an Exit Buy Signal. Close your Sell orde
The indicator identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular and hidden divergences. It has a RSI filter option which makes it possible to filter out only the strongest setups. Features Can detect divergences for the following oscillators/indicators: MACD, OsMA, Stochastics, RSI, CCI, RVI, Awesome, ADX , Composite index , ATR, OBV, MFI and Momentum . Only one oscillator/indicator can be selected. Draws solid lines for regular/classica
The best time to trade Using this Indicator is when the time reach exactly hour,half,45 minutes,15 minutes and sometimes 5 minutes This indicators is helpful to those who trade boom and crash indecies.How to read this indicator first you'll see Blue allow and Red allow all these allows used to indicate or to detect the spike which will happen so the allow happens soon before the spike happen.This indicator works properly only in boom and crash trading thing which you have to consider when y
No Demand No Supply This indicator identifies No Demand –No Supply candles to your chart and plots volume bars colored according to the signal. It can be applied to all timeframes or to a specific one only. It can also be used as regular volume indicator with exceptional future of WEIGHTED VOLUME. Furthermore is has an alert notification, sound and email when a signals occurs. The VSA (Volume Spread Analysis) definition for No Demand and No supply is as follows: No Demand (no buyers-potent
The indicator determines the true support/resistance levels in the interpretation of Tulegen Urazaliev . 1.When a white candle is followed by black and a black candle is followed by white, that is, the color of the candles changes alternately. The support level is drawn through the Low of the white candle, the resistance level - through the High of the black candle. 2.When a white (black) candle is followed by multiple black (white) candles. The resistance level is drawn through the High of the
Buy Sell Strength (BSS) is a technical analysis oscillator, showing bullish (buy) and bearish (sell) strength by comparing upward and downward stock momentum movements. The BSS is easy to interpret: 1. When BBS Histogram is Green, it is bullish, when it is Red, it is bearish. 2. BSS is considered overbought when it is closer to Top Line and oversold when it is closer to Bottom Line. 3. When it shows Buy signal near the Bottom line, it is a more reliable signal. 4. Sound, Pop-up message, Push
Breakthrough Solution For Trend Trading And Filtering With All Important Features Built Inside One Tool! Trend Pro's smart algorithm detects the trend, filters out market noise and gives entry signals with exit levels. The new features with enhanced rules for statistical calculation improved the overall performance of this indicator. Important Information Revealed Maximize the potential of Trend Pro, please visit ► www.mql5.com/en/blogs/post/713938 Test the demo version and explore its feature
Follow The Line This indicator obeys the popular maxim that: "THE TREND IS YOUR FRIEND" It paints a GREEN line for BUY and also paints a RED line for SELL. (you can change the colors). It gives alarms and alerts of all kinds. IT DOES NOT REPAINT and can be used for all currency pairs and timeframes. Yes, as easy and simple as that. Even a newbie can use it to make great and reliable trades. NB: For best results, get my other premium indicators for more powerful and reliable signals. Get them
This version of the Traders Dynamic Index has the redrawing of the historical data eliminated, the algorithm calculation speed optimized, more external parameters for a more precise adjustments, and its functionalities extended: added the selection of the initial oscillator and the smoothing methods of the averages. Parameters Mode Osc - estimation oscillator selection; Period Osc - the calculation period of the oscillator used; Price Osc - applied price for the oscillation calculation; Osc vo
The TrendLine PRO MT5 indicator is a version for MT5 of the popular INFINITY TrendLine PRO indicator (mt4). The calculation of indicator signals is based on the frequency range of the market. The INFINITY TrendLine PRO indicator is based on an analysis of the average range of price (ATR). It shows the trend change, entry point and recommended TakeProfit and StopLoss levels. TrendLine PRO does not redraw the trend line and does not change trading levels. Trade Utility EA for AUTO/SEMI-AUTO/MANUAL
This is an MTF indicator of support and resistance levels based on Advanced ZigZag Dynamic and/or Extended Fractals indicator extremums with price labels (can be disabled). More higher TFs can be selected for MTF mode. By default, the levels are generated based on ZigZag indicator dots. Fractals indicator dots can also be used together with ZigZag or instead of it. In order to simplify the use and save CPU time, calculation is performed once per each bar at its opening. Parameters ForcedTF - cha
Moving Average RAINBOW Forex traders use moving averages for different reasons. Some use them as their primary analytical tool, while others simply use them as a confidence builder to back up their investment decisions. In this section, we'll present a few different types of strategies - incorporating them into your trading style is up to you! A technique used in technical analysis to identify changing trends. It is created by placing a large number of moving averages onto the same chart. When a
SuperTrend Alerts adds alerts to the widely popular SuperTrend indicator. As the name suggests, SuperTrend is a trending indicator which works best in trendy (not choppy) markets. SuperTrend is extremely popular for intraday and daily trading, and can be used on any timeframe. Place a call when the price closes above the SuperTrend line, and place a put when the price closes below the SuperTrend line. These crossovers are highlighted by non-repainting up/down arrows. Alerts Email, message and
Trajecta Power is a Trading Signal Indicator Platform using evolutionary, non-repainting, and self adjusted algorithms of Trajecta Labs. Trajecta Power Signals: 1-Limit A, 2-Limit B, 3-Fast A, 4-Fast B, 5-Fractal A, 6-Fractal B, 7-Action A, 8-Action B, 9-Swing A, and 10-Swing Exclusive Advantages of Platform Version: Backtesting: from 2,000 bars to 50,000 bars Fast signal selection: 10 signals to test for each timeframe Panel personalization: adjustment of panel mode of exibition Descriptio
The best time to trade Using this Indicator is when the time reach exactly hour,half,45 minutes,15 minutes and sometimes 5 minutes.. This indicators is helpful to those who trade boom and crash indecies.How to read this indicator first you'll see Blue allow and Red allow all these allows used to indicate or to detect the spike which will happen so the allow happens soon before the spike happen.This indicator works properly only in boom and crash trading thing which you have to consider when
(FOR MT5) Breakout Scanner Multi Pair And Multi Time Frame : This indicator has been designed to automatically identify high probability breakout patterns. And it does this by finding very strong, symmetrical pennants and triangles. IMPORTANT FACTORS TO KEEP IN MIND: Pennants and triangles are some of the best possible entry areas. As they allow you to have excellent risk and reward ratios. And this is one of the most important factors in the institutional trading world. PLEASE NOTE:
Free automatic fibonacci is an indicator that automatically plots a fibonacci retracement based on the number of bars you select on the BarsToScan setting in the indicator. The fibonacci is automatically updated in real time as new highest and lowest values appears amongst the selected bars. You can select which level values to be displayed in the indicator settings. You can also select the color of the levels thus enabling the trader to be able to attach the indicator several times with differe
KT Renko Patterns scans the Renko chart brick by brick to find some famous chart patterns that are frequently used by traders across the various financial markets. Compared to the time-based charts, patterns based trading is easier and more evident on Renko charts due to their uncluttered appearance. KT Renko Patterns features multiple Renko patterns, and many of these patterns are extensively explained in the book titled Profitable Trading with Renko Charts by Prashant Shah. Features Tra
Advanced ideas of the popular MACD indicator: It detects and displays classic and reverse divergences (two methods of detecting divergences). It uses different color to highlight an uptrend and a downtrend. Two methods of determining a trend: а) MACD crosses the 0 level (classic signal); б) MACD crosses its own average (early signal). This is a multi-timeframe indicator: it can display MACD data from other timeframes. Two methods of drawing: classic histogram and line. It generates sound and vis
This Indicator draws Fibonacci Fan levels in two different ways. You can select whether to draw Fibonacci Fan levels based on your favourite ZigZag settings or you can let the indicator to draw Fan levels based on given number of bars or candles. You can also set Mobile and Email notification for your favourite Fan levels individually. With this indicator you will not have to feel lonely as the it can generate Voice alerts, which will keep you focused on your trading and remove boredom. Prod
这是MetaTrader 5的通用自动EA交易，用于标准指标。 UniversalEA 构造函数EA提供了大量函数。 您可以选择20个信号中的一个来开仓，20个过滤器中的5个用于挑选MetaTrader包中包含的标准指标的信号。 此外，您可以调整指标参数，选择时间范围并为每个信号指定信号条。 注意！新的通用贸易顾问 Exp - xCustomEA 致力于自定义指标： Exp MetaTrader 5 的xCustomEA Exp MetaTrader 4 的xCustomEA Description on English 如果您想购买自动交易顾问，请查看我们的 TickSniper ！ EA包含以下功能： 反趋势平均， 在趋势方向上的额外开放， 追踪止损， 收支平衡， 以总利润或亏损结算， 虚拟止损，获利和追踪止损， 能够使用头寸或挂单/限价单， 鞅， 抛物线追踪止损， 缩编限制功能， 按时间和周日交易 和许多其他人.... 您也可以下载X EA for MetaTrader 4终端 The X for MT4 有关EA设置的完整手册和说明，请访问 我们的博客
The indicator displays the delta and the cumulative delta based on the "Time & Sales" deals list data. In addition to the standard timeframes, the indicator displays data regarding the seconds timeframes (S5, S10, S15, S20, S30) to choose from. Using the rectangle, user can select an arbitrary area in the indicator subwindow to view the ratio of the volumes of deals of buyers and sellers within this area. Input variables: Ticks - size of history. Mode - indicator modes: Chart - price chart.
If you want to have a higher timeframe Royal Wave indicator in the current symbol just input the timeframe, for example, write H4.
2. Symbol Inversion. you can now use the inverse of a symbol. Write it as, for example -EURUSD or -*CAD or -USD*). Adding a – sign before the name of a symbol makes it inverse. This way you can have the same base currency or quote currency for all signals in the Signal Matrix.
3. Better alerting settings
4. Email alert
5. Bug fixes and performance improvements