The iPump indicator is a universal indicator that combines the advantages of three types of indicators. You get 4 indicators in 1 product.
- multi-step trend detection (trend indicators)
- determination of resistance and support levels (levels indicators)
- definition of overbought and oversold zones (oscillators indicators)
- Market Screener, allowing you to analyze all the tools in a market review, quickly and conveniently
Instructions for the iPump indicator https://www.mql5.com/en/blogs/post/732102
The indicator appeared in the process of many years of working with financial assets.
The iPump indicator resulted from the desires and requirements for analysis that I personally would like to use for trading.
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- unique calculation algorithm
This algorithm actually helps me and my colleagues in trading, this algorithm is used in the work of the Pump and Dump advisor.
- doesn’t repaint
The indicator will accurately show a signal when the price is oversold or overbought more than usual. That will allow you to make timely decisions about the appropriateness of opening positions.
- doesn’t Lagging
The indicator processes the incoming price data on the state of the price every second, which allows the trader to keep abreast of the traded asset.
Determination of resistance and support levels
As you have probably heard, probably almost all professional traders somehow take into account the levels of resistance and support.
Levels are certainly a powerful tool in the hands of a trader.
Using the iPump indicator, you will be able to assess potential price barriers for an asset in a few seconds.
And also the indicator will tell you what type of level is in front of you:
weak or not tested level
Trading strategy using the indicator
The trading strategy using the indicator is very clear and convenient.
To enter the market, I recommend to have an unidirectional movement of the trend and market tension in the region the average values of the daily oscillator. More details here https://www.mql5.com/en/blogs/post/732102
Further, find the key levels in the ranks of the smaller time frames.
Make purchases from them if the oscillator is in the oversold zone, or sold in the case of the oscillator in the overbought zone.
signals in MetaTrader
You are no longer needed to wait for the price signals to reach .
You can easily control this moment using messages to your mobile, email notifications or signals directly in MetaTrader.
I hope that this indicator will become your favorite tool for a comprehensive analysis of the market.
If you have questions, be sure to write, I will gladly try to help you.
Trend button - filters out all market instruments for which the asset has the desired direction according to the iPump trading strategy.
Button D_Trend - filters out all market instruments for which the asset has the desired direction according to the iPump trading strategy, while the trend is confirmed immediately on 2 time frames.
Color - all variables containing the word color are responsible for the color coloring.
Show Levels true / false - show hiding levels on the chart
Vertical align - Vertical alignment of level names.
Text Size - The size of the letters for the signature levels.
Push Notification - push notifications in the app on mobile.
Alert Wait Time- duration of the alert when the level is reached.
Send Email true / false- Sending email notifications.
Levels Smoothing - smoothing the level zones relative to each other.
Levels Label Shift - the shift in the location of signatures relative to the right edge of the monitor screen.
Fixed display of the indicator when changing the color scheme of the chart. Improved historical data analysis processing.
- added trend display in the Screener market
- Added the ability to select trend pairs for which you can safely take to the daily trading list
- added the ability to sort by trend coincidence on 2 time frames
- Improved data analysis speed, and some other points