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Gold Indicator

5

This indicator uses horizontal lines to identify support and resistance levels based on Zigzag legs and On-Balance Volume (OBV) analysis. Here is a summary of how the indicator works:

  1. Resistance and Support Lines:

    • A horizontal line above the current price level indicates resistance.
    • A horizontal line below the current price level indicates support.
  2. Drawing Horizontal Lines:

    • Draw horizontal lines on every Zigzag leg within the last X legs, where X is a specified number (e.g., 10).
    • Only the most recent top and bottom legs are considered.
  3. Price Movements and OBV Validation:

    • When the price rises:

      1. Identify a previous Zigzag upper leg above the current price level.
      2. Draw a horizontal line at the Zigzag leg and a vertical line connecting to the OBV window.
      3. Draw a horizontal line on the OBV window where the vertical line crosses.
      4. The horizontal line is solid if the current OBV is higher than the previous OBV, and dotted if lower.
    • When the price falls:

      1. Identify a previous Zigzag lower leg below the current price level.
      2. Follow similar steps to draw horizontal and vertical lines as above.
      3. The horizontal line is solid if the current OBV is higher than the previous OBV, and dotted if lower.
  4. Valid and Invalid Support/Resistance:

    • A valid support/resistance line is shown as a solid red line.
    • An invalid support/resistance line is shown as a dark dotted line, indicating it is easy to break.
  5. Chart Timeframe:

    • The indicator operates on the current chart timeframe.
    • If no Zigzag leg is found within the history limit, the indicator looks back in history until the most recent Zigzag leg is found.




Bewertungen 1
Abraham Correa
2637
Abraham Correa 2024.06.23 03:21 
 

It seems to place the zigzag indicator into a subwindow which doesn't seem like much but it does seem vital. It bring detection of trends in price and would be personally be best to have another indicator join its activity. Good.

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5 (14)
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Wir stellen vor       Quantum Breakout PRO   , der bahnbrechende MQL5-Indikator, der die Art und Weise, wie Sie mit Breakout-Zonen handeln, verändert!   Quantum Breakout PRO   wurde von einem Team erfahrener Händler mit über 13 Jahren Handelserfahrung entwickelt und soll Ihre Handelsreise mit seiner innovativen und dynamischen Breakout-Zonen-Strategie auf ein neues Niveau bringen. Der Quantum Breakout Indicator zeigt Ihnen Signalpfeile auf Breakout-Zonen mit 5 Gewinnzielzonen und Stop-Loss
DERZEIT 31% RABATT! Die beste Lösung für jeden Newbie oder Expert Trader! Dieser Indikator ist ein einzigartiges, qualitativ hochwertiges und erschwingliches Handelsinstrument, da wir eine Reihe von proprietären Funktionen und eine geheime Formel eingebaut haben. Mit nur EINEM Chart liefert er Alerts für alle 28 Währungspaare. Stellen Sie sich vor, wie sich Ihr Handel verbessern wird, weil Sie in der Lage sind, den genauen Auslösepunkt eines neuen Trends oder einer Scalping-Gelegenheit zu e
ICT, SMC, SMART MONEY CONCEPTS, SMART MONEY, Smart Money Concept, Support and Resistance, Trend Analysis, Price Action, Market Structure, Order Blocks, BOS/CHoCH,   Breaker Blocks ,  Momentum Shift,   Supply&Demand Zone/Order Blocks , Strong Imbalance, HH/LL/HL/LH,    Fair Value Gap, FVG,  Premium  &   Discount   Zones, Fibonacci Retracement, OTE, Buy Side Liquidity, Sell Side Liquidity, BSL/SSL Taken, Equal Highs & Lows, MTF Dashboard, Multiple Time Frame, BigBar, HTF OB, HTF Market Structure, 
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The Investment Castle Chances indicator will show signals on the chart for entering a buy or sell trade. There are 2 types of signals for each direction as follows: Buy / Sell (Orange colored candlesticks) Strong Buy   (Green colored candlesticks)  / Strong Sell  (Red colored candlesticks) You may place a buy trade once you see the Buy arrow or vise versa, or you might prefer to wait for a further confirmation “Strong Buy” / “Strong Sell”. This indicator works best with the high time frames H1,
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Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
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Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
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Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
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Investment Castle RSI Divergence MT5
Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
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5 (2)
The Investment Castle Chances indicator will show signals on the chart for entering a buy or sell trade. There are 2 types of signals for each direction as follows: Buy / Sell (Orange colored candlesticks) Strong Buy (Green colored candlesticks)  / Strong Sell  (Red colored candlesticks) You may place a buy trade once you see the Buy arrow or vise versa, or you might prefer to wait for a further confirmation “Strong Buy” / “Strong Sell”. This indicator works best with the high time frames H1, H
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Trailing Step, Trailing Stop and Stop Loss as we used see how Pro traders used to make consistent profit. Traders who prefer the Stop Loss and Trailing Step trading style can use this EA to power their trading strategy and leverage from the movement of the price towards the Take Profit line with the continuous movement of the SL line. What is special about this EA is that it will immediately open the next trade in the opposite direction once the price hits SL. The EA has a built-in News Filter,
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Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
4 (1)
The Spots Expert Advisor is the automated trading bot was created using the Spots indicator based on the common candlestick patterns such as: engulfing, hanging man, doji etc. The main objective for creating this EA is to have a fully automated and low drawdown bot. I'm sharing the first set file on the website, please feel free to optimize it for other pairs and with your forex broker using the preset parameters.
Multi TimeFrame Moving Average MT5
Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
Unlock the power of the market with the Investment Castle Multi Time Frame Moving Average Indicator. Simplify your trading journey by easily identifying trends and pullbacks across multiple time frames on one convenient chart. This indicator is a must-have tool for any serious trader. Available for MT4 and MT5, and exclusively on the MQL5 market, customize your experience by adding as many indicators as you need on the chart, each with their own unique time frame or period.   Enhance your strat
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Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
Welcome to Investment Castle products   This product is exclusively available in the MQL5 market and is not available and will not be available anywehere else. The Combined indicator is a multi-time frame indicator and it is built using 3 indicators: Bands indicator which draws the support and resistance key levels   using up to 5 different time frames Patterns indicator which draws the chart patterns using up to 6 different time frames Spots indicator which shows the common candlestick pattern
Investment Castle II MT5
Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
The Investment castle II ea trading robot has a variety of features, including: The ability to remember open positions, their take profit and stop loss levels if the VPS or terminal is restarted. The ability to remember trade buttons and their setup if the VPS or terminal is restarted. The ability to plot profit/loss on a chart, but only when the user runs the visualizer and on live charts. It automatically disables this feature when backtesting or optimizing settings for improved speed and perf
Plain
Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
This is a semi-automatic Expert Advisor that opens trades automatically based on the direction you set using the trade sell / buy on the panel. The magic of this EA is that it recognizes the objects that you draw on the chart by closing the open positions at key levels, it will notify you through the mobile notification, then it will wait for the next direction. It opens orders continuously regardless of the time frame of the chart. So you don't have to stay on a lower time frame. Instead, you c
Reborn
Ahmed Alaaeldin Abdulrahman Ahmed Elherzawi
Reborn is a trading robot that follows the trend and it is built on the  Investment Castle Indicator . Traders can choose from different strategies built-in inside Reborn as follows: For Automated trading: SL and TP Kill and switch the direction of the next trades and recovering the previous trade closed in loss. Martingale Martingale with SL Kill and switch with martingale for switching the direction of the next series and recover the previous series as well. The Kill and switch is a game chang
Auswahl:
Abraham Correa
2637
Abraham Correa 2024.06.23 03:21 
 

It seems to place the zigzag indicator into a subwindow which doesn't seem like much but it does seem vital. It bring detection of trends in price and would be personally be best to have another indicator join its activity. Good.

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