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Cobra Levels

Introducing

Cobra Levels

Watch the Tutorial video of backtest and accuracy : here

This strategy is based on the concept that prices will revert to their mean or average value over time.

  • Identify the mean price: Calculate the levels e.g. U4 U5 or D4 D5
  • Wait for the price to move away from the mean (Middle Line) before taking action.
  • Buy and sell signals:
    • Buy: When the price falls below the lower threshold.
    • Sell: When the price rises above the upper threshold.


These are 6 sets of levels with two frequency modes which works on universal market including forex, crypto, commodity, nifty and banknifty and other markets. They are published after best research on financial instruments. The purpose of these levels are to trade reversal crash and boom, use them to watch for overbought and oversold market condition and understand the market cycle of any symbol

The upper levels are called U1 to U5 and the lower levels are called D1 to D5
Market may drive in either internal channels upto U3 or D3 in normal condition or external channels U4 to U5 or D4 to D5 in volatile condition. When price reaches U3 U4 U5 or D3 D4 D5, the chances of reversal are very high and a trader should wait for a closing of a candlestick to confirm the entry and may trade with valid risk management.


This indicator offers you to shift the levels distance by customization options in indicator settings. A user can customize the levels by adding + or - points from the adjustment setting.

1. They are working on Timeframe : M1, M3, M5, M15, H1 and H4 only.
2. Suitable for intraday , swing and positional trading methods
3. Help finding in best overbought and oversold turning points based on research as compared to any other indicator
4. Dynamic Levels : Level value changes as per time every minute but when price pass the criteria to reach these levels in any condition, a cycle is followed up and reversal can be seen.
5. Include Alerts ad Push Notification


For more info regarding trading strategy, You can contact me via DM.

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** All Symbols x All Timeframes scan just by pressing scanner button ** *** Contact me  to send you instruction and add you in "123 scanner group" for sharing or seeing experiences with other users. After 17 years of experience in the markets and programming, Winner indicator is ready. I would like to share with you! Introduction The 123 Pattern Scanner indicator with a special enhanced algorithm is a very repetitive common pattern finder with a high success rate . Interestingly, this Winner in
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Siarhei Vashchylka
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Bill Williams Advanced is designed for automatic chart analysis using Bill Williams' "Profitunity" system. The indicator analyzes four timeframes at once. Manual (Be sure to read before purchasing) Advantages 1. Automatically analyzes the chart using the "Profitunity" system of Bill Williams. The found signals are placed in a table in the corner of the screen. 2. Equipped with a trend filter based on the Alligator indicator. Most of the system signals are recommended to be used only accordi
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IX Power   finally brings the unbeatable precision of FX Power to all your trading symbols. It accurately determines the intensity of short, medium and long-term trends in your favourite indices, stocks, commodities, ETFs, and even cryptocurrencies. You can   analyse everything   your terminal has to offer. Try it out and experience how   your timing improves significantly   when trading. Read about our latest strategic development -  Easy scalping with IX Power Visit our all-new   Stein Inve
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Rajesh Kumar Nait
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Indicators
Market structures are the one which when breakout in higher timeframe may help clears a trend to a trader. 1. This indicator will draw ZigZag to only last 2 structures (previous high and low of ZigZag ) and a new bar of ZigZag will be only formed when break of structure happens 2. It gives Terminal and Push notificationon break of structure 3. Increase and Decrease Extdepth of ZigZag from "[" and "]" keys to adjust swing 4. Change colors of Line AB BC and CD 5. Add to many charts and get alerts
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Rajesh Kumar Nait
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Multi Symbol Double Click anywhere on chart to set price alert and get notified from Terminal Alert or Push Notification 1. Add the EA Utility on chart 2. Browse chart by <- left or -> right arrow keys 3. Double click anywhere on chart and it will add a line, drag this line to set your desired price and voila, alert is set! When price will reach to the line it will notify you with either terminal or push notification as per utility's settings.  This alert will keep working even if you restart te
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Rajesh Kumar Nait
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Control Candle is the candlestick which holds multiple inside bars and are in control until its high low range is broken by close of any candlestick. When control candle is broken, price may act on these control candle as support and resistance. This indicator create rectangles on chart which will help you find control candles fast. Control candle indicator box is customizable by color, style, width and other options in indicator settings.
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This indicator allows you to show fibonacci levels labels with big font size . It supports up to 25 fibonacci levels - As soon as you draw fibonacci it shows the levels you added as input parameter with big font size with the color and font you choose. Customizable options : 1. Fibo Text Font 2. Fibo Text Size 3. Fibo Text Color 3. Add description to each level 4. Other options such as Anchors and Degrees
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Cobra Pivot Points is an indicator for plotting best optimized pivot points support and resistance levels which you can backtest yourself by downloading the DEMO. 1. Select 7 type of Pivot Mode : Cobra, Camarilla 1, Camarilla 2, Floor, Woodie, Demark and Fibonacci pivots 2. You can use any time frame to find pivot points support and resistance 3. You can play with Previous day High Low Close value with Shift parameter. 1 = Previous Bar, 2 = Bar before Previous bar and so on.. These parameter w
Previous Candle High Low Scanner MultiSymbol
Rajesh Kumar Nait
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Multi Currency Previous Candle or Previous Bar Scanner helps you scan multi symbol charts with any custom timeframe which you select from indicator settings. Based on product : https://www.mql5.com/en/market/product/78657 It can be used to scan multi symbols for Previous Day high low, Previous week high low, Previous month High low or any custom timeframe e.g. Previous 4 hour chart high low It filters noise and gives directional alerts when price touches High or low line  The strategy is simp
Pivot Points Multi Symbol Scanner
Rajesh Kumar Nait
Utilities
Pivot Points Multi Symbol Scanner scans all symbols available in marketwatch for Floor, Woodie, Camarilla, Demark or Fibonacci Pivot Points. You can select any timeframe to calculate pivot points and get alerts when price touch these levels of support and resistance. For visual Pivot Points You may be interested in this product : https://www.mql5.com/en/market/product/110072 It has options for choosing various alerts type You can choose and set frequency to scan in milliseconds 1000 me
Easy Fibonacci
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