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Target 5X Indicator

5

The 5X target indicator is an indicator that plots the optimal entry zone and the target for the trading day. It also plots a level where the stoploss can be moved to breakeven for a risk free trade which is 2X.

This indicator has time window inputs. The default settings are from 02:00 to 19:00 CET+1 time zone.

This indicator is based used with a direction bias for the day. I post the direction bias for several pairs in the comments section.

Added a new feature Time Zone to help trade the highest probability timed entries.

Reviews 1
Mohd Noor Quddussi Izuywan Bin Mohd Sani
463
 

support from developer is great. this indicator is do a good job as promise.

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DESCRIPTION The Indicator Target5X Plus provides a robust framework for identifying opportune moments to enter trades, with the potential to achieve significant returns ranging from 2x to 5x. Employing sophisticated analysis, Target5X Plus meticulously delineates buy and sell zones, empowering traders to capitalize on lucrative market opportunities with precision. TRADING with Indicator Target5X Plus Utilizing Target5X Plus is intuitive and streamlined. The indicator signals a buy zone wh
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Mohd Noor Quddussi Izuywan Bin Mohd Sani
463
 

support from developer is great. this indicator is do a good job as promise.

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Version 2.5 2024.03.14
- Added option to remember last chart direction choice of arrow
- Added a Timezone window
Version 2.0 2024.01.28
Here are the new features based on popular demand:
- Added Target 2X for sideways market as most trades reach it in same trading day.
- Added Alert notifications when price enters the trading box (Sound, Email, Push Alerts).
- Fixed plot of boxes during weekend.
- Added inputs to control colors of Arrow, Box, Stoploss and Targets.