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Pocket Options OTC RedLine

Indicator Title:

Custom Heiken Ashi and Moving Averages-Based Signal Indicator for OTC Markets

Works off the RedLine Strategy.

Overview:

This custom indicator is designed specifically for traders working with OTC stocks on platforms like Pocket Options. It utilizes a powerful combination of Heiken Ashi candles and three exponentially smoothed moving averages (EMAs) to detect trends and provide highly reliable Buy and Sell signals.

The indicator seamlessly integrates with the EABiBOT, AutoSignal_connect Bot, and the AutoSignal App to automatically process alerts and send them to your desired trading platform. This integration allows for efficient signal processing and trading automation, making it an invaluable tool for OTC traders.

Features:

  1. Three Moving Averages (EMAs):

    • Fast EMA (Period 3): Captures short-term price trends.
    • Medium EMA (Period 8): Tracks medium-term price trends.
    • Slow EMA (Period 25): Monitors long-term price trends.
    • The crossover of these EMAs determines Buy and Sell signals:
      • Buy Signal: Fast EMA > Medium EMA > Slow EMA (uptrend).
      • Sell Signal: Fast EMA < Medium EMA < Slow EMA (downtrend).
  2. Heiken Ashi Candles:

    • Heiken Ashi smoothing is used to reduce market noise and ensure clearer trend identification.
    • The Heiken Ashi values (Open, High, Low, Close) serve as inputs for the moving averages.
  3. Visual and Audio Alerts:

    • Buy Signal:
      • A green icon (arrow up) is displayed below the candle's low price.
      • Alerts notify the trader of a Buy opportunity.
    • Sell Signal:
      • A red icon (arrow down) is displayed above the candle's high price.
      • Alerts notify the trader of a Sell opportunity.
    • Alerts can be enabled/disabled via settings.
  4. Integration with Bots and Apps:

  5. Customization Options:

    • Configure the Buy/Sell icons:
      • Icon colors, shapes, and offsets are adjustable.
    • Adjust the sensitivity of moving averages by changing the periods and methods (EMA/SMA).
    • Enable or disable alerts and icons as per your trading style.
  6. OTC Market Compatibility:

    • Specifically designed for OTC markets, which are known for their high volatility and trends.
    • Works seamlessly with Pocket Options and similar platforms.
  7. Signal Filtering:

    • The indicator prevents duplicate alerts by analyzing only the most recent bars.
    • Configurable IconPlacementBars ensures proper placement of icons based on historical price movements.

How It Works:

  1. The indicator calculates the Heiken Ashi values for the given time frame (e.g., 3-minute candles).
  2. It then computes the Fast, Medium, and Slow EMAs using the Heiken Ashi Close prices.
  3. The indicator evaluates the relationship between the three EMAs:
    • When the Fast EMA is above the Medium EMA and the Medium EMA is above the Slow EMA, a Buy Signal is generated.
    • When the Fast EMA is below the Medium EMA and the Medium EMA is below the Slow EMA, a Sell Signal is generated.
  4. Signals are visually displayed on the chart as green Buy icons and red Sell icons.
  5. Alerts notify the trader of potential trading opportunities.
  6. These alerts are sent directly to the EABiBOT, AutoSignal_connect Bot, and AutoSignal App, where they are processed for automated trading.

Input Parameters:

  1. Moving Averages:

    • Fast_MA_Period : Period of the Fast EMA (default: 3).
    • Medium_MA_Period : Period of the Medium EMA (default: 8).
    • Slow_MA_Period : Period of the Slow EMA (default: 25).
    • Fast_MA_Method : Type of moving average for the Fast EMA (default: EMA).
    • Medium_MA_Method : Type of moving average for the Medium EMA (default: EMA).
    • Slow_MA_Method : Type of moving average for the Slow EMA (default: EMA).
  2. Icon Customization:

    • BuyIconColor : Color of the Buy icon (default: Green).
    • SellIconColor : Color of the Sell icon (default: Red).
    • BuyIconShape : Shape of the Buy icon (default: Arrow Up).
    • SellIconShape : Shape of the Sell icon (default: Arrow Down).
    • IconOffset : Distance between the icon and the price (default: 10 points).
  3. Alert Settings:

    • Enable_Alerts : Enable/disable alerts (default: true).
    • Enable_Icons : Enable/disable icons on the chart (default: true).
  4. Advanced Settings:

    • IconPlacementBars : Number of bars to analyze for proper icon placement (default: 3).

What Happens When an Alert is Triggered?

  1. Buy Signal:

    • A green arrow (Buy icon) is plotted below the lowest low of the last IconPlacementBars .
    • An alert pops up (if enabled) with a message: "Buy Signal | Final confirmation after crossover."
    • The event is logged in the alerts.txt file.
    • The alert is sent to the EABiBOT, AutoSignal_connect Bot, or AutoSignal App for further processing.
  2. Sell Signal:

    • A red arrow (Sell icon) is plotted above the highest high of the last IconPlacementBars .
    • An alert pops up (if enabled) with a message: "Sell Signal | Final confirmation after crossover."
    • The event is logged in the alerts.txt file.
    • The alert is sent to the EABiBOT, AutoSignal_connect Bot, or AutoSignal App for further processing.

Who Should Use This Indicator?

  • OTC Traders: Specifically tailored for traders focusing on OTC stocks on platforms like Pocket Options.
  • Trend Followers: Ideal for traders who rely on trends and crossover strategies to enter positions.
  • Heiken Ashi Fans: Perfect for those who prefer Heiken Ashi charts for noise reduction and trend clarity.

Important Notes for Users:

  1. Works Only with the Following Tools:

    These tools are required for automated signal processing and trade execution.

  2. No Guarantees of Success:

    • This indicator does not guarantee profitable trades. The performance depends on the market conditions, user settings, and trading strategies.
    • The default settings are optimized for general usage, but users can adjust them to suit their needs.
  3. Time Frame:

    • This indicator works best with 3-minute Heiken Ashi candles.
    • Test the indicator on a demo account before using it on live markets.

Summary

This custom indicator simplifies OTC trading by combining Heiken Ashi smoothing with a three-EMA strategy. It provides actionable Buy and Sell signals directly on the chart with customizable icons and alerts. Specifically designed to integrate with EABiBOT, AutoSignal_connect Bot, and the AutoSignal App, it is a reliable trend-following tool for OTC traders.


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This Indicator creates a heatmap based on depth of market of the current symbol or another symbol. Other symbol is useful when you trade futures market and a contract has 'mini' and 'full' split. For example, in Brazil (B3 - BMF&Bovespa), WDO and DOL are future Forex contract of BRL/USD (where 1 DOL = 5 WDO) and big banks work mostly with DOL (where liquidity is important). Please use with M1 timeframe , objects are too small to be displayed at higher timeframes (MT5 limit). The number of level
Berma Bands
Muhammad Elbermawi
5 (3)
The Berma Bands (BBs) indicator is a valuable tool for traders seeking to identify and capitalize on market trends. By analyzing the relationship between the price and the BBs, traders can discern whether a market is in a trending or ranging phase. Visit the [ Berma Home Blog ] to know more. Berma Bands are composed of three distinct lines: the Upper Berma Band, the Middle Berma Band, and the Lower Berma Band. These lines are plotted around the price, creating a visual representation of the pric
Gold Trend 5
Sergei Linskii
3.5 (2)
Gold Trend - this is a good stock technical indicator. The indicator algorithm analyzes the price movement of an asset and reflects volatility and potential entry zones. The best indicator signals: For SELL = red histogram + red SHORT pointer + yellow signal arrow in the same direction. For BUY = blue histogram + blue LONG pointer + aqua signal arrow in the same direction. Benefits of the indicator: The indicator produces signals with high accuracy. A confirmed arrow signal can only be redrawn
Introducing   Quantum Breakout PRO , the groundbreaking MQL5 Indicator that's transforming the way you trade Breakout Zones! Developed by a team of experienced traders with trading experience of over 13 years,   Quantum Breakout PRO   is designed to propel your trading journey to new heights with its innovative and dynamic breakout zone strategy. Quantum Breakout Indicator will give you signal arrows on breakout zones with 5 profit target zones and stop loss suggestion based on the breakout b
Golden Spikes Detector
Batsirayi L Marango
3.25 (4)
Golden Spikes Detector This indicator is based on an advanced strategy primarily for trading spikes on Boom and Crash Indices. Complex algorithms were implemented to detect high probability entries only. It alerts on potential Buy and Sell entries. To trade spikes on the Deriv or Binary broker, only take Buy Boom and Sell Cash alerts. It was optimised to be loaded on 5-minute timeframe although multiple timeframe analysis is done in the background. Features ·             Desktop pop up and sound
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Indicator Overview Update 2-23-2025 This Newest version has been giving me a 70% win ratio on Pocket options, Give it a try download the Demo Update 1-13-2025 This newest Version will work with the up coming Web Request App that will replace the AutoSignal_connection bot. please check out the telegram group : "TRADEBOT EARLY ACCESS" for access to this new improved Bot Purpose This   MT5 indicator   analyzes 3-minute Heiken Ashi candles and generates   Buy/Sell signals   based on the crossing of
EMA Crossover and Trend Alert Indicator for Pocket Options Updated version, Fixed multi Buy or Sell Icons on every candle, and refined the Math Logic so multi alerts are not triggered. Updated Print Statement which prints to alerts.txt file in the common files folder for Future Web Request App sends signals to Pocket options App without the use of AutoSignal_connection bot. Updated Version works with Heiken Ashi or Regular Candles. Overview: The EMA Crossover and Trend Alert Indicator is a ver
SuperTrend Indicator with Alerts Description The Super_Trend Indicator is a powerful tool for identifying market trends and potential reversal points using a combination of the following technical indicators: Commodity Channel Index (CCI) : The indicator detects shifts in momentum, confirming trends above or below user-defined trigger levels. Exponential Moving Average (EMA) : Acts as a trend filter to validate BUY and SELL signals for better accuracy. Super Trend Lines : A bright lime green lin
Indicator Title: Pocket Options GreenLine Strategy This version of the Greenline will do Sell Alerts while in the Uptrend, in other words is MA1 Crosses below MA2 with out going below MA3 then a sell alert will be issued Some Users requested this as they want to get as many signals as possible. SMA(7) with File Logging for Buy and Sell Alerts Overview: This SMA(7) indicator is designed to provide actionable Buy and Sell signals based on the interaction between price and the Simple Moving Average
Combined RSI and Stochastic Indicator for MT5 The Combined RSI and Stochastic Indicator integrates the Relative Strength Index (RSI) with the Stochastic Oscillator to provide traders with enhanced trend and momentum analysis. This powerful tool is designed for MetaTrader 5 (MT5) and offers a robust system for identifying buy and sell opportunities based on trend confirmation and stochastic crossovers. Key Features: 1. Dual Indicator Integration RSI (Relative Strength Index): Configurable RSI per
MACD Alerts
Matthew Palulis
MACD Crossover with Alerts, Colored Histogram, and Zero Line Arrows Overview: The MACD Crossover Indicator is a powerful tool for traders seeking to identify trend direction and momentum shifts. This enhanced version of the classic MACD includes features like visual markers on crossover points, customizable histogram colors, and real-time alerts, making it ideal for decision-making in fast-paced markets. Features: Dynamic Histogram Coloring: The histogram changes color based on its value: Green
Vortex Indicator with Alert System Tested with MT5 App for the Pocket Options Trading Overview: The Vortex Indicator with Alert System is an advanced MetaTrader 5 (MT5) tool designed to help traders identify trend direction and potential entry/exit points with ease. Leveraging the Vortex Indicator's ability to detect market momentum, this script adds visual signals and customizable alerts for crossovers, making it ideal for manual and semi-automated trading strategies. Tested specifically with
Pocket Options Keltner Channel with MA v3.12  Indicator Name: Keltner Channel v3.12 – Advanced Trend & Signal Indicator ️ Version: 3.12 Release Date: 2024 Platform: MetaTrader 5 (MT5) Category: Trend Indicators Description Keltner Channel v3.12 is an advanced trend-following indicator designed to enhance trading decisions by combining Keltner Channels , Moving Averages (MA1 & MA2) , and Buy/Sell Signal Alerts . This indicator helps traders identify breakouts, trend reversals, and
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