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Market Follower

5

The Market Follower indicator displays two types of potential entry points on the chart (by trend and absolute reversal points).

The entry point by the trend is displayed by a circle. The indicator qualifies the presence of a trend at a certain interval by a certain algorithm. Then it displays a potential entry point after a rollback (correction). For the successful use of these entry points, it is recommended to use at least M30 timeframe with a confirmation on smaller timeframes.

The Absolute reversal points assume that at least a correction of price movement starts at them (and may be even a reversal). They are displayed as arrows on the chart. These points take into account the movements in several timeframes. I recommend to open a higher timeframe (for example, M15) to obtain data on the main one (for example, M5). Sometimes, entry points by trend and absolute reversal points coincide. These signals are the strongest ones.


Parameters

  • Accuracy – degree of accuracy of the entry signal. It can vary from 0 to 20. The default is 10. Accuracy of signals decreases with the decrease of the parameter, but their numbers increase.
  • Alert – you can set an alert when a signal appears. True – display alert, False – no alert. The default value is False. An example of Alert: "MF (indicator name) ABSOLUT (signal type ABSOLUT or TREND) USDCAD(currency pair) _M15 (timeframe) - SELL (BUY or SELL trade)".
  • E-mail – send an E-mail when a signal appears. True – send email, False – no email. The default value is False. The content of the email is similar to the alert. Subject of the email: "Market Follower". Make sure the Tools-Options-Email parameters are set correctly in the MetaTrader 4.
Reviews 1
Tobias Grosse
971
Tobias Grosse 2016.07.27 15:01 
 

signals are very good, I use accuracy=20.

the alert function is helpful as TF H4 or D1 is used and signals come rarely.

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The Turning point of price indicator displays assumed turning points of the price on the chart. It is based on data of the Prise Reversal oscillator and standard ADX. When the value of Prise Reversal is in overbought or oversold area (area size is set by a user), and the value of the ADX main line exceeds the preset value, the Turning point of price indicator draws an arrow pointed to the further assumed price movement. This idea is described in the article Indicator of Price Reversal . Indica
The National Prise Reversal indicator represents an oscillator of a national currency (options: USD, CAD, CHF, JPY, GBP, EUR, AUD . It is based on already known Prise Reversal oscillator. But it analyzes particularly movement of a selected national currency on pairs with other specified currencies. Basing on these data the National Prise Reversal indicator determines overbought or oversold of the selected currency. When the indicator is in the overbought zone, it indicates possible weakening of
Correct Entry
Alexey Surkov
3.33 (3)
The  Correct Entry indicator  displays specific points of potential market entries on the chart. It is based on the hypothesis of the non-linearity of price movements, according to which the price moves in waves. The indicator displays the specified points based on the price movement of certain models, and technical data. Indicator Input Parameters: Сorrectness  – The parameter characterizes the degree of accuracy of the entry signals. Can vary from 0 to 100. The default is 100. Accuracy of si
The Price Reversal oscillator identifies the potential price reversal points, while being in the overbought/oversold zones. It also displays the entry signals against the trend (sometimes these points coincide with the beginning of a new trend) (blue and red zones) and the entry points by the trend (gray areas). It consists of two lines. The blue line is the fast line, the red line is the slow one. The market entry is recommended if the value of the fast line is greater than 60 or less than -60,
RSI All TF
Alexey Surkov
4 (1)
The indicator displays entry signals based on RSI location in overbought/oversold zones on all the timeframes beginning from the current one up to the highest (MN). If RSI is less than Zone but more than (100-Zone), the appropriate indicator value is filled for the timeframe: M1 - from 0 to 10 (sell) or from 0 to -10 (buy); M5 - from 10 to 20 (sell) or from -10 to -20 (buy); M15 - from 20 to 30 (sell) or from -20 to -30 (buy); M30 - from 30 to 40 (sell) or from -30 to -40 (buy); H1 - from 40 to
Oscillator 3TF
Alexey Surkov
4.5 (2)
Oscillyator 3TF displays data on standard oscillators (RSI, MFI, STOCH, CCI, DeM, Momentum) on the current and two following timeframes. The modified version of Price Reversal oscillator is also added. The indicator allows you to track the situation on higher timeframes and select suitable entry points when oscillator lines are in oversold/overbought zones. The indicator may notify of all three lines located in specified zones via alerts, emails, and push notifications. Parameters Period – in
The indicator MultiTimeFrame Moving Average shows the value of a Moving Average from any higher timeframe on the current chart. Usually, at such points the price finds support or resistance, for example, on H1, H4, D1. Inputs TimeFrame - timeframe the Moving Average is based on. MA_method - Moving Average calculation method. MA_price - Moving Average calculation price.
The Intraday Taker Main indicator displays specific points of potential market entries on the chart. It is based on the hypothesis of the non-linearity of price movements, according to which the price moves in waves. The indicator displays the specified points based on certain models of the price movement and technical data. It has three types of signals. Only arrows are considered trade signals, others are indicative signals. The indicator does not redraw. Indicator Parameters Taker – paramet
Intraday Taker Oscillator indicator is an integral part of the trading system Intraday Taker, which also includes indicators: Intraday Taker Main and MultiTimeFrame Moving Average . This indicator displays the data on the current integrated oscillator and four next timeframes. The indicator allows you to track the situation on higher timeframes and select suitable entry points when oscillator lines are in oversold/overbought zones. The indicator may notify of all three lines (the current and two
The oscillator uses data of standard indicators and some patterns of price movement. Using this data, it forms its own (more accurate) signals of a change in the direction of the price movement. Prise Reversal helps to identify reversal points during the flat, and the price extremums during the trend. At these points, you can enter counter trend with a short take profit. Besides, it indicates time intervals when it is too late to open a trend-following deal. After a few days of using the indicat
The Turning point of price indicator displays assumed turning points of the price on the chart. It is based on data of the Prise Reversal oscillator and standard ADX. When the value of Prise Reversal is in overbought or oversold area (area size is set by a user), and the value of the ADX main line exceeds the preset value, the Turning point of price indicator draws an arrow pointed to the further assumed price movement. This idea is described in the article Indicator of Price Reversal . Inputs
The Trend Trade indicator displays assumed turning points of the price on the chart in the direction of the trend after correction. It is based on the data of the Prise Reversal oscillator with the period 6 and indicators which characterize strength and availability of the trend. When the value of Prise Reversal is in overbought or oversold area (area size is set by a user), and the current trend is confirmed, the Trend Trade indicator draws an arrow pointed to the further assumed price movement
The Correct Entry indicator displays specific relatively correct points of potential market entries on the chart. It is based on the hypothesis of the non-linearity of price movements, according to which the price moves in waves. The indicator displays the specified points based on certain price movement models and technical data. Indicator Input Parameters: Сorrectness – The parameter characterizes the degree of accuracy of the entry signals. Can vary from 0 to 100. The default is 100. Accura
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Tobias Grosse
971
Tobias Grosse 2016.07.27 15:01 
 

signals are very good, I use accuracy=20.

the alert function is helpful as TF H4 or D1 is used and signals come rarely.

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Version 23.31 2023.03.03
Minor edits, optimization.
Version 21.111 2021.11.21
Updated for a new build for stable operation.
Version 2.10 2016.08.15
Alert has been optimized.
Version 2.0 2016.08.05
Alert functions have been optimized.
Added ability to send Push-notifications.