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ChartReader

This indicator shows the trend based on two configurable moving averages.

A custom calculation shows market volatility in the lower frame. Higher bars mean higher volatility. The chart also shows suggestions for buy, sell or close with the help of arrows. It is possible to set minimum volatility for entry points and to set time filtered alerts.

This indicator is useful to judge trends or market volatility, for example to catch good periods for scalping.


Parameters

  • Volatility Period - volatility indicator period.
  • Channel Period - amount of candles analyzed for opening.
  • Minimum Threshold - minimum volatility to show BUY/SELL arrow.
  • Arrow Size - size of indicator arrows on chart.
  • Buy Color - buy color in MQL standard color codes.
  • Sell Color - sell color in MQL standard color codes.
  • Fast MA Period - Period for fast MA.
  • Fast MA Method - moving average calculation method for fast MA.
  • Fast MA Shift - Indicators line offset for fast MA.
  • Fast MA Price - applied price for fast MA.
  • Slow MA Period - Period for slow MA.
  • Slow MA Method - moving average calculation method for slow MA.
  • Slow MA Shift - Indicators line offset for slow MA.
  • Slow MA Price - applied price for slow MA.
  • Use Alert - whether or not you want to use alerts.
  • Hour Alert Start - starting hour of alert period.
  • Hour Alert End - end hour of alert period.
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ENIGMERA: The core of the market The indicator’s code has been completely rewritten. Version 3.0 adds new functionalities and removes bugs that had accumulated since the indicator’s inception. Introduction This indicator and trading system is a remarkable approach to the financial markets . ENIGMERA uses the fractal cycles to accurately calculate support and resistance levels. It shows the authentic accumulation phase and gives direction and targets.  A system that works whether we are in a tre
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GOLDEN ARROW SCALPER! Main Features: Precise Entry Signals : Identify the ideal moments to enter the market based on mathematical calculations, optimizing your trading decisions. Instant Alerts : Receive real-time sound notifications whenever trading signals occur. Customizable Settings : Adjust EMA parameters to align the indicator with your strategy and trading style. Intuitive Visualization : Leverage contrasting colors (Sea Green and Red) to highlight the signals, making reading and decisio
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The diamond top and bottom are reversal patterns. It represents a rally to a new high with a drop to a support level followed by a rally to make a new high and a quick decline, breaking the support level to make a higher low. The bounce from the higher low is then followed by a rally, but making a lower high instead. Once this behavior is identified, prices then break the trend line connecting the first and second lows and start to decline further. You can find MT4 version hier Indicator shows
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What is Double Top and Bottom Double top and bottom patterns are chart patterns that occur when the underlying investment moves in a similar pattern to the letter "W" (double bottom) or "M" (double top). Double top and bottom analysis is used in technical analysis to explain movements in a security or other investment, and can be used as part of a trading strategy to exploit recurring patterns. you can fin MT4 version hier Indicator shows you 2 Level target and stop loss level. Stoploss level
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