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Culmination candle x2

The indicator searches for the largest candles with minimum wicks for the last X candles. Sometimes, such candles mark the presence of a strong buyer, who quickly and strongly pushes the price in the right direction. However, most often, these are culmination candles, especially at the end of a prolonged trend when a single large candle knocks out stop losses of the most persistent traders and the price reverses instantly.

The indicator allows you to open a position on the very edge of the market, in counter-trend, behind the culmination candle, with a minimal stop loss.

Stop losses and trailing stop are mandatory.

There is also a free version of the indicator working on USDCAD only - https://www.mql5.com/en/market/product/30273


Advantages

  1. When you open a trade on the indicator signal, the stop is minimal.
  2. The indicator has signal buffers - it can be connected to EAs as a signal indicator.
  3. No repainting.
  4. The EA works on any timeframe. It is best to search for signals on M15-H1.


Options

  • History_for_analise - number of candles to analyze when searching for a signal.
  • PercentBigCandles - percentage of the largest candles. The optimal values are 1-2%. This means, the indicator will show only signals only on 1-2% of the longest candles in history.
  • Alert_Culmination_candle - signal alert.
  • Filter_by_MA20 - only search for culmination candlesticks with the base near MA20.
  • Value_near_MA20 - optimal 50 pips - the maximum distance for the base of the culmination candlesticks, with which the candlestick is considered a culmination.
  • Distance - distance from a candle where the arrow is displayed, in pips.
  • SendToEmailAndPush - send emails and push messages when a new signal appears.

If you have any questions about the operation of the indicator, feel free to ask them in the Comments or in private messages.

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Effortless trading: non-repainting indicator for accurate price reversals Special Offer: Purchase now to receive free bonuses worth $90! (Read more for details) This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Upd
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The indicator looks for buying and selling zones, where a deal can be opened with a minimal stop loss and a better Risk Reward Ratio. The indicator is based on qualitative search of the Double top/Double bottom pattern. Indicator operation principle Looks for local tops/bottoms which can potentially become a Reversal zone It waits for an impulse movement that would exceed the Reversal zone and draws a red/blue wide rectangle Within the Reversal zone, it looks for the strongest area of the zone
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Индикатор "Buy Sell zones x2" основан на принципе "остановка/разворот после сильного движения". Поэтому, как только обнаруживается сильное безоткатное движение, сразу после остановки - рисуется зона покупок/продаж. Зоны отрабатывают красиво. Или цена ретестит зону и улетает в космос, или пробивает зону насквозь и зона отрабатывается с другой стороны так же красиво.  Работает на всех таймфреймах. Лучше всего выглядит и отрабатывает на Н1.    Может использоваться как: индикатор зон, где лучше
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Индикатор, который ищет качественные точки входа в рынок и отображает их в виде стрелок. Действует по сложному алгоритму. Сначала ищет на графике специальные уровни, которые обязательно должны быть пробиты импульсом. Если цена возвращается к этому уровню в виде свечи с длинной тенью и маленьким телом и касается уровня только тенью - возникает точка входа.  Не перерисовывается!  Лучше всего выглядит и отрабатывает на Н1.    Может использоваться как: Индикатор уровней, где цена будет останавлива
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Version 1.11 2018.07.24
New parameters:
Filter_by_MA20 - only search for culmination candlesticks with the base near MA20.
Value_near_MA20 - optimal 50 pips - the maximum distance for the base of the culmination candlesticks, with which the candlestick is considered a culmination.