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Menora Indicator

4
Menora (All In One) Indicator.

This is the advanced and premium indicator for the Magic Trend, a free indicator.  It has 3 output signals driven by different market conditions. This indicator has a double function of working as an indicator and utility at the same time.

Specifications 

1] 3 output signals

a) Slow Moving Average with color change - The MA has a non-repaint color change, which makes it perfect for entry signals.

b) Fast Moving Average (the original Magic Trend line) - Gives a signal from a combination of other indicators. It repaints and is perfect to use as an exit signal. Can only be used as an entry signal in combination with the slow MA.  Green color = buy, red color = sell, white color = no signal. 

c) Magic Alerts - These are Alerts for buy and sell signals that you can use to confirm your directional bias.

2] Trend Strength Display

Displays whether the trend is strong or weak. Most profitable and volatile opportunities take place when the trend strength is strong.


3] Trading Sessions Display

Displays the names of the trading sessions that are open at the current time. Displays 5 trading sessions: New York, London, Sydney, Tokyo, and Frankfurt.


4] Account and Symbol Info Display

Displays the Account name, broker name, account type, margin level, balance, equity,  open profits, server date and time, local time, and Symbol spread.


5] User-friendly

simple and easy to use.


6] Works on any MT5 chart across all markets. 

7] Deletes everything from the chart once the indicator is removed.

Strategy Tips
One can use many strategies, but these are strategy tips you can observe when testing the indicator on a strategy tester.

1] Open a buy position when both the Fast and Slow MA turns green and exit the position/set your position to break even when the Fast MA turns to White/Red. Do vice versa for the sell trade.
2] Open a buy position when a green Fast MA crosses over a green Slow MA and exit when the Slow MA turns white/red. Do vice versa to open a sell position.

Important Points To Note!!!
1] NewYorkSessionOpenServerTime Parameter = Broker Time when the New York Session Opens.... Do not replace it with your local time for accuracy, lest your local time=server time!!!
2] I advise you to use black as your background color when using this indicator.

Reviews 1
fenix trading
214
fenix trading 2022.12.30 18:43 
 

Estoy muy agradecido con usted, esperemos siga mejorándolo felicidades.

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WHY IS OUR FXACCCURATE LS MT5 THE PROFITABLE ? PROTECT YOUR CAPITAL WITH RISK MANAGEMENT Gives entry, stop and target levels from time to time. It finds Trading opportunities by analyzing what the price is doing during established trends. POWERFUL INDICATOR FOR A RELIABLE STRATEGIES We have made these indicators with a lot of years of hard work. It is made at a very advanced level. Established trends provide dozens of trading opportunities, but most trend indicators completely ignore them! The
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Indicators
This dashboard shows the latest available   harmonic patterns   for the selected symbols, so you will save time and be more efficient /   MT4 version . Free Indicator:   Basic Harmonic Pattern Comparison of "Basic Harmonic Pattern" vs. "Basic Harmonic Patterns Dashboard" Indicators Feature Basic Harmonic Pattern Basic Harmonic Patterns Dashboard Functionality Detects and displays harmonic patterns on a single chart Searches multiple symbols and timeframes for harmonic patterns, displays res
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5 (13)
Indicators
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Indicators
Enjoy a   50% OFF   Christmas holiday sale!   After your purchase, feel free to contact me for more details on how to receive a bonus indicator called VFI, which pairs perfectly with Easy Breakout for enhanced confluence!     Easy Breakout MT5   is a powerful price action trading system built on one of the most popular and widely trusted strategies among traders: the   Breakout strategy ! This indicator delivers crystal-clear Buy and Sell signals based on breakouts from key support and resis
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Zaha Feiz
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Indicators
ATREND: How It Works and How to Use It How It Works The " ATREND " indicator for the MT5 platform is designed to provide traders with robust buy and sell signals by utilizing a combination of technical analysis methodologies. This indicator primarily leverages the Average True Range (ATR) for volatility measurement, alongside trend detection algorithms to identify potential market movements. Leave a massage after purchase and receive a special bonus gift. Key Features: ⦁ Dynamic Trend Detect
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Magic Trend
Arnold Kurapa
3.67 (3)
Indicators
Magic Trend  This MT5 indicator is a Moving Average with 3 signal colors. The 3 input parameters on this Indicator give you a chance to set any Moving Average of choice. A combination of 2 different exponential moving averages, relative strength index, commodity channel index, and William's percent range provide the signals. White color = Null/No/Exit Signal Green color = Buy Signal Red color = Sell Signal Point To Note: Confirm the color change only after the current candle closes to avoid
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Trade Aid MT5
Arnold Kurapa
Utilities
Right here, is the utility tool to help traders with opening, managing, and closing multiple trading positions at the same time. This Utility tool does not work on strategy tester. To test this utility, follow the blog link below to download the demo version. https://www.mql5.com/en/blogs/post/751097 Specifications. 1) User-friendly - No complications and any trader can find it easy to use.                          - A simple click on a button is all it takes to perform the desired task. 2) Doe
FREE
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fenix trading
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fenix trading 2022.12.30 18:43 
 

Estoy muy agradecido con usted, esperemos siga mejorándolo felicidades.

Arnold Kurapa
3223
Reply from developer Arnold Kurapa 2022.12.30 19:08
Muchas gracias por tu revisión.
Reply to review
Version 2.1 2023.09.10
Menora Indicator Updated Version 3.0 2023.09.10

What's New
1) The recommended lot size is now available.
-Auto lot size calculation based on the account balance.
- Only available to USD base accounts.

2) Volatility measurement.
-Whether high/low volatility

3) Third Signal
-Introduced for more confirmation.
- This indicator now has 4 different signal outputs: slow MA, fast MA, magic alert, and now the third signal.

Try This New Strategy
-Buy when the slow and fast MA are green and the Third Signal is Buy. If any of the 3 changes color, exit the trade.
-Sell when the slow and fast MA are red and the Third Signal is Sell. If any of the 3 changes color, exit the trade.
Version 2.0 2023.09.10
1) The recommended lot size is now available.
-Auto lot size calculation based on the account balance.
- Only available to USD base accounts.

2) Volatility measurement.
-Whether high/low volatility

3) Third Signal
-Introduced for more confirmation.
- This indicator now has 4 different signal outputs: slow MA, fast MA, magic alert, and now the third signal.

Try This New Strategy
-Buy when the slow and fast MA are blue and the Third Signal is Buy. If any of the 3 changes color, exit the trade.
-Sell when the slow and fast MA are red and the Third Signal is Sell. If any of the 3 changes color, exit the trade.