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Alpha Trend Spotter PA

Supplement for Alpha Trend Spotter (ATS) Indicator: https://www.mql5.com/en/market/product/8590

This indicator acts by price action. Use it when ATS shows clear Bullish or Bearish Trend for finding the strongest trend each day.

Suitable for timeframes M5, H1, H4 and D1.

Suitable for Binary Option 5 minutes signal.

How to Use:

  1. RED Arrow means Sell
  2. GREEN Arrow means Buy
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This indicator is another variant of the famous powerful indicator Fibonacci-SS https://www.mql5.com/en/market/product/10136 but has different behaviour in placing Pending Order and TP Line. Automatically places Fibonacci retracement lines from the last highest and lowest visible bars on the chart with: An auto Pending Order (Buy/Sell). Taking Profit 1, Taking Profit 2 is pivot point and Taking Profit 3 for extended reward opportunity. The best risk and reward ratio. Simple and powerful indica
This indicator based on Alpha Trend Spotter, Moving Average, and RSI Indicators. Its Customized for H4 (Four Hour) Timeframe where the price do real swing. This indicator doesn't have setting value, just plug and play in H4 Timeframe. Best performance with pairs: EURUSD GBPUSD EURJPY GBPJPY Entry conditions: LINE CROSS ATS < 30, HOLD and then line TOUCHING BACK TO 30 = LONG ENTRY LINE CROSS ATS > 70, HOLD and then line TOUCHING BACK TO 70 = SHORT ENTRY Exit conditions: LONG CLOSE IF CROSS AT
This indicator draws Fibonacci level automatically from higher high to lower low or from lower low to higher high combinate with Pyramid Trading Strategy for better risk reward ratio. With adjustable Fibonacci range and has an alert function. What is Pyramid Trading Strategy? The basic concept of pyramiding into a position is that you add to the position as the market moves in your favor. Your stop loss moves up or down (depending on trade direction of course) to lock in positions. This is how
This indicator is a proof of concept of pyramid trading strategy. It draws fibonacci level automatically from higher high to lower low or from lower low to higher high combinate with Pyramid Trading Strategy for better risk reward ratio. What is Pyramid Trading Strategy? The pyramid forex trading strategy is a something every forex trader should know about because it makes the difference between making some pips with some risk in only one trade or some pips with less the risk by applying the pyr
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Version 208.119 2019.08.26
New Engine Update
Author Website Added
Version 208.19 2019.08.26
New Engine Updated
Author Website Added
Version 2.0 2015.05.08
What's New (Version 2.0)
Added Property costumization for Bar detections to 1=Bar Open, 2=Bar Close