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Mera Mera

Translator
MeraMera Custom Indicator for MetaTrader 5

Overview:
The MeraMera indicator is a powerful tool designed for MetaTrader 5, aimed at traders who prefer a decisive, high-risk-high-reward trading strategy. Its motto, "GO Full Margin or GO Home," encapsulates its aggressive approach to trading. This custom indicator analyzes market conditions to identify potential bullish and bearish signals, helping traders make informed decisions based on historical price patterns.

Key Features:
1. Bullish and Bearish Signals:
   - Bullish Signals: The indicator detects bullish conditions by analyzing current and previous bars. It looks for a combination of higher highs and higher lows alongside bullish closes to plot a bullish arrow on the chart.
   - Bearish Signals: Similarly, bearish conditions are identified by lower lows and higher highs with bearish closes, which trigger the plotting of a bearish arrow on the chart.

2. Expiry Time:
   - The MeraMera indicator includes an expiry time feature, ensuring that it only operates within a predefined period. This adds an extra layer of security and control over the indicator’s usage.

3. Visual Alert:
   - The indicator plots arrows directly on the price chart at detected signal points, providing clear visual cues for traders. Blue arrows indicate bullish signals, while red arrows indicate bearish signals.
   - Support and resistance levels are also marked with arrows to provide a clear stop-loss reference point.

4. Automatic License Verification:
   - The indicator includes an automatic license verification mechanism that checks if the current time is within the allowed usage period. If the license has expired, the indicator will notify the user and terminate its operation to prevent unauthorized use.

Technical Details:
- Inputs:
  - `Depth`: The period used for analyzing price movements.
  - `expiryTime`: The expiry date and time for the indicator's validity.
 
- Indicator Buffers and Plots:
  - Two buffers are used to plot the bullish and bearish signals respectively.
  - The indicator displays these plots directly on the chart, ensuring that traders can see signals without needing to check additional windows or tabs.

Usage Instructions:
1. Installation:
   - Copy the `MeraMera.mq5` file into the `Indicators` folder of your MetaTrader 5 directory.
   - Compile the indicator in the MetaEditor.
   - Attach the indicator to your desired chart from the Navigator panel.

2. Configuration:
   - Adjust the `Depth` parameter according to your trading strategy. A larger depth may reduce signal frequency but increase accuracy.
   - Ensure the `expiryTime` is set appropriately if you are providing the indicator with a time-limited license.

3. Interpreting Signals:
   - Bullish Arrows: A blue arrow below the price bar indicates a potential bullish signal. Consider entering a long position at the next bar.
   - Bearish Arrows: A red arrow above the price bar indicates a potential bearish signal. Consider entering a short position at the next bar.

4. Trade Responsibly:
   - Always conduct thorough analysis and use additional confirmation tools before making trading decisions. The MeraMera indicator should be part of a comprehensive trading strategy.

Disclaimer:
This indicator promotes a high-risk trading strategy. It is essential to trade responsibly and use proper risk management techniques. The creators of MeraMera are not responsible for any financial losses incurred while using this indicator.

By integrating MeraMera into your trading toolkit, you can leverage its sophisticated signal detection to identify potential trading opportunities and make more informed decisions. Visit [Southern Star Trading](https://southernstar.tech/ea.php) for more information and to purchase the indicator.
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Cryo is based on the process of identifying the rate of change in price growth and allows you to find entry and exit points from the market. A fundamental technical indicator that allows you to assess the current market situation in order to enter the market of the selected currency pair in a trend and with minimal risk. The Cryo indicator was created on the basis of the original indicators for searching for extremes, the indicator is well suited for determining a reversal or a large sharp je
Introduction Excessive Momentum Indicator is the momentum indicator to measure the excessive momentum directly from raw price series. Hence, this is an extended price action and pattern trading. Excessive Momentum Indicator was originally developed by Young Ho Seo. This indicator demonstrates the concept of Equilibrium Fractal Wave and Practical Application at the same time. Excessive Momentum detects the market anomaly. Excessive momentum will give us a lot of clue about potential reversal and
Dragon Multi Indicator MT5
Mansour Babasafary
5 (5)
3 Indicators in 1 indicator Strategy based on price action Made specifically for the best forex currency pairs Can be used in the best time frame of the market at a very reasonable price This indicator is basically 3 different indicatos . But we have combined these 3 indicators in 1 indicator so that you can use 3 indicators at the lowest price. All three strategies are based on price action. But based on different trends. Long term, medium term and short term Attributes : No repaintin
[ MT4 Version ] Only the next 10 units at current price! Final price: $299 Are you tired of spending months on demo or live accounts to test your trading strategies? The Backtesting Simulator is the ultimate tool designed to elevate your backtesting experience to new heights. Utilizing Metatrader historical symbol information, it offers an unparalleled simulation of real market conditions. Take control of your testing speed, test ideas quickly or at a slower pace, and witness remarkable improve
Elliot Waves Analyzer Pro
Viktor Weidenthal
2.67 (3)
Elliot Waves Analyzer Pro calculates Elliot Waves to Help Identify Trend direction and Entry Levels. Mainly for Swing Trading Strategies. Usually one would open a Position in trend direction for Wave 3 or a Correction for Wave C . This Indicator draws Target Levels for the current and next wave. Most important Rules for Elliot Wave Analysis are verified by the Indicator.  The Pro version analyzes Multiple Timeframes and shows the Subwaves and Target-Levels.   For an Overview  " Elliot Waves Anal
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Turte Soup
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This MetaTrader 5 indicator helps traders by identifying and marking two important levels on the chart: 1. Previous Day's High (PDH):    - The highest price reached in the market during the previous trading day. 2. Previous Day's Low (PDL):    - The lowest price reached in the market during the previous trading day. How it Works: 1. Initialization:    - When you attach the indicator to a chart, it initializes by calculating the PDH and PDL based on the highest and lowest prices of
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