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MACD stopper x2

The MACD_stopper_x2 indicator shows where the trend has a tendency to stop or reverse. It uses the standard MACD indicator and a proprietary formula for processing data obtained from MACD.

There are 2 types of stop/reversal signals:

  • Small cross - probability of a trend stop/reversal is 70-80%
  • Large cross - probability of a trend stop/reversal is 80-80%

If there are open trades (for example, BUY) on the symbol the indicator is attached to, and the BUY trend ends, the indicator sends push notifications and emails to the user.


Indicator parameters

  • Days_paint - the number of days, during which the stop signals are to be drawn.
  • AlertAndSendPush - send push notifications and email to the user.
  • BuyColor1 - color of the stop signal 1 for the BUY orders
  • BuySize1 - size of the stop signal 1 for the BUY orders
  • BuyColor2 - color of the stop signal 2 for the BUY orders
  • BuySize1 - size of the stop signal 2 for the BUY orders
  • SellColor1 - color of the stop signal 1 for the SELL orders
  • SellSize1 - size of the stop signal 1 for the SELL orders
  • SellColor2 - color of the stop signal 2 for the SELL orders
  • SellSize2 - size of the stop signal 2 for the SELL orders
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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 marke
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The indicator shows entry points with Risk-Reward-Ratio 1 to 5. Main timeframe H1. Works on every pair. The main logic - is to find a reversal level, and then track the price reaction to this level. Doesn't need any settings. As a standard, it paint 5 levels of the same take-profit (red / blue for sellers and buys) and 1 stop-loss level - orange. ATTENTION! The full version of indicator. You can t est full work of indicator free only on the USDCAD pair here  https://www.mql5.com/en/market/produ
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Aravind Kolanupaka
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Aravind Kolanupaka 2017.06.01 02:25 
 

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Version 1.31 2017.09.11
- All values of the indicator are now sent to a separate buffer.
- Minor code improvements
Version 1.3 2017.08.24
Added selection of the size and color for the price stop crosses.