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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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nota: questo indicatore e' per METATRADER5, se vuoi la versione per  METATRADER4 questo e' il link:   https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.4 TRENDMAESTRO   riconosce un nuovo TREND sul nascere, non sbaglia mai. La sicurezza di identificare un nuovo TREND non ha prezzo. DESCRIZIONE TRENDMAESTRO identifica un nuovo TREND sul nascere, questo indicatore prende in esame la volatilita' i volumi ed il momentum per identificare il momento in cui c'e' un'esplosione di uno
SMCpro
Arief
5 (1)
Currently Price  20% OFF  ( for unlimited use ) Indicator   USER MANUAL , trade setups, solving issues, etc :  Direct Download Here     (  for users only  ) Hello World! Introducing.. SMCpro tool and Indicator for  MetaTrader 5 , a cutting-edge feature designed to revolutionize your trading experience. With innovative ICT Smart Money Concept, you gain unparalleled insight into market dynamics, empowering you to make informed trading decisions like never before. SMC Indicator built on th
Introducing the Power Trade Plus indicator designed by a small group of traders with a few years of experience trading the market profitably.  The Power Trade Plus is derived from the Power Trade indicator,  the indicator strive in powerful sniper entries and take profit levels,  with an algorithm that's can determine the markets volatility and Provides entries based on the current market volatility. This indicator is much more effective in stock ,currencies and indices.
The "No Reversal Accumatrix AI" is a cutting-edge MetaTrader 5 indicator designed to assist traders in confirming trends without the inconvenience of repainting. Built upon advanced artificial intelligence algorithms, this indicator offers a reliable tool for identifying and validating trends in financial markets. Key Features: Non-Repainting Technology : Unlike traditional indicators prone to repainting, the "No Reversal Accumatrix AI" utilizes innovative algorithms to provide accurate trend co
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Cypher invest
Arnold Byarufu
Introducing "CypherInvest," your trusted Expert Advisor in the dynamic world of financial markets.  With cutting-edge technology and advanced algorithms, CypherInvest analyzes market data, identifies patterns, and uncovers hidden opportunities to help you make informed investment decisions. Our innovative approach combines the power of cryptography and data analysis, unlocking the secrets of the market to maximize your returns. Powered by the Secret algorithm, CypherInvest leverages support
Turte Soup
Arnold Byarufu
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
"Introducing Dynamic Supply and demand Pro – Your Ultimate Supply and Demand Trading Companion! Unleash the power of precision with this advanced indicator designed for traders seeking unparalleled market insights. Dynamic Supply and demand Pro dynamically identifies key reversal zones, showcasing the delicate dance between supply and demand forces. This cutting-edge tool provides a comprehensive view of the market, highlighting potential turning points with pinpoint accuracy. Witness the ebb
"QuantumEdge FairValueGap Pro" - The Ultimate Trading Edge! Elevate your trading experience with the QuantumEdge FairValueGap Pro, your all-in-one solution for unparalleled market insights and precision trading. This cutting-edge indicator brings quantum-level analysis to your fingertips, empowering you with advanced tools to navigate the financial markets. Key Features: 1️⃣ FairValue Precision: Gain a quantum-edge perspective on market fairness, with a focus on pinpointing the mos
Introducing AI Precision Trader: Unleash the Power of AI for Optimal Trading Performance! Embark on a revolutionary trading journey with AI Precision Trader, an Expert Advisor (EA) that stands at the forefront of innovation. Meticulously designed with cutting-edge Artificial Intelligence (AI) technologies, this EA redefines precision and profitability in algorithmic trading. Optimized Risk Management: Experience a new level of confidence with AI Precision Trader's advanced risk manage
" Base Market Signals " A powerful and innovative technical analysis indicator designed to revolutionize your trading experience. Engineered by Southern Star Trading, this indicator is your key to unlocking profitable market insights in the ever-changing world of financial markets. Key Features: 1. Dynamic Signal Detection: Base Market Signals employs sophisticated algorithms to dynamically identify potential trend reversal points, providing you with timely and accurate signals. 2. Versat
Unlock the Precision of Market Movements with OrderBlock Precision Trader Welcome to the future of trading, where precision meets profitability. OrderBlock Precision Trader is not just an expert advisor; it's your personal trading ally designed to elevate your strategies and optimize your results. Packed with advanced features and a comprehensive trading approach, this EA opens the door to a new era of trading excellence. Are you ready to elevate your trading game and gain an edge in the fin
"GoldenSwing" is a comprehensive MetaTrader 5 indicator meticulously crafted by Southern Star Trading, designed to enhance your trading strategies with precision swing high and swing low identification. Harnessing the power of swing analysis, this indicator provides traders with invaluable insights into market reversals and trend continuations, enabling them to make informed trading decisions. With its advanced algorithm, GoldenSwing detects significant swing highs and swing lows in real-time
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