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Market Follower

5

The Market Follower indicator displays two types of potential entry points on the chart (by trend and absolute reversal points).

The entry point by the trend is displayed by a circle. The indicator qualifies the presence of a trend at a certain interval by a certain algorithm. Then it displays a potential entry point after a rollback (correction). For the successful use of these entry points, it is recommended to use at least M30 timeframe with a confirmation on smaller timeframes.

The Absolute reversal points assume that at least a correction of price movement starts at them (and may be even a reversal). They are displayed as arrows on the chart. These points take into account the movements in several timeframes. I recommend to open a higher timeframe (for example, M15) to obtain data on the main one (for example, M5). Sometimes, entry points by trend and absolute reversal points coincide. These signals are the strongest ones.


Parameters

  • Accuracy – degree of accuracy of the entry signal. It can vary from 0 to 20. The default is 10. Accuracy of signals decreases with the decrease of the parameter, but their numbers increase.
  • Alert – you can set an alert when a signal appears. True – display alert, False – no alert. The default value is False. An example of Alert: "MF (indicator name) ABSOLUT (signal type ABSOLUT or TREND) USDCAD(currency pair) _M15 (timeframe) - SELL (BUY or SELL trade)".
  • E-mail – send an E-mail when a signal appears. True – send email, False – no email. The default value is False. The content of the email is similar to the alert. Subject of the email: "Market Follower". Make sure the Tools-Options-Email parameters are set correctly in the MetaTrader 4.
Recensioni 1
Tobias Grosse
971
Tobias Grosse 2016.07.27 15:01 
 

signals are very good, I use accuracy=20.

the alert function is helpful as TF H4 or D1 is used and signals come rarely.

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Indicatori
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Alexey Surkov
5 (2)
Indicatori
The Trend Trade indicator displays assumed turning points of the price on the chart in the direction of the trend after correction. It is based on data of the Prise Reversal oscillator with the period 6 and indicators which characterize strength and availability of the trend. When the value of Prise Reversal is in overbought or oversold area (area size is set by a user), and the current trend is confirmed, the Trend Trade indicator draws an arrow pointed to the further assumed price movement.
Turning point of price
Alexey Surkov
5 (1)
Indicatori
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National Prise Reversal
Alexey Surkov
Indicatori
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Indicatori
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Alexey Surkov
Indicatori
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Alexey Surkov
4 (1)
Indicatori
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Alexey Surkov
4.5 (2)
Indicatori
Oscillyator 3TF displays data on standard oscillators (RSI, MFI, STOCH, CCI, DeM, Momentum) on the current and two following timeframes. The modified version of Price Reversal oscillator is also added. The indicator allows you to track the situation on higher timeframes and select suitable entry points when oscillator lines are in oversold/overbought zones. The indicator may notify of all three lines located in specified zones via alerts, emails, and push notifications. Parameters Period – in
MultiTimeFrame Moving Average
Alexey Surkov
Indicatori
The indicator MultiTimeFrame Moving Average shows the value of a Moving Average from any higher timeframe on the current chart. Usually, at such points the price finds support or resistance, for example, on H1, H4, D1. Inputs TimeFrame - timeframe the Moving Average is based on. MA_method - Moving Average calculation method. MA_price - Moving Average calculation price.
Intraday Taker Main
Alexey Surkov
Indicatori
The Intraday Taker Main indicator displays specific points of potential market entries on the chart. It is based on the hypothesis of the non-linearity of price movements, according to which the price moves in waves. The indicator displays the specified points based on certain models of the price movement and technical data. It has three types of signals. Only arrows are considered trade signals, others are indicative signals. The indicator does not redraw. Indicator Parameters Taker – paramet
Intraday Taker Oscillator
Alexey Surkov
Indicatori
Intraday Taker Oscillator indicator is an integral part of the trading system Intraday Taker, which also includes indicators: Intraday Taker Main and MultiTimeFrame Moving Average . This indicator displays the data on the current integrated oscillator and four next timeframes. The indicator allows you to track the situation on higher timeframes and select suitable entry points when oscillator lines are in oversold/overbought zones. The indicator may notify of all three lines (the current and two
Prise Reversal mt5
Alexey Surkov
Indicatori
The oscillator uses data of standard indicators and some patterns of price movement. Using this data, it forms its own (more accurate) signals of a change in the direction of the price movement. Prise Reversal helps to identify reversal points during the flat, and the price extremums during the trend. At these points, you can enter counter trend with a short take profit. Besides, it indicates time intervals when it is too late to open a trend-following deal. After a few days of using the indicat
Turning point of price mt5
Alexey Surkov
Indicatori
The Turning point of price indicator displays assumed turning points of the price on the chart. It is based on data of the Prise Reversal oscillator and standard ADX. When the value of Prise Reversal is in overbought or oversold area (area size is set by a user), and the value of the ADX main line exceeds the preset value, the Turning point of price indicator draws an arrow pointed to the further assumed price movement. This idea is described in the article Indicator of Price Reversal . Inputs
Trend Trade mt5
Alexey Surkov
Indicatori
The Trend Trade indicator displays assumed turning points of the price on the chart in the direction of the trend after correction. It is based on the data of the Prise Reversal oscillator with the period 6 and indicators which characterize strength and availability of the trend. When the value of Prise Reversal is in overbought or oversold area (area size is set by a user), and the current trend is confirmed, the Trend Trade indicator draws an arrow pointed to the further assumed price movement
Correct Entry mt5
Alexey Surkov
Indicatori
The Correct Entry indicator displays specific relatively correct points of potential market entries on the chart. It is based on the hypothesis of the non-linearity of price movements, according to which the price moves in waves. The indicator displays the specified points based on certain price movement models and technical data. Indicator Input Parameters: Сorrectness – The parameter characterizes the degree of accuracy of the entry signals. Can vary from 0 to 100. The default is 100. Accura
Filtro:
Tobias Grosse
971
Tobias Grosse 2016.07.27 15:01 
 

signals are very good, I use accuracy=20.

the alert function is helpful as TF H4 or D1 is used and signals come rarely.

Rispondi alla recensione
Versione 23.31 2023.03.03
Minor edits, optimization.
Versione 21.111 2021.11.21
Updated for a new build for stable operation.
Versione 2.10 2016.08.15
Alert has been optimized.
Versione 2.0 2016.08.05
Alert functions have been optimized.
Added ability to send Push-notifications.