Market Pulse Indicator
- Indicadores
- Dominic Michael Frehner
- Versão: 1.0
- Ativações: 5
The Market Pulse is a versatile MT5 indicator that combines multiple market metrics into a single tool to display trend direction, momentum, volume flows and key price levels. Its goal is to give traders clear signals and visual aids for identifying entry and exit points.
Indicator overview
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Dynamic Profit-Wave EMAs (fast, medium, slow)
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Buy and sell arrows
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Colored candles (bullish/bearish)
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Support and resistance lines
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Optional price channel
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Money Flow Index (MFI) with trend- and signal-dots
Key features
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Volatility filter: reduces false signals during sideways markets
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Adaptive EMAs (8/13/21) to gauge trend strength
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Automatic S/R lines based on pivot points
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MFI filter for volume‐flow confirmation
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Price channel to visualize extreme zones
Inputs in detail
Signal settings
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Max. Bars Back: maximum number of bars to look back (default 1000).
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Enable Buy & Sell Signals: toggle buy/sell arrows on or off.
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Buy Signal Color: color for buy arrows (default green).
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Sell Signal Color: color for sell arrows (default red).
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Enable Chop Filter: toggle volatility filter (suppresses signals in choppy markets).
Profit-Wave settings
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Enable Profit Wave: toggle the three EMAs on or off.
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Fast EMA Color: color of the fast EMA (default aquamarine).
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Medium EMA Color: color of the medium EMA (default deepskyblue).
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Slow EMA Color: color of the slow EMA (default blue).
Candle coloring
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Enable Candle Color: toggle colored candles by trend on or off.
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Bullish Candle Color: color for bullish candles (default teal).
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Bearish Candle Color: color for bearish candles (default crimson).
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Match Candle To: choose whether candles follow the trend or the slow Profit-Wave EMA.
Support & resistance lines
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Enable S/R Lines: toggle S/R lines on or off.
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Resistance Lines Color: color of resistance lines (default red).
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Support Lines Color: color of support lines (default green).
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Line Style: style of the lines (dotted, solid, etc.).
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Line Width: thickness of the lines.
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Extend Lines Until: extend until price touches or closes beyond the line.
Price channel
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Enable Price Channel: toggle the channel bands on or off.
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Bottom Channel Color: color of the lower band (default green).
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Top Channel Color: color of the upper band (default red).
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Extend Lines Left/Right: extend channel left or right.
Money Flow Index (MFI)
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MFI Length: look-back period for MFI calculation (default 10).
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TrendSwitch Dot Size: dot size for trend-change indicator.
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Signal Dot Size: dot size for MFI-based trade signals.
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Bullish MFI Color: color of bullish MFI dots (default lime).
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Bearish MFI Color: color of bearish MFI dots (default red).
Signal interpretation
Buy/sell arrows
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Green arrow (▲): possible long entry when trend, volume and EMA conditions align.
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Red arrow (▼): possible short entry.
Colored candles
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Teal: bullish market, per the chosen method.
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Crimson: bearish market.
Profit-Wave EMAs
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Fast EMA (8): ultra short-term trend.
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Medium EMA (13): confirmation of the intermediate impulse.
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Slow EMA (21): the primary trend.
Support/resistance lines
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Drawn automatically at pivot points.
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Use as reaction levels and for stop-loss / take-profit placement.
Price-channel bands
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Upper/lower bands mark short-term extreme zones.
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Breakouts at the bands can signal further movement.
MFI indicator dots
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Lime dot: MFI above 52, buying pressure.
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Red dot: MFI below 48, selling pressure.
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Dots appear only when the volume filter is active.
This is not financial advice! This is a real-time indicator and does not repaint.