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Recovery Scalping indicator

This indicator is for scalpers who want to make profit from recovery and retracements.

As a scalping indicator, you won't win big but small and steady profits.

How to use this?

  • Open a stop buy order if the price close below the "Recovery" at the recovery price with a TP at the "Expected recovery".
  • It's best to use with an EA to open orders automatically closing at the current "Expected recovery" instead of setting a TP.
  • Doing so will ensure orders will close no matter where the price go without a TP and SL with "Expected recovery" as the closing condition.
  • Using a grid to open orders with the signal with a multiplication will ensure you'll be closing with a profit if the price went further down without hitting "Expected recovery".
  • Recommended setting for parameters are Period - 14, Recovery - 0.05, Expected Recovery - 0.25.
  • This is currently for recovery only and I will add retracement indicator later as well.
  • The indicator is still in development and will adjust further to ensure profit.
  • While it is still usable in any market conditions it's advised to be used after swings.

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END OF SEASION 2024 , New Deals, Enjoy Reduced Prices on All Products! ️ BONUS AUX VIP Club 2024 : Include EA Check Endpoint, EA Trade Manager, etc to enhance the performance of this tool to its maximum potential Click Here to Download Files ( for users only ) FREE Trading Education Available Daily via Zoom --- For More Info or Instant Message Click link --- https://t.me/abcdwave Direct analysis from several students on the t.me/FXGoldWatch Telegram Public Channel T
Ershov 38 parrots MT5
Aleksei Ershov
Göstergeler
The indicator is designed to close positions on the market in time. For example: to take profits ahead of schedule if the price has not reached TakeProfit, and the market is turning around. The indicator analyzes the momentum, not the trend. He does not give any information about the trend. The indicator is well suited for finding divergence. The Ershov 38 Parrots indicator dynamically adjusts to the market and detects price movement impulses of medium and high amplitude. It almost does not rea
Piranha version 2
Maria Strudov
5 (1)
Göstergeler
"Piranha" - an autonomous trading system that determines overbought and oversold levels on the chart. Red and blue zones represent overbought and oversold levels respectively. Entry points are marked with arrows: a downward arrow in the red zone for "sell" and an upward arrow in the blue zone for "buy". The Take profit level is indicated by the green moving average. Key features: Adjusting the Take profit level as the green moving average changes position. Averaging ability when a new market e
Engulfing Candles With MA
Hisham Ahmed
Göstergeler
Bu İkili Opsiyon Göstergesidir. Hareketli Ortalama Sinyal onayıyla Yutan Mumları hesaplar. Yeşil Alış ve Kırmızı Satış okları grafikte görüntülenir. Birden fazla çift (EUR/USD, EUR/JPY, USD/JPY...vb.) içeren 3 Dakika ve 5 Dakika grafiğinde test edilmiştir. Pocketoption OTC piyasasının yanı sıra EUR/JPY OTC ve EUR/USD OTC üzerinde de çalışacaktır. Yeni Başlayanlar İçin, Martingale kullanıyorsanız önerilen ayarlar şunlardır: İlk yatırım: 1,00$ Martingale Çarpanı: 2,5 Martingale adımları: 5
Carnaval mt5
Petro Lytvynov
Göstergeler
This is an indicator that includes the best basic forex indicators, without redrawing. Based on this data, a sell or buy signal is generated. It does not disappear anywhere after the signal, which gives us the opportunity to see the results on the history. It can be used on any currency pair, crypto, metals, stocks It is best used on an hourly chart, but other periods are also acceptable. The best results for the period H1,H4,daily If customers have any questions, I will answer them and
Multiple Symbols Price Action Scanner Pro MT5
Yu Fan Zhang
Göstergeler
Price Action Scanner Pro is an indicator that identifies price behaviors and provides alerts, offering more features and customization compared to Price Action Scanner. This indicator can simultaneously detect signals for up to 15 symbols across different timeframes. You can configure it to detect signals during specific trading sessions such as Asian, European, and US sessions, using different timeframes. This allows you to use lower timeframes for active trading periods and higher timeframes
Elliot Waves Analyzer Pro
Viktor Weidenthal
2.67 (3)
Göstergeler
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
FX CyberBot MT5 Inc 8Pairs 8TF 8Shadows Indicators
Tjia Elisabeth Jasmine Canadi
Göstergeler
'CyberBot Project" is a cutting-edge product with a hybrid formula of "ALGO~VX7", the first in the MQL5 market > It's got a high-level mastermind algorithm that gives u Multi Indicator + 5 Ossillators all in one. With the ability to analyze 8 Pairs + 8 Timeframes + 8 Shadows at once, including Pivot, Support, and Resistance functions, it gives individual traders pro-level tools. Super practical + powerful, for everyone from newbies to pros. No theory needed, it's all real "wysiwyg" -- the subco
BookMap HeatMap
Roberto Spadim
1 (2)
Göstergeler
This Indicator creates a heatmap based on depth of market of the current symbol or another symbol. Other symbol is useful when you trade futures market and a contract has 'mini' and 'full' split. For example, in Brazil (B3 - BMF&Bovespa), WDO and DOL are future Forex contract of BRL/USD (where 1 DOL = 5 WDO) and big banks work mostly with DOL (where liquidity is important). Please use with M1 timeframe , objects are too small to be displayed at higher timeframes (MT5 limit). The number of level
GannTools
issam rahhal sabour
Göstergeler
GannTools Indicator The GannTools Indicator is a powerful trading tool inspired by W.D. Gann's strategies. This indicator provides traders with dynamic support and resistance levels, trend analysis, and key price patterns using Gann angles and cycles. Key Features: Customizable Gann Fans, Angles, and Cycles for precise market analysis. Automatic identification of key price levels and trend directions. Works on all timeframes and instruments for flexible trading strategies. Integrated visualiz
XCalper TFO
Aecio de Feo Flora Neto
Göstergeler
This oscillator was developed exclusively by xCalper in 2015 based on moving averages calculations to indicate and try predicting oversold and overbought levels. The fast line (white, by default) oscillates basically between values -0.5 (oversold) and +0.5 (overbought). Whenever this line crosses upward value -0.5, it means an oversold price level. When it crosses downward value +0.5, it means an overbought price level. When fast line crosses value 0.0 and returns, it is a strong pull-back indic
Smooth price for Monarch
Konstantin Gruzdev
5 (1)
Göstergeler
The Smooth Price technical indicator is used for plotting a smoothed line as close to the price of the financial instrument as possible, and serves to eliminate its noise components. The indicator is part of the Monarch trading system, but here it is presented as an independent technical analysis tool. The indicator is based on the cluster digital filter , which, unlike the ClusterSMA , is applied directly to the price time series. Smooth Price does not redraw (except the very last, zero bar) an
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Sürüm 1.4 2024.12.18
Added retracement signal lines.