Technical Indicator - MetaTrader5 (Page 4)

Mastering the Average Range Indicator for MetaTrader 5

Hey fellow traders! Today, let’s dive into the Average Range Indicator for MetaTrader 5 and see how it can help you pinpoint target levels based on average price movements. This nifty tool calculates levels on various timeframes—be it yearly, monthly, weekly, or even on a 4-hour chart. Let’s break down how these levels are set up: Open Buffer: This is simply the price at the beginning of the period: OpenBuffer[i] = PeriodOpenPrice; High Buffer: This level shows the average range added to the opening price: HighBuffer[i] = PeriodOpenPrice + adr/2; Low Buffer: Conversely, this is the average range subtracted from the opening price: LowBuffer[i] = PeriodOpenPrice - adr/2; Max High Buffer: This indicates the extreme high for the period: MaxHighBuffer[i] = PeriodOpenPrice + adr; Min Low Buffer: This one shows the extreme low: MinLowBuffer[i] = PeriodOpenPrice - adr; With these levels, you can better gauge potential price movements and make more informed trading decisions. So, give the Average Range Indicator a shot in your trading strategy! It might just be the edge you’ve been looking for.

2025.08.17

MetaTrader5

Maximize Your Profits with the Profit Maximiser Indicator for MetaTrader 5

Unlock Your Trading Potential with the Profit Maximiser If you're looking to boost your trading results, the Profit Maximiser indicator for MetaTrader 5 is a tool you won't want to overlook. This powerful indicator helps traders identify key support and resistance levels, trends, and more, making it easier to make informed trading decisions. Key Features of the Profit Maximiser SuperTrend: This feature helps you catch trends early, allowing you to ride the wave of price movements. Resistance Levels: Identifying resistance levels can help you avoid potential pitfalls in your trades. Support Levels: Knowing where support lies can provide a safety net for your trades. Trend Analysis: Stay ahead of the market by understanding the current trend dynamics. With these features at your fingertips, the Profit Maximiser can help you navigate the trading landscape with confidence. Whether you're a seasoned pro or just starting out, this indicator can be a game-changer. Get Started Today! Ready to take your trading to the next level? Give the Profit Maximiser a try and see how it can help you maximize your profits. Happy trading!

2025.08.16

MetaTrader5

Mastering the Price Percentage Zigzag Indicator for MetaTrader 5

Hey there, fellow traders! Today, let’s dive into a unique indicator that's been making waves in the trading community—the Price Percentage Zigzag for MetaTrader 5. Unlike traditional zigzag indicators, this one doesn’t get tangled up with timeframes. Instead, it focuses purely on price movements, adjusting its legs based on percentage changes from price extremes. This clean zigzag structure is the brainchild of Evgeniy Chumakov, who originally showcased this design in his MQL4 ‘Autoscale Zigzag’. You’ll find credit to him in the code, as his framework inspired this version. As the creator of this MQL5 indicator, I’ve made some tweaks to set it apart from the Autoscale zigzag. Instead of relying on a scale, this version uses a price percentage input, making it versatile across all securities. Now, keep in mind that while this zigzag can be a helpful tool, it shouldn't be your sole decision-maker for trades. Think of it more as a trend police officer—similar to the Renko charts. To get the best results, try using it alongside a momentum oscillator. This combination can help you pinpoint the right moments to jump into the market.

2025.08.15

MetaTrader5

Unlocking the EQ Dashboard: Your Go-To Indicator for MetaTrader 5

If you’re looking to level up your trading game, the EQ Dashboard indicator for MetaTrader 5 is here to help. Let’s dive into what this tool offers! What’s New?Compared to the previous version, the EQ Dashboard comes packed with a host of features: Automatic tracking of your 'Market Watch'—adding and removing symbols seamlessly. Real-time updates for any changes in active symbols. Temporary saving of settings if you need to switch off the terminal. User-friendly interface, allowing you to reset, change color themes, minimize, or close the indicator with ease. Objective: Identify volatility flattening for spread and equity trading. Visual analysis of spread trading efficiency. Spot entry and exit opportunities for equity trading. How It Works: Volume and direction settings are applied to each active pair. Cumulative profit/loss from all positions is calculated. The results are displayed as an equity line in a subwindow. Getting Started: Set your volumes, directions, and activate your pairs. Determine the drawing history depth in bars. Optionally set your initial balance. Important Notes: Bear in mind that spreads, commissions, and swaps are not factored into these calculations. These insights stem from a thorough understanding of how the mechanism should function. The EQ Dashboard is still in its experimental phase, focusing on a lesser-known technique for profit extraction in spread and equity trading. There’s a lack of comprehensive definitions and instructions available, leading to fragmented knowledge across the board. For those interested in discussing this further, you can check out ongoing conversations on the topic here. Next Steps: Conduct visual analyses of flat strategies, utilizing optional Bollinger Bands, Convergence Levels, and more. Automate the identification of optimal portfolios or basket designs for spread/equity trading—finding or crafting a suitable formula is key (I admit, math isn’t my strong suit!). Algorithmize trading by creating the EA itself for favorable outcomes. PS: We’d love to hear your thoughts, insights, or comments about the EQ Dashboard. Whether here or in the discussion thread, your input could help enhance the implementation of this indicator!

2025.08.14

MetaTrader5

Mastering Currency Pair Correlations with the AIS Indicator on MetaTrader 5

Hey fellow traders! If you're diving into the world of forex trading, understanding currency pair correlations can be a game-changer. Today, I'm going to introduce you to the AIS Correlation Indicator for MetaTrader 5, a tool that can really help you get ahead. This nifty indicator shows you the correlation between two currency pairs, helping you to make informed decisions based on their movements. It brings together several approaches that I think you'll find quite fascinating. Indicator Settings: SecSymbol - This is the second currency pair that the correlation is based on; Type - Here, you can choose the type of correlation you want to analyze; iPeriod - This refers to the indicator period you wish to observe. This indicator is perfect for traders who are active on multiple currency pairs. It enables you to assess how two symbols diverge or converge, giving you valuable insights for your trading strategies. By analyzing this divergence, you can make well-informed trading decisions that could boost your success.

2025.08.08

MetaTrader5

Harnessing Bollinger Bands Crossover Signals for Effective Trading

Overview If you're looking to sharpen your trading strategies, you might want to check out this custom indicator that pairs Bollinger Bands with clear Buy/Sell arrows right on your chart. This nifty tool automatically detects when the price crosses above the lower band or below the upper band, plotting arrows so you can spot potential reversal points at a glance, especially during those volatile market moments. How It Works The indicator uses the built-in iBands function to calculate Bollinger Bands. Buy Signal (Blue Arrow) → This pops up when the price closes below the lower band on the previous candle and then closes above it on the next candle. Sell Signal (Red Arrow) → This shows up when the price closes above the upper band on the previous candle and then drops below it on the next candle. You'll see signals appear only once per direction until an opposing signal triggers, which helps keep your chart clean and avoids clutter from repeated arrows. Feel free to show or hide the Bollinger Bands based on your personal preference. Indicator Features Clear Buy/Sell Arrows directly on the chart. Optional display of the Upper, Middle, and Lower Bollinger Bands. Compatible with all symbols and timeframes. Utilizes non-repainting logic (signals are confirmed after the candle closes). Easy customization of parameters to fit your trading style. Input Parameters Parameter Description BB_Period            The number of bars used for calculating Bollinger Bands (default: 20). BB_Deviation Standard deviation multiplier for the bands (default: 2.0). BB_Price The price type applied for Bollinger Bands (Close, Open, High, Low, etc.). Show_BBands If true, the Bollinger Bands will be displayed on the chart; if false, they'll be hidden. Usage Example Attach the indicator to your chart. Set BB_Period and BB_Deviation to match your trading style. Look out for blue arrows near the lower band (indicating potential buys) and red arrows near the upper band (suggesting potential sells). For better accuracy, pair this with other confirmations like trend filters or candlestick patterns. Trading Tips This indicator shines in sideways or ranging markets where price frequently interacts with Bollinger Bands. In strong trending markets, consider combining it with a trend filter (like moving averages) to steer clear of counter-trend signals. Always test your settings on your chosen symbol and timeframe to ensure they work for you. Screenshot 📜 Disclaimer This indicator serves as a technical analysis tool and doesn't promise profits. Pair it up with robust risk management and other trading strategies for the best results.

2025.08.08

MetaTrader5

Master Custom Fractals: A Must-Have Indicator for MetaTrader 5

If you're looking to refine your trading strategy, the Custom Fractals indicator for MetaTrader 5 is a game-changer. This handy tool allows you to customize how many bars you want to form a fractal, which essentially identifies peaks or troughs in the market. For instance, you can set it up with 5 bars to the left and 2 to the right. With these settings, you can effectively spot both tops and bottoms in price action.

2025.08.07

MetaTrader5

Understanding ATR Percent: Your Guide to Volatility in MetaTrader 5

If you're diving into trading, you might have come across the ATR Percent indicator in MetaTrader 5. So, what exactly is it? Well, ATR% is a volatility indicator that expresses the Average True Range (ATR) as a percentage. Essentially, it measures the average price movement over a specific period, factoring in daily highs and lows, plus any potential price gaps. The indicator maxes out at 100%, which represents the highest volatility an asset can experience. On shorter timeframes, you’ll typically see ATR% values hovering around 3%, while on longer timeframes, those values can definitely climb higher. Now, how do you actually calculate ATR%? It's pretty straightforward! The formula goes like this: ATRP = (ATR / Close) * 100. Here, ATR is the average of the largest price movements over your chosen period, and 'Close' refers to the current price of the asset. In summary, ATR% is a handy tool for gauging market volatility. Understanding how it works can give you an edge when it comes to making informed trading decisions.

2025.08.06

MetaTrader5

Mastering Trading with the Value Area Retracement Volume Indicator for MT5

If you're diving into the world of trading, you might want to check out the Value Area Retracement Volume (VAR) Indicator for MetaTrader 5. This nifty tool is designed to help you analyze price movements within the Value Area—that sweet spot where about 70% of trading volumes occur based on Market Profile analysis. Key Levels: It pinpoints crucial price zones and extremes in your trading profile. Volume-at-Price (VAP): On the X-axis, you’ll see price levels matched up with volume data, giving you insights into where liquidity is concentrated. Retracement Logic: This feature helps you spot pullbacks into those high-volume nodes (Value Area), signaling potential reversals or continuations. Technical Note: The VAR Indicator combines Market Profile concepts, like brackets and profile highs, with volume profiling. This fusion is a game-changer for identifying institutional footprints and significant retracement zones. Plus, it might even encode time-price-volume mappings for those who like to backtest their algorithms. Whether you're a scalper or a swing trader, leveraging the VAR can be a solid way to confirm your entry and exit points near high-volume retracement levels—perfectly in line with auction market theory.

2025.08.03

MetaTrader5

Unlock Trading Potential with Smart Fibonacci for MetaTrader 5

Key Features Automatic Wave Detection: This nifty tool automatically spots major price swings and lays down Fibonacci levels for you. Comprehensive Fibonacci Levels: It includes a whopping 23 Fibonacci levels encompassing retracement (0%, 23.6%, 38.2%, 50%, 61.8%, 76.4%, 88.6%, 100%), extension (127.2%, 138.2%, 161.8%, 200%, 261.8%), as well as some negative levels. Multiple Retracements: You can showcase up to 4 different Fibonacci retracements at the same time, with customizable colors to suit your style. Pattern Recognition: The indicator can identify four key market patterns: continuation of uptrends, continuation of downtrends, recent upswing, and recent downswing. Body-to-Body Mode: A special feature designed for JPY pairs, allowing for precise measurements of candle bodies. Customizable Display: Tailor your viewing experience with adjustable colors, labels, fonts, and line styles. Main Parameters SF_ScanBars: Number of bars to analyze for wave detection (default: 200) SF_RetracementCount: Choose how many retracements to display (1-4) WaveDetectionDepth: Sensitivity for wave detection (default: 5) WaveDeviationPips: Minimum price movement to register (default: 3) SF_ShowLabels: Option to display level labels with prices How to Use It This indicator takes the hassle out of analyzing price action. It automatically detects wave patterns and draws Fibonacci levels, making it compatible with all timeframes and instruments. You’ll find it particularly effective on H1 and higher timeframes. Compatibility Works seamlessly with the MT5 platform—suitable for all pairs and across all timeframes.

2025.08.03

MetaTrader5

Unlocking the EQ Indicator for MetaTrader 5: A Trader's Guide

As traders, we all know that understanding our performance is key to success. The EQ indicator for MetaTrader 5 is designed to help you visually analyze your trading performance, especially when it comes to spread and equity trading. OBJECTIVE: Identify volatility-flattening scenarios for spread and equity trading. Conduct a visual analysis of spread trading efficiency. Pinpoint entry and exit points for equity trading. HOW IT WORKS: Volume and direction are set for each active pair. Cumulative profit and loss from all positions are calculated. The results are displayed as an equity line in a subwindow. HOW TO USE THE EQ INDICATOR: Set up volumes, directions, and activate the currency pairs you want to trade. If needed, specify the symbol suffix. Decide on the depth of the drawing history in bars. Optionally, set your initial balance. IMPORTANT NOTES: The calculations do not factor in spreads, commissions, or swaps. The number of symbols is limited. This indicator is still in the experimental phase, and performance optimization is a work in progress. Understanding how the EQ indicator functions is crucial for any trader looking to master spread/equity trading. Currently, I'm exploring the intricacies of this technique, and it’s a journey filled with learning. You can find more discussions on this topic at this forum thread. NEXT STEPS: Conduct a visual analysis of flat strategies from channel boundaries. Consider adding optional indicators like Bollinger Bands or Dynamic Levels. Develop a dashboard to display all available symbols on your chart, allowing for real-time customization of the EQ indicator. Automate the identification of optimal portfolio designs for spread/equity trading, which is crucial for maximizing profits. Create your own Expert Advisor (EA) based on favorable results from your strategies. PS: Feel free to share your thoughts, insights, or experiences with the EQ indicator either here or in the forum thread. Collaborating can lead to even better implementations of this tool!

2025.07.30

MetaTrader5

Understanding the Bull Bear Volume Indicator for MetaTrader 5

The Bull Bear Volume indicator is a powerful tool that helps traders dissect market volume into buyer and seller segments. By visualizing volume pressure through overlaying histograms, it offers a clear picture of market dynamics. This indicator was initially part of a trading software called Amibroker. It sparked discussions on trading forums, where many traders expressed interest in converting it to mql4. However, I took it a step further and decided to convert it to mql5, using my best understanding of the original design. While I’m proud to have authored this mql5 version, I want to give credit where it’s due. The original design is the brainchild of Nick Molchanoff, and his work greatly inspired this adaptation. For those interested in further details, you can check out the original forum discussion here.

2025.07.30

MetaTrader5

Mastering BBMA ZoneZeroLoss: A Trader's Guide to the Ultimate Indicator

Introducing Oma Ally and the BBMA Strategy Meet Oma Ally, a savvy trader from Malaysia who crafted the BBMA strategy, a powerful trading approach that marries Bollinger Bands with moving averages. This method has taken the trading community by storm, particularly among traders in Malaysia, Indonesia, and Brunei. Diving into the BBMA Setups The BBMA strategy is not just one-size-fits-all; it features several setups, with the standout being the "Reentry" setup. This setup is designed for those moments when you want to jump back into the market after a price correction aligns with the primary trend. It’s all about pinpointing the right entry and exit points to maximize your trading potential. Understanding the Zero Loss Zone Now, let’s talk about the Zero Loss Zone, a key concept within the BBMA strategy. This is your go-to area for identifying optimal trading spots, especially for those re-entry setups, where your risk is kept to a minimum. By following specific criteria—like spotting strong trend candles and checking the positions of certain moving averages—you can position yourself to trade with minimal risk of loss.

2025.07.29

MetaTrader5

Maximize Market Precision with the ServerTime Indicator for MetaTrader 5

Key Features: Displays server time (not your local time) for precise market monitoring. Offers customizable text colors and font sizes to fit your chart layout seamlessly. Optional visualization for daily symbol changes (% change) to keep you informed. Designed for minimal CPU usage, ensuring your platform runs smoothly. Input Parameters: Show Daily Change (true/false) Font Size Text Color This indicator is perfect for traders who need reliable server time tracking wrapped in a clean and efficient design.

2025.07.28

MetaTrader5

Mastering the Boom Index Spike Pattern for MetaTrader 5

Hey there, fellow traders! If you're diving into the Boom Index arena, you’ll want to get the hang of the Spike Pattern, especially when using MetaTrader 5. Let’s break it down! Bullish Spike Pattern Detection This pattern is a classic 3-bar setup: 1st candle: A solid green candle with a large body (this is your bullish spike). 2nd candle: A red candle indicating a pullback. 3rd candle: Another green candle with a large body, confirming the bullish spike. When this setup appears, it creates a zone. Zone Creation A blue rectangle is drawn covering the high and low of the 3 candles. A lime green horizontal entry line is placed at the open price of the middle (2nd) candle. This line extends well into the future until the price returns. Inputs Explained mq5 input color BoxColor = clrBlue; // Color of the 3-candle pattern box input color EntryLineColor = clrLime; // Color of the entry line input ENUM_LINE_STYLE EntryLineStyle = STYLE_SOLID; // Style of the entry line input int BoxWidth = 2; // Width of box border input int EntryLineWidth = 2; // Width of entry line input int EntryLineLength = 200; // How far the entry line extends These inputs give you complete control over the appearance of the box and entry line. Core Idea We’re on the lookout for a 3-candle bullish pattern: 1. First candle – a strong bullish spike 2. Second candle – a bearish retracement 3. Third candle – another strong bullish spike Once this pattern is spotted, we draw: - A box around the pattern - A horizontal line at the open of the 2nd candle (entry point) When the price returns to that line (we call this

2025.07.21

MetaTrader5

Mastering the Crash Spike Trade Pattern with MT5 Indicator

Welcome to the world of trading! Today, we're diving into a powerful MT5 indicator that helps you spot Crash market spike patterns through a unique 3-candle formation. Understanding the Spike Pattern The pattern consists of a Red-Green-Red candle formation, where the red candles represent strong spikes, and the green candle indicates a retracement in between. Once this pattern is identified, the indicator draws a box around the high and low of these three candles. It also places a horizontal entry line at the open price of the middle candle. This entry line remains active until the price returns to that level, signaling a potential trade opportunity. Once the entry price is reached, the entry line is replaced by a shorter fixed line that connects the pattern to the mitigation candle. This nifty tool works on both historical and real-time candles. It visually assists in identifying potential return-to-zone trading opportunities. Input Parameters Input Name Description BoxColor Color of the zone box (default: Red). LineColor Color of the entry line (default: Dodger Blue). BoxWidth Thickness of the zone box border. LineWidth Thickness of the entry line. BoxStyle Style of the box border (solid, dashed, etc.). LineStyle Style of the entry line (solid, dashed, etc.). Spotting the Bearish Spike Formation Now, let's break down the specific bearish spike formation that this indicator detects: Candle 1: Bearish (Red candle). Long wick. The body must be greater than 70% of the total candle range (indicating a strong spike). Candle 2 (Middle): Bullish (Green candle). Can be any size; just needs to be positive. Candle 3: Bearish again. Same condition as Candle 1: body must be > 70% of the full range. When this pattern is identified: The indicator highlights a "supply zone" formed by aggressive selling. A box is drawn around the high and low of the three candles. An entry line is drawn at the open price of the middle (green) candle, anticipating price to return. Core Strategy Concept This indicator is rooted in the Smart Money Concept (SMC), particularly focusing on mitigation zones and supply/demand imbalances. After a strong bearish impulse, price often retraces back to the origin of the move (the middle candle). The indicator visually marks this area as a “mitigation zone”. When price returns to this zone (entry line), it's considered "mitigated", and traders can look for re-entry or a market reaction. After mitigation, the entry line is removed for a cleaner chart, and a shorter line is drawn to indicate mitigation. Practical Application Look for return-to-box trades. This strategy can be effectively used for sell setups on Crash markets (or Boom with inversion). It pairs excellently with other indicators (like EMA, OBV, or order block confirmations).

2025.07.21

MetaTrader5

SuperTrend Indicator for MetaTrader 5: Your Go-To Tool for Trend Detection

SuperTrend Indicator – Precise Trend Detection Made Simple Overview The SuperTrend Indicator is a fantastic tool that sits right on your price chart, giving you real-time insights into trend direction along with high-probability entry and exit signals. Whether you're a scalper, swing trader, or looking to make moves during the day, this indicator adjusts to market volatility using the ATR (Average True Range), ensuring you're quick to spot trend reversals. Key Features Real-time trend shifts highlighted with colored signals Clear buy/sell signals based on price crossing the trend line Built-in smoothing that filters out market noise Compatible across all timeframes and instruments (Forex, stocks, crypto, indices) Perfect for both newbies and seasoned traders Easily integrates with any trading strategy (like EMA, price action, support/resistance) Input Parameters Parameter Description ATR Period  Sets the number of bars used to calculate the Average True Range. Default: 10 Multiplier The factor applied to the ATR to adjust the SuperTrend line. Default: 3.0 Price Type Selects which price to apply the ATR (e.g., Close, High/Low, etc.) Line Width Controls the thickness of the SuperTrend line Color Settings  Customize colors for uptrends and downtrends for better visibility How to Use Buy Signal: When the price closes above the SuperTrend line, it indicates a bullish trend. Sell Signal: When the price closes below the SuperTrend line, it signals a bearish trend. For the best results, combine with other indicators (like RSI, EMA, or candlestick patterns). Best Practices Stick to using it on H1 or higher for clearer trend detection. Consider adding ATR or Volume indicators for extra context. Use the SuperTrend as a confirmation tool in a multi-indicator strategy or go solo for trend-following. Take Your Trading to the Next Level The SuperTrend Indicator is your ally in staying on the right side of the market while cutting through the noise. Whether you’re trading breakouts, trends, or pullbacks, this tool lends clarity and precision to your trading charts.

2025.07.19

MetaTrader5

Master Your Timing with the Moving Price Line Indicator for MT5

If you've ever found yourself waiting for the perfect moment to execute a trade, the Moving Price Line Indicator for MetaTrader 5 might just be your new best friend. This handy tool helps you easily track when the price hits a specific time on any candle or time frame. Whether you're eyeing a trade to take place at 9:00 AM or any other specific time during market hours, this indicator has got you covered. With this indicator, you can stay on top of your trading game by knowing exactly when the price reaches your desired time. It’s particularly useful if you’re trading across different market sessions or time zones. Recently updated to version 1.1, the indicator now includes the day of the week, making it easier to remember your trading days. You’ve also got the flexibility to customize the width and color of the line, adjust the time text, and decide how far you want the time to be from the current candle. Give it a try, and I hope you find it as useful as I do!

2025.07.18

MetaTrader4

Mastering Trades with 2 Moving Averages and Bollinger Bands on MetaTrader 5

2 Moving Averages with Bollinger Bands is an incredibly versatile technical analysis tool for MetaTrader 5 (MT5) that marries two timeless trading strategies: moving average crossovers and Bollinger Bands. This combo can really up your trading game! 📌 Key Features: ✅ Configurable two moving averages (fast/slow): Easily customize the period, method (SMA, EMA, SMMA, LWMA), and price applied. ✅ Buy and Sell arrows based on crossover logic: A Buy signal pops up when the fast MA crosses above the slow MA. A Sell signal appears when the fast MA crosses below the slow MA. ✅ Optional alert system: Chart alerts to keep you in the loop. Sound alerts (alert.wav) for immediate notification. Email notifications to stay updated on the go. ✅ Integrated Bollinger Bands: Upper, Middle, and Lower Bands are clearly displayed. Fully customizable: choose your period, deviation, price, style, and shift. ✅ Works seamlessly on any symbol and time frame. ✅ Clean, non-repainting logic based on closed candles ensures reliable signals. ✅ Perfect for scalping, swing trading, or following trends. 📊 Use Case: This indicator is a great asset for traders looking to spot potential trend reversals and entry points using moving average crossovers. Plus, it helps you visually keep tabs on volatility and price channels with the Bollinger Bands. You can even use it on its own or layer it with other indicators like RSI or CCI for more sophisticated setups. ⚙️ Input Settings Overview: MA1 Settings (Fast MA): Period, Method, Price MA2 Settings (Slow MA): Period, Method, Price Bollinger Bands Settings: Period, Deviation, Shift, Style, Width, Price Alerts: Manage chart, sound, or email alerts easily. ⚠️ Disclaimer: Keep in mind, this indicator does not guarantee winning trades. Always implement proper risk management and strategy testing. The developer isn't liable for any financial losses that may occur. Download for MT5 now! You can find it here: 2 Moving Averages with Bollinger Bands

2025.07.16

MetaTrader5

Mastering Trading with the 2 Moving Averages and Bollinger Bands Indicator for MT5

Are you looking to level up your trading game? The 2 Moving Averages with Bollinger Bands indicator for MetaTrader 5 (MT5) is your go-to tool! This custom indicator marries two powerful trading strategies: moving average crossovers and Bollinger Bands, giving you the edge you need in the market. 📌 Key Features: ✅ Configurable Moving Averages: Tailor your fast and slow moving averages with customizable periods, methods (SMA, EMA, SMMA, LWMA), and applied prices. ✅ Buy and Sell Signals: Get real-time arrows on your chart! A Buy signal pops up when the fast MA crosses above the slow MA, while a Sell signal appears when it crosses below. ✅ Alerts System: Never miss a beat with chart alerts, sound notifications, and even email alerts! ✅ Bollinger Bands Integration: Visualize volatility with upper, middle, and lower bands that you can customize to fit your strategy. ✅ Versatility: Works seamlessly on any symbol and timeframe, making it suitable for scalping, swing trading, or trend-following strategies. ✅ Reliable Logic: Clean, non-repainting signals based on closed candles to ensure you’re making informed decisions. 📊 Use Case: This indicator is designed to help you pinpoint potential trend reversals and entry points through moving average crossovers while keeping an eye on volatility and price channels using Bollinger Bands. It works great on its own or can be paired with additional indicators like RSI or CCI for a more robust trading setup. ⚙️ Input Settings Overview: MA1 Settings (Fast MA): Period, Method, Price MA2 Settings (Slow MA): Period, Method, Price Bollinger Bands Settings: Period, Deviation, Shift, Style, Width, Price Alerts: Enable/Disable chart, sound, or email alerts ⚠️ Disclaimer: While this indicator is a powerful tool, it doesn’t guarantee winning trades. Always practice good risk management and thoroughly test your strategies. Remember, the developer is not responsible for any financial losses.

2025.07.16