If you’re looking to boost your trading game, let me introduce you to the LP_entry indicator for MetaTrader 4. This nifty tool provides clear arrow signals for both upward and downward trends right on your chart, along with insights into the "power of trend" as well as identifying "PEAK" and "EXTREME peak" moments.
This indicator operates using a combination of Williams Percentage Range (WPR) and Relative Strength Index (RSI) signals. The arrows only shift on the last bar, making it a reliable option for all timeframes and trading symbols. The fundamental principle is straightforward: ((WPR(4) + 100 + RSI(2))/2) is either < 50 or > 50. Keep in mind, this is my first indicator, so use it wisely and good luck!
Additionally, the LP_entry indicator works seamlessly with four other tools on your chart: Bollinger Bands (9, 2, 0), a Clock for timing, FiboPiv_v2 for Fibonacci levels, and PL4 CandleTime for tracking candlestick patterns.
Happy trading!
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