This tool is powered by an internal system that analyzes market momentum and price behavior, allowing it to recognize possible trend beginnings and short-term reversals. The signals can be used for both entering new trades and managing existing positions.
You can download it from this link:https://cdn.tradingfinder.com/file/5...5-by-tflab.zip
You can also access the MetaTrader 4 version of this Indicator through this page:https://www.metalsmine.com/thread/13...der-4-mt4-free
For instructions on how to install:https://www.forexfactory.com/thread/...-in-metatrader
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Main Characteristics
Indicator Type
- Signal & Forecast Indicator
- Momentum-Based Trading Assistant
Platform
- MetaTrader 5
Trader Level
- Suitable for intermediate traders
Market Behavior
- Reversal and trend-shift detection
Timeframe Usage
- Compatible with all timeframes
Trading Style
- Intraday trading
Supported Assets
- Forex pairs
- Cryptocurrencies
- Stocks
How the Platinum Indicator Generates Signals
The Platinum Indicator monitors price movements using a proprietary algorithm. When market conditions align with its internal rules, it displays:
- Upward green arrows indicating potential bullish momentum
- Downward green arrows indicating potential bearish momentum
These visual alerts allow traders to react quickly without complex chart analysis.
Users can also adjust the risk level within the settings, making the indicator more conservative or more aggressive depending on trading preferences.
Bullish Market Example
On the JP2000 index (1-hour chart), an upward green arrow appears when buying pressure increases. This suggests a possible start of an upward move and may serve as a buy entry signal, especially when supported by additional confirmation tools.
Bearish Market Example
On the EUR/JPY 4-hour chart, a downward green arrow signals increasing selling pressure and a potential move lower. This functions as a sell signal and becomes more reliable when aligned with overall market structure.
Platinum Indicator Settings
The indicator includes several customizable options:
- RISK – Controls signal sensitivity
- ARROWS_GAP – Adjusts the spacing between arrows and price candles
- ALERT – Enables platform alerts
- EMAIL – Sends alerts via email
- NOTIFICATION – Sends push notifications
- MESSAGE_TIMEOUT – Sets alert display duration
- MESSAGE_SUBJECT – Customizes alert titles
Final Thoughts
The Platinum Indicator for MetaTrader 5 is a practical trading assistant that simplifies market analysis through clear arrow-based signals. With flexible risk settings, multi-timeframe compatibility, and support for multiple asset classes, it can be effectively integrated into both manual and semi-automated trading strategies.
For optimal performance, traders should combine this indicator with confirmation tools and disciplined risk management.
