These signals are displayed through clear arrow markers, enabling traders to quickly recognize potential entry opportunities and react efficiently to evolving market conditions.
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...atrader-4-free
For instructions on how to install:https://www.forexfactory.com/thread/...-in-metatrader
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Trading Signals Indicator Specifications
Indicator Categories
- Pivot Points & Fractals MT5 Indicators
- Signal & Forecast MT5 Indicators
- Trading Assistance MT5 Indicators
Platform Compatibility
- MetaTrader 5
Skill Level
- Beginner-Friendly
Indicator Type
- Reversal Indicator
Timeframe Compatibility
- Multi-Timeframe Support
Trading Styles
- Swing Trading
- Scalping
- Day Trading
Supported Markets
- Forex
- Cryptocurrency
- Stock Market
Overview of the Trading Signals Indicator
The Trading Signals Indicator analyzes price action by focusing on pivot structures and reversal zones to identify favorable trading conditions. Through continuous monitoring of market behavior, it highlights areas where a change in trend direction is likely to occur.
- A green arrow indicates a potential buy opportunity during bullish momentum.
- A red arrow indicates a potential sell opportunity during bearish conditions.
These visual signals simplify technical analysis and support more precise trading decisions.
Buy Signal
On the AUD/USD 1-hour timeframe, the indicator produced a buy signal represented by a green arrow.
In bullish market conditions, this signal may indicate a possible entry point for long positions. Traders often increase accuracy by combining it with additional tools such as support and resistance levels or trend confirmation indicators.
Buy Signal Features
- Green arrow visualization
- Identifies potential bullish reversal zones
- Supports trend continuation strategies
- Applicable across multiple trading sessions
Sell Signal
On the Ethereum (ETH) 30-minute chart, the indicator generated multiple sell signals marked with red arrows.
These signals help traders identify potential bearish reversals and short-selling opportunities depending on overall market structure and momentum.
Sell Signal Features
- Red arrow visualization
- Highlights potential downward reversals
- Assists in detecting bearish momentum
- Suitable for intraday and swing trading
Trading Signals Indicator Settings
The indicator provides a range of customizable parameters, allowing traders to adjust its behavior according to their trading strategy and market conditions.
Adjustable Parameters
- PERIOD: Defines the calculation period of the indicator
- SENSITIVITY: Controls responsiveness to price fluctuations
- PIVOT_LOOKUP_BARS: Sets the number of candles used for pivot detection
- BUY_SIGNAL_COLOR: Customizes buy signal color
- SELL_SIGNAL_COLOR: Customizes sell signal color
- ALERT: Enables or disables alerts
- EMAIL: Activates email notifications
- NOTIFICATION: Enables push notifications
- MESSAGE_TIMEOUT: Sets alert display duration
- MESSAGE_SUBJECT: Defines alert title
Conclusion
The Trading Signals Indicator for MetaTrader 5 is developed to assist traders in identifying high-probability trading opportunities through automated detection of market reversals and pivot points.
With its clear arrow-based visualization, flexible configuration options, and multi-timeframe capability, this indicator enhances trading efficiency and supports more informed decision-making across various financial markets.
