Alpha Trend Spotter Price Action Indicator For MT5
The Alpha Trend Spotter Price Action Indicator For MT5 is a semaphore technical signal indicator based on the actual price action strategy which is used to constantly be on the lookout for the strongest trends from the intraday period - therefore upon doing so it is able to notify traders about trend changes using alerts which may be sent via emails or push notifications to a mobile device - this robust and comprehensive alert feature helps traders to be notified about trend changes in time especially if the traders are ones who trade on a part time basis whilst pursuing their careers therefore they do not have the luxury of abundant time to sit down and analyze the markets to a great deal relative to this strategy. This indicator also visually provides the trader with signals which are a very easy to interpret - it uses bi-color stars to give signals so all the buy signals are given by lime stars and all the sell signals are given by magenta stars however what the trader may do prior to triggering an order is that they may conduct a quick analysis for the purpose of validating the signal if the signal is confirmed valid then the trader may execute the trade - this is done because of the fact that this trading tool does not give 100 percent results therefore the trader need not take every signal. One way of perhaps validating a buy signal for instance is to look for a bullish candlestick pattern then go up two time frames to confirm the trend direction in the higher time frame - if it is a bullish trend then the signal is valid however this is just a guideline the trader may elaborate on by modifying this system further to suit their trading systems.
Installing the Alpha Trend Spotter Price Action Indicator For MT5
After you downloaded the indicator via the form above you need to unzip the zip-file. Then you need to copy the file Alpha_Trend_Spotter_Price_Action.mq5 into the folder MQL5\Indicators of your MT5 installation. After that please restart MT5 and then you will be able to see the indicator in the list of indicators.
Parameters of the Alpha Trend Spotter Price Action Indicator For MT5
The Alpha Trend Spotter Price Action Indicator For MT5 has 0 parameters to configure.
Buffers of the Alpha Trend Spotter Price Action Indicator For MT5
The Alpha Trend Spotter Price Action Indicator For MT5 provides 0 buffers.
Main Parts Of The Code