Capture the swing trade at the best time
Swing Master Indicator for MetaTrader4
An simple indicator that displays which by displaying Trend and Extreme values will help you identify once an instrument has resumed from its Trend Pullback/Retracement and help you start following the Trend again.
It will help you
-Buy at swing lows of an Up Trend.
-Sell at swing highs of a Down Trend.
In this way you can tell the best time to enter a trade or avoid taking the trade.
What Does The Swing Master Indicator Do?
- Identifies what and how strong the trend is
- Identify if the symbol is Oversold/Overbought
- Determine the ideal time to enter the trade
How to use the Swing Master Indicator
The indicator will plot on chart 3 elements. Trend ,Extreme and Notification Arrows.
Trend and Extreme values take values from -100 to 100 using a combination of indicators.
They display how strong these two elements are.
Notification arrows are drawn whenever the Trend and Wave are opposite to show that trade opportunity exists.
Trend: is drawn as histogram. You can see what and how strong the Trend is.
Up Trend :Green, Positive Value
Down Trend :Red, Negative Value
Extreme: is drawn as Ex Marks (“x”). You can see what and how Oversold/Overbought the symbol is
OverSold:Green, Negative Value,Good for Buying,Avoid Selling
OverBought:Red, Positive Value,Good for Selling,Avoid Buying
Arrow: is drawn whenever Trend and Extreme are opposite to show a good trading opportunitiy
Buy: Green Up Arrow
Sell: Red Down Arrow
Default values are in brackets
maxcandles (1000) : This is the number of candles for which the chart is to be plotted. To avoid system crashing maximum value the indicator can be set to is 1000. Reduce the number for faster calculation.
trendlevel (30) : This is the minimum level the Trend must reach in order for an Alert/Trade Arrow to be displayed.
extremelevel (10) :This is the minimum level the Extremes must reach in order for an Alert/Trade Arrow to be displayed.
Note that the above two figures automatically adjust for buy or sell trades.
Alerts (True) : Setting this to true will display Alerts
AlertOnceperCandle (True) : Setting this to true will display Alerts only once per candle if the criteria are valid
AlertOnce (False) : Setting this to true will display Alerts only once when criteria are valid
Send_Notification (False) : Setting this to true will send a notification to your mobile phone using your MetaQuotes ID with the Alert
Send_Email (False) : Setting this to true will send an email to you with the Alert
Note that the above two need to be also set up on Tool/Experts
You will be redirected to the MQL5 page
where you can purchase this product