ISHA V10 Indicator for MetaTrader 5 - Download | Forex Indicator Download - MT4/MT5 Resources
ISHA V10 is an indicator for MetaTrader 5 that uses the ATR parameter to analyze the behavior of price fluctuations within a defined time frame.
As a signal and prediction tool for MT5, it identifies entry and exit points by displaying green and red arrows on the chart. The tool shows good compatibility with trading strategies and delivers smooth overall performance.
ISHA V10 Specification Sheet
The following table provides technical and structural specifications of the ISHA V10 indicator on MetaTrader 5.
| Indicator categories: | Signals and Predictions MT5 Indicators MT5 Volatility Indicator Trading Aid MT5 Indicator |
| Platforms: | MetaTrader 5 Indicators |
| Trading Skills: | Elementary |
| Indicator Types: | Inverse MT5 Indicator |
| Time frame: | Multi Time Frame MT5 Indicators |
| Trading Style: | Intraday MT5 Indicators |
| Trading Tools: | Forex MT5 Indicators Cryptocurrency MT5 Indicators Stocks MT5 Indicators Forwards MT5 Indicators Stocks MT5 Indicators |
Uptrend Conditions
The price chart below shows the AUD/JPY currency pair on the 1 hour time frame.
In this chart, the green arrow represents a buy entry signal. When these arrows align with the broader market trend, the signal is strengthened and the likelihood of a successful buy trade increases.
downtrend conditions
The chart below shows the EUR/CHF currency pair on the 1 hour time frame.
In this chart, when the indicator uses its internal algorithm to detect overbought conditions and assess market volatility through ATR, it emits a sell signal in the form of a red arrow.
This arrow is consistent with a downtrend, indicating that selling pressure may be starting to increase.
Indicator Settings
The image below shows the configurable parameters of the ISHA V10 indicator:
- SOURCE : Price source
- ATR Timer : ATR time period
- ATR Multiplier : Display ATR multiplier
- SHOW ENTRY MARKS : Show entry marks
- ALERT ON SIGNAL : Enable signal alert
- EMAIL ON SIGNAL : Send an email when there is a signal
- SHOW INFO PANEL : Show/hide the information panel
- BUY SIGNAL COLOR : Customize the color of the purchase signal
- SELL SIGNAL COLOR : Customize the sell signal color
Conclusion
The ISHA V10 indicator is a signal generator trading tool for the MetaTrader 5 platform. It focuses on trend analysis and algorithmic logic to improve entry/exit accuracy.
Leveraging volatility data and price action, it performs exceptionally well in highly volatile and directional markets.
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