Urban Tower Indicator for MT5 Free Download | Forex Indicator Download - MetaTrader 5 Resources

The City Tower indicator uses six structures that build moving averages for different time periods and graphically display price movements.
By combining green and blue lines, this tool provides a clear image of the dominant market direction and effectively highlights momentum transition moments. Its operating logic is based on the convergence and divergence analysis of moving averages.

City Tower Indicator Light Specification Sheet

The following table describes the specifications of the Urban Tower Indicator.

City Tower Indicators at a Glance

The City Tower indicator uses colored arrows to visually display trading signals; blue arrows represent buy signals and red arrows represent sell signals.
After the signal is generated, a specific level is identified as a retracement area, where new price contact confirms the entry point of the retracement area.

Buy Trade Setup

Based on the 15-minute USD/CAD chart, the Urban Tower indicator generates a buy signal by displaying a light blue upward arrow.
After the signal appears, the price retraces to the blue zone of the moving averages, confirming the entry level.

Sell ​​Trade Setup

Based on the 30-minute Bitcoin (BTC) cryptocurrency chart, the dominant trend has entered a correction phase after forming a downward red arrow.
As the price approaches the red moving average area, momentum weakens, revealing the presence of seller dominance. This reaction creates a suitable area to initiate selling positions and indicates that the decline may continue.

City tower indicator settings

The adjustable parameters in Urban Tower Indicator are as follows:

• MAs Period Start: Calculate the starting number of the first moving average
• MAs Period Step: Incremental gap between moving average periods
• MAs Applied Price: Price type used for calculations
• MAs Method: Moving average calculation method
• Show Mas: Show or hide moving averages on the chart
• Track Back Count: Number of candles used to analyze signals and trend structures
• Alerts ON: alert activation status
• Message Alert: text notification display
• Email Alert: Email alert option
• Sound Alert: Sound alert option
• Sound File: Name of sound file

Conclusion

The City Tower indicator systematically displays price trend structure and accurately identifies potential retracement points by combining six moving averages.
The tool displays trade entry conditions using colored arrows and visually directly on the chart.
In the settings section, there are several options to enable text, sound, and email alerts.