PAFX Secret Indicator Download for MetaTrader 5 - Free - [TFlab] - MT4/MT5 Resources

The PAFX Secret Indicator is one of the popular technical analysis tools among MetaTrader 5 indicators , helping traders identify potential trend reversal points .

This indicator is a combination of six well-known indicators , including momentum, CCI, RSI, stochastics, MACD and AO , specifically designed to display divergences on the chart . By using this indicator, traders can detect potential trend changes with greater accuracy.

Indicator Table

Indicator Overview

Divergence is one of the most interesting and widely used concepts in technical analysis , helping traders predict potential price trend changes. Simply put, divergence occurs when price and indicator behavior are inconsistent.

This divergence may indicate weakness in the current trend and alert traders to a possible change in price direction.

Bullish trend example

Positive divergence is observed on the daily chart of the CHF/JPY currency pair . While the pair’s price appears to be continuing its downward trend, the indicator is showing the opposite, setting higher highs.

This signal highlights the weakness of the downtrend and indicates that an uptrend may be starting.

Bearish trend example

A negative divergence was observed on the 30-minute chart of the EUR/USD currency pair . The price made a new high, but the indicator moved in the opposite direction, showing lower highs.

Differences between price and indicator movements can weaken the strength of a bullish trend.

Indicator Settings

• Chart Theme: background color of the chart;
• Indicator: indicator type, including MOMENTUM , CCI , RSI , and MACD (default: RSI);
• RSI Period: RSI calculation period (default value: 14);
• CCI Period: CCI calculation period (default: 14);
• MACD Fast Ma: Fast MA calculation of MACD (default: 12);
• MACD Slow Ma: MACD’s slow MA calculation (default: 26);
• MACD Signal: MACD signal number (default: 9);
• Stoch K: random K parameter (default value: 5);
• Stoch D: random D parameter (default value: 5);
• Stoch Slowing: Random deceleration parameter (default value: 3);
• Momentum Period: Momentum calculation period (default value: 14);
• Div Type: Divergence display type (default: regular);
• Div Min: The minimum number of candles used to calculate divergence (default: 5);
• Div Max: The maximum number of candles used to calculate divergence (default: 100);
• Line Width: Width of the divergence line (default: 2);
• Line Style: Divergent line style (default: solid line);
• Alert: Send an alert when a divergence is detected;
• Alert Sound: alarm sound type;
• Alert Mail: Email notification when disagreements occur;
• Lookback: Number of candles calculated in the indicator window.

Conclusion

In this MetaTrader 5 oscillator , divergences help traders make better and more precise decisions by highlighting potential trend reversal points . These signals enable traders to enter buy or sell positions at the right time and profit from price movements .

For this reason, divergences are considered to be one of the most useful elements of technical analysis and are widely used in financial markets .