Holy Grail Indicator Downloads for MetaTrader 5 | Forex Indicator Downloads - MT4/MT5 Resources - MetaTrader 5 Resources
The Holy Grail indicator is a technical analysis tool for MetaTrader 5 designed to generate entry and exit signals based on two key market indicators: ADX (Average Directional Index) and EMA (Exponential Moving Average).
This MT5 Signals and Forecast indicator uses colored arrows to indicate the best entry and exit points and also displays the latest trading signals on the right side of the chart.
Holy Grail Indicator Spec Sheet
The table below outlines the general characteristics of Holy Grail indicators.
| Indicator categories: | Signals and Forecasts MT5 Indicators Currency Strength MT5 Indicators Trading Aids MT5 Indicators |
| Platforms: | MetaTrader 5 Indicators |
| Trading Skills: | Intermediate |
| Indicator Types: | Inverse MT5 Indicator |
| Time frame: | Multi Time Frame MT5 Indicators |
| Trading Style: | Day Trading MT5 Indicators |
| Trading Tools: | Forex MT5 Indicators Cryptocurrency MT5 Indicators Stock MT5 Indicators Forward MT5 Indicators |
Indicator Overview
The holy grail indicator combines ADX and EMA to identify trend shifts and measure their strength at key price points.
Additionally, this MT5 indicator features an information panel on the left side of the chart , showing important data such as: ask, bid and spread , account information: balance, equity and margin
Uptrend Conditions
The chart below shows the NZD/EUR currency pair on a 1 minute time frame.
When sellers lose power the Holy Grail indicator generates a green arrow below the candlestick, signaling Buy Entry.
downtrend conditions
The chart below examines the AUD/CAD chart in a 30 minute time frame. When selling pressure increases, the Holy Grail indicator generates a red arrow above the candlestick, signaling Sell Entry.
At the same time, the latest Sell signal appears on the right side of the image. The currency strength indicator for MT5 is downtrend , warning traders that prices may continue to fall.
Indicator Settings
The image below shows the settings panel holy grail indicator:
- EMA Period: exponential moving average period
- ADX Period: Indicator period
- On Screen Info: Display information on the screen
- Sound Alert ON: Enable sound alert
- Email Alert ON: Enable email notifications
- Lookback: number of past candlesticks analyzed
Conclusion
The Holy Grail indicator is a hybrid trading tool for MetaTrader 5 , utilizing ADX and EMA to generate entry and exit signals.
One of the unique features of Trading Assist is its ability to display the latest trading signal on the right side of the chart.
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