Stalin - MetaTrader 5 Script - MQL5 #487 | Trading Script Download - MT4/MT5 Resources

Andrei Vasilyev

Stalin is one of the so-called "signal" indicators because it provides traders with the exact market entry point, marked with red and blue arrows for selling and buying respectively.

This indicator uses the most popular, simple and proven method - two crossing moving averages . Although such signals are among the strongest, they can become false during sideways movements and the volume on the market can increase in such a way that your deposit can be significantly reduced. Therefore, three filter types are implemented in this indicator:

These filters allow the indicator to eliminate most false signals.

Input parameters:

Parameter description:

The confirmation parameter is responsible for one of the indicator filters and is designed to confirm the start of a price movement. This in turn confirmed that we were entering the market in the right direction;

The Flat parameter is also involved in false signal filtering, but this parameter is responsible for identifying flats and market movements when entering the market is too risky.

Application in trading:

It is very easy to use it in trading, traders have to follow the signals on the chart or turn on audio alerts.

If we check its history, we can notice that the number of accurate signals emitted by this indicator is considerable, but not all of these potential trades will be profitable. Therefore, it is better to use this indicator with an oscillator that can show the moment of exit from the market at the first reversal signal.

Attachment download

📎 stalin.mq5 (9.42 KB)

Source: MQL5 #487