Introduction to the Predict Indicator
- 1 Introduction to the Predict Indicator
- 2 What is the Predict Indicator?
- 3 How the Predict Indicator Works?
- 4 How to use the Predict Indicator for MT5
- 5 Isiphetho
One of the most common types of indicator that new traders would want to find is an indicator that produces reliable trade signals.
The Predict Indicator is one of the many trade direction signal indicators that traders can use. It can be an effective signal indicator when used in confluence with other technical indications.
What is the Predict Indicator?
The Predict Indicator is a momentum following signal indicator which provides momentum reversal trade signals, as well as indications of flat market conditions.
This indicator is plots diamond symbols to indicate a trade signal. It plots lime diamond symbols to indicate a long or buy trade signal and magenta diamond symbols to indicate a short or sell trade signal. It also identifies and indicates flat markets by plotting a blue dot symbol.
Traders can use these symbols as trade entry signals based on momentum. Noma kunjalo, it should be used in confluence with other technical indicators as part of a trading strategy.
These symbols can also be used as a trade direction indication wherein traders would trade only in the direction indicated by the Predict Indicator. Noma kunjalo, traders should find trade setups on the lower timeframes which agree with the Predict Indicator trade direction.
How the Predict Indicator Works?
The Predict Indicator uses a complex algorithm which compares the closing price with average range of price action.
Okokuqala, it identifies the average close price on a two period range, and the average close price of a five period range. It then divides the difference between the two by the current close price multiplied by a series of variables.
Its complex algorithm has several more steps using this formula which it uses to identify the momentum direction.
How to use the Predict Indicator for MT5
The Predict Indicator has a couple of variables which can be modified within its indicator settings.
The “Buy Level” and “Sell Level” variables are the modifiable variables which are included in its formula. Traders can adjust these values to modify the sensitivity of the Predict Indicator signals.
Thenga ukusethwa kwezohwebo
Open a buy order as soon as the Predict Indicator plots a lime diamond symbol below a price candle in confluence with other technical indications.
Close the trade as soon as the Predict Indicator plots either a blue dot or magenta diamond symbol above a candle.
Thengisa ukusethwa kwezohwebo
Open a sell order as soon as the Predict Indicator plots a magenta diamond symbol above a price candle in confluence with other technical indications.
Close the trade as soon as the Predict Indicator plots either a blue dot or lime diamond symbol below a candle.
The Predict Indicator signals are not always very accurate. There would be trade signals that do not result in price moving in the direction indicated by the Predict Indicator symbols. Noma kunjalo, it can still be a useable trading signals whenever it is traded in confluence with other technical indications such as trend direction or reversals on a clear support or resistance level.
Izinkomba ze-MT5 – Landa Imiyalo
Predict Indicator for MT5 is a Metatrader 5 (MT5) inkomba kanye nengqikithi yale nkomba yezobuchwepheshe ukuguqula idatha yomlando onqwabelene.
Predict Indicator for MT5 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Ngokusekelwe kulolu lwazi, abathengisi bangathatha ukunyakaza kwentengo okuqhubekayo futhi balungise isu labo ngokufanele. Chofoza lapha ukuthola amasu we-MT5
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How to install Predict Indicator for MT5.mq5 to your MetaTrader 5 Ishadi?
- Download Predict Indicator for MT5.mq5
- Copy Predict Indicator for MT5.mq5 to your Metatrader 5 Uhla lwemibhalo / ochwepheshe / izinkomba /
- Qala noma qala kabusha i-Metatrader yakho 5 Iklayenti
- Khetha Ishadi nesikhathi esibekiwe lapho ufuna ukuhlola inkomba yakho ye-mt5
- Sesha “Izinkomba Zokwezifiso” ku-Navigator yakho ikakhulu kwesobunxele ku-Metatrader yakho 5 Iklayenti
- Right click on Predict Indicator for MT5.mq5
- Namathisela eshadini
- Shintsha izilungiselelo noma cindezela ok
- Indicator Predict Indicator for MT5.mq4 is available on your Chart
How to remove Predict Indicator for MT5.mq5 from your Metatrader 5 Ishadi?
- Khetha Ishadi lapho i-Indicator isebenza ku-Metatrader yakho 5 Iklayenti
- Qhafaza kwesokudla kuShadi
- “Uhlu lwezinkomba”
- Khetha inkomba bese ususa
I-Predict Indicator ye-MT5 (U-downloader mahhala)
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