Technical Indicators for MetaTrader 5

Indicator iPump for MT5

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Information

Indicators
MetaTrader 5
5
Sergei Lanin
20 August 2019
3.16
9 June 2020

Overview



The iPump indicator is a universal indicator that combines the advantages of three types of indicators. You get 3 indicators in 1 product.

  • multi-step trend detection (trend indicators)
  • determination of resistance and support levels (levels indicators)
  • definition of overbought and oversold zones (oscillators indicators)

Instructions for the iPump indicator https://www.mql5.com/en/blogs/post/732102


The indicator appeared in the process of many years of working with financial assets. 

The iPump indicator resulted from the desires and requirements for analysis that I personally would like to use for trading.

If you like this product, please leave a review about it. It will help other people.


Trend detection


- unique calculation algorithm

This algorithm actually helps me and my colleagues in trading, this algorithm is used in the work of the Pump and Dump advisor.

- doesn’t repaint

The indicator will accurately show a signal when the price is oversold or overbought  more than usual. That will allow you to make timely decisions about the appropriateness of opening positions.

- doesn’t Lagging

 The indicator processes the incoming  price data on the state of the price every second, which allows the trader to keep abreast of the traded asset.


Determination of resistance and support levels

As you have probably heard, probably almost all professional traders somehow take into account the levels of resistance and support.

Levels are certainly a powerful tool in the hands of a trader.

Using the iPump indicator, you will be able to assess potential price barriers for an asset in a few seconds.

 And also the indicator will tell you what type of level is in front of you:

  1. verified level

  2. Turning level

  3. weak or not tested level


Trading strategy using the indicator

The trading strategy using the indicator is very clear and convenient. 

To enter the market, I recommend to have an unidirectional  movement of the trend and market tension in the region the average values ​​of the daily oscillator. More details here https://www.mql5.com/en/blogs/post/732102

Further, find the key levels in the ranks of the smaller time frames.

 Make purchases from them if the oscillator is in the oversold zone, or sold in the case of the oscillator in the overbought zone.


Additional Functions

Notification

  • on email

  • mobile

  • signals in MetaTrader

You are no longer needed to wait for the price signals to reach .

You can easily control this moment using messages to your mobile, email notifications or signals directly in MetaTrader.

I hope that this indicator will become your favorite tool for a comprehensive analysis of the market.

If you have questions, be sure to write, I will gladly try to help you.


Input parameters



Color - all variables containing the word color are responsible for the color coloring.

Show Levels true / false - show hiding levels on the chart

Vertical align - Vertical alignment of level names.

Text Size - The size of the letters for the signature levels.

Push Notification - push notifications in the app on mobile.

Alert Wait Time- duration of the alert when the level is reached.

Send Email true / false- Sending email notifications.

Levels Smoothing - smoothing the level zones relative to each other.

Levels Label Shift - the shift in the location of signatures relative to the right edge of the monitor screen.

A full description of the indicator in this article https://www.mql5.com/en/blogs/post/732102




7 DAY MONEY BACK GUARANTEE

If for any reason you do not like the purchased program, you can request a refund within 7 days from the date of purchase. You can also make an exchange for any other product at an equal cost or by paying the difference.

Simply send a request for refund or exchange with your order number by email: [email protected].

Refund requests received more than 7 days after purchase will be rejected.

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