Technical Indicators for MetaTrader 5

NOHO Pulse Professional for MQL5

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Information

Indicators
MetaTrader 5
5
Guillermo Noval
18 December 2019
2.25
28 May 2020

Overview

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The Pulse is an indicator that specializes in increasing the probability of success in trading decision-making scenarios.


NOHO Pulse Professional indicates the supply and demand cycle in three amplitudes -narrow, average and wide-. Also, the indicator shows low risk exposure signals, frequency distributions and trend levels to plan a trade execution.

  • The indicator improves the quality of executions with frequency distributions designed to force the user to wait for the best scenarios.
  • Use the indicator in 1 minute (M1) time frame to make the most of time on the market.

Pulse amplitude:

 The Pulse represents the cycle of supply and demand in financial markets. The indicator facilitates the analysis of the waves.

  • A blue up-side pulse represents high demand and a red down-side pulse represents high supply for the financial asset.
  • The user can analyze the indicator in three different amplitudes.

Low risk exposure signals:

Every signal represents a opportunity for trade execution with low risk exposure. THE RISK OF LOSING MONEY WILL ALWAYS EXIST.

  • Green Diamond= very low risk exposure signal.
  • Black dot= low risk exposure signal. This signal needs a little more market analysis.
  • Magenta dot= HIGH risk exposure signal.
  • If the market is trending up, long entries should be executed when there's a low risk exposure signal below the Pulse.
  • If the market is trending down, short entries should be executed when there's a low risk exposure signal above the Pulse.
  • The best signals come from the POC or from the supply and demand levels.

Frequency distributions:

 The Pulse statistically analyzes financial markets as a frequency distribution. A distribution consists of three levels: supply level, demand level and a point of control point (POC) level.

  • The POC helps to confirm the direction of the price. While the price is below the POC, the bias is bearish. On the contrary, if the price is above the POC, the bias is bullish. 

Trend lines: 

 Trend lines indicate the price direction according to the frequency distributions.

  • For long entries, we recommend placing the stop loss (SL) below the bullish trend line.
  • For short entries, we recommend placing the stop loss (SL) above the bearish trend line.


    The indicator works on all the financial assets available in the platform.

    Indicator does not repaint.



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    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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