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The Platinum Indicator in MetaTrader 4 is a straightforward tool that signals potential bullish and bearish trends with green arrows.
Using a momentum-based algorithm, the indicator issues upward or downward arrows as trade entry or exit triggers when structural price changes are detected.
Platinum Indicator Table
The table below presents the general features of the Platinum Indicator in the MetaTrader 4 platform.
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Indicator Categories:
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Signal & Forecast MT4 Indicators
Trading Assist MT4 Indicators
Momentum Indicators in MetaTrader 4
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Platforms:
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MetaTrader 4 Indicators
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Trading Skills:
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Intermediate
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Indicator Types:
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Reversal MT4 Indicators
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Timeframe:
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Multi-Timeframe MT4 Indicators
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Trading Style:
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Intraday MT4 Indicators
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Trading Instruments:
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Stock Market MT4 Indicators
Cryptocurrency MT4 Indicators
Forex MT4 Indicators
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Platinum Indicator at a Glance
The indicator analyzes price changes and, upon detecting suitable conditions, places a green arrow (up for bullish or down for bearish) on the chart.
This trading tool, with its adjustable risk-level setting, enables users to adjust the sensitivity of signals as needed.
Indicator in an Uptrend
The chart below shows the Ripple cryptocurrency (RIPPLE) on the 4-hour timeframe.
In this tool, the appearance of an upward green arrow indicates a potential bullish trend. In this case, a buy entry signal is generated, aligned with other technical analysis tools.
Indicator in a Downtrend
The chart below shows the GBP/CAD currency pair on the 15-minute timeframe. The appearance of a downward green arrow suggests the start of a bearish trend. In such conditions, the trader may enter a sell trade and place the stop-loss slightly above the last price peak.
Platinum Indicator Settings
The image below shows the Platinum Indicator settings in the MetaTrader 4 platform:
- RISK: Defines the risk level
- ARROWS_GAP: Adjusts the distance between signal arrows
- ALERT: Display alert
- EMAIL: Send email
- NOTIFICATION: Push notification
- MESSAGE_TIMEOUT: Message delay time
- MESSAGE_SUBJECT: Alert message title
Conclusion
The Platinum Indicator in MetaTrader 4 is a technical analysis tool that marks potential trend beginnings with bullish and bearish arrows.
Utilize the Platinum Indicator's risk adjustment and multi-timeframe compatibility to enhance your trading performance. Download it now for free and experience enhanced signal clarity in your trading strategy.
Platinum Indicator MetaTrader 4 PDF
Platinum Indicator MetaTrader 4 PDF
Click to download Platinum Indicator MetaTrader 4 PDF
What is the function of the risk level in the Platinum Indicator?
In this trading tool, the risk level determines sensitivity,Higher risk, more and faster signals, but with more noise and lower risk is fewer signals, but with higher reliability.
Is the Platinum Indicator suitable for all trading styles?
Yes, but it is most effective for trend traders and those using multi-timeframe technical analysis.