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PAFX Secret Indicator for MetaTrader 5 Download - Free - [TFlab]

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PAFX Secret Indicator for MetaTrader 5 Download - Free - [TFlab]
PAFX Secret Indicator for MetaTrader 5 Download - Free - [TFlab] 0
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The PAFX Secret Indicator is one of the most popular technical analysis tools in MetaTrader 5, helping traders identify potential trend reversal points.

This indicator combines six well-known oscillators, including MOMENTUM, CCI, RSI, Stoch, MACD, and AO, and is specifically designed to display divergences on the chart.

With this indicator, traders can effectively detect potential trend changes.

Indicator Table

CategoryTrading Tools

Tools - Oscillator - Price Action

Platform

MetaTrader 5

Skill Level

Intermediate

Indicator Type

Trend-Following - Reversal

Timeframe

Multi-timeframe

Trading Style

Intraday Trading

Trading Market

Cryptocurrency - Forex - Stocks

Bullish Trend Example

A positive divergence is observed on the daily chart of the CHF/JPY currency pair. While the price of this pair appears to continue its downtrend, the indicator shows the opposite, recording a higher high.

This signal highlights a weakness in the downtrend, indicating a potential start of an upward movement.

Bullish Trend Example
Daily chart of CHF/JPY currency pair

Bearish Trend Example

A negative divergence is observed on the 30-minute chart of the EUR/USD currency pair. The price records new highs, but the indicator moves in the opposite direction, showing lower highs.

This discrepancy between price and indicator movement may weaken the bullish trend’s strength.

Bearish Trend Example
30-minute chart of EUR/USD currency pair

Indicator Settings

Settings
Indicator Settings
  • Chart Theme: Background color of the chart;
  • Indicator: Type of indicator, including MOMENTUM, CCI, RSI, and MACD (default: RSI);
  • RSI Period: Calculation period for RSI (default: 14);
  • CCI Period: Calculation period for CCI (default: 14);
  • MACD Fast Ma: Fast MA calculation for MACD (default: 12);
  • MACD Slow Ma: Slow MA calculation for MACD (default: 26);
  • MACD Signal: Number of MACD signals (default: 9);
  • Stoch K: Stochastic K parameter (default: 5);
  • Stoch D: Stochastic D parameter (default: 5);
  • Stoch Slowing: Stochastic slowing parameter (default: 3);
  • Momentum Period: Calculation period for Momentum (default: 14);
  • Div Type: Divergence display type (default: Regular);
  • Div Min: Minimum number of candles for divergence calculation (default: 5);
  • Div Max: Maximum number of candles for divergence calculation (default: 100);
  • Line Width: Width of divergence lines (default: 2);
  • Line Style: Divergence line style (default: Solid);
  • Alert: Alerts when a divergence is detected;
  • Alert Sound: Type of sound for alerts;
  • Alert Mail: Email notification when divergence occurs;
  • Lookback: Number of candles calculated in the indicator window.

Conclusion

Divergences help traders make more precise decisions by identifying potential trend reversal points. These signals allow traders to immediately enter buy or sell trades, benefiting from price changes.

For this reason, divergences are considered one of the most useful elements in technical analysis and are widely used in financial markets.

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FAQs

Can this indicator be used in all financial markets?

This indicator is designed for use in forex, cryptocurrency, and stock markets.

How can the indicator settings be changed?

This indicator includes various settings, such as RSI, CCI, MACD, and Stochastic periods. You can customize the default settings based on your needs and adjust the parameters to achieve better results.

1Comment
Werner

You guys are awesome! Thank you, thank you, thank you!