Trading Signals Indicator for MT5 Download – Free – [TradingFinder]

The Trading Signals Indicator is a key tool in technical analysis, analyzing market conditions to display pivot or market reversal points.

This indicator considers market turning points as trading signals and highlights them with arrow markers.

Trading Signals Indicator Specifications Table

The specifications of the Trading Signals indicator are shown in the table below.

Trading Signals Indicator at a Glance

The Trading Signals indicator, by analyzing reversal points and pivot point levels, identifies favorable conditions for starting a trade.

When the price rises, it displays a green arrow as a buy signal, and in case of a potential market drop, it places a red arrow on the chart as a sell warning.

Buy Signal

According to the AUD/USD chart on the 1-hour timeframe, the indicator displayed a green arrow indicating a buy entry signal.

Sell Signal

Based on the Ethereum (ETH) chart on the 30-minute timeframe, the indicator marked several sell entry points with red arrows.

In this situation, traders can use these signals as entry opportunities depending on market flow.

Trading Signals Indicator Settings

The image below shows the settings panel of the Trading Signals Indicator:

• PERIOD: Calculation period of the indicator
• SENSITIVITY: Sensitivity level to price changes
• PIVOT_LOOKUP_BARS: Number of candles for pivot check
• BUY_SIGNAL_COLOR: Buy signal color
• SELL_SIGNAL_COLOR: Sell signal color
• ALERT: Alert activation
• EMAIL: Email alert
• NOTIFICATION: Notification activation
• MESSAGE_TIMEOUT: Message display duration
• MESSAGE_SUBJECT: Alert title

Conclusion

The Trading Signals indicator is designed for use on the MetaTrader 5 platform, to identify buy and sell positions in the market.

By displaying colored arrow markers, it highlights entry and exit points that can be utilized depending on one’s trading strategy.