ForexGumpUltra Indicator - Buy and Sell Signals and Potential Pips MT4 Indicator | Mql5 Market Price: 140 USD
Strategy Introduction: http://www.mql5.com/en/market/product/29390
File Location: MetaTrader 4/MQL4/Indicators
This indicator easily determines the price direction for any currency pair and time frame, displaying UP (buy)/DOWN (sell) indicator signals on the chart and showing potential profit or loss in pips.
Forex MT4 Indicator Name: ForexGumpUltra Indicator - Buy and Sell Signals and Potential Pips MT4 Indicator. ForexGumpUltra is a new, more advanced addition to the ForexGump series. The indicator effortlessly identifies the price direction for any currency pair and time frame. Signals are drawn on the zero line by the indicator and do not repaint. This indicator uses new filters to determine changes in price movement direction without any delay, even in the presence of market noise. Once the indicator establishes the further price direction, it generates signals in the form of arrows. Blue arrows represent buy signals, while red arrows represent sell signals. The indicator highlights the further direction of the price with specific red or blue color indicators. After the arrows appear on the chart, the indicator begins displaying the potential profit or loss in pips.
It's important to note that this information isn't the final data, as it cannot account for the speed at which traders close their orders or the commissions charged by brokers. However, with this data, traders can more easily assess the indicator's effectiveness and select the appropriate parameters. In general, this system is suitable for novice traders as it's almost a complete trading system, except for money management. For experienced traders with established trading systems, this indicator can be further enhanced or fine-tuned for improved results.
How ForexGumpUltra Operates To avoid delving into numerous technical nuances and terms, let's provide a brief yet clear explanation of the indicator's fundamental system. Given that ForexGumpUltra is already a nearly complete trading system, the addition of money management functionality is required. It can be described as a complex program and subroutine used for global statistical market research. In other words, it attempts to conduct nearly all market analysis and research, relieving traders of this work and providing ready-to-use buy and sell signals as recommendations. ForexGumpUltra analyzes the market through 34 parameters, including market trading volume, statistical average direction, candlestick pattern combinations, and additional signals for in-depth market analysis. The system's effectiveness can be observed in the video below.
Advantages of ForexGumpUltra No need to use dozens of indicators to analyze the market. Learning to interpret even a single indicator can be time-consuming and challenging. No need to remain in front of the computer anticipating new signals. The indicator offers email and push notification features. The indicator includes buffers that can be integrated into any EA trading. Our programmers can assist with this. The indicator is applicable to all currency pairs and time frames. Signals are drawn at Close [0] and do not repaint.
Parameters for ForexGumpUltra fast_average_period – Fast MA period. slow_average_period – Slow MA period. signal_line_period – Signal MA period. smoothing_period – Averaging period. shift_of_the_averaging_line – Shift relative to the zero line for indicator calculation. Index_calculation_period – Period for calculating the price direction index. upper_bound – Upper limit for calculating the price range for trend direction. bottom_bound – Lower limit for calculating the price range for trend direction. bars – Number of indicator bars to display. Maximum value is 5000, and the minimum is 200. Notifications – Display an information panel on the screen. Color – Color of the information panel. thickness_of_thick_line – Width of the thick line. thin_line_thickness – Width of the thin line. Signals – Send signals via email and push notifications.
