The Nduet Semaphore Metatrader 5 custom Forex indicator is a technical tool that is comprised of two different period Moving Averages and semaphore indicator attached to the activity chart.
The moving averages are used to define the direction of the trend, while the semaphore alert indicator is used to identify trend momentum.
It is usually suitable to deploy the nduet Semaphore Metatrader 5 forex indicator on small timeframes, hence short term traders will find it quite convenient using.
The red line is the fast moving average period set at 21 period), while the blue line is the slow moving average period (set at 55 period).
The AUD/USD M15 chart below displays the Nduet Semaphore Metatrader 5 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the blue nduet slow line intersects the red nduet fast line in a bottom up manner, while a corresponding lime semaphore is also on display.
Sell Signal: Go short when the blue nduet slow line intersects the red nduet fast line in a top downward manner, while a corresponding red semaphore is also on display.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the lines of the nduet MT5 forex indicator intersects.
Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the line of the nduet MT5 fx indicator crosses.
Tips: The nduet Metatrader 5 forex indicator is a very reliable technical tool for scalpers.
MT5 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 5
Type: chart pattern indicator
Customization options: Variable (fast moving average period, slow moving average period, CCI period, horizontal shift of the indicator in bars), Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the nduet.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL5 > Indicators (paste here)