The Trinity Impulse Metatrader 5 forex indicator is a technical tool that displays market entries and sessions of inactivity.
The currency market is said to be in a flat or inactive session when in a zero state.
V-shaped market impulse depicts sessions in the market when it is right to initiate trades in the opposite direction.
Entering the market in the same direction implies that we have a flat-topped impulse.
The Trinity Impulse Metatrader 5 custom indicator is comprised of an orchid filled line that oscillates around the zero level.
The USD/JPY H4 chart below displays the Trinity Impulse Metatrader 5 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the orchid line of the Trinity Impulse forex indicator breaks and hovers above the zero level.
Sell Signal: Go short when the orchid line of the Trinity Impulse forex indicator breaks and hovers below the zero level.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the orchid line of the Trinity Impulse MT5 forex indicator dips below the zero level.
Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the orchid line of the Trinity Impulse MT5 forex indicator surges above the zero level.
Tips: The Trinity Impulse indicator can be used for scalping, day trading and swing trading purposes.
MT5 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 5
Type: chart window indicator
Customization options: Variable (Indicator period, Smoothing level, Averaging type, Price, Volume type), 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 trinity-impulse.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)