PipFinite Strength Meter MT5

How To Determine If The Market is Strong Or Weak?

Strength Meter uses an Adaptive Algorithm That Detect Price Action Strength In 4 Important Levels!

This powerful filter gives you the ability to determine setups with the best probability.

Features

• Universal compatibility to different trading systems
• Advance analysis categorized in 4 levels
• Level 1 (Weak) - Indicates us to WAIT. This will help avoid false moves
• Weak Bullish - Early signs bullish pressure
• Weak Bearish - Early signs bearish pressure
• Level 2 (Moderate) - We can look to enter trades with confirmation
• Moderate Bullish - Evident sign of bullish pressure
• Moderate Bearish - Evident sign of bearish pressure
• Level 3 (Strong) - Stronger direction. We can look to enter trades with less confirmation
• Strong Bullish - Higher probability and confirmed bullish pressure
• Strong Bearish - Higher probability and confirmed bearish pressure
• Level 4 (Impulsive/Exhaustive) - Take CAUTION, it required further analysis since price can go either way
• Impulsive/Exhaustive Bullish - Extremely bullish. Can indicate 2 scenarios
• Strong bullish breakout. A sign of a strong uptrend. Recommended to ENTER buy/long positions
• Climactic move in uptrend, a sign of bearish reversal. Recommended to EXIT long/buy positions
• Impulsive/Exhaustive Bearish - Extremely bearish. Can indicate 2 scenarios
• Strong bearish breakout . A sign of strong downtrend. Recommended to ENTER sell/short positions
• Climactic move in downtrend, a sign of bullish reversal. Recommended to EXIT sell/short positions
• Strength Filter - Ideally used to confirm your trade setups
• Bullish & Bearish Level 1 - Avoid any signal from your system
• Bullish Level 2 & 3 - Only look for buy setups on your system
• Bearish Level 2 & 3 - Only look for sell setups on your system
• Bullish & Bearish Level 4 - Analyze which direction the market may go
• Never repaints
• Never backpaints
• Never recalculates
• Calculation fixed at "Close of the bar"
• Works in ALL pairs & Timeframes
• Compatible with Expert Advisor development

Video References

Please Watch in High-Definition to further understand

• Strength Levels Explained (Click Here)
• Application (Click Here)
• Improving Other Filters (Click Here)