Total Power X Indicator For MT5

The Total Power X Forex indicator for Metatrader 5 delivers solid buying and selling trade opportunities to currency traders.

Total Power X helps traders make informed buy and sell trades in both trending and ranging markets.

The indicator gets displayed in a separate chart window as a blue and magenta colored signal cloud.

Understanding this technical analysis tool:

  • The blue colored cloud signals an uptrending market.
  • The magenta colored cloud signals a downtrending market.

The following indicator inputs and parameters can be customized: power period, and colors.

The Total Power X indicator works for any trading instrument supported by the MT5 trading platform.

Please make yourself familiar with this technical indicator and test it first on a practice account before using it in a real trading account.

It supports all time frames and Forex pairs.

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TotalPowerIndicatorX.mq5 Indicator (MT5)

Chart Example

The following chart shows how the Total Power X indicator looks when applied to the MT5 chart.

How To Buy And Sell FX Pairs With The Total Power X Forex Indicator?

Find a simple trading example below:

Buy Signal

  • A buy signal is formed when the blue colored cloud gets displayed in the indicator chart.
  • Initiate a buy transaction and place a protective stop below the most recent support zone.
  • Exit the buy trade for a fixed take profit, or reverse the buy trade when the magenta X colored cloud appears in the chart.

Sell Signal

  • A sell signal is formed when the magenta colored cloud gets displayed in the indicator chart.
  • Initiate a sell transaction and place a protective stop above the most recent resistance zone.
  • Exit the buy trade for a fixed take profit, or reverse the sell trade when the blue colored X cloud appears in the chart.

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TotalPowerIndicatorX.mq5 Indicator (MT5)

Frequently Asked Questions

How Do I Install This Custom Indicator On Metatrader 5?

  • Open the MT5 trading platform
  • Click on the File menu button located at the top left part of the platform
  • Click on Open Data Folder > MQL5 folder > Indicators
  • Copy the TotalPowerIndicatorX.mq5 indicator file in the Indicators folder
  • Close and restart the trading platform
  • You will find the indicator here (Navigator window > Indicators)
  • Drag the indicator to the chart to get started with it!

How Do I Edit This Indicator?

  • Click in the open chart with your right mouse button
  • In the dropdown menu, click on Indicator List
  • Select the indicator and click on properties
  • Now you can edit the inputs, colors, levels, scale and visualization
  • Finally click the OK button to save the new configuration