Nimbus Algo Indicator for MT4

🌟 Streamline Your Trading with NimbusAlgo 🌟

NimbusAlgo isn’t your typical trading tool; it’s an Algorithmic Trading System designed to automate technical analysis. This innovative Indicator goes above and beyond, providing BUY/SELL signals, Stop Loss and Take Profit levels, and crucial Support and Resistance insights. It sets a new standard in trading by simplifying the decision-making process, eliminating emotional trading, and helping traders make more informed and profitable trades.

🔒 Unlock the Power of NimbusAlgo 🔑

NimbusAlgo has quickly become an indispensable tool for traders seeking precision and profitability. One of its standout features is the provision of BUY & SELL signals, which are both accurate and non-repainting. This means that once the signals appear on your chart, they won’t vanish for any reason.

🌪️ Volatility Tool 📈

Trading success often hinges on the market’s volatility when a trade is initiated. NimbusAlgo takes this into account with its Volatility Tool, expressed as a percentage on the dashboard. This tool color-codes the volatility levels, providing a quick visual representation:

0-25% (Red): Indicates low liquidity, signaling caution.

26-50% (Orange): Suggests a need for careful consideration before entering the market.

51-75% (Green): An optimal range for market entry with added confirmation.

76-100% (Dark Green): Signifies high volatility, requiring extra caution.

This tool helps traders make well-informed decisions, especially when combined with other NimbusAlgo features.

🚦 Market Condition Tool 🚥

The Market Condition Tool simplifies the decision-making process after a signal appears. It’s represented with green and gray squares, much like a traffic light. Here are the three scenarios:

gray: Advises against entering the market; waiting is preferable.

One Green Square: Signals a possible entry but recommends additional confirmation.

Both Green Squares: Indicates an excellent market situation for trading.

This tool streamlines the process of deciding when to enter or stay out of a trade.

🎯 Target Prices Dashboard 📊

Setting target prices can be a perplexing task for traders, especially beginners. NimbusAlgo addresses this challenge with its Target Prices Dashboard. It provides a Stop Loss price and two Take Profit prices, automatically calculated based on the signal and market conditions. These target prices are also sent via push notifications to your mobile device, allowing you to manage your trades even when away from your PC.

🔍 Support & Resistance 📈📉

Support and resistance levels play a crucial role in trading. NimbusAlgo simplifies the process of identifying these levels by automatically drawing them on your chart. It categorizes these levels into four types: Untested, Verified, Proven, and Turncoat. You even have the option to show a fifth level, Weak, based on your preferences. This feature helps traders make strategic entry and exit decisions.

🕯️ Candle Colours 🕯️

The Candle Trend Colours feature helps traders make sense of market trends by coloring candlesticks according to the prevailing market conditions.

Green: Indicates a LONG trend.

Red: Signifies a SHORT trend.

Purple: Suggests an unclear market situation with potential lateralization.

This tool helps traders visualize market trends and make informed trading decisions.

📱 Trading Anywhere, Anytime 🌍

NimbusAlgo understands the need for flexibility in modern trading. Whether you’re at work or on the go, you’ll receive trading signals directly on your smartphone through the advanced alerts system. These push notifications include essential information like currency pair, timeframe, Stop Loss, and Take Profit prices – everything you need to trade with confidence, right at your fingertips.

Demonstration video

The package includes:

Indicator : NimbusAlgo.ex4

****Please note:

All trading involves risks. Leveraged trading has significant potential rewards, but also significant potential risk. Be aware and accept this risk before trading. Never trade with money you cannot afford to lose. All forecasts are based on statistics derived from the past performance of any trading methodology, which does not guarantee future results.