Power Pulse - market mood indicator
The use of technical indicators is an integral part of successful trading on the exchange. They allow you to objectively evaluate the current state of the market and help make more balanced decisions.
Most beginners prefer simple and understandable tools that give clear signals to the entrance to the market or indicate the direction of the trend.
It is such a convenient assistant that is the Power Pulse indicator for the Metatrader 5 platform, which can be called the market mood indicator.
Power Pulse for Metatrader 5, which recently appeared on the MQL5 Market, is a free tool designed to evaluate the purchase and sales force on various timeframes - from M1 to Monthly.
The indicator displays the mood of the market in the form of digital values on a scale from 0 to 100, where:
Green values (0–100) indicate the power of purchases.
Red values (0–100) reflect the power of sales.
The higher the value, the stronger the side, and the more reliable the signal confirmation can be.
This gives the trader a simple landmark: in which direction it is now better to open a deal - on a trend or against it.
Market mood indicator settings
The Power Pulse indicator offers minimal, but useful settings that allow it to adapt it to their own trade style.
In the parameters, you can choose the threshold of the signal force (Threshold), change the calculation period and activate the display of the text for clarity.
This is convenient if you want the indicator to react only to strong impulses - for example, with a force of strength above 80.
The indicator is especially useful in situations where the market is in the phase of uncertainty. It helps to quickly evaluate who dominates at the moment - and make a choice: enter the deal, wait for confirmation or stay outside the market. Suitable for both trade on Forex and for use on other assets.
Thanks to the support of all timframes from M1 to Monthly, Power Pulse can be used for scalping , and for medium -term trade.
Despite its simplicity, the indicator can become an important element of the trading system. But like any technical tool, it should not be perceived as a “magic button”, and before use you must definitely check on demo accounts .