Power Pulse — a market sentiment indicator
Using technical indicators is an integral part of successful stock trading. They allow you to objectively assess the current market situation and help you make more informed decisions.
Most beginners prefer simple and clear tools that provide clear signals to enter the market or indicate the direction of the trend.
The Power Pulse indicator for the MetaTrader 5 platform is just such a convenient assistant, which can be called a market sentiment indicator.
Power Pulse for MetaTrader 5, recently released on the MQL5 Market, is a free tool designed to evaluate the strength of buys and sells on various timeframes, from M1 to Monthly.
The indicator displays market sentiment as a numeric value on a scale from 0 to 100, where:
Green values (0-100) indicate the strength of buying.
Red values (0-100) reflect sales strength.
The higher the value, the stronger the side, and the more reliable the signal confirmation can be.
This gives the trader a simple guideline: in which direction is it better to open a trade now – with the trend or against it.
Market Sentiment Indicator Settings
The Power Pulse indicator offers minimal but useful settings that allow you to adapt it to your own trading style.
In the parameters, you can select the signal strength threshold (Threshold), change the calculation period (Period) and activate the display of text for clarity.
This is useful if you want the indicator to react only to strong impulses - for example, when the strength value is above 80.
The indicator is especially useful in situations where the market is in a state of uncertainty. It helps quickly assess who is currently dominant and make a decision: enter a trade, wait for confirmation, or stay out of the market. It is suitable for both Forex and other asset classes.
Thanks to support for all timeframes from M1 to Monthly, Power Pulse can be used for scalping and medium-term trading.
Despite its simplicity, this indicator can become an important element of a trading system. However, like any technical tool, it shouldn't be treated as a "magic button," and it should be tested on demo accounts .
