Dark Power

Overview of Dark Power

Dark Power is an indicator designed for intraday trading. It is based on a trend-following strategy and utilizes a histogram to determine the strength of the trend. The histogram is calculated based on the size of the bars, and two moving averages calculated on the histogram determine the direction of the signal.

Key Benefits

• Easily visible take profit/stop loss lines
• Intuitive directional arrows by colors
• Magic histogram showing the trend direction
• Useful statistics indicating the win rate of the signals
• Market Scanner available upon request
• Automated adjustment for each timeframe and instrument
• Easy to use even for beginners
• Never repaints, never backpaints, not lag
• 100% compatible with Expert Advisor development
• All types of alerts available: Pop-up, Email, Push notification, and sound alerts
• Highly customizable settings

Recommendations

• Use low spread ECN brokers for manual trading
• Follow the arrows to open trades
• Check the histogram to see the signal power

Parameters

Indicator Main Settings

• Objects Prefix: Prefix for object, change it if you want to use multiple instances
• Max Bars: Number of bars to apply the indicator

Histogram Color Settings

• Long Candle color: Color for histogram long bar
• Short Candle color: Color for histogram short bar

Dark Power Settings

• Show moving average over the histogram: If true, show the moving average
• Long candles color: Color for long moving average
• Long candles period: Period for calculating the moving average
• Long candles calculation method: Method for calculating the moving average
• Short candles color: Color for short moving average
• Short candles period: Period for calculating the moving average
• Short candles calculation method: Method for calculating the moving average

Buy/Sell Arrows Settings

• Show Buy/Sell Arrows: Self-explanatory
• Buy Arrow Color: Self-explanatory
• Sell Arrow Color: Self-explanatory
• Arrow size: Bigger number, bigger arrow

Coefficient After Entry

• Coefficient: Coefficient amount for current signal advantage

SL/TP Settings

• SL/TP Lines Settings

Signal Settings

• Alert Settings

Dashboard Settings

• Dashboard corner: Choose the corner or disable the dashboard
• Statistics text color: Color for the statistics
• Max Bars: Max number of bars to apply the indicator
• Custom chart: Use my favorite colors in your chart

User Reviews

• "Dark Power is a good tool to add to your existing strategies. Its signals are close to the mark and combined with other tools, it adds value to your trading methods." - TheDeal
• "Very accurate TP and SL... best indicator I've tried, and mixing with other indicators makes it more precise." - fery gunawan
• "I loved your Dark Point indicator. Very good in trading. I now purchased your Dark Power indicator for more power. Looks very good with all the stop loss and take profit levels." - Jonathan Marvin De Guzman Baldovino

Conclusion

Dark Power is a robust indicator for intraday trading, offering a range of customizable settings and benefits. Its intuitive design and powerful features make it a valuable tool for both novice and experienced traders. With positive user reviews and a strong track record, Dark Power is a compelling choice for those looking to enhance their trading strategies. 🚀📈