Royal Wave Pro M5

Overview of Royal Wave Pro M5

• Royal Wave Pro M5 is a Trend-Power oscillator designed for MetaTrader 5.
• Price: 69.0 USD
• Published on: 30 December 2021
• Rating: 3.5 based on 5 reviews
• Author: Softplus

Core Functionality

• Detects low-risk entry and exit zones for trading.
• Statistically analyzes market conditions to signal overbought or oversold areas.
• Utilizes a well-designed alerting system providing sound alerts, push notifications, and visual signals for trade actions.

How It Works

• The oscillator oscillates between 0 and 100, indicating the strength of a trend.
• Values around zero suggest the potential for significant price movement.
• Colors indicate trends: yellow signifies a strong uptrend, while blue indicates a strong downtrend.

Entry and Exit Zones

• Entry Zones: Identified when the oscillator is near zero, indicating a substantial price movement is likely.
• Exit Zones: Occur when the oscillator appraoches 100, suggesting overbought conditions (yellow) or oversold conditions (blue). 🎯
• Signal Matrix assists in recognizing low-risk points to enter reversal trades.

Additional Features

• Multi-Timeframe and Multi-Currency analysis capabilities enhance market versatility.
• No repainting, ensuring signal integrity.
• Zone Flasher feature visually highlights zones requiring action. ⚡

User Interaction and Support

• Direct communication with the author through MQL5 messenger for queries or issues.
• Video tutorials available to guide users in maximizing the indicator's potential.
• Encouragement to subscribe to a YouTube channel for ongoing updates and insights.