This indicator enables traders to assess the intensity of price movements and identify structured entry and exit zones based on systematic trading methodologies.
You can download it from this link:https://cdn.tradingfinder.com/file/5...5-by-tflab.zip
You can also access the MetaTrader 4 version of this Indicator through this page:https://www.cryptocraft.com/thread/1...-mt-4-download
For instructions on how to install:https://www.forexfactory.com/thread/...-in-metatrader
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Indicator Categories
- Oscillators MT5 Indicators
- Currency Strength MT5 Indicators
- Momentum Indicators in MT5
Platform
- MetaTrader 5
Trading Skill Level
- Intermediate
Indicator Type
- Lagging Indicator
Supported Timeframes
- M15 – M30
- H1 – H4
Trading Style Compatibility
- Intraday Trading
- Scalping
- Day Trading
Supported Trading Instruments
- Forex
- Stocks
- Indices
Indicator Overview
The Grucha Percentage Index operates as a specialized momentum oscillator tailored for technical traders who require structured and objective market analysis. By monitoring price acceleration and directional momentum, it supports more precise evaluation of market conditions.
A core feature of this indicator is its ability to identify trend direction through the interaction between the index line and its moving average. Crossovers between these two lines may generate trade signals that correspond with the broader market structure.
Uptrend Trading Setup
On a 30-minute Gold (XAU/USD) chart within MetaTrader 5, the indicator can be utilized to detect strengthening bullish conditions.
- A crossover where the index line moves above the moving average line indicates increasing upward momentum.
- This signal may be interpreted as a potential buying opportunity.
- Additional confirmation tools are recommended to enhance signal reliability.
Such bullish crossovers typically reflect a transition toward positive market sentiment and may suggest trend continuation.
Downtrend Trading Setup
On a 1-hour USD/CHF chart, the indicator provides insight into developing bearish momentum.
- When the red index line crosses below the blue moving average line, it signals growing downside pressure.
- Traders may consider short positions following this bearish crossover.
- A deeper decline in the indicator value generally reflects stronger bearish momentum.
This configuration assists traders in aligning their positions with prevailing downward trends.
Indicator Settings
The Grucha Percentage Index offers customizable inputs to accommodate varying trading preferences and market conditions:
- Okresy: Determines the momentum calculation period.
- MA Okresy: Defines the moving average period.
- ALERT: Activates or deactivates alert notifications.
- EMAIL: Enables email-based alert delivery.
- NOTIFICATION: Allows push notifications to mobile devices.
- MESSAGE TIMEOUT: Sets the interval between alert notifications.
- MESSAGE SUBJECT: Customizes the alert message title.
These adjustable parameters increase flexibility and support effective trade management.
Conclusion
The Grucha Percentage Index Indicator is a structured momentum oscillator developed for traders using MetaTrader 5 who require enhanced clarity in trend evaluation and momentum measurement.
By integrating:
- A red index line representing momentum strength
- A blue moving average line providing signal confirmation
the indicator delivers clearly defined crossover signals and objective momentum analysis.
When incorporated into a disciplined trading strategy, the Grucha Percentage Index can contribute to more informed decision-making across Forex, equity, and index markets.
