The STARC Bands Super Signal indicator for Metatrader 5 draws bands on the chart that can be used successfully for both trade entry and take profit opportunities.
It’s easy to trade with the STARC bands indicator, find a trading strategy down below this page.
STARC Bands basic information:
- Upward-pointing STARC bands indicate an uptrending market.
- Downward-pointing STARC bands indicate a down-trending market.
- It can be used as a buy on dips, sell on rallies trading strategy.
The following indicator inputs and parameters can be modified: time frame, STARC main period, average type, price, ATR period, multiplier 1 & 2, ATR averaging type, and interpolate MTF.
The indicator works for any trading instrument (Forex, Stocks, Indices, Metals, etc.) that can be loaded into the Metatrader 5 platform.
Please make yourself familiar with this technical indicator and test it first on a demo account until you fully understand how it works.
It supports all time frames and Forex pairs.
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STARC_bands.mq5 Indicator (MT5)
Chart Example
The following chart shows what the STARC Bands Super Signal indicator looks like when applied to the MT5 chart.
How To Buy And Sell Currency Pairs With The STARC Bands Super Signal Indicator?
Find a simple trading strategy below:
Buy Signal
- The STARC bands must have an upward slope (bullish trend), and the candle closes back above the lower black line from below (see chart example above).
- Open a buy trade and place your stop loss below the lower blue STARC band.
- Close the buy trade when price touches the upper STARC band, or utilize your own take profit methodology.
Sell Signal
- The STARC bands must have a downward slope (bearish trend), and the candle closes back below the upper black line from above.
- Open a sell trade and place your stop loss above the upper blue STARC band.
- Close the sell trade when price touches the lower STARC band, or utilize your own take profit methodology.
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STARC_bands.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the STARC_bands.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration