Two Complements Indicator

"Where Precision Meets Power – Trade with Confidence!"

🔹 Overview

The Two Complements Indicator is a sophisticated MetaTrader 4 (MT4) trading tool designed to generate buy and sell signals by combining multiple technical indicators. It integrates:

Moving Averages (EMA)

Relative Strength Index (RSI)

Bollinger Bands

Bulls & Bears Power

Magic Filter (Price Extremes Detection)

This indicator is ideal for traders who want high-probability signals based on multi-indicator confluence.

🔹 How It Works

The indicator scans for five key conditions before generating a signal:

🔸 Buy Signal Conditions (▲ Purple Up Arrow)

Faster EMA Slower EMA (Trend Confirmation)

RSI 50 (Momentum Shift)

Price Below Bollinger Lower Band (Oversold Condition)

Bulls Power Rising (Buying Pressure)

Magic Filter Confirms Strength (Price Extremes)

🔸 Sell Signal Conditions (▼ Purple Down Arrow)

Faster EMA Slower EMA (Trend Reversal)

RSI 50 (Weak Momentum)

Price Above Bollinger Upper Band (Overbought Condition)

Bears Power Falling (Selling Pressure)

Magic Filter Confirms Weakness (Price Extremes)

🔹 Indicator Settings

🔸 Core Parameters

ParameterDescription

FasterMovingAverageFast EMA period (default: 5).

SlowerMovingAverageSlow EMA period (default: 25).

RSIPeriodRSI lookback period (default: 12).

MagicFilterPeriodDetects recent highs/lows (default: 5).

🔸 Bollinger Bands Settings

ParameterDescription

BollingerbandsPeriodBB period (default: 10).

BollingerbandsDeviationBB standard deviation (default: 1.6).

BollingerbandsShiftBB shift (default: 0).

🔸 Bulls & Bears Power

ParameterDescription

BullsPowerPeriodBulls Power period (default: 12).

BearsPowerPeriodBears Power period (default: 12).

🔸 Alerts & Display

ParameterDescription

AlertsEnable alerts (default: TRUE).

indentDistance of arrows from price (default: 2).

🔹 How to Use in Trading

Trend Confirmation – Only take signals in the direction of the EMA crossover.

Confluence Trading – Wait for at least 3/5 conditions to align before entering a trade.

Bollinger Bands as Dynamic S/R – Extreme touches indicate potential reversals.

RSI as Momentum Filter – Avoid trades when RSI is neutral (~50).

Example Trade Setup:

BUY when:

Purple ▲ Arrow appears below price.

EMA(5) EMA(25).

RSI 50.

Price is near Bollinger Lower Band.

SELL when:

Purple ▼ Arrow appears above price.

EMA(5) EMA(25).

RSI 50.

Price is near Bollinger Upper Band.

🔹 Alert System

Popup Alert: Shows "BUY" or "SELL" signals.

Sound Alert: (If enabled in MT4 settings).

Example Alert:

"EURUSD M15 – BUY Signal Detected!"

🔹 Developer & Source

Developer: R.KH 1001

Website: https://www.robomql.com

Final Words

The Two Complements Indicator is a highly reliable tool for traders who prefer multi-indicator confirmation. By combining trend, momentum, volatility, and price extremes, it provides high-quality signals with minimal false alarms.

🚀 Trade Smarter – Let Two Complements Light Your Path to Success! 🚀