AI M.Y Indicator - Comprehensive Guide

🚀 Powerful Swing & Trend Analysis Tool

"Trade Smarter, Not Harder – Let AI M.Y Guide Your Way!"

📌 Overview

The AI M.Y Indicator is a MetaTrader 4 (MT4) tool designed to identify swing points, trend directions, and potential trade setups using advanced price action analysis. It combines:

✔ Swing High/Low Detection

✔ Trend Confirmation

✔ Fibonacci-Based Targets

✔ Custom Alerts

⚙️ Indicator Settings & Configuration

Input Parameters:

barn (Default: 1000) – Number of bars analyzed.

LengthB (Default: 60) – Swing detection period for long-term trend.

LengthK (Default: 12) – Swing detection period for short-term signals.

SoundAlertMode (Default: 1) – Enables/disables sound alerts (0 = Off, 1 = On).

Soundonly (Default: 1) – If 1, only plays sound without pop-up alerts.

period (Default: 21) – Period for dynamic support/resistance levels.

shifts (Default: 0) – Shifts the indicator backward/forward.

bar (Default: 2000) – Maximum bars loaded for calculation.

📊 How It Works

1. Swing Detection

Uses ZigZag-like logic to mark swing highs/lows.

Short-term swings (LengthK) help spot entry points.

Long-term swings (LengthB) confirm the major trend.

2. Trend & Alerts

Blue Arrow (▲) = Short-term BUY signal.

Orange Arrow (▼) = Short-term SELL signal.

"UP TREND" (Green) = Long-term bullish trend.

"DOWN TREND" (Red) = Long-term bearish trend.

3. Fibonacci Targets

Calculates Take-Profit (TP) levels based on Fibonacci extensions:

TP1 (Yellow) = 0.618

TP2 (Turquoise) = 1.000

TP3 (Light Blue) = 1.618

4. Dynamic Support/Resistance

Plots high/low channels based on the period setting.

🔔 Alert System

Sound Alerts: Plays when a new signal forms.

Visual Alerts: Displays on-screen text & trend labels.

📌 Usage Tips

✅ Best used on H1, H4, D1 timeframes for reliable signals.

✅ Combine with price action confirmation (e.g., candlestick patterns).

✅ Adjust LengthB & LengthK based on market volatility.

🔧 Installation

Download the AI M.Y indicator.mq4 file.

Copy it to MT4 MQL4 Indicators.

Restart MT4 and attach it to any chart.

📜 Developer & Source

Developer: R.KH

Year: 2025

Official Website: https://www.robomql.com

🎯 Final Words

The AI M.Y Indicator is a powerful tool for traders who rely on swing analysis & trend confirmation. Whether you're a scalper, day trader, or swing trader, this indicator helps spot high-probability setups with clear targets.

Happy Trading! 💹