Meravith MT5

Market makers' tool. The indicator analyzes volume from every point and calculates exhaustion market levels for that volume.

Meravith main lines:

- Bullish volume exhaustion line - serves as a target.
- Bearish volume exhaustion line - serve as a target.
- A line indicating the market trend. It changes color depending on whether the market is bullish or bearish and serves as trend support.

How to use it: Double click on the vertical purple line and move it to the position you want.

You can analyze anything – trends and corrections. Move the indicator to the top, bottom, or any point of the market you consider important. A good approach is to set Meravith in a place where the market stays between the exhaustion lines; this way, you will have clear targets to chase. If the initial exhaustion lines are broken, new exhaustion lines will appear, creating additional channels you can trade.

After exhaustion is reached, you can reposition the indicator or move to a different time frame in order to identify new exhaustion levels.

The greater the distance between the trend line and one of the volume exhaustion lines, the higher the volume in that direction.
The trend line can be used as a place for opening orders while the exhaustion lines to collect your profit.

Meravith includes on-chart buttons, making it much easier and faster to work with – all core functionalities can be toggled directly from the chart. Here’s what each button does:

• DEV – Displays a double deviation from the support line, which can act as an additional support level if the trend has high volume inside.
• 95% – Draws a curve covering 95% of the latest 20 candles. If price breaks outside this level, the move is considered strong.
• 99% – Similar to 95%, but covers 99% of the latest 20 candles. A break beyond this zone indicates an extreme move.
• Eq - Volume equilibrium line
• CH – Shows the full support channel for better structure visualization.
• MID – Marks the midpoint (50%) of the entire move, along with 0% and 100% levels.
• E – Switches between Meravith and Enigmera modes. This gives you access to Enigmera’s basic features.
• Vd – Highlights candles with unusually high volume deviation compared to the average.
• % - Compares bullish and bearish channels as percentage %
• ON / OFF – Turns the entire indicator on or off.