Advanced Currency Meter by Nesimeye Oswald. Supply and demand zones are not exactly the same as conventional support and resistance but they complement each other quite well. When the RSI values get to a specified level, the alerts will go off, on the chart, on the MT4 phone app or via email You can receive text messages to your phone if you activate texts on your Gmail account. The indicator trades during horizontal channel breakthroughs.
Best timeframe is H1 This is an efficient tool for both novice and experienced traders. Signal The indicators gives the following 2 specific zones High Zone - the green rectangle in the chart.
If the candlestick closes inside the green rectangle, the price may bounce back and forth inside it until it breaks the re. The ability to see which way the market is heading instantly.
This is a must for all trend traders. Works on all time frames. The indicator plots a trend channel using the technique by Gilbert Raff.
The channel axis is a first-order regression. The upper and lower lines show the maximum distance the Close line had moved away from the axis line.
Therefore, the upper and lower lines can be considered as resistance and support lines, respectively. As a rule, most movements of the price occur within a channel, going beyond the support or resistance line only for a short time. If the price remains outside the channel long.
Simple and useful indicator. Pivot Points are used to project potential support and resistance levels. The main time periods used are daily, weekly, and monthly pivots. The formula for the daily pivot point is shown below: CCI measures current price level relative to an average price level over a given period of time.
CCI is high when prices are above the average price, and low when the prices are. The fractal consists of a two sets of arrows - up upper fractals and down lower fractals. Each fractal satisfies the following conditions: Upper fractal - maximum high of a signal bar exceeds or is equal to maximums of all bars from the range to the left and to the right; Lower fractal - minimum low of a signal bar is less or equal to minimums of all bars from the range to the left and to the right.
Chart Projection started as a simple small indicator that used zigzag to project 2 levels the price was probably going to reach.
With the update a new algorithm has been introduced which does not rely on the ZigZag, thus avoiding repaints and providing solid calculation data in order to get to the price forecast.
The Relative Strength Index RSI is a well known momentum oscillator that measures the speed and change of price movements, developed by J. Features Find overbought and oversold situations.
The indicator is non-repainting. FX Trend free displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long they last and how powerful they are.
All this makes it an easy-to-use trend trading system for beginners, advanced and professional traders. This indicator shows the latest untouched support and resistance as horizontal lines. With this indicator you can e. Stochastic signal, moving averages and MACD in one indicator. The indicator also shows the current price, the spread of the broker, the amount of pips of the day, the day volume periods, buying and selling volumes.
Good for scalpingstrategy on M5, M15 charts. It uses the difference between the Open price and the current price of the current candle of each timeframe. Works on any chart. Works on any period and needs just one candle. Does not provide entry signals, it just displays the indicative information for your consideration.
This is a very simple but also very useful indicator. In combination with other tools, it. This indicator is a market analysis method based on the "Mathematical formula for market predictions" article written by W.
Gann depending on square of nine and square of methods. The indicator detects and displays Shark harmonic pattern see the screenshot. After detecting the pattern, the indicator notifies of that by a pop-up window, a mobile notification and an email. The indicator highlights the process of the pattern formation and not just the complete pattern. In the former case, it is displayed in the contour triangles. After the pattern is comple. The indicator identifies when a divergence occurs between price and an oscillator.
It identifies both bullish and bearish divergences. Please check out my other divergence products: Only one oscillator can be selected per chart. Draws solid lines for r.
Optimal for Binary Options and Forex. For beginners and intermediates. The strategy is based on 4 ADX parameters, including pivot points and candle patterns. It is recommendable to combine the arrow with an moving average, Elliot waves indicator or Parabolic SAR.
Add your favorite trend indicator and combine it with the arrow. Pivot Point Reversal x2 indicator shows entry and exit points based on candle patterns. The indicator consists of: There are data buffers making it possible to use the indicator within EAs. First, the indicator looks for reversal patterns consisting of candles. Trading based on candlestick patterns is one of the popular price action methods.
This free version of the indicator automatically recognizes seven popular bullish and bearish patterns to trade. The indicator implements a filter to eliminate a set of non-promising patterns. You can select which patterns to be recognized by the indicator. Here is the list of the patterns: This indicator shows the relative strength of 8 major currencies: The strength value is normalized to the range The value above 60 means strong. The value below 40 means weak.
The corresponding EA is available: BarsToCalculate - Number of bars to calculate. The XLV Moving Average Color Indicator uses exactly the same data as the standard moving average of MetaTrader, it automatically change the color line as the direction of it. The indicator has a parameter with the alert function that is thrown to the color change, thus helping the trader to identify new trends of the market. In lateral movements the indicator repaints in next bar Input Settings Period - Moving Average period for calculation; Method - Moving Average method;.
This product is an oscillator with dynamic overbought and oversold levels, while in the standard RSI, these levels are static and do not change. When a buy or a sell signal appears, an arrow is drawn on the chart and an alert is triggered allowing you to open a position in a timely manner and avoid sitti. Dashboard Panel multi symbol version for this indicator is available here. The indicator detects and displays Cypher harmonic pattern also known as Anti-Butterfly see the screenshot.
In the former case, it is displayed in the contour triangle. Having to check constantly if your RSI has reached a specific level can be tedious and draining at times, especially if you have to monitor different asset classes at a time.
The Alert RSI indicator will assist in this task, ensuring that you get the most with little effort. When the RSI values get to a specified level, the alerts will go off, on the chart, on the MT4 phone app or via email You can receive text messages to your phone if you activate texts on your Gmail account.
Daily pivot are relatively important in trading. This indicator have options to select 4 commonly use pivot point calculations. Trading Volume indicator shows the volume of Buying and Selling Trades on the Current Bar Or on average of specific number of last bars as you want.
Both volumes are shown simultaneously with green and red colors for Buying and Selling Trading Volumes respectively. And a Percentage ratio of both Volumes appears too in same colors. This is an implementation of the market cycle indicator described by Raghee Horner in the book "Forex Trading for Maximum Profit".
The current state of the market can be determined by analyzing the inclination angle of the exponential moving average EMA running on a period of 34 bars. If the EMA inclination is defined as the direction of the hour hand on the dial from 12 to 2 hours, then an uptrend is considered to be present; from 2 to 4 hours, the market consolidates; from 4 to 6 hours, a d. This indicator scans for yo. The main feature of the "HMA Trend Professional" indicator is the ability to predict the trend reversal with high probability.
How to Write an Expert Advisor or an Indicator. Regardless of the market forex, securities or commodity market , indicators help to represent quotes in an accessible form for easy perception. This section contains thousands of applications that analyze financial markets using different algorithms.
Conventionally, they can be divided into a few categories: In addition, there are sets of indicators based on algorithms by famous financiers. For example, Bill Williams' indicators and likes of it. All of them are characterized by different parameters of reliability, efficiency, lagging and others. There are more than indicators for technical analysis: Allows customization of most of the parameters without having to dive into code. My version of Squeeze Indicator for MetaTrader 4.
This indicator is based on a strategy mentioned in John Carter's book, Mastering the Trade. This indicator plots the values of the user specified ATR period for all timeframes as a text block. The chart screenshot shows market profiles calculated and displayed for two daily Forex trading sessions.
The timeframe is M30 and the right-hand daily session is still in progress. The earliest prices are blue and the latest prices are red. The medians and the value areas are marked with the white lines and display the most important price areas. Traders tend to return to those areas if the volume of the breakout movement is not too high. High-volume breakout out of these areas signifies a real breakout. You can read more about Market Profile in this short e-book: Book on Market Profile.