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Top indicators for MetaTrader 4 based on user ratings - 51
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G channel is a channel indicator with 3 lines- a middle line representing a central tendency and 2 Upper and Lower boundaries calculated based on the past values of same indicator. Its based on the paper "Recursive Bands - A New Indicator For Technical Analysis" by Alex Grover and is a code conversion from TradingView. The channel breakout of Upper or Lower boundaries represent a new trend or trend continuation while narrowing of bands represents ranging or low volatility conditions. The channel can prove to be a good indicator of a trend direction and also a guide for trailing of stop loss. It has only 2 variables. Channel period - default set to 100. Price type.
The Momentum indicator, in which the indicator period is calculated automatically using the number of bars of the current day.
It uses a detrender based on a Т3 filter, and the "moment" is the price at the closing of the bar.
One more interpretation of the well-known ZigZag. The indicator is written to work according the trading system described here: http://forum.fibo-forex.ru/viewtopic.php?t=1368 The indicator works with ZigZag by Rosh (Zigzag2_R_).
The divergences of the Stochastic, the continuation of the divergences topic.
It shows the levels: SPREAD and STOPLEVEL - the minimum allowed levels of the StopLoss/TakeProfit in points. It informs if these values are changed.
With this indicator you can check data mining news from InvestMiner.com while analysis a symbol Graph.
Indicator PerkyAsctrend1, as well as all other ASCTrend indicators is based on Laryy williams' oscillator %R, or WPR (Williams’ Percent Range).
WPRslow is an indicator based on Larry Williams' oscillator %R, or WPR (Williams’ Percent Range). It shows a long-term market tone.
A Notifier for I-Regr Indicator, It alerts when Price Breaks Up or Down I-Regr lines.N
this indicator is from the e-book master the market of Tom Williams, calling VSA method. It plots many arrow sign of the weakness and strength definition. Just point the mouse out at the sign, then the definition will show.
This indicator is calculating numbers of ticks and average time between ticks for each minute in the current hour.
Draws a Horizontal Line at Session Open: On the hour (09:00, 15:00 etc) or any minute past the hour (9:30, 18:47 etc).
The indicator draws true Key Level on chart based on DiNapoli Fibonacci levels gives point of intraction by buyers and sellers.
Once the price closes above or below the two moving (60 &100) a signal is generated. Signal must be generated ONLY in-case the price closes above/below the TWO lines.