Technical Indicators for MetaTrader 4 - 57

Multi-currency indicator, analyzes 56 currency pairs simultaneously: AUD EUR GBP NZD CAD CHF JPY USD AUD SUMM EURAUD GBPAUD AUDNZD AUDCAD AUDCHF AUDJPY AUDUSD EUR EURAUD SUMM EURGBP EURNZD EURCAD EURCHF EURJPY EURUSD GBP GBPAUD EURGBP SUMM GBPNZD GBPCAD GBPCHF GBPJPY GBPUSD NZD AUDNZD EURNZD GBPNZD SUMM NZDCAD NZDCHF NZDJPY NZDUSD CAD AUDCAD EURCAD GBPCAD NZDCAD SUMM CADCHF CADJPY USDCAD CHF AUDCHF EURCHF GBPCHF NZDCHF CADCHF SUMM CHFJPY USDCHF JPY AUDJPY EURJPY GBPJPY NZDJPY CADJPY CHFJPY SUM

The Hedging indicator is a trading tool, allowing to exit a floating loss that results from erroneous trades by using hedging of trade results. This tool also allows you to solve the problem of negative locking. Hedging of trade results means their simultaneous closing TakeProfit and Stop Loss calculated by the indicator. The indicator takes into account the volume of opened positions! When the number or volume of trades is increased or reduced, the TakeProfit and StopLoss levels are automatical

Eldorado MT4 is a new MetaTrader 4 indicator based on a digital filter, it has been developed by a professional trader. By purchasing this indicator, you will receive: Excellent indicator signals! Free product support. Regular updates. You can use it on any financial instrument (Forex, CFD, options) and timeframe. Simple indicator setup, minimum parameters. Signals for Position Opening: Open Buy when the channel goes up. Open Sell when the channel goes down. Recommended Usage It is recommended t

Colored indicator of the linear channel based on the Fibonacci sequence. It is used for making trading decisions and analyzing market sentiment. The channel boundaries represent strong support/resistance levels, as they are the Fibonacci proportion levels. Users can select the number of displayed lines of channel boundaries on the chart by means of the input parameters. Attaching multiple instances of the indicator to the chart with different calculation periods leads to displaying a system of c

AIS Correct Averages indicator allows you to determine the beginning of the trend movement in the market. Another important quality of the indicator is a clear signal of the end of the trend. The indicator is not redrawn or recalculated. Displayed values h_AE - the upper limit of the AE channel l_AE - the lower boundary of the AE channel h_EC - High value projected for the current bar l_EC - Low predicted value for the current bar Signals for the indicator The main channel signal is the in

Colored indicator of the linear channel. Plotting and calculation is based on the Keltner method. It is used for making trading decisions and analyzing market sentiment. The input parameters provide the ability to adjust the channel on the chart. Attaching multiple instances of the indicator to the chart with different calculation periods leads to displaying a system of channels on the chart. Various options for plotting the channel are shown in the screenshots. Purpose The indicator can be us

Price Pressure indicator is capable to determine the total result of buy/sell pressure. The result is given in Average True Range (ATR) percent. Price Pressure analyze price action determining how much pressure is present for each candle. Buying or Selling pressure is cumulative, and the more bear/bull bodies and the larger the bodies, the more likely it is that the pressure will reach a critical point and overwhelm the bulls/bears and drive the market down/up. Strong bulls create buying pressur

This is a color indicator of linear channel for RSI. The indicator and its calculations are based on Keltner's methodology. It is used for making trading decisions and analyzing market sentiment. Input parameters allow the user to customize the channel/channels. The indicator allows drawing two channels on a single chart of the RSI indicator. Possible options for channel drawing are shown in the screenshots. Purpose The indicator can be used for manual or automated trading within an Expert Adv

DSS is similar to Stochastic except for this Indicator we use what is called double exponentially smoothing. This will give the trader a more speedy response to price changes which tends to smooth out the erratic movements of a regular Stochastic. Because its always best to know what the larger timeframes are doing. I have adopted the tactic of overlaying the larger chart of DSS over the smaller chart to gauge whats going on overall and to pint point best entry or exit points. I have left it adj

Convergence is when the higher highs and higher lows of an uptrend are also confirmed by our indicator making lower lows which helps us confirm that momentum is increasing and so the trend is likely to continue. Vice versa for a downtrend. Divergence is when we get higher highs on an uptrend but which are not supported by our indicator which makes lower highs and therefore signals the underlying momentum is failing and so a reversal might occur. Vice versa for downtrend. I have combined these me

Hi Traders, This useful product will Helps you to get 28 currencies power meter as indicator buffers for use in Expert Advisors and other Indicators . You can get them as buffers 0-27 for current candle. Buffers Value - This values are between -100 to +100 ("-" for Bearish Trend, "+" for Bullish Tread), For Ex. if EURUSD's Buffer is +37 it means it is in a bullish trend and bigger values is better for us. Time Frames - In all time frames you will get same values for each buffer (thy are not depe

Colored indicator of the linear channels based on the Fibonacci sequence for the RSI. It is used for making trading decisions and analyzing market sentiment. The channel/channels boundaries represent strong support/resistance levels, as they are the Fibonacci proportion levels. Users can select the number of displayed lines of channel boundaries on the chart by means of the input parameters. Various options for using the indicator are shown in the screenshots. The middle of the channel is shown

Bollinger Bands (BB) + Relative Strength Index (RSI) + Alert Many traders are interested in the Reversal Strategy. The indicators Bollinger Bands (BB) and the Relative Strength Index (RSI) are suitable for this strategy. The indicator offered here combines Bollinger Bands (BB) and the Relative Strength Index (RSI) to get pop-up and sound alerts. This supports you especially when trading multiple currency pairs. For this strategy a periodicity of for example >30 minutes could be appropriate.

The indicator finds the Pin bars on the chart, perhaps, the most powerful Price Action pattern. The indicator has additional filters, and the user can: specify all parameters of the pin bar size as a percentage of the total candle size (minimum length of the large wick, maximum values of the short wick and body size). set the number of fractals for the last N bars, the Pin bar is based on, i.e. define the support/resistance levels. specify the required number of bearish/bullish bars before the P

Stochastic is the indicator used by traders the most. This version allows to extract the maximum amount of information without hassle of constantly switching between the timeframes and, thereby, greatly simplifies working with it. This is a standard Stochastic oscillator provided with an info panel displaying the current relative position of %K and %D lines on all timeframes. The info panel is intuitive and easy to use. The oscillator is especially useful in scalping techniques when you need to

The List swap is an indicator for the MetaTrader 4 platform, which allows to display swaps for all symbols (available in the Market Watch). When using the free demo version, you need to remember that the Strategy Tester of the MetaTrader 4 does not provide the ability to obtain data on other symbols. In the Strategy Tester, the swap information will be displayed only for the symbol the indicator is attached to. The indicator can be useful for traders utilizing the "Carry trade" strategy, as well

Price action is among the most popular trading concepts. Candlestick patterns are essential tools for every price action trader. A candlestick pattern is a one or sometimes multi-bar price action pattern shown graphically on a candlestick chart that price action traders use to predict. Input Parameters On Alert - true/false (displays a message in a separate window). Patterns Reverse - true/false (allow displaying the backward candle patterns). Max Bar - numbers of bars. Parameters in chart C

The Trend Line Index is a multi-currency indicator that shows the strength of a currency at the moment or for any period of history data. Description of strategy and operation principle The indicator constantly analyzes 8 currencies or the ones that make up the 28 currency pairs . In the settings you can choose the period to analyze the movement you are interested in. To do this, select the timeframe, the number of the analyzed bars in the settings, as well as the number of the bar to start th

The indicator calculates and displays Renko bars using PSAR and CCI data as well as provides buy/sell signals. Renko is a non-trivial price display method. Instead of displaying each bar within a time interval, only the bars where the price moved a certain number of points are shown. Renko bars do not depend on a time interval, therefore the indicator works on any timeframe without losing its efficiency. The buy signal is generated when the CCI indicator crosses the 100 level upwards, and the PS

This indicator depends on some secrets equations to draw Signals with Stop loss and maximum 4 Take profits. There is a free EA depends on this indicator as a gift when you purchase/rent it. Features Simply it gives you entry point as Ready sign (Buy / Sell) and arrow (Buy / Sell) after candle closed, also SL line and 4 TP lines or less. Once SL-TP lines are shown with the arrow, they remains as they are until signal change. It is historical indicator. No Repaint. user manual for V5 please cli

Control over the indicator is performed by changing only one parameter directly on the chart. Innovative and precise algorithm for plotting the ZigZag peaks. The "ProZZcom" indicator plots a graphical layout, which allows to quickly find the points for accurate entries and for placing short stop orders. It also predicts a possible flat in the early stages, shows the trend direction and correction in the wave, draws the round levels, draws the Fibonacci level lines. The indicator works on any ins

The indicator works when there are open orders present in the market. It calculates the price, upon reaching which the total profit of all open orders will be equal to zero, the breakeven level. The calculation takes into account the orders of the currency pair the indicator is running on. Orders can be filtered by the magic number. Description of the indicator settings: Line_Create - display the breakeven line color_Line - line color style_Line - line style width_Line - line width Text_Create -

This indicator calculates and draws bank levels from a minimum of three days to a maximum of ten days. It is very useful to trade the breakout or the pullback and when the price levels break the highest or lowest level, indicating an imminent explosion of volatility. Best use with Pips Average Range indicator. Parameters settings numbers_of_day - from 3 to 10 (better use on 10 days). levels_High_color - set color for High levels. levels_Low_color - set color for Low levels.

The main function helps you trade in the direction of the trend D1. All this make it Become One trend trading system easy to use for beginners, advanced and professional traders. This indicator will give you a new perspective and it suggests you a decision on the market. The indicator is equipped with a pop-up and audio alert. This indicator creates a very important that optimizes the entry points. We are very happy to have created this indicator and we hope it will be useful to all. Features

The indicator plots dynamic support and resistance levels. Description of the indicator settings: Channel_expansion_coefficient - channel expansion ratio Main_Level - boundary size to recalculate the indicator levels ArrowRightPrice - enable/disable the display of the right price labels color_UP_line - color of the upper resistance line color_DN_line - color of the lower support line color_CE_line - color of the central lines style_ - style of the central lines width_ - width of the central li

AMD Exclusive characterized by high efficiency and can constitute a complete system. Indicator based on Price Action, Statistics and Overbalance. We encourage you to study indicator on its own until you know the tendencies of how it behaves relative to price movement. Indicator automatically optimizes time frame M15, M30, H1, H4, D1 and W1 (press the button [O] on the chart). Filter OVB (overbalance) has three modes: Manual [button F on chart]. Semi-automatic [button F on chart]. Automatic [butt

Features All in One indicator is a simple indicator. It makes you know about eight indicators in all timeframes at just one view in the same time. Stochastic RSI Moving Average (MA) Parabolic SAR ADX MACD CCI Last Candle (Candle) in all timeframes (M1, M5, M15, M30, H1, H4, D1, MN) in the same time. Parameters Stochastic PercentK : period of the %K line. PercentD : period of the %D line. Slowing : slowing value. RSI RSIP1 : period 1 RSIP2 : period 2 Fast Moving Average MA averaging period: ave

The indicator shows the market reversals as arrows. The reversal signals are based on observation of the market behavior. It is based on the principles of searching for extremums, volumes and Price Action. The indicator provides signals on the following principles: Search for the end of the ascending/descending trend Search for the reversal pattern based on Price Action Confirmation of the reversal by the contract volume. The indicator also features an alert triggered when the arrow appears. The

Critical Regions Explorer displays two fixed regions daily. These regions are powerful regions where price are likely change direction. It can be best used with all timeframes less than or equal to Daily timeframes and can be used to trade any instruments. Graphical Features Critical regions display. No repainting. General Features Automated terminal configuration. Accessible buffers for EA requests. How to Trade At the start of the day, do these four things: Identify upper critical region

You can avoid constant monitoring of computer screen waiting for the DeMarker signal while receiving push notifications to a mobile terminal or a sound alert on the screen about all required events, by using this indicator - DeMarker Alerts. In fact, it is the replacement of the standard indicator with which you will never miss the oscillator signals. If you don't know the benefits of DeMarker or how to use it, please read here . If you need signals of a more popular RSI indicator, use RSI Alert

If you use the MFI (Money Flow Index) indicator, the waiting time till the next signal can be long enough. Now you can avoid sitting in front of the monitor by using MFI Alerts. This is an addition or a replacement to the standard MFI oscillator . Once there appears an MFI signal on the required level, the indicator will notify you with a sound or push, so you will never miss a signal. This is especially significant if you follow the indicator in different timeframes and currency pairs, which ca

Ersi   The indicator shows overbought and oversold zones. Zones can be adjusted by levels, set in the settings. Settings: Period_I   - averaging period for calculating the indicator; Applied_Price   - used price; Percent_Coefficient   - percentage coefficient; Count_Bars   - the number of bars to display the indicator; Overbought_level   - overbought zone level; Oversold_level   - oversold zone level; Overbought_color   - color of the overbought zone; Oversold_color   - color of the oversold zon

The Intraday Momentum Index ( IMI ) is a technical indicator that combines aspects of Candlestick Analysis with the Relative Strength Index ( RSI ). The Intraday Momentum Index indicator concept remains similar to RSI and includes the consideration for intraday open and close prices. The IMI indicator establishes a relationship between a security open and close price over the duration of a trading day, instead of how the open and close prices vary between different days. As it takes into conside

Pivot Points is used by traders to objectively determine potential support and resistance levels. Pivots can be extremely useful in Forex since many currency pairs usually fluctuate between these levels. Most of the time, price ranges between R1 and S1. Pivot points can be used by range, breakout, and trend traders. Range-bound Forex traders will enter a buy order near identified levels of support and a sell order when the pair nears resistance. But there are more one method to determine Pivot p

The indicator's main objective is to define a trend direction, power and potential reversals calculating the ratio of each candle's squared average price gradient (High-Low). Based on the calculations, the indicator shows: Trend reversal; Trend direction; Trend power. The recommended timeframes are M1 and M5. In this case, the indicator is based on the M15 timeframe trend direction. When working on timeframes higher than M5, the indicator does not use a higher timeframe in its analysis. When sig

The Fx-PIOT indicator determines the movement direction of a financial instrument using a combined signal: the main signal + 2 filters. The screenshots were taken in real-time mode (/ Date=2017.01.24 / Symbol=NZDJPY / TF=H1 /). The main signal is displayed as arrows (Up / Down) + possible reversal zones. Calculation is made using the Open, Close, High and Low prices. Filter #1 is a trend filter determining trend on the D1 time-frame; it outputs a message: "Buy Signal" / "Wait for Signal" / "Sell

This indicator finds double top and double bottom reversal patterns, and raises trading signals using breakouts. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Clear trading signals Customizable colors and sizes Implements performance statistics Customizable fibonacci retracement levels It displays suitable stop-loss and take-profit levels It implements email/sound/visual alerts These patterns can expand, and the indicator follows the pattern by repainting. Howe

Swing High Low Pattern Recognition is a great indicator able to fix price levels and analyze the market swings. Swing High Low uses a dynamic approach of analysis that allows you to identify easily the best entry levels. The indicator using the minimum and maximum periods of the previous candles to analyze the impulsive movement and finally it sets the entry levels. The entry levels are: fast, good and best . The best is the last confirm of the swing. For a correct use we advise to wait the comp

When using CCI (Commodity Channel Index) oscillator, the waiting time till the next signal can be long enough depending on a timeframe. CCI Alerts indicator prevents you from missing the indicator signals. It is a good alternative for the standard CCI indicator. Once there appears a CCI signal on the required level, the indicator will notify you with a sound or push, so you will never miss an entry. This is especially significant if you follow the indicator in different timeframes and currency p

Fractals Notifier MT4 is a modification of Bill Williams' Fractals indicator. The fractal consists of 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. Unlike a stan

The Volatility Pro is a professional indicator for the MetaTrader 4 platform This indicator can be used to calculate the volatility using two methods. It is also possible to apply a moving average to the volatility histogram. This indicator allows to easily identify the bars with high volatility, and it will also be useful for traders who trade the volatility breakouts. By purchasing this indicator, you will receive: Excellent indicator signals. Free product support. Regular updates. Unique in

This indicator draws the Fibonacci -38.2, -17, 38.2, 61.8, 117, 138 levels for the last closed H1, H4, Daily, Weekly and Monthly candle. Features Automatic display of the most important Fibonacci levels. Parameters TimeFrame: Choose which timeframe you want Fibonacci levels to be based on. SetLabels: Visible/invisible Fibonacci level labels. Labels Position : Position of Fibonacci level labels (Right - Left - Middle). FontSize: Font size of Fibonacci level labels. c38: Color of level 3

Multi-timeframe Parabolic SAR dashboard allows you to add and monitor PSAR trends. The multi-timeframe Parabolic SAR dashboard will save you a lot of time and gives you a single view of the markets using PSAR. In short, you can just view one window and get a snapshot of up to 21 instruments on your MT4 platform. The indicator opens in a sub-window. Below are the features of the PSAR Dashboard Indicator Modify PSAR Settings: The PSAR Dashboard comes with default PSAR settings of 0.02 (Step) and 0

The indicator calculates and displays renko bars using Moving Average, Parabolic SAR and OsMA data as well as provides buy/sell signals. Renko is a non-trivial price display method. Instead of displaying each bar within a time interval, only the bars where the price moved a certain number of points are shown. Renko bars do not depend on a time interval, therefore the indicator works on any timeframe without losing its efficiency. The buy signal is generated when the OsMA indicator crosses the ze

The indicator plots charts of profit taken at the Close of candles for closed (or partially closed) long and short orders individually. The indicator allows to filter orders by the current symbol, specified expert ID (magic number) a nd the presence (absence) of a substring in a order comment , to set the start time and the periodicity of profit reset (daily, weekly or monthly) to calculate the profit chart. The indicator also displays the floating (not fixed) profit of the opened orders at the

Professional OB/OS Oscillator Is the digital momentum indicator , based on our ob/os formula and algorithm of digital output signal . It shows you when price goes on OverBought/OverSold position and also OverBought/OverSold of Trend . In the middle is an adjustable " Stop_level ". Above and below this area you should not trade . Precise; above Stop_level - stop going long , below Stop_level - stop going short . Min/Max indicator values are +-100%, but the scale is +-110% just for “easy look”

It is the same of Advanced Arrow indicator but shows the signal of 8 currencies pairs at the same time on 5 Timeframes without any TPs line or SL. Features You will know when exactly you should enter the market. This indicator does not repaint it's signals. Signal Types and Timeframes Used You can use this indicator on any timeframes but i recommend you to use it on H1, H4 frames. The indicator gives you four signals (Ready to Buy "RBuy", Ready to Sell "RSell", Buy, Sell). When RBuy appear y

The High and Low Points indicator is designed to calculate potential order points. The main feature of this indicator is to specify the points that the price can not exceed for a long time. The market always wants to pass points that can not pass. It is necessary to place an order waiting for this point indicated by this indicator. Is an indicator that constitutes many EA strategies. Designed for manual trading. Transaction Strategies High point buy stop order Low point sell stop order For exa

3xEMA Golden Cross Alert is indicator signal strategy trading by 3 Exponential Moving Average (EMA). It'll alert signal on next bar open with an audio or pop up on the chart when EMA signal cross above/below 3 periods EMA for Buy/Sell and Exit alert signal. BUY/SELL: When Short term's EMA > Medium term's EMA > Long term's EMA = Buy Signal When Short term's EMA < Medium term's EMA < Long term's EMA = Buy Signal Exit: When Short term's EMA < Medium term's EMA > Long term's EMA = Exit Signal for Bu

I present you with a product, in which I combined all my previous experience. This indicator is called Shark Binary Indicator . Shark Binary Indicator combines five different algorithms for issuing signals, between which you can switch if, for example, one produces bad results on your favorite currency pair on a particular day. The indicator is designed to work on timeframes from M5 to H1 with transaction expiration in one candle. I want to note right away that this indicator does not work based

The indicator displays Renko bars, uses their data to calculate and display the Ichimoku Kinko Hyo indicator and provides buy/sell signals. Renko is a non-trivial price display method. Instead of displaying each bar within a time interval, only the bars where the price moved a certain number of points are shown. Renko bars do not depend on a time interval, therefore the indicator works on any timeframe without losing its efficiency. Indicator generates two signals: When the Tenkan-Sen line is ab

Price Action Strength indicator uses the purest form of data available in the market (price action) to indicate the strength of the market move. Reading price action and measuring its strength is a subjective matter and it is a technique that takes years to master. The purpose of the indicator is to make the reading of the price action strength as objective as possible. The indicator is far more advanced then default oscillators, because in addition to the price movement and its direction, the P

The indicator measures the speed of ticks. The number of ticks per second. It is calculated as the number of ticks specified in an input, divided by the time of their appearance. It is possible to disable the audio signals about arrival of ticks using the button with the speaker icon: green - enabled, red - disabled. Description of the indicator settings number_ticks - the number of ticks to start calculation. The calculation will start only after all the specified number of ticks fully arrive

The indicator works only on the chart periods smaller than the daily period. It shows the boundaries of the daily candle and trading sessions. Description of the indicator settings: Count_Bars - limit on the number of bars for indicator calculation lineColor - line color lineStyle - line style lineWidth - line width candle_up - color of bullish candle mark candle_dn - color of bearish candle mark candleWidth - candle width AsiaBegin - opening time of the Asian session AsiaEnd - closing time of t

The indicator points at the areas of the potential price reversals using alerts. It is based on the moving average and RSI indicators, and shows their difference. Description of the indicator settings: EMA_Period — The averaging period for the calculation of the Moving Average indicator. EMA_Method — Averaging method. Can be any of the enumeration values, SMA — simple averaging, EMA — exponential averaging, SMMA — smoothed averaging, LWMA — linearly weighted averaging. EMA_Price — applied price

The indicator displays the moment the price reaches an extreme level, including an invisible one (due to screen size limitations). Even small peaks and bottoms are considered extreme points. The level is shown as a trend line extending for a distance from the current candle (bar) to the left. The level has two values: distance (in bars) for the extreme point in a straight line to the left and distance (in bars) from the current candle (bar) to the extreme point (see the screenshots). The indicat

The Gann Box (or Gann Square) is a market analysis method based on the "Mathematical formula for market predictions" article by W.D. Gann. This indicator can plot three models of Squares: 90, 52(104), 144. There are six variants of grids and two variants of arcs. You can plot multiple squares on one chart simultaneously. Parameters Square — selection of a square model: 90 — square of 90 (or square of nine); 52 (104) — square of 52 (or 104); 144 — universal square of 144; 144 (full) — "full"

The easy-to-use trading system SmartScalper generates the following signals: BUY SELL close BUY close SEEL SmartScalper works on the М15 timeframe and is optimized to work on GBPUSD, XAUUSD, GBPJPY, EURJPY, EURUSD. 12 different sets of trading algorithms are designed for trading (6 buy and 6 sell trades), which can be quickly selected by the trader using buttons in the indicator window, or are set in the input dialog. The efficiency of the trading algorithms chosen by the trader is measured in r

The indicator plots a trend line and determines the levels for opening trades, in case the price goes "too far" away from the trend level. More detailed information is available in the screenshots. Settings Away from the trend line - distance from the trend line to the trades level; Arrow Signal for deals - enable displaying an arrow when the price reaches the trades level; Size of Arrow - size of the arrow; Alert Signal for deals - enable generating alerts when the price reaches the trades le

Three moving averages with three timeframes and High/Low levels on one chart, individual period parameter for each of them. The indicator helps to determine the values of moving averages on the current, the next smaller and the next higher timeframes. The filtered vales are displayed in the top right corner of the chart according to the logic of traffic lights. If a buy or sell sign is green, then a long or short position can be opened in the specified timeframe. If the sign is red, it is time t

This indicator compares the pips of the current day with the average of pips made in the previous three days. The "Percentage today range" is red if today's figure is less than the range of the previous three days, but turns green when the percentage exceeds 100%. When the range exceeds 100% there are good trading opportunities because we are in the presence of increased volatility of the past three days. Best use with Banks Day Levels indicator. Parameters settings corner (indicator display p

The triple top and bottom pattern is a type of chart pattern used in to predict the reversal of trend. The pattern occurs when the price creates three peaks at nearly the same price level. The bounce off the resistance near the third peak is a clear indication that buying interest is becoming exhausted, which indicates that a reversal is about to occur.   [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Clear trading signals Customizable colors and sizes Implements p

The indicator displays Renko bars, uses their data to calculate and display the Bollinger Bands, MACD indicators and provides buy/sell signals based on divergence/convergence of the price action and oscillator. Renko is a non-trivial price display method. Instead of displaying each bar within a time interval, only the bars where the price moved a certain number of points are shown. Renko bars do not depend on a time interval, therefore the indicator works on any timeframe without losing its effi

Divergence Convergence MACD is based on the classical divergence and convergence methods of charting. Divergence is when we get higher highs and lower lows on our uptrend but which are not supported by our indicator which makes lower highs and therefore signals the underlying momentum is failing and so a reversal might occur. Vice versa for downtrend. Convergence is when the higher highs and higher lows of an uptrend are also confirmed by our indicator making lower lows which helps us confirm th

Nowadays a lot of traders need to open more positions for the same pair, because one position is not usually the best possible position, thus a lot of trades are accumulated, sometimes with different lot sizes, and not easy to calculate the breakeven price of all opened positions, for solving this issue the Breakeven Price indicator was created. Breakeven Price is an MT4 indicator which calculates real time the breakeven price of all Buy & Sell positions opened by trader or EAs. It shows real ti

The indicator displays Gann lines for one day. It works only on the timeframes smaller than daily. Description of the indicator settings: Count_Bars - the number of daily bars to display the Gann lines. If set to 0, they are displayed for all the available history bars. scaleGann1 - scale for line #1 (number of points per bar) clrGann1 - color of line #1 styleGann1 - style of line #1 widthGann1 - width of line #1 scaleGann2 - scale for line #2 clrGann1 - color of line #2 styleGann2 - style of li

Candlestick Patterns MT4 is a simple and convenient indicator able to define 29 candle patterns. Advantages Defines and highlights 29 candle patterns; Estimated trading direction is shown as an arrow; Each candlestick pattern can be disabled in the settings; The indicator can be used as an arrow indicator in EAs. Parameters TextSize - chart text size; TextColor - chart text color; Alert - enable/disable alerts; ---------- Candlestick Patterns ------------- - settings separator; AdvanceBlock

The oscillator shows trend direction using its own algorithm, which is based on calculating price values ​​by analyzing prices of separate currencies (original valuation of currencies). The histogram shows the average value of physical price change over the selected period. When the histogram has a positive value, the trend is rising, if negative - the trend id falling. The indicator uses standard RSI to determine the current market direction on a selected period as follows: the default value of

The Extreme point indicator helps in determining the probable price reversal points on the chart. The indicator facilitates the search for points to enter the market with greater accuracy. The indicator displays certain impulses, after which there is a high probability of the price continuing its movement in the same direction. The indicator can be used in conjunction with other indicators for a more accurate detection of the position entry points. The indicator can also be used independently. F

It would be good to always be aware of the "struggle" between buyers and sellers. Then it would be much easier to determine the best direction to go in order not to lose out. This indicator offers an original solution to this problem: the supply and demand values are compared with the High and Low prices for the selected period, thus trying to determine the market movement towards the stronger side without ignoring the strength of the opposite side. All this is displayed in a separate window usi