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Top indicators for MetaTrader 4 based on user ratings - 16
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Keltner Channel (MetaTrader indicator) — is a classical technical analysis indicator developed by Chester W. Keltner in 1960. The indicator is somewhat similar to the Bollinger Bands and Envelopes. It uses three plot lines: the middle line is the 10-day simple moving average applied to the typical price ((high + low + close) / 3), the upper and the lower bands are produced by adding and subtracting the moving average of the daily price range (High and Low difference) from the middle line. This way, a volatility-based channel is built. In this version of the indicator you can modify all the parameters of the MA. The indicator is available both for MT4 and MT5 versions of the platform.
Rainbow Multiple Moving Average (RMMA) MetaTrader indicator — is a very simple but visually informative indicator based on the standard moving average. It draws 66 rainbow-colored moving average lines of your preferred type and price directly in the main window of the chart. This indicator is available for both MT4 and MT5 versions of the trading platform.
Round Levels MetaTrader indicator — an MT4/MT5 indicator that can display round levels and zones near them based on your configuration. It can be useful to trade off the natural psychological support and resistance zones. It can also issue alerts when the price is in either support or resistance zone.
RSIOMA MetaTrader indicator — this indicator takes two moving averages, calculates their RSI (Relative Strength Index) and then also adds a moving average of the calculated RSI. These two lines now can accurately signal the trend changes. They are shown in the separate window where they change from 0 to 100. The auxiliary histogram is shown for a quick-glance view of the current trend. The indicator is available for both MT4 and MT5 versions of the MetaTrader platform.
Schaff Trend Cycle (MetaTrader indicator) — is a cyclical oscillator created by calculating the stochastic over stochastic over a MACD line using cycles. The result is the improved version of the oscillator that is not choppy during the trends and reacts to the changes very fast. It was developed by Doug Schaff, who assumed that the currency trends accelerate and decelerate in cycles. Its algorithm was made public in 2008. Schaff Trend Cycle tries to combine two different methods of determining the trend direction changes — MACD and smoothed stochastic oscillator. The value of the indicator fluctuates between 0 and 100. Two trigger levels are used — 25 and 75. Optional alerts are available. You can download this indicator for MT4, MT5
A simple trend indicator that clearly shows the direction of the current trend. It can be used in the breakout trading systems.
Modification of the DeMarker indicator with additional color indication based on the histogram
The indicator loads as a Menu on the menu bar. Click the Symbol Menu to open or close the symbol list. Click a selected symbol to change the chart symbol.
The presented indicator plots a fully-functional tick chart similar to the standard price charts, with the ability of the analysis using all the MetaTrader features.
Previous Candle Hi-Lo is used to check the last candle multi-timeframe position relative to the current price.
The script plots one Fibo line based on the latest ZigZag. This is a remarkable tool to get rid of unnecessary work for those who constantly place Fibo grids (the majority).
The Standard Deviation Indicator (StdDev) measures the market volatility.
The MACD is not required to be present on the chart. However, if a standard MACD is attached, the divergence lines will be drawn both on the chart and in the indicator window, and the indicator will use the MACD settings.
Linear Weighted Fractal Dimension Index (ternd vs notrend filter) plus Step EMA
Draws a fibonacci study on the visible portion of your chart, and basic downtrend and uptrend lines. Shows the basic price action geometry.
The indicator plots two Stowell patterns on the right edge of the chart: upper and lower.
Tipu Renko Live is a modified version of Renko Charts that can be plotted on a normal time frame.
Forex Indicator Price Movement Degrees with Trend Alerts. This indicator will write value degrees of the latest position of price at the current time frames according to the Daily price movement, and when position and condition of trend status was changed the indicator will give an alerts.
Indicator WaveMTF Bull and Bear System with Signal and Alert for MetaTrader 4 with options to display signal on the chart. with Signal and Alert, email alert, Push Notification and option to display trader info and signal.
Power of GBP indicator shows actual strength of currency GBP calculated of 7 pairs that contain GBP. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR GBP, GBP USD, GBP JPY, GBP AUD, GBP CAD, GBP NZD, GBP CHF.
This indicator Draw True Weekly Pivot Line and seven levels Up ( R1,R2,R3 ... ) and seven levels Down ( S1,S2,S3 ...).
The indicator is based on comparison of the current price to six simple moving averages with the periods 10, 20, 30, 40, 50 and 60. The values of the indicator are fixed: -100, -66, -33, 0, 33, 66, 100.
This Indicator Draws 7 Level Of monthly Fibo With Back Test. Its very power Levels
Moving Average of Oscillator is the difference between the oscillator and oscillator smoothing.
Percentage Price Oscillator displays more precise signals of divergences between prices and the value of the oscillator. It also emphasizes price extremums more precisely, it moves faster.