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Top indicators for MetaTrader 4 based on user ratings - 20
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User may enter up to 50 symbols from their market watch in either a long or short basket for viewing. The symbols for the chart can be changed to any symbol in the display with a click on the symbol. Statistics including ATR for the chart period, points gained or lost from a weeks start and position gains or losses and lots exposure are displayed. The statistics week may be changed with simple clicks on the display, and the display may be dragged and dropped to different locations. The load on quote processing is kept low by simply posting an event that starts the processing for a display update.
Fractals indicator it is a series of at least five successive bars, with the highest HIGH in the middle, and two lower HIGHs on both sides.
This indicator shows the moving average (simple or exponential) of the Standard Deviation.
This indicator is used to show the trend of the 30 min charts. You can then apply your Long Strategy when the market is UP and Short Strategy when the market is DOWN.
On of my books says about moving average, that there is no "magic settings", this indicator tries out a lot of possible combinations between a long and a short moving average.
This indicator draws three Donchian bands: up, middle and down bands based on which you can design your scalping system.
Step Up and Down Forex Indicator draws the price direction movement with single arrow Up or Down on the trading chart.
Volume indicator as modified by RonT, but histogram bar color will be red on a down candle, green on an up candle
Trending Indicator MACD with coloured Histogram to detect trend and retracements in that trend.
The volatility indicator by Chaikin accounts for the spread changes between the maximal and minimal prices. It defines the volatility value based on the range width between the maximum and minimum.
The indicator Alternative Ichimoku was developed as an alternative to the famous indicator Ichimoku Kinko Hyo. For a more precise forecast, it is better to use on one timeframe both indicators - Ichimoku Kinko Hyo and Alternative Ichimoku.
If you like plotting channels, I recommend plotting them yourself. This is particularly true for the slope channels. However, if you use channels merely as filters or simply like to set alerts on these levels, then the indicator will be useful.
This indicator is alternative of moving averages, but with lower lag and adjustable sensitivity coefficient.
Trading strategy named Fx-chaos is the result of integration of Bill Williams' Chaos Theory, A. Elders' trading strategy (triple choice), and Ryan Jones' Fixed Ratio money management method.