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Top indicators for MetaTrader 4 based on user ratings - 3
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Total Power Indicator (MetaTrader indicator) — is based on the two standard indicators — Bear Power and Bull Power. The indicator calculates how many bullish and bearish bars were there during a given look-back period and then calculates the proportional index for bears, bulls, and total (calculated as the absolute difference between bulls and bears) for the current bar. This way, we get continuous lines of the relative average bear and bull power over a period, removing the main disadvantage of the original Bear/Bull Power indicators — the lack of a long-term perspective. The original MetaTrader 4 version of Total Power Indicator was created by Daniel Fernandez of Asirikuy.com in 2011. The version for MT5 is now also available.
2 Moving Averages is a custom MQL4 indicator that uses two moving averages (fast and slow) to identify potential trend changes and generate buy or sell signals based on crossover points. It enhances signal reliability by optionally integrating support and resistance levels, helping traders confirm entry and exit zones. This tool is suitable for trend-following strategies and works across multiple time frames.
You never see like this indicator before. This indicator draw Dayly RSI Level on your chart like CAMERILLA and Pivot. The levels is very powerful and very matchful. Try it quickly.
The ADXm indicator, unlike the traditional one, allows to see the positive and negative waves of the trend. The method for working with this indicator is the same as with the traditional one.
Variant of stochastic indicator, which filters false signals automatically.
Displays a Histogram of Momentum, ATR, CCI or RSI indicators relative to a specified level.
The DJ Lines belongs to the Pivot group. All similar indicators operate on the principle - «Based on the values of the previous day (days) it is possible to calculate a point, passing which would mean a change in the trend».
Power of CAD indicator shows actual strength of currency CAD calculated of 7 pairs that contain CAD. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: USD CAD, AUD CAD, CAD JPY, EUR CAD, GBP CAD, NZD CAD, CAD CHF.
MACD indicator with possibility to establish mode of moving average and applied price.
This indicator is based on the Money Management approach used by VP from nononsenseforex.com It uses ATR to calculate Stop Loss, Take Profit and Volume you should enter into a trade based on the percentage of your Equity you want to risk.
The indicator draws the channel of regression by High and Low prices.
This indicator will write value degrees of the lastest position of price at the current timeframes, and when position and condition of trend status was changed, the indicator will give an alerts.
i-Breakeven groups the open position by symbol and for the each of group shows: 1. The current equity level. 2. The estimated breakeven level.
This is the standard Heiken Ashi, but with the option to spot Dojis and color them differently.
Changing the size of the chart window is important in my EA, but it may serve as inspiration for others.
Spearman's Rank Correlation is a non-parametric method used in order to make statistical studies of relations between phenomena. In this case, the factual degree of parallelism between two numeric sequences will be detected.
The indicator Acceleration&Speed shows speed and acceleration of a price change.