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Top indicators for MetaTrader 4 based on user ratings - 55
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The indicator shows the trend on a daily chart(2) using indicator ZIGZAG-FRACTALS. It also shows the enter price for HIGH/LOW of the preceding bar on the current timeframe.
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.
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).
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.
NineTFMovement indicator gives an overview of the price movement on 9 timeframes (M1 to Monthly).
PairsIndex indicator shows the price index of 7 currencies dealing with 7 currency pairs.
The SeNSetiVe indicator. The indicator displayed the market movement direction when the zero line is crossed.
An indicator that colors the bars of the bullish trend with the blue color and the bars of the bearish trend with the red color.
This is an indicator that uses horizontal lines for calculate lot size for next order. You can drag them up and down until you will get right numbers for your risk and money management that is based on your strategy scenarios.