Force Index (FRC):
Force Index technical indicator was developed by Alexander Elder.
This index measures the Bulls Power at each increase, and the Bears Power at each decrease. It connects the basic elements of market information: price trend, its drops, and volumes of transactions. This index can be used as it is, but it is better to approximate it with Moving Average. Approximation using the short moving average (the author proposes to use 2 intervals) contributes to finding the best opportunity to open and close positions. If the approximations is made with long moving average (period 13), the index shows the trends and their changes.
Author: MetaQuotes Software Corp.
AIIV EURUSD - Active Index Inflection Values EURUSD
The Indicator Shows:
The intensity and the direction of the movement of USD. The intensity and the direction of the movement of EUR. The inflection value of EURUSD.This indicator allows determining a state of inflection on the market with a delay of one-two candlesticks and a 60% precision (precision depends on the chart timeframe - the higher the timeframe, the more precise is the forecast).
AIIV is a series of indicators of inflection
The indicator is based on the digital window-sinc filter with an excellent frequency division. Due to this property you can get a very smooth indicator line.
The indicator has three lines: the central line indicates the main trend direction and the "fair" price, the other two lines show the price range. When the central line is read, it is recommended to buy from the bottom line and close a position above the central line. When the line is blue, do the opposite - sell from the upper line and cl
Pivot Points MT5 is a universal color multicurrency/multisymbol indicator of the Pivot Points levels systems. You can select one of its three versions: Standard Old, Standard New and Fibo. It plots pivot levels for financial instruments in a separate window.
The system will automatically calculate the Pivot Point on the basis of market data for the previous day (PERIOD_D1) and the system of support and resistance levels, three in each.
A user can choose colors for the indicator lines.
MultiRSI indicator is a combined RSI indicator for several currencies allowing users to analyze their group movement.
Like all indicators of that kind, it helps identify the currency that is currently the most deviated from the market's general movement, as well as the most oversold or overbought currency in the cluster analyzed by RSI oscillator.
For example, the screenshots display the cluster of 7 currencies with Euro as a base one: EURUSD, EURGBP, EURCHF, EURAUD, EURCAD, EURJPY and EURNZD.
Who will be interested in this product:
those who are used to diversify the portfolio with a large number of pairs. those who work with a large number of orders those who trade news using pending orders (see the "Grid request" tab).The panel is designed to make managing a large number of orders as easy as managing one.
The currency pairs and order types for opening are formed here. The prices and stop levels are set.
User can define the price valu
Unique "scalping" trend indicator with the feature of multi-layered smoothing of the resulting lines and a wide selection of parameters. It helps determine a probable change in the trend or a correction virtually near the very beginning of the movement. The toggled intersection arrows are fixed and appear at the opening of a new bar, but, with enough experience, it is possible to look for entry opportunities as soon as the indicator lines intersect at the unfinished bar. The signal appearance li
The PZ Day Trading indicator detects reversals in a zig-zag fashion, without repainting or backpainting. Based on breakouts of variable lengths, the indicator uses only price action to pick trades and reacts to the market very fast. The positional accuracy of its signals offers huge opportunity for profits, easily up to 80% winners.
Amazingly easy to tradeChart statistics will help you to optimize your tradingIt works on every single timeframe without fine tuningThe indicator analyzes its own q
DCMV Trade Channel Oscillator
The indicator calculates the values of DCMV trade channel oscillator:
Trade channel width. The value of trade channel depends on the trend (it increases at start of the trend and has the maximum values at end of the trend). The value of trade channel decreases at flat movement. The lowest values of channel width indicates the high probability of the very strong price movement.
The +DC line shows the "bulls" power. The -DC line shows the "bears" power. Th
The indicator determines and marks the short-term lows and highs of the market on the chart according to Larry Williams` book "Long-term secrets to short-term trading".
"Any time there is a daily low with higher lows on both sides of it, that low will be a short-term low. We know this because a study of market action will show that prices descended in the low day, then failed to make a new low, and thus turned up, marking that ultimate low as a short-term point. A short-term market high is just
The indicator consists of the two parts – entry system displayed on the chart and currency power analyzer.
The analyzer can take on values from 0 to 3:
the higher the value, the stronger the currency; the smaller the value, the weaker the currency; average values of the indicator suggest that the currency is in flat.Recommendations on usage:
Buy if Trader Dream shows Buy signal and the analyzer shows the currency's strength (the value exceeds 2). Sell if Trader Dream shows Se
The most profitable trend traders are the ones who know how to recognize not only the market trend, but also the trading opportunities that arise once a trend has been established. The Pz Trend Trading indicator has been designed to profit has much as possible from trends taking place in the maket.
Established trends offer dozens of trading opportunities, but most trend trading indicators neglect them completely, and leave the trader completely uninformed about what the market is doing during a
The indicator is intended for determining the spread and swap size, the distance for setting stop orders and stop losses from the current price allowed and the risk per 1 point in the deposit currency.
The indicator informs a trader about possible additional expenses and profits connected with transferring a position to the next trade session of the financial instrument. It also informs about the spread size and the distance of pending orders, stop loss and trailing from the current price. In a
Main Pivots is an indicator which looks for pivots points on preset intervals (days, weeks, months, years, etc.). Then all extreme points are checked for splice and consistent support and resistance lines are formed. These lines are useful for detecting the best pivot points.
It finds a pair of pivot lines for each interval which correspond to Low (support line) and High (resistance line) of the price movement on the interval. Difference between these lines represemt the price movement for the
Safe Automatic is a safe MetaТrader 5 trading robot working autonomously on a VPS server. The good results are achieved on EURUSD.
The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The program also takes the news calendar into account: the robot does not enter the market in a 10-minute interval before and after a news rel
The TrendX is a technical indicator which allows to determine not only the movement direction of the market, but also to identify the flat areas.
It is based on the CCI indicator and a combination of price patterns.
The indicator works on all symbols and timeframes.
Two parameters allow to customize the indicator as needed, PERIOD is the period of CCI and T_Value is the significance of the trend.
Fast Copy MT5 allows to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
MT5 —> MT5 MT5 —> MT4 MT4 —> MT5 MT4 —> MT4
* For any interaction with the MT4, it is necessary to additionally install Fast Copy MT4
One tool for sending and receiving transactions: [master] > [slave] operation mode can be selected in
This Expert Advisor trades news on any timeframe.
The news are downloaded from the Forex Factory website. Make sure to add the URL to the terminal settings.
The EA is launched on a single chart and defines all necessary pairs for trading on its own.
The robot works with pending orders setting two Buy stop and Sell stop orders before a news release.
It determines the time zones of the calendar and terminal automatically. Make sure to add the time.is URL to the terminal settings.
The EA can b
This indicator gives full information about the market state: strength and direction of a trend, volatility and price movement channel. It has two graphical components:
Histogram: the size and the color of a bar show the strength and direction of a trend. Positive values show an ascending trend and negative values - a descending trend. Green bar is for up motion, red one - for down motion, and the yellow one means no trend. Signal line is the value of the histogram (you can enable divergence
The indicator is based on readings of two oscillators: Bulls Power and Bears Power. It clearly shows the balance of buyers and sellers power. A signal for entering a deal is crossing the zero line and/or a divergence. When the volume filter is enabled, yellow histogram bar shows low trading volume (below average for 50 previous bars).
Period - calculation period, 13 on default; CalculatedBar - number of bars for displaying a divergence, 300 on default; Filter by volume -
The Trend Strength is now available for the MetaTrader 5.
This indicator determines the strength of a short-term trend using the tick history that is stores during its operation.
The indicator is based on two principles of trend technical analysis:
The current trend is more likely to continue than change its direction. The trend will move in the same direction until it weakens.The indicator works on the M30, H1, H4 and D1 timeframes.
It is easy to work with this indicator both in manu
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
The indicator generates early signals basing on ADX reading data combined with elements of price patterns.
Works on all symbols and timeframes.
The indicator does not redraw its signals. You see the same things on history and in real time.
For better visual perception signals are displayed as arrows (in order not to overload the chart).
The indicator is a complete analogues of the Trend Monitor indicator for MetaTrader 4
The best results are obtained when the indicator works o
Trade Channel Indicator DCMV
The DCMV Indicator calculates the following Channel characteristics:
Channel Bounds (for TP and SL). It's assumed that price will never go outside the channel.Center Line of the Channel.Settlement price (with probability 90% the price will return to this line).Reference line (used for detection of trend).Upper and Lower breakborder. Used for generation of trade signals: channel breakout (trend strategies), false breakouts (flat strategies).Usage:
The indicator pro
We present you an effective software solution for arbitrage between brokers.
The Arbitrage on the market became widespread due to decentralization. There are many liquidity providers, whose quotes differ for various reasons. By tracking the dynamics of changes in the quotes of different brokers, it is possible to determine the delayed and leading brokers, thereby predicting the future prices of the delayed broker for a short time. Knowing these prices and using efficient built-in software filte
This is a classical trading strategy, which falls into the category of breakout systems. They form support and resistance levels, which temporarily limit further price movement. When the price breaks down the support level or breaks up the resistance level, there emerges a strong momentum in the breakout direction, which allows to make profit on strong price movements with moderate risk.
To create the strategy, we used historical data with the quality of history of 99.9%.
It uses filtration o
A script for opening a grid of orders
If you need to quickly open several pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop) on a certain distance from the current price, this script will do all the routine for you! Allow AutoTrading before running the script.
Run the script on a chart.
Language of messages displayed (EN, RU, DE, FR, ES) - language of the output messages (English, Russian, German, French, Spanish). Price for open - open price. If set to
The script allows users to easily close positions if their profit/loss reaches or exceeds a value specified in pips.
Please set slippage value first. Sometimes some positions do not close due to high volatility of the market. Please set larger slippage or restart the script.
The script creates account summary report in a separate window.
The report can be created for all deals and on deals for selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The script creates account summary report in a separate window.
The report can be created for all deals and for deals of the selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
Energy line is calculated similar to kinetic energy in physics: E = (mv^2)/2. Tick volumes (money stock) are used as mass, while price rate of change (ROC) is used as velocity.
Energy direction (positive or negative) is defined by ROC direction.
Chaikin Volatility (CHV) indicator is additionally used. Since the volatility starts increasing before the price actually moves, CHV notifies of the increased market activity in advance. Calculations result in the energy release, which usually occurs b
thanks for share it.
but u can add in this zerolag and smooth
The Force Index is an indicator that uses price and volume to assess
the power behind a move or identify possible turning points. Developed
by Alexander Elder, the Force Index was introduced in his classic book,
Trading for a Living. According to Elder, there are three essential
elements to a stock's price movement: direction, extent and volume. The
Force Index combines all three as an oscillator that fluctuates in
positive and negative territory as the balance of power shifts. The
Force Index can be used to reinforce the overall trend, identify
playable corrections or foreshadow reversals with divergences.
Calculation for the one period Force Index is straight forward. Simply
subtract the prior close from the current close and multiply by volume.
The Force Index for more than one day is simply an exponential moving average
of the 1-period Force Index. For example, a 13-Period Force Index is a
13-period EMA of the 1-period Force Index values for the last 13
Three factors affect Force Index values. First, the Force Index is
positive when the current close is above the prior close. The Force
Index is negative when the current close is below the prior close.
Second, the extent of the move determines the volume multiplier. Bigger
moves warrant larger multipliers that influence the Force Index
accordingly. Small moves produce small multipliers that reduce the
influence. Third, volume plays a key role. A big move on big volume
produces a high Force Index values. Small moves on low volume produce
relatively low Force Index values. The table below shows the Force Index
calculations for Pfizer (PFE). Line 27 marks the biggest move (+84
cents) and the biggest volume (162,619). This combination produces the
biggest Force Index value on the table (136,600).
The chart above shows the Force Index in action. Notice how the 1-period
Force Index fluctuates above/below the zero line and looks quite
jagged. Elder recommends smoothing the indicator with a 13-period EMA to
reduce the positive-negative crossovers. Chartists should experiment
with different smoothing periods to determine what best suits their
As noted above, there are three elements to the Force Index. First,
there is either a positive or negative price change. A positive price
change signals that buyers were stronger than sellers, while a negative
price change signals that sellers were stronger than buyers. Second,
there is the extent of the price change, which is simply the current
close less the prior close. The "extent" shows us just how far prices
moved. A big advance shows strong buying pressure, while a big decline
shows strong selling pressure. The third and final element is volume,
which, according to Elder, measures commitment. Just how committed are
the buyers and sellers? A big advance on heavy volume shows a strong
commitment from buyers. Likewise, a big decline on heavy volume shows a
strong commitment from sellers. The Force Index quantifies these three
elements into one indicator that measures buying and selling pressure.
The Force Index can be used to reinforce or determine the trend.
The trend in question, short-term, medium-term or long-term, depends on
the Force Index parameters. While the default Force Index parameter is
13, chartists can use a higher number for more smoothing or a lower
number for less smoothing. The chart below shows Home Depot with a
100-day Force Index and a 13-day Force Index. Notice how the 13-day
Force Index is more volatile and jagged. The 100-day Force Index is
smoother and crosses the zero line fewer times. In this regard, the
100-day Force Index can be used to determine the medium or long-term
trend. Notice how a resistance breakout on the price chart corresponds
to a resistance breakout on the 100-day Force Index. The 100-day Force
Index moved into positive territory and broke resistance in mid
February. The indicator remained positive during the entire uptrend and
turned negative in mid May. The early June support break on the price
chart was confirmed with a support break in the Force Index.
Bullish and bearish divergence
can alert chartists of a potential trend change. Divergences are
classic signals associate with oscillators. A bullish divergence forms
when the indicator moves higher as the security moves lower. The
indicator is not confirming weakness in price and this can foreshadow a
bullish trend reversal. A bearish divergence forms when the indicator
moves lower as the security moves higher. Even though the security is
moving higher, the indicator shows underlying weakness by moving lower.
This discrepancy can foreshadow a bearish trend reversal.
Confirmation is an important part of bullish and bearish divergences.
Even though the divergences signal something is amiss, confirmation from
the indicator or price chart is needed. A bullish divergence can be
confirmed with the Force Index moving into positive territory or a
resistance breakout on the price chart. A bearish divergence can be
confirmed with the Force Index moving into negative territory or a
support break on the price chart. Chartists can also use candlesticks,
moving average crosses, pattern breaks and other forms of technical
analysis for confirmation.
The chart above shows Best Buy (BBY) with the Force Index (39) sporting a
series of divergences. The green lines show bullish divergences, while
the red lines show bearish divergences. A bullish divergence is
confirmed when the Force Index (39) crosses into positive territory
(green dotted lines). A bearish divergence is confirmed when the Force
Index (39) crosses into negative territory (red dotted lines). Chartists
can also use trendline breaks on the price chart for confirmation.
This chart shows two versions of the Force Index. The Force Index (13)
captures short-term fluctuations and is more sensitive. The Force Index
(39) captures medium-term fluctuations and is smoother. The 39-day Force
Index produces fewer zero line crossovers and these crossovers last
longer. There is no right or wrong answer for these settings. It depends
on trading objectives, time horizon and analytical style.
The Force Index can be used in conjunction with a trend following
indicator to identify short-term corrections within that trend. A
pullback from overbought
levels represents a short-term correction within an uptrend. An
oversold bounce represents a short-term correction within a downtrend.
Yes, corrections can be up or down, it depends on the direction of the
bigger trend. Alexander Elder recommends using a 22-day EMA for trend
identification and a 2-day Force Index to identify corrections. The
trend is up when the 22-day EMA is moving higher, which means the 2-day
Force Index would be used to identify short-term pullbacks for buying.
The trend is down when the 22-day EMA is moving lower, which means the
2-day Force Index would be used to identify short-term bounces for
selling. This is an aggressive strategy best suiting for active traders.
The timeframe can be adjusted by using a longer moving average and
timeframe for the Force Index. For example, medium-term traders might
experiment with a 100-day EMA and 10-day Force Index.
There are two-schools of thought regarding the correction play. Traders
can either act as soon as the correction is evident or act when there is
evidence the correction has ended. Let's look at an example with the
22-day EMA and 2-day Force Index. Keep in mind that this is designed to
identify very short corrections within a bigger trend. The chart below
shows Texas Instruments (TXN) with the 22-day EMA turning up in mid
With the 22-day EMA rising, traders are looking for very short-term
pullbacks when the 2-day Force Index turns negative. Traders can act
when the Force Index turns negative or wait for it to move back into
positive territory. Acting when negative may improve the reward-to-risk
ratio, but the correction could extend a few more days. Waiting for the
Force Index to turn positive again shows some strength that could signal
the correction has ended. The green dotted lines show when the 2-day
Force Index turns negative.
The Force Index is uses both price and volume to measure buying and
selling pressure. The price portion covers the trend, while the volume
portion determines the intensity. At its most basic, chartists can use a
long-term Force Index to confirm the underlying trend. The bulls have
the edge when the 100-day Force Index is positive. The bears have the
edge when the 100-day Force Index is negative. Armed with this
information, traders can then look for short-term setups in harmony with
the larger trend, such as bullish setups in a larger uptrend or bearish
setups within a larger downtrend. As with all indicators, traders
should use the Force Index in conjunction with other indicators and analysis techniques.