Free Technical Indicators for MetaTrader 4 - 6

WHAT IS NEXT MOVE? SIMPLE ANSWER IS, THIS PROGRAM IS BASED ON PRICE ACTION THEREFORE FINDING NEXT MOVE IS EASY TO IDENTIFY THIS PROGRAM IS USING STANDARD CALCULATIONS FOR SUPPORT RESISTANCE   IN SHAPE OF 2 WAYS TREND LINES SELECT  HORIZONTAL LINES TREND LINES WILL GUIDE TRADERS TO TRADE IN RANGE WITH PIVOT LEVEL ALSO HORIZONTAL LINES GUIDE YOU ABOUT SUPPORT RESISTANCE OF DIFFERENT TIMEFRAMES FOR EXAMPLE: IF TRADER INTERESTED TO TRADE IN 15 MINUTES TIME FRAME, THEN HE CAN SELECT 15 MINUTES IN PR

The Candle Countdown Timer for MetaTrader 4 (also available for MT5) is a vital indicator designed to help you manage your trading time effectively. It keeps you updated about market open and close times by displaying the remaining time before the current candle closes and a new one forms. This powerful tool enables you to make well-informed trading decisions. Key Features: Asia Range: Comes with an option to extend the range. Broker Time, New York, London Time: Displays the current broker time

The indicator draws the time scale on the chart. You can specify the time offset, adjust the size and font to display on the chart (it is displaying your local time on your chart instead of MT time). You can also select the desired format for displaying the date and time. While holding down the middle mouse button, and moving the cursor, a slider will appear on the scale. You may be interested in my other product , which contains a more advanced version of the Time Scale. Parameters Hours (tim

Speed resistance lines are a powerful tool for determining trend and resistance lines. The indicator builds lines using chart extremes and special mathematical formulas. The indicator can be used to determine the trend direction and pivot points. <----------------------------> Indicator Parameters: "Depth of search" - depth (in bars) of the search for chart extremes "Back step of search" - minimum distance (in bars) between extremes "Deviation of price" - permissible price difference betw

The most Flexible & Reliable   Trend-Based Fibonacci indicator by Safe Trading. This indicator helps you calculate Trend-Based Fibonacci levels base on the main and retracement trends to predict future price . If you just looking for a simple Fibonacci Retracement indicator, please use  this Free indicator . ### FEATURES ### Auto-calculate up to 7 Trend-Based Fibonacci levels on adjustable frame. Adjust Fibonacci levels as your need. Adjust the start and the end of calculated frame in indicato

The indicator shows/alerts divergences of RSI indicator.  note: You can check the free EA here that utilizes this indicator. repaint and lag issue Divergence indicators are usually repaint and lagging in their nature. You may have experienced in trading when you see a divergence on chart but the divergence continues further or just disappear. pivots_period input The smaller this value is the more and faster signals are generated. The greater this value you will have less and late signals. displa

Introduction to Fractal Moving Average Fractal Moving Average indicator was designed as part of Fractal Pattern Scanner. Inside Fractal Pattern Scanner, Fractal Moving Average Indicator was implemented as multiple of chart objects. With over thousands of chart object, we find that it was not the best and efficient ways to operate the indicator. It was computationally too heavy for the indicator. Hence, we decide to implement the indicator version of Fractal Moving Average indicator to benefit

SX Price Action Patterns is a comprehensive indicator which shows various price action patterns on the chart for those who are interested in price action trading. These patterns are as follows: A Pin Bar is a candlestick price bar, which has a long wick on one side and a small body. It is a powerful signal of price reversal in a currency trading strategy. An Inside Bar is characterized by a bar or candle that is entirely ‘inside’ the range of the preceding one and represents the consolidation o

We Trade Live Trend Levels  This indicator is a fantastic addition to the We Trade Live Trend Max this helps filter out noise and helps with better entries into a trade this add on is a must have and we use it all the time along side We Trade Live Trend Max this is a fantastic tool to help with entering a trade and exiting a trade,  This indicator Calculates  Volume strength  indicating levels of support and resistance for a trade, measures momentum in a market making buying or selling into the

TrendExpert Indicator Overview The TrendExpert indicator is designed to identify and visualize trend zones in financial markets. It utilizes zigzag high and low points to determine support and resistance levels, providing insights into potential market reversals and continuation patterns.  Features - Detection of support and resistance zones based on price action. - Strength categorization (Proven, Verified, Untested, Turncoat, Weak) based on historical testing. - Adjustable parameters fo

This indicator uses horizontal lines to identify support and resistance levels based on Zigzag legs and On-Balance Volume (OBV) analysis. Here is a summary of how the indicator works: Resistance and Support Lines : A horizontal line above the current price level indicates resistance. A horizontal line below the current price level indicates support. Drawing Horizontal Lines : Draw horizontal lines on every Zigzag leg within the last X legs, where X is a specified number (e.g., 10). Only the most

Introducing ICT Reaction Levels, a reliable indicator designed to plot key levels on your chart. Unlike classical support and resistance, these levels are derived from significant highs and lows observed on higher timeframes, such as the weekly and monthly periods. The indicator provides a valuable tool for traders seeking to identify critical price levels based on historical price reactions. ICT Reaction Levels analyzes price action on the specified timeframe, using special inputs to determi

Introduction RSI divergence is a main technique used to determine trend reversing when it’s time to sell or buy because prices are likely to drop or pick in the charts. The RSI Divergence indicator can help you locate the top and bottom of the market. This indicator finds Regular divergence for pullback the market and also finds hidden RSI Divergence to show continuing trend. This indicator shows divergence on the RSI that is a strong hint for an excellent entry point and finds immediately with

The indicator gives buy or sell signals based on the Parabolic SAR indicator, and it also contains strategies with Moving Average. There are alerts and alerts to the mobile terminal and to the mail. Arrows are drawn on the chart after the signal is confirmed. They don't redraw. I recommend watching my advisor -   Night Zen EA To keep up to date with my latest products and ideas, join my telegram channel and subscribe to my profile. The link in my profile contacts - My profile   The indicator i

The indicator represents the session boxes for the Asian, European and American sessions. It is possible to change the time of each session, such as color. It is also possible to disable the display of each session. You will find in input parameters variables to modify time sessions  in format hh:mm and  the color of boxes of each sessions. If you need some implementations please contact me.

The indicator, which displays two different pairs on one chart, is designed to simplify the displayed information,   Able to work with almost all instruments available in the terminal (not only currency pairs, but also metals, raw materials). Feature of using the visual correlation method for any currency pairs subsymbol. The currency pair is displayed on the screen with colored candles. This is the same correlated pair. mirroring. auxiliary currency. The indicator reflects two types of corre

The " Countdown Candle Timer " indicator is a visual tool for the MetaTrader 4 platform that displays an accurate countdown of the time remaining until the next candle on the chart. It provides real-time information about the remaining duration of the current candle, allowing traders to track time precisely and optimize their trading decision-making. The indicator can be customized in terms of color, font size, and position on the chart, providing flexibility and convenience to the user. You can

Whether trading stocks, futures, options, or FX, traders confront the single most important question: to trade trend or range? This tool helps you identify ranges to either trade within, or, wait for breakouts signaling trend onset. Free download for a limited time! We hope you enjoy, with our very best wishes during this pandemic! The issue with identifying ranges is some ranges and patterns are easy to miss, and subject to human error when calculated on the fly. The Automatic Range Identi

This is a useful tool to plan a trade risk to reward visually. The indicator is very simple to use with minimum settings.  Long or Short You can use the indicator for both long and short positions.  Lot Size Calculator You can also use this indicator as a lot size calculator. If you set the risk amount the indicator will calculate the lot size for you based on the stop loss line. You do not need to calculate the lot size manually.  Free Version Free versions works fully on EURUSD pair. For oth

This indicator is suitable for trading Forex and Binary Options, depending on its settings. The indicator is designed for trend trading. A buy signal: An up arrow appears on the chart. A sell signal: A down arrow appears on the chart. Input parameters === Setup CCI === Period CCI 1 - Period of the CCI Period CCI 2 - Period of the CCI Level BUY - Level of the CCI for buying Level SELL - Level of the CCI for selling === Setup RSI === Level SELL - Level of the RSI for selling Period SELL - Period

Update: For those who want to manually backtest this indicator, check this tool https://www.mql5.com/en/market/product/59248 The indicator will help make your calculation of stop loss easier as it will be visually aiding you in choosing where to put your stoploss level on the chart by calculating the current value of ATR indicator. For those who are unfamiliar with ATR, it is a useful indicator to calculate stoploss for trend following strategy. If volatility is high, ATR stoploss level will b

The Average True Range ( ATR ) is a measure of market volatility over a specified number of days. You should not expect a big continuation move when the price has reached the end of the range. The market is considered to have run out of fuel. If the price has not reached the edge, it still has a range. The indicator formula allows you to calculate High-Low levels both in aggregate and individually. You can also use these levels as support/resistance and target. Input parameters. Start Day -

Description:  This indicator (with its algorithm) marks relative highs and lows, which have an array of useful applications.  This indicator will never repaint.  Features:  Marks relative highs and lows  Use this to determine points of trend continuation i.e. where the trend may pull back before continuing higher or lower, past this point Or use this to determine potential points of reversal, particularly in ranging markets, or with other price action  These highs and lows can sometimes

Self customizable Currency Strength Meter with High Quality Trade Suggestions  The Strength Indicator is a user-customizable tool designed to enhance your trading strategy by offering a comprehensive matrix of up to 20 symbols. With this indicator, you can precisely define a basket of currencies or assets to develop a strategy that suits your trading style. It delivers accurate trend confirmation signals, ensuring you get the best trade opportunities with a higher degree of confidence. Key Feat

Asesor Experto "Sniper FX": Precisión Milimétrica para Tus Operaciones El asesor experto "Sniper FX" redefine la precisión en el trading automatizado al ofrecer un enfoque estratégico centrado en pocas, pero extraordinariamente precisas, entradas en el mercado. Inspirado por la agudeza de un francotirador, este asesor experto utiliza algoritmos avanzados para identificar oportunidades óptimas de compra y venta, maximizando el potencial de beneficios mientras minimiza la exposición al mercado.

This indicator was created based on a multi-time trend monitoring system by combining several trend signals into 1 signal in the panel. This indicator is also equipped with an alert feature. Try to master how to reveal Fibo Weasel Candle Break Reetes to make it easier to use this indicator.  for entry we only monitor the signal in the top left corner for the ongoing trend as a trading reference For the risk reward reference, we use the Fibo Weasel withdrawal reference which is in the same direct

The "Rejection Block" MetaTrader 4 Indicator is a powerful tool designed to assist traders in identifying and visualizing rejection candlestick patterns, commonly referred to as rejection blocks. These patterns play a crucial role in market analysis as they often signify potential reversals or continuations in price movements. Key Features: Rejection Block Detection: The indicator meticulously scans price data to identify instances of rejection candlestick patterns. These patterns typically feat

Fibonacci Retracement object is an object that has been provided by metatrader 4 platform. But  Fibonacci Retracement  object doesn't automated adjust the chart. You have to put and manage it manually to the chart. Because of that, this indicator was created. If you like using filbonacci retracement indicator, highly recommended to use Automated Fibonacci Retracement Indicator if you want to get better result in here: https://www.mql5.com/en/market/product/95515 LT Automated Fibonacci Retrace

First RSI level indicator analyzes and displays the level, at which the first crossing of the standard RSI maximum or minimum value took place for the subsequent definition of strong trends. The indicator allows you to track the beginning of a trend that does not follow the signals of the standard RSI trading strategy, for example, when the price rushes downwards after reaching an oversold level instead of reversing. In this case, we have to conclude that a strong trend is underway and the next

"Capture the sleeping and waking alligator." Detect trend entrance/exit conditions - this indicator can also be tuned according to your trading style. You can adjust a confidence parameter to reduce false positives (but capture less of the trend). This is based on a modification of the Alligator indicator by Bill Williams, an early pioneer of market psychology.  2 main strategies: either the " conservative"  approach to more frequently make profitable trades (at a lower profit), or the " high r

This indicator uses the Zigzag indicator to identify swing highs and swing lows in the price chart.    Once it has identified the swing highs and swing lows, it can use them to determine potential support and resistance levels. A support level is formed when the price drops and bounces back up from a swing low, indicating that there is buying pressure at that level. A resistance level is formed when the price rises and reverses downward from a swing high, suggesting selling pressure at that leve

This indicator scans multiple pairs on multiple timeframes for RSI values and draws green up arrows for RSI overbought values and red down arrows for oversold RSI values in realtime. Features •Animated rows plotting •Resizable •Repositionable •Minimisable •Multiple dashboard themes  •Multiple timeframes •You can open a pair by clicking it •Current chart pair marked by a different color •Use market watch pairs or your own list of pairs •Choose the timeframes to display

AI trend indicator is an innovative trading indicator created using advanced neural network technologies to accurately determine the direction of the trend in financial markets. This indicator provides traders with an intuitive and informative decision-making tool based on in-depth analysis of price dynamics. Main characteristics: Neural Network for Trend Forecasting: AI trend indicator uses a powerful neural network trained on a vast amount of historical data. This network is capable of id

Master Candle (MC) Indicator automatically detects "Master Candles", also known as "Mother Candles", i.e. candle that engulf several candles that follow them. See screenshots. You can choose how many candles Master Candle should engulf. By default it is set to 4. Feel free to change colour and thickness of lines as it suites you. I find this indicator to be very useful to identify congestions and breakouts, especially on 60 minutes charts. Usually if you see candle closing above or below "Mast

The indicator displays crossing zero level by Moving Average of Oscillator (OsMA) in the form of arrows. The this is a multi-timeframe indicator, and it displays signals from other timeframes. The indicator notifies about a signal by means of a pop-up Alert window, or sending notification to e-mail. Parameters Time-frame - select timeframe to show indicator signals. Fast EMA Period - fast EMA. This is an exponential moving average from a price with a short period. Slow EMA Period - slow EMA. T

The Chart High Low Indicator is an indicator for META TRADER 4, with the function of analyzing and showing the weekly MAXIMUM, weekly MINIMUM, monthly MAXIMUM and monthly MINIMUM levels. This can help a lot when creating TrendLine or even plotting your FIBONNACI line, as there is no need to access Internet sites to analyze the MAXIMUM/MINIMUM levels. In graphical analysis, it can assist in breaking HIGH/MIN levels, creating support and resistance breakOuts. There are "mark" functions on the i

Highly configurable Stochastic indicator. Features: Highly customizable alert functions (at levels, crosses, direction changes via email, push, sound, popup) Multi timeframe ability Color customization (at levels, crosses, direction changes) Linear interpolation and histogram mode options Works on strategy tester in multi timeframe mode (at weekend without ticks also) Adjustable Levels Parameters: Stochastic Timeframe:  You can set the lower/higher timeframes for Stochastic. Stochastic  Bar

Wave Entry Alerts In Gold is a custom indicator developed by Azad Gorgis for MetaTrader 4. This indicator is designed to provide alerts based on ZigZag patterns, specifically tailored for trading on the Gold (XAU/USD) symbol. Key Features: - Chart Window Indicator: The indicator is designed to be displayed on the main chart window. - Arrow Signals: The indicator generates arrow signals on the chart, indicating potential reversal points based on ZigZag patterns. - Customizable Parameters: Trad

The indicator looks for consolidation (flat) in the market at a certain time, builds a box-channel and marks levels indented from it for a breakdawn. After crossing one of the levels, the indicator marks the zone for take profit and calculates the corresponding profit or loss in the direction of this entry on the panel. Thus, the indicator, adjusting to the market, finds a flat area of the market, with the beginning of a trend movement to enter it. Version for MT5: https://www.mql5.com/en/market

Recommended on M15 and higher timeframes Sends alerts and notifications when the zone is create Sends alerts and notifications if zones are retested You will see the trading zones and identify the most profitable points to open positions. The indicator marks the supply and demand zones. With this show you will now make profitable trades that will set the trends. Shows all support and resistance zones. Can work in all time zones. No need to mess with complicated settings, all setti

Wa Candle Timer MT4 is an indicator which shows the user how much time is remaining until the next candle will form. When it remains less than 5% before the current candle will be closed, the color of the time changed. These are the settings: 1- Color of Candle Timer when it remains MORE than 5% percentage of current bar to be closed. 2- Color of Candle Timer when it remains LESS than 5% percentage of current bar to be closed. 3- Candle Timer Font Size. 4- Candle Timer font (e.g.: "Arial").

As every ZigZag Indicator this Indicator Repaints . So use this only combining with other indicators or strategy.  CyberZingFx ZigZag Arrow MT4 Indicator, is one of the best tool for traders looking to identify trend reversals in the markets. This powerful indicator uses the ZigZag method to help you identify key support and resistance levels, making it easier to spot significant changes in price and filter out short-term fluctuations. With CyberZingFx ZigZag Arrow, you can quickly and easi

How To Trade Execute your trades in 3 Easy Steps! Step 1: Trade Setup Entry Buy in Line color Blue Touch on line color Red. Entry Sell in Line color Blue Touch on line color Green. Success Rate ≥ 80% 100:20 depend your experience and fast your take. Step 2: Set Stop Loss Stop loss BUY ----> You can not put stoploss with a fixed price, your speed in determining the closing request------>Line color Blue Touch on line color Green. Stop loss SELL ----> You can not put stoploss with a fixed price, 

Draw Profit indicator can efficiently help those traders who want to see on the chart all closed positions output: profit or loss.  If set DrawProfit on your chart managed by an Expert Advisor (EA) you will see clearly it’s performance by its profits & losses. My other products:  https://www.mql5.com/en/users/hoangvudb/seller Input parameters: Show Profit Labels : show profit of orders with a label (true/false). Profit Mode : available options: Show in currency. Show in pips. Show in currency

BB & RSI Candle Color: Technical Analysis Indicator on MetaTrader 4 The "BB & RSI Candle Color" indicator is a powerful technical analysis tool designed for MetaTrader 4 traders looking for an effective visual representation of market conditions. Created by 13 Crow Trading Club, this indicator combines the popular Bollinger Bands and the Relative Strength Indicator (RSI) to provide clear and accurate visual signals. This indicator offers three key aspects: Candle Color: Normal candles are displa

Ephraim Umpan Gold Coins Magnet Indicator is an Indicator that helps traders do the decisions. With this Indicator, Every trader will now have an edge in trading and will be more profitable in their trades. Accordingly, this indicator can help increased the winning capability of every trader. Would you like to try of this indicator? Now is your chance to do so.

The indicator analyzes the price structure of fractals and identifies possible reversal points of market dynamics. Perfect when used in combination with other types of indicators. Advantages: Works on all instruments and timeseries, Doesn't redraw its results, Customizable colors of indicator elements, Works well with any trending strategy, Adjusting the strength of fractals. MT5 version -> HERE / Our news ->  HERE Strategy: AW Flexible Fractals   is an indicator that indicates signals

本指标 基于 Zigzag 基础上... 增加了: 1.增加了箭头指示,使图表更鲜明 2.增加了价格显示,使大家更清楚的看清价格. 3.增加了报警等设置,可以支持邮件发送 原指标特性: 1.基本的波段指标构型. 2.最近的2个ZIGZAG点不具有稳定性,随着行情而改变,(就是网友所说的未来函数) 3.原指标适合分析历史拐点,波段特性,对于价格波动有一定的指导性. Zigzag的使用方法一 丈量一段行情的起点和终点 （1）用ZigZag标注的折点作为起点和终点之后，行情的走势方向就被确立了（空头趋势）； （2）根据道氏理论的逻辑，行情会按照波峰浪谷的锯齿形运行，行情确立之后会走回撤行情，回撤的过程中ZigZag会再次形成折点，就是回撤点； （3）在回撤点选择机会进场，等待行情再次启动，止损可以放到回撤的高点。 一套交易系统基本的框架就建立起来了。 Zigzag的使用方法二 作为画趋势线的连接点 趋势线是很常见的技术指标，在技术分析中被广泛地使用。 但一直以来趋势线在实战中都存在一个BUG，那就是难以保证划线的一致性。 在图表上有很多的高低点，到底该连接哪一个呢？不同的书上画趋势线的方

We all know that liquidity is one of the most important aspects in forex trading. The session high/low is a key part of this. That's why I created this indicator. Why Session Range? Helps traders spot session liquidity: Session high/low is one of the liquidity pools, especially during the Asian session. Helps traders know their position within a session: This indicator helps you identify which session is currently active—whether it is the Asian, London, or New York session. Good-looking appeara

"Inside Bar PA" is a technical indicator designed to determine the inner bars on the chart. An internal bar is a bar or candle, the maximum and minimum of which are completely contained in the previous bar. This may signal a potential reversal or continuation of the trend, depending on the context. Features: Automatic detection of internal bars. Visual marking of internal bars with arrows on the chart. The ability to adjust the distance of the mark from the bar. How to use: Attach the indicat

This indicator is a simple tool to spot a possible trend. When the ribbon below the price bars, It will turn to Green color and the trend is seen to be bullish When the   ribbon above the price bars, it will turn to Red color and the trend is seen to be bearish. It can be used a either Entry Signal Exit Signal or trailing stop, so it is very versatile. By default color : Green is UP trend and Red is Down trend and this work perfect with Bar4Colors.ex4

This is a trend indicator. Timeframe: any Symbol: any Color meaning: blue: long trend, up trend red: short trend, down trend yellow: market trend is changing Feature: 1, very easy to use, obvious signal, profitable 2, suitable to work on charts of any timeframe 2, all type of alerts 3, standard data buffers, can be easily implanted into any EA program.  4, all color customizable. wish you like it :)

See RSI values turned into colored candles This indicator provides both colored candles and a colored moving average. 6 drawaing styles are provided to allow customization of the color coding. Applying coding to the chart may help in conceptualizing price trend and impulse movements defined through RSI values. Features - optional colored candles - optional colored ma - 6 draw styles; RSI slope RSI above/below overbought/oversold levels RSI above/below level 50 RSI above/below it's moving aver

The ATR Exit indicator uses the candle close + ATR value to draw trailing stop lines (orange under buys, magenta over sells) that advance with the trend until the trend changes direction. It uses a multiple of the Average True Range (ATR), subtracting it’s value from the close on buy, adding its value to the close on sell. Moreover, the trailing stop lines are generated to support the order’s trend direction (long or short):  In an upward trend, the long trailing stop line (orange line under bu

PLEASE TAKE NOTICE: This indicator is in current development. final version will be free. This is a simple indicator that uses 3 timeframes in its formula to create Possible buy and sell signals. This indicator is optimized for the M1 timeframe Only. It has 2 types of Alerts: Push Notifications Audio Alerts UPDATES: 3/19/24: Still testing the final code Troubleshooting: When loading the indicator, if you don't see the arrows on the current chart that means that MT4 has not loaded all the h

All traders should know the trend before making their decision when placing the buy or sell orders. The first step always starts with  supply and demand , rising and falling channels , trend lines, engulfing candles etc. All the above contribute to what is called “Price Action” and that is the best and most reliable way in trading and catching the trend and making profits, without stress. The  Investment Castle Trend Line Indicator  will automatically draw the trend lines on the MT4 for you. An

This indicator will detect harmonic patterns that are drawn on the chart by manual and automatic methods. You can see user manual from this link: https://www.mql5.com/en/blogs/post/719257 There is a free version (it detect only Gartley and Nenstar Patterns) to try this product. You can buy the full MT4 version from: https://www.mql5.com/en/market/product/104689 Notes When you use this indicator and change the settings, add indicators like Moving Average or Bollinger Bands, this indicator will

Download user manual from: https://ontrd.com/our-books/ Have full version from: https://www.mql5.com/en/market/product/104073 MT5 Version: https://www.mql5.com/en/market/product/30284 This indicator is a market analysis method based on the "Mathematical formula for market predictions" article written by WD Gann depending on square of 144 90 and 52 . And square of 9 With method by Dr.hamada salam about square of 9 and its relations with channel and star of that square User Manual: Add Your r

The VR Grid indicator is designed to create a graphical grid with user-defined settings. Unlike the standard grid , VR Grid is used to build circular levels . Depending on the user's choice, the step between the round levels can be arbitrary. In addition, unlike other indicators and utilities, VR Grid maintains the position of the grid even when the time period changes or the terminal is rebooted. You can find settings, set files, demo versions, instructions, problem solving, at [blog] You can

Looking for entry points along the local trend without repaint! Arrows indicate entry points. Based on classic indicators. The indicator is easy to use. Settings Наименование Описание Frequency factor Signal frequency. The less, the more often. This affects the quality. Recommendations Recommended for use on major currency pairs. Timeframe from m5, m15, m30 Subscribe to my telegram channel, where we discuss intraday trading, ideas, indicators, etc., a link in my profile contacts.

Central Pivot Range levels are formed around a central pivot point. These levels in relation to the central pivot can be used to determine numerus market behaviours and possible outcomes. The distance away from the central pivot, and the price that new levels form in relation to previous day levels , can be used to determine following days trending direction and strength. Central Pivot Ranges can act as support and resistance, offer a guide where to put a stop loss and also give signals of price

Price Channels are also known as Donchian Channels being named after Richard Donchian.  They use the highest and lowest price of a set number of periods to create an upper and lower channel or envelope around the price. The upper channel shows the high of the number of periods chosen. The lower channel shows the low of the number of periods chosen. For example, the screenshot shows the Price Channels using 320 periods. The upper channel in the screenshot shows the highest high of the previous 3

his is a custom indicator based on double-average crossing and arrow marking. Make multiple lists when blue arrows appear up. Make a blank list when the red arrow appears down. When the pink line crosses the green line upwards, the pink line is above, the green line is below, the golden fork appears, and the blue arrow appears. When the pink line crosses down through the green line, the pink line is below, the green line is above, a dead fork appears, and a red arrow appears. This is a

When prices breakout resistance levels are combined with momentum oscillator breaks out its historical resistance levels then probability emerges to record farther prices. It's strongly encouraged to confirm price breakout with oscillator breakout since they have comparable effects to price breaking support and resistance levels; surely, short trades will have the same perception. Concept is based on find swing levels which based on number of bars by each side to confirm peak or trough and in tu

Round Numbers Levels indicator for MT4 Round Numbers indicator is a simple but useful indicator to draw 00 and 50 price levels in your chart. These levels act as supports and resistances, and therefore should be taken into account when trading. These levels can be used as profit targets or entry points. Inputs of the indicator are: TGridColor00: color to be used for xx00 levels GridStyle00: line style to be used for xx00 levels GridWidth00: line width to be used for xx00 levels GridCol

Developed by Etienne Botes and Douglas Siepman, the Vortex Indicator consists of two oscillators that capture positive and negative trend movement. In creating this indicator, Botes and Seipman drew on the work of Welles Wilder and Viktor Schauberger, who is considered the father of implosion technology. Despite a rather involved formula, the indicator is quite straightforward to understand and easy to interpret. A bullish signal triggers when the positive trend indicator (VI+ green line) crosse

The Volume Percentage Line Graph is an indicator designed to provide volume data insights. It retrieves total volume information for each candle and presents it as a percentage of the overall volume. The indicator displays this data as graph lines in a separate window, allowing users to easily visualize the battle between buyers and sellers. One of the key features of this indicator is its ability to show the volume percentage as graph lines. By representing the volume distribution between selle

Trend Lines Cross  This indicator will alert you on any cross of a Trendline. You can draw up to two trend lines and form a channel, a pennant , a triangle or a simple trend and when the price crosses either trend line the indicator  will provide you with alerts that you define plus an up or down arrow when the cross happened. How to:   Draw the 1st trendline and name it tl1.  Draw the 2nd trendline and name it tl2. Select which type of alerts you would like in the indicator properties and you a

A trend indicator showing the strength of bulls and bears in a trading range. Consists of two lines: The green line is a balanced overbought/oversold condition. The red line is the direction of trading activity. Does not redraw calculations. Can be used on all Symbols/Instruments/Time Frames. Easy to use and set up. How to use the indicator and what it determines. The basic rule is to follow the direction of the red line: if it crosses the green line from the bottom up, the market i

Ephraim Umpan Indicator is a great indicator for Forex Trader who wanted to do Manual Trading. With this indicator, every trader will gain an advantage on their trading and will have great and steady results. This indicator is not only a testament of how we can learn from the Market. Moreover, this indicator is great tool. Let's utilize this tool in order to generate great income in Forex Market.