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New Technical Indicators for MetaTrader 4 - 111

icon Signals from technical indicators listed below play a crucial role in opening and closing deals in MetaTrader 4 platform. The essence of indicators is a mathematical transformation of a financial symbol price aimed at forecasting price changes.
TraderHelp
Pavel Krysanov
5 (3)
The main goal of the indicator is to determine the most optimal points of entry and exit from a trade. The indicator consists of three parts. The first one is arrows displaying the most efficient market entry/exit points. The up arrow is a buy signal, the down arrow is a sell one. The indicator contains an analytical analysis algorithm that includes a set of standard indicator readings, as well as a custom algorithm. The second part is data in the upper right corner (works on М1-D1 timeframes) o
GTAS Bsi
Riviera Systems
5 (4)
The GTAS BSI is an indicator designed to provide the trend direction and buy/sell signals, using combination of momentum indicators. This indicator was created by Bernard Prats Desclaux, proprietary trader and ex-hedge fund manager, founder of E-Winvest. Description The BSI indicator is represented as a histogram under the price chart. +100 (green) value indicates a bullish trend. -100 (red) value indicates a bearish trend. When the BSI turns to +100 (green), it gives a potential buy signal. W
FREE
Middle Volume
Stefan Stoyanov
3.5 (2)
The indicator measures volumes on different charts and instruments. Its main advantage is the ability to compare separate brokers. The less Middle Volume and Tick / Second , the more reliable is the broker. There is a comment in the upper left corner Comment data: Tick/Second — number of ticks per second for a selected instrument Middle Volume — average volumes in the penultimate bar This indicator allows tracking a relative market activity for different timeframes. If the volumes are lower than
FREE
BinaryFiesta
Andrey Spiridonov
The BinaryFiesta indicator has been developed and adapted specifically for trading short-term binary options. The algorithm of the indicator analyzes numerous factors before generating a signal. The indicator is installed in the conventional way. The indicator consists of an information window, which displays the name of the trading instrument, support and resistance levels, and the signal itself ( BUY , SELL or WAIT ). A signal is accompanied by a sound and a pop-up Alert. Advantages of the i
This is a simple indicator to show if global and local trend directions are the same. It uses two timeframes, a "local" timeframe and a higher order "global" timeframe. The indicator shows price action only and has no lag. It generates a square wave (green line), the output signal is above zero if the price tendency is bullish upward, and below zero for bearish downward tendency. The red line shows the tendency of a higher order timeframe (the global tendency). The idea is to trade long when pri
PipFinite Reversal PRO
Karlo Wilson Vendiola
4.83 (233)
The Controversial 5-Step System That Professional Traders Use To Unlock Trading Success! Reversal Pro effectively combines price action, ideal location and reliable statistics in one smart algorithm. Understanding the market in this unique perspective allows you to recognize reversals professionally. Discover The Secret Of Professional Traders Get instant access www.mql5.com/en/blogs/post/716077 Copy & Paste what professional traders are doing right now! How To Trade Step 1: Trade Setu
The indicator marks the volatile areas of price movement on the chart according to the specified settings. Settings TrendPips - filter value in points TrendBars - filter value in the amount of bars signal_shift - shift relative to the current bar by the specified number of periods back, for signals CountBars - the number of bars to display the indicator Color_1 - one of the rectangle alternation colors Color_2 - the second color of the rectangles Alerts - show a dialog box containing custom da
FREE
This indicator is designed to detect high probability reversal patterns: Double Tops/Bottoms with fake breakouts . This is the FREE version of the indicator: https://www.mql5.com/en/market/product/26371 The free version works only on EURUSD and GBPUSD! Please read also the blog post " Professional Trading With Double Tops/Bottoms And Divergences! " which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a professional top-down approach. The provided video
FREE
XCalper Triad MT4
Aecio de Feo Flora Neto
xCalper Triad works as a Target scanner tool. Its algorithm calculates price level areas with high precision and instantly. By default, they are automatically identified and the trader normally sets visual parameters only. Explore a new perspective in price action analysis by adding Triad to your setup and surprise yourself. Main Features Automatic & exclusive Target levels Daily candle representation in all intraday timeframes. Side panel information essential to all traders: Remaining time t
Victory Start Signals
Viktoriia Samoilenko
This indicator is designed for trading pending stop orders at the calculated levels. These levels are marked with the names “BUY STOP” and “SELL STOP”, and corresponding price labels. In addition, the indicator informs the user about the preferred trade direction using arrow, as well as other available means of notification, which can be customized. Parameters Type of Calculation - type of calculations: Price Close – based on Close prices. Price High Low – based on High and Low prices; Design
If you are using volume spread analysis, whether your are a beginner or an expert, this system will give you a lot of features and help in your analysis. Please watch the video to see all the features. Features With one click you will find all the VSA patterns on your chart . Bars without opening price. Easy to read volume indicator. Bar reader (Bar type - Close type - Volume type - Spread type). Daily and weekly levels (Pivot - Camarilla - Fibo). Very light on the trading platform and moving
Free version. Only works on EURUSD. Do you want to always know in a quick glance where price is going? Are you tired of looking back and forth between different timeframes to understand that? This indicator might just be what you were looking for. Trend Signal Multitimeframe shows you if the current price is higher or lower than N. candles ago, on the various timeframes. It also displays how many pips higher or lower current price is compared to N. candles ago. Number N. is customizable The dat
FREE
This indicator displays the short-term trend direction and flat areas in the same way as the classic Heiken Ashi indicator, but it is not plotted using candles or a moving average, but rather the Skynet Moving Average indicator. Advantages no delay, or a slight delay when using the 'smooth' parameter. customizable parameters for any price data and timeframes. visualization of the flat and the short-term trend. unlike the classic Heiken Ashi indicator, the frequency of candles changing from bul
Simple Order Blocks
Richard Waweru
1.8 (5)
An order block also known as a block of order is a significant order placed for sale or purchase of a large number of securities. They are often used by institutional traders, and is a different way of looking at support and resistance. These levels are temporally used, before new levels and areas of interest are created. The simple order block indicator attempts to find the order blocks, which are more often than not optimal trade entries. The primary strategy when using the indicator when maki
RP Trinity
Raffaele Paglietti
The indicator displays potential entry points on a trend, displaying buy level, sell level and golden point which will determine where to get out of the trade or trail your stops. If an entry is detected, the indicator shows and Arrow, either pointing down for Short and up for Long positions. When the golden point is passed during a trade, it will start drawing potential points for trailing, is then up to you how to manage your trade. This indicator has been built for best results on H1 Time fra
Reversal Alert Pro
Thushara Dissanayake
2.5 (2)
The Reversal Alert Pro indicator is a powerful tool designed to automatically detect reversal areas in the market. It offers convenient notifications sent directly to your mobile device and displays pop-up alerts with sound. By incorporating this indicator into your trading strategy, you can effectively filter trade positions. Furthermore, the indicator provides the option to utilize CCI, RSI, and Stochastic indicators to further refine the generated signals, enhancing its versatility and applic
The support and resistance levels are among the main components of the entire technical analysis. They are used both by professional traders and by beginners. Prices usually move within the price channels. The upper boundary of such a channel is called resistance, and the lower one is support. This indicator plots fractal support and resistance lines at the highest and lowest local price values (fractals). Distinctive features Does not redraw. Clear and understandable signals. It is possible t
FREE
Scanner Trend Indy
Suriya Thammalungka
A trend indicator based on the Ichimoku Kinko Hyo and Candlestick. The Scanner Trend Indy is an improved variant of the Ichimoku Kinko Hyo and Candlestick, which shows the moment of trend following quite accurately. It is often used as a signal filter. Combination of two indicators makes a better use of these advantages: Ichimoku Kinko Hyo identifies the trend, while Candlestick determines the short-term movements and signals in the trend direction. Messages/sounds (notifications and sound set
Fibo Reversals is an indicator which has carefully been put together to attempt to indicate a time period in which an ongoing trend is most probably exhausted and a new trend (actually a reversal trend) inadvertently begins. At this, it should be okay for the manual trader to be on the look out for good trading opportunities. Input Settings Father Fibo  – This Input Determines The Highest Price For The Chosen Input Period. Son Fibo  - This Input Determines The Lowest Price For The Chosen Input
Exclusive Channel on Zig Zag is a channel indicator for the MetaTrader 4 terminal. This indicator plots a channel based on the peaks of the standard ZigZag indicator. If you trade using the ZigZag indicator or channels, then Exclusive Channel on Zig Zag will suit you perfectly. Advantages of Exclusive Channel on Zig Zag The indicator is perfect for scalping and intraday trading. Suitable for beginners and experienced traders. Works on any financial instruments and markets. Works on all timefra
ReversalPatterns
Thushara Dissanayake
This technical indicator automatically identifies and analyzes price action using a variety of Reversal Candlestick Patterns on the chart. It conveniently draws arrow signs along with the corresponding pattern names, making it easy to spot the latest reversal candlestick patterns. With this indicator, you can quickly identify and compare chart analysis with previously identified candle patterns. The indicator includes a range of implemented candlestick patterns, both simple and complex, such as
This indicator scans for you up to 30 trading instruments and up to 8 timeframes for occurrences of the high probability reversal patterns: Double Tops/Bottoms with fake breakouts . Please read also the blog post " Professional Trading With Double Tops/Bottoms And Divergences! " which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a professional top-down approach. You can get alerts via MetaTrader 4, email and push notifications at the moment when a sig
HMA Trend Professional MT4
Pavel Zamoshnikov
4.63 (8)
Improved version of the free HMA Trend indicator (for MetaTrader 4) with statistical analysis. HMA Trend is a trend indicator based on the Hull Moving Average (HMA) with two periods. HMA with a slow period identifies the trend, while HMA with a fast period determines the short-term movements and signals in the trend direction. The main differences from the free version: Ability to predict the probability of a trend reversal using analysis of history data. Plotting statistical charts for analyz
This indicator is using the Central Limit Theorem in combination with historical volatility and Fibonacci ratios in order to create unique type of chart tool called Projected Volatility Distribution. This tool allows you to perform highly accurate intraday technical analysis where in a split second you can detect overbought and oversold conditions as well as strong trends. In addition you have at your disposal multi-functional panel which shows signals in real time and gives you the ability to o
This indicator displays the trend direction, the averaged price value and flat areas. It is used to determine the averaged price value with little or no delay. During a flat, its line is often smooth, and it follows the trend during a descending or an ascending movement. The best charts for the indicator are the range\renko charts, which do not have rounded borders of price changes. Various types of moving averages and certain types of digital filters were used as a prototype. Compared to variou
A trend indicator based on the Ichimoku Kinko Hyo and MACD. The ICloud Scalper Trend Indy is an improved variant of the Ichimoku Kinko Hyo and MACD, which shows the moment of trend following quite accurately. It is often used as a signal filter. Combination of two indicators makes a better use of these advantages: Ichimoku Kinko Hyo identifies the trend, while MACD determines the short-term movements and signals in the trend direction. Messages/Sounds (Notifications and sound settings) ON/OFF
Openology
Chantal Sala
Openology is a very simple indicator that can show the historical information of the opening price levels. The histogram has in fact the task of showing the history of this value in order to study the conditions of permanence and duration of this very important market condition. The indicator, in separate window, is not intrusive and through its internal customization extremely simple in use. Very important is the possibility to enable or disable a timeframe to show the agreement of study on Ope
This indicator analyzes in parallel the moving average for multiple currencies and timeframes. It sends a notification when the trends are in alignment for all timeframes. To get better assessment of the trend strength, it shows as well a ratio between the number of pips reached from the current trend and the average of pips reached from the previous trends. Features Loads automatically historical price data from broker server; Tracks all currency pairs for all timeframes in parallel; Configur
Currency Quote
Bott Consulting Group
Real-time trend, pricing, and volume details in the corner of the current chart. This indicator displays useful trend, pricing, and volume information in the corner of the current chart. With this indicator, you get real-time market trend, pricing (Ask, Bid, spread, Open, High, Low, change from previous bar Close), and volume (current, High, average). After the indicator is executed, you will see this real-time data in the upper right-hand corner of the chart or an alert indicating that an error
AccumZone
Vasiliy Pushkaryov
The indicator finds price accumulation areas in a specified price range and time interval. By setting time to 10-18:00 and area width to 40 points, the indicator finds the area having the specified width that was most often touched by the candles in this time interval. Until 19:00, the area within the current day can move. With the first tick from 19:00, the main area is fixed and not re-painted. If Continue zone is enabled, the area having another color is set on this level after fixing the mai
Introduction to EFW Analytics EFW Analytics was designed to accomplish the statement "We trade because there are regularities in the financial market". EFW Analytics is a set of tools designed to maximize your trading performance by capturing the repeating fractal geometry, known as the fifth regularity in the financial market. The functionality of EFW Analytics consists of three parts. Firstly, Equilibrium Fractal Wave Index is an exploratory tool to support your trading logic to choose which r
DIFF 2Pairs
Sergiy Podolyak
DIFF-2Pairs   detects divergences of correlated pairs considering lots balancing  (+ built-in strategy tester ). The indicator has a system for measuring the divergence of correlated pairs by various methods to estimate the value of the differential curve: the system can measure performance. statistical analysis to determine the optimal SL and TP. exporting data to a CSV file. Currently, the indicator supports the following deviations of the correlated pairs: The standard deviation is the measur
Do you want to always know in a quick glance where price is going? Are you tired of looking back and forth between different timeframes to understand that? This indicator might just be what you were looking for. Trend Signal Multitimeframe shows you if the current price is higher or lower than N. candles ago, on the various timeframes. It also displays how many pips higher or lower current price is compared to N. candles ago. Number N. is customizable The data is shown in a window that you can m
If you are using volume spread analysis, this system will give you a lot of help and features in your analytics. Please watch the video to see all the features. Features Bars without opening price. Easy to read volume indicator. Bar reader (Bar type - Close type - Volume type - Spread type). Daily and weekly levels (Pivot - Camarilla - Fibo). And more Indicator parameters Number_Of_Bars - Choose the number of bars you want to appear on the chart Bars_WIDTH - Choose the width of Bars, 1-2-3-4
The indicator places Semaphore points on the maximum and minimum of a higher, medium and lower period. It includes A,B,C Triangles for easier spotting of reversal chart pattern which occurs very frequently and has a very high success ratio. Both Semaphore and A,B,C Triangles have Alerts and Push notifications to a mobile device when they occur on the chart. These indicators are very useful for breakout trading and spotting support/resistance levels which gives good opportunities for positions.
Power Index Fx is a new generation indicator that allows an intelligent multi Timeframe analysis. The indicator is flexible and completely customizable. Its positioning in separate window makes it unobtrusive and extremely functional. Its formula of calculation makes it a fundamental tool for identifying possible moments of continuation in favor of Trend. Power Index Fx is a professional tool able to increase your operational potential. Input Values DASHBOARD SETTINGS How many symbols to show
Masters Bars
Sergio D. Rocha
Masters Bars is an indicator that plots a line over High and Low of the last Master Bar. A Master Bar is defined as the decisive candle that exceeds the last decisive candle High-Low range. This helps traders to see if the chances for trend continuation improve or the chances for a trend reversal increase when Masters Bars range is broken. Masters Bars include an Alarm function that produces a sound, or even can send an email and/or push notification depending up what you have configured in your
FutureTrade
Andrey Spiridonov
2.33 (3)
FutureTrade is one of the few indicators that predicts the price right on the price chart. The indicator calculation algorithm is based on the fast Fourier transform. Given the oscillatory behavior of the price, the Fourier function predicts its future behavior. The indicator should be attached in the usual way to a chart with the trading instrument specified symbol and with the M15 timeframe. This timeframe is the most optimal for working with any symbols. Once started, the indicator calculates
Exchange Time
Bohdan Kasyanenko
Trading volume and volatility change for different currency pairs, depending on the movement of the clock hands. You will be able to trade more efficiently if you know which currency pairs are at the center of attention at one time or another. Timing plays a very big role when trading currencies. The indicator shows the trading sessions of the largest exchanges in the world. The operating time is displayed in the form of a countdown before the opening time and the closing time according to UTC (
Easy RSI Alerts
Luke Kendall
5 (1)
The Relative Strength Index (RSI) was developed by J. Welles Wilder and is a momentum oscillator that identifies overbought and oversold conditions. It is also a popular choice for many traders helping them find entries into the market. How it Works The simplest way to use the Relative Strength Index is to wait for an overbought or oversold condition and then enter into a trade when the RSI indicates that price is resuming in the dominant direction of the trend. Buy signals : For the first con
Stochastic Divergence
Oleksii Pidlubnyi
3 (2)
The indicator displays divergence and convergence on all instruments. It works on all timeframes. After finding divergence/convergence, the indicator draws a Buy or a Sell arrow according to the detected signal.  Settings Buy - show buy signals Sell - show sell signals Divergence - show divergence on the chart Convergence - show convergence on the chart KPeriod, DPeriod, Slowing - Stochastic settings drawPriceTrendLines - draw a line (of divergence/covergence) on a price chart drawIndicatorTre
Heiken Ashi Smoothed Strategy is a very simple but powerful system to get forex market trend direction. This indicator is actually 2 indicators in 1 pack, Heiken Ashi and Heiken Ashi Smoothed Moving Average both included. Because HA (Heiken Ashi) and HAS (Heiken Ashi Smoothed) are calculated in the same one system event with necessary buffers and loop only, so it is the FAST, OPTIMIZED and EFFICIENT HA having the combined indicator of MetaTrader 4. You can choose to display HA and HAS in the sam
Shepherd Gann Squares Free
Abdullah Alrai
4.86 (37)
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
FREE
Shepherd Gann Squares
Abdullah Alrai
4.9 (10)
Download user manual from : https://ontrd.com/our-books/ 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 W.D. 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 review And contact us to get the user manual You Can Buy Full M
Multicurrency and multi timeframe modification of the Relative Strength Index (RSI) indicator. You can specify any desired currencies and timeframes in the parameters. Also, the panel can send notifications when crossing overbought and oversold levels. By clicking on a cell with a period, this symbol and period will be opened. This is MTF Scanner. The key to hide the dashboard from the chart is "D" by default. Similar to the Currency Strength Meter, the Dashboard can automatically select pairs
Pivot Bro
Thushara Dissanayake
5 (1)
The Pivot Bro technical indicator is a powerful tool designed to identify retracement areas using Pivot, Fibonacci, ATR, and ADR levels. It goes beyond that by also recognizing price action based reversal candlestick patterns . Additionally, the Currency Meter is a valuable companion for assessing the true strength of major currencies. By analyzing 28 currency pairs and displaying their strength on the chart with color changes, it enables traders to make informed decisions on entry and exit poin
This indicator is a mathematical expression of the rate of price movement over time. Overbought and oversold market states comprise the basic concepts of the oscillator. The market is considered to be overbought when the indicator line is near its upper limit. In the oversold state, the indicator line is near the lower limit. The indicator also takes into account the crossover of lines. It notifies the user by displaying a dialog box, sending an email or push notifications to mobile terminals.
With this system you can spot high-probability trades in direction of strong trends. You can profit from stop hunt moves initiated by the smart money! Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718109 Please read also the blog about the usage of the indicator: Professional Trading With Strong Momentum. With this system you have 3 reliable edges on your side: A strong trend (=high probability of continuation) A deep pu
Multicurrency and multitimeframe modification of the Stochastic Oscillator. You can specify any desired currencies and timeframes in the parameters. The panel displays the current values and intersections of the lines — Signal and Main (stochastics crossover). Also, the indicator can send notifications when crossing overbought and oversold levels. By clicking on a cell with a period, this symbol and period will be opened. This is MTF Scanner. The key to hide the dashboard from the chart is "D"
Crypto Box
Jhonsep Lopez
The objective of the Crypto-Box Indicator is to determine the most efficient entry in trends. . It works for all purposes, standing out in the main cryptocurrencies: BitCoin, LiteCoin, Ethereum and Emercoin. And in Currencies: EURUSD, USDJPY и GBPUSD. The indicator is designed to find the best conditions for financial instruments. Detects acceleration patterns in prices in areas of supports and resistances. The development team is constantly improving the functionality of the Indicator and we th
Daily candles on the lower timeframes indicator allows the user to display the daily timeframe on the lower timeframe chart. The indicator shows the daily candles on the chart from yesterday. It does not represent the today's daily candle. You can position and color the candles with or without price labels (High/Low/Open/Close of the day) and High/Low lines. It can help to see the bigger picture if you are a day trader or scalper. Obviously the best use is on the lower than daily timeframes. The
True SnD
Indra Lukmana
5 (1)
This Supply & Demand indicator uses a unique price action detection to calculate and measures the supply & demand area. The indicator will ensure the area are fresh and have a significant low risk zone. Our Supply Demand indicator delivers functionality previously unavailable on any trading platform. Trading idea You may set pending orders along the supply & demand area. You may enter a trade directly upon price hit the specific area (after a rejection confirmed). Input parameters Signal - S
Sign of victory is a new indicator based on three digital filters. The indicator plots three histograms in a separate window, and also draws an arrow on the price chart. Each histogram is a digital filter that converts quotes and decomposes them into trends: buy or sell. The examples of market entries using this indicator are shown on the screenshots using arrows. This indicator can help traders better assess the market situation. Sign of victory features The indicator is perfect for scalping
Beta Bands
Ziheng Zhuang
This indicator shows main trend, entry zone and exit zone. This is a muti-timeframe indicator, so it is always repainting in the current period of the higher timeframe. Features Colorful Histogram: it indicates the main trend, the tomato means the market is bearish,and the sky blue means the market is bullish. Inner Blue Bands: it is entry zone for entry market, the market is relatively safe for entry. Outer Yellow Bands: it is exit zone for exit market, the market is oversold or overbought.
DYJ Sharp advanced algorithm that detects new trends and current trend continuations for use as an entry and exit strategy. The strategy display the SHARP trend demarcation area. This SHARP area has high HighLine and low LowLine. Falling of high below HighLine of SHARP and then falling of close below LowLine of SHARP can be interpreted as a signal to sell. Rising of close above HighLine of SHARP and then rising of low above LowLine of SHARP can be interpreted as a signal to buy. The signal for e
The Discrete wavelet transform indicator is an enhanced implementation of the numerical and functional analysis for MetaTrader 4, the discrete wavelet transform method (DWT). The specific feature of DWT is the way the wavelet is represented in the form of a discrete signal (sample). DWT is widely used for filtering and preliminary processing of data, for analyzing the state and making forecasts for the stock and currency markets, for recognizing patterns, processing and synthesizing various sign
The indicator shows possible reversal points. It is based on several candlestick patterns + an oscillator. The indicator is easy to use: install it and watch arrows. Sell when a red arrow appears and buy when a blue arrow appears. If you set the Alert option in the indicator parameters to True, the indicator will show an alert window with information about the currency pair, on which the signal has formed. ALERT = True/False; Attention ! It is not the Holy Grail for trading, errors may happen.
Real Waves MTF
Mikhail Reva
2 (1)
The indicator shows the real waves of four (selectable) timeframes on the current chart, displaying the wave structure of the market. The indicator is able to monitor the formation of waves in real time. It informs the trader when the wave of the current or higher timeframe is completely formed. It visualizes waves starting from the current timeframe and higher. Convenient and customizable visualization of the wave structure of the market. When using this indicator, there is no need to manually
PipFinite Trend PRO
Karlo Wilson Vendiola
4.9 (2775)
Breakthrough Solution For Trend Trading And Filtering With All Important Features Built Inside One Tool! Trend PRO's smart algorithm detects the trend, filters out market noise and gives entry signals with exit levels. The new features with enhanced rules for statistical calculation improved the overall performance of this indicator. Important Information Revealed Maximize the potential of Trend Pro, please visit www.mql5.com/en/blogs/post/713938 The Powerful Expert Advisor Version Automa
In Forex trading, the Open price of a new period is usually the same as the close price of the preceding one. If a new period opens at a price significantly different (higher or lower), this gives way to a Gap scenario. This suggests an imbalance in the price action. Price tends to move during the new period to cover the gap created. This move presents consistent buying and selling opportunities; hence potential to make profit. There are two types of Gap scenarios 'Gap Up' - Open price of the ne
PDP indicator is used for: defining price probability distributions. This allows for a detailed representation of the channel and its borders and forecast the probability of a price appearing at each segment of its fluctuations; defining the channel change moment. Operation principles and features PDP analyzes a quote history on lower timeframes and calculates a price probability distribution on higher ones. Forecast algorithms allow the indicator to calculate probability distributions and m
This multicurrency indicator is the Lite version of the Cosmic Diviner Reversal Zone Pro indicator. The indicator is based on original formulas for analyzing the volatility and price movement strength. This allows determining the overbought and oversold states of instruments with great flexibility, as well as setting custom levels for opening buy or sell orders when the overbought or oversold values of the instruments reach a user-defined percentage. A huge advantage of Reversal Zone Lite is the
This is a trend following indicator that identifies optimal entry points in the direction of a trend with an objective stop loss to manage the trade. The indicator allows you to catch trend early and ride it. The Indicator draws resistance line as it detects an Uptrend and draws support line when it detects a Downtrend on the chart. When those levels are broken, that allows you to identify the Trend Direction and Momentum in the direction of prevailing trend which offers optimal entry points in
FREE
Renko Bars 3in1
Yuriy Shatsckiy
5 (2)
The Renko_Bars_3in1 is designed for plotting 3 types of Offline Renko charts. Standard Renko Bar (the reversal bar is twice the size of the bar). Renko Range Bar (the size of all bars is the same). Renko Bars with the ability to adjust the size of the reversal bar. Attention : The demo version for review and testing can be downloaded here . Note . A chart with the M1 period is necessary to build an offline chart. When the indicator is attached to a chart, the offline chart is opened automaticall
This indicator shows the relative strength of 8 major currencies: USD, EUR, GBP, AUD, NZD, CAD, CHF and JPY. The strength value is normalized to the range 0-100: The value above 60 means strong. The value below 40 means weak. Note: This indicator does not show strength lines, it just shows the digital result on chart. Another version with strength lines: Currency Relative Strength Inputs BarsToCalculate - Number of bars to calculate strength. MaPeriodsToSmoothLines - Moving Average periods f
TBP All in One
Dmitry Fedoseev
5 (2)
All patterns from Encyclopedia of Chart Patterns by Thomas N. Bulkowski in one indicator. It draws an up or down arrow whenever a pattern is identified. Patterns are selected in the drop-down list of the Pattern variable (located at the beginning of the properties window). The indicator has numerous external parameters, some of them apply to all patterns, while others are selective. To see more information on the parameters used for the selected pattern, enable the ShowHelp variable (located at
CorrectTrend
Pavel Krysanov
This indicator is designed to help traders in determining the market entry and exit points. It is very easy to use: open s BUY deal when the up arrow appears and open s SELL deal when the down arrow appears. The indicator is based on the basic indicators (MA, MACD, RSI) as well as original algorithms. The indicator does not redraw, arrows appear when a new candle opens. Input Parameters: strength - indicator period EnableAlerts - enable/disable alerts EmailAlert - send notifications to email w
Based on Vitali Apirin's idea, here is a momentum indicator that he describes as a tool to help traders determine the direction of a trend. If the green line is over the red line, the trend is upward; if the red line is over the green one, the trend is downward. The indicator is made up of two separate calculations: the HHs or higher high stochastic, and the LLs or lower low stochastic, which together comprise the HHLLs. Vitali Apirin uses ideas he discovered while studying the stochastic oscill
DSProFx Momentum Indicator is a forex indicator that works based on market price momentum calculation which shows combination of two different timeframes. Concept DSProFx Momentum Indicator works in any timeframe with the main concept is giving momentum index to each candle or bar which is calculated from the Bar Volume , LookBack Period and Candle Direction (Bearish or Bullish). Formula Momentum Index = Sum (Bar Volume * Weight) / Total Weight. Features DSProFx Momentum Indicator is a sep
Market Trend - a comprehensive system for determining the trend direction. Analyzes the market using a formula which considers the values of multiple technical indicators and other trading strategies. IT determines not only the current trend direction, but also its movement strength. The indicator is intuitive and very easy to use. The information on the current trend direction and its movement strength are displayed on the chart. If the indicator shows "UP!" then an uptrend is currently present

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