New Technical Indicators for MetaTrader 4 - 56

The MT4 Sessions Indicator indicator highlights trading sessions directly on the chart by displaying them with colored candles. It helps traders quickly see when price action occurred during specific market sessions or times of day. It’s especially useful for traders who work with volume profile, supply & demand zones, or level-based strategies, where the timing of a move is just as important as the price level. By visually separating sessions, it becomes easier to spot patterns, compare sessi

The Binary & Forex Pips Sniper MT4 indicator is based on technical analysis of two moving average and the slope of the slow moving average. The moving average helps to level the price data over a specified period by creating a constantly updated average price. Upward momentum is confirmed with a bullish crossover "Arrow UP", which occurs when a short-term moving average crosses above a longer-term moving average. Conversely, downward momentum is confirmed with a bearish crossover "Arrow Down", w

Auto Fibonacci Retracement Indicator — Flexible and Reliable This is not just another Auto Fibonacci Retracement indicator — it’s one of the most flexible and dependable tools available . If you find it useful, please leave a review or comment to support the project. Check out my other helpful tools below: Timeframes Trend Scanner    - Scan the trend of assets in difference timeframes with multiple indicators Market Trend Scanner   - Scan the trend of multiple-assets in with multiple indicators

Symbol Syncyro Switch - is a utility that allows you to switch a trading symbol on several charts at the same time. If you use several charts of the same symbol with different timeframes for analysis and want to change the symbol of a trading instrument, then this tool is just for you! With one click on the button with the inscription of the trading symbol, you can easily change it using this utility.

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 Retraceme

It is a custom non-repaint indicator to identify trade opportunities in swing action as prices move within an upper and lower band. Inspired by the Keltner Channel, the most popular channel Indicator introduced by Chester Keltner. It is different with a Bollinger Bands. It represents volatility using the high and low prices, while Bollinger's studies rely on the standard deviation. The algorithm for this indicator is also available in the EntryMaximator EA. Including the option to use it or not.

Volatility Limit Trend Indicator (VLT), an original indicator by this developer,  is a trend indicator based on setting a fixed volatility limit as a percentage of price. Volatile price is allowed to wander between two channel lines defining the fixed volatility about a central line. The price crossing one of the channel lines defines an exceeding of the allowed volatility, and ushering in one of two situation : either a continuation or a reversal of trend. The first buffer of the indicator (not

This is the countdown of the last candle Indicator. How much time remains in the current candle of your chart CTime display exactly how many hours, minutes and seconds remain before the current candle closes, and a new one opens. This allows you to be on the ball as soon as the next candle appears It could be useful for a trader who trades with candles as the main attention Available option to change the text color to suit the chart background. This Indicator is related to the system here .

This indicator provides trading signals based on the polarity of the dynamical parameters of two digital signals. The dynamical parameters (momentum-acceleration) are derived by applying a high quality momentum oscillator, MTEMA LPD ( see Top Gun Oscillators ) to two digital signals. The MTEMA momentum oscillator is first applied to the price itself. Then, a rectification procedure is applied to the price based on the signals from the momentum oscillator yielding a rectified price signal. This s

In physics, "Jerk" is the third time-derivative of position, with acceleration being the second derivative and velocity the first derivative. In technical analysis, the first derivative of price is the price momentum, with the second derivative,acceleration, being seldom used and the third derivative virtually unknown. The magnitude frequency response of a digital differentiator is a positive-slope straight line passing through zero frequency. Therefore, every instance of a digital signal differ

The CP Currency indicator for MT4 uses multiple indicators to generate high-winning signal trades. Moving averages and momentum are two of these indicators. These indicators are utilized by the Super Arrow indicator to filter out false signals as well as generate good ones. Yes!! You don't need so many indicators to trade the major and minor pairs in the financial market. The CP Currency Indicator is a 15-minute signal indicator for all types of traders. The indicator comes with a mini indicato

If you are a market operator looking for an advanced solution to identify trends and trend reversals in financial markets, the Weiss Wave indicator could be what you need. Based on the principle of Elliott wave analysis and combining multiple indicators, the indicator provides a comprehensive view of the market in an easy and intuitive way, even for less experienced traders. With clear and easy-to-interpret buy/sell signals, the indicator provides reliable guidance for identifying trends and tre

RumahForexID Momentum Scalping Indicator   is the best momentum indicator ever created, and why is that? The indicator works on all timeframes and assets, the indicator is made after 6 years of experience in forex. You know many momentum indicators on the internet are unhelpful, and difficult to trade, but RumahForexID Momentum Scalping Indicator is different , The indicator shows wave momentum, when the market is about to trend or consolidate, all that in one simple and clear indicator! Rumah

Gold Pointer - is the good trend indicator. The indicator's unique algorithm analyzes the movement of the asset's price, taking into account the factors of technical and mathematical analysis, determines the most profitable entry points and generates a signal to open BUY or SELL order. Live Signal of manual trading >>>   [ Click Here ] The best indicator signals: For SELL = red trend line + red TF indicator + yellow signal arrow in the same direction. For BUY = blue trend line + blue TF indicat

The methodology and logic behind this Magic Brics mt4 indicator is based on the principles of trend following and price action trading. Magic Brics indicator is a type of charting technique that represents price movements using order blocks rather than time. Each order block is formed based on a specified price movement, known as the order size, and is either colored in bullish (green) or bearish (red) depending on the direction of the price movement. Please make sure to adjust algo calculation

Contact me after payment to send you the User-Manual PDF File. Triangle Pattern Sometimes the price cannot make higher highs or lower lows and it moves in a converging price range and waves are shorter than before until the movement creates a geometric shape of a symmetrical triangle, which indicates It is maybe the end of the trend. The triangle pattern is a well-known in forex and the trading plan and strategy of many traders is based on it. The Triangle Pattern Scanner Indicator It is usu

This indicator is suitable for trading on the pair  and many more. There is also an interactive panel for quickly changing settings. The indicator itself uses universal calculations of additional accuracy, but so far they are optimized for some currency pairs. Many settings can be configured on the main menu. He displays his calculations on the graph in the form of icons. There are two types of icons. In the tester, it works fine by default in the settings. You can specify a color for its icons

[ MT5 Version ]  [ Kill Zones ]  [ SMT Divergences ] How to trade using Order Blocks:  Click here User Interface Performance:  During testing in the strategy tester, the UI may experience lag. Rest assured, this issue is specific to the testing environment and does not affect the indicator's performance in live trading. Elevate your trading strategy with the  Order Blocks ICT Multi TF  indicator, a cutting-edge tool designed to enhance your trading decisions through advanced order block analys

VisualOrders and InfoAccount - an indicator for analyzing your own trading or analyzing someone else's account. Additionally, there is a possibility to quickly obtain information on the account and the terminal. Information is placed both on the chart and in the Experts tab. All displayed information is disabled in the settings, allowing the trader to leave only the necessary information.

"AV Grid" is an indicator for MetaTrader 4, which automatically displays round numbers as horizontal lines and a sensible period separation . Round prices can be used as support and resistance in trading. It is an improvement on the "Grid" setting, which also draws a grid on the chart. Improvements : - Round levels instead of arbitrary positioning of the horizontals - Structure by highlighting all x lines (main lines, 2 or 5 makes sense) - Vertical lines are each in two periods (main and i

KT Day Trading MT4 provides simplified Buy and Sell signals using a combination of some specific candlestick patterns occurring in the market exhaustion zones. These signals are designed to identify market reversals and entry/exit points. The indicator can be used to trade on any timeframe from the 1 Minute up to the Daily chart. Features Three types of entry signals according to the market structure i.e. Trend following, Range bound, and Counter trend signals. Crystal clear Entry, Stop-Loss,

Precise Cross Arrow     indicator is designed for signal trading. This indicator generates trend signals. It uses many algorithms and indicators to generate this signal. It tries to generate a signal from the points with the highest trend potential. This indicator is a complete trading product. This indicator does not need any additional indicators. The indicator certainly does not repaint. The point at which the signal is given does not change.     Features and Suggestions Time Frame: H1

Amazing Pro System   indicator is designed for signal trading. This indicator generates trend signals. It uses many algorithms and indicators to generate this signal. It tries to generate a signal from the points with the highest trend potential. This indicator is a complete trading product. This indicator does not need any additional indicators. The indicator certainly does not repaint. The point at which the signal is given does not change.     Features and Suggestions Time Frame: H1 Wor

Exponential Moving Average (EMA) is an indicator that often be used by traders. Combination of two or three EMA indicators often applied to determine trend direction. Multiple EMA combined with fractals or oscillator indicator to detect overbought/oversold and divergence point also great to do in trading system. If you like EMA indicator and want to get better indicator, highly recommended using EMA SuperTrend Strategy Indicator if you want to get better result in here: https://www.mql5.com/en

the AK CAP toolbox free to use; it includes the same indicators we use for our daily trading and we think the simpler the better. Lightweight indicator for use on all timeframes.  that includes VWAP with vwap value indicator on top right.  3 EMA: FAST, MEDIUM, SLOW the candle timer to show how much time left in a candle.  colors and positions are fully customizable.  enjoy

This creative simple indicator will provide a precise framework for market sentiment within technical analysis of different timeframes. For instance, for traders like me that uses   "Mark Fisher"   strategy regularly, this is a perfect indicator for having an insight to markets from short term to long term point of view, using Break points of candles' lows and highs and perfect to combine with   "Price Action" . For more options and modifications you can also edit the low timeframe candles withi

Simple and effective indicator based on some candle patterns recognition Arrows appear on candles when bear signal / bull signal based on candle pattern recognition -----> TWO strategies available you can enable / disable one of them Indicator can work on any chart and time frame I prefer to work on high time frames especially the Daily charts D1 and H4 Red arrows appears above candle showing a bear signal after candle completed - arrow will be blue during candle formation Green arrows appears b

Check My Products Contact me to discover all my services  I present to you one of the most sought after indicators by traders! It is one of the most useful and valuable indicators for discretionary trading. It used to be easier to access this indicator from various platforms, but growing demand makes it impossible to use it on external platforms (such as TradingView) without paying a monthly subscription. That's why I decided to use my experience in software programming to create this indica

Check My Products Contact me to discover all my services  FEEL FREE TO ADD A REVIEW TO HELP ME AND OTHER COSTUMERS This is an indicator based on the famous SuperTrend. Thanks to this mt4 software, it is now possible to have them directly on the mt4 platform, without having to pay subscriptions for external platforms. It is one of the most functional trend indicators that exists, and it really makes a difference when it comes to discretionary trading.

Check My Other Products Contact me to discover all my services  This indicator is very useful to have a better understanding of the current trend. With the integration of a trend color cloud it makes it easy to see the price trend immediately on the eye and this allows the trader to make more accurate assessments. I have been using this indicator for years and I must say that it greatly limits chart errors and trades against the trend

Индикатор показывает расстояние от ближайшего свободного High/Low  текущей (здесь и далее, текущей - в рамках расчетов индикатора) до исследуемой    (опять же - в рамках расчетов индикатора) свечи слева на графике на том же ценовом уровне.        Свободным в данном случае будет являться расстояние больше, чем одна свеча (бар) от текущей          свечи до исследуемой на том же ценовом уровне. Расстояние будет отмечаться пунктирной линией            от High/Low текущей свечи до исследуемой.  М

The London Breakout indicator is a technical analysis tool used in the forex market to help traders identify potential breakouts during the opening of the London trading session. This indicator is designed to help traders take advantage of the volatility and momentum that occurs during this time period, which can lead to significant price movements. The London Breakout indicator works by identifying the range of price movement during the Asian trading session that precedes the London open, and

CONGESTION BREAKOUT PRO This indicator scans the breakout of congestion zones . This indicator unlike any other congestion indicator you will find in the market right now,  it uses an advanced algorithm not peculiar to most traditional congestion indicators available today . The advanced algorithm used to define the congestions  is greatly responsible for the high rate real congestion zones and low rate fake congestion zones spotted by this product. UNDERSTANDING CONGESTION Congestion are ar

FTU Corvus Indicator for the mt4 platform, can be used solely for trading, best combined with other indicators    Developed with various indicators such as macd, adx to draw an arrow for a suggestion of entry or trend change This indicator is similar to FTU Idioteque - see my other indicators such as FTU Predictor Watch a short intro video on youtube: https://youtu.be/n_nBa1AFG0I Features: Sell and Buy arrows Visual and sound alert Trend continuation / Early trend change signal New features

FTU Idioteque The indicator is for MT4 platform, can be used alone but best combined with other indicators or strategies Combines various indicators such as macd, adx to draw an arrow for suggestion of entry or trend change Watch a short intro video on youtube:  https://youtu.be/lCRJ3mFNyOQ Indicator Features: Sell and Buy arrows Visual and sound alert Trend continuation / Early trend change signal New features: Limit to amount of bars in history Change distance of arrow from bar Usage : Thi

The standard Heikin Ashi candle representation has an open value that is equivalent to an Exponential Moving Average (EMA) of the Total Price , of which the alpha value of the EMA is fixed at 0.5 (equivalent to an EMA period of 3.0). In this dynamic version, the period can be changed to whatever value one wishes to use, which also allows one to approximate multi-time-frame analysis, or use the low or high value as a sort of trailing stop-loss. The crossing of the real Close price over the Heikin

This is an excellent technical indicator system, which analyzes the periodic upward or downward trading trends from small, medium and large aspects. Period1 in the parameter is a small time period, Period2 is a medium time period, and Period3 is a large time period; small_symbol is the identifier of signal No. 1, middle_symbol is the identifier of signal No. 2, and big_symbol is the identifier of signal No. 3 ;alert is the switch of the warning button, Mail is the switch of sending email, and

Ready trading strategy for scalping. When the blue line crosses the red line from the bottom up, we open a buy order. When the red line crosses the blue line from bottom to top, we open a sell order. Indicator period 14. Currency pairs: GBPUSD, EURUSD, XAUUSD, AUDUSD, USDJPY. USDCHF, USDCAD. Stoploss is set from 45 to 75 points, depending on the currency pair (you need to experiment). TakeProfit is set from 20 to 40 points, depending on the currency pair. The best time to trade is from 09:00 am

**  All Symbols  x  All Timeframes  scan just by pressing scanner button ** *** Contact me  to send you instruction and add you in "Wolfe Wave Scanner group" for sharing or seeing experiences with other users. Introduction: A Wolfe Wave is created with five-wave patterns in price. It shows supply and demand and a fight towards a balance price. T hese waves of price actions can help traders identify the boundaries of   the trend . Also  It helps forecast how the price will move in the near future

The "Strategic scalping" indicator displays possible trend reversal points on the chart. The indicator highlights two different pivot points: high points (pivot points from above) and low points (pivot points from below). Upper pivot points are indicated by down arrows and appear on the chart when the price reaches a high and starts to fall. Pivot lows are indicated by arrows pointing up and appear on the chart when the price bottoms out and starts to rise. The indicator can be useful for trade

A robot that trades on the signals of this indicator https://www.mql5.com/en/market/product/46338 This indicator is a high-frequency tool designed for technical analysis of price dynamics in the Forex market in the short-term period. The scalping approach, where this indicator is used, is aimed at quickly executing trades and achieving small profits within short timeframes. The indicator is based on price chart analysis and employs highly sensitive mathematical algorithms to determine changes i

False Breakout Detector Detect new highs and new lows in price action. When the market tries to break these highs and lows but fails, the indicator places an arrow on the chart and sends out an alert (Email, Push on platform or Movil) Simple and easy to use Does not require strange configurations Works on all assets and time frames ------------------------------------------------------

Next Trend Pro INDICATOR - the best trend indicator on the market, the indicator works on all timeframes and assets, the indicator is built on the basis of 12 years of experience in forex and many other markets. You know that many trend indicators on the internet are not perfect, late and difficult to trade with, but the Next Trend Pro indicator is different, the Next Trend Pro indicator shows a buy or sell signal, colored candles confirm the signal, and support levels and resistance levels give

"AV Trade History" is an indicator for MetaTrader 4, which similar to the MetaTrader 5 "Trade History" or "Show trade history" setting, shows the closed trades in the chart. It also shows the orders history in the strategy tester, makes it easier to see them when testing expert advisors automated trading. Improvements : - Visibility is increased by line thickness and free choice of color. - Additional information about the trade is visible when hovering over it, e.g. ticket, magic, comment,

'Circle Rising Point'   is an indicator based on the cycle theory. No matter whether your trading cycle is short or long, you can use this indicator to find the rise and fall points of different cycles and different bands. Therefore, the signals displayed to you on charts of different cycles are different, and applicable to left side transactions. This indicator is recommended to be used together with the multi cycle window for analysis. Indicator   introduction Applicable products This indicato

Engulfing candlestick patterns are   comprised of two bars on a price chart. They are used to indicate a market reversal. The second candlestick will be much larger than the first, so that it completely covers or 'engulfs' the length of the previous bar. By combining this with the ability to look at trend direction this indicator eliminates a lot of false signals that are normally generated if no overall trend is taken into consideration

Unlike many other indicators including the moving average indicator, Pivot Point can be a leading indicator. In these systems, the price levels of the previous period are used to determine the critical points instead of relying on the current price performance. Such an approach provides a clear framework for traders to plan their trades in the best possible way. You can use this method and its combination with the methods you want to build and use a powerful trading setup. MT5 version Let us kno

LT Automated Support Resistance Screener is a level indicator or a support resistance indicator that can be used to determine the level of support and resistance values. This indicator is free and easy to used in the Metatrader 4 platform which is built using the MQL4 programming language. Support resistance indicator is an important indicator that is often to used, but it is not available on the MT4 platform. This indicator can be used for all markets like forex, indices, gold etc and all time

Spirit mt4 is an indicator that works without flashing, the signals are triggered after the arrow at the beginning of the next candle Includes several indicators for overbought and oversold levels. Works with any currency pair: EUR/USD, AUD/USD and others. After the purchase, send me a private message and I will send you the settings that I use for this indicator. Suitable for trading cryptocurrencies. I like to trade cryptocurrency more, so I use it more there. It can also be used for bi

Простой, но полезный индикатор для контроля волатильности при внутридневной торговле. Индикатор наносит на текущий график уровни средней волатильности (ATR) за указанное количество дней. На текущем торговом дне уровни динамические и перемещаются в зависимости от минимума и максимума цены текущего дня в режиме "реального времени". Во входных параметрах мы задаем: - количество дней для расчета и отрисовки уровней среднего АТР - цвет линий уровней среднего АТР - толщину линий уровней среднего АТР

A   cycle   is a recognizable price pattern or movement that occurs with some degree of regularity in a specific time period. The analysis of cycles shows us   support and resistance   that represent smart places to anticipate a reaction in the price of an asset, and therefore represent a basic tool in technical analysis. Cycle lengths are measured from trough to trough, the most stable portion of a cycle. The information you find on this page is useful to combine with   Elliott wave analysis .

Pivots Points are price levels chartists can use to determine intraday support and resistance levels. Pivot Points use the previous days Open, High, and Low to calculate a Pivot Point for the current day. Using this Pivot Point as the base, three resistance and support levels are calculated and displayed above and below the Pivot Point.     and below the Pivot Point.

A   Market Profile   is an intra-day charting technique (price vertical, time/activity horizontal) devised by J. Peter Steidlmayer, a trader at the   Chicago Board of Trade   (CBOT), ca 1959-1985. Steidlmayer was seeking a way to determine and to evaluate   market value   as it developed in the day time frame. The concept was to display price on a vertical axis against time on the horizontal, and the ensuing graphic generally is a bell shape--fatter at the middle prices, with activity trailing o

The best way to identify the target price is to identify the support and resistance points. The support and resistance (S&R) are specific price points on a chart expected to attract the maximum amount of either buying or selling. The support price is a price at which one can expect more buyers than sellers. Likewise, the resistance price is a price at which one can expect more sellers than buyers.

This is first public release of detector code entitled "Enhanced Instantaneous Cycle Period" for PSv4.0 I built many months ago. Be forewarned, this is not an indicator, this is a detector to be used by ADVANCED developers to build futuristic indicators in Pine. The origins of this script come from a document by   Dr   . John   Ehlers   entitled "SIGNAL ANALYSIS CONCEPTS". You may find this using the NSA's reverse search engine "goggles", as I call it. John Ehlers' MESA used this measurement to

green up = buy red down = sell with alerts! that's how easy it is. --this indicator follows trend --based on moving averages and rsi and macd and pivot points --good for scalping and intraday trading and daytrading --works for swing --recommended time frame is 15m or 5m  contact me after purchase to receive a trading strategy with the indicator with another bonus indicator!

A percent graphic is a type of graph or chart used to represent data as a percentage of a whole. Percent graphics are often used to illustrate how a given set of data is distributed between different categories or how certain trends have changed over time. Percent graphics can be used to show the composition of a dow jones , or the performance of a company over a given period of time   d1 percet  w1 perncet  m1 percent  y1 percenty

The Daily Range and ADR Reversal Indicator shows you where price is currently trading in relation to its normal average daily range. You will received alerts via pop-ups when price exceeds its average daily range. This alert is a signal for a potential pullback or reversal. This gives you an edge on identifying and trading pullbacks and reversals quickly. The Indicator also shows you the Daily Range of Price for the current market session as well as previous market sessions. It shows you the AT

This dynamic indicator will draw the Key Swing High and Low Levels for any symbol on any timeframe! User may Hide or Show any Level or Label and also   Receive Alerts   when price returns to that key level via Pop-Up, Push, Email or Sound. Levels include Current Day High/Low, Previous Day High/Low, Current Week High/Low, Previous Week High/Low and Monthly High/Low. The Key Levels are labeled with the Price Point Data Listed next to it for quick easy reference.  You can change the Style, Siz

This dynamic indicator allows you to measure retracements of price between any two points in either direction. It displays the price points, percentages and also displays the extension levels. User may Modify and Add addition levels and extensions." User may also Add multiple Fibonacci indicators on the chart and change their colors,   style and sizes. Can be used on any timeframe. This is the only Fibonacci Tool you'll need to measure and trade on Structure. MT5 Version Available as well (

This dynamic indicator will identify when Fast Moving Averages (EMA, SMA, or LW) cross Slow Moving Average lines on any timeframe and with any symbol. When the moving averages cross and price close above or below the crossing, the User will receive an alert via pop-up, push, or email. Choose any two Moving Averages to cross to receive an alert and the Indicator will also paint the Moving Average Lines and Arrows. You can choose Exponential Moving Averages (EMA). Simple Moving Averages (SMA) o

Looking to take your forex trading to the next level? Look no further than my revolutionary forex indicator. Here are j many reasons why you should start using my indicator today: Easy to Use: With an intuitive interface and simple setup process, my forex indicator is easy for traders of all levels to use. Comprehensive Data Analysis: My forex indicator is backed by rigorous data analysis and machine learning algorithms, giving you a comprehensive view of the market. Real-Time Updates: Stay up-t

Supp & Resist Every Trader Need that an Indicator will show you zones for weak, Untested, Verified, Proven and Reversal Support and Resistance with smart calculation. take a look for the Screenshots there some explanations. i don't want to talk a lot :) try it by yourself for FREE because everything is clear in the inputs parameters. If you have any question feel free to ask me.

The TrendChangeZone indicator displays global and local price highs and lows on the chart. The indicator also shows the global trend on the chart and corrective waves. This indicator is designed to determine the direction and change the trend. Most importantly, the indicator shows trend continuation or reversal zones. An indispensable assistant in trading. The indicator does not redraw. The indicator can work on all trading instruments. Important !!! Top trend if 2 (two) or more blue segments

Templates in comments.  Some volume indicators will be different due to different calculations/brokers etc. Some templates are for further study and aesthetics. I have added a highly demanded request for a footprint chart.  This is the closest you can get in mql4 without futures data or outside data, which would require subscriptions.   The indicator is very basic and shows bid volumes and ask volumes.  It is not a signal indicator, it will just show volumes in the candles and displays past valu

Streamline your trading analysis with the Day and Week Separator MT4, an intuitive tool designed to plot customizable daily and weekly separator lines, perfect for traders navigating broker time zone differences. Widely appreciated in trading communities like Forex Factory and Reddit’s r/Forex for its simplicity and effectiveness, this indicator addresses the common challenge of aligning chart timeframes with local or market-specific times, as highlighted in discussions on platforms like Invest

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 correl

This indicator was inspired by John Welles Wilder's average true range (ATR) , but with some extra information. Similarly, it calculates the exponential moving average of the true range, but using the standard alpha weight instead of Wilder's . It also calculates the average deviation of the range average, and displays it as an offset. This helps not only identify a change more quickly, but also its impact.

This indicator is based on the original “ Time Segmented Volume (TSV) ” developed by Worden Brothers, Inc . However, I added an extra few features to this one. One can choose the price to be applied, instead of only having the default close price used by the original. One can also choose which volume weighting to use, including a pseudo-volume based on true range, or no volume weighting at all.

This indicator is based on the original ZigZag provided as a source code example with MetaTrader installations. I rewrote it with some extra features for displaying the “depth” channel and the respective break-outs. It also allows one to observe prior zig-zag points. Optionally, it can alert the user when break-outs occur. The alerts can be simply on the terminal or also via push notifications on a mobile device, with your own custom text.