Technical Indicators for MetaTrader 4 - 17

The RSI Divergence Indicator is a powerful tool designed to identify potential reversals in the market by spotting discrepancies between the Relative Strength Index (RSI) and price movement. Divergences can be a significant indication of an impending trend change, either from bullish to bearish or vice versa. This indicator is built for making the task of identifying potential trade opportunities more straightforward and efficient. Features: Automatic Detection: The indicator scans the chart

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

Currency Strength Matrix (CSM) is an indicator that will show you the current strength of the major currencies in several timeframes, allowing you to sort the currencies for strength and spot possible trading setups. This indicator is ideal for scalping and in all those events of sudden big moves. How does it work? The CSM compares the value of the current moving average with the same moving average in the previous candle for all the 28 pairs and all 9 timeframes, producing a Matrix of Strengt

The Ultimate Tool for Fine-Tuning Moving Averages This is an advanced tool designed to simplify and optimize your Moving Average set up. With MA Tuner, you can effortlessly adjust key parameters(Period, Shift, Method, & Price) through a user-friendly panel and instantly access detailed statistics on how frequently candles cross the MA line and their open and close positions relative to it. Why is it better than the standard Moving Average Indicator? While it draws the same MA line as the

The indicator has combined 5 popular strategies. Draws an arrow after confirming a signal for the selected strategy. There are signal alerts. Doesn't redraw its values. I recommend watching my advisor -   Night Zen EA 5 strategies. The main line crosses the signal line. The main line crosses the signal line in the oversold (for buy) / overbought (for sell) zones. The main line enters the oversold (for sell) / overbought (for buy) zones . The main line comes out of the oversold (for buy ) / ove

A classical MACD indicator where both the MACD line and the Signal line are displayed as lines. The difference between MACD and Signal line is displayed as a histogram. A user can change the color and thickness of histogram lines. So, histogram lines can be grouped into four different groups: positive ascending, positive descending, negative descending and negative ascending. Multi-currency Dashboard for the indicator is available  https://www.mql5.com/en/market/product/72354

Scalping indicator with alerts : EU Scalp indicator is a combination of two working sets , first one is preset to work against the direction of the price movement and the second one is working on the direction of the price movement , based on the probability of price swings or breakouts that occure at important trade levels . The default settings are optimized for the   EurUsd pair M5 Timeframe ,  more settings can be found in the "Comments" section at first comment . Lot zise recommandation is

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

THISE INDICATOR NOT WORK ON FREE DEMO. there is a protocol to work it. target finder indicator is a forecast the find probably targets.up and down. to use thise indicator, there is a protocol,i explain below. first load indicator  you will see blue and red lines. on the left side look to the higher value of line ,and draw horizantal line on top it. and on the right side see the LEVEL NUMBER. Finding UP TARGET h=put that level number  m=1 b=1 pres ok. you will see on the screen ,on top right ,r

Trigger RSI is a no repaint trend indicator. it can use all pairs and all time frames. easy for use beginner and experienced tarders. it put aqua and gold point on histograms. if aqua point on the blue histogram that is buy signal. if gold point on the red histogram that is sell signal. cnt value has been set to default 1000. you can increase it to see back signals.if there is enough bars on charts. minimum value cnt is 500.

FTU Fibonacci This indicator draws fib levels for retracement levels from price action Features: Multiple Fibo levels adjustable Change color and amount of bars from range 2 lines for 50 bars history, 2 lines for 20 bar history both showing 38 and 61 Fib levels Usage : Purpose is to study or measure price retracement Change color and amount of bars from range  Use on any timeframe,  product/pair, non repaint, fast loading

At the very least, this indicator is able to entertain you. It builds a moving line based on interpolation by a polynomial of 1-4 powers and/or a function consisting of a sum of 1-5 sine curves. Various combinations are possible, for example, a sum of three sine curves about a second order parabola. The resulting line can be extrapolated by any of the specified functions and for various distances both as a single point at each indicator step (unchangeable line), and as a specified (re-painted) f

Currency Strength Meter, gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. We calculate based the strength of currency based on the trend of 28 pairs. LIMITED TIME OFFER : TREND CSM Indicator is available for only 50 $. ( Original price 125$ ) By accessing to our MQL5 Blog,  you can find all o

Gold Level MT4 A great helper for trading Gold. Levels do not repaint and do not change their data We recommend using it with the indicator - Professional Trade Arrow Levels are built every day, so you will trade every day with the indicator. Gold Level. Price markups are shown on the chart, after reaching TP1 or SL1, close half of the position, and the rest is transferred to breakeven. Any questions? Need help?, I am always happy to help, write me in private messages or in telegram.

KT Higher High Lower Low marks the following swing points with their respective S/R levels: Higher High: The swing high made by the price that is higher than the previous high. Lower High: The swing high made by the price that is lower than the previous high. Lower Low: The swing low made by the price that is lower than the previous low.  Higher Low: The swing low made by the price that is higher than the previous low.   Features The intensity of swing high and swing low can be adjusted by cha

50% Off Today Only! Price Goes Back Up at 11 PM (EST) uGenesys Volume Indicator: Your Key to Mastering Market Volume Analysis What Traders Are Saying: "A must-have indicator...really a game-changer." – wuzzy66 "Amazing indicator...strongly recommend to beginners." – joinbehar Understanding Market Volume: Volume in the market is a critical indicator of movement and opportunity. The uGenesys Volume Indicator is specially crafted to pinpoint when the market has the most volume, allowing you to

Scalper Box MT4 Fully ready strategy for trading on all markets (Stocks, Futures, Forex and Cryptocurrencies). Indicator signals are not repaint!!! Discounted price - 50$ (2 copies only) The next price is 99$ How to trade? Wait for a signal from the indicator Scalper Box MT4 (blue arrow - buy, red arrow - sell). After the signal we immediately enter the market, SL set behind the formed box. Using trend filter indicator and template Recommended timeframe: M5 - Ideal for Sca

This is Free product you are welcome to use for your needs! Also I very appreciate your positive feedbacks! Thanks a lot! // More great Expert Advisors and Indicators are available here:  https://www.mql5.com/en/users/def1380/seller Forex Indicator Spread Display for MT4 , Trading Support . Spread Display indicator shows current spread of forex pair where it is attached. It is possible to locate Spread display value in any corner of the chart: 0 - for top-left corner, 1 - top-right, 2 - bottom-

Fibonacci SR Indicator This indicator creates support and resistance lines. This indicator is based on Fibonacci Retracement and Extension levels. It will consider many combinations of the Fibonacci levels and draw support/resistance lines based on these. This indicator uses tops and bottoms drawn by the ZigZag indicator in its calculations. The ZigZag can also be drawn on the chart, if necessary. The indicator considers many combinations of past reversal points and Fibonacci ratio levels, and

The Multi-Timeframe High Low Points (MTF High Low Points) indicator is a powerful tool for traders using MetaTrader 4 (MT4) to analyze price movements across different timeframes. This versatile indicator helps traders identify significant support and resistance levels by displaying the highest and lowest price points within a specified number of bars on multiple timeframes simultaneously. Key Features: Multi-Timeframe Analysis: MTF High Low Points allows traders to monitor high and low price le

Defining Range ( DR ) and Implied Defining Range ( IDR  ) indicator Show DR and IDR ranges on the chart for   Regular , Overnight and After Sessions for more information how DR and IDR work and the high probability  watch :  https://www.youtube.com/@themas7er or   https://twitter.com/IamMas7er Remember to set set your chart TimeZone when you attach indicator to the chart under indicator settings / inputs Volume Imbalance : https://www.mql5.com/en/market/product/91165?source=Site+Pr

Turbo Trend technical analysis indicator, which determines the direction and strength of the trend, and also signals a trend change. The indicator shows potential market reversal points. The indicator's intelligent algorithm accurately determines the trend. Uses only one parameter for settings. The indicator is built for simple and effective visual trend detection with an additional smoothing filter. The indicator does not redraw and does not lag. Take profit is 9-10 times larger than stop loss

This indicator is a simple trend line indicator. The upper trend line is the highest price of 60 past candlesticks, the highest price of 30 past candlesticks, The bottom line is the trend line that connects the lowest price of 60 past candlesticks and the lowest price of 30 past candlesticks. *The color of the trend line is white. Notes This indicator is created with the above configuration, so if the highest and lowest prices of the past 60 candlesticks and 30 candlesticks are the s

IceFX SpreadMonitor is a special spread logging indicator which displays the current, minimum/maximum and average spread values. These values are set to be visible even after a reboot. Also, SpreadMonitor could save all the desired spread values to .csv files for later analysis of the results. Indicator parameters: SpreadLowLevel - low level of spread (show value in green color) SpreadHighLevel - high level of spread (show value in red color) BGColor - background of panel SpreadNormalColor - c

In a departure from the conventional approach, traders can leverage the bearish engulfing candlestick pattern as a buy signal for short-term mean reversion trades. Here's how this alternative strategy unfolds: The bearish engulfing pattern, (typically signaling a reversal of bullish momentum) , is interpreted differently in this context. Instead of viewing it as a precursor to further downward movement, we perceive it as an indication of a potential short-term bounce or mean reversion in prices.

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 comprehensive technical indicator calculates and plots up to 3 moving averages with 3 different periods. By employing three moving averages of distinct lookback periods, the trader can confirm whether the market has indeed experienced a change in trend or whether it is merely pausing momentarily before resuming its prior state. SX Golden MA Pack  for MT5 is available   here . The shorter the moving average period, the more closely it tracks the price curve. When a security initiates an upt

Note : New in 1.6: the indicator now exports the trade signal (but not displayed). Go long with light blue. Go short with red. Exit otherwise. Signal to be imported to your EA using iCustom. This indicator provides Best of the Best linear filter momentum oscillators that I am aware of (Low Pass Differentiators, LPD's) . All of them are  recent developments by this developer, or other researchers. The oscillator line is the first buffer of the indicator, and can be called  in other indicators or

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

A Swing Failure Pattern ( SFP ) is a trade setup in which big traders hunt stop-losses above a key swing high or below a key swing low for the purpose of generating the liquidity needed to push price in the opposite direction. When price 1) pierces above a key swing high but then 2) closes back below that swing high, we have a potential bearish SFP . Bearish SFPs offer opportunities for short trades. When price 1) dumps below a key swing low but then 2) closes back above that swing low, we have

This automated DOJI BAR FINDER INDICATOR can be utilized to manage trades and identify potential areas of support and resistance for both buying and selling. It is designed to identify zones for Sell/Buy trades and can be effectively used in conjunction with other indicators, such as order block indicators, and more. Currently designed for MT4, it will later be adapted to function on MT5. We also offer the opportunity to customize the robot according to your trading strategy. https://t.me/FXTSPr

Всем привет. Предлагаю на обозрения очень достойный индикатор  входы очень четкие можно по мартину отрабатывать  30 мин до и после новостей не торгуем можно накинуть индикатор новостей больше вам не чего не надо есть сигнал стрелка за крепилась на следующую входим Экспирация любая валюта тоже любая. осцилляторы и авторский алгоритм.И еще можно через бот авто торговля на скрине.И еще друзья после приобретения или аренды пишем мне свои контакты я вам помогу все настроить что бы работало на авто то

MT4. Многофункциональный индикатор  автоматически определяет и рисует волновые каналы, а также линии поддержки и сопротивления. Показывает тренд младшего периода и границу пробоя старшего. Это не стандартный канал. Работает совершенно по новому принципу.  В алгоритм  построения канала заложен принцип закона золотого сечения. Работает на графиках любого инструмента. Для лучшего восприятия каналы окрашены в разные цвета. канал с синим фоном - основной вверх. канал с красный фоном - основной канал

The introduction of the MIDAS Trading Tools indicator represents the culmination of my trading expertise and innovative application. By incorporating new concepts and collaborating with fellow traders like Robert Young (US), we have enriched and enhanced this indicator. In the sections below, you'll find detailed descriptions of the variables comprising this indicator. MIDAS which is an acronym for Market Interpretation/Data Analysis System is the innovative work of the late technical analyst P

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

This LEGIT Indicator Can Accurately Predict the Outcome of One Bar. Imagine adding more filters to further increase your probability! Unlike other products, Binary Options PRO can analyze past signals giving you the statistical edge. How Increase Your Probability Information revealed here www.mql5.com/en/blogs/post/727038 NOTE: The selection of a Good Broker is important for the overall success in trading Binary Options. Benefits You Get Unique algorithm that anticipates price weaknes

"It's not about how much you do, but how much love you put into what you do that counts." - Mother Teresa Unlock the ultimate trading advantage today with the Arbitrage Thief Index. Throughout my successful trading career, this powerful indicator has been my secret weapon for securing perfect entry and exit points, ensuring consistent and safe profits. Now, I'm excited to share this revolutionary strategy with you. Top fund managers diversify their trades across multiple instruments to build a

Features: This is a slope indicator for TMA Bands indicator. It calculates slope of the center line. It supports 3 types of TMA Bands: TMA True (Non-repaint) Fast Line TMA (Repaints) TMA+CG (Repaints) It will help you determine whether price is Trending or Ranging based on the Threshold you set. Download extra TMA Indicators for strategy here: https://www.mql5.com/en/blogs/post/758718 How It Works: You can set the Slope Threshold for indicating Buy/Sell heightened levels. Suppose we set Thr

Informative & optimized Zigzag, Accumulated volume, Price change   A rewrite of the traditional zigzag tool with new additions. Features:- Optimized code Displays accumulated volume between peaks Displays price change between peaks Usage:- Identify trend swings Identify high volume swings Compare price changes between swings Drawing Fibonacci tool on strong price change or high volume swings

The indicator shows on the chart the classic pivot levels calculated on the basis of the previous day . You can choose from what hour to calculate the formula. Trade on reversal levels in a flat. In a trending market, use them as a target. Combine with your strategies for successful trading. The levels are drawn using   buffers and displayed on the entire available quote   history. Input parameters. Start Hour - Choose from what hour to start building levels. 00 - Default. Show Mid Pivots -

Attention!!! Do not try to test an Indicator in Tester, this is very difficult and mathematical calculation will consume all your Memory of computer. Test can be provide only on high performance computers. In Forward trading Indicator run without any problems. Better is rent product and test this calculation. After buy this indicator - BOILERMAKER, we will give for FREE our another indicator -  Keltner MTF  , contact us - after buy.  PLEASE ONLY BUY LIFETIME LICENSE NO RENT!!! We add on MQL mark

The "Trend Edges" indicator determines whether the trend is rising or falling. It is suitable for any time frame (tested on DAX). The indicator should be treated like Bollinger Bands, meaning that if it breaks out upwards, you can buy with a stop loss below the lower edge. Find a trending pair, index or CFD. Additionally : -Sound alert on trend change. -Alert Notification -Alert Notification on your mobile phone Check my other indicator "Trend Edges histogram"

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

A simple and effective trend indicator. It will be a good assistant when trading. A minimum of understandable settings. Put it on a chart and set it up Good to combine with other indicators. I will post another trend indicator soon. The combination of these two indicators gives good results. Works on all timeframes. Suitable for any couple. Experiment, adjust, observe. Filter by higher timeframes.

The Pivot Indicator is a vital tool for technical analysis used by traders in the financial markets. Designed to assist in identifying potential reversal points or trend changes, this indicator provides valuable insights into key levels in the market. Key features of the Pivot Indicator include: Automatic Calculations: The Pivot Indicator automatically calculates Pivot Point, Support, and Resistance levels based on the previous period's high, low, and close prices. This eliminates the complexity

Precision Trend Signals is an indicator that shows price reversal points on the chart using arrows. A green arrow indicates when the price will reverse upward, and a red arrow indicates when the price will reverse downward. The indicator can be used on any timeframes and any currency pairs. Trading Strategy with this Indicator: Green Arrow : When a green arrow appears, close any previously opened (if any) sell position and open a buy position. Red Arrow : When a red arrow appears, close any prev

Average Session Range MT4: Calculate and Average the Sessions High-Low Range of Specific Time Sessions Over Multiple Days. The Session Average Range is a sophisticated and precise tool designed to calculate the volatility of specific time sessions within the trading day. By meticulously analyzing the range between the high and low prices of a defined trading session over multiple days, this tool provides traders with a clear and actionable average range. **Note:** When the trading platform is cl

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 This FREE Version of the indicator works only on EURUSD and GBPUSD. The full version of the indicator can be found here:

OPGTS Currency Strength Meter is an indicator created to measure and analyze the currency strength and pass the information to the trader through a graphical display of each currency group's strength rates by percentage. Each bar it shows represents the currency's strength or weakness. USAGE: It is useful in two ways for trading: 1. Solo Trading 2. Basket Trading (Currency Group Trading) HOW TO USE IT EFFECTIVELY Solo trading: It can be used for solo trading by analyzing the

PRO version is available here: https://www.mql5.com/en/market/product/12648 FFx Universal Strength Meter is more than a basic strength meter. Instead of limiting the calculation to price, it can be based on any of the 19 integrated strength modes + 9 timeframes. With the FFx USM, you are able to define any period for any timeframe. For example, you can set the dashboard for the last 10 candles for M15… Full flexibility! Very easy to interpret... It gives a great idea about which currency is weak

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

The indicator that displays current time at the main markets of the world. It also displays the current session. Very easy to use. It doesn't occupy much space on a chart. It can be used together with Expert Advisors and other panels, such as VirtualTradePad . The version with analog clock displaying on the chart. Dear friends and users of our EAs, please add your ratings in the  Reviews  section. All updates to our forex software are  free ! This is a free trading utility! Other Features: Ther

RaysFX Supertrend + Alert RaysFX Supertrend è un indicatore di tendenza superiore progettato per i trader che desiderano avere un vantaggio nel mercato. Questo indicatore utilizza una combinazione di CCI (Commodity Channel Index) e ATR (Average True Range) per identificare le tendenze del mercato e fornire segnali di trading accurati. Caratteristiche principali Indicatori CCI e ATR: Utilizza due degli indicatori più popolari e affidabili per identificare le tendenze del mercato e generare segnal

Probability emerges to record higher prices when RVi breaks out oscillator historical resistance level. 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. As advantage, a lot of times oscillator breakout precedes price breakout as early alert to upcoming event as illustrated by 6th screenshot. Furthermore; divergence is confirmed in case

The R Chimp Scalper is a great trading tool for both forex scalpers and intraday traders. The signals from this scalper indicator are very clear and easy to read. It paints green and red bars above and below the zero level in a separate trading window: Green bars are aligned above the zero level suggest the scalpers trend is bullish Red bars are aligned below the zero level suggest the scalpers trend is bearish Indicator readings above the zero level suggest the scalp trend is bullish and trader

The Donchian channel is an indicator that takes a series of user-defined periods and calculates the upper and lower bands. Draw two lines on the graph according to the Donchian channel formula. This straightforward formula is based on: The top line is the highest price for the last periods n The bottom line is the lowest price for the last periods n Trend systems follow periods when support and resistance levels are broken. in this case when the price breaks the upper line or the lower line

The Feibo Trender is a trend tracking indicator based on the Feibo section calculation. 1.The price is in an upward trend and candles turn blue .The price is in a downward trend and candles turn red . 2.The segmented areas of the channel are identified by lines of different colors that can as support or pressure reference locations . 3.The price broke through the yellow line, which marked the trend reversal. The indicator parameters can be customized and the settings are simple. If you have any

GTAS S-Trend is a momentum indicator that helps to determine trends using combination of MACD, RSI and moving averages. This indicator was created by Bernard Prats Desclaux, proprietary trader and ex-hedge fund manager, founder of E-Winvest. Description The indicator oscillates between -65 and +65 with a neutral zone between -25 and +25 around a 0 equilibrium line. S-Trend between -25 and +25 indicates congestion zones with a bullish bias between 0 and +25, and a bearish bias between 0 and -25

When prices breakout resistance levels are combined with   Larry Williams' Percentage Range "WPR"   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

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. This FREE Version of the Scanner scans only EURUSD and GBPUSD. The full version of the sca

This is an unconventional version of the Heiken Ashi Smoothed indicator implemented as lines rather than a histogram. Unlike a usual histogram, the indicator draws the readings of the two moving averages in the form of colored lines. Example If the candle crosses two indicator lines upwards, a trend is assumed to be changing from bearish to bullish. If the candle crosses two indicator lines downwards, a trend is assumed to be changing from bullish to bearish. The indicator is good at displayin

RoundNumbers indicator is a simple and powerful psychological price levels. Trader usually use these levels as a Support and Resistance (SnR). Indicator Input: Levels - Numbers of levels drawn on chart. Default 30 levels. BoxSize - Box size drawn on each levels, indicate buffers around levels. Default value 1pips (10point) above and below each levels. ZoneSize - Distance between each levels, default value 10pips (100point). Style & Colours - User inputs customization. For MT5 version, please r

The indicator defines the buy and sell arrows with high performance and consistent results. Suitable for trend trading or following the trend. Automatic analysis of market opportunities ; Help traders   earn more from their investments; Never repaints, recalculates or backpaints signals; This is FREE   demo   version of the indicator and works only on  "GBP USD  M5" .   The demo version does not work on SUFFIX OR PREFIX brokers ! Forex   Trend Commander  All details about the indicator here :

This is a modified Fractals indicator. It works similar the original Bill Williams' indicator, and is additionally enhanced with the possibility to change the top radius, in contrast to the standard radius of 2 bar. Simply put, the indicator checks the top and if it is the minimum/maximum in this radius, such a top is marked by an arrow. Advantages Adjustable radius. Use for drawing support and resistance levels. Use for drawing trend channels. Use within the classical Bill Williams' strategy or

An “inside bar” pattern is a two-bar price action trading strategy in which the inside bar is smaller and within the high to low range of the prior bar, i.e. the high is lower than the previous bar’s high, and the low is higher than the previous bar’s low. Its relative position can be at the top, the middle or the bottom of the prior bar. The prior bar, the bar before the inside bar, is often referred to as the “mother bar”. You will sometimes see an inside bar referred to as an “ib” and its

Introducing Ms. Fibonacci , a powerful and free indicator designed to simplify the process of drawing and adjusting Fibonacci levels on your chart. This indicator automatically identifies and marks the new highest and lowest Fibonacci levels, ensuring accurate and precise placement. One of the key features of Ms. Fibonacci is its ability to draw Fibonacci levels correctly, point to point, and mark the corresponding price levels. This feature saves you time and effort, allowing you to focus on an

Market Heartbeat in your hand! Introduction The Market Heartbeat indicator with a special enhanced algorithm (volume, money flow, cycle of market and a secret value) is a very repetitive trend finder with a high success rate . Interestingly, this Winner indicator indicates that the trend has changed its direction or the end of a trend retracement or even appears at the range market. The Market Heartbeat can use in scalping trading or trend trading. It finds immediately with alarm, notification a

The R Inside Bar indicator for Metatrader 4 provides simple to use price breakout levels based on inside bars. It works on pure price action and does not repaint whatsoever, and pops up in the main MT4 chart window in the form of 2 colored horizontal lines above and below the actual inside bar. The green horizontal line acts as resistance and the red line acts as support. Long & short trade idea Open a buy order if the candlestick closes above the green inside bar line and the overall trend is

This is a custom indicator based on the Exponential Moving Average (EMA) angle, typically used to measure the trend angle of EMA lines. Here are the main parameters and functions of this indicator: Main Parameters: md1: Fast period for EMA, default value is 12. md2: Slow period for EMA, default value is 26. md3: Period for the MACD signal line, default value is 9. Functions: The indicator calculates the MACD indicator and categorizes data into different buffers based on the direction and angle o

Pattern Detector can detect the most common 1, 2 and 3 candlestick patterns and send notifications when detected. Demo version working on AUDNZD can be found https://www.mql5.com/en/market/product/29189 How does it work Add the indicator to the chart you want to analyze and select which patterns to detect, the indicator will draw the detected patterns. You can also be notified via alert, app and email when a new pattern is detected. Parameters Indicator Name - Used to draw the graphical obje