The indicator detects the potential reversal points. For the GBPUSD.M5 currency pair Can only be used on the GBPUSD currency pair with the M5 timeframe! The signal is formed above the bar after it closes. Signal types: Red arrow - The potential point of price turning Downwards. Green arrow - The potential point of price turning Upwards. Settings: History - the number of bars in history to form a signal.
El Awamy Smart is Complete Trading System in one indicator, you just need to drag the indicator to the chart and enjoy the signals. El Awamy Smart displays buy and sell arrows and it has a great dash board that make it easy to know the trend direction and strength. You can know the trend for each time frame from M1 to H1 by looking to the dash board. A red dot means a Down Trend and a green dot a Means Up Trend Buy Signal - if the comment is "Bullish" or "Strong Bullish" and you have gree
Advanced Bollinger Bands® (BB) indicator. The standard Bands.mq4 indicator was complemented with a range of upper/lower band and signal of possible reverses. Parameters: BandsPeriod - indicator period. BandsRange - period of determining a range. BandsDeviations - number of standard deviations. Averaging Fast Period - fast period of averaging. Averaging Slow Period - slow period of averaging. Buffer indexes: 0 - Middle line, 1 - Upper line, 2 - Lower line, 3 - Upper range, 4 - Lo
This indicator creates more stable Aqua histogram, which crosses the zero line up and down indicating UP and DOWN trend for long and short positions. The indicator generates a pulse red signal, which crosses the zero line up and down more frequently than the histogram. You may use only the histogram for entering the market in the point where the histogram crosses the zero line. You may use only the red line for entering the market in the point where the red line crosses the zero line. You ma
This indicator is used to determine the trend percentage. Trend direction is made in color. It has the indicator warning system: beep, e-mail and has three types of alerts, including messages to mobile phone. The position can be in 4 different corners of the screen. When trend value reaches the value set, the warning system is activated. Runs in Forex, CFD and other instruments.
Moving Average. Calculation method: average value of all prices used for determining a bar. Description of External Settings of the EA: MA_period - period of averaging for calculation of the indicator. Recommended values: 5, 13, 21, 34. ma_method - averaging method. It can have any values of the Moving Average method (Moving Average). 0 - (SMA) Simple Moving Average. 1 - (EMA) Exponential Moving Average. SMMA 2 - (SMMA) Smoothed Moving Average. LWMA 3 - (LWMA) Linear weighed Moving Averag
Description of the Settings: MA_period_fast - The period of averaging for calculation of fast Moving Average. MA_period_slow - The period of averaging for calculation of slow Moving Average. price - price used. It can be any of the price constants. 0 - (CLOSE) Close price. 1 - (OPEN) Open price. 2 - (HIGH) The maximum price. 3 - (LOW) The minimum price. 4 - (MEDIAN) The average price, (high+low)/2. 5 - (TYPICAL) Typical price, (high+low+close)/3. 6 - (WEIGHTED) Weighed close price, (high+lo
As we know, visual perception of a chart is of no small importance for convenient work. Selecting an indicator for your personal needs and further convenience of its usage allow to achieve more consistent results. Different visualization of one indicator can improve operational discipline and psychological stability or vice versa. I offer this version of the Moving Average trend indicator. The indicator is easy to use. It also displays readily accessible and intelligible information as so called
Sophisticated trend analyzing software that can be used as a supporting tool or a fully functional stand-alone system, via trade signals that clearly states a buy or sell condition with dynamic stop loss and take profit level-values. TrendMark continually monitors the trend technically and takes long-term, mid-term and short-term trend patterns in calculation, generating solid profitable signals. TrendMark utilizes trend analysis algorithms on the longer term, mid-term and short-term periods, t
Fibonacci Swing Scalp (Fibonacci-SS) This indicator automatically places Fibonacci retracement lines from the last highest and lowest visible bars on the chart with an auto Pending Order (Buy/Sell), Stop Loss, Taking Profit 1, Taking Profit 2 and the best risk and reward ratio. This is a very simple and powerful indicator. This indicator's ratios are math proportions established in many destinations and structures in nature, along with many human produced creations. Finding out this particula
The indicator searches retracements. Retracement is a temporal movement of a price in the opposite (or sideway) direction from the current trend. To my mind, the only dependence on the market is represented by waves. Retracement is a part of this movement. It helps to determine a start of a new wave. The yellow line of the indicator is a signal one. Pending stop orders are placed on its level. We also added take profit and stop loss levels for your convenience. These levels are adjusted for E
This is a professional multi currency tool. Its main purpose is semi-automatic Forex trading following Elder's Triple Screen strategy. Its wide functionality and ability to quickly change some essential parameters makes it an ideal market interpretation tool, which is indispensable in the common trade analysis. Its main advantage is almost unlimited number of simultaneously analyzed instruments. If the potential technical limits of your monitor resolution allow, multiple indicators can be used.
This indicator displays the moving average in the methods of many kinds. Parameters ma_period — Period of calculation for MA. ma_method — Method of smoothing for MA. ma_price — Price type of calculation for MA. time_frame — Timeframe for MTF. ma_shift — Period to shift the view buffer. alert — Alert mode. color_mode — Divide painted line to two colors. T3_f — T3 uses parameter(The default value is recommended). KAMA_x — KAMA uses parameter(The default value is recommended). KAMA_y
The use of a polynomial expansion of data opens up new possibilities for analysis and decision making. But the problem of all existing algorithms is a very slow computation. The main feature of this indicator is its fast algorithm. The speed of calculation of the polynomial algorithm and its standard deviation values is several thousand times faster than conventional algorithms. So this is a convenient algorithm for use without the need to apply supercomputers. Also, starting from version 1.
The Supply and Demand with Swap zones MTF indicator is a modified and enhanced version of the Supply and Demand Multi Timeframe Indicator indicator, which helps you to analyze a chart using the rule of supple and demand on three timeframes at a time. This version has so-called swap zones - areas which have been broken through by the price but still have power. The most significant areas of the chart are "overlaps" where new supply/demand and swap zones are formed. The indicator supports several
This is a non-repainting indicator of fractal highs and lows. Red arrow - the Fractal High level. It is determined after the close of the preceding bar. Blue arrow - the Fractal Low level. It is determined after the close of the preceding bar. Crossmark - the Fractal that does not fit both filters, its detection is usually delayed.The indicator also draws Fractal Support and Resistance lines. Red line - Fractal resistance. Blue line - Fractal support.Settings: count - the number of b
The main aim of this indicator lies in determining entry points. In spite of apparent simplicity of the indicator, it has complicated analytic algorithms which determine entry points. The indicator generates exact and timely entry signals which appear on the current candle. Red Line: shows the trend of the average Trend. Arrow Orange: Open Buy trade. Arrow Blue: Open Sell trade.The indicator is very easy to use. Open Buy trade when you see an up arrow. Open Sell trade when you see a down
Timeframe: M5 to D1. The main aim of this indicator lies in determining entry points. In spite of apparent simplicity of the indicator, it has complicated analytic algorithms which determine entry points. The indicator generates exact and timely entry signals which appear on the current candle. Blue Line shows the trend of the average Daily high. Red Line shows the trend of the average Daily low. Orange Arrow: open Buy trade. Blue Arrow: open Sell trade.The indicator is very easy
Please, try in the strategy tester first! I don't want bad reviews ;) Don't use dates older than one month. It may not work correctly. Note that this indicator is intended for scalping, so for example, on M30 you should expect TakeProfit 20 pips. If You have any questions, please contact me. Market Heart Beat I think, this is my best indicator yet. It is aimed to scalping, but it can show you actual trend pretty well. You don't have to set anything - it works on all instrum
This trend indicator shows direction of a trend on the current time interval. The indicator considers volatility of the currency pair, so it can be used for determining a spot for placing a stop loss order. It is easy to set and has only one adjustable parameter. Examples of the indicator operation can be found in the screenshot, or you can download and test its demo version. Parameters Period - Period (number of bars) to calculate the indicator.
The indicator is a volatillity measure. It implements the equation of the standard deviation of the last N bars. The formula of the equation can be found at https://en.wikipedia.org/?title=Standard_deviation Indicator parameters: Bars Used for the Indicator Calculations - the number of bars used to calculate volatility. Proper values - from 5 to 250. Ability to shift the chart - Ability to shift the chart to the left. Proper values- from 0 to 20. Default value is 0 and corresponds to no sh
This indicator shows data from 9 currency pairs by your choice from all 9 timeframes. If a digital value of the RSI is less or equal to DnLevel = 30 (or whatever number you decided to put), then a Green square will appear. This is (potentially) an Oversold condition and maybe a good time to go Long. If a digital value of the RSI is greater or equal to UpLevel = 70 (or whatever number you decided to put), then a Red square will appear. This is (potentially) an Overbought condition and maybe a g
Simple channel indicator. I have been using it for several years. Added alerts when reaching high and low of the channel. Excellent for traders using trend strategies. Recommendations: Do not sell on highs or buy on lows right away. Check the higher timeframe and trade on the bounce. Features: alertsON — enable alerts alertsMessage — display an alert alertsSound — alert sound Color_Region_Hi — color indicating exit from the channel on highs Color_Region_Lo — color indicating exit from
You can download the demo version of the indicator, which does not display data on last 25 bars but is perfect for testing. The Trend Trade indicator displays assumed turning points of the price on the chart in the direction of the trend after correction. It is based on data of the Prise Reversal oscillator with the period 6 and indicators which characterize strength and availability of the trend. When the value of Prise Reversal is in overbought or oversold area (area size is set by a user),
Turtle Trading Channel Indicator belongs to the category of channel indicator like Bollinger Band. Its upper band is formed by the highest price throughout a period of time, while its lower band is plotted by the lowest price throughout a N period of time. This indicator is named Turtle Trading Channel Indicator is because it is formed by two Turtle Trading Channels, which work like Double Bollinger Band concept. Setting/How to Use/Inputs Properties of the Indicator: Period for Upper Band
Calculator Overview: This calculator helps you calculate the following parameters that suits your need accurately and fast. order lot size take profit price stop loss price To calculate the lot size, you only need to enter the money that you want to win and the pips that you want to win, the calculator will automatically calculate the lot size for you. To calculate the take profit and stop loss price, you only need to enter the open price and how many pips you want to add or mi
The idea is to detect and notify lagging tick (price feed) that is received by your terminal from broker's server. Parameters Timer in seconds Terminal alert: option to show terminal pop-up alert. Send E-Mail notification: option to send email notification. Send Mobile notification: option to send mobile notification. Terminal Log: option of terminal logging
MACD Notifications desktop and mobile is an alert system for your computer and smartphone/tablet that will notify you in real-time about changes in market trends based on the MACD indicator. With this indicator, you do not need to run the MACD apart, it is 100% integrated and fully configurable. Input parameters In addition to all standard parameters to configure the MACD, you will find the following: Notifications mode: set if you want to receive notifications on the screen in the App Meta
The presented indicator draws the pivot points for different timeframes – 4 hours, day, week and month. Before you leave, download the demo version of this indicator, evaluate its performance. After all, this does not oblige you to anything. And then you will see that it has the best price to quality ratio, buy it now and receive updates for free. In the new version, an information panel with control buttons is displayed on the screen. The "Symbol properties" information panel shows: Symb
COBRA is based on a channel calculated from a moving average using a proprietary formula taking into consideration the recent movement of the market. The calculation is automated. You do not need to look for the best settings for each currency or each timeframe. COBRA is a trend following indicator. The pullbacks respect the channel. Also the turning/reversal points when the channel is broken and the color changes. The only feature is "Draw Central Line" (true/false).NOTE: This is
Main concepts: It gives buy (blue) and sell (red) signal. Signals does NOT repaint after bar is CLOSED. Main features: Length: Measure how many bars back the indicator will consider to calculate the signals. Factor: Based on volatility of the market. Lower values will give less signals, but more accurate. Max_bars: How far in history you want the indicator to show signals. PopUp: Turn popup alert on and off. RicinusWidth: Change the size of the signal.The name of this indicator came
Important: for the correct font in the Menu, please download and install the "Agency FB" font! PROscalper is a perfect tool for traders who use the scalping strategy! It gives you the visual view of the main Stoploss, Takeprofits and current/last pips on the chart and also in the integrated menu. So with this overview you have the high quality indicator for scalping! You can use PROscalper on any timeframes and on any pairs, but lower timeframes are recommended. To improve results, you can
Following and trading on a trend can be a very profitable strategy, when done properly. This is why we are offering our new indicator, called The Trend Pointer. This indicator is designed to catch and analyze current trends, their strength as well as their stability. The Trend Pointer bases its analysis on multiple algorithms that ensure accuracy. Both the Strength and Stability of current trend are analyzed in the short and long term, in order to pinpoint the trend’s point of development. Wh
The indicator compares quotes of the current symbol and a synthetic quote calculated from two specified referential symbols. The indicator is useful for checking Forex symbol behavior via corresponding stock indices and detecting their convergence/divergence which can forecast future price movements. The main idea is that all stock indices are quoted in particular currencies and therefore demonstrate correlation with Forex pairs where these currencies are used. When market makers decide to "buy
Pattern Informer is a convenient indicator for recognizing Price Action patterns on selected instruments. It presents a convenient overview form of all instruments on three timeframes (Н1, Н4, D1) in a single chart. It's an indispensable tool for manual trading based on the Price Action method. Pattern Informer recognizes the following patterns: PinBar Inside Bar Outside Bar DBLHC DBHLC TBL TBH Indicator Parameters symbols_list - the list of currency pairs separated by commas for w
The indicator displays all those seconds, when no Tick was received for the current chart’s currency-pair. These missing-tick seconds are displayed on the each bar. Besides, they are also printed inside "Experts" log, for post data-analysis. The missing-tick seconds counter resets after each minute. Thus, it works well for any currency-pair in M1 timeframe.
This is a self-design project of the intraday volatility indicator. The indicator distinguishes phases of active and passive market. It also shows volatility growth ratio which allows you to predict risks in a more qualitative manner . The highest time frame: H1 Recommended time frame: M1 Parameters: AVG period - period of smoothing the indicator's curve
This technical indicator is one of the variations of the Momentum technical indicator. Its formula is simple and intuitive. The excess of the current prices over the past indicates an uptrend, and if the current prices are lower than the past ones over a specified time interval, then there is a downtrend. The presented technical indicator uses a smoothed Momentum indicator in order to decrease its volatility. For this purpose it uses a moving average, that is additionally smoothed by an adaptive
The indicator is looking for a Price Action double bar reversal pattern a double bar with similar Lows and higher Close - DBLHC (bullish setup) and a double bar with similar Highs and lower Close - DBHLC (bearish setup).A pattern may consist of two, three or even four bars. It is believed that the more bars form a pattern, the stronger it is. After the pattern is found, the indicator (if set in parameters) displays an alert in the chart, sends push-notification to your mobile device, or send
TDI Flat Market Indicator is an oscillator indicator which works in a separate window. It is based on RSI (Relative Strength Index), Trade Signal Method and Market Base Method. It identifies the flat market behavior which helps in determining when to enter the market. The parameters used for indicator calculation are: RSI Period – 13 bars RSI Price – Close price RSI Signal Period – 2 bars RSI Signal Method – Simple Trade Signal Period – 7 bars Trade Signal Method – Simple Market Base P
The indicator includes two parts. Part I: Color Candles Show the Major Trend Color candles is to identify the market state by color candlesticks. As shown in the screenshots, if the color is Aqua, the market is in a state when you should place long orders or exit short orders. If the color is Tomato, it is the time to place short orders or exit long orders. If the color is changing, it is better to wait for its completion (until the current bar is closed). Part II: Draw bands The inner ban
Pivot Point is one of the most famous and popular support and resistance indicators used by many traders. Can set to Daily Pivot Point or Monthly Pivot Point at the Input Properties of the Indicator Customize the line style and color Can check whether the pivot point set is a daily pivot point or monthly pivot point on left top of the chart. Includes 5 lines : Pivot Point, Resistance 1, Resistance 2, Support 1 and Support 2 Updates All updates are free of charge for ex-buyers.
The indicator draws a line, color of which shows the trade direction. It also shows direction and strength of the trend in the upper left window of the screen. The indicator has new logic which makes it significantly different from its analogues. The first thing I would like to mention about the indicator is that it does not repaint its signals. I.e. if the indicator generates an entry signal, this signal will not disappear and you can enter the market without a doubt. The indicator generates
The Auto Channel Gauss indicator detects and draws the channel where the price is moving, and the trend of this channel. The purpose of the indicator is implementing trading strategies based on operating the key levels of this channel. Features Define the channel and limits where the price tends to move, identifying support and resistance. Identify the trend. Works on all pairs and periods. Versatile for many types of strategies. Upper line 1 Gold - it is resistance 1 Upper line 2 Red
This volume indicator for MT4 visually demonstrates the market strength. As distinct from standard Volumes, it filters noise of tick volumes. Convenient for visual detection of volumes on a symbol. Its main property is visuality. As of today brokers of MT4 do not transmit real volumes, and if you trade basing on the volume analysis, the indicator will help you to develop your strategy. If you compare this indicator and the indicator on real volumes, visual results will be similar.
This indicator will send you alert through MT4 Alert Popup Window, Notification to Mobile and send email (has been set up in Mt4 options) when price reach a horizontal line placed by trader. If you want to know when price reach a price level, just drag this indicator to the chart and simply place a horizontal line at the level you want. You can place as many horizontal lines as you can imagine. You don't need to rename them. Just place them on the chart.
This indicator calculate the correlation coefficient between 2 currency pair over a certain number of candles on any time frame. The result show the "similar level" of the 2 price charts. The calculation can be done on close, low or high price. There are latency sometimes between currency pair. That mean, when a currency pair move, another currency will be on the go. That's time we prepare for the trade.
Tick Volume Histogram indicator is drawn in the separate window of the chart. It basically displays the number of ticks at the peak of the histogram drawn in the separate window. It provides the feature of displaying the histogram in different fashion: If Plot Line and Show Volume are set to be false, then bar with greater number of ticks is displayed as larger histogram and the bar with lower number of ticks is displayed as smaller histogram. If Plot Line is set to be true and Show Volum
This indicator builds so called "random walk" bands: on every bar it finds maximal or average distance between current price and multiple expanding parabolic curves starting at predefined number of bars in the past. If you like Bollinger bands or Envelopes you may find this indicator useful as well. As you may know, price movements are very similar to random walk time series (specifically, Gaussian random walk), yet they do effectively break the hypothesis of randomness. One of the features of
Trading in the direction of the predominant trend is one of the fundamental trading requirement. That notwithstanding, every trend runs out of strength at some point. At this time, price either makes a temporary retracement or a more permanent change in direction. As it is important to follow the trend, it is much more important to identify areas of likely reversals. This is where the 5TT Candlestick Reversal Indicator supports the trader. 5TT Candle Reversal Indicator displays directly on the
The main rule of the profitable trading is opening trades in the direction of a trend. You can define the current trend using fractal analysis. The Important Zone ResSup indicator displays important price support and resistance levels on the chart. The breakthrough or bounce from those levels shows further price direction. The data panel allows you to track the current trends on all timeframes. The current timeframe's important level values are shown in the comments. The indicator can be usef
This is another kind of using the Standard Moving Average Indicator and get the output of it on your screen. The Moving Average is rebuilt in a small window for using in the chart window. Following features are available: you can choose the TimeFrame which should be calculated you can choose the Moving Average periods you can choose the average method (Simple, Linear, ... ) you can choose the price method (Open, Close, ... ) you see at the bars if the price is above or below the Moving
The Inside Outside Bars indicator is drawn in the main window of the chart and displays them in different color with price label displaying on the left of the inside and outside bars. The Inside Outside Bars indicator considers the following parameter: Left Price Label Width -1, Width of the price label displaying price can be reset. Arrow Size – 0, Width of arrow displayed at opening and closing price of every bar can be reset. Outside Bar Color – Blue, It provides the feature of resettin
MACD Indicator draws line and arrow in the main chart window to identify the trade opportunity. The number of bars used for indicator calculation are: FAST EMA PERIOD-12 SLOW EMA PERIOD-26 SIGNAL SMA PERIOD-9MACD Indicator provides the following features: It displays an Up arrow when the upward trend starts , the color, size of Up arrow can be reset and the type of arrow can be changed. It displays a Down arrow when the downward trend starts , the color, size of Down arrow can
Generates BUY / SELL Signals for easy to use You do not need to read or understand market trend lines on indicator's window. Quantina iTrend Indicator shows a little red Arrow for SELL and a little green Arrow for the best BUY entry points above and under the actual candle. Indicator is not repainting the chart. Even the information panel is moved to the indicator window for comfortable use. Inputs and Features Trend Period: 24 Used for Trading Signals only. Indicator count the p
This is a pullback meter indicator that shows us where the oversold and overbought zones are. It combines three different technical indicators: Regression Channel, ATR Channel and HIGH LOW Channel. When the price is above the Regression Channel and ATR Channel - it shows the strength is strong (green) OR when the price is below the Regression Channel and ATR Channel - it shows the strength is weak (red). Then it is a good idea to double check with currency strength to confirm. It often comes to
The indicator is based on the elements of Bill Williams' trading system. Sell signals are formed when MACD and OsMA values are falling simultaneously (Bill Williams calls these indicators АО and АС in his book), while buy signals appear when both indicators are rising. Thick and thin colored histograms match MACD and OsMA values. If the histogram is greater than 0, the indicator value is rising. Otherwise, it is falling. Positions should be opened when the price exceeds the bar's high or low, at
This indicator allows you to see the strength of the trend on all timeframes. It can be used for all currency pairs. The indicator can be displayed in the form of a column (from left to right): status buy / sell / strong buy / strong sell, strength of the trend in percentage, pips last candle, body candle now, remaining time, and the timeframe of M1 to MN. Information contained below (from left to right): total trend percent, sell percent, buy percent.
You can download the demo version of the indicator, which does not display data on last 25 bars but is perfect for testing. The National Prise Reversal indicator represents an oscillator of a national currency (options: USD, CAD, CHF, JPY, GBP, EUR, AUD. It is based on already known Prise Reversal oscillator. But it analyzes particularly movement of a selected national currency on pairs with other specified currencies. Basing on these data the National Prise Reversal indicator determines overbo
This indicator is meant for Harmonic Traders, it helps them in identifying the formed patterns by analyzing the market past data, looking for Harmonic Patterns. The Patterns that this indicator can detect are: AB=CD Butterfly Gartely Crab BatThe indicator shows the following: The completed pattern, with the critical zone highlighted in Gray box The suggested 3 take profit levels (in green) The Suggested Stop Loss level (in Red)The formed pattern ratios can be checked by h
PipTick Correlation shows the actual correlation between the selected instruments. The default setting is set to 28 currency pairs, gold and silver, but the indicator can compare any other symbols. Interpretation of the indicator Positive correlation (corellation is above 80 %) Negative correlation (corellation is below -80 %) Weak or no correlation (corellation is between -80 and 80 %) Main features The indicator shows actual correlation between the selected instruments Simple compar
The indicator displays the price or the volume chart with second period which is selected by a trader. Only High and Low prices are displayed. You can save data in a text file where time, High, Low and Volume are indicated. Input parameters: show - displaying a price (price) or volume (volume) period - chart period in seconds separation - separating the specified number of periods by a vertical line; the parameter is not applied if its value is less than 2 max_history - maximum number o
The SPR of trend indicator does the following: (S) - shows signals, (P) - shows signals potential, (R) - calculates risk/reward.The indicator defines potential price movement. It works by closed candles and does not repaint! The indicator provides a stat block on its own signals. The stats are based on a maximum price movement (after a signal appears on a closed candle) from the Open price to: The price reaching the StopLoss level. In this case, you can use a fixed StopLoss in points o
The indicator is based on the new market theory described and discussed on the Forum: https://www.mql5.com/ru/forum/58256 (in Russian). The theory is based on the principles of receiving or not receiving profit. It accurately describes both the market of real goods and Forex. On the market of real goods, it detects conditions for maximizing profit. On Forex, it defines loss-free trading conditions. The theory has been confirmed in action. According to this theory, there are four price levels o
Visualize your charts differently in MetaTrader 5. The product is good for comparing the prices, since the indicator draws High, Close, HLC, etc. It is useful when applied with other indicators (like MACD). This simple indicator colors the entire space below the chart allowing you to see the market with greater clarity. You will see the actual price, trends, and the market behavior. Indicator parameters: Applied_Price: From this option you can select the type of price you want to draw
The main aim of this indicator lies in determining entry points. In spite of apparent simplicity of the indicator, it has complicated analytic algorithms which determine entry points. The indicator generates exact and timely entry signals which appear on the current candle. Recommended to use with "my - renko.ex4" (or other) chart M2 timeframe. Arrow Orange: Open Buy trade. Arrow Blue: Open Sell trade. Information on the Chart SYGNAL BUY / SYGNAL SELL - input to Buy/input to S
This indicator allows to enter the market with optimal prices: from local Highs (resistance) and from local Lows (support). The indicator finds flat level patterns searching the bar which has formed the level and bars which have confirmed the level. In other words, the indicator finds a price level consisting of several candles having highs and lows on one line. Such levels represent natural levels of support and resistance formed after a major participant has entered the market and placed a la
The Candle Patterns indicator shows popular candle patterns on the chart. The possible patterns are Inside Bar, Large Wick, Engulfing, Marubozu, Hammer, Shooting Star, Three White Soldiers and Three Black Crows. Candles are colored to easily identify the patterns. Also, a point and click function displays the pattern found. Settings Message box - when a candle is clicked, the pattern identified will be shown in a Message Box on the charts. All 'Message Box' settings pertain to the box. Show
Correlation Index implements the equation of correlation coefficient (ρ). Correlation is a measure of dependence between two securities. The formula of the equation can be found at https://en.wikipedia.org/wiki/Correlation_and_dependence We generally consider that EURUSD moves to the same direction as GBPUSD =>positive correlation JPY, CHF, Gold move to the same direction=>positive correlation oil moves to the opposite direction of USD=>negative correlation ....But how strong is this depe
Movement Of The Price calculates the average range for intraday bars for a specified period of time. The indicator operation principle is simple enough. It calculates the price movement ranges by intraday candles (bars) for a certain time interval and then calculates their average value. The resulting histogram is displayed under the chart. The smaller the timeframe, the more efficient the indicator. A timeframe less than H1 is the best option. Parameters PERIOD – amount of candles used for