The indicator draws lines that can serve as support/resistance levels. They work both on Forex and FORTS. The main and additional levels are displayed as lines, with the color and style defined by the user. Additional levels are only displayed for currency pairs without JPY. Please see the AUDUSD chart below. Yellow ovals indicate some characteristic points where price reaches one of the levels. The second screenshot shows a FORTS instrument chart with the characteristic points. Simply watch
An indicator with a wide range of customizable parameters used for determining the current trend with the resistance and support levels depending on the current trend direction. After the current bar is closed values are not redrawn. The indicator can be used on any timeframe - simply choose appropriate settings before using it. Be especially careful when the price approaches the indicator levels it has moved far from it or when an arrow appears (indicating trend change) very far from the price,
The indicator creates 2 dot lines representing an upper and lower bands and the main indicator aqua line as the price power. If the main line is swimming inside the bands, then you should wait and watch before entering the market. When the main line jumps out or in the bands, then you should make a long or a short position.
Chart Clipper helps traders to monitor multiple charts of different symbols easier and faster. Why it's useful: Imagine your are trading 5 symbols and you need to analyze all time frames of each symbol before entering the market. It means you need to keep 9 charts of each symbol open (total 45 charts) and in order to bring all charts of the same symbol name to the top of other charts you must click 9 times; You may use MetaTrader Profile option, but in this case if you have any Expert Advis
Want to analyze Dollar Index, Gold or the Japanese Yen index? No problem! iIndex is a professional tool for drawing the chart of any asset (currency, metal) traded against USD. Here are just some of the advantages of the indicator: Any chart type (bars, candlestick, line chart). Automatic selection of color for major currencies. A customizable formula for calculating the USD index, including an indication of the list of symbols and appropriate weight coefficients. Applying charts one over
This is an open interest indicator for the Russian FORTS futures market. Now, you can receive data on the open interest in real time in МТ5 terminal. This allows you to develop brand new trading strategies or considerably improve the existing ones. The data on the open interest is received from the database (text CSV or binary one at user's discretion). Thus, upon completion of a trading session and disabling the terminal (or PC), the data is saved and uploaded to the chart when the terminal is
This indicator is intended to guard your open position at any time frame and currency pair. Long position In case the current price goes above the Take Profit price or below the Stop Loss price of the opened position and the Dealing Desk does not close this position, the indicator creates an Excel file with the name: Buy-TP_Symbol_Date_PositionID.csv or Buy-SL_Symbol_Date_PositionID.csv which will be placed in the folder: C:\Program Files\ ........\MQL5\Files Excel file for Buy-TP: You
Self Explanatory Indicator: buy when the Aqua line crossing the Yellow line upward and Sell when the Aqua line crossing the Yellow line downwards. Input parameters: Period1 = 13. Method1 = 2. MODE_SMA=0, MODE_EMA=1, MODE_SMMA=2, MODE_LWMA=3. Period2 = 5. Method2 = 0. MODE_SMA=0, MODE_EMA=1, MODE_SMMA=2, MODE_LWMA=3.
Indicator Cloud is drawing "clouds" on the chart. If the current price is behind the cloud then no actions should be done. If the current price departs from the cloud then one should consider to go Long or Short according to the price movement. Input parameters: Period1 and Method1 could be used as indicator settings for each TimeFrame and Currency pairs.
Value Charts (Helweg and Stendahl, 2002) is an innovative charting technique that displays price in terms of value instead of cost even when price volatility changes over time. It shows you when a particular market is at an extreme level and is likely to reverse. How to interpret The Value Chart indicator defines market valuation by plotting price in one of five primary valuation zones, which include: Significantly Overvalued Moderately Overvalued Fair Value Moderately Undervalue
"Support" and "Resistance" levels - points at which an exchange rate trend may be interrupted and reversed - are widely used for short-term exchange rate forecasting. One can use this indicator as Buy/Sell signals when the current price goes above or beyond Resistance/ Support levels respectively and as a StopLoss value for the opened position.
This indicator is developed to show the average movement of any 2 correlated currency pairs of the same TF. The crossing of 2 lines (in case with "EURUSD" (blue line) and "USDCHF" (yellow line)) is signaling about ascending or descending trend. Input parameters: symbol1 = EURUSD MAPeriod1 = 13 MAMethod1 = 0. Possible values: MODE_SMA = 0, MODE_EMA = 1, MODE_SMMA = 2, MODE_LWMA = 3. MAPrice1 = 1. Possible values: PRICE_CLOSE = 0, PRICE_OPEN = 1, PRICE_HIGH = 2, PRICE_LOW = 3, PRICE_MEDIAN
Optimistic trader may enter the market when the price crosses the blue line. More reliable entry will be when the price crosses the yellow line. When the price comes back and crosses the red line you can open a position in the course of price movements. If the price is moving between aqua lines - stay out of the market.
Introduction Harmonic patterns repeatedly occur in thefinancial markets. Big reversal move often follows the appearance of thesepatterns. Harmonic patterns are proven to identify the turning point by manyprofessional traders for more than 50 years in the market. It is very rare tosee highly successful traders without knowledge of Harmonic Patterns. Traditionally,Harmonic Pattern was identified manually connecting extreme points in charts.This process is painfully tedious and not suitable for ev
The indicator searches for the points of the beginning of correction or a turn. It gives good market entry points. It is simple to use and features rich configuration options for demanding traders. It will help you to find short-term and long-term trends. Turn or divergence channels are drawn based on the search for divergence using the RSI indicator. The RSI values are calculated with different periods depending on channel properties. The indicator utilizes the idea of Elliott Wave patterns. I
The David Varadi Oscillator (DVO) dynamically identifies overbought and oversold levels even when price volatility changes over time. It was designed (Varadi, 2009) to be only a short-term oscillator (maximum smoothing period of 5) as the importance of intraday highs and lows decline over time. The DVO can be used to create unique weighting schemes that function best for each class of security and define a local weight density for the instrument. It captures different cycle lengths, amplitudes,
This indicator identifies market regimes based on a moving average channel of the highs and lows. When the system is in the bull regime, it only allows the channel to increase, and vice versa in bear. The reason for choosing a channel over just a moving average is to get the benefits of hysteresis and reduce whipsaws by using a range of values before switching from bull to bear regime. Hysteresis is a natural phenomenon that appears in magnetism, elastics, cell mitosis and control theory (e.g.
Fibonacci Arcs in the full circles are based on the previous day's candle (High - Low). Reference point - the closing price of the previous day. These circles will stay still all day long until the beginning of the new trading day when the indicator will automatically build a new set of the Fibonacci Arcs.
Support and resistance represent key junctures where the forces of supply and demand meet. On an interesting note, resistance levels can often turn into support areas once they have been breached. This indicator is calculating and drawing 5 pairs of "Support and Resistance" lines as "High and Low" from the current and 4 previous days.
The DV2 is a RSI(2) alternative and an indicator that derives from the DVO. It's simply one specific setting of the DVO that was originally designed for the SPY. It was determined that the open and close had very little value in this case, and that the optimal weighting period was nearly 50/50 over the last two days. As it turned out this weighting scheme worked very well also on almost all ETFs and on most stocks. This version is bounded by using a percent rank function. How to interpret Th
The indicator bounds the price according to a cyclic wave dependency. Thus, all the crossing points, in which the movement is changed considering the indicator period, are the optimal ones. The crossing points can be used as the potential market reversal points. However, do not forget about the complex approach: the indicator signals require additional data to enter the market.
The Bull and Bear Power indicators identify whether the buyers or sellers in the market have the power, and as such lead to price breakout in the respective directions. This particular indicator will be especially very effective when the narrow histogram and the wide histogram reside on the same side (above or under the Zero line)
This indicator is a visual combination of 2 classical indicators: Bears and MACD. Usage of this indicator could be the same as both classical indicators separately or combine. Input parameters: input int BearsPeriod = 9; input ENUM_MA_METHOD maMethod = MODE_SMA; input ENUM_APPLIED_PRICE maPrice = PRICE_CLOSE; input int SignalPeriod = 5.
This indicator is a visual combination of 2 classical indicators: Bulls and MACD. Usage of this indicator could be the same as both classical indicators separately or combined. Input parameters: BearsPeriod = 9; ENUM_MA_METHOD maMethod = MODE_SMA; ENUM_APPLIED_PRICE maPrice = PRICE_CLOSE; SignalPeriod = 5.
This is a multiple timeframe version of the classic Parabolic SAR indicator (stands for "stop and reverse"). PSAR follows price being a trend following indicator. Once a downtrend reverses and starts up, PSAR follows prices like a trailing stop. You can choose the timeframes for displaying PSAR on the chart. Of course, you can see PSAR only from the current and higher timeframes. Input parameters: bM15 - PSAR from M15 bM30 - PSAR from M30 bH1 - PSAR from H1 bH4 - PSAR from H4 bD1 - PS
This is an intelligent trend indicator based on Moving Averages and Bollinger Bands. The indicator does not redraw at all. In order to trade, all you have to do is watch for color changes. Go short when a thick red line is drawn over price action, and go long when the blue thick line appears under price action. The indicator will show the trend, so therefore it is advisable that you must use an oscillator to provide for well-timed entries. Otherwise, the stop loss will probably be reached. Usin
This indicator is based on classical indicators: Commodity Channel Index, Relative Strength Index and Moving Average. I am using this indicator to open a Long position when Red histogram changed to Green histogram beneath zero line and to open the Short position when Green histogram changed to the Red histogram over the zero line. A great advantage of this system lies in the fact that the indicator has no input parameters and adapted to all currency pairs and TimeFrames.
This indicator is for scalping, it should be used only on lower timeframes, anything from one minute to five minute charts. The indicator does not redraw at all. It is recommended not to trade using this indicator during times of low volatility. Always trade with at least a 1 : 2 risk/reward ratio for positive results.
Price Breakout pattern Scanner is fully automatic and powerful geometric analysis for traders and investors. It can detects following patterns automatically from your chart. Head and Shoulder - Common tradable pattern. Reverse Head and Shoulder - This pattern is the reverse formation of the Head and Shoulder. Double Top - When the price hits resistance level twice and decline toward the support level, the trader can anticipate sudden bearish breakout through the support level. Doub
Pz Supply/Demand Indicator analyzes past price action to anticipate buying and selling pressure in the market, and is a state-of-the-art confirming indicator. Predict buying and selling pressure in the market Avoid getting caught in buying/selling frenzies No settings and no optimization needed The indicator works in all timeframes Extremely easy to usePotential supply and demand prices are those, at which lots of market participants are likely to be holding their losing positions hopin
One of the versions of the regression channel in MetaTrader 5. The Regression Channel consists of two lines, which are equally distant up and down from the regression trend line. The distance between the borders of the channel and the regression line is equal to the deviation of the maximum Close price from the regression line.
A regression channel in MetaTrader 5 with the real residual image of lines. The Regression Channel consists of two lines, which are equally distant up and down from the regression trend line. The distance between the borders of the channel and the regression line is equal to the deviation of the maximum Close price from the regression line, only this definition is consistent with the recent regression points. It has been noticed that regression channel lines are redrawn with each new bar, so on
This indicator is designed for M1 timeframe and shows: Sum of ticks when the price goes up (color Green - The major component of a candlestick = the body). Sum of points when the price goes up (color Green - The extension lines at the top of the candle). Sum of ticks when the price goes down (color Red - The major component of a candlestick = the body). Sum of points when the price goes down (color Red - The extension lines at the lower end of the candle).Keep in mind that Sum of Points wi
Currency Power Meter shows the power of major currencies against each other. The indicator shows the relative strength of currency/pair at the current moment in a period of time (H4, daily, weekly, monthly). It is useful for day traders, swing traders and position traders with suitable period options. Currency power is the true reason of market trend: The strongest currency against the weakest currency will combine into a most trending pair. As we know, trend makes money and all traders love t
The difference from the standard ZigZag indicator is the following: instead of calculating new extremum points based on the number of bars, it uses the distance between the high and the low to calculate the extremum points. In addition, this distance is calculated dynamically on default and depends on price fluctuations for a selected period and the multiplier. The distance can be set as a fixed number. In addition, it displays the reversal line, reaching which the previous extreme point is fix
Following the requests from my customers I add this version of DreamCatcher for МetaTrader 5. Its functionality is the same, but the code is rewritten in MQL5. The indicator displays recommended trade direction using arrows. The list of inputs for using this indicator in an Expert Advisor: input int drawbars=100000; //Draw barsinput int P=1; //Indicator periodinput int K=1; //Deviationinput int cper=14;
The indicator calculates important day levels based on the analysis of the previous day. Works on any symbols and timeframes from M1 to D1 inclusive. For easy use and displaying, the indicator has 3 input parameters: ShowOnlyCurrentDay (true/false) - show levels for the current day only / show the levels of all of the previous days; ShowMainLevels (true/false) - show main levels / hide main levels; ShowSubLevels (true/false) - show additional levels / hide additional levels.The indic
The input parameter counted_bars determines on how many bars the indicator lines will be visible. The input parameter barsNum is the period for bands calculation. When PriceClose for previous bar is above upper band a Long position may be opened.When PriceClose for previous bar is under lower band a Short position may be opened.If the current Price is between bands it is time to wait.
Introduction to Wavelet Trend Extractor This indicator uses Wavelet Technology to extract trend from Forex price series. The wavelet technology we uses for our indicator is identical to the wavelet function implemented in MatLab Wavelet Toolbox (http://www.mathworks.co.uk/products/wavelet/features.html#key-features). Our Wavelet decomposed signals matches as close as up to 6 decimal places of those decomposed signals from MatLab Wavelet Toolbox. This wavelet technology is commonly used in Eart
Bubi Candles is an effective trend indicator. The color of candles determines market sentiment. Its use is simple: Green candle - bullish sentiment Grey candle - no trend Red candle - bearish sentiment For example, if you operate intraday, you can trade in favor of the daily candles sentiment, and your chances of winning will increase.
The TimePeriodAlarm indicator shows time till closure of a bar. If the 'Time period' is specified explicitly (i.e. not 'current'), the indicator displays the time till bar closure of the current period and the explicitly specified period. Ten seconds before the closure of the bar (at the period specified explicitly), a preliminary sound alert is played and a color alert is generated, then the main signal (can be set by the user) in the parameter 'Sound file(.wav)' is played. The sound file shou
The Heatmap Indicator This Heatmap indicator allows you to display a "heatmap" of all symbols selected in the Market Watch. In this version it shows the percent price change in relation to the last daily close, what can give a quick overview of the market. This is a tool to help traders identify how strong is a currency in relation to all other pairs. This is a visual tool, and cannot be used inside Expert Advisors. In this sense, it's more a tool for discretionary traders, instead o
This is a plain and simple indicator for scalping on 1-minute chart. SuperScalpMt5 uses pure price action to keep track of micro trends on M1 timeframe by uniquely analyzing highs and lows for each bar. There are no input variables to worry about. The indicator should be used only on M1 timeframe for any Forex pair. The indicator does not repaint. The blue bars signal upward movement of price and red ones warn of a downward movement. Simply buying and selling when the indicator bar changes colo
Introduction The present state of Forex market can go through many different possible price paths to reach its future destination. Future is dynamic. Therefore, planning your trade with possible future scenario is an important step for your success. To meet such a powerful concept, we introduce the Harmonic Pattern Scenario Planner, the first predictive Harmonic Pattern Tool in the world among its kind. Main Features Predicting future patterns for scenario analysis 11 Harmonic Pattern
The program allows to find candle combinations, which is the most similar to the selected one, in past and make a forecast basing on these parts of the chart. Working with this application is easy - select interested bar sequence on the chart ("sample"), and the program will find parts on the chart similar to this sequence ("patterns") and apply them on current prices. I recommend to try out free version of the program before purchasing it. Free version works on symbols which have "EURUSD" in
The indicator is designed for easy construction of synthetic charts based on data of various financial instruments. It will be useful both arbitrage and pair trading, as well as for analysis purposes. Its main advantage is simplicity and clarity. Each chart is given as a common mathematical formula. For example, if you want to plot the spread (difference) between EURUSD and GBPUSD with coefficients 4 and 3, then set the following formula: EURUSD * 4 - GBPUSD * 3 The resulting chart is shown in
This indicator shows the ratio of the volume of buyers'/sellers' orders for the Russian FORTS futures market. Now, you can receive this information in real time in your МetaТrader 5 terminal. This allows you to develop brand new trading strategies or improve the existing ones. The data on the ratio of the volumes of orders is received from the database (text CSV or binary one at user's discretion). Thus, upon completion of a trading session and disabling the terminal (or PC), the data is saved
The indicator is designed to inform you about new Inside bars detected on any specified timeframes. Patterns found on the current chart are highlighted. The indicator can use alerts, email notifications and push messages to inform you. There is an extra option - a volume-based pattern selection criterion. This indicator automates the search of Inside bars and makes Price Action-based analysis of the markets much easier for you. Input Parameters Visualization settings: Draw Mode - sets the
This indicator carries out a search for important price extrema. It is based on the algorithm described in the articles by Fink and Gandhi: "Important Extrema of Time Series" (2007) and "Compression of Time Series by Extracting Major Extrema" (2011). This algorithm compresses a price timeseries and finds the most significant price points or extrema. The algorithm assigns levels of importance to all points of the price timeseries and then leaves only the most important ones. The number of the mos
Juice indicator is constructed in the form of a histogram and is located at the bottom of the window. Juice indicator responds to changes in the current volatility in the market. And when this volatility falls to a minimum, the indicator histogram crosses the zero level and the value becomes negative. Therefore, the indicator Juice is designed to filter the flat. Do not open the position when the histogram is red. If all indicators give signals to enter the market, use this indicator for the l
TCR is abbreviation for "Time Cycle Ratio" This tool draws Time Cycle Levels using 2 dates. For 3 dates time analysis please download Alternate Time Projection (ATP) that is available in the Market too. When you attach indicator to the chart, in the inputs you choose lines color and levels you interested to draw for you. When you press OK you must click on 2 points of chart you want to be used to draw time fibo levels just like price fibo, but here you choose 2 dates. Don't worry if you clicke
This tool draws Alternate Time Projection Levels using 3 dates. For 2 dates Time analysis tool Please download Time Cycle Ratio (TCR) that is available in the Market too. When you attach indicator to the chart, in the inputs you choose lines color and levels you interested to draw for you. When you press OK you must click on 3 points of chart you want to be used to draw time fibo levels just like price fibo, but here you choose 3 dates. Don't worry if you clicked on wrong points: by double clic
This indicator is designed for M1 timeframe and shows: sum of ticks when the price goes up divided by sum of ticks when the price goes down (red color); sum of points when the price goes up divided by sum of points when the price goes down (green color).The correlation between the number of ticks and the number of points for each and every minute will give enough data for scalping.
ALRMA is the linear regression ratio indicator. Input Parameters Period LRMA – the number of bars to calculate the indicator;Period signal – number of bars for signal line calculation;The indicator helps you to define the price direction as accurately as possible. It also allows you to define the trend power on a specified time interval quickly and accurately. Linear regression is a statistical tool used to predict future prices based on past data. It uses the least squares method to draw the
This indicator calculates the next possible bar for each currency pair and timeframe. If the next possible Close will be greater than Open, the next possible bar will be in Aqua color. If the next possible Close will be less than Open, the next possible bar will be in Orange color. Of course, the next possible bar will not show the big price movement. This indicator is most useful in the quiet time.
Trendy Twins is based on two moving averages. Both trend lines are shown as line and traffic lights. The result of both trends is denoted with STOP - BUY - SELL Trendy Twins can be applied to any timeframe. The best results were obtained when using 2 to 3 charts of the same currency pair. Look at the screenshots. Adjustable parameters: Period Fast / Slow Smoothing method Smoothed price Flat threshold pointsFurthermore, there is the choice between open bar or closed bar.
This indicator calculates (Hourly, Daily, Weekly, Monthly) pivot point, support and resistance price with different formulation (Classic, Camarilla, Woodie, DeMark, Floor, Fibonacci) and then adds lines on the chart. Line color and style can be changed with input parameters. And you can choose alert type (Alarm activated when price reach any pivot price) Input Parameters 1. Calculation Method Option (Method = Classic, Camarilla, Woodie, DeMark, Floor and Fibonacci) Range = High Price(HP) –
The indicator shows buy and sell signals. Timeframe - any, currency pair - any. Parameters: alertsMessage - enable/disable the message window. alertsSound - enable/disable sound. Arrow Type - select arrow type.There are three simple ways to filter the indicator signals: Compare direction with the indicator from the older timeframe. Use standard MACD diagram. Use Parabolic indicator.Do not forget about money management and stop loss.
The HiloEntrySignals indicator is designed to detect favorable conditions for entering a trade. Buy signals are shown by a green bar and sell signals are shown by a yellow bar. The indicator generates signals by identifying areas of congestion, followed by a breakout that signals the new direction of the price after a making a possible high or low. The indicator does not redraw at all. Input parameters: Min and Max represent the minimum and maximum number of bars from the current bar that the
The Zig-Zag indicator is extremely useful for determining price trends, support and resistance areas, and classic chart patterns like head and shoulders, double bottoms and double tops. This indicator is a Multi Time Frame indicator. The indicator is automatically calculate the 3 next available TF and sows ZigZag from those TimeFrames. You cannot use this indicator for the TF greater than D1 (daily). You have to have ZigZag indicator in the Indicators/Examples tab.