Standard Deviation Channel MT4

The MT4 Channel Standard Deviation Indicator automatically plots support and resistance channels on the price chart using price standard deviation.

It indicates BULLISH and BEARISH market conditions and is suitable for both new and advanced forex traders.


This indicator offers support, resistance, entry, and exit levels, along with stop-loss and take-profit points.

It accurately identifies BULLISH and BEARISH market trends, making it effective for both intraday and long-term trading across various time frames.

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Introducing ZigZag Extras MT4, a Forex indicator that simplifies market analysis: - Visualizes highest highs and lowest lows over a specified "Depth" period. - Highlights potential reversal points with filled blue and red dots. - Optional display of BreakOut points, indicating probable peaks and bottoms. - Helps avoid common pitfalls of mistaking repainted points for market tops or bottoms. - Designed to enhance understanding and serve as signals for various trading strategies. Instructions:
Trend channels are vital tools in technical analysis for identifying optimal buy or sell points.   -   Upper Line:   Marks resistance. -   Lower Line:   Marks support. - Tops and bottoms of channels indicate potential support or resistance zones.   -   Bearish Channels:   Negative slope (down). -   Bullish Channels:   Positive slope (up).     Creating Channels: -   Up Channel:   Draw a parallel line matching the uptrend angle, touching the latest peak. -   Down Channel:   Draw a parallel line ma
What are Heiken Ashi Candles? Heiken Ashi, derived from the Japanese term 'Heikin Ashi,' translates to average price bars. It's an indicator depicting price bars on a chart. Formula for Heiken Ashi candles: - Heiken Ashi opening price: (previous candle's opening + closing price) / 2 - Closing price Heiken Ashi: (opening + high + low + closing) / 4 - Heiken Ashi peak: Max of high, opening, or closing price - Heiken Ashi bottom price: Min of low, opening, or closing price How to Read Heiken A
SDL Trend Signals is a custom MQL4 indicator named "Slope Direction Line" for MetaTrader 4. It employs weighted and simple moving averages to create customizable trend lines on charts. Using two trend line buffers (Uptrend and Downtrend) and one for indicator values (ExtMapBuffer), the indicator calculates trend lines. Bullish slopes appear in BLUE, signaling an upward trend, while Bearish slopes are in RED, indicating a downward trend. In a Bullish trend, traders can enter a BUY position wit
ADX MA: The Ultimate Trend Strength Guide In forex trading, the Average Directional Index (ADX) is a vital indicator for gauging trend strength. Here's a streamlined approach to using ADX for effective trading: 1. Add ADX to your forex chart. 2. Interpret ADX values: <20 is weak, >40 is strong. 3. Identify trend direction: +DI above -DI indicates an upward trend, and vice versa. 4. Execute trades based on ADX and trend: Strong up trend, consider buying; strong down trend, consider selling; we
The Dot on Histogram Trend indicator is a straightforward tool in forex trading. When used in conjunction with other indicators, it can be highly rewarding. The indicator consists of a blue and red histogram, representing positive and negative territories, respectively. Buy opportunities arise when the histogram is positive, while sell opportunities emerge when it's negative. Signal Steps: 1. Dot at Zero Level:    - Green Dot: Indicates a clear uptrend; take action.    - Red Dot: Do nothing;
The Support Resistance Active indicator for MT4 identifies highs and lows across various timeframes, displaying support and resistance lines. Notably, previously tested highs and lows are eliminated to avoid clutter on the chart. This indicator focuses on weekly and daily levels, termed as sell zones and buy zones. It draws support or resistance lines (fractal lines) for these zones. Tested areas are visually connected with a line, enhancing clarity on the chart. The indicator is Multi-Timefr
This pass-band oscillator seeks to pass-band out both high and low frequencies from market data to eliminate wiggles from the resultant signal thus significantly reducing lag. This pass-band indicator achieves this by using 2 differenced EMA's of varying periods. (40 and 60). Trigger points for the pass-band oscillator are added with a RMS cyclic envelope over the Signal line. Output of the pass-band waveform is calculated by summing its square over the last 50 bars and taking the square root of
The SDL Trend Signals MT5 indicator shows the market direction with a colored moving average line. It has three inputs: Period (calculation period), Method (calculation method), and Applied price (price used for calculations). The indicator has three buffers: Uptrend, Downtrend, and ExtMapBuffer (for indicator values). The Bullish slope is in BLUE, and the Bearish slope is in RED. For example, an upward slope indicates a Bullish market (Blue), and a downward slope indicates a Bearish market (R
The Hurst Exponent gauges a time series' long-term memory and is named after Harold Edwin Hurst. The MetaTrader's Hurst Exponent Indicator analyzes an asset's price memory, helping predict future trends. It's valuable for traders of all levels, suitable for various styles like scalping or swing trading. In Forex terms, the Hurst Exponent measures a series' dependence, indicating whether it regresses to the mean or clusters in a direction. H values between 0.5-1 suggest positive autocorrelation
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