Market / MetaTrader 4 / Indicators /

TCL Boom and Crash

FREE

Published: 22 June 2026

Current version: 1.2

TCL Boom and Crash

Indicators
Stratos Digital (PVT) Ltd
Stratos Digital (PVT) Ltd
CEO at Stratos Digital (PVT) Ltd

Sri Lanka

2186
Version: 1.2

TCL Boom Crash is a signal indicator for MetaTrader 4 that combines a Relative Strength Index (RSI) layer, Stochastic oscillator confirmation, optional RSI divergence detection, and a multi-factor trend filter. Signal arrows are plotted on the chart when the configured filters agree.

How It Works

Each potential signal is built from three layers: RSI crossing its overbought or oversold level, Stochastic oscillator confirmation, and optional RSI divergence detection. A separate trend filter using a 50-period Exponential Moving Average (EMA), a trend RSI, and Moving Average Convergence Divergence (MACD) suppresses signals not aligned with the broader trend. An optional candle-pattern filter requires a confirmation candle before plotting an arrow.

Components

Signal Arrows — color-coded buy and sell arrows plotted at bar close when all enabled filters agree.
RSI Divergence Detector — optional layer that detects hidden divergence over a configurable lookback window.
Trend Filter — three-layer agreement using EMA, RSI, and MACD; signals not aligned with the broader trend are suppressed.
Candle Confirmation Filter — optional requirement that the bar pattern aligns with the signal direction.
Dashboard Panel — on-chart panel showing current trend state, oscillator values, and signal history.

Inputs

Show Dashboard — toggle the on-chart panel (default true)
RSI Period, Overbought, Oversold — RSI settings (defaults 14, 70, 30)
Stochastic K, D, Slowing — Stochastic oscillator settings (defaults 14, 3, 3)
ATR Period — Average True Range lookback (default 14)
Use Divergence — toggle RSI divergence detection (default true)
Divergence Lookback — bars scanned for divergence (default 20)
Min Signal Gap — minimum bars between same-direction signals (default 10)
Use Candle Filter — require confirmation candle (default true)
Use Trend Filter — enable the multi-factor trend gate (default true)
Trend MA Type, Period — EMA settings for trend (defaults EMA, 50)
Trend MACD Fast, Slow, Signal — MACD settings (defaults 12, 26, 9)
Trend RSI Bullish and Bearish Thresholds — RSI levels for trend confirmation (defaults 55, 45)

Compatibility

The indicator works on MetaTrader 4. It is compatible with all instruments. Signal arrows are calculated on the closed bar and are not repainted.

Installation

Download the file from MQL5 Market
Restart MetaTrader if needed
Drag the indicator onto any chart

For questions about parameters or behavior, please use the Comments tab.

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TCL Super RSI is a Relative Strength Index (RSI) indicator for MetaTrader 4 with timeframe-adaptive settings. It detects the chart's timeframe and applies a different RSI period and overbought/oversold threshold optimised for that timeframe, ranging from a 7-period RSI for M1 scalping to a longer-period smoothed RSI for Daily and Monthly charts. How It Works The standard 14-period RSI is a single fixed setting that responds differently on different timeframes. On fast charts the same period is

FREE

TCL Boll Bands Trader is a Bollinger Bands indicator for MetaTrader 4 with a multi-mode trend filter, dual-deviation entry levels, volatility subfilters, and an interactive on-chart dashboard. How It Works Standard Bollinger Bands signals can produce signals against the dominant move when the underlying market is in a strong trend. This indicator addresses that by checking each potential signal against a configurable trend filter before plotting it, and by adding squeeze, Average Directional Ind

FREE

TCL Correlation Matrix is a multi-symbol correlation dashboard for MetaTrader 4. It scans up to 42 symbols across Forex majors, crosses, exotics, commodities, and cryptocurrencies, calculating a real-time Pearson correlation coefficient between each symbol and the chart's symbol. What It Shows Each symbol's correlation value is displayed as a coefficient between -1.00 and +1.00. Values close to +1.00 mean the two symbols move together; values close to -1.00 mean they move opposite; values near 0

FREE

TCL SQ Super Bands is a volatility band indicator for MetaTrader 4. It replaces the symmetric Standard Deviation math used by Bollinger Bands with either Semi-Sigma (asymmetric volatility) or Quantile (percentile) calculations, producing bands that adapt to market skewness. How It Works Standard Bollinger Bands assume price moves symmetrically around the mean, but real markets often show skew, with larger or more frequent moves in one direction. This indicator offers two alternative band logics

FREE

TCL Auto Pivot Points is a daily, weekly, and monthly pivot-point indicator for MetaTrader 4. It calculates classic institutional support and resistance levels (R1 through R3 and S1 through S3) using a choice of four formulas and plots them automatically on the chart. What It Plots The indicator draws seven horizontal lines: the central Pivot Point (P), three Resistance levels (R1, R2, R3) above it, and three Support levels (S1, S2, S3) below. The lines update at the start of each pivot period (

FREE

TCL Power Meter is a currency strength dashboard for MetaTrader 4. It analyzes eight major currencies (USD, EUR, GBP, JPY, CHF, AUD, CAD, NZD) against the entire matrix of cross pairs using an aggregated Relative Strength Index (RSI) formula, producing a single 0-to-100 strength score per currency. How It Works For each of the eight major currencies, the indicator computes RSI values across every pair that currency is part of, then aggregates those values into a single strength score. The result

FREE

TCL MA Crossovers is a Moving Average crossover indicator for MetaTrader 4 with independent Fast and Slow MA settings for every chart timeframe. It plots crossover markers and sends multi-channel alerts when a confirmed crossover occurs. How It Works Most crossover indicators apply one Fast and one Slow Moving Average to whichever timeframe is open. This indicator stores a separate Fast and Slow MA configuration for each timeframe (M1, M5, M15, M30, H1, H4, D1, W1, MN). When the chart timeframe

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TCL Boom and Crash

Stratos Digital (PVT) Ltd

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