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RTrends

The RTrends indicator does two things: first, it automatically draws the layout of the price chart by plotting trend lines and, secondly, it produces bearish and bullish signals.

The layout reflects the fractal nature of the market. Trends from different time horizons are applied simultaneously on the chart. Thus, from a single chart a trader can see trend lines of higher timeframes. The lines, depending on the horizon, differ in color and width: the older the horizon, the thicker the line is.

To simplify the indicator setup, only 4 colors are used. They can be set in the parameters of the indicator. Three smaller displayed horizons have individual colors, the fourth and subsequent ones are of the same color. This is due to the fact that the higher lines are rare. For example, on a minute chart for almost 14 years the indicator marks only about 10 horizons. Line marking (visible when you hover over the line) contains additional information. For example, the name Sup7_1 means support line relating to the horizon with a nominal number 7 and having number 1 on this horizon (numbered from zero). Similarly, the name Res5_0 means resistance line number 0 of horizon 5.

Indicator signals are divided into bullish and bearish, their main advantage is that the signals are very early. The reverse side of this is the large number of "false" signals. Thus, they require additional filtering. So it is better to treat them as signals of a moment to make a decision (to enter or not), not as direct signals to open a position. A signal is accompanied by a popup window with additional information. These moments are marked as arrows on the chart. They can also be read from the indicator buffer. The value +1 corresponds to the bullish signal, -1 - bearish, 0 means no signal.

The indicator has the following parameters:

  • DrawFrom specifies the number of the horizon at which displaying of trends begins (i.e. the number of the smaller horizon).
  • SgnRank sets the rank of signals.
  • ShowAlert allows to enable/disable the popup window.   
  • Color1 sets the color of the lines of the smallest displayed horizon.
  • Color2 and Color3 set the color of the lines of next two horizons.
  • Color4 sets the line color of the fourth and all subsequent horizons.
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RSI.MACD Warden is an innovative indicator for MetaTrader 4 running a versatile algorithm aimed at identifying RSI , MACD and Stochastic divergences. This indicator looks back for a set number of bars and draws lines when a normal or hidden divergence is identified. The smaller the lookback period the faster is the indicator. A divergence line is plotted on the chart when an RSI divergence between A and B points is also confirmed by MACD and Stochastic divergences between the same points on the
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Advanced Dashboard for Currency Strength and Speed
Bernhard Schweigert
CURRENTLY 20% OFF !! ⭐⭐⭐⭐⭐  Best Solution for any Newbie or Expert Trader! This dashboard software is working on 28 currency pairs. It is based on 2 of our main indicators (Advanced Currency Strength 28 and Advanced Currency Impulse). It gives a great overview of the entire Forex market. It shows Advanced Currency Strength values, currency speed of movement and signals for 28 Forex pairs in all (9) timeframes. Imagine how your trading will improve when you can watch the entire market using a sin
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Naked Forex Kangaroo Tail
Renaud Candel
Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Commodities, Metals, Cryptos. The Kangaroo Tail is a simple and very effective pattern to trade. The strategy that comes with the Kangaroo Tail is purely based on price action. Inputs of the indicator are : Distance: distance in pixel relative to top or bottom of candle to display the arrow symbol MaxBars: number of bars back used to calculate the indicator TradeDirection (Long/Short/LongAndShort): filter sign
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Pivot Prof MT4
Paul Anscombe
Advanced Support & Resistance Trading Made Easy... Get simple, effective trade opportunities with Pivot Prof and use the Support and Resistance   levels professionals use. Pivot Prof brings premium levels to the trader where the market is most likely to react, which is the very thing a trader needs to enter or exit the market, there is little point in trading in no-mans land, that gives the trader no edge whatsoever and leads to larger SL, larger drawdown, smaller TP and more risk. Pivot Prof is
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Broken Trends
Nikolay Likhovid
Broken Trends is an indicator for scalpers and intraday traders. The indicator selects and displays trend levels on the chart in the real time mode. The indicator reacts to price momentum: it starts searching for the trends as soon as the momentum amplitude exceeds the threshold set in a special parameter. The indicator can also play a sound when the price crosses the current trend line. In normal mode, the indicator shows only one (last found) upward and one downward trend, but there is an adva
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Price Line
Nikolay Likhovid
High, Low, Open, Close — isn't this too much? Sometimes you need a unique history of prices. But if choose one thing, you lose the rest. Smoothing also leads to data loss. Often you lose one of the most important market details: information about extremes. It is due to the preservation of information about the highs and lows, the correct "smoothing" for the history of price is a zigzag. But zigzags also have drawbacks — they do not provide intermediate values. The Price Line indicator solves thi
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HZZ
Nikolay Likhovid
This is a very fast and not redrawing ZiGZag; it supports switching the segments at breakouts of price levels located at a specified distance (H parameter) from the current extremum. MinBars parameter sets the depth of history for drawing the indicator; 0 means drawing on the entire history. SaveData parameter allows writing the coordinates of extremums to a file (time in the datatime format and price). Some statistics calculated on the basis of the ZigZag is displayed in the form of comments.
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Growing Bands Sh
Nikolay Likhovid
Do you use dynamic ranges (like Bollinger Bands or Envelopes) in your trading? A fixed period is usually used for such calculations. But is such approach relevant to the very nature of the market? In fact, the price chart consists of a series of successive processes - trends and flats. In this case, we can talk about the internal development logic inside a single process only. Therefore, the nature of the market is better described by dynamic ranges designed for the processes occurring "here and
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Forced Murrey Math
Nikolay Likhovid
Murray levels are popular among traders. You can easily find indicators for drawing the levels on the internet. The main difference and advantage of the Forced Murrey Math indicator is the execution speed. This makes it perhaps the best choice for use in Expert Advisors that require thorough testing and optimization on a long history of quotes. Also the indicator draws history, so it will be very useful for visual analysis of interaction of price with the Murray levels in the past. The method of
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Smart ZigZag
Nikolay Likhovid
Smart ZigZag indicator is a ZigZag, for which the market is actually not accidental. This is not mere words, as this can be confirmed by displayed charts comparing Smart ZigZag and HZZ parameters. But before I describe the screenshots, let's examine a few details concerning Smart ZigZag. This indicator analyzes the chart and identifies certain activity horizons assigning numbers to them. This can be called ranking. For example, M1 EURUSD chart from 4.01.1999 to 3.12.2013 has the average segment
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Growing Bands
Nikolay Likhovid
Do you use dynamic ranges (like Bollinger Bands or Envelopes) in your trading? Usually such calculations use a fixed period, but does it reflect the nature of the market? In fact, the price chart consists of a series of successive processes - trends and flats. In this case, we can talk about the internal development logic inside a single process only. Accordingly, the dynamic ranges built for the process occurring "here and now" suit the nature of the market better. The Growing Bands indicator u
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