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Price CD HBT

Description

Price CD HBT (Price Convergence/Divergence High Bottom Top) is a innovative universal analytical bears indicator of convergence/divergence between financial instruments. The indicator is the first out of the two possible versions (HBT and HTB) of the bearish convergence/divergence origins.

Due to its multiple use feature, the indicator allows you to find convergences/divergences between the price of main financial instrument and other financial instruments simultaneously.

Users can select the sell graphical symbol and its width, as well as the color of convergence/divergence lines.

The indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrument is unknown (does not exist).

The indicator is not a lagging one. It works by ticks and is able to show convergence/divergence in the symbol's window even if there is no separate window with another financial instrument used for search. This allows you to open additional windows with any other indicators for a joint analysis.

As an option, the indicator can notify of a new signal using the graphical sell symbol instead of convergence/divergence lines.

In most cases, convergence/divergence is considered to be confirmed if it takes the form of a line with a graphical symbol remaining on the chart.

Searching of convergence/divergence on one financial instrument means searching of levels of support/resistance!

Attention: Since the indicator is downloaded, graphical symbols are displayed in the main window only after a new convergence/divergence signal appears (unlike convergence/divergence lines). Graphical symbols are not displayed for the past periods (before the indicator was downloaded).

For plotting of lines of convergence/divergence in a separate window the indicator identifies one of any eleven custom indicators (pls. see input parameters) in the presence.

The indicator's operation is displayed in the attached video with sharing of indicators: Bollinger Bands, Fibo Levels, Price Levels.

The indicator can notify of the appearance of a formed signal by playing an audio signal and sending an e-mail, as well as display the time remaining until the end of the formation of the current bar in the format of <d:h:m:s, where:

  • < - the current bar.
  • d - days.
  • h - hours.
  • m - minutes.
  • s - seconds.

Example of the e-mail notification:

  • Subject: Price CD HBT Signal
  • Message: Signal,M1 - Bearish Convergence between EURUSD and EURUSD - 2014.08.06 10:18:00


Purpose

The indicator can be used for manual or automated trading within an Expert Advisor. For automated trading, use the indicator buffer of the double type:

  1. Sell signal - buffer 0, must not be zero.


Input Parameters

  1. Currency_Name - name of financial instrument.
  2. Bars_Number - number of bars for calculation.
  3. Base_Indicator - basic indicator code (the parameter will be activated and used in case of custom indicator presence):
  4. Arrow_Symbol - graphical sell symbol type (recognizes one of the eight user-defined symbols, see the screenshot):
    • 68
    • 72
    • 159
    • 218
    • 222
    • 226 (by default)
    • 234
    • 242
  5. Arrow_Width - graphical symbol width (allowable values - 1, 2, 3, 4 and 5).
  6. Sound_Mail_Numbers - number of sound and e-mail notification on two last bars.
  7. DrawLine - display of convergence/divergence line.
    • true - draw the lines (by default).
    • false - do not draw the lines.
  8. Convergence - calculating convergence or divergence:
    • true - convergence (by default).
    • false - divergence.
  9. Ideal_Searching - searching convergence/divergence in non-ideal conditions:
    • true - ideal search conditions (by default).
    • false - non-ideal search conditions.
  10. Play_Sound - enable/disable sound notification.
  11. Show_Time - displaying time remaining until the formation of the current bar.
  12. Send_Mail - enable/disable e-mail notification.
  13. ConvLevelColor_1 - color of the convergence line in the main window.
  14. ConvLevelColor_2 - color of the convergence line in the additional indicator window.
  15. DivLevelColor_1 - color of the divergence line in the main window.
  16. DivLevelColor_2 - color of the divergence line in the additional indicator window.


Recommendations

Except above-mentioned basic indicators for confirmation of force of a signal of the indicator, and also definition of a financial instrument for open/close position, the indicator is recommended to be used together with any other analytical tools, for example such as: Reversal Bars, Inside Bar, Long and Short Candlesticks, Main Candlesticks, Impulse System, Bearish Convergence/Divergence HBT, Bearish Convergence/Divergence HTB, Bollinger Bands and others.

Before operation of the indicator updating of historical data on financial instruments is necessary!
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Custom Ultimate Sniper Dashboard MT4 Once you purchase, send a message to my inbox for manual. Are you tired of missing out on profitable trades because you can't keep up with market movements? Look no further because the Custom Ultimate Sniper Dashboard is here to help. This EA upgrade to the original Ultimate Sniper Dashboard indicator is specifically designed for users of the Meta Trader 4 (MT4) platform, and it packs a punch with its impressive arsenal of 98 algorithms. These algorithms wo
News Trapper EA
Noha Mohamed Fathy Younes Badr
5 (6)
Hi, all.  News trapper EA It is an expert for trading very safe expert  put Settings interest rate only or high impact news for Automated Trading on the news of the economic calendar. It shows stable trading during last 10  years. EA doesn't use dangerous technologies like martingale, grid. The Expert is very simple to use. The program contains flexible settings In the terminal settings, you need to add the news site to the list of allowed URLs. Click Tools >Options > Expert Advisors. Check th
Exp Averager
Vladislav Andruschenko
4.79 (19)
Exp-Averager  is designed to Average your trades that have received a certain drawdown by opening averaging trades. The advisor has the ability to open new positions in on trend or against the current trend.  It also includes a smart trailing stop feature that applies to a series of positions.  The advisor can increase or decrease the lot size of the positions.  This is a widely used strategy for bringing losing positions to the average price.        MT5 version Full Description +DEMO +PDF  
TakePropips TradePad Pro
Eric John Pajarillaga Aldana
5 (4)
TakePropips TradePad Pro  (MT4) includes a powerful trade manager, equity protection, currency strength meter, account reporting tools, risk management tools, and more! It is the perfect companion for manual traders and prop-firm traders. It is one of the most advanced forex trade manager and trade assistant that you will ever come across! It is the perfect solution for traders who wants a more efficient way of managing trade transactions. You can download the user manual and installation guide
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Description A universal colored multicurrency/multi-symbol indicator of moving averages: Moving Average, Double Moving Average, Triple Moving Average . The indicator is drawn in a separate window, so below the main trading chart a user can see the development of another financial instrument. It is very useful when considering the combined values of various moving averages for different financial instruments below the main trading chart.  The indicator may be used with any broker, irrespective of
The indicator detects the following types of Japanese candlesticks: Doji, Hammer and/or Hanging Man, Shooting Star and/or Inverted Hammer, Spinning Top, Maribozu. The indicator is intended for manual and/or automated trading within an Expert Advisor. There is a possibility to choose colors for bullish and bearish candlesticks. For automated trading, use any indicator buffer of the double type: 0, 1, 2 or 3, whose value is not zero!
The indicator is intended for detecting big (long) and/or small (short) candlesticks. There is possibility of coloring the bullish and bearish candlesticks. The indicator can be used for manual and/or automated trading within an Expert Advisor. The indicator data that can be used for automated trading can be taken from one of four buffers of the double type: 0, 1, 2 or 3. Values must not be equal to zero. 
The indicator of DeMark fractals. The indicator can be drawn on the basis of price data and on the basis of a moving average. There is a possibility to color the up and down fractals. The indicator can be used for manual and for automated trading within an Expert Advisor. For automated trading, use any indicator buffer of the double type: 0 - up fractals, 1 - down fractals! Values of the buffers must not be equal to zero.  A moving average is drawn on the basis of input parameters: Calc_Method 
Stochastic Global
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Description A universal colored indicator Stochastic. The rising and falling lines and the levels of the indicator can be colored.   The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following nineteen other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distribution of volume. OBV - On Balance Volume. Volume - tick volume indicator. AC - indicator of acceleration. AO
Description A universal colored indicator MACD Histo. The rising and falling of the indicator histogram can be colored.   The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following twelve other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distribution of volume. OBV - On Balance Volume. Volume - tick volume indicator. Force - Force Index indicator. MFI - Money Flow
Description A colored universal indicator MACD Line (MA convergence-divergence indicator, shown as a histogram). The rising and falling of the indicator histogram can be colored. The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following twelve other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distribution of volume. OBV - On Balance Volume. Volume - tick volume i
RSI Global
Igor Semyonov
Description A universal indicator RSI together with moving averages based on it. Depending on the need, moving averages can be disabled. You can color the indicator lines and levels: lines of RSI, moving average lines and thresholds of overbought and oversold levels.   The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following eighteen other indicators included in the standard package of the MT4 terminal: AD - an indicator of accu
CCI Global
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Description A universal indicator CCI together with moving averages based on it. Depending on the need, moving averages can be disabled. You can color the indicator lines and levels: lines of CCI, moving average lines and thresholds of overbought and oversold levels.   The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following eighteen other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicato
Description A multi-purpose multi-colored/multi-symbol indicator, which is a set of standard tools from the MetaTrader 4 terminal. The difference is that below the basic price chart it allows to calculate and build in a separate window any of the twenty indicators in a colored form, painting bulls and bears in different colors, for any financial instrument in accordance with the list below:  AD - an indicator of accumulation and distribution of volume. OBV - On Balance Volume. Force - Force Inde
AO Global
Igor Semyonov
Description A colored universal indicator AO (Awesome Oscillator). The rising and falling of the indicator histogram can be colored.   The indicator can be calculated as the standard one or as a derivative on the basis of the following eleven other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distribution of volume. OBV - On Balance Volume. Volume - tick volume indicator. Force - Force Index indicator. MFI - Money Flow Index. ATR
Description A colored universal indicator MACD Classic (MA convergence-divergence indicator) that combines two indicators: MACD Line and MACD Histo. The rising and falling lines, the signal line and the indicator histogram can be colored. The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following twelve other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distributio
Description The universal colored multicurrency/multisymbol indicator MACD Classic, consisting of two MACD indicators: MACD Line and MACD Histo. The indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrument is unknown (does not exist). Inputs Currency_Na
Description A colored universal indicator/oscillator based on crossing moving averages. The rising and falling lines of the indicator histogram can be colored. The combined use of the line and the histogram increases the level of the analysis when making a decision to open or close deals. The indicator can be calculated as the standard Price Oscillator or as a derivative on the basis of the following eleven other indicators included in the standard package of the MetaTrader 4 terminal: AD - an i
Description A universal colored multicurrency/multi-symbol indicator RAVI. Was proposed by T. Chand as a trend indicator. RAVI means Range Action Verification Index. The indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrument is unknown (does not exist).
Description A colored multicurrency/multisymbol oscillator of the market mood. The oscillator is designed for detecting the continuation or change of the market mood prior to its occurrence. An excellent example is the screenshots that show all the features of the oscillator. The oscillator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a fin
Inside Bar
Igor Semyonov
Description The indicator determines the appearance of internal bars on the chart, and paints them in accordance with the bullish and/or bearish mood. The indicator can notify of the appearance of a formed internal bar by playing a beep, as well as display the time remaining until the end of the formation of the current bar in the format of <d:h:m:s, where: < means the current bar. d - days. h - hours. m - minutes. s - seconds. The bullish and bearish mood can be colored. Inputs Sound_Play - a
Description The indicator determines the appearance of the bars that signal of a reversal of current local moods and plays a beep. It also paints these bars in accordance with the bullish and/or bearish priority. You can select the color for bullish and bearish moods. Inputs Sound_Play - a flag that allows the sound notification. Use Detection of the reversal bar can be a signal to perform appropriate trading activities.  The indicator can be used for manual or automated trading in an Expert
Description The indicator determines the appearance of bars that notify of the reversal of the current trend, and paints them in accordance with the bullish and/or bearish mood. The indicator can notify of the appearance of a formed reversal bar by playing a beep, as well as display the time remaining until the end of the formation of the current bar in the format of <d:h:m:s, where: < means the current bar. d - days. h - hours. m - minutes. s - seconds. You can select the color for bullish and
Description A universal colored indicator of moving averages: Moving Average, Double Moving Average, Triple Moving Average . The indicator provides various opportunities for the analysis of prices based on different ways of constructing moving averages in the window of the main financial instrument. You can color bullish and bearish moods. Inputs MA_Type - type of multiplicity: Moving Average. Double Moving Average. Triple Moving Average. MA_Period - the MA period. MA_Method - the averaging me
Description A colored universal multicurrency/multi-symbol indicator Bollinger Bands to be drawn in a separate window below the main financial instrument. The rising and falling line of the main indicator and Bollinger Bands can be colored. The indicator can be calculated based on one of the eleven basic indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distribution of volume. OBV - On Balance Volume. Force - Force Index indicator. MF
Description A colored universal multicurrency/multi-symbol indicator Channel to be drawn in a separate window below the main financial instrument. The indicator uses the calculation method of the Price Channel indicator. The rising and falling line of the main indicator and the Channel lines can be colored. The indicator can be calculated based on one of the eleven basic indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distribution o
Keltner Channel
Igor Semyonov
5 (1)
Description Keltner's colored channel indicator,also called STARC band, drawn in the main chart window. The indicator uses the calculation technique of the three drawing options: basic, improved and modified . The first two were proposed by Keltner, the third one - by a successful trader L. Rakshe. You can also search for your own best parameters of the indicator. The upper, middle and lower bands can be colored. The indicator includes the basic analytical tool of the market moods by Keltner. Th
Description A colored universal multicurrency/multi-symbol indicator ZigZag to be drawn in a separate window below the main financial instrument. The indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrument is unknown (does not exist).  The indicator can
Description A colored channel indicator Price Channel to be drawn on the main chart of a financial symbol. It can color bullish and bearish moods based on the middle line of the indicator, as well as change the color of the upper and lower lines of the channel. Purpose The indicator can be used for manual or automated trading in an Expert Advisor. Values of indicator buffer of the double type can be used for automated trading:  The middle line of the indicator - buffer 4. The upper line of the
Description Candlesticks is a colored multicurrency/multy-symbol indicator. It shows a financial instrument as a candlestick chart in a separate window below the chart of the main financial symbo. The indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrume
Description Candlestick Tools  is a colored multicurrency/multy-symbol indicator. It shows one of four standard indicators as a candlestick chart in a separate window below the chart of the main financial symbol. The indicator is calculated based on one of two indicators included in the standard package of the МetaТrader 4 terminal: CCI - Commodity Channel Index. RSI - Relative Strength Index. The default indicator is Commodity Channel Index. The indicator may be used with any broker, irrespecti
Pivot Pro
Igor Semyonov
Description Pivot Pro  is a universal color indicator of the  Pivot Points  levels systems. You can select one of its three versions:  Standard   Old , Standard New  and  Fibo . The system will automatically calculate the  Pivot Point  on the basis of market data for the previous day ( PERIOD_D1 ) and the system of support and resistance levels, three in each. It can also display price tags for each level. You can color the indicator lines. Only a method of calculation of the third level of supp
Description The indicator is intended for labeling the chart using horizontal levels and/or half-round prices. The indicator works on any financial instrument regardless of the name and the number of digits. A user can choose colors for the indicator lines. Input Parameters Calc_Method - method of calculation of the lines: levels of round prices. levels of half-round prices. Digits_Accepted - flag for calculating the levels according to number of decimal places in the quotes of a financial ins
Description A colored universal multicurrency/multi-symbol indicator MACD Line Smart (the indicator moving average convergence divergence is displayed as a histogram) based on double or triple moving average .  Comparing to the standard MACD this indicator is more sensitive to what allows generating advance signals. he indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a
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Version 1.23 2020.04.03
Updating and interface improvement
Version 1.22 2014.09.08
Eliminated the error of unloading the indicator from the chart.
Version 1.21 2014.08.22
New version of the indicator has the improved sound and e-mail notification options.