OverlayChart PRO

What is the Overlay Chart Indicator?

The Overlay Chart indicator is exactly as its name suggests. It is a custom technical indicator which overlays another price chart over the current price chart window. It allows traders to overlay another currency pair over one pair which allows them to compare price movements and the characteristics of price action. It then plots a grid to indicate the price of the overlaid currency pair for better reference.

It also plots the open, high, low, and close price of the overlaid currency pair on the upper left corner of the price chart, just below the open, high, low, and close price of the main currency pair.

How the Overlay Chart Indicator Works?

The Overlay Chart indicator simply retrieves the price chart data of the chosen currency pair to be overlaid on the price chart from the broker’s server. It then plots the price chart of the chosen currency pair over the main currency pair. Based on the range of the price displayed by the overlaid currency pair, the indicator would then plot a grid that indicates the price levels.

It also uses the price data from the broker’s server as a basis for the open, high, low, and close price to be displayed on the upper left corner of the chart.

How to use the Overlay Chart Indicator for MT4

The Overlay Chart indicator has several options within its indicator settings that are very important for its use.

The “SubSymbol” field allows traders to modify what currency pair would be displayed on the price chart. It is done simply by typing in the currency pair that we would want overlaid.

The “BullBarColor” and “BearBarColor” fields allow traders to modify the color of the bars being overlaid.

The “GridColor” allows traders to change the color of the price grid.

“Mirroring” plots the price chart inversely. This is useful for inversely correlated currency pairs.


The Overlay Chart can be used to identify correlated pairs. For example, the EURUSD and GBPUSD pairs are correlated because of the US Dollar currency. These pairs would have similar price action characteristics.


It can also be used for inversely correlated pairs. For example, GBPUSD and USDCHF pairs would somehow be inversely correlated and would move in opposite directions because on one pair, the US Dollar is commodity currency, while on the other pair it is a term currency.

Traders can also confirm currency strength using this indicator. If the driving force of price action is due to a certain currency pair, the currency pairs with a common currency would usually have a strong correlation.

Conclusion

The Overlay Chart indicator may not be an indicator that provides technical indications pertaining to trends, momentum, and reversals. However, the information it provides is vital since it allows traders to identify which currency is driving the market. This is a competitive trading edge which traders can use to their advantage.


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The Cycle Identifier indicator for MT4 generates filtered price action signals to assist traders to identify when the conditions are right to open buy and sell positions. The Cycle Identifier MT4 indicator is a great choice of custom indicator for both short-term and long-term traders. The Cycle Identifier MT4 generates filtered price action signals to assist traders to identify when the conditions are right to open buy and sell positions. How it works The Cycle Identifier MT4 indicator display
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The 3rd Candle Forex Scalper indicator for MT4 is a true scalping indicator that works great for any time frame and pair. Key Points: A blue arrow represents a buy trade opportunity. A red arrow represent a sell trade opportunity. The indicator is very reliable, lightweight, and will not slow down your trading platform. How to trade with it? Open a buy position whenever the blue colored scalper arrow pops up on the chart. Open a sell position whenever the red colored scalper arrow pops up on t
The Obie Scalper indicator for Metatrader 4 is an easy to use Forex scalping indicator that delivers quick profits on the lower time frames. The indicator analyses the chart for quick scalping opportunities that may arise during the various trading sessions. The best results were achieved during the most volatile trading sessions (London & American). Naturally, the Obie Scalper indicator works on any time frame and currency pair of your preference. How to trade with it (example)? Open a buy sc
The Obie 1M Scalper Metatrader 4 Forex Robot is an automated forex trading software that takes advantage of 13 moving averages. Essentially, its use of multiple moving averages in formulating a logic that scans the market for buy/sell trade signals ensures that such alerts are increasingly accurate. Just as the name suggests, it is a scalping algorithm that works finest on the 1-minute time frame on major forex pairs like the GBP/USD, EUR/USD, USD/CHF, USD/CAD, etc. as well as stocks listed on N
The Pure Management Metatrader 4 Forex Robot is an algorithmic trader that is designed to take just 10 pips of profits during the day’s session. The EA deploys an algorithm that prioritizes the high probability of consecutive wins in a bid to find better results, thereby improving the expected payoff. The Pure Management expert advisor takes advantage of a money management technique that is based on a statistical data from history, along with the increasing of lots after losing a trade. The
ObieAlerts
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green up = buy red down = sell with alerts! that's how easy it is. --this indicator follows trend --based on moving averages and rsi and macd and pivot points --good for scalping and intraday trading and daytrading --works for swing --recommended time frame is 15m or 5m  contact me after purchase to receive a trading strategy with the indicator with another bonus indicator!
Next-Gen EMA/RSI + ATR Strategy with True Margin-Safe Execution Overview Signals w TP SL is a turnkey MetaTrader 4 Expert Advisor that combines classic EMA/RSI crossovers with dynamic ATR-based stop-loss and take-profit targets––plus an industry-first margin-safe lot sizing engine. Designed for any symbol and timeframe, this EA automatically adjusts position sizes to your account balance, never over-leverages, and only opens trades you can actually afford. Whether you trade EURUSD,H1 or XAUUS
Signals with TP SL Indicator — a powerful trading tool that combines EMA crossover , RSI filter , and ATR-based TP/SL levels to help you spot high-probability market entries. This indicator is built to visually support the Signals with TP SL Expert Advisor , but can also be used manually as a standalone confirmation tool for intraday and swing trading. Features: Buy/Sell arrows based on EMA crossover + RSI condition Real-time dynamic SL and TP levels calculated using ATR Plots arrows directly
This indicator is designed for scalping on low timeframes (M1-M15) in volatile markets like major forex pairs (e.g., EURUSD, GBPUSD). It generates non-repainting buy (green up arrow) and sell (red down arrow) signals based on EMA crossover confirmed by RSI momentum and MACD crossovers, minimizing false signals in ranging markets. How to Use: Attach the indicator to your MT4 chart. Look for arrows on the chart: Buy on green up arrow, Sell on red down arrow. Signals appear at the open of the new
Selling at 30$ for one week! The Obie Scalper Alerts indicator for MT5 is an excellent buy/sell rapid signals tool for scalpers and day traders alike. The signals are very easy to understand and they appear in the main chart window as blue and red colored dots. Buy & sell signal: A blue dot is a buy signal. A red dot is a sell signal. Feel free to experiment with the indicator’s different settings and input values. The indicator works equally well on all currency pairs (majors, minors and exot
Trend-following and non-repainting forex trading gauge. Its signals are calculated and provided in a totally automatic way and are based on moving averages intersections. It’s a newbie-friendly tool as these signals are presented in the form of simple buy/sell arrows. Nonetheless, signal reliability is really solid. You can use it in conjunction with any forex trading strategy. The Trend Signals Alerts Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the m
ObieTrader
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ObieTrader is a short term signals indicator. It is used for intraday trading. ObieTrader identifies the short term trend using Williams percent R indicator and average true range. When a short term trend is confirmed by the indicator, it plots semaphores on the bar to show the trend. Bars with red dots indicate downtrend and bars with blue dots indicate uptrend. When a trend is identified, open positions in the direction of the trend. When red circles appear open short position. When blue cir
Are you struggling with unreliable signals that flood your charts and cost you money? Want a powerful, easy-to-use indicator that combines three of the most trusted technical tools into one clear, no-repaint signal generator? This is it! Why Choose This Indicator? Triple Confirmation Strategy Combines EMA crossover, RSI momentum, and MACD histogram for reliable, high-probability signals. Reduce false entries and increase confidence! No Repainting Signals only on closed bars, so what you
TrendPulse EA — Your Smart Trend-Following Expert Advisor TrendPulse EA is a powerful and reliable trading robot designed to capture strong market trends with precision. Using a proven combination of fast and slow EMAs along with RSI filters, this EA identifies high-probability entry points and manages your risk with customizable stop loss, take profit, and trailing stops. Key Features: Dynamic EMA crossover strategy with RSI confirmation Smart money management with adjustable risk percentage Co
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