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OverlayChart PRO

99.99 USD

Demo downloaded: 12

Published: 11 July 2022

Current version: 1.0

OverlayChart PRO

Indicators
Obaida Kusibi
Version: 1.0
Activations: 5

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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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

49.99 USD

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

399 USD

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

99.99 USD

The Gann High Low Activator Metatrader 5 forex indicator was explained in the 1998 issue of Stocks & Commodities Magazine by Robert Krausz. The technical indicator represents a Simple Moving Average (SMA) of the prior N periods’ low or highs. The curves of the highs and the lows are adequately tracked using the Gann High Low Activator indicator. Nevertheless, the close of the bar is what determines which of them that gets plotted. The indicator pops up on the chart as a dual colored line (or

49.99 USD

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

49.99 USD

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

49.99 USD

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

49.99 USD

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

49 USD

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