Exponential Range Average Deviation Offset MT4

This indicator was inspired by John Welles Wilder's average true range (ATR), but with some extra information. Similarly, it calculates the exponential moving average of the true range, but using the standard alpha weight instead of Wilder's. It also calculates the average deviation of the range average, and displays it as an offset. This helps not only identify a change more quickly, but also its impact.

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The standard Heikin Ashi candle representation has an open value that is equivalent to an Exponential Moving Average (EMA) of the Total Price , of which the alpha value of the EMA is fixed at 0.5 (equivalent to an EMA period of 3.0). In this dynamic version, the period can be changed to whatever value one wishes to use, which also allows one to approximate multi-time-frame analysis, or use the low or high value as a sort of trailing stop-loss. The crossing of the real Close price over the Heikin
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Follow The Line
Oliver Gideon Amofa Appiah
3.94 (16)
FOLLOW THE LINE GET THE FULL VERSION HERE: https://www.mql5.com/en/market/product/36024 This indicator obeys the popular maxim that: "THE TREND IS YOUR FRIEND" It paints a GREEN line for BUY and also paints a RED line for SELL.  It gives alarms and alerts of all kinds. IT DOES NOT REPAINT and can be used for all currency pairs and timeframes. Yes, as easy and simple as that. Even a newbie can use it to make great and reliable trades. NB: For best results, get my other premium indicators for more
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ATR Moving Average MT4
David Gitau Gakunga
4 (2)
ATR Moving Average   draws a moving average of the standard Average True Range(   ATR   ) in the same window. Settings Name Description ATR period Set Price per iod for ATR calculation   ATR level Set ATR value for thresholding( only whole number, ignore leading zeros e.g. 0.00089 = 89 ) MA Period Set moving Average Period MA Method Set moving average method( Simple, Exponential, Smoothed and Linear Weighted ) MA Shift Set moving average shift Enable Alerts ? Generate Alert when ATR Crosses
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Wise Men Indicator demo
Bohdan Kasyanenko
3 (2)
The indicator displays signals according to the strategy of Bill Williams on the chart. Demo version of the indicator has the same features as the paid, except that it can work only on a demo account . Signal "First Wise Man" is formed when there is a divergent bar with angulation.  Bullish divergent bar - with lower minimum and closing price in the upper half. Bearish divergent bar - higher maximum and the closing price at the bottom half. Angulation is formed when all three lines of Alligator
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PZ The Zone
PZ TRADING SLU
4.33 (3)
This indicator displays buy or sell signals according to Bill Williams' definition of the Trading Zone. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and understand Avoid trading flat markets Deterministic indicator with clear rules The indicator is non-repainting It implements alerts of all kinds It has straightforward trading implications. A blue arrow is a buy signal A red arrow is a sell signal According to Bill Williams trading in the zone helps to
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Very usefull expert advisor for ichimoku kinko hyo indicator. this expert advisor will notify you whenever there is a cross over/below the clouds or tenken sen  /kijun crossing. All Ichimoku traders know the importance and valuable signals when crosses done below or above the clouds or tenkan and kijun crosses. Now you will be alerted quickly to make benefits from the markets This will help you to be alerted for possible trade action. it will simplify your chart observation and be notified wtith
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Free automatic Fibonacci is an indicator that automatically plots a Fibonacci retracement based on the number of bars you select on the BarsToScan setting in the indicator. The Fibonacci is automatically updated in real time as new highest and lowest values appears amongst the selected bars. You can select which level values to be displayed in the indicator settings. You can also select the color of the levels thus enabling the trader to be able to attach the indicator several times with differe
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CCFp for MT4 Free
Norio Takahashi
5 (3)
CCFp (Complex_Common_Frames percent) is a measure of currency strength. Shows the total rate of change of “short-term moving average” and “long-term moving average” for each currency. Supports eight major currencies: USD, EUR, JPY, CHF, GBP, AUD, CAD and NZD. 1). Displays the currency name at the right end of the graph. 2). You can change the display color of each currency. 3). Moving average smoothing type (ENUM_MA_METHOD) can be selected. 4). Price constant (ENUM_APPLIED_PRICE) can be c
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SFT Fibo Smart Zones
Artem Kuzmin
4.67 (3)
The indicator displays overbought and oversold levels, calculating them using the Fibonacci golden ratio formula. It enables both trend-following and counter-trend trading, accommodating breakouts and rebounds from these levels. It operates on all timeframes, across various currency pairs, metals, and cryptocurrencies. Suitable for binary options trading. Key Features:  Based on the Fibonacci golden ratio  Shows overbought and oversold levels  Suitable for market and pending orders  Simple
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Traditional MACD MT4
Daniel Lewis
4.58 (55)
MACD indicator in MetaTrader 4/5 looks different than MACD does in most other charting software. That is because the MetaTrader 4/5 version of MACD displays the MACD line as a histogram when it is traditionally displayed as a line. Additionally, the MetaTrader 4/5 version computes the Signal line using an SMA, while according to MACD definition it is supposed to be an EMA. The MetaTrader 4/5 version also does not compute a true MACD Histogram (the difference between the MACD/Signal lines). This
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TequilaEA
Kun Jiao
1 (1)
TequilaEA Trading Strategy Documentation 1. Basic Information Name : TequilaEA Version : 1.0 Applicable Instrument : XAUUSD (Gold/US Dollar) Applicable Timeframe : M1 (1-minute chart) Developer : Tulip Financial Technology 2. Core Trading Logic This EA makes trading decisions based on a combination of technical indicators and price pattern recognition, with the following core logic: Trend Judgment Determine the overall trend direction using the MACD indicator (parameters 12, 26, 9): When MACD ma
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Mr Beast Sniper
Luis Mariano Vazquez Marcos
Asesor Experto "Sniper FX": Precisión Milimétrica para Tus Operaciones El asesor experto "Sniper FX" redefine la precisión en el trading automatizado al ofrecer un enfoque estratégico centrado en pocas, pero extraordinariamente precisas, entradas en el mercado. Inspirado por la agudeza de un francotirador, este asesor experto utiliza algoritmos avanzados para identificar oportunidades óptimas de compra y venta, maximizando el potencial de beneficios mientras minimiza la exposición al mercado.
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Extremum Reverse Bar
Yurij Izyumov
2.8 (5)
This indicator has been created for finding the probable reversal points of the symbol price. A small candlestick reversal pattern is used it its operation in conjunction with a filter of extremums. The indicator is not redrawn! If the extremum filter is disabled, the indicator shows all points that have a pattern. If the extremum filter is enabled, the condition works – if the history Previous bars 1 candles back contains higher candles and they are farther than the Previous bars 2 candle, such
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MA Cross Histogram Oscillator (MT4) The MA Cross Histogram Oscillator is a custom indicator designed to visualize the relationship between two moving averages in the form of a color-coded histogram. Instead of drawing standard MA lines on the chart, it highlights the strength and direction of the trend by comparing the difference between a fast and a slow moving average. Green bars – bullish momentum (fast MA is above slow MA and rising). Red bars – bearish momentum (fast MA is below slow MA and
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Email Drawdown Alert
Roman Starostin
5 (12)
Free informative Indicator-helper. It'll be usefull for traders who trade many symbols or using grid systems (Averaging or Martingale). Indicator counts drawdown as percent and currency separate. It has a number of settings: Count deposite drawdown according equity value and send e-mail or notifications to user if DD more than set; Sending e-mail when max open orders reached; Shows price and remaining pips amount before MarginCall on current chart and Account generally; Display summary trade lot
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Fibomathe for MT4
Almaquio Ferreira De Souza Junior
Fibomathe Indicator: Support and Resistance Tool for MT4 The Fibomathe Indicator is a technical analysis tool designed for MetaTrader 4 (MT4) that assists traders in identifying support and resistance levels, take-profit zones, and additional price projection areas. It is suitable for traders who use structured approaches to analyze price action and manage trades. Key Features Support and Resistance Levels: Allows users to define and adjust support and resistance levels directly on the chart. L
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Zigzag Extremum points
Oleg Popov
4.81 (32)
New version 8.00 is available. In this version, I tried to take into account the wishes of the user. Each of you can also take part in the improvement of this advisor. In the default settings, the adviser opens trades when the extremum point is broken       standard indicator       Zigzag. When the upper point of the zigzag extremum is broken, it opens a buy deal, and when the lower point of the zigzag extremum is broken, it opens a sell deal. In addition to the standard ZigZag indicator, which
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HMA Trend
Pavel Zamoshnikov
4.59 (69)
A trend indicator based on the Hull Moving Average (HMA) with two periods. The Hull Moving Average is an improved variant of the moving average, which shows the moment of trend reversal quite accurately. It is often used as a signal filter. Combination of two types of Hull Moving Averages makes a better use of these advantages: HMA with a slow period identifies the trend, while HMA with a fast period determines the short-term movements and signals in the trend direction. Features The movement d
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Trendline indicator
David Muriithi
2 (1)
Are you tired of drawing trendlines every time you're analyzing charts? Or perhaps you would like more consistency in your technical analysis. Then this is for you. This indicator will draw trend lines automatically when dropped on a chart. How it works Works similar to standard deviation channel found on mt4 and mt5. It has 2 parameters: 1. Starting Bar 2. Number of bars for calculation The   starting bar   is the bar which drawing of the trend lines will begin, while the   number of bars for c
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Scalping indicator. It takes into account volatility, price movement in the local interval and the direction of the current trend. Recommended timeframe - M5. Advantages: Low volatility when a signal appears ensures minimal movement against an open position. The indicator does not redraw its signals. There are alert signals. It is a great tool for day trading. Settings: Name Description Period Indicator period Range of each bar in the period (pp.) The maximum size of each candle in the indicato
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Pattern 3 Candles
Aleksandr Butkov
4.2 (5)
An Expert Advisor based on the 3 candlestick pattern. 1-SL, 2-TP, 3-OFF - 1 pulls up StopLoss. 2 pulls up TakeProfit. 3-disabled. auto SL / TP on hi-low count bars - number of bars for 1-SL, 2-TP expiration on profit - after passing N bars, TP changes expiration on loss - after N bars have passed SL to open an order + commission pips for loss expiration - the number of points for expiration on profit The rest of the settings are intuitive.
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Free version. Only works on EURUSD. Do you want to always know in a quick glance where price is going? Are you tired of looking back and forth between different timeframes to understand that? This indicator might just be what you were looking for. Trend Signal Multitimeframe shows you if the current price is higher or lower than N. candles ago, on the various timeframes. It also displays how many pips higher or lower current price is compared to N. candles ago. Number N. is customizable The dat
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PZ Penta O MT4
PZ TRADING SLU
2.33 (3)
The Penta-O is a 6-point retracement harmonacci pattern which usually precedes big market movements. Penta-O patterns can expand and repaint quite a bit. To make things easier this indicator implements a twist: it waits for a donchian breakout in the right direction before signaling the trade. The end result is an otherwise repainting indicator with a very reliable trading signal. The donchian breakout period is entered as an input. [ Installation Guide | Update Guide | Troubleshooting | FAQ | A
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Highlights trading sessions on the chart The demo version only works on the AUDNZD chart!!! The full version of the product is available at: (*** to be added ***) Trading Session Indicator displays the starts and ends of four trading sessions: Pacific, Asian, European and American. the ability to customize the start/end of sessions; the ability to display only selected sessions; works on M1-H2 timeframes; The following parameters can be configured in the indicator: TIME_CORRECTION = Correct
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Welcome to our   Price Wave Pattern   MT4 --(ABCD Pattern)-- The ABCD pattern is a powerful and widely used trading pattern in the world of technical analysis. It is a harmonic price pattern that traders use to identify potential buy and sell opportunities in the market. With the ABCD pattern, traders can anticipate potential price movements and make informed decisions on when to enter and exit trades. EA Version : Price Wave EA MT4 MT5 version : Price Wave Pattern MT5 Features :  Automatic
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SAAD TrendTracker
Adnan Iqbal
4.03 (34)
SAAD TrendTracker is a fully automated EA. It is based on mathematical algorithms Trend Tracker indicator and SAADScalper. The EA scalps pips by its strong Entry strategy based on SAADScalper. Trades that are not successful to scalp are handled in a different way of uniquely designed algorithm based on Trend Tracker indicator. EA is designed for M1, M5, M15 and M30. It consults daily chart for successful trading accuracy. It consults H1 to handle unsuccessful trades using Trend Tracker Indicator
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QuantumAlert RSI Navigator is a free indicator available for MT4/MT5 platforms, its work is to provide "alerts" when the market is inside "overbought and oversold" regions in the form of "buy or sell" signals. This indicator comes with many customization options mentioned in the parameter section below, user can customise these parameters as needful. Join our   MQL5 group , where we share important news and updates. You are also welcome to join our private channel as well, contact me for the pri
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EA Scalping Expert
Gerard Valldosera Gomez
3 (1)
This is a fully automated scalping Expert Advisor that can be run successfully using EURUSD currency pair at H1 timeframe. This EA can't run in the same account. If you want an Expert Advisor that trades daily this is not because it requires patience to wait for a few days or weeks on the right opportunity for it to trade. It takes advantage of the volatility of the price movement.
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MASi Impulse System
Aleksey Terentev
5 (1)
The implementation of the impulse system described by Dr. Alexander Elder. The indicator colors the bars according to the following pattern: Moving average and MACD histogram increase - green bar, it is forbidden to sell; Moving average and MACD histogram have different directions - blue bar, the ban is removed; Moving average and MACD histogram decrease - red bar, it is forbidden to buy. Indicator Parameters EMA - period of the indicator's moving average MACD Fast - period of the fast moving a
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The standard Heikin Ashi candle representation has an open value that is equivalent to an Exponential Moving Average (EMA) of the Total Price , of which the alpha value of the EMA is fixed at 0.5 (equivalent to an EMA period of 3.0). In this dynamic version, the period can be changed to whatever value one wishes to use, which also allows one to approximate multi-time-frame analysis, or use the low or high value as a sort of trailing stop-loss. The crossing of the real Close price over the Heikin
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The standard Heikin Ashi candle representation has an open value that is equivalent to an Exponential Moving Average (EMA) of the Total Price , of which the alpha value of the EMA is fixed at 0.5 (equivalent to an EMA period of 3.0). In this dynamic version, the period can be changed to whatever value one wishes to use, which also allows one to approximate multi-time-frame analysis, or use the low or high value as a sort of trailing stop-loss. The crossing of the real Close price over the Heikin
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This indicator is based on the original “ Time Segmented Volume (TSV) ” developed by Worden Brothers, Inc . However, I added an extra few features to this one. One can choose the price to be applied, instead of only having the default close price used by the original. One can also choose which volume weighting to use, including a pseudo-volume based on true range, or no volume weighting at all.
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This indicator implements the original “ Average True Range (ATR) ” developed by John Welles Wilder Jr. , as described in his book— New Concepts in Technical Trading Systems [1978] . It uses Wilder’s moving average , also known as the smoothed moving average (SMMA) , instead of a simple moving average (SMA) as used on MetaTrader’s built-in ATR indicator. The default period applied is 7, instead of 14, as per the description in his book.
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This indicator was inspired by John Welles Wilder's average true range (ATR) , but with some extra information. Similarly, it calculates the exponential moving average of the true range, but using the standard alpha weight instead of Wilder's . It also calculates the average deviation of the range average, and displays it as an offset. This helps not only identify a change more quickly, but also its impact.
FREE
This indicator implements the original “ Average True Range (ATR) ” developed by John Welles Wilder Jr. , as described in his book— New Concepts in Technical Trading Systems [1978] . It uses Wilder’s moving average , also known as the smoothed moving average (SMMA) , instead of a simple moving average (SMA) as used on MetaTrader’s built-in ATR indicator. The default period applied is 7, instead of 14, as per the description in his book.
FREE
This indicator is based on the original “ Time Segmented Volume (TSV) ” developed by Worden Brothers, Inc . However, I added an extra few features to this one. One can choose the price to be applied, instead of only having the default close price used by the original. One can also choose which volume weighting to use, including a pseudo-volume based on true range, or no volume weighting at all.
FREE
Most traders are aware of the famous Japanese Heikin-Ashi indicator, created in 1700s by Munehisa Homma . It is sometimes spelled Heiken-Ashi , but its meaning remains the same, namely “average bar” in Japanese. This is an implementation of that very well known Heikin Ashi indicator, but with a few added features. For one, it allows for its values to be weighted by the volume , be it the tick-count volume , real volume , or pseudo-volume based on the true range. The major benefit is to reduce th
This indicator is based on the original ZigZag provided as a source code example with MetaTrader installations. I rewrote it with some extra features for displaying the “depth” channel and the respective break-outs. It also allows one to observe prior zig-zag points. Optionally, it can alert the user when break-outs occur. The alerts can be simply on the terminal or also via push notifications on a mobile device, with your own custom text.
Most traders are aware of the famous Japanese Heikin-Ashi indicator, created in 1700s by Munehisa Homma . It is sometimes spelled Heiken-Ashi , but its meaning remains the same, namely “average bar” in Japanese. This is an implementation of that very well known Heikin Ashi indicator, but with a few added features. For one, it allows for its values to be weighted by the volume , be it the tick-count volume , real volume , or pseudo-volume based on the true range. The major benefit is to reduce th
This indicator tracks historical tick‑data and displays lines on the main chart for the highest Ask or the lowest Bid quotation prices. For those of you who have ever run a visual back-test using the modelling “Every tick based on real ticks” , you may have noticed that the Strategy Tester displays line graphs for the high Ask quote price and the low Bid quote price. Many find it annoying! However, some serious traders consider it highly informative—it helps evaluate the impact of the Spread on
This indicator processes historical tick‑data and tracks either the Spread in points (not pips), the Mid prices, the Ask or the Bid quotation prices, and displays the results in a sub‑window as OHLC candles. Charts on MetaTrader only show the bars/candles based on Bid quotes prices (or Last quote prices for certain types of symbols). However, that is not the complete picture as there is also the Ask quote prices to consider and the Spread between them. Every newbie trader has eventually discover
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