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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
4.07 (14)
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   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 Cr
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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 Alligat
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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 (1)
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
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SFT Fibo Smart Zones
Artem Kuzmin
4.5 (2)
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  Sim
FREE
Traditional MACD MT4
Daniel Lewis
4.59 (56)
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
FREE
Trend Catcher with Alert
Issam Kassas
4.69 (49)
The Trend Catcher: The Trend Catcher Strategy with Alert Indicator is a versatile technical analysis tool that aids traders in identifying market trends and potential entry and exit points. It features a dynamic Trend Catcher Strategy , adapting to market conditions for a clear visual representation of trend direction. Traders can customize parameters to align with their preferences and risk tolerance. The indicator assists in trend identification, signals potential reversals, serves as a trail
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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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Day and Week separator is a very simple tool to show day and week separator lines from a specific time mentioned in the input. This is specially helpful for the trades who has time zone differences in their broker terminal. Let us take an example  If user know that at 7:00 in the chart his local time 00:00 then he will simply put 7:00 in the input . Separator lines will starts drawing from current day's 7:00 There is also a bold line for weekly separator
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VR Money Flow Free
Kenneth Parling
4.5 (2)
Introduction Virtual Money Flow free - Lightweight free trading robot based on Money Flow index. Orders set with ISL and take profit is virtual. Equipped with trailing stop and limited money management. How to? Any account type,leverage and time frame Works only on currency pair   EURUSD, optimizations needed in regualar intervals You can start with as low as   $20-50   based on leverage   500 This is  not  a   scalper and trades can therefore be less frequent, be patient! Limited contract size
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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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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, whi
FREE
HMA Trend
Pavel Zamoshnikov
4.6 (67)
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
FREE
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 indicat
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Pattern 3 Candles
aleksandr butkov
5 (4)
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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CAP Channel Trading
MEETALGO LLC
3.89 (120)
The CAP Channel Trading is a volatility-based indicator that makes use of the “advanced envelope theory”. These envelopes consist of two outer lines. Envelope theory states that the market price will generally fall between the boundaries of the envelope (or channel). If prices move outside the envelope, it is a trading signal or trading opportunity. Benefits of the Channel Trading Indicator CAP Channel Trading works with any asset It can be applied to any financial assets: forex, cryptocu
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TrendPlus
Sivakumar Subbaiya
4.08 (12)
Trend Plus   Trendplus  Indicator   Time Frame: Suitable for any time frame.  Purpose: Trend Prediction. Blue and red candle indicate the buy and sell call respectively. Buy: When the blue candle is formed buy call is initiated. close the buy trades when the next red candle will formed.   Sell: When the Red candle is formed Sell call is initiated. close the Sell trades when the next blue candle will formed.   Happy trade!!
FREE
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 = Cor
FREE
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 :  Aut
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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.
FREE
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
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O Afastamento da Média Móvel, é uma poderosa ferramenta de análise técnica projetada para fornecer uma representação visual do afastamento entre o preço atual e uma média móvel específica. Este indicador, desenvolvido para o MetaTrader, oferece aos traders uma perspectiva clara das mudanças na dinâmica de preço em relação à tendência de médio prazo. Versão MT5:  https://www.mql5.com/pt/market/product/111704
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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
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 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.
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