The article provides a critical examination of regular divergence and efficiency of various indicators. In addition, it contains filtering options for an increased analysis accuracy and features description of non-standard solutions. As a result, we will create a new tool for solving the technical task.
This utility gives a signal when the price crosses the graphical object. Also shows the distance to the object from the Bid price. It is possible to use not only with built by hand but also with those that draw other indicators. Use the filters by type and name. Works with most of the available constructions Trend Line, Horizontal Line, Vertical Line, Rectangle, Channel, Fibo Channel, Fibo, Expansion, Andrews Pitchfork, Gann Line, Trend By Angle, StdDev Channel, Regression Channel. It is
Индикатор рассчитывается по оригинальной формуле и окрашивает свечи в зависимости от общей тенденции на рынке. Синие указывают на восходящий тренд, красные на нисходящий, желтые свечи указывают остановку или возможный разворот. На сильных уровнях или при резком развороте желтые могут не сформироваться но алерт все равно предупредит вас об этом. Достоинства данного индикатора это наименьшее запаздывание, сигнал подается еще вовремя формирования разворотного бара. Настройки: Length -
Most of traders agree that the current market state analysis starts with the evaluation of higher chart timeframes. The analysis is performed downwards to lower timeframes until the one, at which deals are performed. This analysis method seems to be a mandatory part of professional approach for successful trading. In this article, we will discuss multi-timeframe indicators and their creation ways, as well as we will provide MQL5 code examples. In addition to the general evaluation of advantages and disadvantages, we will propose a new indicator approach using the MTF mode.
The indicator paints the candlesticks in colors of volumes depending on the market situation. Along with candlestick coloring, you will receive alerts in the form of a regular alert. Red candles indicate the end or beginning of a downtrend or the end of a correction during an uptrend. Green candles mean the beginning or end of an uptrend or the end of a correction during a downtrend. Yellow candles represent the lack of interest on the market and a possible beginning of a flat. Blue ones have an
The article considers the classic method for divergence construction and provides an additional divergence interpretation method. A trading strategy was developed based on this new interpretation method. This strategy is also described in the article.
The indicator is based on the classic ADX. The main objective was to give it the appearance of a classical oscillator. Now the trend weakening signal is the appearance of yellow column of the histogram. Their appearance above the zero line indicates a weakening of the uptrend. Respectively, the appearance below the zero line indicates a weakening of the downtrend. The strengthening of the signal - blue columns. With all the advantages of the basic version, this solution facilitates its
The indicator displays the price range channel boundaries and, more importantly, the areas where the sentiments of different trader groups match. It is based on the author's vision of the behavior of traders inside the market, described in details in the blog ( https://www.mql5.com/en/users/argo/blog ). Between the red and blue dots is the congestion area, in the middle of which runs the white line of balance. Between the yellow and blue ones is the main channel of the price range. The main
This is a professional multi currency tool. Its main purpose is semi-automatic Forex trading following Elder's Triple Screen strategy. Its wide functionality and ability to quickly change some essential parameters makes it an ideal market interpretation tool, which is indispensable in the common trade analysis. Its main advantage is almost unlimited number of simultaneously analyzed instruments. If the potential technical limits of your monitor resolution allow, multiple indicators can be used
The indicator belongs to the "no stress trading" group. It is meant for trading any instruments and timeframes. We do not see "noisy" market movement, and it make the indicator particularly useful for intraday traders and those who trade several symbols simultaneously. Traders who set a value upon simplicity and high speed of the market mood interpretation will duly appreciate it. Such psychologically complicated task as holding an open position until the end of a trend and start of increasing
This tools is the first of a series of indicators which implement specific tasks for Forex Trading. All these tools have been developed after the creation and analysis of the universal ASTr_Pro indicator, created by a group of traders on the "all in one" principle. The detected regularities in the market behavior formed the basis of this series. AST_Light is similar to the very popular eASCTrend strategy. All materials on how to trade using this strategy are available on the Internet, so Ш will
The indicator is a ready-made trading system. It identifies all main market states (trend, pullback, flat) allowing you to enter the market at any time and use any methods and trading styles. There is no need to describe the indicator's operation principle, since the settings are self-explanatory. CCI is calculated based on smoothed price series. It has two main rows of dots, as well as an additional one and target levels in the form of lines. The candles can be colored depending on
The indicator tracks the market trend ignoring strong volatility and market noise. The product proved to be efficient both as a filter and an independent tool. I believe, a large description is not necessary here, since the screenshots are self-explanatory
The indicator draws an equidistant trend channel and adds Fibonacci levels (extension) by the last extremums. The indicator has plenty of settings that can be changed according to your strategy and trading style. Appearance is also customizable. For those who trade within a channel, the indicator displays inclined or inclined + side channels and defines the side channel's width in the terminal window. You can customize the set of Fibo levels according to your preferences. You also can
The indicator determines support/resistance levels over a chart area specified in "AllBars" parameter. The line width changes depending on the importance of the level (the number of fractals used to form it - by default 3, 5, 7, 10 - can be changed using the Width2Level parameter). The main purpose of the indicator is to reduce the amount of manual operation to the minimum and facilitate the market analysis. The number of the last bars taken into account is set using the "BarsActuality"
The indicator has been developed to enhance the features of Argo AO basic. However, according to the Market rules, "all indicators that are necessary for operation should be included in the product's resources". Therefore, I have had to modify it to let the product become an independent tool, though it has limited capabilities without "Argo AO basic". The indicator simplifies the wave labeling. Two labeling versions are provided (while only case #1 is viable with conventional АО). The beginning
This tool was inspired by a low period MA (3-9) crossover and standard deviation channel breakout frequently used in different strategies as entry signals (signals of the wave end or start). This indicator uses the change of a candlestick (bar) color to the opposite one as such signal. Scaling is done automatically depending on the number of visible bars. There is a possibility to enable the alert signal and a notification via email. The analysis of its performance has shown that it can