Keltner Channel is a well known indicator that not in MT4's indicators default lineup (You can get this from your broker somehow). This indicator helps you to define trend and sometimes overbought/oversold prices during flat trend.
EMAperiod: Moving Average period used for indicator. Must be higher than 1.ATRperiod: Average True Range period used for indicator. Must be higher than 1.multiplier: Multiplier used for determine channel's wide. Must be higher than 0 but may not...
BuySell Volume is an indicator that approximates Buy and Sell volumes based on price movement.
applied_model: Choose the applied model. In low reversal mode, price is considered receive low bearish pressure during bullish candle's creation (high bearish pressure on high reversal model. In other words, Bullish Marubozu candles has really high Buy Volumes in low reversal model than in high reversal one.
Buy and Sell Volume: Determines how many Buy and...
This indicator determines minimum volumes needed during a candle formed so that it would be higher than current volume's average. Although you can place MAs on your volume indicator, this indicator has non-repaint characteristic so you may not to worry about sudden volume increase. This indiator also draw volume indicator for its own.
period: Period used for indicator. Must be higher than 1.Output Description:
VolumeXover: This indicator's main feature. During the time...
This indicator maps price crossover with Simple Moving Average (SMA) for each candle. Works like a SMA but has non-repaint characteristic.
How to Use:
As stated before, this indicator works like a SMA. Use this to determine trend. When price is above this line then the uptrend is expected (downtrend if price below the line).2 of these indicator (with different periods) can also generate buy/sell signal like 2 SMAs. When the lower period SMA crosses higher period SMA from below, then buy...
Triple Exponential Moving Average Technical Indicator (TEMA) was developed by Patrick Mulloy and published in the "Technical Analysis of Stocks & Commodities" magazine. It works as the same as EMA. However, it provides smaller lags, even compared to Double EMA.
period: MA's period. Must be higher than 1.applied_price: Define the price to be applied. Use 1 of these integers.0 -> applied_price is Close price1 Open price2 High price3 Low price4 Median price5 Typical...
Double Exponential Moving Average (DEMA) is a well-known trend indicator. DEMA was developed by Patrick Mulloy and published in February 1994 in the "Technical Analysis of Stocks & Commodities" magazine. It is used for smoothing price series and is applied directly on a price chart of a financial security. Besides, it can be used for smoothing values of other indicators. The advantage of this indicator is that it eliminates false signals at the saw-toothed price movement and allows...
This indicator determine price volatility using correlation between Price and Time.
WARNING: Not suitable for 1M timeframe, you would not see any lines in this frame!
How to Use:
More closer the indicator's value to 0, the price is considered more volatile.When reversal is started, the indicator's value would be rise or fall significantly.During a strong trend, the indicator's value would be closer to 1 or -1, depends on current trend. Entry Signal:
BUY SIGNAL: Indicator crosses 0.2 from...
This indicator helps you to find overbought and oversold prices based on William %R.
Wperiod: Period for %R indicator.OverBoughtLevel: Define the overbought level for %R. Must in between 0 and -50.OverSoldLevel: Define the oversold level for %R. Must in between -50 and -100.middle_value: When true, indicator also draw the middle points between upper and lower line.shift: Set an additional offset to the indicator.
Set 0 and -100 as Overbought and Oversold...
Are you using Awesome Oscillator? Wonder at which High and Low prices this indicator colored Green? Red? This indicator helps you determine those limits.
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Yellow line is called Upper Line, and Red line is Lower Line.
In this case, last bar's AO color would be colored Green.
Both Open and Low Price above the Lower Line.Close price crosses the Upper Line from below.
In this case, last bar's AO color would be colored Red.
This indicator mostly inspired from BW-ZoneTrade custom indicator from MT5.
How To Use:
BUY when both dots colored Green.SELL when both dots colored Red.In addition to original one, MACD-OsMA-generated signal also can be drawn.Input Description:
MA_period_short: Faster EMA period for MACD. Applied when drawMACD is true.MA_period_long: Slower EMA period for MACD. Applied when drawMACD is true.MACDperiod: MA period for MACD. Applied when drawMACD is true.drawMACD: When true, draw an...
This indicator helps you to find price that may cause MACD Signal crossover on the current bar.. These crossover points are depicted in form of stars (like Parabolic SAR).
prevEMA line also helps you to decide the trend.
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How to use:
MACDSignalStars (Violet) stars displayed are the the prices that make the MACDmain = MACDsignal.
If the close price is higher than the star, then MACDmain > MACD signal.If the close price is lower than the star, then...
This indicator helps you to comfirm SMAs' crossovers by draw a signal line that determines SMA movement direction.
when Short SMA cross above Long SMA and Close price is above the signal several bars later, then uptrend is expected.when Short SMA cross below Long SMA and Close price is below the signal several bars later, then downtrend is expected.
MA_Period_short: Short-term SMA's period. Used for short-term PriceX. Must be higher than 1. MA_Period_long:...