Support and Resistance breakout signals
The advantage of this indicator of support and resistance lines over others is the ability to fine-tune search the parameters of fnding this lines.
You can configure settings:
1) Points on Line. The minimum number of points of highs or lows, lined up in one line - to find resistance and support.
For example, you want the inidcator to find lines formed by 3 points on one line, then there will be many such signals, but not all of them will be worth attention. Or you can use a more rigorous searching for lines consisting of 4 or 5 points on one line, then it will be few such signals, but they will be much more reliable.
2) Fractality. The fractality of extremums (highs and lows) is a parameter that determines how many candles on the left and
right should be lower the maximum, and how many candles on the left and right should be higher the minimum.
In other words, it is also the minimum distance between extremums, wich forming lines of resistance and supports.
3) Deviation from Line. This is the allowed number of price points of one of the points from the line.
As with any indicator, all signals should be considered as a recommendation, and the decision on the transaction you should to do by yourself. With your correctly set up of the indicator and with understanding trends and their reversal, this indicator will qualitatively improve the searching for price reversal points, and most importantly, will save you every day for a many hours of time, spending for you to search for trends, drawing lines, and it will constantly monitoring and informing you in time about the breakout point of the trend line.
For testing, it is better to use the method of "all ticks", so you will see the full operation of the indicator with all the arrows, because when it testing with the "open prices" method, the arrows are not drawn in all times (because of the feature of the method of determining price crossing the lines).
I recommend using trend lines, formered by 4 candles-extremums or more (Points on Line). A Deviation from the Line is better to be proportional to the spread on the traded instrument (and remember that 5 points in the four-digit price = 50 points in the five-digit price). In the settings preferably the principle: better a few high-quality signals, than a lot of low-quality.
I wrote this indicator to save many hours of daily work on viewing and plotting charts. And I have freed up a lot of time, now I come to the notebook only when I hear a signal - look and make a decision to enter into a deal or not. Wish you all successful trading!
This version of the Traders Dynamic Index has the redrawing of the historical data eliminated, the algorithm calculation speed optimized, more external parameters for a more precise adjustments, and its functionalities extended: added the selection of the initial oscillator and the smoothing methods of the averages. Parameters Mode Osc - estimation oscillator selection; Period Osc - the calculation period of the oscillator used; Price Osc - applied price for the oscillation calculation; Osc vo
Your friend when it comes to identifying strong trends. The algorithm used in this indicator takes input from the Parabolic Sar (PSar) and Supporting/Resistance levels. Helps you find best entry points for your trades after reaching a certain level, and easily identify where you can exit/re-enter your trades. This indicator can be used on all time frames and pairs. Features alert function. No need to set up the indicator. How to use: Simply attach to any chart. NB: Look for new trades when th
The Trend PA indicator uses Price Action and its own filtering algorithm to determine the trend. This approach helps to accurately determine entry points and the current trend on any timeframe. The indicator uses its own algorithm for analyzing price changes and Price Action. Which gives you the advantage of recognizing, without delay, a new nascent trend with fewer false positives. Trend filtering conditions can be selected in the settings individually for your trading style. The indicator
This indicator is a standalone trading system based on the analysis of complex of moving averages, as well as the range of Highs and Lows. This indicator allows to place pending orders for opening/closing a position at reasonable price levels, and also directly based on the signals of trend changes. The indicator displays signals on complete bars. Never repaints signal. The signals are confirmed by the price exceeding the High/Low of the bar the signal was shown at. According to the author's obs
"The trend is your friend" is one of the best known sayings in investing, because capturing large trendy price movements can be extremely profitable. However, trading with the trend is often easier said than done, because many indicators are based on price reversals not trends. These aren't very effective at identifying trendy periods, or predicting whether trends will continue. We developed the Trendiness Index to help address this problem by indicating the strength and direction of price trend
This indicator is another variant of the famous powerful indicator Fibonacci-SS https://www.mql5.com/en/market/product/10136 but has different behaviour in placing Pending Order and TP Line. Automatically places Fibonacci retracement lines from the last highest and lowest visible bars on the chart with: An auto Pending Order (Buy/Sell). Taking Profit 1, Taking Profit 2 is pivot point and Taking Profit 3 for extended reward opportunity. The best risk and reward ratio. Simple and powerful indica
The trend is your friend! This is what this indicator is all about. Follow this famous saying and be safe. Characteristics: Buy/Sell signals fixed on the close of a bar. Works on all symbols and all timeframes. Clear visual market trend laser line, Buy/Sell signal arrows, market strength meter, TP1 & TP2 boxes. Visual signals when to enter, when to exit the market. No repainting. Compatible with Flexible EA for trading automation. (Ask for a free set file optimized to perform 2010-2018) Para
The indicator shows the potential trend direction by cyclical-wave dependence. Thus, all the rays of the intersection will be optimal rays, in the direction of which the price is expected to move, taking into account the indicator period. Rays can be used as a direction for potential market movement. But we must not forget that the approach must be comprehensive, the indicator signals require additional information to enter the market.
is a trend indicator that shows the reversal and correction of a trend. This indicator consists of two combined and smoothed Exponential moving Averages using a special technique. When these EMA intersect with each other, the indicator changes its color. This allows you to visually determine the moment of the market trend change and trade on various scalping strategies. Manual settings of the indicator: MA1_Period - The period of the first indicator MA2_Period - The period of the second in
Taurus All4 Taurus All4 is a high-performance indicator, it will tell you the strength of the trend, and you will be able to observe the strength of the candle. Our indicator has more than 4 trend confirmations. It is very simple and easy to use. Confirmation Modes Candle Trend Confirmations: When the candle switches to light green the trend is high. When the candle switches to light red the trend is reverting down. When the candle changes to dark red the trend is low. Trendline Trend Conf
Universal Heiken Ashi Pro calculates Heiken Ashi candles with different smoothing methods. The indicator displays two series of Heiken Ashi candles with different parameters. The indicator generates signals along the trend in the direction of slow Heiken Ashi after correction of the fast Heiken Ashi. Then indicator shows statistics and trades for a certain period. Information dashboard The dashboard displays the following fields: Trades - trades count for a certain period; Win(%) - percent of
GTAS FidTdi is a trend indicator using combination of volatility and potential retracement levels. This indicator was created by Bernard Prats Desclaux, proprietary trader and ex-hedge fund manager, founder of E-Winvest. Description The indicator is represented as a red or green envelope above or under prices. How to use Trend detecting When the envelope is green, the trend is bullish. When it is red, the trend is bearish. Trading Once a trade is opened, GTAS FibTdi shows retracement zones
The indicator detects divergence signals - the divergences between the price peaks and the MACD oscillator values. The signals are displayed as arrows in the additional window and are maintained by the messages in a pop-up window, e-mails and push-notifications. The conditions which formed the signal are displayed by lines on the chart and in the indicator window. Indicator Parameters MacdFast - fast MACD line period MacdSlow - slow MACD line period MacdSignal - MACD signal line period MacdPri
A professional version of the ZigZag indicator for visualizing the structure of price movements by fractals. Fractal ZigZag fixes the flaws of the standard version of the ZigZag indicator MT4. It uses Price action and a unique filtering algorithm to determine fractals. Suitable for all types of trading. Ideal for trading according to the WM pattern "Sniper" strategy !!! Features Marks the place of price reversal during the formation of a new fractal with specified parameters. Suitable for
The trend detection indicator will compliment any strategy and can also be used as an independent tool. Recomedation for work with indicator #8 Benefits Easy to use; does not overload the graphic wih unnecessary information. The ability to use as filter for any strategy. Contains bult -in dynamic levels of cupport and resistange, which can be used both, for profit taking, and for settings up stop-losses. The indicator does not change color after the candle closes. It work on stock, index, oil
The MTF MA Trend indicator is an advanced model of the moving average indicator. With this indicator, you can follow the moving averge inductor in the multi time frame from a single graphical display. This indicator shows 7 different time zones on a single graphical display. This display is designed in oscillator style. It is also a new generation trend indicator. Features It can work in 7 different time zones. different color settings can be made for each time zone. each time zone has a level
Further development of the indicator. Created on the basis of moving averages. Clearly beats off entry points, shows lateral movements and trends. Added ability to connect alerts. It is also possible to manually configure the channel and automatic configuration. Settings: - bars- the number of bars processed by the indicator. If set to 0, processes all bars on the chart. - zone- set the zone of purchases and sales. If set to 0.0, automatic tuning. - period_MA- period of the moving average. - mo
The main idea of this indicator is rates analysis and prediction by Fourier transform. The indicator decomposes exchange rates into main harmonics and calculates their product in future. The indicator shows 2 price marks in history, depicting price range in the past, and 2 price marks in future with price movement forecast. Buy or sell decision and take profit size are displayed in a text label in the indicator window. The indicator uses another indicator as an engine for calculations - FreqoMet
Not a logical continuation of the ZigZag indicator series is an indicator cut to an absolute minimum. An important property of this indicator is that it will never redraw the value of a completed bar. Based on previous indicator algorithms, e.g. ( https://www.mql5.com/ru/market/product/37975 ). Parameters: Depth - is depth of search of a local extremum in bars; On minute calc - is switching ON/OFF of calculation on minute bar (it is switched off - calculation on each tic).
The indicator detects and displays 3 Drives harmonic pattern (see the screenshot). The pattern is plotted by the extreme values of the ZigZag indicator (included in the resources, no need to install). After detecting the pattern, the indicator notifies of that by a pop-up window, a mobile notification and an email. The indicator highlights the process of the pattern formation and not just the complete pattern. In the former case, it is displayed in the contour triangles. After the pattern is com
PABT Pattern Indicator - it's classical system one of the signal patterns. Indicator logic - the Hi & Lo of the bar is fully within the range of the preceding bar, look to trade them as pullback in trend. In the way if indicator found PABT pattern it's drawing two lines and arrow what showing trend way. - First line - it's entry point and drawing at: 1. On the high of signal bar or on middle of the signal bar (depending from indicator mode) for buy; 2. On the low of signal bar or on middle of t
The Zigzag Support And Resistance is an indicator for showing support and resistance zones based on the ZigZag extremums. Indicator Settings PrecalculateBars - the number of bars for the preview; SmoothPercent - smoothing of the levels as a percentage; LiveBars - lifetime of a level in bars; D1Depth - depth of the ZigZag indicator on the D1 chart; H4Depth - depth of the ZigZag indicator on the H4 chart; H1Depth - depth of the ZigZag indicator on the H1 chart; M15Depth - depth of the ZigZag
The Four Moving Averages Message indicator ( please see the description and video ), a version of Four Moving Averages , concurrently displays four Moving Averages with default settings in the main chart window: Green and Red ones represent a short-term trend, Red and Blue ones - mid-term trend, while Blue and Yellow ones - long-term trend. You can change the moving average settings and colors. However, these parameters have been configured so that to allow trading on all time frames. The built-
The BuySellAlert arrow indicator is developed based on the use of HMA, Laguerre, CCI, and ATR . The BuySellAlert arrow indicator: generates signals BUY and SELL ; displays recommended Take Profit ; displays recommended Stop Loss; displays current profit ; displays current spread. The indicator works in two modes-SWING and SCALPING. The operating mode is selected quickly using the buttons located in the indicator window. The profitability of the indicator is shown in the screenshot on the exa
Japanese candlestick analysis is one of the most used methods for determining a reversal or continuation of a trend. The Colored candles and patterns indicator can display the names of many famous candlestick patterns on the chart and signal when they appear. In addition, some candles, not being a specific model, have a strong tendency to continue the movement, or its turn. Using this indicator, you can see such candles - they are displayed in different colors. This indicator calculates the par
This indicator is developed by the author's algorithms, by long observation of the trend behavior in different situations. The indicator does not badly show the points of origin of long-term trends. The indicator does not need any settings as it determines the trend on automat. You just need to throw the indicator on the currency pair and it will immediately start working. The indicator arrows are not redrawn and are a buy / sell signal. The lines on the chart show the current trend direction.
Ozi Arrow is a unique indicator that can display signals in the direction of the main trend and counter trend signals. For calculations, the indicator determines a price channel. If recently the price was at its borders, and all conditions of additional filters are observed, a signal is displayed in the form of arrows. Ozi Arrow is suitable for any timeframe and any pair. The indicator signals do not disappear under any conditions. A distinctive feature is the presence of a trend filter. If the
The indicator displays renko bars on a chart, uses them to plot the fast and slow moving average and Stochastic, as well as it provides buy/sell signals: a buy signal is generated when the fast moving is above the slow one, and the signal line of Stochastic crosses the lower level from bottom up; a sell signal is generated when the fast moving is below the slow one, and the signal line of Stochastic crosses the upper level from top to bottom; Renko is a non-trivial price display method. Instead
WPR by Profile, or WPR for Professionals Geo_WprPro is one of the well-known currency profile indicators. It simultaneously displays two WPR indicators with different parameters in the matrix form on all timeframes of multiple currency pairs forming the currency profile . As follows from the description, " WPR is a leading indicator that often goes ahead of the price chart. The oscillator frequently reaches extreme values before the price reversal as if anticipating that event: it almost always
The True TMA channel MT4 is a channel indicator based on triple smoothed MA and ATR. It is a great tool for trading, which can be used both for channel trading and for channel breakout trading. A distinctive feature of this indicator is that it does not repaint. Therefore, this indicator can be used in your strategies without the fear that the signals will be changed. The indicator parameters Period - period of the indicator Price - Price for calculation of the TMA Method - Method for calculat