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Hedge Pair


Hedge Pair

This indicator allows to observe a synthetically calculated spread between two pairs.
The main idea is to pick two pairs which have a strong and positive correlation, like EURUSD and GBPUSD, EURJPY and GBPJPY, AUDUSD and NZDUSD etc.
Once the spread line (lightgray colored line by default) goes way up high or down low, you can obtain a margin from the market by entering first pair long and second pair short or vice versae.
Exit point is when the spread line (lightgray colored line by default) reaches 0.


Strong positive correlation pairs usually move together, and this indicator shows their relative movement to each other and shows the difference (lightgray line). Ideally pairs should always move together and difference must be always at 0 value, but practically, as you may see, there are often times when the movement is not the same.
By using this indicator you can identify the moments when the pairs have a way big difference in their movement, which gives an opportunity to take profit.


You are free to make your own rules of entry and exit, the following servers as a standard exapmple:
1. When lightgray line goes above oversold (let's say 50):
1.1. Sell first symbol
1.2. Buy second symbol
1.3. Close all when lightgray line reaches 0.
2. When lightgray line goes bellow oversold (let's say -50):
2.1. Buy first symbol
2.2. Sell second symbol
2.3. Close all when lightgray line reaches 0.


You should avoid entering during high impact news.

You should calculcate how much volume to trade.
For example the EURUSD and GBPUSD pair both have same pipcost across all brokers.
So it's ok to trade them with same volume for EURUSD and GBPUSD, like 0.1 lot for each.
For other pairs you should calculate, you should search traders calculater for your broker and see if the chosen pairs have same pipcost.


  • Limit bars - limits of how much bars the indicator must calculate
  • Indicator period - a period for indicator
  • Symbol 1 - First symbol
  • Symbol 2 - Second symbol
  • Color 1 - coloring for first symbol
  • Color 2 - coloring for second symbol
  • Indicator color - coloring for spread line
  • Level 1 - Level 1 value
  • Level 2 - Level 2 value
  • Enable Alerts on levels cross - If set true, then will alert whenever level1 or level2 are crossed by indicator
  • Enable Alerts on zero cross - If set true, then will alert whenever zero level is crossed by indicator

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An indicator for receiving a lot of signals Can be used in all time frames and all markets Trade professionally  using professional indicators yourself . Using this indicator, you will have a signal at any time. Do not miss any market movement. Get the signal very simply and clearly. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- How it work:
125 USD
Blahtech Market Profile
Blahtech Limited
4.61 (18)
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
124 USD
Scalping Indicator Pro is a powerful indicator that works in trend as well as non trending market conditions. This indicator is perfect for scalp trades as well as swing trades. Scalping Indicator Pro is not just an indicator, but a trading strategy itself. It doesn't requires any additional indicators for the trading setup. Check out the indicator in action. [Video demonstration below] Why use Scalping Indicator Pro? Great for novice traders as well as experienced traders. Low risk entrie
199 USD
NAM Order Blocks
5 (1)
MT4 Multi-timeframe Order Blocks detection indicator. Features - Fully customizable on chart control panel, provides complete interaction. - Hide and show control panel wherever you want. - Detect OBs on multiple timeframes. - Select OBs quantity to display. - Different OBs user interface. - Different filters on OBs. - OB proximity alert. - ADR High and Low lines. - Notification service (Screen alerts | Push notifications). Summary Order block is a market behavior that indicates order collection
200 USD
Currency Strength Exotics
Bernhard Schweigert
5 (16)
CURRENTLY 20% OFF ! Best Solution for any Newbie or Expert Trader! This Indicator is specialized to show currency strength for any symbols like Exotic Pairs Commodities, Indexes or Futures. Is first of its kind, any symbol can be added to the 9th line to show true currency strength of Gold, Silver, Oil, DAX, US30, MXN, TRY, CNH etc. This is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. Imagine how your trading
128 USD
Xmaster göstergesinin yeni, daha doğru versiyonu. Dünyanın dört bir yanından 200'den fazla tüccar, en etkili ve doğru formülü elde etmek için bu göstergenin farklı kombinasyonlarının 15.000'den fazla testini bilgisayarlarında gerçekleştirdi. Ve burada size doğru sinyalleri gösteren ve yeniden boyamayan "Xmaster formül göstergesi forex yeniden boyama yok" göstergesini sunuyoruz. Bu gösterge aynı zamanda tüccara e-posta ve push yoluyla sinyaller gönderir. Her yeni tick'in gelmesiyle birlikte, 75'
139 USD
NAM Divergences
5 (1)
MT4 Multi-timeframe Divergence and Overbougt/Oversold detection indicator. Features - Fully customizable on chart control panel, provides complete interaction. - Hide and show control panel wherever you want. - Real time information about non-capitalized divergences. - Real time information about overbougt / oversold situations. - Real time information about regular divergences. - Real time information about hidden divergences. - Oscillators available for divergences detection: AO, RSI, CCI, M
499 USD
Trade with Gann on your side!! MASTER CIRCLE 360 CIRCLE CHART, originally created by Gann admitted that this is “The Mother of all charts”. It is one of the last studies that this great trader left for us. The numeric tab le is apparently quite simple like all the tables and is based on square numbers, the SQUARE OF 12 and is by evolution, one of the most important square numbers. Here we can find CYCLE, PRICE AND TIME thanks to angles and grades, to show past and future support and resistance.
149.99 USD
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals (except early signals mode) strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our custo
168 USD
CURRENTLY 26% OFF !! This indicator is a super combination of both our main indicators ( Advanced Currency Strength 28 and Advanced Currency IMPULSE with ALERT ). It shows Currency Strength values for TICK-UNITS and alert signals for 28 Forex pairs. 11 different Tick-Units can be used. Those are 1, 2, 3, 4, 5, 6, 10, 12, 15, 20, and 30 Seconds. The Tick-Unit bar in the sub-window will be shown and shifted to the left when there is at least 1 tick within the second’s timer.  With only ONE chart
148 USD
NO REPAINT ADVANCED CHART PATTERN INDICATOR By definition, a price ( chart)  pattern is a recognizable configuration of price movement that is identified using a series of  trendlines  and/or curves. When a price pattern signals a change in trend direction, it is known as a reversal pattern; a continuation pattern occurs when the trend continues in its existing direction following a brief pause. Advanced Chart Pattern Tracker is designed to find the MOST ACCURATE patterns. A special script is ad
350 USD
jmhuang 2020.05.17 18:51 

A very similar indicator can be had for FREE in MQL5.COM and ForexFactory.com and I would have saved USD200. In that respect, this indicator is overpriced.

İncelemeyi yanıtlayın
Sürüm 1.3 2021.10.12
Small update, fixed some errors
Sürüm 1.2 2021.08.18
Push notifications added
Sürüm 1.1 2019.12.18
New parameters added
Level1 - to manually set level 1
Level2 - to manually set level 2
Enable Alerts on levels cross - to make indicator alert whenever level1 or level2 is crossed by previous candle's indicator value
Enable Alerts on zero cross - to make indicator alert whenever zero value is crossed by previous candle's indicator value

Alerts added