BDB First Wiseman for MT4
Bearish/Bullish divergent bar.
One of the signals of the "Trade Chaos" system of Bill Williams. (First wiseman)
When bar moving away from the "Alligator" indicator and there is divergence on the Awesome Oscillator indicator, it shows a potential point of movement change.
It is based on the opening/closing of the bar, the position relative to the previous ones, the Alligator and AO.
When trading, the entrance is at the breakthrough of the bar(short trade - low of bar, long trade high of bar), and stop loss is placed at the extreme point of the bar.
For more effective development of the system, read and see the materials of Bill Williams.
In the settings you can choose the color and Characters of Wingdings.
Arrow indicator, to determine adjustments and local trends The arrow appears on the current bar and after closing the bar will not disappear. Allows you to enter the transaction at the very beginning of the movement Thanks to the flexible settings you can use on any currency pairs, metals and cryptocurrency Can be used when working with binary options Distinctive features Does not redraw. Additional parameters for fine tuning. Works on all timeframes and symbols. Suitable for trading c
This indicator is based on the standard MACD indicator, but showing the changes up and down colored. It is a nice assistance to visualize our Expert MAGIC MACD. MAGIC MACD MT4: https://www.mql5.com/en/accounting/buy/market/41144?period=0 MAGIC MACD MT5: https://www.mql5.com/en/accounting/buy/market/41151?period=0 Inputs in the Indicator: Fast EMA: standard is 12 Slow EMA: standard is 26 Signal: depending on what you want to see. For the MAGIC MACD the standard is 1 in common settings: Fixe
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This is ExitPoints's version of the MACD (Moving Average Divergence Convergence) indicator. The MACD has been widely used for decades by financial analysts as a momentum indicator. This version has been normalized to expand the analysis characteristics of the indicator. Since the pattern of the MACD is preserved and only the scale has been normalized, a trader can use all the pattern recognition usage built in to the MACD such as trend changes and reversals. The indicator can be used effectively
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