Technical indicators
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CandRelation allows you to track the relationship between the different parts of a candlestick in dynamics. The blue line corresponds to the share of the body in the total length of the candlestick, the green line to the share of the upper shadow, and the red line to the share of the lower shadow in the analyzed candlestick. The main purpose of CandRelation indicator is to illustrate graphically the candlestick patterns using linear indicators. ForTrader.org comment: it is hard to say whether the proposed displaying of candlestick patterns by the CandRelation indicator is more convenient than the standard one. This is most likely a matter of personal taste. Therefore, it is impossible to recommend whether to use it or not. Download CandRelation indicator
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The Wolfwave_nen chart indicator visualizes the pattern known as "Wolf waves", which was popularized by Linda Raschke in the book "Secrets of the Exchange". This pattern is built on 5 points in the way shown in the picture. Point 1 and point 5 are connected to each other and allow you to draw a line where the expected target is located. The lines of the Wolfwave_nen indicator are implemented on the same principle as the Zigzag indicator and simplify the perception of the pattern. Comment of ForTrader.org: The Wolfwave_nen indicator is an excellent implementation of Linda Raschke's trading strategy, on the basis of which you can build a good graphical trading strategy. Download indicator Wolfwave_nen
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Kwan is an oscillator based on calculations with RSI, Stochastic and Momentum indicators. By its nature, it traditionally indicates overbought and oversold levels set by the trader, and also colors the indicator in different colors, showing the upward and downward trend of the market. The signal for the ZigZag BETA indicator can be a change in the color of the line as well as its exit from the established levels. You can also combine both versions of these signals. ForTrader.org comment: The Kwan indicator is a good variant of the oscillator based on the strengths of standard indicators. Its invaluable advantage is also the fact that the indicator does not redraw, which means it does not change its trading signals. Download Kwan indicator
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Временной индикатор BarTimer визуализирует на графике шкалу, на которой показывается текущее положение свечи относительно ее времени открытия и закрытия. Назначение индикатора – более точный выбор моментов входа в позицию. Если совсем просто, то индикатор BarTimer показывает, как много времени осталось до закрытия свечи. Понятно, что каждый из нас может посмотреть на часы и оценить время закрытия, однако если вы работаете сразу с несколькими таймфреймами, запутаться не сложно. Комментарии ForTrader.org: BarTimer — очень удобный и наглядный индикатор . Подойдет для любой торговой стратегии, особенно для высоких временных периодов или работе с несколькими ТФ. Скачать индикатор BarTimer
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ZerolagStochs indicator implements all the functions of an oscillator, while combining two oscillators of different periods, which allows you to achieve a more complete picture. Like traditional oscillators, the ZerolagStochs indicator has the "overbought" and "oversold" areas, but in some cases, the signal for a deal can arise a little earlier than when using a single oscillator. Also the signals of ZerolagStochs indicator can be interpreted according to the usual strategy of crossing two moving averages with high and low periods. The ZerolagStochs oscillator parameters are external, which allows for their flexible adjustment. However, you should know that all parameters are quite strongly related to each other, so you need a more detailed approach...
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Support and resistance levels traditionally occupy a significant place in a trader's arsenal. Hardlevels indicator simplifies the task of finding and constructing support-resistance lines. It is possible to use several timeframes, multiple settings, different options for drawing levels. There is also a filter for visualization of significant levels. As you can see from the screenshot, the Hardlevels indicator has the ability to select different line colors, which allows you to customize the indicator to your individual preferences. ForTrader.org Commentary: Like many similar indicators, Hardlevels will be useful for any trading strategy. Learning strong support and resistance levels is always useful. However, it is necessary to accurately understand the algorithm for calculating these lines in order to apply them correctly in trading. Download Hardlevels Indicator
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Most trading strategies are focused on the dollar exchange rate, so traders occasionally have the need to analyze the dollar index in its pure form to see the general direction of the American currency. Some companies provide such a tool (DXY) for trading and analysis, for those who do not have the dollar index in MetaTrader 4, and there is a graphical indicator DXY: Dollar Index. In addition to the dollar index, the indicator DXY: Dollar Index also draws two moving averages for convenient analysis. The index is calculated on the basis of the EURUSD, USDJPY, GBPUSD, USDCAD, USDSEK, USDCHF currency pairs, so it is necessary for your broker to provide quotes for these pairs, to calculate the...
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Индикатор AllPivotPoint аккумулирует в себе несколько самых популярных методик расчета уровней Pivot point. Данные уровни отображаются в окне индикатора не все вместе, варианты построения можно задать при помощи внешнего параметра TypePivot: 0 – Classic — классические, простые и самые популярный уровни Pivot point; 1 – Fibonacci — уровни Фибоначчи; 2 – Camarilla – также довольно известные Pivot — уровни; 3 – Woodie — уровни поддержки и сопротивления; 4 – DeMark — предсказатель дневных High и Low. Стоит обратить внимание, что воскресенье можно не учитывать при расчете уровней индикатора AllPivotPoint на следующий день. Для этого нужно задать необходимое значение параметру weekend…
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The Multy8 indicator is a graphical display of quotes of 8 different instruments, the names of which are set as input parameters. It should be understood that the Multy8 indicator requires 9 quotes histories, so its work is resource and time consuming, especially if the selected currency pairs were not previously viewed by a trader. Therefore, at the first download it is possible incorrect display of the indicator and it will be necessary to restart it several times. Also it should be noted that the selected instruments must be open in the "market overview" window. Comment of ForTrader.org: The Multy8 indicator is interesting to work on multicurrency strategies, based on comparing the movements of several currency pairs. In other cases it will only significantly load the...
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TrendlessOS — доработанный и несколько измененный индикатор по книге Джо ДиНаполи «Торговля с применением уровней ДиНаполи». Данный индикатор был разработан для наглядного отображения моментов реальной перекупленности и перепроданности рынка. Джо ДиНаполи, описывая данный индикатор, предлагал использовать линейную его форму с выставлением необходимых уровней 60%, 80% и 100% уровня перекупленности/перепроданности, но гистограмма с цветными элементами более наглядно демонстрирует текущую динамику, и в этом преимущество индикатора перед стандартной версией. Сигналами индикатора TrendlessOS является появление цветных баров в гистограмме. Зеленая линия – пересечение уровня 60%, синяя – 80%, красная – 100%. Комментарий ForTrader.org: индикатор TrendlessOS удобен в использовании, если вы применяете торговую стратегию Джо…
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Мастер-класс: торговые стратегии на практике — стратегия 5 В справочнике к Метатрейдеру в описании индикатора Williams’ Percent Range (Williams’ %R) нашел занятную фразу. Цитата: «У индикатора Williams’ Percent Range есть любопытная способность загадочным образом предвосхищать ценовые развороты. Он почти всегда образует пик и поворачивает вниз за определенный промежуток времени до того, как цена достигает пика и поворачивает вниз. Точно так же Williams Percent Range обычно образует впадину и заблаговременно поворачивает вверх». Конец цитаты! После нее возникло желание разобраться, как эта «любопытная способность» попала в простую математическую формулу индикатора: %R = (MAX (HIGH (i — n)) — CLOSE (i)) / (MAX…
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A steady trend in the market is a time when literally EVERYTHING works. Whatever trend indicator you take, whatever price model you use, there will always be profits in a good trend. But after every trend, there comes a flat, which begins to "devour" the profits earned during the trend. We continue to open in the direction of the old trend... and we break through the peaks, but they just break through, and then go back to flat. This is exactly the period we will talk about below. Of course, we will talk about the flat indicators or oscillators (from Latin oscillatio - oscillation). In a nutshell, an oscillator is an indicator that oscillates (swings)...
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Master-class: Trading strategies in practice. Strategy 10 When studying stock trading and trading systems in particular, we are used to distinguishing two states in the market: a trend and a flat. Based on the knowledge of which of them prevails in the market, a trader makes a decision to "turn on" one or another system. For example, a trend following system - to work in a trend with wide stop-orders or without them, and with even larger TakeProfits. Or counter-trend - to work in a flat, triggered when the price approaches a significant level of support or resistance. Such a system assumes a relatively short Stop Loss and Take Profit, i.e. exit the market when the price approaches the opposite border of the flat. However on...
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The overbought/oversold oscillator or Detrended Oscillator of the famous trader Joe DiNapoli is another tool for calculating overbought/oversold zones of the market. This indicator, as well as several others, has an advantage - its p/o levels will always be dynamic, i.e. they will depend on the market volatility. You will learn about the features of this dynamism in our article. About the use of the Detrended Oscillator for market exits in the book "Trading using DiNapoli levels" is enough, but how to use it to enter the market, there is not a single word. But we do not need it yet for the simple reason that for...
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Мастер-класс: Биржевые технические индикаторы. Индикатор 4 Индекс относительной силы, индикатор RSI — один из наиболее популярных осцилляторов, созданных Уэллесом Уайлдером. RSI измеряет относительное изменение самых высоких и самых низких цен закрытия. Диапазон изменения осциллятора составляет от 0 до 100. Различают следующие зоны на графике осциллятора: — зона «перекупленности» — значения от 75 и выше — считается оптимальной для продажи. — зона «перепроданности» — значения от 25 и меньше — считается оптимальной для покупки. При сильных движениях тренда зоны «перекупленности» и «перепроданности» составляют 80 и 20, а при боковом движении цены — 70 и 30 соответственно. Формула расчета значений индикатора RSI…
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The indicator is fresh and colored Multi Pair 16 indicator is very fresh, it was written in January 2011. It actually represents a kind of poster in a chart window showing: - the currency pair name; - brief information of MA and MACD, - plan of future movement "up and down"; - confident inscription of necessary actions of a trader - "Buy or Sell"; - percentage of currency pair growth. Of course, this indicator could still be described, but as the proverb says "See once" (see Fig. 1). Fig. 1. The Multi Pair 16 Indicator on the chart. If you look at Fig. 1, you will immediately...
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Many traders actively use levels known as Pivot points. The strategy takes its roots from the traders of the "trading floor", which with the help of pivot point identified potential turning points within the day. Indicator SDX-TzPivots-alert allows you to build such levels with an accurate visual representation on the chart. Additional parameters of the SDX-TzPivots-alert indicator are the time zone of the MetaTrader 4 trading server (LocalTimeZone) and the time zone of the trading session for which you want to calculate levels (DestTime Zone). Comment of ForTrader.org: SDX-TzPivots-alert indicator is convenient for those traders who are actively building pivot levels manually, to facilitate their work. In other cases, it can be used as a supplement to the strategy. Download SDX-TzPivots-alert indicator
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Normalized Volume is a market volume indicator, which is made for the main purpose of filtering false signals, which inevitably occur during a sideways movement of the market. The basis of this strength of the indicator Normalized Volume is to work with the volume and price, and the theory that the emergence of strong trend movements are usually accompanied by an increase in market volumes, so the indicator Normalized Volumе laid down filtering low and high volumes. If the signal to open a position appears above the horizontal line "1", the price movement is strong enough and the breakdown can be regarded as true. Comment from ForTrader.org: The principles of the Normalized Volume indicator are especially useful in breakout or rebound strategies, because they allow you to avoid unnecessary drawbacks....
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The HLCrossSig for WPR is a trend indicator, which independently determines the market entry and stop order levels for a trader. The HLCrossSig for WPR is based on the combination of standard MetaTrader 4 indicators. Like any trend indicator, HLCrossSig for WPR has a disadvantage in the appearance of false signals on a sideways market, so choose a more volatile currency pair and strictly follow the money management rules. In the case of a clearly false signal, it is recommended to reconfigure the parameters. The signal to open the indicator HLCrossSig for WPR is the appearance of red or blue arrows. Orange crosses indicate the levels of stop orders. Comment of ForTrader.org: The HLCrossSig for WPR...
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The Bands+Fibo_True indicator is based on the same principle as the Bollinger Band. However, this modification of the indicator uses the average trading range (Average True Range) instead of the standard deviation. The external lines of the Bands+Fibo_True indicator are obtained by Fibonacci extensions 1.618, 2.618 and 4.326. Thus, this version of the indicator allows not only to trade on the pullback from the boundaries of ranges, but also to work with an actual breakdown of these boundaries, setting the targets for the price movement. Fortarder.ru comment: Bands+Fibo_True is not a bad graphical indicator, it can serve as a channel indicator for breakout and rebound strategies. You can also use it to find strong support and resistance levels. Download the Bands+Fibo_True indicator
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