Technical indicators
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The Morning_Fibonacci indicator is based on the tendency of the price to break through the morning opening range and form a trend in the direction of this breakdown. The indicator consists of horizontal lines of different colors, which show possible supports and resistances after the breakdown of the morning flat. These levels represent a Fibonacci grid. It is considered that the end of the flat should be taken as the beginning of the European session. In this case the level 161, for example, is reached with the highest probability (4/5). The Morning_Fibonacci indicator plots the levels 161, 261 and 423 on the price chart. ForTrader.org comment: If you use strategies on the breakdown of the morning ranges in your work, you should add this indicator as an additional filter. Download the Morning_Fibonacci indicator
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Индикатор RCFMA зрительно напоминает MACD, для построения он использует три скользящие средние разных периодов. Таким образом, производится попытка охватить несколько трендов разной продолжительности. Сигнал на покупку появляется, когда быстрая скользящая средняя указывает на рост, т.е. красная линия индикатора RCFMA находится выше нулевой отметки, при этом гистограмма должна находиться в положительной зоне — среднее скользящее среднее находится выше медленного. Сигнал на продажу возникает в противоположной ситуации. Комментарий ForTrader.org: RCFMA – еще одна вариация на тему старых добрых скользящих средних. Если в вашей стратегии уже есть трендовый индикатор, то данный не покажет вам ничего нового. Скачать индикатор RCFMA
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The purpose of the XMA is the same as other moving averages - to indicate the presence of a trend. However, the XMA has its own unique distinction: following the price chart in a trend, it has an inclined position, while during the sideways movement XMA is at rest, drawing a horizontal line. This fact greatly simplifies the analytical assessment of the XMA. The signal for entry is the closing of the candle above or below the line indicator in the trend conditions (slanting position of the line). A position should be closed after the price has crossed the indicator line or after it has closed outside the line in the range conditions (horizontal position of the line). Comments of FotTrader.ru: We believe that this variant of sliding...
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Fractals are one of traders' favorite tools, often used to build trends and price channel lines. The Fine Fractals indicator allows you to see important extrema that the regular Fractals indicator misses. To work in a flat, the Fine Fractals indicator has added a shift function for a more accurate time of identifying an extremum. Comment of ForTrader.org: on the one hand, the Fine Fractals indicator shows us a greater number of extrema, but in a trend it can play a cruel joke, indicating an excessive number of unimportant supports and resistances. Download the Fine Fractals indicator
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The Extremum indicator can be used to build highs and lows of the price movement by applying a corridor of price volatility for a certain period. This will help to more accurately determine the moments of entering the market, improve the predictive accuracy of reversals. It is recommended to pay attention to the moments of volatility contraction - the indicator signal in this case more accurately determines the price reversal. ForTrader.org comments: In general, the Extremum indicator is very similar to MACD with some additions. Therefore if we impose, for example, a moving average on it, we will be able to obtain an additional signal filter. Download the Extremum indicator
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The graphical representation of the Parabolic_ZZZ indicator is similar to the popular Zigzag indicator - on the chart we also see "teeth" drawn along the extremes. The Parabolic_ZZZ indicator is based on the standard Parabolic SAR and has its settings. On the peaks of the presented waves, there are marks of the last price for clarity of use. Fibonacci levels are automatically built on the last two waves formed. The last line on the current chart is red - this is an unfinished wave yet. Comment of ForTrader.org: Parabolic_ZZZ indicator obviously was written by a trader for his own needs, since it clearly reflects the work of the trading strategy. However, it can be useful in trading as a visual tool, especially on high timeframes. Download Parabolic_ZZZ
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The MACD full indicator, as its name suggests, was created by the author for convenience, so it does not differ much from the standard MACD built into MetaTrader 4. The MACD full has slightly more trading functions and uses the SMA as a standard line instead of the exponential average. In addition, the indicator settings allow you to switch between the MACD histogram and MACD in linear representation. This is especially useful if you use several indicator variants in one window to save space. Comment from ForTrader.org: MACD full is an indicator created for ease of use, it will not bring any special changes in trading. Download MACD full indicator
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The DiNapoli Stochastic indicator is based on the traditional Lane stochastic that comes with the MT4 software package. DiNapoli Stochastic shows a smoother performance and therefore gives fewer false signals compared to the traditional oscillator. The smoothing technique leads to filtration of the most part of the "noise" component of the price movement. It is recommended to use the indicator together with the MACD(8, 18, 9) indicator. ForTrader.org Comment: The DiNapoli Stochastic indicator can be used in strategies oriented on the usual stochastic. However, a stronger smoothing can lead to the loss of a number of signals. Download the DiNapoli Stochastic indicator
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In the work of the trader from time to time there is a need to build indicators on the data of higher timeframes on lower, which leads to the effect of "staircase" due to the stretching of one value for several bars. This is usually done in intraday or short-term strategies to identify the strong levels of the day. The solution to this problem is the mechanism of "substituting" the last bar at a higher timeframe for the current bar of the selected time period. This principle is implemented in the indicator Proper MA for moving average. Using this principle, you can smooth or, in other words, properly "stretch" the construction of any indicators. ForTrader.org comment: In our opinion, the importance of the Proper MA indicator is exaggerated taking into account its real purpose.
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Indicator RSI Signals, as the name suggests, is based on the popular oscillator RSI and simplifies the work, displaying the signals it gives on the price chart. Signals indicator RSI in this case are the intersection of overbought and oversold zones. The red arrows above show sell signals (price exit from the "overbought" zone), blue arrows - buy signals (price exit from the "oversold" zone). The values of overbought and oversold levels in the RSI Signals indicator are set manually by the trader, depending on the timeframe, instrument and market type. In addition, it is possible to display messages about the indicator signals on the screen. Comment of ForTrader.org: As for many indicators of this type, the RSI Signals...
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The purpose of the MACD-RSI indicator can be guessed from its name. This indicator is nothing else than the RSI indicator superimposed on the MACD indicator. These oscillators alone give good trading signals, so they are used in a large number of strategies, and in combination, they display even more clearly the divergence, as well as price reversals at low time periods (M1, M5, M15). A crossover of the red MACD signal line and the blue RSI line is an excellent signal. The MACD-RSI indicator parameters combine all the values necessary for work: the first three are standard MACD parameters, the remaining two are values for setting the RSI...
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Everyone knows the moving averages, these indicators are the basis of many trend systems. The adaptive average or PeriodAdaptiveMA performs the same function, but is tied to the beginning of the selected period. The main parameter of the PeriodAdaptiveMA indicator is LargeTF, the timeframe that is taken as the base. The opening of a new candle on this timeframe will be the starting point for the formation of values of the adaptive average from the beginning. LargeTF can take on different values. It should be taken into account that if you select the current timeframe, larger or equal to the LargeTF timeframe, the PeriodAdaptiveMA indicator will not work, about what the trader will be notified with a special message. Comment of ForTrader.org: the indicator is a rather curious interpretation of the standard MA. However, it should be taken into account that with...
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How often do we trade and wait for the right price and miss the right moment when we go to get tea? The PriceAlert indicator is designed to fix the problem. It is based on a simple principle - a level is drawn on the chart and a sound signal is emitted as the price reaches the necessary quotation. The PriceAlert indicator can be set in color, line width and signal type. Once the price has passed the set level and the sound signal is activated, the mark becomes inactive. It is possible to add several PriceAlert indicators under different names to the price chart to track more levels. ForTrader.org comment: The PriceAlert indicator is a companion indicator for the convenience of the trader and can be replaced by pending orders when...
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It is known that the breakdown of the morning range often determines the trend direction throughout the day. Many intraday trading strategies are based on this principle. The MorningFlat_V3 indicator visualizes the morning range as two horizontal support and resistance lines on the price chart. The StartHour, EndHour, StartMinute, EndMinute parameters are set to calculate the indicator. However, the use of the MorningFlat_V3 indicator is limited to a single day - it is supposed to use the indicator for intraday trading. ForTrader.org comments: the MorningFlat_V3 indicator sets only the general price direction after the breakdown of the daily range, the entry signals must be additionally confirmed. Download the MorningFlat_V3 indicator
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Статистически доказано, что рынок довольно часто реагирует изменениями настроений на «круглые уровни» цены. Психологически человек настроен что-то менять, дойдя до круглого числа – начать худеть в понедельник, бросить курить 20-го, закрыть сделку на 1.6000. Индикатор RoundLevels как раз создан для этого. Он показывает «круглые уровни» цены на всем историческом диапазоне ценовых значений выбранной валютной пары. Кроме того у него есть возможность включить в анализ промежуточные уровни (например, 1,75). Индикатор RoundLevels строится с применением следующих параметров — ShowMidLevels, ShowMidLevels_W1 и ShowMidLevels_MN1, позволяющих отображать промежуточные уровни на графиках Daily, Weekly и Monthly. Комментарий ForTrader.org: индикатор RoundLevels – это дополнительный инструмент для «ориентирования…
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В основе графического индикатора PPZ Levels лежит поиск 4 фракталов, располагающихся на одной горизонтальной линии максимально близко друг к другу и образующие тем самым сильные уровни поддержки и сопротивления. Для поиска данных уровней индикатора PPZ Levels используется окно в Nbars баров. Начальное смещение окна задаётся параметром Nfirst. Также можно задавать минимальное расстояние между уровнями или фракталами. Недостатком индикатора PPZ Levels является медлительность — при количестве баров более 200 расчет может потребовать до 30 секунд. Комментарий ForTrader.org: не смотря на медлительность индикатора, он является довольно перспективным и успешным в работе. Однако доработка его требуется. Скачать индикатор PPZ Levels
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TrandValue - refers to the trend one. It can implement a wide range of trader's tasks, such as getting a signal to close a position. The main advantage of TrandValue is that it sends signals before the MA and MACD. Also, it can be used to filter counter-trend deals. The ATR is used in the calculation of the indicator, which makes TrandValue sensitive to the sideways range. This allows you to monitor price breakouts and open positions in time and profitably. Comment of ForTrader.org: TrandValue is a versatile indicator, which will certainly be useful in various tactics and strategies. Download TrandValue indicator
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The i3Indians indicator builds the "Three Indians" pattern on the chart, described by Linda Raschke and Larry Connors in the book "Secrets of Trading". The pattern is built using a zigzag, which simplifies the perception of information to open a trade. You must change the ZigZag color value if you need it to start working. The signal of the indicator i3Indians and the pattern "Three Indians" - three rising tops with an unchanged horizontal "bottom" line. Entry, in the author's opinion, should be made after the breakdown of the "bottom" line, not when the 3 tops appear, as with Raschke. Comment from ForTrader.org: The i3Indians indicator is a ready-made trading strategy, but with the need to check the signals, just like in any other tactic. If you are in...
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В основу индикатора RBVI положено свойство ночного рынка резко снижать волатильность из-за отсутствия активных торгов на биржах. Индикатор учитывает поток цен и волатильность (изменчивость) рынка, чтобы хорошо ориентироваться во флете. RBVI рекомендован для использования в экспертах, работающих в ночное время, в качестве замены расписания работы. Сигналы индикатора RBVI: если на 15-минутном графике значение индикатора менее 40%, рынок флетовый, если значение более 60% — замечено активное движение. Комментарии ForTrader.org: использование ночного бокового движения стало очень популярно у трейдеров в последнее время. Ограничение волатильности позволяет входить в рынок без особого риска больших потерь, поэтому индикатор RBVI решает проблему с «угадыванием» подходящего времени…
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The XSUM indicator is an oscillator, which shows the ratio between the closing prices of the candles of the selected exchange instrument. At first glance, it resembles a traditional RSI indicator, but it allows better smoothing of the curve due to the shift parameter. Like the RSI, the XSUM indicator gives overbought/oversold and divergence signals, which are useful for trend-following strategies. Comment of ForTrader.org: The XSUM indicator will be a good modern replacement of the RSI, if you use it in your trading. Download the XSUM indicator
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