Technical indicators
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The Super Passband Filter 2.0 indicator for the MetaTrader 5 terminal is based on the John Eulers band oscillator whose task is to reduce latency. To do this, the indicator filters low and high frequencies to eliminate price noises in the final signal. For this purpose the Super Passband Filter 2.0 indicator uses two EMAs, added oscillator trigger points and RMS cyclic envelopes above the signal line. Super Passband Filter 2.0 signals a buy signal - when the band crosses the envelope upwards; sell signal - when the band crosses the envelope downwards. The Super Passband Filter 2.0 indicator has a number of advantages: the possibility to set any calculated period for EMA; the possibility to choose from...
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The Slide divergence arrow indicator is a further modification of the author's indicator $lide$, made by a user of the forexsystemsru.com forum with the nickname Elvis Burunduk. The original indicator gives three types of signals. The Slide divergence arrow indicator is focused on using one type - divergence. Using the same formula as the original indicator, Slide divergence displays divergences with colored lines and marks entry points with arrows. Divergence is a very powerful tool for identifying price reversals. Using the Slide divergence indicator solves the issue of their definition and visual demonstration, as well as points for opening trades. We recommend using the trade signals of the Slide divergence arrow indicator only after confirmation by other indicators or figures of technical analysis. Discuss...
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$lide$ is a custom indicator, developed by the user of forexsystemsru.com forum with the nickname Crossluck, which is designed to find the reversal zones. $lide$ indicator is a curved line drawn in the basement of the price chart. $lide$ indicator signals gives three types of trading signals: divergence; crossing the zero line of the indicator; peaks and troughs of the indicator line. According to the author, the $lide$ indicator shows the divergence very accurately, while the greater the difference between the price extremums, the more accurate and reliable is the signal. After the divergence point, the author recommends opening a position on the second candle. Download indicator $lide$ Discuss $lide$ indicator on the forum Other popular trading indicators
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Some traders are skeptical about volumes on the currency market. However, many traders use all sorts of volume indicators, using them to determine the beginning and end of trends, finding price reversal points, as well as support and resistance levels. The Volume By Last Day Median Correct Alert indicator is an excellent tool that determines the support and resistance zones with high accuracy. The Volume By Last Day Median Correct Alert has two parts: in the basement of the price chart it displays a bar chart where the color of the bars depends on the growth or decline in volumes; in the chart itself the indicator displays support and resistance zones. In addition, the indicator...
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ArgoLotCalculator v2.1 indicator is a trader's assistant in observing the rules of money management. The ArgoLotCalculator v2.1 indicator allows: determination of profit/loss size depending on deal volume; determination of deal volume depending on stop-loss order size (risk percent is set in the indicator parameters). How to use ArgoLotCalculator v2.1 indicator ArgoLotCalculator displays three lines on a price chart: opening price of a deal; Take Profit order level; Stop Loss order level. By moving lines with your mouse you can see how values of deal volume, as well as take profit and stop loss orders sizes in points and deposit currency will change in the information panel. ArgoLotCalculator v2.1 indicator is an indispensable tool not only for beginner traders, but...
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the InverseReaction indicator is built on the principle of the reverse movement of the price after its exceeding the volatility limits. In other words, the indicator shows when the price exceeds the set volatility boundaries, after which it is possible to assume a corrective pullback. InverseReaction Indicator Features The Confidence Coefficient parameter is used to control the volatility levels. By default, it is equal to the golden ratio. At the normal distribution of changes in quotations it works about 80% cases. Increasing this parameter will increase the reliability of signals, but reduce their quantity. Decreasing the parameter will increase the number of false signals. The MaPeriod parameter (by default 3) can be changed, but you should keep in mind that the memory of such economic behavior is very short, so when...
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The Gliding Channels indicator finds price extrema and builds moving channels according to the rules described by V. Barishpoltz. Barishpolz channels are built according to the last three extrema - the bottom line by two Low and parallel through the top, or vice versa, the top line by two High and parallel through the bottom. Please note that channels are built according to candlestick shadows. The price extremum is identified if there are at least two candlesticks before and two candlesticks after its passing. That is, a maximum requires at least two candles less than the maximum candle before, and at least two candles less than the maximum after. The distance between neighboring extrema is not limited. There are "group extrema".
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Lnx CCI indicator is a modification of the famous Woodies CCI indicator for MetaTrader 5, made by the author of many popular indicators mladen. The Lnx CCI indicator implements the correct implementation of the trend change rules (if you strictly follow the Woodies strategy, a yellow bar should appear on the bar preceding the trend change). In the Lnx CCI indicator the EMA and LSMA slopes (linear regression value) have been added. They are in the form of colored lines that provide additional information in decision making when the Woodies CCI is used (the original uses three separate indicators, but here is the all-in-one version). Note that the Woodies CCI system predominantly trades on 5-minute charts only. Thus, the default settings...
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Trading system rating script is designed for assessing the trading strategy efficiency. The data for evaluating a trading strategy can be presented in two forms: account history of the account where the script is running; report file. Trading system rating script can use report files of the following types: short report. By default, the terminal creates it under the name of Statement.htm. Detailed Report - DetailedStatement.htm. StrategyTester.htm. To estimate the report file, the existing file must be moved to the terminal directory MQL4\Files before launching the script, and its name must be specified in the second parameter. How to install indicators and scripts in MetaTrader 4 The efficiency of a trading strategy is estimated by the Trading system rating script using two methods:...
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The GAPs script is designed to collect statistics on price gaps on currency pairs, which are formed at the opening of trading on Monday. The GAPs script uses all available downloaded history for a currency pair and displays the following information on the price chart: the total number of history bars processed; the number of gaps from Friday to Monday; the maximum, minimum and average size of gaps; the number of bearish and bullish gaps; the number of hits in the 20%, 40%, 60%, 80% and 100% from the maximum gap. In addition, the GAPs script records data on all gaps (the date of the gap and its range), which is written in the file gaps.csv, located in the folder \ terminal MetaTrader4\MQL4\Files\. The file can be opened in...
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The Extended Regression StopAndReverse indicator is based on some popular and very useful programs, scripts and Expert Advisors. When started, the Extended Regression StopAndReverse indicator automatically detects the timeframe, calculates two types of regression on the current timeframe and calculates the RMS price deviation on that range. First of all, we need a straight golden line - a first-degree regression line showing the direction and state of the current true trend on the selected timeframe. It is clear that the greater the angle with the horizontal, the stronger the trend. Thus, we can draw some conclusions regarding the state of the currency pair on the basis of the current price position relatively to the regression line. For example, in the most general case if the ray is ascending and...
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EasySupplyDemand levels indicator uses ATR volatility indicator values to plot support and resistance zones on the price chart of a currency pair. In addition, the EasySupplyDemand indicator displays recommended levels of entry into the trade, based on the rebound from the support and resistance zones, as well as stop-loss (red line) and take-profit (green line) order levels. When you put the cursor on the line, a tooltip appears explaining what kind of line it is. Note, to eliminate confusion, the lines are grouped and each group has its own number. Of course, the EasySupplyDemand indicator can be used as a source of trading signals, but in this case erroneous entries are inevitable. We recommend to filter indicator signals with the...
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The S-RoC indicator is a Smoothed Rate of Change indicator. Its principle is described in Alexander Elder's book "How to Play and Win at the Stock Exchange". The S-RoC indicator calculates the exponential moving average EMA by Close prices and then determines its change rate. The results are displayed in the basement of the chart as a continuous line oscillating along the zero level. As we are dealing with oscillator, the rules for trading with oscillators can be applied to S-RoC indicator: if the indicator, being below zero line, turns up from a trough - buy; if the indicator, being above zero line, turns down from a peak - sell; divergence...
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Indicators using the Fibonacci sequence have long been popular among traders. However, many traders, especially beginners, have problems when plotting these indicators on a price chart. The Scale Fibonacci Arcs script is designed to solve these problems for the Fibonacci Arcs indicator in the MetaTrader 5 terminal. When you apply the script to a chart, it independently sets the correct scale of Fibonacci Arcs installed on the chart. Scale Fibonacci Arcs script is easy to use and, without any doubt, will simplify the use of Fibonacci Arcs in trading, making it more profitable. Download Scale Fibonacci Arcs script Other trading indicators for MetaTrader 5
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Stochastic Cyber Cycle indicator is a modification of Stochastic for MetaTrader 5 trading terminal, which eliminated its main drawback. Since the standard Stochastic indicator uses a fixed calculation period and does not adjust to the constantly changing market cycle length, it may not react to changes in cycles or volatility exhibited by the markets. In the Stochastic Cyber Cycle indicator the values are calculated not from the price series, but from the values of custom Cyber Cycle indicator, which allows to eliminate the disadvantage of the classical oscillator and adapt to the current market volatility. The Stochastic Cyber Cycle indicator is used in trading on the same principles as standard Stochastic or RSI indicators. Download the indicator...
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The Moving Average Envelopes indicator is a modification of the standard Envelopes indicator for the MetaTrader 5 terminal. The indicator plots a channel on the price chart of a currency pair, consisting of moving averages, which are shifted up and down relative to the central moving average. In the settings of Moving Average Envelopes indicator you can set the method of calculation of moving averages, its type, period, offset, as well as the timeframe, from which indicators will be displayed. How to trade using Moving Average Envelopes indicator Aggressive method: entering the market in case of price crossing the blue line Classical method: entering the market in case of price crossing the yellow line When the red line is crossed and the price returns, you can open positions on...
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News reader is an information tool, whose author is mladen, along with its simplicity, has many useful options and functions, and differs favorably from its counterparts. The options of the News reader indicator are setting the number of displayed events (not specified in the parameters, but for practical reasons it is limited to a minimum of 7 and a maximum of 40); duration of display in the list of events; settings of warnings (warnings will not start over and over again when the time interval or symbol changes or when restarting the terminal); settings for colors and lines and display "flags". Working with the News reader indicator is intuitive. All actions can be performed using the buttons available in the indicator...
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Indicator moving average, despite its shortcomings, is still one of the most popular trading strategies. iUniMA indicator is a unique opportunity for the trader to build on the chart any moving average available in the terminal MT 5. Indicator iUniMA allows to build the following types of moving averages: Simple; Exponential; Smoothed; Linear Weighted; AMA (Adaptive Moving Average); DEMA (Double Exponential Moving Average); FRAMA (Fractal Adaptive Moving Average); TEMA (Triple Exponential Moving Average); VIDYA (Variable Index DYnamic Average). In addition, when you put the cursor on the indicator line, the MA name, period, price type and other additional parameters are displayed, if they are used. Download the iUniMA indicator...
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The Shooting Stars indicator is designed to search for "Shooting Star" and "Hanging Man" candlestick patterns on the chart of currency pairs. In addition, the Shooting Stars indicator has a number of additional functions: after determining the pattern, the indicator shows a confirmation signal; it shows 5 unidirectional (bullish/bearish) candlesticks; adjust the number of bars on which the indicator graphic elements will be drawn (value 0 = all available bars); change the size of graphic elements; disable the alert and unnecessary graphic elements. The Shooting Stars candlestick pattern indicator can be used on any currency pairs and timeframes. However, we recommend using the indicator on timeframes H4 and above - signals about the appearance of candlestick patterns will appear less frequently, but their...
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The Zerolag Tema Bars indicator is a version of the popular indicator by mladen for the MetaTrader 5 terminal. Zerolag Tema Bars indicator adds some new features that were not available in MetaTrader 4 version. The indicator implements Heiken Ashi equivalents of regular prices, and adds one more extra to have the same values as the original indicator: Heiken Ashi average, which is calculated as (ha open+ha close+ha high+ha low)/4. In the Zerolag Tema Bars indicator the MTF mode is implemented, the system of alerts, the setting of display by bars or candlesticks, as well as the line visibility. Download Zerolag Tema Bars indicator Other popular trading indicators for MetaTrader 5
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