Technical indicators
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The Currency Slope Strength indicator is designed to measure the strength of currencies and, accordingly, determine the trend and entry point for it. To calculate the strength of a currency, the Currency Slope Strength indicator uses the algorithm of the TMA indicator. It is by the slope angle of the TMA lines that the Currency Slope Strength indicator determines the strength of the momentum. The indicator does not use the slope angles of the TMA channels directly, but converts them using its own algorithm, because the average TMA values slow down the reaction of the indicator. Since the indicator shows the strength of the currency, the reversal of the lines only means a decrease in the rate of growth, but not a trend reversal. That is, if the angle is greater than zero and rising, it means that the growth rate of price increases. Indicator reversal and...
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Figures Candle indicator is designed for searching and identifying candlestick analysis patterns. Figures Candle indicator finds the main candlestick patterns on the chart and signs their names. In this case, depending on the direction, an arrow will appear and each candlestick pattern will be marked with the corresponding color. It should be noted that the accuracy of candlestick patterns decreases with decreasing timeframe. Therefore, we recommend using the Figures Candle indicator on timeframes H4 and older. Download Figures Candle indicator Other pattern indicators
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The Pending Order Exhibited By Hand script is designed for placing orders when it is impossible to do so, for example, when the market is closed. How to use the Pending Order Exhibited By Hand script Specify in the script the trading direction (buy or sell) the order volume and stop loss parameters. As soon as the market opens, the order will be placed. Moreover, the script will bring the order to close. You can specify all trailing parameters right away, and once opened, the order will be followed by a trailing stop. There is one more function - virtual stop-losses. If stop loss or take profit is less than the stop level allowed by the broker, the script will control stop loss and take profit virtually and close the order at...
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The SpudStochastic Arrow indicator is built using the Spud thread principle and is an oscillator consisting of eight Stochastic indicators with different parameters. How the SpudStochastic indicator works When all the Stochastics come together and form a single thin line (threads are woven into a string), we are ready to trade. The string should form a top and turn in the opposite direction. It is at this time that we need to open a position. This peak must be located in an overbought/oversold zone or near the boundaries of these zones. Arrows appear at the moment when all Stochastics move out of the overbought/oversold zone. The entry signal is duplicated by a text alert. Download SpudStochastic arrow indicator Other Stochastic indicator modifications
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The Force-Volume-Divergence Arrow Indicator is based on 3 main components, which professional traders always use in their trading systems. Principles underlying the Force-Volume-Divergence Arrow Indicator Market Strength This is a very important aspect of technical analysis, which helps to recognize the emergence of a new trend. If the new trend has a high strength index, in many cases it allows the trader to take a good profit. When a new trend shows a low strength index, the subsequent trend is always unstable and opening positions can lead to losses. Thus, it is very important to be able to determine the strength of the trend before opening a trade. Trading volume Helps determine the strength and stability of the market trend. An uptrend is considered to be strong and stable,...
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The Daily Box information indicator is a tool that allocates candles on the chart within one trading day into separate boxes. At the same time, each trading day is signed and highlighted in a different color. The Daily Box information indicator is quite simple and informative, it can be used in any trading strategy and just for market analysis. The author of the indicator did not consider it necessary to provide a trader the opportunity to change the colors of the daily boxes. Nevertheless, having a minimal knowledge of the MQL4 programming language, you can do it yourself. Download Daily Box Indicator Other Information Indicators
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The Fractal Bands channel indicator is a modification of the standard Bollinger Bands indicator built into the MetaTrader 4 terminal. In the Fractal Bands indicator the bands are built according to the fractal method, which allowed increasing their width. In its turn, it results in decrease of false signals for entering the market and closing positions. The Fractal Bands indicator can successfully replace the standard Bollinger Bands in the trading strategies that imply trading in the channel. Its use will allow you to avoid false signals to open positions, thereby increasing the profitability of strategies. Download Fractal Bands indicator Other channel indicators
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The Stochastic-X8.4 vs Index + Matrix TT signal indicator is a development of Tankk, the user of forexsystemsru.com forum known as the author of several effective technical indicators. The Stochastic-X8.4 vs Index + Matrix TT indicator as well as its predecessors are discussed in this thread. The Stochastic-X8.4 vs Index + Matrix TT indicator has many built-in functions including a trend matrix (15 indices) and parameters which allow traders to customize the indicator according to their preferences. The signal function of the Stochastic-X8.4 vs Index + Matrix TT is implemented through the graphical display of arrows of the corresponding color and direction, sound and text alerts and email alerts. The Stochastic-X8.4 vs Index + Matrix...
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The MonEx Arrow Indicator is a fairly simple signal indicator based on a combination of a weighted price and the popular ZigZag indicator. In addition to coloring bullish and bearish candles and their shadows, the MonEx indicator displays signals for entry in the form of arrows of appropriate color and direction. The combination realized in the arrow indicator MonEx looks quite interesting and promising. If desired, the efficiency of the indicator can be increased by introducing new parameters and adding an alert system, by writing in the topic "Revision of bots (Expert Advisors, indicators)". Download MonEx Arrow Indicator Other signal and arrow indicators
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The Reversal Navi indicator uses the search for reversal bars to identify price reversal points and market entry levels. The Reversal Navi indicator shows on the price chart: Blue/red dot - shows that a reversal occurred; Blue/red arrow - reversal bar; Blue/red line - shows the middle of the range, which was formed after the reversal bar. Of course, the indicator Reversal Navi is not enough for a full-fledged entry into the market, so we recommend using it in combination with other indicators - ADX, RSI, MACD, etc. Download indicator Reversal Navi Other reversal indicators
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The MACD ColorHist Alert indicator is a modification of one of the most popular MACD oscillators. In the MACD ColorHist Alert indicator the bars of the histogram change their color depending on its direction: red bars - the histogram decreases; blue bars - the histogram increases. In addition the MACD ColorHist Alert indicator has a set system of alerts, which alerts the trader when the histogram changes direction, the histogram crosses zero line or the signal line crosses the histogram. According to the experts of fortrader.org magazine, the MACD ColorHist Alert indicator is one of the best modifications of the standard MACD oscillator. By replacing the classic indicator with its advanced version, you can increase the efficiency of trading strategies that use a combination of "trend indicator +...
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The FRASMA trend indicator, the name of which is an abbreviation of Fractally Modified Simple Moving Average, is a modified moving average, which applies smoothing using fractal analysis of current price changes. The FRASMA indicator accelerates during the trend and slows down during the flat, thus avoiding false signals. According to experts of fortrader.org, the trend indicator FRASMA can successfully replace the classic moving average, and using several indicators with different periods will allow you to build your own trending strategy. Download FRASMA Indicator Other Trend Indicators
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DZ Value chart indicator is a kind of oscillator, which displays overbought and oversold zones, built on volumes. The author of the indicator is the famous programmer mladen. The feature of the DZ Value chart indicator is that the overbought and oversold levels are dynamic, rather than static, which increases the accuracy of market entry. In addition, the DZ Value chart indicator has the ability to display arrows and supply sound and text alerts. According to the experts of fortrader.org, the DZ Value chart indicator is quite an interesting tool, which, in conjunction with the filtering indicators, can generate accurate signals for opening positions. Download DZ Value chart indicator Other popular oscillators
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BPNN Predictor indicator is an indicator belonging to the category of predictors. The BPNN Predictor indicator uses a neural network with three layers to predict future price behavior. The BPNN Predictor has three lines on the price chart: red - future price forecast; black - past opening prices that were used as expected outputs of the network during training; blue - network outputs obtained during training on the given input data. Additionally, the author has implemented another version of the indicator, which uses EMA-smoothing. Please note that the BPNN.dll library located in the archive for downloading is required for the full functionality of the indicator. According to the experts of fortrader.org magazine, before using...
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Arrow indicator HMA Color nrp & mtf & alerts + arrows 2 is a signal modification of the Hala moving average created by the famous indicator developer mladen. Indicator signals do not overdraw. Hal's moving average HMA is known for the fact that it eliminates lag - a typical drawback of moving averages. Also the HMA changes its color when it changes direction. The MTF function is implemented in the indicator, which allows displaying signals from any available timeframe on the chart. The arrow indicating the change of the indicator direction is duplicated by sound and text alerts. According to the experts of fortrader.org, the arrow indicator HMA Color nrp & mtf & alerts + arrows 2, as well as other indicators from mladen, will...
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How often have you encountered a broker widening the spread before important economic events come out? How can you avoid unnecessary expenses? The ShowImportantParams indicator will help you to overcome these and similar problems. The ShowImportantParams indicator shows five parameters of a currency pair and two parameters of the account, some of which can change when important economic news are released or before the close of the weekly session. The following parameters can be changed: Leverage - leverage, can change towards decrease. StopLevel - levels of stop loss and take profit (in points). At the release of important news and at the end of the session can be increased. StopOut - when this drawdown level is reached it is recommended to refill the balance or close some...
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The Percentage information indicator provides the trader with additional information on price changes. The Percentage indicator, as the name implies, displays on the price chart the monthly, weekly and daily price change as a percentage. Negative changes are shown in red and positive changes in blue. The indicator has the ShowPriceLabel parameter, which allows displaying the daily price rise or fall in percent: 0.5%, 1.0%, 1.5%, and 2.0%. According to the experts of fortrader.org, the information indicator Percentage, apart from helping in the analysis of price dynamics, will help in identifying oversold or overbought zones. Download Percentage information indicator Other information indicators
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Givonly SnR SnD r2 indicator is an indicator that displays horizontal support and resistance levels on the price chart. The indicator Givonly SnR SnD r2 draws support and resistance levels from the timeframes from H1 to W1, somewhat similar to the pivot levels. Supports are marked in blue, resistances - in red. Each level on the chart is signed. The experts of fortrader.org note that initially indicator readings were recalculated at each tick, which resulted in a noticeable slowdown of the terminal when installing the indicator at several charts. In the Givonly SnR SnD r2 levels indicator this disadvantage is eliminated, the calculation of levels is performed on each candle. Download indicator Givonly SnR SnD r2 Other indicators...
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Squeeze Break indicator is an oscillator, which is based on the strategy proposed in John Carter's book "Mastering the Trade". The main idea of the strategy is that markets tend to move from periods with low volatility to periods with high volatility and vice versa. The strategy aims to track the movement from low volatility to high volatility. The Squeeze Break indicator uses readings of the Bollinger Bands and the Keltner channel. The Momentum indicator is also used to make trades. Using Squeeze Break indicator in trading A positive green histogram means that the Bollinger Bands are outside the Keltner Channel and the market is slightly inclined to form a trend or increase volatility. The stronger this histogram is, the stronger the directional...
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MultiCharts informational indicator is a rather simple, but very effective tool for traders who trade on several trading pairs or use in trading the correlation of currency pairs. MultiCharts indicator displays price charts of five currency pairs specified by the trader in the settings in the basement. In addition, the charts support the setting of Heiken Ashi and moving average indicators, the OLHC prices and the current spread are displayed on the charts. According to experts of fortrader.org, the MultiCharts informative indicator will be useful for traders not only in the use of correlation, but also for the general analysis of the situation on the foreign exchange market. Download MultiCharts indicator Other informational indicators
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