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The Fibo Bar levels indicator builds a grid of Fibonacci extensions on the price chart of the currency pair, using the last closed bar for this purpose. When a new bar appears, the levels are redrawn. In addition to the graphical settings of color and thickness of lines, the indicator Fibo Bar has the parameter Last Bar for Fibo, which can be used to set the timeframe, the last bar on which will be used by the indicator to build Fibonacci levels. Indicators based on Fibonacci principles have always been effective and enjoyed steady success among traders. Fibo Bar indicator can be used in any trading strategy to determine entry and exit levels of positions, as well as to analyze the current situation of the currency pair. Download...
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Arrow indicator RSX MA - arrows built on the basis of crossings of the indicator RSI and moving average. At the same time to trade takes into account only those crossovers that are outside the boundaries of certain levels, which reduces their number but increases their quality. Note that the arrow indicator RSX MA - arrows do not redraw their signals, the arrow appears on the current bar, but is fixed only on the first formed. The arrow indicator RSX MA - arrows is the default setting for the EUR / JPY on the M5 time frame, so to trade on other timeframes and currency pairs to select the settings by experience. Download RSX MA Arrow Indicator - arrows Other...
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Arrow indicator ATR HiLo Channel Arrows TT, whose author is already known to our readers forum user forexsystemsru.com with the nickname Tankk - a channel built on the basis of High and Low prices with an extension by ATR. The position signals appear in the form of arrows of appropriate color and direction. Note that the arrows can redraw, so one arrow indicator ATR HiLo Channel Arrows TT is not enough for trading. Nevertheless, according to the author of the indicator, it is the best substitute for the TMA Channel indicator. Download ATR HiLo Channel Arrows TT Arrow Indicator Other Arrow and Signal Indicators
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Swing Index indicator is a fluctuation indicator whose signals were derived from previous highs or lows of the price, and seeks to reflect as accurately as possible the price movements of the currency pair market , due to which, it often resembles the sequence of the price chart itself. However, there are striking differences which must be strictly adhered to by traders so as to obtain the desired profit. For instance, if the price chart has had a strong breakout prior to the level set, but the indicator has not, it means the breakout was false and the price will return to its previous levels. The Swing Index indicator comes in two types: short-term and cumulative. In addition, there is an opportunity to...
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Trend trading strategy TMS Momentum is based on the Traders Dynamic Index indicator and a fan of moving averages. The trading strategy is discussed at forexfactory.com in this thread. Input parameters Currency pairs: any. Timeframe: any. Trading time: Any. Risk management: After calculation of stop-loss, select such a volume of lot, that the risk was not more than 2-5% of deposit on one trade. Setting up a price chart Unpack the archive. Copy the template to the templates folder. Copy the indicators to the MQL4 folder -> indicators. Restart the terminal. Open the chart of the desired currency pair. Install the template named TMS. The chart should look like this: signals indicating the opening of a long position (Buy) The trend is up. The trend is determined by...
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Crane Scalper indicator is an author's indicator for scalping from the user of forexsystemsru.com forum with the nickname Crossluck. The Crane Scalper indicator has a basement format, gives graphic signals to enter the market, and also has a built-in flat filter. Testing of Crane Scalper indicator by forum users has shown its high profitability, as well as the ability to trade using it on Renko charts. You can download the previous and alternative versions of Crane Scalper indicator and discuss scalping with it in this thread. Download Crane Scalper indicator Other indicators for scalping
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The Kijun-Sen+Level channel indicator is based on one of the lines of the popular Ichimoku indicator. As its name suggests, the indicator displays the Kijun-Sen line, in addition to which a channel of levels is created, the distance to which is set in the indicator settings. How to use the Kijun-Sen+Level indicator in trading Like any channel indicator, Kijun-Sen+Level implies trading from the borders of the constructed channel: a Buy position is opened if the current candle crosses the lower level downwards; a Sell position is opened if the candle crosses the upper level downwards. The idea of using separate elements of the Ishimoku indicator is not new, it can often be seen in trend-following trading strategies. The Kijun-Sen+Level channel indicator has a big potential in this respect...
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Trading strategy LV-HP Scalping System is designed for scalping in periods when there are no sharp movements, and the release of important news is not expected (that is, during the flat). The work is done on the rebound from the border of the channel in the direction of the trend of the higher timeframe. The LV-HP Scalping System trading strategy is discussed at forexfactory.com in this thread. Input parameters Currency pairs: currency pairs with low spread. Timeframe: M Trading time: after London session close. Risk management: After calculation of stop-loss, choose the volume of lot, so that the risk is not more than 1% of deposit per trade. Setting up the price chart Unpack the archive. Copy the template to the templates folder. Copy the indicators into the...
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The information indicator Extra Reports Pad is an information panel that provides the trader with a detailed analysis of the trades, including their distribution in the form of charts, as well as a full countdown on the trading account. Additionally, the information indicator Extra Reports Pad gives the possibility: to filter deals in the report, by month, by magik and by symbol, i.e. to get reports on a particular trading expert or currency pair; to create reports in html format. We believe that the information indicator Extra Reports Pad will be useful not only for analyzing your own trading, and will be in demand by traders who are testing trading robots. Download Extra Reports Pad Indicator Other Information Indicators
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Balance of Power indicator is an oscillator, which shows the ability of "bulls" and "bears" on the currency market to reach new maximum price values. The indicator readings fluctuate between extremum levels -1 and +1. For each individual period they are calculated by the following formula: (Close - Open) / (High - Low). After calculation the readings can be smoothed by a moving average. One of the most important properties of the Balance of Power indicator are the levels in which it forms tops and bottoms. During an uptrend these tops quite often approach the upper limit, but at the same time they never touch it. In a bear market we can observe a mirror...
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The Candle Difference information indicator is an indicator that shows the price change as a percentage of the opening price of the current candle. The Candle Difference indicator has up to 8 currency pairs available for display on the chart, as well as a choice of candle timeframes. Despite its simplicity, Candle Difference information indicator will be useful in trading strategies based on the correlation of currency pairs. Download Candle Difference Indicator Other Indicators
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After a long work with the price chart, it often becomes unreadable due to the large number of technical lines, comments, figures and everything else, which facilitates trading. The trading terminal MetaTrader 4 allows you to remove an unnecessary object by selecting it in the "List of objects" from the drop-down menu, which can be called by right-clicking on the chart. However, it is much easier to do it using the Del All script, which completely clears the price chart from graphical objects and comments that remain after indicators are removed from the chart. Please note that the Del All script removes only graphical objects, all technical indicators installed on the chart remain unchanged. Download the Del...
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The Strength Separation Strategy is based on evaluating the strength and weakness of currency pairs (or how the strength of one currency changes in relation to its neighbor). When a divergence occurs, opportunities to make trades arise. The system is presented in two versions: short-term and medium-term. The discussion of Strength Separation Strategy trading strategy is held at forexfactory.com in this thread. Input parameters Currency pairs: any. Timeframe: short-term variant: (H1, M15) - senior screens, M5 - working screen; long-term variant: H4 - senior screen, H1 - working screen. Trading time: any. Risk management: after the stop-loss calculation choose the volume of lot, so that the risk was not more than 2-5% of your deposit on one...
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the Sigma Bands indicator is a modified version of the standard Bollinger Band indicator, with an expanded set of parameters. the Sigma Bands indicator allows you to take any MA and any number of bars for analysis and builds two channels: one shows where the price is at 68% time for the selected number of bars; the other shows where the price is at 95% time for the selected number of bars. With the default parameters the built Sigma Bands channel will almost exactly repeat Bollinger Bands with the same period equal to BarsCount. But here we have the possibility to build Bollinger Bands not only with any period, changing the BarsCount, but also to build them to the selected...
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The "Tick Pattern" indicator is a tool whose principle is similar to the search for divergences, because it looks like a divergence between the oscillator readings and the price on the chart. However, the purpose of the "Tick Pattern" indicator is only to predict the direction of the next candle: bullish or bearish. The following oscillators can be set in the indicator parameters: Stochastic; MACD; RSI; Momentum; RVI; etc. The indicator is equipped with sound and text alerts that appear when the tick pattern is detected. In the construction of the pattern Tick the last three bars are involved. It is necessary to connect the closing prices of the bars on the price chart with lines, and to simply select the last three readings on the oscillator chart. If both charts have "ticks" and have different vertical...
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In the breakout trading strategy Kalbo Breakout is working on the basis of the signal bar during the London session in the direction of the trend. The strategy is discussed at forexfactory.com in this thread. Input parameters Currency pairs: any. Time frame: H Trading time: London. Risk management: After calculation of stop-loss, select such a volume of lot, that the risk was not more than 2-5% of deposit on one trade. Setting up a price chart Unpack the archive. Copy the template to the templates folder. Copy the indicators to the MQL4 folder -> indicators. Restart the terminal. Open the chart of the desired currency pair. Install the template named Kalbo Breakout. The chart should look like this: Preliminary analysis of currency pairs Firstly, select the appropriate currency pairs....
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Indicator Spielers Hedge Divergence StdDev - a tool that identifies the correlation between the currency pairs EUR / USD and USD / CHF and determines the entry points on the basis of a rather interesting approach. How to trade on the indicator Spielers Hedge Divergence StdDev Indicator Spielers Hedge Divergence StdDev is installed on the chart of the currency pair EUR / CHF, the recommended timeframe H1 and H4. When the indicator shows +0.20% - sell 1 lot EUR/USD and 1.5 lots USD/CHF, if it reaches +0.30% - sell another lot. The indicator reaches 0.45% and above very rarely. For the positions to sell it is vice versa. When to close positions: Some of the positions to sell are closed when the indicator reaches 0%,...
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DSS of Advanced Kaufman AMA MTF Alerts Arrows is a signal modification of the adaptive Kaufman AMA moving average, the author of which is widely known in trading circles mladen. The difference of AMA from usual moving average is that AMA calculation period depends on market prices dynamics and market situation: if price changes sharply - AMA period decreases in order to increase indicator's sensitivity; if price fluctuations subside - AMA period increases. In the DSS of Advanced Kaufman AMA MTF Alerts Arrows indicator, the adaptive moving average is displayed in the basement of the price chart and has an MTF function. Entry signals are also tied to the MTF function...
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MACD Histogram WIS indicator is a modification of the standard MACD oscillator, which is designed for use in impulse trading systems. How to use the MACD Histogram WIS indicator in trading? If histogram goes down (current value is less than previous one) and so does the line, at the same time histogram is red - long trades are prohibited; Growing histogram (current value is higher than previous one) in combination with growing line gives green histogram, at which short trades are prohibited. The histogram is decreasing but the line is increasing (or the opposite situation) - the histogram is gray and there are no restrictions. MACD Histogram WIS indicator parameters 0 - MA (MA period); 1 - MACD line; 2 - Signal signal line. FastMA - period.
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Trend trading strategy MTF Trendcatcher is a two-screen trading system based on trend and matrix indicators. MTF Trendcatcher strategy is discussed at forexfactory.com in this thread. Input parameters Currency pairs: any. Time frame: M15. Trading time: London, New York. Risk management: after calculation of stop-loss, select such a volume of lot, that the risk was not more than 1% of the deposit on one transaction. Setting up the price chart Unpack the archive. Copy the template to the templates folder. Copy the indicators to the folder MQL4 -> indicators. Restart the terminal. Open the chart of the desired currency pair. Install the template named MTF_Trendcatcher. The chart should look like this: Signals indicating the opening of a long position (Buy) On the ASCTrend-2TF indicator...
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