Trend lines are line tools that are used to link the highest or the lowest prices that are represented on the activity chart. Their ability to map out zones of support and resistance leads to quick identification of price breakouts. Moreover, if you add some basic technical indicators to this line tool, what you’ll have […]
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This dynamic forex indicator is based on the Bollinger Bands on three different shifts, the Average True Range and the Keltner channels.The currency price tends to stay between these bands. Look for buy signals at the lower bandswhile looking for sell signals at the upper bands. Download link: Click here to download the Dynamic_Price_Channel.ex4 indicator […]
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Shift from green to red color indicates a possible sell signal while a shift from red to green indicates a possible forex buy signal. Use in conjunction with a trending indicator to trade in the overall up or down direction of the trend, avoiding most false signals. Download link: Click here to download the ForexForecaster.ex4 […]
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This forex indicator draws two horizontal lines that marks the most recent 5 day high price and the most recent 5 day low price. Mostly used to trade daily range breakouts. The indicator H-L input can be adjusted to fit your needs. For example, 10 days, 20 days, 50 days,.. Download link: Click here to […]
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ASCTrendCycle indicator oscillates between +110 and 0. Extreme trading values: +110 is considered to be overbought while 0 oversold (see chart). Use in conjunction with trending indicators to generate more accurate trading signals in the overall direction of the trend. Download link: Click here to download the ASCTrendCycle.ex4 indicator ASCTrendCycle Indicator Chart Example (EURUSD H1) […]
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Each line represents the power of a currency: GBP: red, USD: green, EUR: Blue and JPY: Gray. Signals can be generated when currency strength lines cross each other. For example: One could go long when EUR line crosses the JPY line from below. EUR gets stronger while JPY gets weaker. Result would be buying EUR/JPY […]
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This indicator shows the trend for the 1 min, 5 min, 15 min, 30 min, 1-hour, 4-hour, daily and weekly charts. How does it work? For long signals: At least 3 up signals for a certain timeframe. For short signals: at least 3 down signals for a certain timeframe. Download link: Click here to download […]
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This indicator finds pin bars on every time frame. Pin bars may indicate early signs of a market reversal. Just great for price action traders. Download link: Click here to download the Pinbarfinder.mq4 indicator MT4 Trend Dash Board Indicator Chart Example (EURUSD H1) Platform: Metatrader 4 Indicator type: Price action
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This trading indicator shows in which trading session the market is trading. Displays: Asian begin-end session, Euro begin-end session and New York begin-end session. Download link: Click here to download the Session.mq4 indicator Trading Session Indicator Chart Example (EURUSD H1) Platform: Metatrader 4 Indicator type: Addon
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Trendlord shows you the current trend for any currency pair and timeframe. Blue histogram: uptrend. Red histogram: downtrend Download link: Click here to download the TrendLord.ex4 indicator TrendLord Indicator Chart Example (EURUSD D1) Platform: Metatrader 4 Indicator type: Trend
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