We call it a record session high when we get 8 or more previous candles that have higher closes. The ability to change the font and text size. We present the latest development of - a non-redrawing AutoPilot indicator for working on Forex.
Lines, Labels, colors and all other items can customize for a better loo. Extended version of the TrendLine Alert indicator. It displays alert - Alert, sends E-mail and Push-notifications, and plays a sound file when the price crosses a user defined line horizontal or trend. You can specify the index of the bar on which the intersection BarIndex is checked. Indicator Settings StrongSignal - trigger when a bar crosses the trend line true , i. Some brokers tend to show wrong bid and ask prices in the chart.
This free simple indicator fixes it by drawing the correct bid and ask price on the chart. BidLineColor - Color of bid price line.
DrawOnBackground - If set true, the lines will be in the background of candles and other elements on the chart. This will hide the pr. A simple information indicator showing the time left before the opening of the next candlestick or bar.
About the concept of a timeframe A timeframe is the time interval considered in the technical analysis of free financial markets the same applies to the global currency market , during which the price and other market data change.
The smallest timeframe is the so-called tick. A timeframe is the time interval used to group quotes when drawing elements of a price chart bars, Japanese candle. Peak Trough Analysis is the great tool to detect peaks and troughs in your chart. Peak Trough Analysis tool can use three different peaks and troughs detection algorithm.
You can use this peak and trough analysis tool to detect the price pattern made up from Equilibrium Fractal-Wave process. For further usage, there are good guide line on how to use this peak trough. In the Demo version, you can only access limited features of full version. However, you can use it for your demo or live account without any limitation. Please note that we provide the limited support for free demo version. The main pattern detection methods in this software follows the principle of Equilibrium Fractal Wave EFW Notation using shape ratio and propagati.
Highly configurable Rsi indicator. Multi timeframe ability lower and higher TF also. Linear interpolation and histogram mode options. Works on strategy tester in multi timeframe mode at weekend without ticks also. Bar Shift for Lower Timeframe: Shift left or right the lower timeframe's candle. This oscillator has become one of the main tools of most professional traders. Exponential moving averages are used in the calculation. The indicator also provides the ability to enable signals on identification of divergences between the price graph and the indicator.
Divergences are identified using three patterns: This indicator is suitable for trading Forex and Binary Options, depending on its settings. The indicator is designed for trend trading. An up arrow appears on the chart. A down arrow appears on the chart.
If price is over the High point or lower the Low Point: If price is under the High Point and above the Low Point: Market is SidewayFor further information please contact me: The Volatility Ratio was developed by Jack D. Schwager to identify trading range and signal potential breakouts. The volatility ratio is defined as the current day's true range divided by the true range over a certain number of days N i.
The following formula is used to calculate the volatility ratio: Features Ability to review the history of each symbol and time frame. Ability to change symbols and time frames with one click.
Works perfectly in combination with SDX Dashboard and helps you to understand the system better. Settings MA Period - number of periods for the calculation of the moving average and the standard deviation. Number of Bars - how far back to draw the indicator. This indicator displays a Line Break chart in the main chart window. To view the line break chart on its own, change the main chart window to display a Line Chart and then change the "Line chart" color to "None" in the F8 properties dialog.
With Just one look you know over all market prospective across the board. With currency score you can find out. Requirements All 28 Crosses from the 8 Currencies i. The Hunter Scanner scans for a specific pattern called "The Hunter". This pattern should not be traded on a single timeframe. But when it agree on higher timeframes, such as H4 and above, it is very accurate for trend direction.
The Hunter scanner is an indicator and not a signal system. The Hunter have very few settings. In fact only one needs to be adjusted.
The one you can edit. The differences between Strength Box and Strength Arrow: Strength Box is placed in a separate chart window and you take decisions according to its readings. Strength Arrow is placed in chart window and applies arrows of reversal levels. Take an advantage of Trailing Stop and close trades efficiently. Higher timeframes are recommended. The indicator indicates buy or sell points based on Strength Box Period 5.
This indicator signals about crossing of the main and the signal lines of stochastic lower stochastic in the trend direction which is determined by two stochastics of higher time frames higher stochastics. It is not a secret that stochastic generates accurate signals in a flat market and a lot of false signals in a protracted trend. A combination of two stochastics of higher time frames performs a good filtration of false signals and shows the main tendency.
The indicator is recommended fo. Fibo Trends of 5 times is an indicator of 5 trends on higher timeframes with its own operation start boundaries. The search is performed on the corresponding time data, regardless of the working chart period, and it is displayed on the active one. To change the interval simply move the required vertical line of the boundary, by double-clicking to activate it.
Spread in Forex is difference between the bid and ask price. Brokers make money from spread and this is why you want as little spread as you can. Basically lower the spread better it is for you. Usual spreads are between 1 and 3 pips. If you are using sniping strategy you must know your spread and this Indicator will help you with that. The indicator plots the specified number of daily boxes for convenience and optimal operation on intraday timeframes. It is capable of displaying the dotted opening and closing lines inside the boxes.
If the day closed in the bearish direction, then these lines are red, if in bullish - blue. It is possible to change the colors of each day. The ability to change the font and text size. The ability to display the number of pips from the opening price of the day before the extrema.
Divergence Convergence MACD is based on the classical divergence and convergence methods of charting. Divergence is when we get higher highs and lower lows on our uptrend but which are not supported by our indicator which makes lower highs and therefore signals the underlying momentum is failing and so a reversal might occur.
Vice versa for downtrend. Convergence is when the higher highs and higher lows of an uptrend are also confirmed by our indicator making lower lows which helps us confirm. Also, a stop loss level on Senkou Span B line is specified.
An additional filtration based on the higher time interval is use. This indicator is a free version of Double Top Tracker. Unlike the full version, some functions are disabled and the parameters cannot be changed. This indicator analyzes in parallel price charts for multiple currency pairs on all timeframes and notifies you as soon as a double tops or double bottoms pattern has been identified.
The alert occurs when the the second peak has been reached. Double Top is a trend reversal pattern which are made up of two consecutive peaks that are more and less eq. Overview Renko Bricks is a classic charting technique used in technical analysis, in which price changes are shown as diagonal rows consisting of rectangles "bricks". Each new rectangle is always displayed to the right of the previous one and is located above or below it.
The specified upward price movement for example, every two points is marked by adding the next rectangle at the upper right of the previous one, while the specified downward price movement leads to adding a rectangle at th.
Having to check constantly if your CCI has reached a specific level can be tedious and draining at times, especially if you have to monitor different asset classes at a time. The Alert CCI indicator will assist in this task, ensuring that you get the most with little effort.
When the CCI values get to a specified level, the alerts will go off, on the chart, on the MT4 phone app or via email You can receive text messages to your phone if you activate texts on your Gmail account. This innovative indicator is designed for trading binary options using MetaTrader 4.
The indicator works on all currency pairs, never repaints and does not change its values. The indicator features the preliminary signal making notifications on the current candle. Wait till the candle is closed and, if the arrow appears after that, enter in a specified direction. The indicator finds strong trend movements of a currency pair over the specified number of bars. It also finds correction to this trend. When the trend is strong enough, and the correction becomes equal to the values specified in the parameters, the indicator generates a signal.
You can set different correction values, while the best suiting are 38, 50 and 62 Fibonacci levels. In addition, you can configure the minimum length of trend, the number of history bars for search and other parameters. This indicator is equipped with secret formula which is suitable to all period from M1 to Monthly chart window. Hence you may use Droidjojo Forex Indicator for scalping method on M1 to M15 chart window, or you may use this for daily forex trading using H1 to H4 chart window or even for swing trading.
With the MACD Multi Time Frame indicator, you can spot divergences of higher timeframes while you are searching for pinpointed entries on lower timeframes. The full version of the indicator can be found here: Problem On a naked chart you have no clue of how much price has moved. Solution Put the WaltSoft RNB on your chart and it draws an alternating color background grid with a scale you can choose. Not only that, but it can also draw horizontal lines, with or without price labels, on big round numbers.
This indicator is highly configurable to completely suit your taste and needs. Murrey Math is an indicator of Murray levels. This indicator automatically calculates and displays 10 most significant levels on a symbol chart as well as paints them in different colors. The values of the levels are changed according to the time interval.
Thus, a trader can easily define a point for placing a pending order or open a new position after the price crosses one of the significant levels. The system is designed both for scalping and trend trading. Tamasha combines advanced oscillator crossing with Currency Strength Meter to create a safe entry spots for trades and this is one reason why the system is a low risk system.
The system is equipped with stop loss and take profit levels for safe entry and exits. Swing entry Low Risk Trading: Presentation Doji Engulfing Paths enables to get signals and data about the doji and the engulfing patterns on charts. It makes it possible to get opportunities from trends, and to follow the directional moves to get some profits on the forex and stocks markets.
It is a good advantage to take all the appearing opportunities with reversal signals and direct signals in order to obtain some profits on the forex market. With the demo version, only the signals starting with the 20th candle or bar.
PA Touching Alert is a tool to free you from watching price to touch certain critical price level all day alone. With this tool, you can set two price levels: Of course, the upper price and lower price should be set at critical resistance and support levels, such. Binary Engine Indicator displays arrows on you chart. This indicator is given for free to test the functionalities of the Binary Options Engine EA as well as to be used as framework to develop new indicators for the Binary Options Engine EA.
The specificity of the Framework Indicator Engine is: A fractal divergence is a hidden divergence, based on Bill Williams' fractals. A bullish fractal divergence is a combination of two lower fractals, the last of which is located below the previous one, and, at the same time, two candles to the right of the Low of the last fractal have Lows higher than the previous fractal level see screenshot 1.
A bearish fractal divergence is a combination of two adjacent upper fractals, the last of which is located above the previous one, but, at the same t.
Without volatility, trading the financial market is close to impossible. Profit is made ONLY when the price is moving. The ERXGen Early Riser Next Generation system is a short-term trading technique built around the phenomenon that there are certain times during a trading day when the price volatility has the tendency to be high. In essence, ERXGen is based on the very popular London Open Breakout strategy, although with bespoke tried and tested rules that increase consistency and profitabilit.
We present the latest development of - a non-redrawing AutoPilot indicator for working on Forex. The indicator draws an automatic trend line. No need to draw it manually any more! Our product is an essential tool that allows you to monitor multiple currencies at the same time!
The indicator is not redrawn and is very efficient in detecting the trend. We have tried to make it effective for trades who trade serious money, while at the same time keeping it simple and clear for beginners. Volume at Price indicator gives an approximation of volume at each price level. Volume is vital when determining which price level is strong and which is not.
With this indicator which estimates the volume at each price level by using some sort of statistical techniques along with Tick Volume, you will be able to detect the areas of high volume and the areas of low volume or even volume divergence and gaps in volume. Interpretation of the volume chart is estimated by the user: This indicator using RSI indicator to find the big trend or small trend.
The trend will be changed instantly after new candle open. The Rsi Period you want to useTotalBars: The maximum number of bars to be displayedBullTrendClr: These are primarily support and resistance points with the 'Blue' Pivot Point. Pivot points are useful for determining key levels for entry or exits setting targets and stop loss levels.
Join our fan page. Access the CodeBase from your MetaTrader 5 terminal. Couldn't find the right code? Order it in the Freelance section. How to Write an Expert Advisor or an Indicator. MQL5 technical indicators analyze MetaTrader 5 price charts on Forex, as well as stock and commodity markets.
Indicators define trend direction and power, overbought and oversold states, support and resistance levels. Underlying mathematical models provide objective assessment of the current market state allowing traders to accept or reject trading system's signals. You can download and launch offered indicators in MetaTrader 5.
The library of indicators is also available directly from MetaTrader 5 platform and MetaEditor development environment. This is a standard StdDev indicator with an additional feature, which changes the line color depending on its values. When the value increases, the line color is painted in green; when it falls, the line becomes red; if values stay the same over several periods, the line color stays yellow.