Practical Robust "PriceActionOverlay" MT4 Indicator - Displays Price Movements In A Structured Manner
The indicator introduced here is particularly unique. This MT4 indicator "PriceActionOverLay" displays useful information on the main chart based on past price movements. This indicator can be used in a variety of ways, but it should be especially useful for those who like contrarian and reversal trading.
The MT4 indicator introduced here is especially recommended for all Forex traders who are doing or interested in doing multiple time frame (MTF) analysis.
This “MultiTimeframer” displays a chart of other time zones in the sub-window, so it is suitable for those who do MTF analysis.
We all know how important are trends in trading. Depending on whether you can grasp the trend and trade, the outcome of the trade will change completely.
In this article, we will introduce an indicator for MT4 that is a further improvement of our “SuperTrend” indicator, which is the best way to judge Forex trends.
The Ichimoku Kinko Hyo is a very unique indicator. It's not an exaggeration to say that trading can be done only with the Ichimoku Cloud, but the pillar of this fantastic indicator is the “baseline”. The baseline is fairly accurate, and some people trade with a combination of this baseline and other indicators.
This MT4 indicator is characterized by color-coding the chart based on this reference line.
Bollinger Bands probabilistically analyze price fluctuations. There are many EAs (automatic trading software for MT4) that incorporate Bollinger Bands, but the EA introduced in this article uses the Bollinger Band in a special way for extra confirmation of trade signals.
This EA is based on our own strategy based on a unique set of principles and parameters (find it here). Continue reading to see how this robot for Metatrader 4 works and to download it for free.
Since it’s a 24-hour market, it is very important for FX to know when each market session opens and closes. However, it may not be easy to remember the opening and closing times of major markets such as New York or Tokyo every day.
And if your strategies are based specifically on those sessions then the indicator introduced in this article may help you. This "MarketOpen" indicator for Metatrader 4 can confirm the opening and closing time of such a market at a glance.
There is a need to consider a variety of information when placing orders in FX.
You must also check the swap points and leverage of the currency pair you are trading. For example, holding a negative swap position for a long time is not very wise. If you want to know such information at a glance, then this "MarketInfo" indicator can be useful.
This indicator for MT4 provides a new measure for analyzing indicator values such as moving averages, MACD or Stochastic. By using "IndicatorStrength", you may find new ways to use moving averages that were not known before.
This indicator for MT4 displays candlesticks of a higher timeframe on charts of lower timeframes. It displays the candles in a unique place - covers the candlestick of the current time frame.
Keep reading to find out how this “HigherTimeframe” indicator for Metatrader 4 works and to download it for free.
This MT4 indicator automatically draws Fibonacci levels. It should make trading easier and be quite useful, especially if you trade often with both Fibonacci retracements and extensions.
The indicator introduced here is one of the practical indicators that help with making trading more convenient. Simply put, it displays the order status in a sub-window, making it easier to keep in check the status of your trades at a glance.
Let's take a look at this MT4 indicator “OrderInfo”. To download it for free scroll to the end of the article.
The Ichimoku Balance Table is a very special indicator. However, there may be people who feel that it is difficult to discern its various lines and shapes, and may find it complicated.
In this article, we will introduce an indicator for MT4 that displays only the reference line and conversion line of such an Ichimoku Kinko Hyo.
Switching between time frames on MT4 takes a little effort. The indicator we introduce here solves this problem elegantly.
If you use the “HotkeyForTimeframe” indicator, you can change the timeframes quickly via the keyboard shortcuts.
The Metatrader 4 indicator introduced here is very unique. This “TickerMACD” is simply a MACD indicator that works with tick charts. For this reason, it is a particularly recommended indicator for scalpers. However, there are some things you should be aware of when using it.
There are various variations of the moving average line, and the LSMA (Least Squares Moving Average) is a particularly interesting moving average line.
Also called the minimum square moving average line, this "LSMA_Colored" makes it simple and easy to use this LSMA indicator.
One of the weak points of MT4 may be the difficulty in visualizing/seeing the market price. The price is displayed on the left side of the screen by default, but some people may find it inconvenient for use in trading.
Here, we introduce an indicator for MetaTrader 4, “MarketPrice”, that displays the market price clearly.
Reversals are popular with FX traders seeking high-return lorries. Many people feel that contrarian trading is more fun than trend-following methods.
This MT4 indicator is something you want to try if you like such contrarian trading. By using this “HiLoLines” MT4 indicator, it will be easier to visualize the potential reversal levels.
“HiLoLines” displays the high/low price (high line / low line) for a certain period (set by the “Lookback” parameter).
Lines (buy-line and sell lines) that are separated from the high and low prices (set by the parameter "difference") are also displayed. This makes it easy to trade the important technical levels, such as “sell before the resistance zone” or “buy before the support zone”.
There are many ways to trade FX and using the Fibonacci ratio is a commonly used method which many traders find effective.
However, it can be quite inconvenient to draw the Fibonacci ratio on the chart every time. This “ZigZag_Fibo” indicator for Metatrader 4 automatically draws the Fibonacci ratio on the chart.
One of the basic aspects of trading FX are spreads which are the main cost of this business. Spreads can fluctuate significantly over time and trading profits can be severely compromised as spread costs increase. This MT4 indicator is useful for easily monitoring the spread right inside your charts.
Continue reading below to find out more about the “Spread_Lines” indicator and download it for free. clearly shows the spread values on the chart.
Anyone who is an FX trader has probably used the MACD at least once. The Moving Average Convergence Divergence, or MACD for short, is an indicator that can be called a classic trading tool.
It is not only simple, but it also generates very easy entry points. This “MTF_MACD” that we are introducing in this article is a variation of the MACD in an advanced form.
There are various time frames in FX, and while the hourly chart is particularly popular, there are the 5-minute and 1-minute bars as well.
The tick chart is the shortest chart type of them all and is not actually based on time. The tick chart only represents changes to price every time the price fluctuates (a tick occurs).
There is a lot of valuable information that can be learned from the movement of ticks. So, here in this article, we will introduce the “Tick_Counter” indicator for Metatrader 4 that will help you analyze these price ticks.
If you want to know if the day is strong or weak for a particular currency pair, check the rate of price change.
By looking at the rate of change (up or down), you can learn a lot about price movements for the day. This MT4 indicator “Daily_Change” is perfect for those who want to easily check the rate of price change.
This indicator for MT4 calculates and displays the distance between the line drawn on the chart and the current price.
This can be very helpful for people who often draw horizontal lines on the chart. Using this indicator is also recommended for those who use breakout strategies.
The opening price of the daily chart is very important for trading and investing. For this reason, many day traders are keeping track of the opening price of each trading day.
This indicator that we introduce here, "DailyOpen" for MT4, makes this task easier. The indicator displays the opening price of each candle on the daily chart in other time frames. Keep reading to find out how it works and to download it for free below.
Any FX trader probably has used a Bollinger Band at some point in his trading career. The MT4 indicator that we introduce in this article makes it easier to use such a Bollinger band.
This "Custom_Bands" allows you to change the values used for calculating Bollinger Bands more freely.
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