Forex Power Fuse indicator is a hybrid technical indicator, which is a combination of the MACD indicator and Bollinger bands superimposed on each other and displayed in a separate window under the price chart. The Power Fuse indicator can be used on any timeframe and currency pair. You can download it from the link below.
The implementation of the MACD indicator in Power Fuse is presented in the form of dots in blue, red and yellow:
Thus, the line consisting of circles of different colors in the Power Fuse indicator is inherently no different from MACD, but it is much more convenient to examine its marking, since the standard version of the oscillator is painted in a solid color, as a result of which, signals are poorly visible on it.
Bollinger Bands are represented here as light blue solid, and red or blue dashed lines.
The Pinocchio indicator is a technical, analytical tool designed to identify trend reversals and find optimal market entries.
This indicator does not have a visual display in a separate window. Pinocchio signals are displayed as labels on the price chart and as an audio signal. This avoids the double interpretation of indicator values. All calculations are carried out directly in the program code and are displayed to the user in the form of a clear signal. The trader can only decide whether to follow these signals or not.
OsMA indicator is not the most popular technical tool of all that are included in the basic package of indicators. Nevertheless, it has its advantages, and in some cases, OsMA works more efficiently than any other oscillator.
The OsMA indicator is an oscillator that is based on the readings of another, more popular oscillator - MACD. OsMA shows the discrepancy between the MACD curve and its histogram. The moment of the intersection of the histogram and the line is the OsMA zero mark. If the MACD histogram rises above the line, then the OsMA histogram rises above the zero marks. In the opposite situation, OsMA shows negative values.
OsMA is a more narrowly targeted indicator than MACD. Given the degree of the relativity of the readings of its histogram, the strongest signal of this instrument is divergence.
Gator indicator is a unified technical analysis tool that is very similar to Alligator. In fact, this oscillator reflects the potential signals of the Alligator in a simpler and more understandable form. The main task of the Gator indicator is to indicate to the trader the beginning of a possible trend and its attenuation.
Renowned trader Bill Williams developed this technical analysis tool. Gator was the main filter of his trading system and played an important role in a simpler reflection of Alligator signals. For reference, Alligator is three moving averages that intersect with each other and provide signals to the trader to enter the market. You can download the Gator indicator from the link below.
By itself, Gator in appearance resembles a double histogram, which is built on top and bottom of the zero levels and painted in two colors. By the color of the histogram bars and their size, we can judge the current trend or its absence in the market.
The goal is that the oscillator helps us to separate the flat areas of the market from those moments when there is a clear trend on the market. As it is known, the directional price movement makes it possible to find potential entry points that will fully provide a good ratio of potential profit to potential risk.
The Trend Envelopes technical indicator is a universal tool for determining the continuation or end of a trend. This tool helps to catch good trends and follow them.
The indicator is displayed directly on the chart of the financial asset in the form of lines of two colors, which, depending on the color, indicate a bullish or bearish trend. By default, it is blue and orange. It is suitable for any currency pair and can be used on any timeframe. The indicator is available for download at the link below.
The Slope Direction Line indicator is a specialized algorithm that is based on the same principle as the time-tested Moving Average tool. Both algorithms operate according to similar rules and have similar settings.
A distinctive feature of this algorithm is that its curve changes its hue at the moment when the trend changes on the chart. This algorithm is displayed on the trading chart in the form of a colored curve, which is located near the price.
In a situation where the price begins to move in the opposite direction, the curve of the algorithm also changes its color. Thanks to this function, you can quickly receive information about changing trends in markets that are characterized by spasmodic price movements.
Candles' charts invented in Japan have become the de facto standard for displaying price movements on all popular trading platforms. For many years now, their patterns have been studied and successfully applied, despite high-frequency trading and other technical innovations. However, they also have worthy alternatives, such as Renko price bars.
Despite the fact that the timeline of graphs is present in all terminals, in reality, it does not always have practical meaning. All news advisors and strategies, unlike Renko, are tied exclusively to time, and no matter how the price behaved before and after the fundamental event.
Periods of increased activity at the opening and closing of trading sessions, when charts show numerous sharp price impulses and indicators begin to give mostly false signals, also last a limited time and can also be classified as a fundamental background.
With technical and graphical analysis, the opposite is the case - market entry is based on price data, and it does not matter how long the graphical analysis pattern is formed, moving averages intersect or the oscillator enters overbought/oversold zones. In this case, the time factor can be completely ignored on a “synthetic” chart, such as the Renko chart. This indicator was created to build these charts.
Building Renko Candles indicator values
In the Renko Candles indicator, as well as in many other indicators based on Renko values, candles (or bricks, as they are called) are built based on the value passed by the price. They, unlike classic Japanese candles, are not tied to time. A new “brick” appears on the chart only if the price movement exceeds the set values.
MACD 2Line is an improved version of the classic MACD technical analysis indicator.
This indicator is similar to a regular MACD, but its histograms change color from green to red and vice versa, depending on where they are located, above or below the zero line.
In addition to color changes, the difference of this indicator is that it has an additional signal line. Depending on the location of these two lines, this trading indicator is able to give additional signals for traders.
You can download MACD 2Line from the link below.
QQE New Histo Indicator – A Practical and Effective Solution for Trading With Qualitative Quantitative Estimation
Among the many modern developments that claim to be the determinants of the direction of the trend and the meters of its strength, you can find tools that are really able to cope with this task. With good reason, these include the Qualitative Quantitative Estimation indicator.
QQE New Histo is a modified version of the QQE indicator. Unlike its counterparts, this trading indicator is equipped with overbought levels starting from +10 and oversold levels below -10 and zero, which makes it similar to the Stochastic and Demark oscillators. In addition, it is equipped with a sound signal that is triggered when the lines intersect and the zero level.
You can download this indicator from the button at the end of this post.
Market Facilitation Index [MT4 Free Download] - Find Reversals and Trades Based on the Market Reaction Related to Changes in Volume
The Market Facilitation Index indicator is a convenient indicator by which the state of the current market trend is assessed. Measurement is carried out on the basis of a comparison of changes in price and volume for a certain time period.
The author of this tool is the legendary trader Bill Williams, who described it in his book Trading Chaos. The analyst claims that the market facilitation index he developed models the situation more objectively than all modern stochastic oscillators and trend indicators.
Damiani Volatmeter is a technical indicator for Metatrader 4. This trading tool is designed to detect periods of higher and lower volatility. It helps to determine when the market moves from a state of a sideways range to a trending one. The indicator helps to capture and filter out market noises. This can be especially useful for distinguishing a real nascent trend from normal market noise.
You can download this indicator from the link at the end of this post.
Williams’ Percent Range is a dynamic technical indicator that determines the state of overbought-oversold. The meaning of the WPR indicator is that it measures the ability of bulls and bears to close prices every day near the edge of the range over the past period.
The analysis is carried out on the basis of studying the position of the current closing price in the range formed by extremum for previous periods. This trading tool was developed by the famous trader Larry Williams and George Lane.
The RVI indicator is a technical indicator whose abbreviation stands for Relative Vigor Index. The idea underlying the work of the RVI indicator is the pattern that, in a bull market, the closing price is usually higher than the opening price. In a bear market, on the contrary, the closing price is lower than the opening price.
Chaikin Indicator (or Chaikin Oscillator) is a technical indicator based on the difference in the moving averages of the Accumulation / Distribution indicator. Unlike many similar instruments, this oscillator does not redraw its readings. It fits well with modern trading systems, organically combining with other technical analysis tools.
You can download this indicator for free from the link below.
Accumulation Distribution (A/D) Chaikin Indicator MT4 – Identify And Confirm Trends, Divergence, Chart Patterns
The Accumulation / Distribution (A/D) indicator is an effective volume indicator developed based on the accumulation-distribution index and Volume values. The author of the tool is a famous trader named Marc Chaikin.
Unlike Bill Williams' similar Acceleration/Deceleration indicator, which compares opening and closing prices, it compares the closing price with the middle of the trading range.
Calculation of indicator values
A / D calculation starts with calculating the difference between the closing price and the daily minimum, from which the difference between the maximum and closing price is subtracted. The resulting indicator is divided by the difference between the maximum and minimum, after which it is multiplied by the trading volume. At the final stage, the result is added to the Accumulation / Distribution value recorded on the last candle. That, in turn, is the sum of the indices for all previous periods. The larger the volume, the stronger the indicator responds to price movements.
The Accelerator_Decelerator indicator is another popular tool developed by Bill Williams. AD is called a tool that determines the driving force of the market. He is able to calculate and display on the chart the rate of acceleration and deceleration of prices. The indicator belongs to the group of oscillators and is displayed on the chart as a histogram.
You can download it For Free at the link below.
The Money Flow Index (MFI) shows the intensity with which funds are invested in and out of an asset. This is a rather useful tool for assessing the development prospects of a trend. It is very easy to use and not cluttered with unnecessary information.
You can download it from the link below.
The Mass Index trading indicator is an indicator of volatility, which uses the expansion or reduction of the range between the maximum and minimum prices to determine a trend reversal. This indicator for MT4 can be downloaded from the link below.
Flat_Detector is an outrunning, modified in our company, indicator of volatility, which shows the trader in which of the two phases of the state the market is at a given time. This is a very simple and straightforward tool. You can download this indicator for free on our website at the link below.
“Flat_Detector” can inform you about an emerging trend, or it signals a flat. Thanks to this information, depending on two phases of the state: trend or flat, you can apply strategies corresponding to the current state of the market.
As know, at any given time in the market, there are always two forces: buyers and sellers, or in the trader's jargon - bulls and bears. Bulls and Bears indicators are designed to facilitate the trader's understanding and search for the dominant power in the market at a certain point in time. Both tools are visualized in separate windows in the form of columns of histograms.
These indicators are included in the standard Metatrader4 terminal code package, and you can also download these indicators on our website from the link below.
The ZigZag indicator is a technical trend indicator that combines local lows and highs and allows you to filter out price noise. Unlike most of the technical indicators used by traders, the ZigZag is not giving signals about future price behavior, but instead, it only identifies the price swings from the past.
But it is precisely on the reflection of the indicator of price behavior in the past that it is possible to predict its future behavior. ZigZag is a fairly well-known indicator that is built into most trading platforms. You can also download this indicator for Metatrader4 on our website in the Indicators section.
The ZigZag builds a line based on a minimum percentage of the price. There are three input parameters in the indicator settings: Depth, Deviation and Backstep.
Consider what these parameters are:
For example, if Depth is set to 12 (the default value of the indicator), and for Deviation to 5, then the ZigZag line only marks price movements, equal to or deviations, higher by 5%. Lower values, respectively, are ignored by it. This is very convenient, as it allows you not to be distracted by small price fluctuations and ignore price noise.
The ZigZag also often measures the initial price movements that occur in the direction of the main trend. They do not restore parts from the previous movement, but move past the previous correctional maximum or minimum.
The MACD indicator is considered one of the main indicators of technical analysis, and one of the few indicators that is able to give leading signals. This tool is used both in simple strategies for novice traders and in advanced professional systems. The MACD indicator is included in the standard library of tools of the trading platform, and it can be installed in just a few mouse clicks. You can also download this indicator on our website.
The MACD itself is displayed in a separate window under the graph and looks like a histogram with an auxiliary line. The histogram displays the degree of divergence of two moving averages: if one moves away from the other, then the bars of the histogram grow, if the movings move closer, the bars decrease. Thus, with strong movement, the bars of the MACD histogram will be long, with flat - short.
ADX Trading Indicator is a popular indicator that determines the strength and prospects of the current market trend. This analysis tool was developed by the famous trader Welles Wilder on the basis of two of his other programs - Positive Directional and Negative Directional indicator.
This indicator is usually present in the standard MetaTrader terminal library. You can also download it on our website from the link below at the end of this article.
The technical indicator GG-RSI-CCI is a custom indicator for trending. This indicator is not included in the standard Metatrader4 terminal library, but you can download it for free the the link below (scroll down to the end of this article).
The GG — RSI — CCI indicator informs the trader about the current trend as follows: the green histogram is the bullish trend, the red histogram is the bearish trend, and the yellow is flat. The GG-RSI-CCI indicator can be easily adjusted to suit the needs of any trader or trading system. You can change both the colour of the histogram lines and the indicator periods.
Technical Indicator Gann_HiloHisto is an indicator developed based on the well-known Gann theory. This tool is perfect for technical analysis, as it is characterized by a high level of accuracy and ease of use.
Gann_HiloHisto is a visually modified version of the common Gann Hilo indicator. It is believed that the perception and understanding of this version of the indicator is given to the trader much easier than the traditional Gann Hilo indicator.
You can download this version of the indicator for free at the link below.
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