This indicator is useful when trading various currency pairs. This MT4 indicator is characterized by displaying the spread of each currency pair in a sub-window. This will help you understand your spread costs. In addition, there is also a flag function unique to this indicator.
Moving average lines (MA) are a very versatile indicator and widely used by traders in all markets. The Hull Moving Average (HMA) is an improvement of the standard moving average indicator which provides several advantages.
The Hull Moving Average is an indicator developed by Alan Hull and is characterized by very little lag in the generated signals. In this article, we introduce such a Hull MA indicator for MT4.
Fibonacci Pivot Points are a popular variation of the widely used Pivot Points indicator.
Fibonacci pivots use the Fibonacci ratio as the calculation method for the pivot support/resistance levels and this indicator for MT4 can display these Fibonacci pivot points on the chart. The indicator also allows the trader to control the time zone that will be used for the Fibonacci calculations.
Trading with candlestick patterns has long been popular. Among them, the Doji line is not only easy to find, but can also provide a high win rate when included in a trading strategy. Trading using candlestick patterns is also highly recommended for beginners.
Here, we introduce an EA that is using Doji patterns for generating signals and taking trades.
The RSI is one of the most popular indicators in the trading world. It may be said that it is the most popular among the oscillator indicators that are commonly used for determining overbought/oversold levels.
This MT4 indicator is useful for using the RSI more conveniently and also more efficiently. This indicator shows the RSI of various time frames in one sub window under the price chart.
A good trading system will not lose its efficiency over time and should continue to perform consistently for many years. A moving average (MA) crossover system is also a typical trading system that has a pretty consistent reliability over time.
The EA that we introduce in this article is a software for Metatrader 4 that is using such an MA crossover to generate signals and trades. The reliability is very high because it is a quite simple system.
Breakout strategies are especially popular in many different trading strategies. It's simpler than anything else, and it is easy to set a stop loss. This MT4 indicator is especially recommended for those who use such a breakout strategy. “Today High Low” displays the high and low prices on the chart as shown in the image below.
As you can see from the image, you can easily see the high and low prices for the previous day and for the current day. This indicator is a simple tool that can be of great help. Line thickness and color can be changed based on individual preferences.
Bill Williams is known for famous indicators such as the Alligator. The Market Faciliation Index (MFI) is an indicator developed by Bill Williams that takes volume into account for for generating values.
It is a good idea to use this indicator with the standard MT4 volume indicator. There are many ways in which the MFI can be applied in trading, and here in this article we will discuss the most important ones.
The “GMMA” indicator makes trend judgment very easy by displaying various moving average lines (MAs) on the chart. This improved version of the “GMMA” indicator additionally adds the 200-day moving average (200 MA) to the group of plotted MAs - making it even easier to determine long-term trends.
Here, we introduce a very handy indicator for MT4 that will make the job much easier for many Forex traders.
Analyzing candlesticks is a fundamental part of chart analysis. There is so much you can learn from the candlesticks, and you can get clues about the direction of the market and also important price ranges that may exist.
This MT4 indicator is useful for analyzing candlestick charts. By using this indicator, you can easily see the strength of each candlestick.
Knowing the transaction volume is very important in trading as it can be evidence that trading is active if there is a lot of volume. Volume generally increases when news is announced and decreases when there are no news and few market participants are active at that moment.
This indicator for MT4 is a moving average line of the volume data. This indicator makes it easy to see long-term volume changes for the underlying asset that you are trading.
Demarker is an indicator that is very easy to use although it is not well known by many Forex traders.
The basic Demarker indicator also comes with the standard version of MetaTrader 4. The version of the Demarker that we will introduce in this article converts the original Demarker into a multiple timeframes Demarker (MTF).
With this indicator, you can easily perform MTF analysis at once just by taking one look at the chart.
This indicator is suitable for those who trade by looking at various time charts. Using the MTF Demarker eliminates the need to switch charts constantly.
This MT4 indicator is recommended for those who want to check the strength of various currency pairs at just a glance. You can easily see the strongest and weakest currency pairs by only throwing a look at this indicator. It can also be used for arbitrage trading. Here we introduce such a valuable and easy-to-use indicator.
In the above example, this indicator is used on the hourly chart. As you can see from the image, the strength of each specified currency pair can be easily observed visually on the chart of the indicator that is plotted below the candle price chart.
For example, in this particular case, we can see that USDJPY is being sold compared to the other pairs. You can also see the correlation between pairs such as AUDUSD and NZDUSD.
The EA introduced this time uses the famed ADX trend indicator. Not only does the ADX help in trend trading, it also strives to determine the entry and exit timing for each trade.
In particular, this EA uses a simple crossover system, so its accuracy can be high in certain market conditions. Read on to find out more about this valued MT4 Expert Advisor which you can get for free at the end of this article.
The EA (automatic trading software for MT4) introduced in this article uses a moving average line to generate trades. Particularly distinctive is its entry logic of this expert advisor which also allows you to set the order quantity.
CCI is a very popular indicator. Here is the histogram of such an indicator. Visibility is higher than normal CCI. Also, we have devised a histogram depiction method. Here we will explain such an indicator for MT4.
Please use this indicator for MT4 if you are wondering how the candlesticks of other time frames are changing. You can see the price movement of the most recent candle bar on each time frame in one shot by looking at this indicator. This indicator is particularly suitable for multiple time frame (MTF) analysts.
Here we will introduce how to use such a useful indicator.
Look at the above image. You should see that the indicator is depicted at the top left of the chart. In this way, using this indicator you can easily find out the price movement on each time frame candle - whether the most recent candlestick is bullish or bearish.
The mechanism is very simple, and it will display green if the candlestick closed positive, or red if the candle ended the session negative. This will allow you to trade more efficiently, without switching the chart every time when you want to check the candles on other time frames.
This indicator should be very useful for those who do MTF analysis.
There are many usages for this indicator among which the most common use is for trend analysis. For example, if all the boxes have the same color, it means that there may be a strong trend on that currency pair. However, it is necessary to be careful because this indicator only displays the price movement of the latest candlestick of each time frame.
It can also be used as a filter when trading. For example, it may be better to be careful if the candlestick of the upper time frame is a hidden line when placing a buy order.
Download the "Candle Direction" Indicator from the button below
Pivots help to identify important resistance bands and support bands. Many people will use pivots for loss and termination. Also, pivoting is popular for backers. This MT4 indicator is what I want to recommend to such people. This indicator will show you Kamhalilla Pivot for a day.
Moving Average (MA) is the most popular indicator. There are also many other indicators which are based on moving averages, such as the widely popular MACD. Because of this, most traders use moving averages in some way.
Our indicator for MT4 that is introduced below can display such moving average lines collectively.
This MT4 indicator is very unique. There are many people who have never seen such an indicator! This indicator is a combination of RSI and Ichizoku Balance Table, which enables you to perform different chart analysis. Let's look in more detail about such "RSI_ICIMOKU" full of such attractions.
With this indicator for MT4, you will be able to display the candlesticks of other timeframes on any timeframe. This indicator is another great tool for those who want to do multiple timeframe analysis. It also makes it easier to trade more accurately as you can see the price movements of other time frames. Here we will explain the "MTF Candles" indicator which can be used in various ways.
This MT4 indicator that we provide here is suitable for those who want to know how much time is left before the candlestick closes. The indicator shows the time it takes for the candlestick to close in the upper right corner of the chart. You can also view server time.
Bollinger Bands (BB) is a very popular indicator. The indicator for MT4 introduced this time describes the spread (width) of such bands. This will show you the volatility and also the times when you should not trade. In this article we will look at further usage, so if you like Bollinger bands definitely continue reading.
There are a lot of people who are trading using Moving Averages (MA). The moving average indicator is one of the most popular tools used in trading.
The MA Crossover MT4 indicator that we provide here will give you a signal with an alert for each crossover of moving average lines that you specify. By using this indicator, you can immediately see "When did the MAs cross over?" It is also highly reliable because it uses three moving average crossovers instead of just two.
The Super Trend Indicator is very popular and here is the multiple timeframes version of such a super trend indicator. With this indicator, you can see the value of the super trend indicator at a glance for various time frames.
Additionally, with this indicator, the chart is not messed up as it is displayed in the sub-window instead of the main chart.
Here we introduce such a revolutionary MT4 indicator "the MTF SuperTrend".
Forex Education - Basics:
Free Forex eBooks:
Forex Education - FX Brokers:
Forex Education - Technical Analysis:
Forex Education - Money Management:
Other trading tools: