Technical Indicator - MetaTrader5 (Page 11)

Unlock Trading Insights with Moving Average Candlesticks for MT4

Moving Average Candlesticks for MetaTrader 4 is a handy tool that visualizes standard moving averages using candlestick bars. This indicator plots candlesticks based on moving average values calculated from the Close, Open, Low, and High prices. It provides a compact snapshot of detailed market data compared to the classic MA indicator. Plus, it’s versatile enough to work with any currency pair, timeframe, and moving average mode. You can find it available for both MT4 and MT5 platforms. Input Parameters MAPeriod (default = 10) — This sets the period of the moving average for calculations. MAType (default = MODE_SMA) — This determines the method of the moving average used. Example and Trading Strategy While the Moving Average Candlesticks indicator isn't the best standalone tool for trading, it’s great for highlighting moving average crossings and other chart parameters. Use it to identify irregularities in price action by observing the lengths of candlestick bodies and their shadows (wicks). Although color changes may seem like solid entry signals, be cautious as they can also generate a fair number of false signals.

2025.01.30

MetaTrader5

Unlocking Trading Insights with Moving Average Candlesticks on MT5

Moving Average Candlesticks Indicator for MT5 — This innovative tool gives you a fresh perspective on the standard moving average by visualizing it through candlestick bars. It creates candlesticks based on moving average values derived from the Close, Open, Low, and High prices. Compared to the classic moving average (MA) indicator, this provides a more compact snapshot of detailed market information, making it easier for you to analyze trends. Plus, it works seamlessly with any currency pair, timeframe, and MA mode, and is available for both MT4 and MT5 users. Input Parameters MAPeriod (default = 10) — This sets the period of the moving average used in the calculations. MAType (default = MODE_SMA) — This defines the type of moving average method you want to use. Example and Strategy While this indicator isn’t your go-to for direct trading, it serves as a valuable tool for spotting moving average crosses and other key chart parameters. By observing the lengths of the candlestick bodies and their shadows (or wicks), you can identify irregularities in price behavior. Although a change in color might look like a solid entry signal, be wary as it can produce a lot of false alarms.

2025.01.30

MetaTrader5

Unlock Trading Insights with the Market Profile Indicator for MetaTrader 5

Discover the Market Profile Indicator for MetaTrader 5 — This classic Market Profile tool is designed to provide traders with a clear view of price density over time. It highlights crucial price levels, the value area, and the control value for any given trading session. You can use this indicator on timeframes from M1 to D1, making it versatile for daily, weekly, monthly, or even intraday analysis. Lower timeframes give you more precision, while higher timeframes enhance visibility. You can even create a custom market profile on any timeframe using a free-draw rectangle session. Plus, with six different color schemes to choose from, you can easily visualize the profile's blocks, whether as a plain color histogram or color-coded based on bullish or bearish bars. This indicator relies solely on price action and does not incorporate any standard indicators. It's compatible with both MetaTrader 4 and MetaTrader 5. Input Parameters Main Settings Session (default = Daily) — Choose your trading session for the market profile: Daily, Weekly, Monthly, Intraday, or Rectangle. For a rectangle session, simply add a rectangle chart object with a name starting with MPR. You can press 'r' on your keyboard to quickly add a correctly named rectangle object. StartFromDate (default = __DATE__) — If StartFromCurrentSession is false, the indicator will begin drawing profiles from this specified date and will extend backward in time. For instance, if you set the date to 2018-01-20 and SessionsToCount is set to 2, it will draw profiles for both 2018-01-20 and 2018-01-19. StartFromCurrentSession (default = true) — If set to true, the indicator will start drawing from today; otherwise, it will use the date provided in StartFromDate. SessionsToCount (default = 2) — This parameter determines how many trading sessions will be drawn in the market profiles. SeamlessScrollingMode (default = false) — When set to true, the StartFromDate and StartFromCurrentSession parameters are ignored, allowing you to view sessions from the rightmost bar of the current chart position. This feature enables you to scroll back in time to analyze past sessions indefinitely. EnableDevelopingPOC (default = false) — If set to true, multiple horizontal lines will be displayed to show how the Point of Control has evolved throughout the session. EnableDevelopingVAHVAL (default = false) — When enabled (true), this setting will draw multiple horizontal lines to illustrate how the Value Area High and Value Area Low developed during the session. ValueAreaPercentage (default = 70) — This percentage defines the share of the session's Time Price Opportunities (TPOs) that will be included in the Value Area.

2025.01.30

MetaTrader4

Mastering Market Profile in MT4: Your Ultimate Trading Indicator

Market Profile Indicator for MetaTrader 4 — This is a classic Market Profile tool that helps traders visualize price density over time, highlighting key price levels, the value area, and control values for specific trading sessions. You can attach this indicator to any timeframe from M1 to D1, making it versatile for daily, weekly, monthly, or intraday sessions. Lower timeframes offer sharper precision, while higher timeframes provide better clarity. Plus, you can use a free-draw rectangle session to customize your market profile across any timeframe. It also comes with six different color schemes for drawing profile blocks, or you can opt for a plain color histogram. Another option is coloring the profile according to bullish or bearish bars. This indicator focuses on pure price action and does not rely on standard indicators, and it's compatible with both MetaTrader 4 and MetaTrader 5. Input Parameters Main Settings Session (default = Daily) — Choose the trading session for the market profile: Daily, Weekly, Monthly, Intraday, or Rectangle. For a rectangle session to be calculated, you need to add a rectangle chart object named starting with MPR to your chart. You can quickly add this by pressing 'r' on your keyboard. StartFromDate (default = __DATE__) — If StartFromCurrentSession is set to false, the indicator will start drawing profiles from this specified date and look back in time. For instance, setting it to 2018-01-20 with SessionsToCount set to 2 will draw profiles for both 2018-01-20 and 2018-01-19. StartFromCurrentSession (default = true) — When set to true, the indicator will begin drawing from today; otherwise, it will draw from the date specified in StartFromDate. SessionsToCount (default = 2) — Determines how many trading sessions to draw market profiles for. SeamlessScrollingMode (default = false) — If set to true, the parameters StartFromDate and StartFromCurrentSession will be ignored; sessions will be calculated starting from the rightmost bar of the current chart position, allowing you to scroll back in time indefinitely to review past sessions. EnableDevelopingPOC (default = false) — When true, multiple horizontal lines will illustrate how the Point of Control has evolved throughout the session. EnableDevelopingVAHVAL (default = false) — If set to true, it will draw multiple horizontal lines to indicate how the Value Area High and Value Area Low have developed during the session. ValueAreaPercentage (default = 70) — This represents the percentage of the session's TPOs that will be included in the Value Area.

2025.01.30

MetaTrader4

Unleash Trading Potential with Laguerre Indicator for MT4

Introducing the Laguerre Indicator for MetaTrader — a fully custom indicator that breaks away from the usual MT4/MT5 tools. This beauty presents a weighted trendline right in a separate window on your chart. It's perfect for spotting entry and exit signals with ease. And the best part? It's available for both MT4 and MT5 platforms! Input Parameters Gamma (default = 0.7) — Think of this as a smoothing factor for the line's levels. The higher the gamma, the smoother the line becomes, which can help you make clearer decisions. CountBars (default = 950) — This parameter sets the maximum number of bars the indicator uses for its calculations. If your system can handle it, crank this number up for better accuracy! Get ready to enhance your trading strategies with the Laguerre Indicator! Whether you're a seasoned trader or just starting out, this tool can provide the insights you need to make informed decisions.

2025.01.30

MetaTrader5

Unlocking the Laguerre Indicator for MetaTrader 5: A Trader's Guide

Discover the Laguerre Indicator for MetaTrader 5 — a uniquely crafted tool that steps away from the conventional indicators you find on MT4 and MT5. This indicator showcases a weighted trendline in a separate window on your chart, providing you with clear entry and exit signals. Whether you’re navigating the markets on MT4 or MT5, the Laguerre Indicator has got you covered. Input Parameters Explained Gamma (default = 0.7) — This multiplier plays a crucial role in calculating the line's levels. A higher gamma means a smoother line, so you can fine-tune it to match your trading style. CountBars (default = 950) — This parameter sets the maximum number of bars the indicator will calculate. If your system can handle it, crank this number up for better performance.

2025.01.30

MetaTrader4

Mastering the Keltner Channel in MT4: Your Guide to Trading Success

The Keltner Channel: A Must-Have Indicator for Traders — Developed by Chester W. Keltner back in 1960, the Keltner Channel is a classic tool in technical analysis. It shares some similarities with Bollinger Bands and Envelopes, making it a favorite among traders. This indicator features three plotted lines: the middle line is a 10-day simple moving average calculated from the typical price ((high + low + close) / 3). The upper and lower bands are created by adding and subtracting the daily price range (the difference between High and Low) from this middle line. Essentially, it crafts a volatility-based channel that helps traders make informed decisions. You can tweak the moving average parameters in this version of the indicator, and it’s available for both MT4 and MT5 platforms. Input Parameters MA_Period (default = 10) — This sets the period for the moving average (the middle line). Mode_MA (default = MODE_SMA) — This defines the type of moving average used for the middle line. Price_Type (default = PRICE_TYPICAL) — This indicates the price type applied to the moving average (the middle line). Example and Strategy A straightforward strategy with the Keltner Channel involves going long when the price closes above the upper band and going short when it closes below the lower band. This strategy is a solid entry system; however, exits can be managed using various methods. For a more conservative approach, consider a tight stop-loss (as false signals can crop up). You might also opt for a distant take-profit target or exit when the price crosses the middle line. Many traders find it beneficial to use additional indicators for confirmation before making a move. From a mathematical standpoint, the channel emphasizes the upper band during uptrends and the lower band during downtrends. This means that in a rising trend, the upper line is less likely to be breached, while the opposite holds true for established downtrends.

2025.01.30

MetaTrader5

Mastering the Keltner Channel on MT5: A Trader's Guide

The Keltner Channel Indicator on MetaTrader 5 is a classic tool that traders have been using since its creation by Chester W. Keltner in 1960. If you’re familiar with Bollinger Bands or Envelopes, you’ll find the Keltner Channel has some similarities. This indicator features three lines: the middle line is a 10-day simple moving average (SMA) calculated from the typical price, which is derived from the formula ((high + low + close) / 3). The upper and lower bands are created by adding and subtracting the average daily price range (the difference between the high and low) to and from the middle line, effectively forming a volatility-based channel. You can tweak all the parameters of the moving average in this MT5 version, making it versatile for your trading style. Input Parameters MA_Period (default = 10) — This sets the period for the moving average (middle line). Mode_MA (default = MODE_SMA) — Choose the type of moving average for the middle line. Price_Type (default = PRICE_TYPICAL) — Select the price type used for the moving average calculation. Trading Strategy with Keltner Channel When trading with the Keltner Channel, a straightforward strategy involves going long when the price closes above the upper band and going short when it closes below the lower band. This can serve as a solid entry point. For exits, you might consider a conservative stop-loss (as false signals can occur), a more distant take-profit level, or a crossover with the middle line. Many traders also recommend using additional indicators for confirmation before making a move. Interestingly, the channel's design means that the upper line tends to hold up during established uptrends, while the lower line does the same during downtrends. This suggests that breaking the upper line in a rising market is less likely, and the opposite is true for a downtrend.

2025.01.30

MetaTrader5

Master Your Trading with Gain/Loss Info Indicator for MT5

Gain/Loss Info Indicator for MetaTrader 5 is a powerful tool for traders who want to keep tabs on their gains and losses across all candles. This handy indicator shows you when your specified thresholds are exceeded, calculating values in both points and percentages. You can choose between two modes for gain/loss calculations: the simple candlestick Close and Open difference, or the difference between the current Close and the previous Close. With customizable features like minimum change limits (for both pips and percentage), mode selection, and font color control for the output numbers, it’s a must-have for your trading arsenal. And the best part? It’s available for both MT4 and MT5! Input Parameters PercentageLimit (default = 1.0) — sets the minimum threshold for changes to be displayed in percentage points. PointsLimit (default = 1000) — establishes the minimum threshold for changes to be displayed in points. CloseToClose (default = true) — if true, the indicator compares the current Close to the previous Close; if false, it compares the current Close to the current Open. DisplayLossColor (default = clrRed) — sets the color for displaying negative price changes. DisplayGainColor (default = clrGreen) — sets the color for displaying positive price changes. MaxBars (default = 100) — determines the maximum number of bars used for calculations; keep in mind, the higher the number, the more lagging the indicator becomes. FontFace (default = "Verdana") — specifies the font type for display. FontSize (default = 10) — sets the font size for the display. ObjectPrefix (default = "GLI-") — a prefix for chart objects to ensure compatibility with other indicators.

2025.01.30

MetaTrader5

Float MT5: The Essential Indicator for Trend Analysis

Float MetaTrader Indicator is a powerful tool designed for traders who want to dive deep into the trends of their chosen currency pairs. It analyzes historical chart data and helps identify where trends begin and end in a dedicated chart window. With features like Fibonacci retracement levels and DiNapoli levels displayed directly on your main chart, it’s like having a personal trading assistant right at your fingertips. Plus, it indicates how recently local highs and lows were identified, giving you crucial insights into market movements. This indicator is available for both MT4 and MT5 platforms. It’s important to note that the indicator repaints its levels based on the last 200 bars it processes by default. This means you might find that its signals for new highs or lows could change as the market evolves. So, while it’s a great tool for analyzing trend durations and key chart levels, it shouldn’t be your sole trading signal. Input Parameters Float (default = 200) — This sets the number of bars analyzed for trend detection. A lower number gives you more current data but can affect accuracy. ObjectPrefix (default = "FI-") — This prefix helps maintain compatibility with other indicators. DisableDinapoli (default = false) — Set to true to hide DiNapoli levels from the main chart window. DisableFibonacci (default = false) — Set to true to exclude Fibonacci levels from your main chart. DrawVerticalLinesAsBackground (default = false) — Choose true to display vertical trend lines as a background, keeping your chart clear. SwingBorderColor (default = clrBlue) — Defines the color of the swing zone borders. SwingBorderWidth (default = 1) — Sets the width of the swing zone borders. SwingBorderStyle (default = STYLE_SOLID) — Determines the style of the swing zone border lines. SwingLinesColor (default = clrRed) — Color for the swing lines on your chart. SwingLinesWidth (default = 1) — Adjusts the width of the swing lines. SwingLinesStyle (default = STYLE_DOT) — Sets the line style for the swing lines. FiboColor (default = clrGreen) — Color for the Fibonacci levels. FiboWidth (default = 1) — Width of the Fibonacci lines. FiboStyle (default = STYLE_DASH) — Line style for the Fibonacci levels. DinapoliColor (default = clrRed) — Color for the DiNapoli levels. DinapoliWidth (default = 1) — Width of the DiNapoli lines. DinapoliStyle (default = STYLE_DOT) — Line style for the DiNapoli levels.

2025.01.30

MetaTrader4

Track Your Gains and Losses with the Gain/Loss Info Indicator for MT4

Gain/Loss Info Indicator for MetaTrader — This handy tool helps you keep tabs on your trading performance by displaying the gains and losses across all candles once a specified threshold is exceeded. You’ll see values calculated in both points and percentage, making it easy to understand your trading results at a glance. The indicator operates in two modes: it can calculate gains and losses based on the difference between the current candle's Close and Open, or by comparing the current Close to the previous Close. You also have the flexibility to set minimum change limits in both pips and percentage, adjust the display modes, and customize the font color for the output numbers. Plus, it's compatible with both MT4 and MT5 platforms! Input Parameters PercentageLimit (default = 1.0) — This sets the minimum threshold for the change to be displayed, measured in percentage points. PointsLimit (default = 1000) — This establishes the minimum threshold for the change to be displayed, measured in points. CloseToClose (default = true) — If set to true, the indicator will compare the current Close to the previous Close. If false, it will compare the current Close to the current Open. DisplayLossColor (default = clrRed) — This defines the color for displaying negative price changes. DisplayGainColor (default = clrGreen) — This sets the color for showing positive price changes. MaxBars (default = 100) — This parameter limits the maximum number of bars the indicator will calculate on. Keep in mind, a higher number can make the indicator lag. FontFace (default = "Verdana") — This specifies the font style used for the display. FontSize (default = 10) — This sets the font size for the displayed information. ObjectPrefix (default = "GLI-") — This prefix is used for chart objects to ensure compatibility with other indicators.

2025.01.30

MetaTrader5

Mastering the Fisher Indicator on MetaTrader 5: A Trader's Guide

The Fisher Indicator for MetaTrader 5 is a straightforward yet powerful histogram tool that helps you gauge the direction and strength of market trends while signaling potential trend reversals. Unlike standard indicators you might find on MT4 or MT5, the Fisher Indicator relies solely on advanced calculations derived from previous price highs and lows. This custom approach makes it a unique asset in your trading arsenal. Understanding the Fisher Indicator This indicator operates by analyzing the relationship between current prices and past extremes, making it a key player in identifying market shifts. Keep in mind, though, that it’s a repainting indicator; it recalibrates past bars as new data comes in, so you need to be patient when interpreting its signals. Input Parameters Period (default = 10) — This setting determines the number of bars used to calculate the maximum and minimum price levels. A higher period value will reduce false trend signals but may lag in responsiveness. In the chart example above, you'll notice that upward trends are represented by green histogram bars, while downward trends show up as red bars. Trading with the Fisher Indicator is quite intuitive: you can close your short positions and enter long trades when the histogram shifts from red to green. Conversely, if the bars turn from green to red, it's time to exit long positions and consider shorting. With the default period setting of 10, it’s shown to be quite effective on the EUR/USD H1 chart. However, be aware that you'll need to wait for a few bars before acting on any signals, as repainting can change the indicator’s readings.

2025.01.30

MetaTrader5

Unlocking Trading Opportunities with Flexible Momentum for MT5

Flexible Momentum (MT5 Indicator) is a powerful tool designed for traders using MetaTrader 5. It calculates the change in a currency rate over a specified time period (in seconds) and displays the results as both points and percentages right on your main chart. What’s great about this indicator is its customizable alerts that notify you when maximum momentum thresholds are reached, whether in points or percentage. Just a heads up, since it uses tick history for calculating momentum, it’s exclusive to MT5. The primary goal of the Flexible Momentum indicator is to alert you to significant price movements in a short timeframe. This can be invaluable when deciding to hop into a new trade or when contemplating the exit strategy for an ongoing one. Input Parameters Main Settings Seconds (default = 10) — Sets the time frame (in seconds) for calculating price changes. ThresholdPoints (default = 30) — The point threshold that triggers alerts, based on your configuration. ThresholdPercentage (default = 0.02) — The percentage threshold for triggering alerts, also configurable. DiscardIfOlder (default = 1) — Discards calculations if the ticks used are older than the specified number of seconds. PriceToUse (default = Bid) — Choose the type of price for calculations: Bid, Ask, or Midprice. Alert Options AlertBehavior (default = No alerts) — Determines the response when a threshold is breached: No alerts — No action is taken. Single alert until next breach — Receives an alert until momentum dips below the threshold. This works separately for points and percentage thresholds. Continuous alerts whenever condition is met — Alerts will be issued for every tick if momentum exceeds the threshold. Alert on condition with time limit for next alert — Alerts are sent at intervals defined by the next parameter if momentum stays above the threshold. AlertTimeLimitForRestricted (default = 5) — Sets a pause in seconds for the next alert, applicable only if AlertBehavior is set to the time-limited option. EnableNativeAlerts (default = false) — If true, a native MetaTrader popup alert will trigger when the alert condition is met. EnableEmailAlerts (default = false) — If true, an email notification will be sent when the alert condition is met. Ensure your email is set up correctly in MetaTrader via Tools->Options->Email. EnablePushAlerts (default = false) — If true, you’ll receive a push notification when the alert condition is met. Make sure notifications are configured in MetaTrader via Tools->Options->Notifications. Display Settings Font Size (default = 8) — Adjusts the font size for the displayed text. Up Color (default = clrGreen) — The text color for positive price changes. Down Color (default = clrRed) — The text color for negative price changes. No Change Color (default = clrBlue) — The text color when there’s no change in price or not enough ticks. X Distance for Text (default = 21) — Horizontal distance (in pixels) from the selected screen corner to the text. Y Distance for Text (default = 20) — Vertical distance (in pixels) from the selected screen corner to the text. Text Corner (default = CORNER_LEFT_LOWER) — The corner of the chart where the text will be displayed. Text Object Name (default = "FM_Text") — The object name for the text showing the momentum value.

2025.01.30

MetaTrader4

Float MT4 Indicator: Elevate Your Trading with Trend Analysis

Discover the Float Indicator for MetaTrader 4 — a powerful tool designed for traders who want to enhance their market analysis. This sophisticated indicator dives deep into historical chart data for your chosen currency pair, helping you identify trend beginnings and endings right within a dedicated chart window. It incorporates Fibonacci retracement levels along with DiNapoli levels, providing a comprehensive view of market movements. Plus, it shows how recently local highs and lows were established. You can use this indicator on both MT4 and MT5 platforms. Keep in mind that the Float indicator repaints its levels based on the last 200 bars by default. This means its detection of new peaks or troughs may change as the market evolves, so it’s not advisable to rely solely on these signals for trading decisions. Instead, use it as a tool for analyzing trend swing durations and pinpointing significant chart levels. Input Parameters Float (default = 200) — The number of bars processed for trend analysis. A lower number means more current data but less accuracy. ObjectPrefix (default = "FI-") — This prefix helps ensure compatibility with other indicators. DisableDinapoli (default = false) — Set to true to hide DiNapoli levels from the main chart. DisableFibonacci (default = false) — Set to true to hide Fibonacci levels from the main chart. DrawVerticalLinesAsBackground (default = false) — Set to true to draw vertical lines as background, preventing them from obscuring your chart. SwingBorderColor (default = clrBlue) — The color for the swing zone borders. SwingBorderWidth (default = 1) — The thickness of the swing zone borders. SwingBorderStyle (default = STYLE_SOLID) — The line style for swing zone borders. SwingLinesColor (default = clrRed) — The color of the swing lines. SwingLinesWidth (default = 1) — The thickness of the swing lines. SwingLinesStyle (default = STYLE_DOT) — The line style for swing lines. FiboColor (default = clrGreen) — The color of the Fibonacci levels. FiboWidth (default = 1) — The thickness of the Fibonacci levels. FiboStyle (default = STYLE_DASH) — The line style for Fibonacci levels. DinapoliColor (default = clrRed) — The color of the DiNapoli levels. DinapoliWidth (default = 1) — The thickness of the DiNapoli levels. DinapoliStyle (default = STYLE_DOT) — The line style for DiNapoli levels.

2025.01.30

MetaTrader5

Mastering Trends: Easy Trend Visualizer for MetaTrader 5

Easy Trend Visualizer is a nifty indicator for MetaTrader 5 that does exactly what it promises. It identifies where trends start and end, as well as areas where there’s no trend at all. This tool, based on the standard ADX (Average Directional Movement Index) indicators, works like a charm and is quick to respond. You’ll find it displayed right in the main chart window, making it easy to spot trends at a glance. What’s more, the Easy Trend Visualizer comes packed with a variety of alerts. You can set notifications for horizontal line appearances, crossovers, and directional arrows, ensuring you never miss a key moment in the market. This indicator is available for both MT4 and MT5 platforms, giving you flexibility depending on your trading setup. Input Parameters ADXperiod1 (default = 10) — This sets the period for the first ADX indicator. ADXperiod2 (default = 14) — This establishes the period for the second ADX indicator. ADXperiod3 (default = 20) — This defines the period for the third ADX indicator. UseAlertHorizontalLine (default = false) — Toggle alerts for when a horizontal line starts. UseAlertUpDownArrows (default = false) — Activate alerts when an up or down arrow appears on your chart. UseAlertHorizontalLineCrossCurrent (default = false) — Set alerts for when a candle crosses the current horizontal line. UseAlertHorizontalLineCrossPrevious (default = false) — Enable alerts for when a candle crosses any of the previous horizontal lines. NumberPHLtoTrack (default = 0) — This defines how many previous horizontal lines to track for alerts. You’ll get alerts when the price crosses and closes above or below one of these lines. IgnorePHLShorterThan (default = 2) — Set the minimum length for previous horizontal lines to be considered for alerts. Lines shorter than this will be ignored to prevent confusion. PHLC_Arrow_Color (default = clrChocolate) — This sets the color for alert arrows on previous horizontal line crosses. CHLC_Arrow_Color (default = clrFireBrick) — This chooses the color for alert arrows on current horizontal line crosses. NativeAlerts (default = true) — If true, the indicator will generate native pop-up alerts. SendEmails (default = true) — If true, alerts will also be emailed. Make sure your email settings are configured correctly in MetaTrader under Tools -> Options -> Email. SendNotifications (default = true) — If true, alerts will be sent as push notifications to your mobile device. Ensure your notifications are set up in MetaTrader via Tools -> Options -> Notifications.

2025.01.30

MetaTrader4

Mastering the Fisher Indicator on MT4: A Trader's Guide

The Fisher Indicator is a straightforward histogram tool designed to help traders identify the direction and strength of market trends while also signaling potential trend reversals. Unlike many indicators you might find on MetaTrader 4 (MT4) or MetaTrader 5 (MT5), the Fisher Indicator operates independently of traditional indicators. Its calculations hinge on analyzing previous price extremes, utilizing some advanced mathematical techniques to relate current prices to these max/min values. It's available for both MT4 and MT5 platforms, but bear in mind that it’s a repainting indicator, meaning it recalibrates earlier bars as new data comes in. Input Parameters Period (default = 10) — This setting adjusts the number of bars used to calculate the maximum and minimum values. A higher period will reduce the number of false trend signals but may also introduce some lag in responsiveness. In the chart example above, you can see upward trends highlighted by green histogram bars, while downward trends are indicated by red bars. Trading with the Fisher Indicator is quite intuitive. You can exit short positions and enter long trades when the histogram shifts from red to green. Conversely, if the histogram changes from green to red, it’s a signal to close long positions and consider going short. With the default setting of 10, many traders have found it to be quite reliable on the EUR/USD H1 chart. Just keep in mind, you'll need to be patient, as you may have to wait for a few bars before executing a trade based on the signal due to its repainting nature.

2025.01.30

MetaTrader4

Unlock Trading Success with Easy Trend Visualizer for MT4

Easy Trend Visualizer is your go-to indicator for MetaTrader 4 that does just what it says on the tin! It helps you pinpoint where trends start, where they end, and even shows you when there's no trend at all. Built on the reliable ADX (Average Directional Index) framework, this tool is designed to keep up with the fast-paced world of trading. You’ll find the Easy Trend Visualizer right in your main chart window, making it an essential part of your trading toolkit. Key Features This nifty indicator also offers a variety of alerts to keep you in the loop: Horizontal Line Alerts: Get notified when a horizontal line appears or when price crosses it. Arrow Alerts: Watch for up and down arrows that signal potential trading opportunities. Previous Line Cross Alerts: Stay ahead of the game by getting alerts when prices cross previous horizontal lines. Input Parameters ADXperiod1 (default = 10) — Sets the period for the first ADX indicator. ADXperiod2 (default = 14) — Sets the period for the second ADX indicator. ADXperiod3 (default = 20) — Sets the period for the third ADX indicator. UseAlertHorizontalLine (default = false) — Enables alerts for horizontal line beginnings. UseAlertUpDownArrows (default = false) — Alerts when up or down arrows pop up. UseAlertHorizontalLineCrossCurrent (default = false) — Alerts when a candle crosses the current horizontal line. UseAlertHorizontalLineCrossPrevious (default = false) — Alerts when a candle crosses a previous horizontal line. NumberPHLtoTrack (default = 0) — Sets how many previous horizontal lines to track for alerts. IgnorePHLShorterThan (default = 2) — Minimum length for previous lines to qualify for alerts. PHLC_Arrow_Color (default = clrChocolate) — Choose the color for previous line cross alert arrows. CHLC_Arrow_Color (default = clrFireBrick) — Choose the color for current line cross alert arrows. NativeAlerts (default = true) — Enables native pop-up alerts from the indicator. SendEmails (default = true) — Sends alerts to your email, provided you've set it up under Tools -> Options -> Email. SendNotifications (default = true) — Sends push notifications to your mobile device (make sure notifications are set up under Tools -> Options -> Notifications).

2025.01.30

MetaTrader5

Mastering Dots Indicator on MetaTrader 5: A Trader's Guide

Understanding the Dots Indicator for MetaTrader 5 The Dots Indicator is a fantastic tool for traders looking to gauge market trends. Originally developed by TrendLaboratory back in 2006, this indicator does a great job of visually representing the current trend direction right on your main chart. You’ll spot blue dots signaling a bullish trend and red dots indicating a bearish one. While it doesn't rely on standard MetaTrader indicators, it does make a call to iMA() (moving average) to derive price values based on your selected input type—like Close, Open, High, Low, and so on. The calculations hinge on the cosine of the price change angle, giving you a unique perspective on market movements. Plus, you can tweak several input parameters to suit your trading style. Best of all, it’s available for both MT4 and MT5 platforms. Input Parameters Length (default = 10) — This defines the period for the indicator. A higher value means more lag but fewer false signals, which can help you avoid unnecessary trades. Applied Price (default = PRICE_CLOSE) — Choose the price type you want to use in your calculations. Filter (default = 0) — This handy parameter helps filter out spikes without adding lag, giving you cleaner signals. Deviation (default = 0) — Use this to shift the indicator display vertically, adjusting its placement on your chart. Shift (default = 0) — This allows you to shift the indicator display horizontally, giving you more control over its positioning. For the best results, consider waiting for two dots of the same color before jumping into a trade aligned with the trend. That being said, there are times when this approach may not work as expected. To improve your chances, you might want to use a single dot signal while setting the Filter parameter to around three times the spread of the currency pair in question. This little tweak could give you a better edge!

2025.01.30

MetaTrader4

Mastering Trend Analysis with Dots Indicator for MT4

Dots Indicator for MetaTrader 4 is a fantastic tool that helps traders identify the current trend direction with ease. Based on a 2006 creation by TrendLaboratory, this indicator places colored dots right on your main chart. Blue dots indicate a bullish trend, while red dots signal a bearish trend. What sets this indicator apart is that it doesn't depend on any standard MetaTrader indicators. Instead, it employs a call to iMA() (moving average) to derive price values based on the input price type (Close, Open, High, Low, Typical, etc.). The calculation hinges on the cosine of the price change angle, making it a unique choice for traders. Input Parameters Length (default = 10) — This defines the period of the indicator. A higher value means more lagging but fewer false signals. AppliedPrice (default = PRICE_CLOSE) — Choose the price type to use in your calculations. Filter (default = 0) — This nifty parameter helps filter out spikes without introducing lag. Deviation (default = 0) — Adjusts the vertical display of the indicator. Shift (default = 0) — Moves the indicator display horizontally. For optimal results, a solid strategy is to wait for two dots of the same color before entering a trade in the direction of the trend. However, be cautious as there are times when this method might not perform as expected. A better approach could be to utilize a single dot signal with the Filter parameter set to something like three times the currency pair's spread.

2025.01.30

MetaTrader4

Unlocking the Donchian Ultimate Indicator for MT4: A Trader's Guide

Introducing the Donchian Ultimate Indicator for MT4 – this isn't just your run-of-the-mill Donchian channel. We've packed it with features to enhance your trading experience: Adjustable period and shift for the Donchian channel. A middle line option that you can toggle off. Multi-timeframe (MTF) support for versatile analysis. Five distinct calculation methods for setting channel boundaries. Optional support and resistance zones near the main Donchian channel borders. A robust alert system to keep you informed. Extensive customization to fit your trading style. This indicator operates within the main window and doesn’t rely on any standard or custom indicators in its code. The Donchian Ultimate is compatible with MT4, MT5, and cTrader platforms. Input Parameters Period (default = 20) — sets the period for the Donchian channel. Timeframe (default = Current) — choose the timeframe for channel calculation. If set to a higher timeframe, it’ll display that channel on your current chart. Lower timeframe settings will be ignored. Price Type (default = Highest High (Lowest Low)) — select the price type for calculations. Options include: Highest High (Lowest Low) — classic setup with the upper band as the Highest High and the lower band as the Lowest Low of the period. Average Highest High, Highest Open (Lowest Low, Lowest Open) — upper band as the average of the Highest High and Highest Open, lower band as the average of the Lowest Low and Lowest Open. Average Highest High, Highest Close (Lowest Low, Lowest Close) — upper band as the average of the Highest High and Highest Close, lower band as the average of the Lowest Low and Lowest Close. Highest Open (Lowest Open) — upper band as the Highest Open, lower band as the Lowest Open. Highest Close (Lowest Close) — upper band as the Highest Close, lower band as the Lowest Close. Shift (default = 0) — sets the indicator's shift in bars. Show Resistance Span (default = true) — if true, the upper resistance span will show on your chart. Show Support Span (default = true) — if true, the lower support span will show on your chart. Alert Candle (default = Previous) — choose the candle for alerts: Previous for the last closed candle or Current for the ongoing candle. Alert About Bullish Crossing of Mid Line (default = true) — if true, alerts will trigger when a candle closes crossing the middle line from below. Alert About Bearish Crossing of Mid Line (default = true) — if true, alerts will trigger when a candle closes crossing the middle line from above. Alert About Candle Close Inside Resistance (default = true) — if true, alerts will trigger when a candle closes inside the resistance zone. Alert About Candle Close Inside Support (default = true) — if true, alerts will trigger when a candle closes inside the support zone. Show Alert (default = false) — if true, the indicator will utilize MetaTrader's built-in pop-up alerts. Send Email (default = false) — if true, the indicator will send email alerts via MetaTrader. Ensure your email settings are configured under Tools > Options > Email. Send Notification (default = false) — if true, the indicator will send push notifications through MetaTrader. Set these up in Tools > Options > Notifications. Example and Strategy Like the classic Donchian channel, the Donchian Ultimate isn’t designed to generate buy or sell signals on its own. However, it effectively illustrates the current trend situation and indicates how close the price is to reversing or continuing the trend. Check out the chart below — you’ll notice the upper band rises steadily when a trend kicks off, while both bands tend to move sideways during consolidation:

2025.01.30