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ADR Indicator
The ADR Indicator for MT4 is a forex technical analysis gauge that measures the average daily range of the market for the current day. That way, it helps traders to forecast the take profit and stop-loss levels as well as the support and resistance levels. That forex indicator plots two lines indicating the high and […]
Market Sessions Indicator
The Market Sessions Indicator for MT5 displays separate forex trading sessions and it’s available to free download. What’s more, it also shows the maximum and minimum prices of the preceding market session. Trading conditions are more favorable during certain sessions, which are marked by higher market liquidity. Understanding market sessions As you can see, that […]
Murrey Math Lines Indicator
The Murrey Math Lines Indicator for MT4 is a technical analysis tool that identifies horizontal support and resistance levels of price on trading charts and it’s available to free download. It functions similarly to pivot point indicators and Fibonacci retracements. This indicator was created by T. Henning Murrey with the goal of providing day traders […]
Weis Wave Volume Indicator MT4
The Weis Wave Volume Indicator for MT4 is a forex technical analysis trading tool that leverages both momentum and volume to gauge buying and selling pressure in the market. By measuring the intensity of price changes alongside the volume of trades, this tool provides insight into market trends. The wave structure of the Weis Wave […]
Trendanator Indicator
The Trendanator Indicator for MT4 is designed to help users identify trading signals that align with the current market trend as accurately as possible and it’s available to free download. It utilizes Trendanator Bars as the primary detector of market trend and it’s used to refine the trade signals for its users. Analysis of the […]
SMA Crossover Justin Alert MTF Indicator
The SMA Crossover Justin Alert MTF Indicator for MT4 displays buy/sell arrows which are based on a crossover of two Simple Moving Averages and it’s available for free download. Actually, these two lines are not plotted directly on the chart, only signals are placed. Interested? If so, let’s take a closer look at it and […]
Guppy Multiple Moving Averages Indicator
The Guppy Multiple Moving Averages (GMMA) Indicator for MT4 is a forex technical indicator that exploits moving average ribbons in the context of potential price breakouts of a currency pair. It was originally introduced by an Australian trader named Daryl Guppy, hence, the name of that tool. There are 13 Exponential Moving Averages (EMAs) to […]
Oracle Direction Indicator
The Oracle Direction Indicator for MT4 uses blue and red arrows in two rows to provide buy or sell signals respectively and it’s available for free download. Both rows must be in agreement regarding trend direction before opening a trade, but is it any good? Let’s find out. Getting familiar with the Oracle Direction Indicator […]
TZ Breakout Indicator
The TZ Breakout Indicator for MT4 defines forex support and resistance levels that the price can next break through and thus generate trading signals, plus it’s available for free download. In order to utilize that tool properly, one should be familiar with price action patterns. Experienced forex traders may use it right away, while beginners […]
Hodrick-Prescott Channel Indicator MT4
The Hodrick-Prescott Channel Indicator for MT4 is a price channel based on the Hodrick-Prescott digital filter and it’s available for free download. Instead of having static support and resistance levels, it plots dynamic bands that adjust to the ongoing price action. As the result, a forex trader receives more accurate potential entry points. Are you […]
