Category: Momentum Indicators
2Line MACD Indicator
The 2Line MACD Indicator is an improved and updated version of the standard MetaTrader 4 MACD oscillator. How to use 2line macd? First, you need to determine the overall market trend. You can use trendline or moving average for that purpose. More advanced traders can utilize bounces from supply and demand or pivot levels. The […]
MA Momentum Arrows Indicator
The MA Momentum Arrows indicator is based on the MA (Moving Average) applied to the Momentum indicator. It draws arrows at the confirmed crosses of the Momentum line over the MA line. When the Momentum crosses upwards, then a buy arrow is displayed and vice versa. The arrows do not repaint since the indicator only […]
TrendlessOS Histogram Indicator
The TrendlessOS Histogram Indicator for MT4 provides gray and colorful readings based on price movements. When you see a green, red or blue bar exceeding the overbought or oversold level defined by dotted lines – it means a high-probality market reversal in underway. The best use case for this tool is combination with other technical […]
MACD Chart Points Indicator
The MACD Chart Points is a simple forex gauge showing precise moments of switches between positive and negative MACD readings. These dots can be even used as entries. Nonetheless, this tool should be rather used in combination with other technical analysis indcators – e.g moving averages providing trend direction. EUR/GPY H1 Example Chart Supplying it […]
Next Move Indicator
The Next Move Indicator is a custom forex tool that displays a prediction of price movement in the nearest future. The signals are shown in the form of a pink line. The indicator is displayed directly in the main trading chart and on the right side. We suggest to use it as a filter for […]
Ary Aind Indicator
The Ary Aind Indicator acts and works in a similar manner to the Moving Average Convergence Divergence (MACD) indicator. The readings can be considered as momentum. As a rule of thumb, the green bars correspond to bullish setup and red bars reflect bearish scenario. Please note, that this indicator is repainting. Example chart:
Ehlers Fisher Transform MTF Indicator
The Ehlers Fisher Transform MTF Indicator for MT4 is a popular tool for detecting ongoing market trends and also reversal points. The approach is pretty simple – green histogram bars correspond to bullish setup and red bars reflect bearish scenario. The moment when these readings switch is a trigger for potential and high-probabality reversal. Example […]
DMI Alert Indicator
The DMI Alert Indicator for MT4 is based on a Directional Movement Index, but it additionally displays buy/sell alerts. It consists of two lines: a red one and a green one. The red line above the green line indicates a bearish trend-momentum. Similarly, the green line above the red line suggests a bullish trend-momentum. Example […]
Snake in Borders Indicator
The Snake in Borders Indicator for MT4 looks like a MACD but it has ability to display negative and positive values on the same time. The provided histogram bars may have regular and bold thickness. Usage suggestions: When the snake readins reach both sides of the scale, it means market direction is not very solid. […]
T3 ALPHA Indicator
The T3 ALPHA Indicator for MT4 is a custom forex trading tool that looks like a combination of MACD and Moving Averages. Signals provided by this tool are pretty simple. Just look for buy trades when the green and pink lines are below the blue line. Similarly, look for sell trades the green and pink […]
