Category: Oscillator Indicators

Gentor CCI V3 Indicator

The Gentor CCI V3 Indicator for MetaTrader 4 is an improved version of the Commodity Channel Index (CCI) indicator. Its signal baseline is on the zero level (a level that determines the market bias). When that baseline is green it means CCI values are positive. Conversely, a yellow baseline indicates negative CCI values.

TSI MACD Indicator

The TSI MACD Indicator for MT4 is a combination of the TSI (True Strength Index) and MACD (Moving Average Convergence Divergence) technical indicators into one oscillator. The indicator oscillates between -110 and +110, while its signal baseline is on the zero level (a level that determines the market bias: above 0 bullish bias, below 0 […]

DayDeMarker Indicator

The DayDeMarker Indicator is a custom forex oscillator that works to identify potential overbought/oversold areas of the market. These areas offer good entry points for swing trades. That gauge uses a unique formula for its calculations, therefore works in a different manner than most oscillators. Anatomy of the DayDeMarker Indicator The DayDeMarker Indicator provides two […]

DMI ADX Histogram Oscillator Indicator

The DMI ADX Histogram Oscillator Indicator for MT4 is, as the name suggests, a combination of the Average Directional Index (ADX) and the Directional Movement Index (DMI). As you probably know, the ADX measures the trend strength of an asset, and DMI defines its market direction. In the result, the indicator provides complex information about […]

RSI HMA Min Max Levels MTF Indicator

The RSI HMA Min Max Levels MTF Indicator for MT4 is a unique forex trading tool based on the Relative Strength Index (RSI) and Hull Moving Average (HMA). It displays a signal line that moves within a channel. When the signal goes outside the channel bands and then reverse inside, it’s marked with a dot […]

Ultimate Oscillator Indicator

The Ultimate Oscillator Indicator for MT4 was developed by Larry Williams. That oscillator applies a weighted average of values of three stochastic indicators defined on short, medium, and long periods. The length of periods is usually in the correlation 1:2:4 (doubling) or 1:2:3 (multiplicity). Periods should be chosen according to the characteristics of a certain […]

RSX RSI Bar Chart Indicator

The RSX RSI Bar Chart Indicator for MT4 displays custom bars calculated based on the Relative Strenght Index and the RSX indicator. Pay attention to the 20 and 80 levels, which are respectively oversold and overbought zones. When its bars falls below 20 level, the price will make a high-probability reversal. Similarly, the bars rises […]

Turn Area Forex Indicator

The Turn Area Forex Indicator for MT4 is a combination of Relative Strength (RSI) and Exponential Moving Average (EMA). The signals are represented in a form of the histogram bars that can reach overbought/oversold levels (20/-20 respectively). Due to the nature of its signals, that gauge can be considered as a reversal indicator. How does […]

Stochastic Divergence Indicator

The Stochastic Divergence Indicator for MT4 automatically recognizes divergences between price and Stochastic Oscillator. When the signal is spotted, it plots a buy/sell arrow accordingly. That technique defines the potential reversal of the market. How to use the stochastic divergence in practice? The Stochastic Divergence Indicator connects the peaks and dips of the Stochastic Oscillator […]

Chande’s Momentum Oscillator Indicator

The Chande’s Momentum Oscillator Indicator is a custom forex oscillator that was originally developed by Tushar Chande. As the name suggests, it is a technical indicator that attempts to capture the market’s momentum. As it is with all oscillators, a trader takes advantage of provided overbought/oversold levels. How to trade with the chandes momentum oscillator? […]