Category: Oscillator Indicators
RSI Color Indicator
The RSI Color indicator for MT4 is a custom Relative Strength Index indicator. It has an additional feature that colorizes the oscillator line when it hits the overbought/oversold area. You will also find buy/sell arrows which are displayed when the oscillator reaches these levels.
Profit Indicator
The Profit indicator is a custom crossover forex indicator that was designed to give its users good profits from the currency market. It consists of two elements: the main green/red signal line, and the yellow line. Simplified trading rules: Buy entry – main signal lines is green (above 0 level) and crosses above the yellow […]
Trend Direction Force Indicator
The Trend Direction Force indicator for MT4 is a trend-following buy/sell signal forex oscillator that works really well. It can be utilized as a reversal gauge too. The signal line moves between extreme values of 1 and -1. Most of the time it hovers around 0 level, and the signal occurs when it shoots up […]
Center Of Gravity Oscillator
The Center Of Gravity Oscillator produces nearly zero lag readings of the market corrections and turning points (pivot points) with high accuracy. That indicator is a result of years of studies of adaptive filters by John Ehler and was developed and presented in Stocks & Commodities magazine in 2002. The custom formula of that gauge […]
CMO Smoothed Indicator
The CMO Smoothed indicator is based on Chande Momentum Oscillator but it uses smoothed price for its formula calculations. It is an oscillator so the signal line moves between overbought (50) and oversold (-50) levels. Usually, when the price is overbought – you should be looking for sell opportunities. Similarly, when the price is oversold […]
Trend Quality Indicator
The Trend Quality indicator was first introduced by David Sepiashvili. It is a trend detection and estimation tool that is based on a two-step filtering technique. It measures cumulative price changes over term-oriented semicycles and relates them to “noise.” Essentially it works in a similar manner to the oscillator. Higher values mean a higher quality […]
Zee Zee Alert Indicator
The Zee Zee Alert indicator is based on Commodity Channel Index (CCI) swing trading tool. It recognizes the overbought/oversold states of the market. There is also a crossover signal system for filtering its own trade signals. How to interpret the zee zee readings? Signals provided by the Zee Zee Alert Indicator may look complex at […]
Elliott Wave Oscillator Indicator
The Elliott Wave Oscillator indicator technically is the difference between a 5-period and 35-period simple moving average (SMA) based on the close of each candlestick. It’s helpful in determining where an Elliott wave ends and a new one starts. In other words, determining when the market price movement changes its direction (a reversal point) to […]
Colored Stochastic Indicator
The Colored Stochastic indicator for MT4 is, as the name suggests, a custom stochastic forex gauge that colorizes the oscillator when it reaches overbought/oversold levels. You can set alerts when that situation occurs or you can even set arrows to display on the chart.
Absolute Strength Oscillator
The Absolute Strength Oscillator measures two main forces driving the markets: bulls and bears. In other words, it shows whether the dominant players are buyers or sellers. The very moments these forces change are visible in a crossovers between two lines repesenting both parties. Le’ts analyze this tool in more details. The anatomy of absolute […]
