Introduction to the TMA Centered Bands Indicator The TMA Centered Bands Indicator draws a trend-following price channel along with the dynamic support and resistance levels. It helps to understand the trend conditions and provides potential areas to enter the market. The TMA Centered Bands Indicator fits all kinds of timeframes and currency pairs. It is…
Category: Forex MT4 Indicators
MACD Histogram with Filter MA Indicator MT4
Introduction to the MACD Histogram with Filter MA Indicator The MACD Histogram with Filter MA Indicator is, as the name suggests, a combination of the popular momentum indicator MACD Histogram with the trend determinator Moving Average. As a result, one gets a gauge that provides the correct areas to make the market entry and trade…
Trend Strength Indicator MT4
Introduction to the Trend Strength Indicator The Trend Strength Indicator does precisely what its name suggests – it measures the strength of the trend of the chosen asset. A trader can adjust his trading intentions according to the dominant trend. Trading in the direction of the trend is low-risk strategy. The Trend Strength Indicator fits…
MTF High Low Indicator MT4
Introduction to the MTF High Low Indicator The MTF High Low Indicator is responsible for drawing high and low levels of previous and current daily, weekly, and monthly periods. These levels are often respected as market turning points, thus traders can take advantage of trading at them. The MTF High Low Indicator fits all kinds…
Fractal Channel Indicator MT4
Introduction to the Fractal Channel Indicator The Fractal Channel Indicator provides a continuous channel formed by connecting the successive Up and Down fractals. As the name suggests, the indicator is based on fractals, which were originally introduced by Bill Williams. An Up-Fractal is a series of 5 consecutive bars with the highest high in the…
Stochastic Momentum Index (SMI) Indicator MT4
Introduction to the Stochastic Momentum Index Indicator The Stochastic Momentum Index Indicator is a technical analysis gauge that analyzes price momentum. Its calculations are based on the closing price relative to the median range (high-low) of the currency pair price over a specified period. The SMI indicator is considered an improved version of the standard…
Moving Average Strength Indicator MT4
Introduction to the Moving Average Strength Indicator The Moving Average Strength Indicator is a multifunctional forex trading gauge, based on the Moving Average, MACD, and Stochastic. You should choose short period of MA if you prefer using it for scalping, and long period if you it to be suitable for trend-following and swing trading. The…
Fractal Adaptive Moving Average Indicator MT4
Introduction to the Fractal Adaptive Moving Average Indicator The Fractal Adaptive Moving Average Indicator (FRAMA) is a modified version of the original John Ehler’s indicator. You can consider that gauge as an alternative indicator to the default fractals that are included with the MT4 installation. The Fractal Adaptive Moving Average Indicator fits all kinds of…
Wave Trend Oscillator Indicator MT4
Introduction to the Wave Trend Oscillator Indicator The Wave Trend Oscillator Indicator is a popular and widely used indicator for finding market tops and bottoms. It’s a great tool for identifying swings and taking advantage of these moves. In good hands, it helps to use strategic turning points for high winning rates. The Wave Trend…
Stochastic Cross Alert Indicator MT4
Introduction to the Stochastic Cross Alert Indicator The Stochastic Cross Alert Indicator is, as the name suggests, based on a popular technical indicator of the family of the oscillators. The oscillators define when the market is overbought and oversold. That gauge isn’t an exception, but it provides signal alarms in the form of buy/sell arrows,…
