Category: Forex MT4 Indicators
AFI MACD Indicator
The AFI MACD indicator is just another variation of the Moving Average Convergence Divergence gauge. The composition of this tool is pretty standard. There are blue histogram bars fluctuacting between positive and negative values. Two moving averages are just corresponding to these bars and both readings are aligned. Example chart:
Double Channel Forex Scalper Indicator
The Double Channel Forex Scalper indicator is a great accuracy trading tool that is a combination of three moving averages and buy/sell arrows. Similarly to all other scalping indicators, this one was also made for lower timeframes (like M5). However, it also works pretty well on higher timeframes too (like H4 or D1). Simplified trading […]
Forex Stuff Indicator MTF with Alerts
The Forex Stuff Indicator MTF with Alerts is a trend-following indicator (very similar to the Super Trend). The indicator plots a signal line that follows the market trends. Additionally, there are also buy/sell arrows displayed. When the main signal line is blue – look for buy trade opportunities. Similarly, when the main signal line is […]
Super Forex Launcher Indicator
The Super Forex Launcher indicator actually is a set of indicators that utilizes slope channel trading. First, it recognizes the overall trend, and then the indicator takes into account the slope of the channel. Together it generates trading signals that go as follows: A buy signal happens when the general trend is bullish and the […]
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 […]
MT4 Dollar Pile Indicator
The Dollar Pile Indicator for MT4 recognizes trend direction in the present and past periods of time. Example chart: How to use the MT4 Dollar Pile Indicator? The signals are represented in the form of bricks – red color means bearish trend and green means bullish trend. The moment it switches color is a good […]
Adaptive Renko Indicator
The Adaptive Renko indicator utilizes trend recognition along with the trailing stops. It can even be your all-in-one trend riding trading tool. That tool consists of two elements: small dotted lines and two bold red/green solid lines. The dotted lines work as upper and lower bands of the channel, and the solid lines are support/resistance […]
FX Pip Power Indicator
Introduction to the FX Pip Power Forex Indicator The FX Pip Power Forex indicator works in a similar manner to the Moving Average Convergence Divergence (MACD) gauge. It measures the strength and direction of the market trend. When the bars are green and above the 0 level, you should be looking for buy opportunities. Similarly, […]
Laguerre Histogram Indicator
The Laguerre Histogram indicator, as the name suggests, displays Laguerre Oscillator signals in a form of the histogram bars, but also in an unusual way. These histogram bars are plotted into some kind of channel. Generally speaking, green bars represent an oversold market state and opportunity for a long trade (buy). Similarly, red bars represent […]
True Fractals Bands MTF Indicator
The True Fractals Bands MTF Indicator implements a dynamic trading channel with additional fractals displayed. This is a multi-timeframe forex indicator. For example, you can trade the M15 chart while using H4 TF for the indicator.
