Category: Forex MT4 Indicators
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 […]
iAnchMom Indicator
The iAnchMom indicator for MT4 comes in handy in recognizing overall market direction and for the calculations it uses SMA and MOM. It displays histogram bars and visually it is simialar the MACD. The readings above 0 level corresponds to bullish trend, and similarly, readings below 0 level suggest bearish trend. It’s best use case […]
Measure FIBO Indicator
The Measure Fibo Indicator for MT4 caluclates and displays Fibonacci extensions on charts. These leveles are often respected and price tends to react at them heavily. Pay attention how candlestick patterns form at these areas and trade accordingly. Example chart: In this example below you can see the price seems to be rejectiong the 38.2% […]
RSI Peak Valley Levels Indicator
The RSI Peak Valley Levels Indicator for MT4 is responsible for marking all tops and bottoms of the Relative Strenght Index. These points are useful to undestand when the price reaches overbought or oversold zone. Another use case is to connect these dots in order to draw divergence line. Example chart:
Raghee Vague Indicator
The Raghee Vague Indicator for MT4 displays several moving averages – three 34 period EMAs and one 200 period SMA. Simply look for buy trades when the 3 EMAs are above the 200 SMA. Similarly, look for sell trades the 3 EMAs are below the 200 SMA. Example chart:
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. […]
Zig Zag Corridor Indicator
The Zig Zag Corridor Indicator for MT4 is, as the name suggests, a zigzag indicator but it additionally draws a price channel on the chart. You can think about plotted lines in terms of support and resistance levels, as well as take profit targets. The are three types of channels, starting with the highest probability […]
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 […]
