Category: Forex MT4 Indicators
COG RSI Indicator
The COG RSI Indicator is, as the name suggests, a forex trading tool based on the Center of Gravity and Relative Strenght Index (RSI). The indicator is displayed in a sub window placed just below the main trading chart. This tool uses overbought and oversold market levels to generate trading signals, that are triggered when […]
M-Candles Indicator
The M-Candles Indicator for MT4 is a simple but useful tool that displays bigger time frame candles in your current TF chart. By default, it is set to show daily candles on an hourly chart. You can use it for spotting accurate trade entries and exits when using technical analysis of higher timeframes. Example chart:
BWMFI Bars Indicator
The BWMFI Bars Indicator for MT4 is a forex trading tool based on the Market Facilitation Index that measures the strength or weakness behind a price move by calculating the change in price per one tick. This indicator colorizes the candles accordingly. It doesn’t generate buy/sell trading signals on its own, but it’s helpful in […]
Bigger TF OHLC Indicator
The Bigger TF OHLC Indicator for MT4 is responsible for showing open, high, low, close levels of the selected higher timeframe. For example, you can preview these values of D1 (daily) chart while having M15 activated. One can think about the readings in terms of support and resistance as price often respects them, therefore range […]
Bigger TF Candles Week Day Indicator
The Bigger TF Candles Week Day Indicator for MT4 overlays candlesticks from a chosen higher time frame directly onto your current chart. For instance, let’s say you the H1 active and this indicator will place bars from daily. It’s a great way to see how price action of 24 candles constitutes one daily bar. This […]
Hanafy5 MTF Indicator
The Hanafy5 MTF Indicator is based on the Relative Strength Index (RSI) and it displays buy/sell arrows on the chart. As the name suggests, it is an multi time frame indicator, so you can use a different than the current time frame for signals to display. This forex gauge generates a lot of signals, thus […]
Quantile Bands Indicator
The Quantile Bands Indicator, as the names suggest, is a forex trading indicator based on quantiles. What is that? Quantiles are cutpoints dividing the range of a probability distribution into contiguous intervals with equal probabilities. This concept is often used in statistics and the theory of probability. To some extent, the indicators look quite similar […]
BB Stops RSI Super Smooth Indicator
The BB Stops RSI Super Smooth Indicator for MT4 constis of two elements: solid oscillator line and a dotted bands. Both are displayed within same window. In order to enter a trade both readings should be in agreement. It means for a long signal smoothed rsi should turn blue and bb stops should turn green. […]
T3 High-Low Activator MTF Indicator
The T3 High-Low Activator MTF Indicator for MT4 at first glance looks like moving average, but it’s improved. Namely, it filters lots of fake signals and gives more clear trend direction hints. Both of these advantages are due to colored readings. When there’s a green line plotted, it corresponds to bullish setup. Pay attention how […]
Trend Direction & Force Index Averages Indicator
The Trend Direction & Force Index Averages Indicator for MT4 helps to understand the trend momentum. For most of the time the readings stay in the neutral zone near 0 level and signal line is gray. When it recognizes some significant movement, the signal line leans out to the upside for bullish and to the […]
