Category: Forex MT4 Indicators
Guppy Multiple Moving Averages Indicator
The Guppy Multiple Moving Averages (GMMA) Indicator for MT4 is a forex technical indicator that exploits moving average ribbons in the context of potential price breakouts of a currency pair. It was originally introduced by an Australian trader named Daryl Guppy, hence, the name of that tool. There are 13 Exponential Moving Averages (EMAs) to […]
Oracle Direction Indicator
The Oracle Direction Indicator for MT4 uses blue and red arrows in two rows to provide buy or sell signals respectively and it’s available for free download. Both rows must be in agreement regarding trend direction before opening a trade, but is it any good? Let’s find out. Getting familiar with the Oracle Direction Indicator […]
TZ Breakout Indicator
The TZ Breakout Indicator for MT4 defines forex support and resistance levels that the price can next break through and thus generate trading signals, plus it’s available for free download. In order to utilize that tool properly, one should be familiar with price action patterns. Experienced forex traders may use it right away, while beginners […]
Hodrick-Prescott Channel Indicator MT4
The Hodrick-Prescott Channel Indicator for MT4 is a price channel based on the Hodrick-Prescott digital filter and it’s available for free download. Instead of having static support and resistance levels, it plots dynamic bands that adjust to the ongoing price action. As the result, a forex trader receives more accurate potential entry points. Are you […]
Hikkake Pattern Indicator MT4
The Hikkake Pattern Indicator for MT4 identifies short-term trend reversals based on false breakouts. This concept favored by reversal traders and particularly effective during sideways market conditions. Example chart: How to use the Hikkake Pattern Indicator for MT4? The core idea is simple: price fakes a breakout from a rangebound move, only to reverse quickly […]
Bollinger Bands Squeeze With MACD Indicator MT4
The Bollinger Bands Squeeze With MACD Indicator for MT4 is a combination of some of the best forex indicators providing trend momentum insights and market entries ideas, plus it’s available to free download. It provides very solid signals, thus it’s a choice of many traders utilizing their trend-based strategies. Sounds convincing? Let’s take a closer […]
Trend Envelopes Indicator MT4
The Trend Envelopes Indicator for MT4 helps traders spot the underlying trend with clear, easy-to-read signals. It works well as a trend filter and can be layered onto an existing strategy to help confirm direction before entering a trade. Example chart: How to use Trend Envelopes Indicator for MT4? The Trend Envelopes Indicator plots a […]
MACD Flat Market Detector Indicator
The MACD Flat Market Detector Indicator for MT4 was created as a response to a trader’s need to know ranging market conditions where price moves up and down within a tight range and without any clear trend direction. What’s more, that forex indicator is available to free download. Does the above description sound like meeting […]
Slope Direction Line Indicator
The Slope Direction Line Indicator for MT4 comes as a solution for forex traders tired of complex and intricate indicators and it’s available to free download. Just sit back, relax check how it demonstrates the trend signals. It’s as simple as possible so everyone can understand the market situation and benefit from it. Does the […]
ADX Trend Indicator
The ADX Trend Indicator for MT4 is a forex price channel based on the Average Directional Index and it’s available to free download. Its bands work as dynamic overbought and oversold levels delivering potential market entry points. What’s more, its slope comes in handy in determining the trend direction. Technical analysis is pretty easy with […]
