Category: Pattern Indicators
ZigZag WS Channel RV 2 Indicator
The ZigZag WS Channel RV 2 indicator highlights the swing points of the price. It connects the swing high and swing low points of the price that work as trendline support and resistance. With multiple trendlines, this indicator works as a trend-following price channel as well. Whenever the price intends to rebound from the trendline […]
RSIMA Baseline Divergence Arrows Indicator
The RSIMA Baseline Divergence Arrows indicator works great at filtering those divergence signals. Divergences are only visible on this indicator if: If RSI MA is outside 80 Overbought, Bearish Divergence signal will appear (to forecast a reversal to the downside); If RSI MA is outside 20 Oversold, Bullish Divergence signal will appear (to forecast a […]
Pin Bar Buy Sell Indicator
The Pin Bar Buy Sell indicator recognizes pin bar candlesticks and when the signal is generated it marks the triggering candles with buy/sell arrows.
Sibbet Demand Index Divergence Indicator
The Sibbet Demand Index Divergence indicator is a custom forex trading indicator that uses the moving average of the price data. It helps traders to understand whether the bullish or bearish movement in the price is getting stronger or weaker. That gauge is made of the histogram and the moving average (signal line). See also: […]
MACD Divergence Indicator
The MACD Divergence indicator is a forex trading tool based on the well-known Moving Average Convergence / Divergence indicator. It recognizes, spots, and displays divergences. Additionally, it will draw divergence lines. Reaction from these lines will be a good entry point. We give you 2 versions of MACD Divergence. The second one draws arrows after […]
MFI RSI Divergence Indicator
The MFI RSI Divergence indicator is a forex tool based on Money Flow Index and Relative Strenght Index. It recognizes, spots, and displays divergence. Additionally, it provides buy/sell arrows for bullish and bearish divergences. We suggest using it for entries and exit ideas or as a filter in your favorite trading strategy.
OBV Divergence Indicator
The OBV Divergence indicator is, as the name suggests, a forex trading tool that shows On Balance Volume divergences. When you load up the indicator into charts you should still adjust its settings. There are two options you will need to turn on. Set both the drawIndicatorsTrendlines and drawPriceTrendLines to true. Except that you will […]
Second Chart Indicator
The Second Chart Indicator is a very useful tool that displays candles of chosen currency pair in a sub-window placed just below the main trading chart. It could be handy in various situations. For example, when you have many indicators plotted over candlesticks and you want to see the price action clearly. You can also […]
Three Line Break Indicator
The Three Line Break Indicator for MT4 is focused purely on price movements and do not consider the time factor. The starting point is about price action and trends, filtering smaller fluctuactions. In the result it’s easier for trades to identify significant changes. This method is named after the number of lines usually used to […]
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:
