Category: Pattern Indicators

MTF Heiken Ashi Indicator

The MTF Heiken Ashi Indicator for MT4 displays ha candles in a seperate window placed below the main trading chart. What’s more, it allows to preview action on various timeframes and users can pick one in the settings tab. This allows to understand trends better and to see the bigger picture of market situation. Example […]

Knoxville Divergence Indicator

The Knoxville Divergence Indicator for MT4 scans charts in order to recognize and plot reversal signals. While these signals occur relatively rarely, they can be very powerful when they appear. In terms of visual display, this just a short trendline connecting two points being tops or bottoms of price for some period. Example chart: Explaining […]

RSI Divergence Indicator

The RSI Divergence Indicator for MT4 is responsible for showing a divergence between the price and the Relative Strength Indicator. You can see it as yellow and red lines. The classical RSI indicator is an oscillator that signals the two extremes of the market: oversold and overbought levels. Using the classic 14-period RSI, the sell […]

Heiken Ashi Smoothed Indicator

The Heiken Ashi Smoothed Indicator for MT4 is a variation of these popular heiken ashi candles. It provides enhanced precision in highlighting bullish and bearish trends. In other words, its main advantages are reducing market noise and improving accuracy. Let’s see how to make the most of this tool. Example chart: Heiken ashi smoothed mt4 […]