The Momentum Pinball Indicator MT4 generates forex trading signals by utilizing a combination of the Relative Strength Index (RSI) and the Rate of Change (ROC), thereby analyzing oversold and overbought conditions as well as momentum. Free download is available. Sounds interesting? Let’s take a closer look at it. Momentum Pinball Indicator: Introduction MT4 Indicator Overview…
Tag: breakout indicators
Simple ZZ Consolidation Zones Indicator MT5
The Simple ZZ Consolidation Zones Indicator MT5 is a technical indicator created with the aim of assisting traders in swiftly identifying compact market consolidation zones. These consolidation phases offer abundant trading opportunities to knowledgeable traders who can effectively identify consolidations and the indicator serves as a valuable tool in recognizing these favorable conditions. Free download…
Hikkake Pattern Indicator MT5
The Hikkake Pattern Indicator MT5, alternatively known as the Inside Day False Breakout, is a trading strategy centered around deceptive breakouts. Free download is available. Sounds interesting? Let’s take a closer look at it. Hikkake Pattern Indicator: Introduction MT5 Indicator Overview The download link of the Hikkake Pattern MT5 indicator is placed at the bottom…
Breakout Pattern Indicator MT4
The Breakout Pattern Indicator MT4 is a straightforward forex indicator that signals market breakouts. The indicator displays open triangles that indicate the breakout, and they come in two colors: blue and red. A blue triangle appears during an uptrend, while a red triangle appears during a downtrend. This pattern has proven to be highly effective…
Guppy Multiple Moving Averages Indicator MT4
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…
TZ Breakout Indicator MT4
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…
Fractal Channel Indicator MT4
Introduction to the Fractal Channel Indicator The Fractal Channel Indicator provides a continuous channel formed by connecting the successive Up and Down fractals. As the name suggests, the indicator is based on fractals, which were originally introduced by Bill Williams. An Up-Fractal is a series of 5 consecutive bars with the highest high in the…
Linear Regression Channel Breakout Indicator
Introduction to the Linear Regression Channel Breakout Indicator The Linear Regression Channel Breakout Indicator draws mini Linear Regression Channels and when a breakout occurs, it marks the signal with an arrow. Note that these channels are really short-term, hence you will get a lot of them placed on the chart. The Linear Regression Channel Breakout…
MPC Indicator
Introduction to the MPC Indicator The MPC indicator is based on the channel breakout. The basic ruled that applies here is the following – the long position is opened when the price shows new X days maximum, and the short position is opened when the price forms new X day minimum. It allows forecasting the…
Dolly Indicator
Introduction to the Dolly Indicator The Dolly indicator is a pretty complex forex indicator providing entry points and profit targets. On the left side of the chart, you will see trade analysis including Buy Area and Sell Area details, plus today’s support and resistance levels. The profit targets of the Dolly forex indicator are pretty…
