The 4 MA Strength Indicator MT4 (MetaTrader 4) generates buy and sell trading signals using, as its name implies, a set of four moving averages. This indicator examines the price chart to determine both the direction and potency of the prevailing trend. Once applied to the chart, it showcases a histogram of colored trend bars.…
Tag: strength indicators
Power Trend Indicator MT4
Introduction to the Power Trend Indicator The Power Trend Indicator has an interesting ability to measure market trends and provides a visual display of their various stages. That gauge tells a trader what is the trend direction and its strength. The Power Trend Indicator fits all kinds of timeframes and currency pairs. It is displayed…
Trend Strength Indicator MT4
Introduction to the Trend Strength Indicator The Trend Strength Indicator does precisely what its name suggests – it measures the strength of the trend of the chosen asset. A trader can adjust his trading intentions according to the dominant trend. Trading in the direction of the trend is low-risk strategy. The Trend Strength Indicator fits…
Moving Average Strength Indicator MT4
Introduction to the Moving Average Strength Indicator The Moving Average Strength Indicator is a multifunctional forex trading gauge, based on the Moving Average, MACD, and Stochastic. You should choose short period of MA if you prefer using it for scalping, and long period if you it to be suitable for trend-following and swing trading. The…
Forex Currency Index Indicator
Introduction to the Forex Currency Index Indicator The Forex Currency Index indicator measures and shows the strength of major currencies for each time frame. The readings are provided for the following currencies: USD, EUR, GBP, CHF, JPY, CAD, AUD, NZD. That gauge will be helpful in confirmation of trade decisions and entry points. It fits…
NetFlows Indicator
Introduction to the NetFlows Indicator The NetFlows indicator is a custom forex indicator that computes the volume-adjusted flow of a currency considering all currency pairs available on your platform. When reading the indicator, remember that values above the 0.0 line are positive net flows, and values below negative. It is very interesting to notice that…
Trend Direction Force Indicator MT4
Introduction to the Trend Direction Force Indicator The Trend Direction Force indicator for MT4 is a trend-following buy/sell signal forex oscillator that works really well. It can be utilized as a reversal gauge too. The signal line moves between extreme values of 1 and -1. Most of the time it hovers around 0 level, and…
Trend Strength Indicator
Introduction to the Trend Strength Indicator The Trend Strength indicator uses custom calculations based on the Relative Strength Index to determine the direction of the trend. The indicator is displayed in a separate window placed just below the main trading chart. You will find three lines: gray Smoothed RSI, blue UpTrend line, and red DnTrend…
FX Pip Power Forex Indicator
Introduction to the FX Pip Power Forex Indicator The FX Pip Power Forex indicator works in a similar manner to the Moving Average Convergence Divergence (MACD) gauge. It measures the strength and direction of the market trend. When the bars are green and above the 0 level, you should be looking for buy opportunities. Similarly,…
Forex Prediction Indicator MT4
Introduction to the Forex Prediction Indicator The Forex Prediction is, as the name suggests, a forex indicator that forecasts market trends. The indicator is displayed in a separate window placed just below the main trading chart. It fits all kinds of timeframes and currency pairs. This gauge analyses the trend for 7 different timeframes: M1,…
