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

Introduction to the Trend Direction Force Indicator The Trend Direction Force indicator is a trend-following buy/sell signal oscillator that works really well. The signal line moves between extreme values of 1 and -1. Most of the time it hovers around 0 level, and the signal occurs when it shoots up or down. It fits all…

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

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,…

Absolute Strength Oscillator MT4

Introduction to the Absolute Strength Oscillator Indicator The Absolute Strength Oscillator is a trend-following forex indicator. It measures two main forces driving the markets: bulls and bears. In other words, it shows whenever the dominant side are buyers or sellers. Buyers are represented by a green line, and similarly, sellers are represented by a red…

Currency Strength Meter Indicator

Introduction to the Currency Strength Meter Indicator The Currency Strength Meter indicator shows which currencies are trading STRONG against the WEAK currencies! The indicator is displayed in a separate window placed just below the main trading chart, and it provides the strength momentum of the 8 major currencies: EUR GBP AUD NZD CAD CHF JPY…

BWMFI Bars Indicator

Introduction to the BWMFI Bars Indicator The BWMFI Bars Indicator is a forex trading tool based on the Market Facilitation Index that measures the strength or weakness behind a price move by calculating the change in price per one tick. This indicator colorizes the candles accordingly. It doesn’t generate buy/sell trading signals on its own,…

DAT WPR Indicator

Introduction to the DAT WPR Indicator The DAT WPR indicator is a forex indicator based on the Williams’ Percent Range. It provides multiple oscillators that determine whether the price is overbought/oversold. The most important lines are the orange one and the pink one. When they reach 80 level it means the market is overbought and…