The Instantaneous Trend-line indicator is a powerful trending based VertexFX indicator that provides accurate entries and exits with minimal lag. The market consists of a trend mode and a cycle mode.The Instantaneous Trend-line uses the trend mode and filters the cycle mode to generate the trading signals. It is calculated using the Hilbert Transform, and the dominant cycle period is measured using the Homodyne Discriminator. In the next step, we average the price over the (integer) number of bars of the smoothed dominant cycle. Finally, this average is smoothed using a 4-bar WMA to generate the Instantaneous Trend-line. It has a lag of 2-3 bars, but produces excellent signals in trending markets, especially at the beginning of the trends.BUY - Enter BUY trade when indicator line turns BLUE. Exits BUY trade when indicator line turns RED.SELL - Enter SELL trade when indicator line turns RED. Exits SELL trade when indicator line turns BLUE.
The Optimum Predictor indicator is a useful VertexFX indicator that predicts the market turning points based on the historical data with a high degree of accuracy. This indicator comprises of two lines, the BLUE Signal line, and the RED Predict line. It is the RED Predict line which identifies the turning points.In the first phase, we calculate the InPhase and Quadrature components using Hilbert Transform after smoothing the price with a 4-bar WMA. In the next step we calculate the dominant cycle period using the Homodyne period. In the next step we calculate the de-trended EMA based on this period. Finally, the Predict signal (RED) is calculated by subtracting the difference between the de-trended EMA and the smoothed Signal (BLUE).NOTE - The Signal (BLUE) line is purely for reference only, and not for generating trading signals. Only the Predict (RED) line is used for trading referenceBUY - Enter BUY when RED line has been falling and has bottomed out below the zero level. Exits BUY when the RED line has been rising and has topped out above the zero level.SELL - Enter SELL when the RED line has been r
The Phase Accumulator Cycle Period indicator is a useful VertexFX indicator for the measurement of cycle period of the current market trend. It returns the current cycle period (in bars or candles) of the current market trend (or market cycle). It uses the concepts of Digital Signal Processing (DSP) to filter the market cycle from the price chart.In the first step, the price is smoothed using a 4-bar WMA. It uses one full cycle's worth of historical data. It is then smoothed by an EMA whose ALPHA (smoothing constant) is 0.25. The lag of the Phase Accumulator Cycle indicator is 3 bars.In longer trends, the cycle period will be longer value, and in short cyclical trends, it will be a shorter value. Hence its response to the market conditions, determines its usefulness as an input to other indicators.NOTE : This indicator does not generate BUY / SELL signals.It is used to find the cycle period that can be used as inputs to other indicators. For example, if the current value of the indicator is 18, then it means that the current cycle period of the price is 18 bars, and this value can be used to calculated period based indicators like RSI, ADX, CCI, ATR etc. Since this indicator value changes, we calculate our indicators like RSI dynamically (18-bar) etc instead of a fixed RSI period.
The Signal Noise Ratio indicator is a useful Vertex FX indicator to estimate the quality of market and the trend. The market consists of a primary trend (termed as signal), and whipsaws or counter trends against the main trend (termed as noise). When the markets are strongly trending, the signal is strong and the noise is weak. When the trend starts weakening or exhausting, the signal slowly becomes weak, and the noise becomes strong. The SNR indicator calculates these characteristics of the price. In the first phase, we smooth the price with a 4-bar SMA, and then calculate the InPhase and Quadrature using the Hilbert Transform. In the next step we calculate the dominant cycle period using Homodyne Discriminator.Finally, the SNR is calculated based upon the Daily Range (High - Low), converted to logarithmic value and expressed as decibels.NOTE - This indicator should not (cannot) be used by itself. It should be used in conjunction with other indicators.Inference - When the SNR has bottomed out below zero and is gradually rising, we should stay in the trade (as decided by the trader from other indicators). When the SNR has peaked out and starts falling, it is recommended to exit the trade. (It is not recommended to reverse the position). The direction of the trade must be determined by other trending indicators, and not by the SNR indicator.
The Zero Lag indicator is a powerful VertexFX indicator based upon the EMA indicator (attempts) to eliminate lag from the EMA. This indicator is based on the concept of Kalman filtering (and thus falls in the category of Kalman filters).The smoothing constant ALPHA defines the amount of lag to be reduced. For example, when ALPHA is 0.33, the lag is 2 bars. It is responsive for intra-day trading on cyclical markets where the lag can be reduced.In the first step, the price is smoothed using WMA. Then in the next step we (attempt to) remove the lag by filtering the momentum. Finally, this is smoothed once again using the ALPHA smoothing to derive the Zero Lag indicator.BUY - Enter BUY trade when indicator color turns BLUE, and High of current bar is less than High of previous bar, and close of current bar is in upper half of the range. Exit BUY trade when indicator color turns RED.SELL - Enter SELL trade when indicator color turns RED, and Low of current bar is greater than Low of previous bar, and close of current bar is in lower half of the range. Exit SELL trade when indicator color turns BLUE.
MAMA (MESA of Adaptive Moving Averages) is an adaptive moving average based VertexFX indicator that provides excellent trading entries.This indicator consists of two components, the MAMA (BLUE line) and FAMA (RED line). The starting point of MAMA is the conventional EMA. The concept of MAMA is to relate the phase rate of change of the prices to the alpha(smoothing constant) of the EMA. The FAMA (Following Moving Average) is calculated by applying the MAMA to the MAMA itself. By using an alpha in FAMA that is half the value of the alpha in MAMA, the FAMA steps in synchronization with MAMA. This indicator is ideal in reducing whipsaws.BUY - Enter BUY trade when BLUE line (MAMA) closes above RED line (FAMA). Exits BUY when BLUE line closes below RED line.SELL - Enter SELL trade when BLUE line (MAMA) closes below RED line (FAMA). Exits SELL when BLUE line closes above RED line.
Share all of the best Support and Resistance indicators you got!I start first.Remember, post only valuable ones, try not to spam with useless ones, thanks, I try to do same.Here I have an Auto Fibonacci Retracement indicator. You can change the days input to 1 and see the levels for the day.
Hello,Qualified R S I is a Server Side VTL Expert Adviser. It is based on the Relative Strength Indicator, RSI. The tradings system uses the RSI to identify over bought and over sold market conditions and open counter trend trades. RSI remaining at higher levels indicate overbought market conditions. RSI remaining below 45 level indicates oversold market conditions. The EA examines this situation and open counter trend trades. The trading system rules are:Buy When RSI is below 45 level for the last 12 bars.Sell when RSI is above 55 level for the last 12 bars.Close positions when fixed stoploss or trailing stoploss is hit.Before starting the EA on server, set the parameter values by opening the VTL Script in VTL Editor. Parameters are located at the top of the script file. The symbol to trade, chart time frame, lot size and stoploss can be defined in the parameters.
Ehlers Filter is a powerful trend-following VertexFX indicator, which provides precise BUY and SELL signals.This indicator has a minimal lag, of approximately 4 bars, which is very useful in detecting start of trends.In the first step we calculate the distance co-efficient, which is the absolute difference between the current price and price MOM_PERIOD bars ago. This difference is then price-weighted over the LENGTH bars, that is, multiplied by the price, thus providing us with the LENGTH bars WMA. It is similar to an EMA, but is faster with lesser lag and better response to change in trends.It provides excellent entries when the signal-to-noise ratio (using the Signal Noise Ratio indicator) is high, implying that the whipsaws are lesser.BUY - Enter BUY trade when indicator color turns BLUE. Exits BUY when indicator color turns RED.
Here it is...While testing freezes the screen so attached source file for the " WWI" expert coders to correct the code and re-attach for testing...Thank you...and good luck....
Friends, i found this indicator forex-tsd forum. It is very accurate for scalping. Use it in lower time frame with major low spread pairs like EURUSD, GBPUSD, USDJPY.
Friends, i found this indicator in forex-tsd forum and it is very profitable for scalping (when colour changes) in M1/M5 chart with low spread pairs like EURUSD, GBPUSD and USDJPY.Happy trading.
t can be a big pain when you are trying to find CandleStick Patterns like Herami, Shooting Star, Doji, … but with Candlestick Patterns Indicator for MT4 you wont miss any Patterns anymore!One of the main things is to not miss the main CandleStick Patterns out there or you might miss a chance to enter or exit a trade. So in order to help you not to miss any of the Patterns there is this great Candlestick Patterns Indicator for MT4 which will do just that. It will alert you when Specific Patterns appear.Please note that best way to use this CandleStick Patterns Indicator is on 4 hour or daily timeframe. Remember that Higher the timeframe better the results and matches. CandleStick Patterns Indicator can detect following Patterns:Strong Reversal Patterns:HammerHangmanEngulfingMSESDarkCloudPiercingShooting starInvert hammerbear dojibull doji Weak Reversal Patterns:HaramiTweezer TopsTweezer BottomsBelt hold lineUpside gap two crowsThree crowsAdvance blockThree Line StickeIn On Neck TrustingContinuation Patterns:Mat Hold PatternSeparating linesTasuki gapsSide Side WhiteThree MethodsUpside Gap Three MethodsDownside Gap Three Methods Unclassified:Gravestone dojiLongleg dojiUuique 3 river bottomHigh price gap playLow price gap playThree white soldiersStalled PatternDoji EngulfinginvertHammer confirmedThis are the available settings for Candlestick Patterns Indicator:candlestick patterns settingsShowStrongReversalPatterns: show or hide Patterns matching Strong Reversal PatternsShowWeakReversalPatterns: show or hide Patterns matching Weak Reversal PatternsShowContinuationPatterns: show or hide Patterns matching Continuation PatternsShowUnclassified: show or hide Unclassified PatternsViewBars: select number of bars you want to check back on the ChartSoundAlert: If Pattern is found alert with a sound?EmailAlert: If Pattern is found alert with email?SellColor: When SELL pattern is found show arrow in what color?BuyCollor: When BUY pattern is found show arrow in what color?TextCollor: Text color of the Pattern that is found
How to Get Any Time Frame on MetaTraderChanging time frames using MetaTrader is not always straightforward. Thanks to Dallas Young for this detailed description of how to do this.To do this you need a MT4 indicator file. Which means someone wrote it up and released it as a custom indicator. You load this indicator onto a chart the same as you would load something like an RSI or Stoch or MACD or something.First: You need to know how to load custom indicators and this type of thing. Metatrader 4, basically, has 2 different types of files that you will encounter - .mq4 's and .ex4 's.The .mq4 's need to be compiled and that's what the "Meta Editor" application is for. They're pretty much just a .txt file. Once you compile a .mq4 the Meta Editor creates an .ex4 - so the .ex4 is what we want anyway. With an .ex4 only, some people don't like that they now can't see the source code.So, you have the "period converter.ex4" file. We need to put it into our custom indicators folder. Whichever broker you have, that is where you'll need to place the file. Mine for example (back when I used MT4) was C:\Program Files\MetaTrader - Alpari UK\experts\indicators.In any case, you want the ex4 file to be in your MT4's experts\indicators folder.When you pull up the navigator in MT4 (CTRL+N) it will show up in the tree at the right place. If it isn't there in the tree, then you may have to restart MT4. If that doesn't work then you probably have the file in the wrong folder. There are 2 different indicator folders for a stock install of MT4 - make sure your period converter file is in the indicators folder that is a sub-folder of "experts".Okay, now you just have to drag and drop the indicator onto an appropriate chart. How this thing works is that it takes a multiple of the root chart and creates an 'offline' chart of the new time period. For instance. if you applied the period converter to a 5 min chart and you set the multiplier variable for "4" then it would automatically make a 20 min offline chart.I had my MT4 set up so that it automatically brought up the configuration box for any indicator that I applied to my charts. This is an indicator based method so you have to configure the indicator before you create your new chart. Picture attached [Editor's note: picture not yet available] shows the period multiplier that you have to set. In this case I would be making an 8 hr chart (4hr x 2).Your new file will be in the offline charts section. Go to "File" -> Open offline.Your new chart is in this section but you have to look for it and select it. It is all alphabetically listed.As long as you keep the chart that you applied the indicator to open and on the original timeframe, your new chart will update automatically just like any other chart. You can load the converter more then once and set the multiplier different each time (so that you don't have to open too many charts). For example: you could load the period converter onto a 1 min chart with the multiplier set at '20', then a different one set at '40', '180', and '360'. You will create a 20 min, a 40 min, a 3hr, and a 6 hr - if you were so inclined. Keep the original 1 min open and the others will be fine. If you switch the 1 min to a 5 min the others will stop updating until you bring the original back to 1 min.One last thing (hopefully), this indicator needs you to have .dll imports enabled - so you'll have to do that. Go to "Tools" -> "Options" -> "Expert Advisors" -> and check the 'allow dll import' box.That should be good. Play around with it. Make templates and profiles and all that. Have fun!enjoy
Description:This technical indicator shows М & W Wave Patterns by Merrill and support/resistance levels drawn at extreme points of the standard ZigZag indicator. A. Merrill classified five-pointed shapes based on the order of the points from top to bottom, and created an orderly classification model M & W Waves. Here they are: The dynamic pattern by A. Merrill is the pattern that can vary over time. The dynamic pattern is on the first four right zigzag rays. In this indicator all patterns are considered dynamic. To provide this condition, the concept of mutation of waves was artificially introduced (see below) and the algorithm of the classic Zigzag indicator was slightly modified.As for the core of the extreme search algorithm - Zigzag, this algorithm is a "temporary (quick) decision" and certainly requires replacement. Since most of the errors are associated with pattern detection NOPATTERN (see in enum NamePattern in the MyCPattern.mqh file) - this is an error of the search engine.Evolution and Mutation of WavesEvolution - change of the dynamic pattern, which still stays in the same wave family. Evolution of M-Wave patterns: Evolution of W-Wave patterns: Mutation - change of the dynamic pattern, which then moves to another wave family. Mutation of M-Wave patterns: Mutation of W-Wave patterns: Note: Prediction algorithm considers that a mutation results in the youngest shape of the evolution, and the evolution/mutation counter is aware of the possible nonsequential mutation/evolution. For example, mutation in the middle and senior shape. This is achieved by selecting specific values in the bit-mask enum NamePattern (see MyCPattern.mqh). If you want to use the evolution/mutation counter - do not change enum NamePattern.Indicator operation:This indicator shows М & W Wave Patterns by Merrill and support/resistance levels on a chart. The indicator is recalculated on each new history bar (to save CPU time when rendering objects). The names of all objects are pseudo-random. The indicator calculates the predicted price movements based on the expectations of a private (serial) evolution/mutation of waves. the indicator includes a counter of pattern model efficiency. Current version:Test version 1.02:Search engine, classic Zigzag;Prediction model: level 0 (sequential evolution/mutation);Model counter: level 0 (Algorithm: "I count only what I see, I don't know what was before...". Statistics is displayed after the 11th shape appears).For the organization of trade with this indicator recommend the following:1). Use only ORDER_STOP_LIMIT2). For buy-order use patterns: M1, M3, M5, M7, M9, M12, M14;3). For sell-order use patterns: W3, W5, W8, W10, W12, W14, W16;4). price for buy / sell = point E;5). take profit = point Mutation;6). stop loss = point Evolution, if (point Evolution == 0) use fixed stop loss
Trading with ADL involves the following signals:ADL is rising and so does the price — uptrend is healthy.ADL is falling and so does the price — downtrend is healthy.Divergence between ADL and price - changes/pauses in the trend should be expected. Advance Decline Line indicator Advance Decline Line indicator is used in Forex to identify and confirm strength of a trend, as well as its chances for reversing. ADL indicator in Forex provides a comparison between the number of market advancing and declining moments for a given period of time. Advance Decline Line Formula ADL = (N of Advancing Issues — N of Declining Issues) + Previous Period's ADL Value Advance Decline Line chart example The Advance Decline Line is found by measuring the difference between advancing and declining issues for each day. This value (+ or - ) is added to the previous ADL value. How to trade with Advance Decline Line In general, if the market is trading upwards and Advance Decline Line is sloping down (divergence), it suggests that a current trend is losing its strength and may soon reverse. If the market is trending upwards and so does Advanced Decline Line, the situation is stable and the current trend is said to be strong. A divergence that can be seen between price and indicator line is only a warning of possible changes settling. A divergence factor for ADL indicator may last for a long period of time, therefore ADL indicator cannot be used as a timing indicator. Daily ADL is usually used to determine strength and length of short term intra day trends in Forex, while weekly ADL is found to be more useful for trend comparisons over several years.
If you want to fast find a High / Low spot in specified timeframe then High Low Indicator for MT4 / MetaTrader 4 is for you. Sometimes its good to find High / Low spots on the chart based on PA (Price Action) This High Low Indicator for MT4 will show you just that. You have multiple ways to set it up… With this indicator you can select Hourly, 4 Hourly, Daily, Weekly and Monthly High / Low positions. Set Colors on it and Labels. Additional to all this you can set how you would want to draw the High / Low line.High / Low spots are usually good to have a quick view of high / low support, resistance lines. Sometime PA will bounce from then and other times its good to play breakout out of this lines. But if you have a chance to have MTF (multiple timeframes) of High / Low lines on same chart then this should be a big advantage to you! H1: enable or disable Hourly High/LowObjH1: How many bars in history to use for Hourly High/LowH4: enable or disable 4 Hour High / LowObjH4: How many bars in history to use for 4 hour High / LowD1: enable or disable Daily High / LowObjD1: How many bars in history to use for Daily H/LW1: enable or disable Weekly High / LowObjW1: How many bars in history to use for Weekly H / LM1: enable or disable Monthly High/LowObjM1: How many bars in history to use for Monthly High / LowColors: this is just a commentBarsHigh: Color for High lineBarsLow: Color for Low lineLineLable:0: No Label1: Enable Bar’s Label with Bars Index2: Enable Bar’s Label with Bars Index and PriceH1Position: if set to True draw line only on right side of chart for Hourly chartH4Position: if set to True draw line only on right side of chart for 4 Hour chartD1Position: if set to True draw line only on right side of chart for Daily chartW1Position: if set to True draw line only on right side of chart for Weekly chartM1Position: if set to True draw line only on right side of chart for Monthly chart
Trading with ADR involves the following signals:ADR rising and so does the price — healthy trend.ADR falling and so does the price — healthy trend.ADR reading diverge from the price — trend may changeADR crossing above 1.00 level — an uptrend has been established.ADR crossing below 1.00 level — a downtrend has been established.The further ADR moves from 1.00 level the more mature current trend is.What is Advance Decline Ratio in ForexAdvance Decline Ratio in Forex determines a momentum in the market by comparing advancing moments to declining ones.A/D Ratio was brought from stock trading, where traders were calculating the difference between stocks listed on the New York Stock Exchange that advanced in price minus those that declined.ADR indicator FormulaThe Formula for Advance Decline Ratio is:Advance/Decline Ratio = Number of advancing moments / Number of declining momentsIf ADR is less than 1 it means that there is more declining moments than advancing. If ADR is higher than 1 – advancing moments prevail.Advancing moments - the number of bars that closed above their opening price.Declining moments - the number of bars that closed below their opening price.How to use Advance Decline Ratio indicatorADR indicator is used widely as a overbought / oversold indicator where extremely high reading suggest the market being overbought while extremely low readings suggest an oversold market. However, the market can remain in overbought/-sold condition for an extensive period of time, therefore an additional confirmation signal from other tools is needed to confirm a move.Similar to all other momentum indicators the cross of 1.00 level on ADR indicator is an important signal of an established trend while the distance from this 1.00 level describes maturity of the trend.ADR chart exampleOn a Forex chart Advance Decline Ratio (ADR) indicator looks more like Advance Decline Line (ADL), but in contrast to ADL, ADR cannot be negative How does ADR works on practiceLet’s take a down trending market. By looking at ADR traders can measure a strength and health of a current down trend. If ADR is low and decreasing during the sell off it indicates a good health of the downtrend. If, however, ADR moves higher while the trend continues down it suggest a deteriorating strength of a trend, in other words with each downside progress fewer participants take part in driving prices down. Eventually the market is going to change the direction and move higher following ADR indicator
here is an indicator which paints a gradient background with two custom colors.the variables are:topcol, bottomcol: this are the two colors you can use to generate your gradient background. the string variable represents the color components like rrr,ggg,bbb for red, green and blue. please use only numbers between 000 - 255step variable is the step of the gradient. the higher the value the more flow is between the colors.try a little bit to mix your colors and have fun with itregards for find your custom color you need go to this page: and place your custom number here:
You can choose Parabolic SAR for 4 TimeFrames (TF4 = true) or for 3 TimeFrames (TF4 = false and TF3 = true) or for 2 TimeFrames (TF4 = false and TF3 = false andTF2 = true) or for only 1 current TimeFrame (TF4 = false and TF3 = false and TF2 = false).