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This indicator is called the PowerupSlidnglines Indicator. The indicator finds powerful trendlines on any time frame and draws them directly on the chart.   How to use In up trends: look for buy signals near the support trendline. In down trends: look for sell signals near the resistance trendline. In range-bound markets: look to buy near the support trendline and look to sell near the resistance trendline.   Configurable Indicator Options SR, MainRZZ, FP, SMF, …   GBP/USD H1 Chart Example  

This indicator measures the average daily range (volatility) for the following time periods: 5 days, yesterday, weekly, monthly and 180 days. Just install it into the Metatrader 4 indicators folder and put it to work. Works on all currency pairs. It also shows you today’s high and low price, pips to today’s high, pips to today’s low price,…One of the best daily range indicators I ever came across.   Trading Signals No signals from this indicator.   Configurable Indicator Options Corner Settings, Days, Colors, Show Daily High/Low, …   EUR/USD Weekly Chart Example  

Posted by andrewdoherty

This indicator is called the Mega Trend indicator. It’s a trend-following indicator that can be used on any currency pair and time frame. From the 1 minute up to the monthly chart.   Trading Signals Method 1) Blue indicator line: Buy zone (look for buy signals)Red indicator line: Sell zone (look for sell signals)   Method 2) Buy when the Mega trend line changes color from red to blue.Similarly, sell when the line changes color from blue to red.   Configurable Indicator Options period, method, price,…   EUR/USD Hourly Chart Example  

An easy to read forex support and resistance trading indicator based on the KLPeriod. The red line represents resistance, the green line represents support.   Trading Signals In up trends: buy a break above the red resistance line. Look to buy near support.In down trends: sell a break below the support line. Look to sell near resistance.Flat markets: look to buy near support / look to sell near resistance.   Configurable Indicator Options KLPeriod   EUR/USD Hourly Chart Example  

A special forex buy and sell oscillator indicator that oscillates between 0 and 100. In brief, we are looking to buy above 70 and sell below 30.   Trading Signals Buy when the oscillator changes color from gray to red.Sell when the oscillator changes color from gray to green.Gray color: stay flat (between 30 and 70)   Configurable Indicator Options Len, UpperLevel, LowerLevel, PriceMode,…   EUR/USD Hourly Chart Example  

A buy and sell pressure forex trading indicator. Green colored bars indicate bullish pressure. Vice Versa, red colored bars indicate bearish pressure.   Trading Signals In an established up trend: Buy when the indicator bar changes color from red to green.In an established down trend: Sell when the indicator bar changes color from green to red.   Configurable Indicator Options Colors   EUR/USD M30 Chart Example  

This versatile indicator gives you a lot of market information which includes: Trend (weak, strong), daily range (today, 1 day, 5 days, 10 days, 20 days, 50 days) and daily pivots (PV, R1, R2, R3, S1, S2, S3).   Trading Signals Buy a strong UP trend.Sell a strong DOWN trend.   Use in conjunction with other indicators or trend analysis tools.   Configurable Indicator Options box trade analysis, box trend, pivots, trend calculation,…   USD/JPY M5 Chart Example  

Posted by phelimtimoney

This indicator is called the Free RSI indicator. It’s an advanced RSI indicator based on RSI, 3 Moving Averages and Envelope periods.   Trading Signals Buy signal: Wait for all lines to cross above the green moving average line from below (bullish)Sell signal: Wait for all lines to cross below the green moving average line from above (bearish)   Best signals:For buy: wait for a bullish cross around 30 level (oversold)For sell: wait for a bearish cross around 70 level (overbought)   Use in conjunction with other indicators or trend analysis tools.   Configurable Indicator Options RSI, MA1, MA2, MA3, EnvPeriod, EnvDeviat,…   USD/JPY H1 Chart Example  

This indicator is called the Gann HiLo activator bars. Blue colored bars represent bullish strength while red bars represent bearish strength.   Trading Signals Buy signal: Wait for a blue Gann bar to appear.Sell signal: Wait for a red Gann bar to appear.   Use in conjunction with other indicators or trend analysis tools.   Configurable Indicator Options Lb   GBP/USD Daily Chart Example  

This indicator is called the trendline indicator. It’s an advanced indicator that comes with break out levels and probable break-up and downbreak targets.   Trading Signals Buy signal: Wait for a price break and close above the green horizontal price line.Sell signal: Wait for price break and close below the red horizonal price line.   Probable Targets: T1 (calculated by the indicator)   Configurable Indicator Options AlertsOn, TrendLine, Colors, ProjectionLines,…   USD/JPY Hourly Chart Example  

As an intraday trader, you need to move quickly to make the most of small price movements. This means that you can’t waste time on too many indicators. Spending too much time on multiple tools may lead to missed opportunities. What is more efficient is to focus on a couple of indicators that work effectively to identify trading opportunities, while minimising risk. This is one case where less is more, but you need to choose carefully.   And, to be able to make an informed choice, you first need to know which indicators work the best for intraday timeframes.     Relative Strength Index (RSI) This indicator works on the principle of “buy low and sell high.” RSI is highly useful in indicating when an asset is oversold or overbought and when it may face a reversal. You can set the RSI according to different timeframes, while the values can range from 0 to 100. Here, 100 indicates overbought and zero indicates oversold. The values that lie in between show the expected trend of prices in the market.   For example, if the value of the Relative Strength Index reaches 70, the price is expected to fall and selling would be a suitable option. If the value reaches 30, it will most likely increase and buying is indicated at this point.   However, given that all assets or even currency pairs do not follow the same pattern, it is a good idea to first analyse past RSI values, along with market volatility before making a decision.   Moving Average Convergence Divergence Also known as MACD, this indicator works on the basis of divergence and convergence of two moving average values. It provides information about the direction and duration of a trend, as well as the momentum.   The MACD value is the difference between the 26-day exponential moving average (EMA) and the 12-day EMA. This difference in value is used for drawing the MACD line. The area covered by the MACD spread in the positive section of the chart shows an upward trend. On the other hand, if the MACD spread covers an area on the negative side, it shows a downward trend.   Apart from this, a signal line is also drawn with the help of the 9-day EMA. If the MACD line goes above the signal line, it usually indicates buying. If it stays below the signal line, a sell signal is generated.   Bollinger [email protected] Bollinger Bands were developed by an American author named John Bollinger. These indicators hold a greater advantage over the simple moving average (SMA) indicators. Bollinger Bands form a zone around the price movements of a commodity or asset. These zones are created on the basis of a moving average and a number of standard deviations. Through the help of this indicator, you can predict the direction of trend movements, identify reversals and gauge the volatility. All these things are crucial for making informed trading decisions.   Constituents of Bollinger Bands These bands comprise three main lines, the lower, the middle and the upper lines. The middle line represents a moving average of the prices and the parameters for this moving average are chosen by the trader. The lower and the upper bands are placed on either side of this middle line and the distance between them is calculated through standard deviation. You can choose the number of standard deviations that you want the indicator to consist of. Most people make use of two standard deviations.   An asset that is trading below the lower line can experience an increase in its future price. So, buying is indicated. Conversely, if the price has risen above the upper line, it is considered a sell signal.   Momentum Oscillators Asset prices can rise and fall really quickly. Along with this, there are also short periods that are not related to a bearish or bullish market sentiment. So, it is highly possible that you may unknowingly ignore such rapid developments. This is where indicators like momentum oscillators prove to be useful in intraday trading.   The oscillator values range from zero to 100 and these indicate changes in market trends. There are different types of momentum oscillators used in intraday trading.   On Balance Volume Commonly known as OBV, this is a type of momentum indicator that predicts changes in prices on the basis of volume flow. To calculate the selling and buying pressure, it subtracts the sum of the volumes on down days from the sum of the volumes on up days.   There are three rules regarding the calculation of the current OBV: 1. If a particular closing price is higher than the previous closing price, the current OBV becomes the sum of the current volume and previous OBV. 2. If the closing price is lower than the previous closing price, the current OBV is the difference between the sum of current volume and previous OBV. 3. If the closing price is the same as that of the previous closing price, the previous OBV becomes the current OBV.   Stochastic Oscillators This is considered as the most efficient momentum oscillator because rather than considering the prices or volume, it takes into account the momentum. So, it provides a better indication of trends during trading, since momentum changes its direction faster than price does.   All these indicators can prove to be helpful in intraday trading but be very careful while using them. Sometimes, trends can move in a direction that is quite different from what is suggested by the indicator. So, a thorough technical analysis, coupled with insights from other indicators, is needed to make an informed decision.   While each indicator has its pros and cons, it is best to try them all on a demo account and gain familiarity before choosing one to use under live market conditions.

This indicator is called the FXprime_V2 Final-JE indicator. It’s a buy and sell signals trend bar MT4 indicator based on RSI, CCI, ADX and EMA.   Trading Signals Buy: Wait for the first green bar to appear.Sell: Wait for the first red bar to appear.Flat trend: black (hold on to your current buy/sell position)   Configurable Indicator Options RSI period, EMA angle, CCI period, ADX period, Colors,…   USD/JPY Monthly Chart Example  

Posted by alexsalazar

This indicator is called the HAMA indicator. It draws blue and red bars directly on the forex price chart. A series of blue bars represent bullish pressure (up trending), while a series of red bars represent bearish pressure (down trending). The indicator can be used on any currency pair and time frame.   Trading Signals Buy: Wait for the first blue bar to appear.Sell: Wait for the first red bar to appear.   Configurable Indicator Options Colors   USD/JPY 30 Min Chart Example  

The indicator is called the HMA MT4 indicator. It’s a trend following indicator based on the HMA period with trading filter. Blue dots indicate bullish pressure while orange dots indicate bearish pressure. Works on any time frame.   Trading Signals Buy: Wait for the first lightblue dot to appear.Sell: Wait for the first orange dot to appear.   Use in conjunction with other indicators/analysis tools.   Configurable Indicator Options Price, HMA_Period, PctFilter, ColorMode, AlertMode,…   USD/JPY 30 Min Chart Example  

The indicator is called the I_XO_A_H indicator. It’s some kind of an momentum oscillator that provides bullish and bearish short-term signals. Green bars plotted above the 0.00 are considered to be bullish. Red bars below the 0.00 level are considered to be bearish.   Short-Term Trading Signals Buy: Wait for the first green bar to appear.Sell: Wait for the first red bar to appear.   Use in conjunction with trend following indicator(s) and/or trend analysis.   Indicator Preferences Currency pairs: anyTime frames: anySessions: any (London & US for M1, M5 charts)   Configurable Indicator Options BoxSize   EUR/USD H1 Chart Example  

This is the fifth GMMA forex indicator in a series of 11 indicators entirely based on the Guppy multi moving average. The RainbowMMA_05 consists of the following moving averages: 90 period exponential moving average, 86 period exponential moving average, 82 period exponential moving average, 78 period exponential moving average, 74 period exponential moving average and 71 period exponential moving average.   Trading Signals Buy: Wait for the price to rise above the RainbowMMA_05 GMMASell: Wait for the price to drop below the RainbowMMA_05 GMMA   Indicator Preferences Currency pairs: anyTime frames: anySessions: any   Configurable Indicator Options Colors   EUR/USD H1 Chart Example  

This is the sixth GMMA forex indicator in a series of 11 indicators entirely based on the Guppy multi moving average. The RainbowMMA_06 consists of the following moving averages: 68 period exponential moving average, 65 period exponential moving average, 62 period exponential moving average, 59 period exponential moving average, 56 period exponential moving average and 53 period exponential moving average.   Trading Signals Buy: Wait for the price to rise above the RainbowMMA_06 GMMASell: Wait for the price to drop below the RainbowMMA_06 GMMA   Indicator Preferences Currency pairs: anyTime frames: anySessions: any   Configurable Indicator Options Colors   EUR/USD H1 Chart Example  

This is the seventh GMMA forex indicator in a series of 11 indicators entirely based on the Guppy multi moving average. The RainbowMMA_07 consists of the following moving averages: 50 period exponential moving average, 47 period exponential moving average, 44 period exponential moving average, 41 period exponential moving average, 39 period exponential moving average and 37 period exponential moving average.   Trading Signals Buy: Wait for the price to rise above the RainbowMMA_07 GMMASell: Wait for the price to drop below the RainbowMMA_07 GMMA   Indicator Preferences Currency pairs: anyTime frames: anySessions: any   Configurable Indicator Options Colors   EUR/USD H1 Chart Example  

This is the eighth GMMA forex indicator in a series of 11 indicators entirely based on the Guppy multi moving average. The RainbowMMA_08 consists of the following moving averages: 35 period exponential moving average, 33 period exponential moving average, 31 period exponential moving average, 29 period exponential moving average, 27 period exponential moving average and 25 period exponential moving average.   Trading Signals Buy: Wait for the price to rise above the RainbowMMA_08 GMMASell: Wait for the price to drop below the RainbowMMA_08 GMMA   Indicator Preferences Currency pairs: anyTime frames: anySessions: any   Configurable Indicator Options Colors

This is the ninth GMMA forex indicator in a series of 11 indicators entirely based on the Guppy multi moving average. The RainbowMMA_09 consists of the following moving averages: 23 period exponential moving average, 21 period exponential moving average, 19 period exponential moving average, 17 period exponential moving average, 15 period exponential moving average and 14 period exponential moving average.   Trading Signals Buy: Wait for the price to rise above the RainbowMMA_09 GMMASell: Wait for the price to drop below the RainbowMMA_09 GMMA   Indicator Preferences Currency pairs: anyTime frames: anySessions: any   Configurable Indicator Options Colors