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The Forex Trend Power custom built trading indicator for Metatrader 4 follows the overall trend. The indicator draws a trend following prediction line below the main trading window. A gold colored line indicates a bearish trend. A blue colored line indicates a bullish trend. This indicator can be used to develop trend following strategies and systems.   Trading Signals Buy: Wait for the FXtrendpower indicator to turn from gold to blue color (bearish to bullish). Sell: Wait for the FXtrendpower indicator to turn from blue to gold color (bullish to bearish).   Recommended: Use in combination with an overbought/oversold oscillator to pinpoint entry and exit signals.   Indicator Preferences Currency pairs: any Preferred Time frames: Suitable for 1 min charts and above. Sessions: Around the clock   Configurable Indicator Options Colors,…   EUR/USD 4 Hour Chart Example  

The bands deviations forex indicator generates buy and sell alerts based on a set of bands, similar to Bollinger Bands. Red arrows appear near or above the upper resistance band. Blue arrows appear near or below the lower support band.   Trading Signals Buy: Wait for a blue fastsignals arrow. Sell: Wait for a red fastsignals arrow.   Tip: Use this indicator in agreement with the overall trend. Bands pointing down? Trade the sell arrows. Bands pointing up? Trade the buy signals.   Indicator Preferences Currency pairs: any Preferred Time frames: Suitable for 1 min charts and above. Sessions: Around the clock for timeframes above 30 min. London and US session for time frames below the 30 min.   Configurable Indicator Options Price, bandsdeviations, interpolate alert, sound alert, colors,…   EUR/USD 1 Hour Chart Example  

Posted by calvinwatson

The forex major trend indicator draws trend bars below the main Metatrader 4 window. Blue bars when the major trend goes up, red bars when the major trend goes down. This indicator works well on the higher time frames. Use in conjunction with other trading indicators and analysis tools when trading the lower time frame’s, for example 1 minute charts for scalping purposes.   Trading Signals Buy: Wait for the first blue bar. Open long position at the open of the next bar. Sell: Wait for the first red bar. Open short position at the open of the next bar.   Indicator Preferences Currency pairs: any Preferred Time frames: Suitable for 1 min charts and above. Sessions: Euro and US for charts below the 30 min. 24/7 for charts above the 30 min.   Configurable Indicator Options Deviation, Money Risk, Signal, Line, Bars, Colors,…   EUR/USD 4 Hour Chart Example  

Posted by melissathomas

The Octopus forex trend indicator draws an histogram below the main trading window. Green bars suggest to look for buy signals. On the contrary, red bar suggest to look for sell signals. This trend indicator can be used for fx scalping but use it in conjunction with other trading indicators (slow stochastic, rsi, cci,…). For best trading results, use it on the higher timeframe’s (H1, H4 and D1).   Trading Signals Buy signal: Wait for the first green bar. Open buy position at the open of the next bar. Sell signal: Wait for the first red bar. Open sell position at the open of the next bar.   Tip: Here’s a swing trading strategy designed with the Octopus indicator.   Indicator Preferences Currency pairs: any Preferred Time frames: H1, H4, D1, W1. Sessions: any   Configurable Indicator Options Colors,…   EUR/USD 1 Hour Chart Example  

This advanced forex dashboard indicator measures buyers versus sellers in the market. It can give you a good indication where the future currency price is heading to, up or down. Who wins the battle? A green trend means that buyers outranks the sellers, price goes up. A red trend means that sellers outranks the buyers, price goes down. The buyers vs seller indicator works for the M1, M5, M15, M30, H1, H4 and daily chart.   Trading Signals Buy: Wait for green trend to rise above 90%. Sell: Wait for red trend to rise above 90%.   Indicator Preferences Currency pairs: any Preferred Time frames: Suitable for 1 min charts up to the daily charts. Sessions: Europe and US for charts below the 30 min, 24/7 for 30 min charts and higher.   Configurable Indicator Options ShowHistogram, ShowDelta, Period, Corner, Colors,…   EUR/USD 15 Minute Chart Example  

This is one of the most complete pivot point based trading indicators for Metatrader 4. It shows you the Camarilla pivots, mid pivot level, Fibonacci retracements and the S1,S2,S3,R1,R2 and R3 price levels. It also provides you with the high, low and open price.   Trading Signals Buy: Look for buy signals above the pivot point (bullish). Sell: Look for sell signals below the pivot point (bearish).   Tip: Counter-trend signals: Look for counter-trend signals close to the support 3 and resistance 3 levels (extrememly oversold and overbought).   Indicator Preferences Currency pairs: any Preferred Time frames: Suitable for 1 min charts up to the 4 hour charts. Sessions: any   Configurable Indicator Options Local Timezone, Show Pivots , Show comments, Show Camarilla, Show Fibonacci, Show Levels, Show high low open, Colors,…   EUR/USD H1 Minute Chart Example  

Posted by feliciahoward

This forex trading indicator consists of an upper band, middle band and lower band. Support can be found at the lower blue band and resistance at the upper red band. Price above the green middle band is considered to be bullish. Price below the green band is considered to be bearish.   Trading Signals Buy: In an uptrend market(rising bands), wait for the price to move back above the green middle band from below. Sell: In an downtrend market(falling bands), wait for the price to move back below the green middle band from above.   Indicator Preferences Currency pairs: any Preferred Time frames: Suitable for 1 min charts up to the weekly charts. Sessions: any   Configurable Indicator Options Period, Colors,…   GBP/USD Daily Chart Example  

Posted by ciaranteague

This Metatrader 4 forex indicator measures real market price movements. It doesn’t react quickly to spikes and rapid price movements. As a result, it’s a great trend following indicator for overall trend direction.   Trading Signals Buy: Wait for the price to move above the indicator from below. Alternatively, wait for a slope upwards of the realvalue indicator, then find entry points in the upwards trend.   Sell: Wait for the price to move below the indicator from above. Alternatively, wait for a slope downwards of the realvalue indicator, then find entry points in the upwards trend.   Indicator Preferences Currency pairs: any Preferred Time frames: Suitable for 1 min charts up to the weekly charts. Sessions: any   Configurable Indicator Options Period, Colors, Alpha, Variation,…   GBP/USD Daily Chart Example  

Posted by mackukas

The arbitrage indicator for Metatrader 4 draws signal bars in a sub window below the main trading chart. Each bar represents the stronger versus the weaker currency. For example, in the USD/JPY chart below, yellow colored bars represent JPY > USD (price goes down). On the contrary, green colored bars represent USD > JPY (price goes up).   Trading Signals (see image below) Buy: Wait for the arbitrage indicator to turn green from yellow. Sell: Wait for the arbitrage indicator to turn yellow from green.   Indicator Preferences Currency pairs: Indicator works on the following pairs: GBP/USD, EUR/USD, USD/JPY, USD/CHF and EUR/JPY. Preferred Time frames: Suitable for 1 min charts up to the monthly charts. Sessions: any   Configurable Indicator Options Choose Indicator: MACD, Stochastic, RSI, CCI, RVI, DeMarker, Colors, Periods,…   USD/JPY H1 Chart Example  

Posted by juliareynolds

This forex indicator is called MKNC. It provides easy to read buy and sell signals. The indicator consists of red dots and a blue signal line for trend direction. It’s based on fast and slow exponential moving averages.   Trading Signals (see image below) Buy: Blue indicator signal line crosses the red dots from below. Open buy order at the open of the next candlestick. Sell: Blue indicator signal line crosses the red dots from above. Open sell order at the open of the next candlestick.   Indicator Preferences Currency pairs: Any Preferred Time frames: Suitable for 1 min charts and higher. Sessions: 1 minute, 5 minute , 15 minute: London and US. All trading sessions above the 15 minute time frame.   Configurable Indicator Options Colors, signal period, applied price, fast and slow EMA period,…   EUR/USD H1 Chart Example  

Posted by tommaguire

This fx signals indicator is based on the popular zig zag forex indicator. For best trading results, use in conjunction with Elliot Wave and/or key Fibonacci retracement levels.   Trading Signals Blue arrow: look to buy if the arrow appears near key Fibonacci retracement levels (buy on dips). Red arrow: look to sell if the arrow appears near key Fibonacci retracement levels (sell on rallies).   Indicator Preferences Currency pairs: any Time frames: any Trading sessions: any   Configurable Indicator Options Colors, depth, deviation, backstep…   EUR/USD H1 Chart Example  

The weekly support and resistance forex indicator draws horizontal S/R levels on the chart based on the weekly candlestick from past week.   It’s a great trading indicator for swing and longer-term traders. Use the indicator on the 4 hours and daily charts.   Trading Signals Buy: Look to buy near the weekly support level in an uptrend. Sell: Look to sell near the weekly resistance level in an downtrend.   Indicator Preferences Currency pairs: Any Preferred Time frames: Suitable for 4 hour and daily charts. Sessions: any   Configurable Indicator Options CountBar, start, TF,…   GBP/USD Daily Chart Example  

This Metatrader 4 indicator changes the current time frame with easy to use hotkeys. Switch between the following time frame’s: weekly, daily, 4 hour, 1 hour, 30 minute and 5 minute.   How to use? Load the indicator onto MT4 software and drag and drop to any chart. Now use the hotkeys to switch between the available time frame’s.   Available hotkeys: W (weekly), D (daily), 4 (H4), 1 (H1) , 3 (M30), 5 (M5)   Trading Signals No signals   Indicator Preferences Currency pairs: Any Available Time frames: W (weekly), D (daily), 4 (H4), 1 (H1) , 3 (M30), 5 (M5) Sessions: N/A   Configurable Indicator Options N/A   EUR/USD 5 Minute Chart Example  

The Forextrendscanner indicator follows the forex trend and draws red and green signal candlesticks on the charts. Green for a bullish trend and red for a bearish trend.   Interpretation Lime colored candlesticks: strong up trend, green colored candlesticks: weak uptrend, red colored candlesticks: strong down trend, maroon colored candlesticks: weak down trend.   Forex Signals Buy: Lime candlestick Sell: Red candlestick   Trading Tip Always trade in agreement with the overall trend.   For example, first define the trend on the higher time frame with a moving average then use the lower time frame to enter the trade with the forextrendscanner indicator.   Examples Trend up on the 15 min chart ==> Lime colored bullish candlestick on the 5 min chart ==> Go long.Trend up down on the 5 min chart ==> Red colored bearish candlestick on the 1 min chart ==> Go short.   Indicator Preferences Currency pairs: Any Preferred Time frames: Suitable for 1 min charts and higher. Sessions: any   Configurable Indicator Options Colors, sensitivity…   EUR/USD H1 Chart Example  

Posted by michaelcapers

The no lag zigzag forex indicator connects high and low peaks with a line (see EUR/USD H1 image below).   High peaks mean resistance levels and low peaks support levels. Consecutive higher high peaks indicate that the market is trending up. Consecutive lower low peaks indicate that the market is trending lower.   You can use this indicator in many ways.   For example, buy a breakout above a high peak in an up trend and sell a break below a low peak in an down trend.   Trading Signals Buy: In an up trend: look to buy near the lowest peak. Look to buy a break above the highest peak. Sell: In an down trend: look to sell near the highest peak. Look to sell a break below the lowest peak.   Indicator Preferences Currency pairs: Any Preferred time frames: Any Trading sessions: Any   Configurable Indicator Options Colors, length, Pctfilter…   EUR/USD H1 Chart Example  

This chart pattern indicator for Metatrader 4 shows flag and pennant patterns for any currency pair on any time frame.   Flags and pennant patterns are considered to be continuation patterns.   In other words, the price is likely to continue moving in the direction of the primary trend once the currency pair breaks above or below the pennant or flag pattern.   Trading Signals Buy: First, look for an up trend. Then buy when the currency price closes above the flag or pennant pattern. Sell: First, look for an down trend. Then sell when the currency price closes below the flag or pennant pattern.   Indicator Preferences Currency pairs: Any Preferred time frames: Suitable for 1 min charts and higher. Trading sessions: 1 minute and 5 minute charts , London and US. All trading sessions above the 5 minute time frame.   Configurable Indicator Options Channel period, slope period, pennant pattern factor, flag pattern factor, …   EUR/USD M30 Chart Example  

Posted by gaillaxton

The wedge indicator for Metatrader 4 identifies both rising and falling wedge patterns for any currency pair on any time frame. Wedge patterns are considered to be reversal patterns. In other words, the price is likely to reverse in the opposite direction of the falling or rising trend if the price breaks through the wedge pattern.   Trading Signals Buy signal: Identify a falling wedge pattern (bullish – see image below). Buy a price break through the falling resistance line. Sell signal: Identify a rising wedge pattern (bearish). Sell a price break through the rising support line.   Indicator Preferences Currency pairs: Any Preferred Time frames: Any Sessions: Any   Configurable Indicator Options Calculation period, wedge line mode, high low bands deviations,…   EUR/USD H1 Chart Example  

The ATR forex indicator shows the values of the ATR (Average True Range) period for the following charts: M1, M5, M15, M30, M60, M240, M1440, M10080 and M43200.   Originally developed by Mr. Wilder, the ATR indicator measures volatility of any financial instrument, including forex.   Trading Signals No trading signals.   Indicator Preferences Currency pairs: Any Preferred Time frames: Any Sessions: N/A   Configurable Indicator Options ATR period   EUR/USD H1 Chart Example  

This forex indicator gives buy and sell signals for 10 currency pairs, gold and silver. It’s based on the crossover of 3 moving averages with default period (14, 28, 42). The indicator gives signals on the 1 minute, 5 minute, 15 minute, 30 minute, 1 hour, 4 hour and daily chart. It can be used for scalping, day trading and swing trading.   Trading Signals Buy: Green arrow = buy. Look for strong up trends ==> wait for at least 5 green arrows. Sell: Red arrow = sell. Look for strong down trends ==> wait for at least 5 red arrows.   Indicator Preferences Currency pairs: Works on EUR/USD, GBP/USD, USD/CHF, USD/JPY, USD/CAD, AUD/USD, EUR/GBP, EUR/AUD, EUR/CHF, EUR/JPY, Gold and Silver Time frames: 1 min up to the daily Sessions: Any   Note: Please give it 15-30 seconds to load onto the chart (only first time). Be sure to change the text color (indicator inputs tab) when using a black background.   Configurable Indicator Options Text color, signal color (default green & red), MA periods, symbols,…   EUR/USD M1 Chart Example  

Posted by nikkiagosta

The currency power indicator measures the strength of the 7 major currencies (CHF, AUD, EUR, NZD, JPY, USD, CAD, GBP) and ranks them in a nice little window on the MT4 main chart.   Trading Signals Buy: Look to buy the strongest currency versus sell the weakest currency. Looking at the image below, one would buy the CHF and sell the GBP (CHF/GBP). Sell: Look to sell the weakest currency versus buy the strongest currency. Looking at the image below, one would sell the GBP and buy the CHF (GBP/CHF).   Indicator Preferences Currency pairs: majors + currency crosses Time frames: any Sessions: Any   Configurable Indicator Options Window, corner, X position, Y position, color,…   EUR/USD M30 Chart Example