The Spearman Rank Corr indicator for MetaTrader 4 was initially implemented from the field of statistics. In 1904, Charles Spearman was able to design a statistical gauge for the strength of association between two variables, which obviously became the basis of the rank correlation coefficient, and was named after its creator (Spearman’s rank correlation coefficient). […]Continue reading
The Mass Index forex indicator for MetaTrader4 was developed by Donald Dorsey and deploys the high-low range to spot reversals in trend in respect to expansions in range. In this vein, the Mass Index is a volatility technical studies that is devoid of a directional bias. In its place, it spots range bulges that usually […]Continue reading
The Aroon Oscillator v1 indicator for MetaTrader4 is an indicator that was developed by Tushar Chande and has the ability to spot the formation of new trend as well as also define such trend’s momentum. The Aroon_Oscilator_v1 is computed by working the difference between the Aroon-Up and Aroon-Down. The Aroon_Oscilator_v1 indicator fluctuates between -99 and […]Continue reading
Just as the name sounds, the “3-Bar Reversal Forex Trading Strategy” is a price action pattern that can be found on charts on all tradable forex instruments. The strategy entails a sequence of three bars of the bullish/bearish pattern. Chart Setup MetaTrader4 Indicators: Breakout-zone.ex4 (default setting), Bands.ex4 (color & width modified) Preferred Time Frame(s): Any […]Continue reading
This trading indicator draws 3 timeframe’s (TF1, TF2, TF3) of your choice below the main chart. It’s easy to keep up with long and short trends without the need to switch the main timeframe. You can choose timeframe’s from 1 minute up to the monthly (M1, M5, M15, M30, H1, H4, D1, W1, MN). Trading […]Continue reading
The Heikin-Ashi candlestick indicator displayed as green and red bars in a sub-window below the main MT4 trading chart. A green bar is considered to be a bullish Heikin-Ashi candlestick. A red bar is considered to be a bearish Heikin-Ashi candlestick. The indicator can be used on all pairs and timeframe’s. Trading Signals Green bar: […]Continue reading
An advanced CCI forex trading oscillator for Metatrader 4 that consists of an histogram and oscillator. The CCI period and TCCI period can be modified directly from the input menu. Trading Signals Buy signal: The histogram of the indicator should be green colored, above the 0.00 line. The oscillator (yellow line) should also be oscillating […]Continue reading
Heikin-Ashi uses more price data to construct its candlesticks. Heikin-Ashi Smoothed candlesticks are designed to filter out more noise (reducing false signals), in an effort to keep you trading with the overall trend. General assumptions Bullish signal: Blue Heikin-Ashi smoothed candlestick Bearish signal: Red Heikin-Ashi smoothed candlestick Download Link Download the iheikenashism.mq5 indicator. Example: EUR/USD […]Continue reading
This free forex price action indicator provides trading signals based on the % high price and % low price for the last 100 bars. It can be used on all timeframe’s for any currency pair. Trading Signals Buy signal: The trendline must be blue colored. Then wait for an up arrow to appear on the […]Continue reading
The advanced spread indicator for MT5 shows the current spread for your broker, distance from currency pair price to SL and TP level + freeze level. All values will be updated at every tick. Trading Rules No trading signals from this indicator. Download Link Download the spread_on_chart.mq5 indicator. Example: GBP/USD M5 Chart Characteristics Type: info […]Continue reading
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