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Spearman Rank Corr Forex Indicator

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). […]

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Aroon Forex Signal Indicator

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 […]

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3-Bar Reversal Forex Trading Strategy

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 […]

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Heikin-Ashi Candlestick Bars Indicator

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: […]

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Heikin-Ashi Smoothed Candlestick MT5 Indicator

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 […]

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Advanced Spread Indicator For MT5

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 […]

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