1

SDX-Zone Breakout Metatrader 4 Indicator

The SDX-Zone Breakout indicator identifies previous support and resistance levels. It then places an entry line along with profit target and recommended stop-loss. Trading Rules BUY: Buy 1 pip above the upper breakout line. SELL: Sell 1 pip below the lower breakout line. P&L: Set your stop-loss and profit target levels. Download Download the SDX-Zone […]

Continue reading

Doda Donchian Metatrader 4 Indicator

A modificated version of the well known turtle indicator with very simple rules to buy and sell currencies. Works with all currency pairs and timeframe’s. The indicator contains an automated suggested stop-loss for long and short trades. Trading Rules BUY: Price breaks and closes above the red line. SELL: Price breaks and closes below the […]

Continue reading

Heikin-Ashi Metatrader 4 Indicator

Heikin-Ashi candlestick charts look very similar to regular candlestick charts but differs because of the used formula to calculate and draw the candlesticks. Heikin-Ashi Used Formula Close = (Open+High+Low+Close)/4 Open = [Open (previous bar) + Close (previous bar)]/2 High = Max (High,Open,Close) Low = Min (Low,Open, Close) Advantages of using Heikin-Ashi candlesticks Heikin-Ashi candlestick charts […]

Continue reading

Sadukey Metatrader 4 Indicator

The Sadukey indicator is another trend following indicator developed for the Metatrader 4 platform. Red dots indicate an uptrending market. Blue dots indicate a downtrending market. Use in conjunction with other technical analysis tools to create a complete forex trading system. Stop Loss Placement A stop loss will be placed a few pips above the […]

Continue reading

Drive Metatrader 4 Indicator

The Drive indicator for MT4 looks very similar to the popular ADX indicator developed by Welles Wilder. The main purpose of the indicator is to determine the strength of the current trend. The green line above the red line indicates an uptrend in the market while the red line above the green line indicates a […]

Continue reading

Pin Bar Metatrader 4 Indicator

The automated pinbar indicator for MT4 identifies pin bars on every timeframe and shows them on the chart. Pinbars can be extremely useful to find and trade possible reversals in the market. The indicators works for all currency pairs. This trading indicator is very popular among forex price action traders. Download Download the Pin Bar […]

Continue reading