Donchian Bands Metatrader 4 Indicator

Donchian Bands calculate support and resistance levels based on high/low price of x periods. They are a great tool for trading breakouts in the forex market. Donchian Bands use a very simple formula to draw the upper and lower band. Upper Donchian Band: High price of x periods. Lower Donchian Band: Low price of x […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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