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TIL Trend Navigator for MT4

197 USD

Demo downloaded: 3

Published: 12 June 2022

Current version: 1.0

TIL Trend Navigator for MT4

Indicators
Viktor Macariola
Version: 1.0
Activations: 20

Trading Indicator Lab’s Trend Navigator for MT4 is an indicator that can help you reveal the underlying trends in any chart on any timeframe.

Determining Trends

It only takes a minute or two to analyze the indicator with its simple yet insightful methods of representing bullish, bearish and ranging price action across the chart. It forms a single line that runs in 3 directions:

Upward direction – represents a significant bullish price action
Horizontal direction – represents ranging price action or consolidation
Downward direction – represents a significant bearish price action

The indicator borrows the concept of Renko charts where upward and downward price action are shown to move at a single angle. This makes the indicator more intuitive and easier to read.

Support and Resistance

That’s not all. The Trend Navigator can also serve as a support or resistance line at any given point in the bar history. This is distinguished with the dual colors of the lines which alternates at each segment:

Support segment (green) – the segment acts as support where price moves above the line
Resistance segment (orange) – the segment acts as resistance where price moves below the line

Breakouts occur when the bar crosses above or below the Trend Navigator, at which point, its line changes color to signal the change of its role as a support or resistance level.

Alerts

Alerts are triggered when the Activate Alerts input is enabled in the indicator options. It monitors the following events:

Crossing Above/Crossing Below

Crossing above – when price crosses above the indicator’s green or yellow line
Crossing below – when price crosses below the indicator’s green or yellow line

Uptrending/Downtrending

Uptrending – when the indicator determines the beginning of a bullish trend shown when the indicator line shifts color from orange to green (the color may vary if the default plot colors are modified)
Downtrending – when the indicator determines the beginning of a bearish trend shown when the indicator line shifts color from green to orange (the color may vary if the default plot colors are modified)

The candlesticks that meet the criteria of the alert conditions must be confirmed (closed) first before prompting an alert message.

Inputs

Length – sets the number of bars the indicator analyzes at each execution
Support Segment Color – allows the user to change the color of the support segments. Its default color is green
Resistance Segment Color – allows the user to change the color of the resistance segments. Its default color is orange
Activate Alerts – allows the indicator to send alert messages on certain events
Activate Send Notifications – allows the indicator to send alert messages to the user’s mobile device if push notifications are configured in the MT4 terminal

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Fibonacci retracement is one of the most reliable and used technical analysis tools for trading. It uses the so called “golden ratio” to predict certain levels of support (price movement reverses from downward to upward) and resistance (price movement reverses from upward to downward) which is a mathematical pattern seen through out nature and even the universe. Because so many traders make use of this trading strategy and watch these price levels, more often than not the Fibonacci levels become

97 USD

Trading Indicator Lab’s Candle Volume Heatmap for MT4 merges volume with price by applying gradient-colored dots on the bars. It can also detect bars that have the most volume and the least volume. Gradient Coloring When applied to a chart, the Candle Volume Heatmap indicator applies colored dots to each bar which may vary according to its volume. The chart becomes a heatmap where you can easily spot which parts of the bar history are “hottest” or the bars that had the greatest number of volume

149 USD

Trading Indicator Lab's Volume by Price is a volume-based indicator for MT4 that reveals price levels with the most and least volume for each bar within a given period. How It Works You can think of the indicator as a running volume profile that displays the most voluminous price level and the price level that has the least volume. For each bar, the indicator calculates the volume vertically in the price axis. As this is calculated, the indicator creates 2 signals: (1) a large red dot which repr

149 USD

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