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Top indicators for MetaTrader 4 based on user ratings - 7
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The author insists that users may utilize this indicator as an external interface for all other indexes.
It was written at the request of one trader, it draws the horizontal lines at the level of the last fractal upwards and downwards.
The NRTR indicator lies below the chart at rising trends and lies above the chart at descending trends.
Модифицированный индикатор Fibonacci Pivots. Теперь уровни отображаются на истории и подписаны значения.
This script is based on the 4th dimension of the Bill Williams chaos trading system. The advancement is that this script takes advantage of the Heiken Ashi candles.
It calculates and shows Stop Loss levels (for Buy and Sell positions) using the method described by Bill Williams in his book "Trading Chaos". A new feature has added: now all it can be analysed in history.
Modified version of Donchian channel that shows when to Buy & Sell and most important, where to place stop-loss.
This indicator shows the future movement depending on similar movement in the past.
The post-zigzag can count the moving of zigzag line. If see many continuous post on screen, It's will more signal for changing the trend of price.
This indicator use in cross ( es. EURAUD, GBPAUD, EURGBP, ect) depends of correlation of currency. Usually I use with timaframe Daily. But I think can to use in another timeframe. Important can use in commodity and stocks.
This indicator watches the major currency pairs to find the status of the current candle (Bullish or Bearish) of USD, EUR, and GBP compared to other currencies such as EUR, JPY, GBP, CHF, AUD, and CAD.
Account Balance, Equity, Margin, Free Margin + Account Profit: position anywhere on chart - hide any item - enhanced user preference options.
This indicator is based on the moving average, but it doesn't use any standard moving average indicators.
Shows when two or three consecutive bull or bear candles of a certain size print after qualifying the stochastic level of the initial candle in the series. New in version 3 /* Changelog 2-4-19 Added 50% line to indicator box - Ignored changing the indicator lines individually since mql does not have a built-in language convention to create this change would require too much additional research and effort. Fixed error with the DodgerBlue lines not showing, the problem was due to using DodgerBlue instead of clrDodgerBlue in the code to indicate color, should be fixed now. */
Currency Index that calculates evenly on all 7 major pairs. Can also change base currency. Based on No Nonsense Forex podcast.
Power of EUR indicator shows actual strength of currency EUR calculated of 7 pairs that contain EUR. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR USD, EUR GBP, EUR JPY, EUR AUD, EUR CHF, EUR CAD, EUR NZD.
Power of NZD indicator shows actual strength of currency NZD calculated of 7 pairs that contain NZD. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR NZD, GBP NZD, AUD NZD, NZD USD, NZD CAD, NZD JPY, NZD CHF.
Now combines 14 different indicators and 7 timeframes in an easy to read meter for any FX chart. Includes inbuilt History viewer. Fully configurable signals & indicators.
Indicator displays the value of defined stop loss and or take profit in the deposit currency.
A maximally optimized algorithm of constructing Kaufman AMA (Adaptive Moving Average).
The indicator draws the charts of equity and balance by the data of account's history, it uses the current opened positions for updating the charts in the real time mode as well.
Indicator shows buy and sell regions based on combination of Bollinger bands and Keltner channels.