Technical Indicators for MetaTrader 4 - 46

If you've been trading for any time, you will almost certainly have come across the concept of support and resistance. This powerful and simple concept lies at the heart of technical analysis. It forms the cornerstone of price action trading. Strange to consider therefore, that such a key component of the traders chart has largely been ignored. Most Forex traders still draw their lines manually, leading to a crude interpretation of these key levels. Even those companies who have developed a trad

Have you ever wondered why so many Forex traders get trapped in weak positions on the wrong side of the market? One of the easiest ways the market makers do this, is by using volatility. A currency pair moves suddenly, often on a news release or economic data. Traders jump in, expecting some quick and easy profits, but the move suddenly moves in the opposite direction. This happens in all timeframes, and in all currency pairs. The candle or bar closes, with a wide spread, but then reverses sharp

The US dollar sits at the heart of all the financial markets. It is the currency of first reserve. It is the ultimate safe haven currency, and it is the currency in which all commodities are priced. It is the currency which every Forex trader should consider – first! Having a view of the US dollar is paramount in gauging market sentiment, attitude to risk, and money flows into related markets and instruments. If you know which way the USD is headed – the rest is easy. The Quantum DXY indicator g

Many Forex traders have either been told, or have learnt from painful experience, that the Yen currency pairs can be both dangerous and volatile to trade. The GBP/JPY is perhaps the most infamous and volatile of all. No wonder then, that many Forex traders simply stay away from the Yen currency pairs. But then they probably don’t have a very clear idea of where the Yen itself is heading. If they did, then trading the Yen pairs would be much more straightforward. And this is where the Quantum JPY

The indicator produces signals according to the methodology VSA (Volume Spread Analysis) - the analysis of trade volume together with the size and form of candlesticks. The signals are displayed at closing of bars on the main chart in the form of arrows. The arrows are not redrawn. Input Parameters DisplayAlert - enable alerts, true on default; Pointer - arrow type (three types), 2 on default; Factor_distance - distance rate for arrows, 0.7 on default. Recommended timeframe - М15. Currency pai

Envelopes is an excellent indicator when the market is trending. Open Long position when the ClosePrice crossed the upper Aqua band. Close Long position when the Price crossed the upper Yellow band moving down. Open Short position when the ClosePrice crossed the lower Aqua band. Close Short position when the Price crossed the lower Yellow band moving up.

The  Average True Range (ATR)  indicator drawn using a tick chart. After launching it, wait for enough ticks to come. Parameters: ATR Period  - number of single periods used for the indicator calculation. The number of ticks to identify Bar  - number of single ticks that form OHLC. Price levels count  - number of displayed price levels (no levels are displayed if set to 0 or a lower value). price mode  - choice of prices under calculation (can be bid, ask or average). Сalculated bar  - number of

The  Williams' Percent Range (%R)  indicator drawn using a tick chart. After launching it, wait for enough ticks to come. Parameters: WPR Period  - period of the indicator. Overbuying level  - overbought level. Overselling level  - oversold level. price mode  - choice of prices under calculation (can be bid, ask or average). Сalculated bar  - number of bars for the indicator calculation. The following parameters are intended for adjusting the weight of WPR signals (from 0 to 100). You can find t

The  Price Channel  indicator drawn using a tick chart. After launching it, wait for enough ticks to come. Parameters: Period  - period for determining the channel boundaries. Price levels count  - number of displayed price levels (no levels are displayed if set to 0). price mode  - choice of prices under calculation (can be bid, ask or average). Bar under calculation  - number of bars on the chart for the indicator calculation. Buffer indexes: 0 - Channel upper, 1 - Channel lower, 2 - Channel m

Moving Average Bars is a self-explanatory indicator with one input parameter: nPeriod. When the previous Price Close is above the previous indicator Bar, the probability to go Long is very high.   When the previous Price Close is under the previous indicator Bar, the probability to go Short is very high.

The support and resistance levels are among the main components of the entire technical analysis. They are used both by professional traders and by beginners. Prices usually move within the price channels. The upper boundary of such a channel is called resistance, and the lower one is support. This indicator plots fractal support and resistance lines at the highest and lowest local price values (fractals). Distinctive features Does not redraw. Clear and understandable signals. It is possible t

The indicator is based on Fibo levels. The Indicator's Objective Calculation of the first market movement (from levels 0 to 100). Displaying possible price movement from 100 and higher to Profit Level , as well as in the opposite direction to Correction level  and Revers level depending on the direction. The indicator is not redrawn! All indicator levels can be configured by users: CorrectLvl - correction level. When reached, level 100 is drawn (the market has performed its first movement). Th

Description Heiken Ashi Multicurrency  is a colored well-known multicurrency/multy-symbol indicator. It shows a financial instrument as a smoothed candlestick chart in a separate window below the chart of the main financial symbol. The indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument, you will receive an error m

Description The indicator is intended for labeling the chart using horizontal levels and/or half-round prices on Heiken Ashi chart in a separate window. The indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrument is unknown (does not exist). A user can c

The indicator allows determining the strength and direction of the trend precisely. The histogram displayed in a separate window shows changes of the slope of the regression line. A signal for entering a deal is crossing the zero line and/or a divergence. The indicator is also useful for wave analysis. Input Parameters: Period - period of calculation, 10 on default; Angle threshold - slope at which a flat is displayed, 6.0 on default (within the range from -6.0 to 6.0); Filter by volume - volume

Description Heiken Ashi Pivot  is a universal color multicurrency/multisymbol indicator of the  Pivot Points  levels systems on Heiken Ashi candlesticks. You can select one of its three versions:  Standard Old Standard New  and  Fibo . It plots pivot levels in a separate window. The system will automatically calculate the  Pivot Point  on the basis of market data for the previous day ( PERIOD_D1 ) and the system of support and resistance levels, three in each. It can also display price tags for

This indicator analyzes price action patterns and helps you to make positive equity decisions in the binary options market. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to trade Trade both call and put options No crystal ball and no predictions The indicator is non-repainting The only strategy suitable for binary options is applying a mathematical approach, like professional gamblers do. It is based on the following principles: Every binary option represents

This indicator is based on the same idea as https://www.mql5.com/en/market/product/2406 , but instead of Average Bars it uses series or Fibonacci sequence. When the previous Price Close is above the previous indicator Bar, the probability to go Long is very high. When the previous Price Close is under the previous indicator Bar, the probability to go Short is very high.

This indicator is based on two ideas: Correlations between 5 main currency pairs: EURUSD, GBPUSD, USDCHF, USDJPY, USDCAD; US Dollar Index = the value of the United States dollar relative to a basket of foreign currencies. The use of the indicator is the same as classical  Commodity Channel Index  (CCI) indicator. CCI is calculated with the following formula:  (Typical Price - Simple Moving Average) / (0.015 x Mean Deviation) (Typical Price - Simple Moving Average) / (0.015 x Mean Deviation)

A  tick  is a measure of the minimum upward or downward movement in the  price  of a security. A  tick  can also refer to the change in the  price  of a security from one trade to the next trade.  This indicator will show amounts of ticks when the price goes up and down. This indicator is designed for M1 time frame and shows: Sum of points when the price goes up (Green Histogram). Sum of points when the price goes down (Red Histogram). 

This indicator is a combination of 2 classical indicators MA and RVI. The Relative Vigor Index (RVI) is a momentum indicator used in technical analysis that measures the strength of a trend by comparing a security's closing price to its trading range while smoothing the results using a simple moving average   The input parameter  counted_bars  determines how many bars the indicator's lines will be visible. The input parameter MaRviPeriod  is used for MA and RVI calculation.

This indicator is a combination of 2 classical indicators: MA and Force Index. The input parameter  counted_bars  determines on how many bars the indicator lines will be visible. The input parameter  MaForcePeriod  is used for MA and Force calculation. You may go Long if the current price crossed Up the Ribbon (HISTOGRAM)  and you may go Short if the current price crossed Down the Ribbon (HISTOGRAM)

This indicator is a combination of 2 classical indicators: MA and CCI. Two moving averages form Upper and Lower bands. The input parameter  counted_bars  determines on how many bars the indicator's lines will be visible. The input parameter  barsNum  is used for MA and CCI calculation.

This indicator is using 2 classical indicators: Commodity Channel Index from the higher TF (which you may change using input parameter TimeFrame ) and Average True Range from the current TF. The Green ribbon indicates the upper trend and the Red ribbon indicates the down trend. Buy when the Yellow line crosses the Upper bound (Aqua line). Sell when the Yellow line crossover the Lower bound (Aqua line).

This is a self-explanatory indicator - do nothing when the current price in the "fence" (flat) mode. Definition of a flat market: A market price that is neither Up nor Down. The input parameter  counted_bars  determines on how many bars the indicator's lines will be visible starting from the current Bar backward. The input parameter  barsNum  is used as a Period for aqua "fence" calculation.

Since a  flat  price stays within the same range and hardly moves, a horizontal or sideways trend can negatively affect the trade position A  flat  can also refer to a trade in which the currency pair has not moved significantly up or down and, therefore, has no large gain or loss attributed to the  forex  trading position. This Indicator is created for a M15 time frame. The Zero-Line means a flat market.  The positive and negative impulses indicate the Long and Short movements accordingly.

The input parameter  counted_bars  determines on how many bars the indicator lines will be visible. The input parameter  barsNum is the period for bands calculation. When PriceClose for previous bar is above upper band a Long position may be opened. When PriceClose for previous bar is under lower band a Short position may be opened. If the current Price is between bands it is time to wait.

This indicator is based on the Fibonacci sequence.  The input parameters fiboNum is responsible for the number in the integer sequence. The input parameter  counted_bars  determines on how many bars the indicator's lines will be visible.  When the previous Price Close is above the previous indicator Bar, the probability to go Long is very high. When the previous Price Close is under the previous indicator Bar, the probability to go Short is very high. 

Opening positions in the direction of the trend is one of the most common trading tactics. The main idea is that the probability of the trend continuation is higher than that of its change. This indicator determines the direction of a local movement, marking the beginning of a trend with a large dot and its continuation with a line of the corresponding color. Distinctive features No Repaint. Simple and accurate settings. Clear and understandable signals. Works on all timeframes and symbols. Su

Fibonacci sequence is defined by integer sequence: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, ... By definition, it starts from 0 and 1, the next number is calculated as a sum of two previous numbers. Instead of the standard moving average, the indicator uses the following calculation of average price: Bar0 + Bar1 + Bar2 + Bar3 + Bar5 + Bar8 + Bar13 + Bar21 + ... Input parameters FiboNumPeriod_1 - numbers in the following integer sequence for Fibo Moving Average 1. nAppliedPrice_1 - Close p

Transform your trading approach with reliable bullish and bearish patterns This indicator evaluates volatility and price directionality simultaneously, which finds the following events. Decisive and sudden price movements Large hammers/shooting stars patterns Strong breakouts backed by most market participants Indecisive but volatile market situations It is an extremely easy to use indicator... The blue histogram represents the bullish impulse The red histogram represents the bearish impulse The

This highly informative indicator applies overbought/oversold levels for more accurate representation of the market situation. It is also possible to change the appearance of the indicator - line or histogram. Additional parameters enable more fine-tuning, while trading can be inside the channel and along a trend. Distinctive features Oversold/overbought levels; Does not redraw. Displayed as a line or a histogram; Works on all timeframes and symbols. Suitable for manual trading and developmen

MACD indicator with overbought and oversold zones. Two display options - classic lines and a histogram. Can be used to detect a possible reversal or pullback in price, as well as for channel strategies All settings are simple and straightforward - all like a standard indicator, but with additional support and resistance levels Can be used both separately and together with other indicators

Awesome oscillator with overbought and oversold zones. A series of OBS indicators (overbought and oversold) - these are indicators enhanced with overbought and oversold zones. This makes it possible to determine when the instrument is trending, as well as when it is flat. Works on all timeframes, all currency pairs, metals and cryptocurrencies. Can be used with binary options. Settings OBS Period - period of overbought and oversold calculation

Accelerator indicator with overbought and oversold zones. A series of OBS indicators (overbought and oversold) - these are indicators enhanced with overbought and oversold zones. This is the standard indicator, but it provides additional possibilities for the analysis of any market. Thanks to a special algorithm, this indicator has overbought zones =70 and =100, as well as oversold zones -70 and -100, which allows you to use it to determine the possible reversal or pullback of the price, as well

The Bears indicator with overbought and oversold zones. Two display options - as a line and as a histogram.  A series of OBS indicators (overbought and oversold) - these are indicators enhanced with overbought and oversold zones. This is the standard indicator, but it provides additional possibilities for the analysis of any market. Thanks to a special algorithm, this indicator has overbought zones =70 and =100, as well as oversold zones -70 and -100, which allows you to use it to determine the

Bulls indicator with overbought and oversold zones. Two display options - as a line and as a histogram. OBS (overbought and oversold) indicator series - are indicators that have been provided with overbought and oversold zones. This is the standard indicator, but it provides additional possibilities for the analysis of any market. Thanks to a special algorithm, this indicator has overbought zones =70 and =100, as well as oversold zones -70 and -100, which allows you to use it to determine the p

The Force Index indicator with overbought and oversold zones. Two display options - as a line and as a histogram.  A series of OBS indicators (overbought and oversold) - these are indicators enhanced with overbought and oversold zones. Settings OBS Period - overbought/oversold calculation period Force Period - period of Force Price MA - prices for MA calculation Method MA - MA calculation method Line or Histo - display by line or histogram

Multicurrency indicator Any chart obs is a price chart with a percentage scale. Can be displayed as a line and as a histogram. There is also a reverse function available, it mirrors the chart. The name of an instrument to be displayed is specified in the input parameters, the current symbol is used on default. The indicator doesn't have lags as it is not smoothed with any formulas, but bound to a percentage scale, what allows detecting the price equilibrium, the overbought and oversold state. Th

The Accumulation indicator with overbought and oversold zones. Two display options - as a line and as a histogram.  A series of OBS indicators (overbought and oversold) - these are indicators enhanced with overbought and oversold zones.  Simple and straightforward settings that are easy to match to the right tool In the indicator, you can adjust: Display depth of the indicator Color of indicator levels

MTF Moving Averages indicator with overbought and oversold zones. Two display options - as a line and as a histogram. A series of OBS (overbought and oversold) indicators - these are indicators that have been enhanced with overbought and oversold zones. Another feature of this indicator is that the lines of the  indicator s (when analyzing several  indicator s in a single window) are not redrawn relative to each other when scrolling the chart. Settings OBS Period - period of overbought/oversol

This indicator is using classical indicators: Average Directional Movement Index from the higher TF (which you can set up using input parameter TimeFrame). Yellow line represents the Main Average Directional Index from the senior TF. Green line represents the Plus Directional Indicator (+DI)  from the senior TF. Red line represents the Minus Directional Indicator (-DI)  from the senior TF. Green histogram represents Up trend. Red histogram represents Down trend.

Description Indicator for MT5 is here. It displays alternative (mathematically calculated) support and resistance levels, as well as the levels the price is most likely to achieve in the near future. The calculation is based on history data, and the quality of quotes is critical when generating lines. The lines built by Magneto Pro and Magneto Weekly Pro do not change on the entire calculation period. Application Magneto Pro can be used both in conjunction with an existing strategy and as a se

Индикатор Magneto Weekly Pro отображает: Недельные важные линии поддержки и сопротивления (выделены желтым, красным и синим цветами). Основные недельные цели (выделены белым цветом). Недельные паттерны возврата цены (обозначаются красными флажками). Применение индикатора Magneto Pro можно использовать и как дополнение к существующей стратегии, и как самодостаточную торговую стратегию. Данный продукт состоит из двух индикаторов, работающих на разных временных промежутках, и предназначен для скаль

The indicator gives signals on trend reversal or the possible direction of price movement when leaving the flat movement. Features and settings: Sensitivity = 3 - sensitivity from 1 to 5; the higher the value, the more signals (example displayed in the screenshot below). DeepBars = 3000 - indicator display depth. ZeroBarCalc = false - use a zero bar in the calculations; if yes, the signal will appear earlier, but it may disappear before the current candlestick is closed. UseAlert = false - e

The indicator identifies the direction and strength of the trend. Bearish trend areas are marked with red color, bullish areas are marked with blue color. A thin blue line indicates that a bearish trend is about to end, and it is necessary to prepare for a bullish one. The strongest signals are at the points when the filled areas start expanding. The indicator has only two parameters: period - period; offset - offset. The greater the period, the more accurate the trend identification, but with a

A moving average is commonly used with time series data to smooth out short-term fluctuations and determine longer-term trends. The proposed indicator has an ability to increasing a smooth-effect. This indicator could play an important role in determining support and resistance. An input parameter nPeriod determines number of Bars for Moving AboveAverage calculation.

Cycles Predictor Indicator This indicator uses past market cycles to predict future price movements. The indicator scans through past data and considers  combinations  of cycles. When cycles  coincide  at the same future date/time then it is considered a valid future prediction. The predictions are drawn as vertical lines on the right side of the chart in the future. A prediction will often result in type of candle (ex. bull or bear) and/or a reversal point (ex. bottom or top) forming at this ex

The concept of bands, or two lines that surround price, is that you will see overbought and oversold conditions. The proposed indicator has the ability to increase a smooth-effect in the bands Indicator. This indicator could play an important role in determining support and resistance. nPeriod input parameter determines number of Bars for Moving Above Bands calculation.

This indicator evaluates the market sentiment using raw price action measurements, and it is an amazing trading confirmation. It can be used to take a trend-trade approach or a contrarian approach using reversal patterns. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Find early reversals Confirm short-term trades Detect indecision on the market Take contrarian trades near support and resistance levels Trade inside bars confirmed by overall direction of the market T

This indicator shows you the angle of the moving average according to your settings in a separate window. It also shows the angle written on the chart, which can also be adjusted. The main features and input variables provided include: MAPeriod: This is the period for your moving average. The default MAPeriod is 5. LookBack: This is a very important variable. It allows you to set the look back bar, from which the angle will be measured. For example, if your LookBack is 5, then indicator will cal

The indicator draws trend lines based on Thomas Demark algorithm. It draws lines from different timeframes on one chart. The timeframes can be higher than or equal to the timeframe of the chart, on which the indicator is used. The indicator considers breakthrough qualifiers (if the conditions are met, an additional symbol appears in the place of the breakthrough) and draws approximate targets (target line above/below the current prices) according to Demark algorithm. Recommended timeframes for t

This indicator is suitable for seeing trends and determining the time to open a position. It is equipped with a Stop Loss position. Easy to use. Just watch the arrows provided. Indicator parameters Shift - the number of bars used for the indicator shift to Right." Step Point per Period - the number of pips for down or Up trend lines" Time Frame - Calculate @ this Time Frame." Max_Bar - the number of bars used for calcuulate indicators (if '0' then All bars to calcuulate)." Alert_On - On or Off

This indicator is based on the classical Envelopes indicator. The proposed indicator has the ability to increase a smooth-effect in the Envelopes Indicator. This indicator could play an important role in determining support and resistance. nPeriod input parameter determines the number of Bars for Moving Above Envelopes calculation.

The indicator calculates critical price levels. If the level is red, the price has passed it downwards; if the level is blue, the price has passed it upwards. If the price is approaching the blue level from below, that level will most probably be broken through. If the price is approaching it from above, there will most probably be a rollback. Similarly, if the price is approaching the red level from above, the level will most probably be broken through. If the price is approaching it from below

This indicator calculates and displays Murrey Math Lines on the chart.  The differences from the free version: It allows you to plot up to 4 octaves, inclusive (this restriction has to do with the limit imposed on the number of indicator buffers in МТ4), using data from different time frames, which enables you to assess the correlation between trends and investment horizons of different lengths. It produces the results on historical data. A publicly available free version with modifications intr

CMI - Profit from trending and ranging markets. The CMI indicator is a two-part system used to trigger both trend and counter-trend trades, that has been introduced by Daniel Fernandez in an article published in Currency Trading Magazine (August 2011 issue). It is a simple, yet effective indicator, which gauges whether the market has behaved in a choppy (non-directional) manner or trending (directional) manner. CMI calculates the difference between the most recent bar's close and the close n bar

MACD Message is an analogue of the MACD Alert for the MetaTrader 4 terminal with more advanced functionality: Parameters 'Averaging Method' and 'Price Type' ( MA method and Apply to ) are displayed in the settings window. It gives an advantage of monitoring convergence/divergence of all types of Moving Average (Simple Averaging, Exponential, Smoothed and Linear Weighted) and by any price (Closing Price, Opening Price, the Maximum Price for the Period, the Minimum Price for the Period, Median Pri

This is an indicator for MetaTrader 4. It is small, nice and compactly sized for a chart window, while conveniently displaying all the necessary information: open position volumes and total profit on them. Font size, corner and color can be set according to your preferences. By default, a positive position is displayed in green and a negative one is shown in red. Happy Trading. Indicator Parameters Symbol - name of the current symbol in the window: Show – display, Hide – do not display; Profit

Unlike the standard indicator, Stochastic Oscillator Message ( please see the description and video ) features an alert system that informs you of changes in the market situation using twenty signals: the Main line and Signal line cross in the area above/below the levels of extremum (below 20%; above 80%); the Main line and Signal line cross within the range of 20% to 80%; the Main line crosses the levels of extremum; the Main line crosses the 50-level; divergence on the last bar. Parameters of

RSI TrendLine Divergency Message is an indicator for the MetaTrader 4 trading platform. Unlike the original indicator, this three in one version has a system of alerts that inform on market situation changes. It consists of the following signals: when the Main line crosses the levels of extreme zones and 50% level; when the Main line crosses the Trend line in the indicator window; divergence on the last bar. Parameters of levels of extremum, 50-level and divergence are adjustable. Parameters L

This indicator is based on the classical Alligator indicator. The proposed indicator has the ability to increase a smooth-effect in Alligator Indicator. This indicator could play an important role in determining support and resistance lines.  Support  occurs when falling prices stop, change direction, and begin to rise.  Support  is often viewed as a “floor” which is  supporting , or holding up, prices.  Resistance  is a price level where rising prices stop, change direction, and begin to fall.

An indicator of patterns #45 and #46 (Three Falling Peaks and Three Rising Valleys) from Encyclopedia of Chart Patterns by Thomas N. Bulkowski. Parameters: Alerts - show alert when an arrow appears   Push - send a push notification when an arrow appears (requires configuration in the terminal) PeriodBars - indicator period K - an additional parameter that influences the accuracy of pattern shape recognition. The smaller the value is, the smoother the row of peaks/valleys should be, so fewer patt

MACD Color ( please see the description and video ) is an indicator for the MetaTrader 4 trading platform that is similar to MACD Message . Unlike the standard indicator, it changes the bar edge color when there is a change in the market situation - a change in the trend strength or a change in the inclination of the main EMA which represents the zero level - it changes the color of the zero level (this parameter can be disabled in the settings). Take a look at how the indicator can be used in a

The Four Moving Averages indicator ( please see the description and video ), a version of Four Moving Averages Message , concurrently displays four Moving Averages with default settings in the main chart window: Green and Red ones represent a short-term trend, Red and Blue ones - mid-term trend, while Blue and Yellow ones - long-term trend. You can change the moving average settings and colors. However, these parameters have been configured so that to allow trading on all time frames. Take a loo

The Four Moving Averages Message indicator ( please see the description and video ), a version of Four Moving Averages , concurrently displays four Moving Averages with default settings in the main chart window: Green and Red ones represent a short-term trend, Red and Blue ones - mid-term trend, while Blue and Yellow ones - long-term trend. You can change the moving average settings and colors. However, these parameters have been configured so that to allow trading on all time frames. The built-

The Display Stochastic System indicator for the MetaTrader 4 trading platform ( see description (in Russian) ) is compactly sized for a chart window, while displaying Stochastic indicator results for all time frames in a single window. Parameters for each time frame are set separately. Font size, corner and color can be set according to your preferences. By default, a buy signal is green and a sell signal is red. The overbought market is dark red (prepare to sell -> wait for the red color). The

The Display ADX System indicator for the MetaTrader 4 trading platform ( see description (in Russian) ) is compactly sized for a chart window, while displaying ADX indicator results for all time frames in a single window. Parameters for each time frame are set separately. Font size, corner and color can be set according to your preferences. By default, colors of time frame names are as follows: no trend - white, bullish trend - green, bearish trend - red. If the ADX is rising on the last three b

The indicator is based on pair trading methods. It is not redrawn unlike similar indicators. Shows correlation between two selected instruments in percent for a predetermined period, and the positions of the instruments relative to each other. Has a function for reverse display of any of the analyzed symbols - for instruments with negative correlation. Can be drawn as a line or as a histogram. Settings: Symb1 - first symbol name. Revers1 - reverse display of the first symbol. Symb2 - second symb

This is an indicator that helps you to see what symbols have the best SCORE of SWAP and SPREAD. The SCORE is calculated as follows: SWAP/SPREAD. So, the higher SCORE/SPREAD symbols have, the better (because everyone wants their orders to have positive swap, while keeping spread small). This indicator will help traders have an advantage in swap when choosing symbols and type (buy or sell) to make an order. You can see (in the picture) that this indicator shows a list of symbols with their score b