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TIL Trend Navigator for MT4

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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TIL New Bar Timer executes one simple yet very powerful task - it displays the time left before a new bar forms in any timeframe. With this indicator, you can effectively prepare to enter or exit trades in most occasions, as TIMING IS EVERYTHING. TIL New Bar Timer also changes color gradually as the timer ticks down to zero. This helps the user to estimate quickly how much time there is left in one glance. There are basically three colors that the timer changes to: Red - this means that a new ba
Pivot Point is a technical indicator widely used by traders to predict major price movements by calculating various levels of support and resistance. Investopedia defines the pivot point as follows: A technical analysis indicator used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate ongo
TIL Currency Performance Meter is an intuitive technical indicator for quantifying and visualizing the current momentum and relative strength of the eight major currencies, namely: USD, EUR, GBP, CHF, JPY, CAD, AUD, and NZD, on all timeframes. This is achieved by calculating and consolidating the price percent changes of 28 currency pairs from a certain point in time. The indicator generates a chart wherein each currency is represented by a color-coordinated bar that either shoots up or drops do
TIL Multi RSI indicator applies RSI to 28 currency pairs all at once and displays the most current signal of each one in a two-column list. The currency pairs involved are the combinations of the eight major currencies (USD, EUR, GBP, CHF, JPY, CAD, AUD, and NZD). All the currency pairs are sorted automatically from the one with the highest signal down to the one with the lowest signal in a two-column list starting from the top left to the bottom right. Just a quick recap on what the Relative St
The Doji candlestick pattern is characterized by one that has its open and close prices nearly (if not exactly) equal and resembles the shape of a cross. It is often regarded as a sign of indecision and is especially significant if seen in a down trend or up trend, which potentially signals that sellers or buyers are losing conviction. The TIL Doji Price Action finds and marks all Doji candlestick patterns and intelligent approximations thereof. In addition, it predicts the direction of price wi
The TIL Timeframe Overlay indicator is the perfect tool for multiple timeframe analysis . It does the simple yet powerful task of overlaying a candlestick chart of a different timeframe over another allowing you to see the BIGGER picture and see the underlying TREND amid the noise and volatile price action. Please see the screenshots below for examples. Features: It works in ALL timeframe. It works in ANY instrument/symbol. Displays ENTIRE candlesticks (body and wick) of other timeframes includi
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
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
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
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