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Master Candle

Master Candle (MC) Indicator automatically detects "Master Candles", also known as "Mother Candles", i.e. candle that engulf several candles that follow them. See screenshots.

You can choose how many candles Master Candle should engulf. By default it is set to 4. Feel free to change colour and thickness of lines as it suites you.


I find this indicator to be very useful to identify congestions and breakouts, especially on 60 minutes charts.

Usually if you see candle closing above or below "Master Candle Congestion" price tends to continue in the direction of breakout. 


Such candle congestions usually occur during trends or at round numbers (psychological levels). Breakout from the congestion usually indicates trend continuation.

MC is highly useful on daily. In most cases when Master candle engulfs 2-3 days, breakouts from it are true and last from 90 to over 300 pips, as seen on EURUSD daily chart (See 2nd screenshot).


This indicator is useful with Trend Tools such as Ichimoku and Moving Averages, as breakout from MC situated entirely below or above moving averages tend to generate significant price moves.

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4.56 (9)
Indicators
This indicator is a super combination of our 2 products  Advanced Currency IMPULSE with ALERT  and  Currency Strength Exotics . It works for all time frames and shows graphically impulse of strength or weakness for the 8 main currencies plus one Symbol! This Indicator is specialized to show currency strength acceleration for any symbols like Gold, Exotic Pairs, Commodities, Indexes or Futures. Is first of its kind, any symbol can be added to the 9th line to show  true currency strength accelerat
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Japanese Candle Patterns
Kristmundur Roman Zakharii
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This indicator (translated from the Japanese source) automatically identifies authentic Japanese candlepatterns (Japanese Sakata Gohou rules) and displays with arrows the following Japanese candlestick patterns: BEARISH AND BULLISH ENGULFING CANDLES (known as Tsutsumi in Japanese) BULLISH THREE WHITE SOLDIERS BEARISH THREE BLACK CROWS BEARISH EVENING STARS BULLISH MORNING STARS THREE LINES THREE INSIDE DOWN (marks with a box) THREE INSIDE UP (marks with a box) You can switch off or on to hav
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Yearly Levels
Kristmundur Roman Zakharii
Indicators
This indicator automatically plots Yearly High , Yearly Low and Yearly Average price levels from the previous year. It also builds two additional equidistant parallel levels ( Extended Highs R2 , R3 / Extended Lows S2 , R3 ) extended from previous Year High / Low. Extended High R3 / Low S3 is 100 percent Low-to-High extension ( as in Fibonacci 100 % extensions ) above / below the previous Year H/L and is the final reversal level with a sure reaction.  Extended High/Low R3/S3   represent the ulti
MACD Platinum
Kristmundur Roman Zakharii
Indicators
This version of the MACD named MACD Platinum is the   MACD indicator calculated with ZeroLag moving averages (ZLEMA) .   ZLEMA is an abbreviation of   Zero Lag   Exponential   Moving Average . It was developed by John Ehlers and Rick Way. ZLEMA is a kind of Exponential   moving average   but its main idea is to eliminate the lag arising from the very nature of the   moving averages   and other trend following indicators.
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Kristmundur Roman Zakharii
Indicators
This tool is known as the Hurst Channel  or Hurst Bands . At first sight, it might resemble the  Bollinger Bands  because it consist of three bands, upper, lower and middle band.  So how do you trade this? If the asset is in a downtrend , you will see lower highs . If these lower highs retrace up to the upper band, you go with the main trend and take a sell. If you are in an uptrend , you should see higher lows that bounce off of the lower band. Stay concentrated on the highs and lows! For tar
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