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OverlayChart PRO

What is the Overlay Chart Indicator?

The Overlay Chart indicator is exactly as its name suggests. It is a custom technical indicator which overlays another price chart over the current price chart window. It allows traders to overlay another currency pair over one pair which allows them to compare price movements and the characteristics of price action. It then plots a grid to indicate the price of the overlaid currency pair for better reference.

It also plots the open, high, low, and close price of the overlaid currency pair on the upper left corner of the price chart, just below the open, high, low, and close price of the main currency pair.

How the Overlay Chart Indicator Works?

The Overlay Chart indicator simply retrieves the price chart data of the chosen currency pair to be overlaid on the price chart from the broker’s server. It then plots the price chart of the chosen currency pair over the main currency pair. Based on the range of the price displayed by the overlaid currency pair, the indicator would then plot a grid that indicates the price levels.

It also uses the price data from the broker’s server as a basis for the open, high, low, and close price to be displayed on the upper left corner of the chart.

How to use the Overlay Chart Indicator for MT4

The Overlay Chart indicator has several options within its indicator settings that are very important for its use.

The “SubSymbol” field allows traders to modify what currency pair would be displayed on the price chart. It is done simply by typing in the currency pair that we would want overlaid.

The “BullBarColor” and “BearBarColor” fields allow traders to modify the color of the bars being overlaid.

The “GridColor” allows traders to change the color of the price grid.

“Mirroring” plots the price chart inversely. This is useful for inversely correlated currency pairs.


The Overlay Chart can be used to identify correlated pairs. For example, the EURUSD and GBPUSD pairs are correlated because of the US Dollar currency. These pairs would have similar price action characteristics.


It can also be used for inversely correlated pairs. For example, GBPUSD and USDCHF pairs would somehow be inversely correlated and would move in opposite directions because on one pair, the US Dollar is commodity currency, while on the other pair it is a term currency.

Traders can also confirm currency strength using this indicator. If the driving force of price action is due to a certain currency pair, the currency pairs with a common currency would usually have a strong correlation.

Conclusion

The Overlay Chart indicator may not be an indicator that provides technical indications pertaining to trends, momentum, and reversals. However, the information it provides is vital since it allows traders to identify which currency is driving the market. This is a competitive trading edge which traders can use to their advantage.


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Max Payne은 화살표 형태로 신호를 제공하는 반전/추세 신호 지표입니다. 이 지표는 동일한 막대 종가에 신호를 제공하며, 이 지표는 신호의 이중/삼중 확인을 위해 다양한 기간으로 차트에서 여러 번 떨어질 수 있습니다. 표시기는 다시 칠하거나 다시 칠하지 않는 동안 모든 거래 스타일에 맞게 고도로 조정 가능합니다. 사용된 템플릿과 함께 구매 후 스크린샷에 표시된 전체 시스템을 얻을 수 있습니다. ----------------- 거래 방법: 트렌드 필터(구매 후 얻을 수 있는 Payne 트렌드)가 방향에 동의하는 동안 동일한 바에서 세 번의 확인을 받을 때까지 기다리세요. 거래를 개시하고 매수 거래의 경우 황금색 화살표(템플릿) 아래에 정지 손실을 설정하고 매도 거래의 경우 황금색 화살표(템플릿) 위에 설정하면 종료 신호는 반대쪽 첫 번째 흰색 점 신호(템플릿)입니다. ----------------- 매개변수: 신호주기 : 화살표주기 필터: 신호 필터 거리 : 양초로부터의 화살표
Le système PRO Renko est un système de trading très précis spécialement conçu pour le trading de graphiques RENKO. Il s'agit d'un système universel qui peut être appliqué à divers instruments de négociation. Le système neutralise efficacement ce qu'on appelle le bruit du marché en vous donnant accès à des signaux d'inversion précis. L'indicateur est très facile à utiliser et n'a qu'un seul paramètre responsable de la génération du signal. Vous pouvez facilement adapter l'outil à n'importe q
Quantum Currency Array Indicator
QUANTUM TRADING SOFTWARE LIMITED
This indicator has been developed to identify and display these trends quickly and easily, allowing you to see instantly, those currency pairs which are trending, and those which are not – and in all timeframes, with just one click. The 28 currency pairs are displayed as a fan as they sweep from strong to weak and back again, and this is why we call it the ‘currency array’. All 28 pairs are arrayed before you, giving an instant visual description of those pairs that are trending strongly, those
Noise filtering: the key to mastering trends This indicator tracks the market trend with an unmatched reliability, by ignoring sudden fluctuations and market noise. It has been designed to trend-trade intraday charts and small timeframes. Its winning ratio is around 85%. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade Find oversold/overbought situations Enjoy noise-free trading at all times Avoid being whipsawed in intraday charts The indicat
JULY OFFER 80% OFF next price for unlimited version will be 17000$. This is the only time you can get this institutional and professional indicator at this price for unlimited version. Don't dare to miss this. The tool I am about to introduce to you you can't compare it with other tools due to its strategy and accuracy level in predicting the next price directional movement . This tool is designed for serious traders who have decided to make a difference through trading. Be the next person to wi
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Le robot Obie 1M Scalper Metatrader 4 Forex est un logiciel de trading forex automatisé qui tire parti de 13 moyennes mobiles. Essentiellement, son utilisation de plusieurs moyennes mobiles dans la formulation d'une logique qui analyse le marché à la recherche de signaux commerciaux d'achat/vente garantit que ces alertes sont de plus en plus précises. Comme son nom l'indique, il s'agit d'un algorithme de scalping qui fonctionne mieux sur la période d'une minute sur les principales paires de
green up = buy red down = sell with alerts! that's how easy it is. --this indicator follows trend --based on moving averages and rsi and macd and pivot points --good for scalping and intraday trading and daytrading --works for swing --recommended time frame is 15m or 5m  contact me after purchase to receive a trading strategy with the indicator with another bonus indicator!
L’indicateur Obie Oscillator fluctue au-dessus et en dessous du niveau zéro. Au-dessus du niveau zéro, le prix est considéré comme haussier et les traders recherchent des opportunités d'achat. En dessous du niveau zéro, le prix serait baissier et les traders recherchent des opportunités de vente. Il est recommandé d'utiliser cet indicateur avec un indicateur de suivi de tendance. Cet indicateur fonctionne pour le scalping, le day trading, le swing trading et le trading de position. Les
Présentation du tireur d'élite Obie L'indicateur Obie Sniper fournit les meilleurs points d'entrée et de sortie. La simplicité de l'indicateur Obie Sniper MT4 facilite l'application et l'échange réussi des signaux forex. Cet indicateur fonctionne bien pour les scalpers utilisant les graphiques M5 et M15. Dans le même temps, les swing traders peuvent utiliser les graphiques H1 et H4 pour identifier la tendance et les négocier avec succès. Cet indicateur convient mieux aux nouveaux traders fore
L'indicateur Obie Scalper Alerts pour MT5 est un excellent outil de signaux rapides d'achat/vente pour les scalpers et les day traders. Les signaux sont très faciles à comprendre et ils apparaissent dans la fenêtre principale du graphique sous forme de points bleus et rouges. Signal d'achat et de vente : Un point bleu est un signal d'achat. Un point rouge est un signal de vente. N'hésitez pas à expérimenter les différents paramètres et valeurs d'entrée de l'indicateur. L'indicateur foncti
Jauge de trading forex qui suit les tendances et ne repeint pas. Ses signaux sont calculés et fournis de manière totalement automatique et sont basés sur des intersections de moyennes mobiles. C'est un outil convivial pour les débutants car ces signaux sont présentés sous la forme de simples flèches d'achat/vente. Néanmoins, la fiabilité du signal est vraiment solide. Vous pouvez l'utiliser en conjonction avec n'importe quelle stratégie de trading forex. L'indicateur Trend Signals Alerts
Niveaux de support et de résistance bleus et rouges affichés directement sur le graphique. Alertes de clôture au-dessus de la résistance et de clôture en dessous du support. Valeurs par défaut : EnableNativeAlerts = faux ; EnableEmailAlerts = faux ; EnablePushAlerts = faux ; Vraiment facile à échanger. Il n'y a pas d'endroit comme le trading SR ! Clause de non-responsabilité: Le support se produit là où une tendance à la baisse devrait s'arrêter en raison d'une concentration de
Changement de tendance > Flèches (« Haut » et « Bas ») Lorsque l'icône apparaît dans le tampon des indicateurs (« Up » ou « Down »), des alertes sont déclenchées. Vous pouvez utiliser 200 EMA pour réduire les faux signaux. Entrez dans le commerce lorsque la flèche apparaît mais attendez que la bougie se ferme Clôturez la transaction lorsque la couleur de la ligne change ou utilisez votre propre stratégie de clôture. Fonctionne sur toutes les périodes Fonctionne sur toutes les devi
ObieTrader est un indicateur de signaux à court terme. Il est utilisé pour le trading intrajournalier. ObieTrader identifie la tendance à court terme à l'aide de l'indicateur Williams pour cent R et de la fourchette réelle moyenne. Lorsqu'une tendance à court terme est confirmée par l'indicateur, celui-ci trace des sémaphores sur la barre pour montrer la tendance. Les barres avec des points rouges indiquent une tendance à la baisse et les barres avec des points bleus indiquent une tendance à la
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