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The background : It is a sort of a momentum like indicator and should be used like that. Default set is rather long - as usual some experimenting with the parameters should be done prior to using it in trading decisions

Power of XXX indicator description. The indicator is showing relative actual strength of currency XXX. The indicator calculates its value of close prices of 7 pairs containing currency XXX. The indicator can be used for MEAN REVERSION based strategies. Lets assume XXX YYY currency pair...

Power of XXX indicator description. The indicator is showing relative actual strength of currency XXX. The indicator calculates its value of close prices of 7 pairs containing currency XXX. The indicator can be used for MEAN REVERSION based strategies. Lets assume XXX YYY currency pair...

In “The Stochastic MACD Oscillator” of November 2019 issue of TASC, author Vitali Apirine introduces a new indicator created by combining the stochastic oscillator and the MACD. He describes the new indicator as a momentum oscillator and explains that it allows the trader to define overbought...

The code is based on indicator ZigZag which is in-built in MT4, developed by MetaQuotes. I have changed it slightly so that it isn't calculated on highest Highs and lowest Lows, but instead uses highest Close and lowest Close of chart price history. See chart below for differences: ZigZag...

HI EVERYONE I HOPE THIS POST WILL BE ENJOYABLE TO SOMEBODY BUT i THINK THAT THIS INDICATOR NEEDS TO BE USED WITH SOME OTHER ONES

A simple indicator to see previous High/Low for D1 and W1, made with objects (trendlines).

This is an updated indicator i came across from an old forum thread back in year 2013, you find the forum thread here : https://www.mql5.com/en/forum/182215 I thought it was an interesting indicator and maybe it could be worth bringing back to life again....or maybe not :P I did some changes...

This is an input and output indicator. Based on Target bands at https://www.best-metatrader-indicators.com/target-bands-indicator-mt4/ Change Arrow for input information and Smile for output information. The image just like below: Free to enjoy it.

This indicator places a mark (a semaphore, spelling is semfor and retained from the original) at the zig zag for each of 4 zig zag evaluation lengths. This means the zig zag does not draw lines on the charts, just marks the locations of the zig zags. The algorithm is one of the simpler...

Supported Timeframe : Current M1 M5 M15 M30 H1 H4 Daily Weekly Monthly Quarterly (Buggy - Removed) Semester (Buggy - Removed) Formula : Resistance 3 = High + 2 * (Pivot - Low) Resistance 2 = Pivot + (R1 - S1) Resistance 1 = 2 * Pivot - Low Pivot Point = (High + Close + Low) / 3 Support 1 =...

This indicator is ideal for scalpers who need to know the biggest spread possible with his broker. This will limit his stop-loss. Stop-loss should be higher than the biggest spread to minimize stop-hunt and slippage issues. UPDATE: Included lowest spread.

The indicator is showing relative actual strength of currency XXX. The indicator calculates its value of close prices of 7 pairs containing currency XXX. The indicator can be used for MEAN REVERSION based strategies. Lets assume XXX YYY currency pair scheme where XXX is BASE currency and...

OC Momentum oscillator uses Open and Close price to calculate its value. The only variable n default value is 3. It can be modified obviously. The histogram simplifies identification of trade entry. Usage in trending markets: Points 1 and 2 form a trendline. Entry signal is when the...

Red = Down Trend and Blue = Up Trend

hi does anyboby know how to insert a 2 min time frame into mt4?

hi. i am a newbie in forex. i m working on scalping sterategy because i have limited money source. i wonder if thats the best sterategy