The Chaikin3s Volatility 92 lines l indicator for MetaTrader 4 was designed by Marc Chaikin to define volatility by computing the difference between the high and low for every period. The indicator gauges the difference between two moving averages i.e. the 3-day EMA of the Accumulation Distribution Line and the 10-day EMA of a volume-weighted […]
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The Qualitative Quantitative Estimation (QQE) indicator for MetaTrader4 is computed based on a combination of smoothed Moving Average of RSI along with the average true range i.e. ATR deployed as a volatility based trailing stop indicators. Volatile assets such as forex, futures, stocks etc. can be monitored using the Qualitative Quantitative Estimation (QQE) indicator. The […]
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The uLinRegrBuf indicator for MetaTrader4 is a custom Linear Regression Tool. The indicator was developed by Gilbert Raff and is sometimes called the Raff Regression Channel. This tool is essentially a linear regression with equally spaced trend lines aligned above and below. The channel’s width is centered on the high or low that is extreme […]
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The Percentage Price Oscillator (PPO) is a momentum oscillator that gauges the relationship between two moving averages. To compute the PPO, we subtract the 26-day exponential moving average (EMA) from the 9-day exponential moving average, and the difference is divided by the 26-day exponential moving average. What we get is a percentage that reveal where […]
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The Traders Dynamic Index forex indicator for MetaTrader 4 is an all-inclusive but at the same time useful indicator that is built on the Relative Strength Index (RSI), its Moving Averages and volatility bands that are built on Bollinger Bands to give market participants a better view of the most recent market situation. The Traders_Dynamic_Index_VISUAL_ALERTS […]
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The LinearRegSlope_v1 indicator for MetaTrader4 is a simple statistical method deployed in spotting the direction and strength of a leading market trend. The LinearRegSlope_v1 is computed via the Linear Regression technique. Chartist use this method in technical analysis to define if the market is in an upward or downward trend and also gauge the intensity […]
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The Zig and Zag is just another version of the popular ZigZag. Although, not necessarily an indicator, it is usually employed in filtering out smaller price actions. The Zig and Zag tries to determine support and resistance levels, typical chart patterns i.e. double tops and double bottoms and obviously price trends. The calculation for the […]
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The Price and Volume Trend (PVT) forex indicator for MetaTrader 4 is deployed in gauging the price to volume correlation. The workings of the PVT indicator is similar to those of the Balance Volume indicator and shows the growing summation of the trade volume relative to the altering prices. The Price and Volume adds and […]
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The MACD Histogram forex indicator for MetaTrader 4 is a technical tool that is used by chartist to gauge the distance between the MACD and its signal line i.e. the 9-day EMA of MACD. The MACD_Histogram is equally an oscillator that swings above and below the zero signal line. The MACD_Histogram indicator was developed by […]
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The Double CCI Woodies forex indicator for MetaTrader4 is built on two CCI. Understanding that the CCI as a momentum indicator is key in understanding the DoubleCCI_Woodies indicator. The CCI indicator in its original design is tailored to aid traders spot when a market is overbought or oversold, and it expected to see a directional […]
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