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Category Archives for "Best Free Metatrader 4 (MT4) Indicators That Work"Instantly download our entire collection of the best free Metatrader 4 trading indicators for profitable forex trading.
Hull Moving Average (HMA) Forex Indicator
The fPlagiat2 indicator for MetaTrader 4 is the same as the Hull Moving Average (HMA). As such the fPlagiat2 was developed by Alan Hull, as an extremely fast smooth moving average. The fPlagiat2 indicator eliminates lag completely and tries to enhance smoothing at the same time. The fPlagiat2 indicator tries to deal with the problem […]
Continue readingRSI Monitor MetaTrader 4 Forex Indicator
The rsi_monitor MetaTrader 4 indicator gives a new perspective towards trading with the RSI technical study. The indicator draws a little panel on the top left corner of the chart window depicting all the values of the RSI on all timeframes and will signal when price is in the overbought and oversold regions. Determining oversold […]
Continue readingADX Don MetaTrader 4 Forex Indicator
The ADXdon MetaTrader 4 indicator is essentially another version of the ADX indicator that is used in measuring the strength of the trend. The Average Directional Index (ADX) is essentially deployed to pinpoint the strength of the prevailing forces that drive prices in the market. The ADXdon guides investors on trend leanings: whether the trend […]
Continue readingFree Tipu Renko MetaTrader 4 Forex Indicator
The tipu_renko MetaTrader 4 indicator is a technical study that plots Renko charts on the activity chart. Renko charts can be traced back to Japan, but became prominent in the Western world following its introduction by Steve Nison, who’s largely know to be the father of present day candlestick. The foundation of the Renko chart […]
Continue readingSimplified Parabolic SAR Forex Indicator
The ParabolicM MetaTrader4 indicator is a simplified Parabolic SAR technical indicator. The indicator was first designed for studying trending markets. The indicator is built on the price chart, shares some similarities with the Moving Average technical indicator, but differs due to the fact that the Parabolic SAR moves with higher acceleration and possibly alters its […]
Continue readingFree Divergence Signals Forex Indicator
The DiverStoch MetaTrader 4 indicator is a divergence based on a standard Stochastic. The indicator is used in spotting divergences. Once divergences are being spotted, it is a signal of an impending trend reversal and goes further to highlight the underlying strength or weakness that might not be easily spotted on the activity chart. The […]
Continue readingFree BW Zone Forex Signals Indicator
The BW-Zone indicator applies the notion of graphic interpretation of the state of the fourth dimension of the Chaos Theory by Williams B. – zone. Generally speaking, the state of the zone is defined in respect to the values of two indicators: Awesome Oscillator and Acceleration/deceleration. The driving force is said to move in a […]
Continue readingATR Forex Oscillator Indicator
The ATR MA Oscillator is of the OsMA type, however it is interpreted for the ATR oscillator. Being of the Oscillator – Moving Average type, the ATR MA can characterize the variance between an oscillator (ATR) from its moving average, over a specified time period. Howbeit the ATR of the Average True Range technical in […]
Continue readingDonchian Channel Forex Indicator
Created by Richard Donchian, the Donchian Channel indicator is a technical tool that can be sued in capturing price movement and price trend correctly. The indicator has just one adjustable input i.e. the number of past trading sessions, or bars to count, which comes with a default value of 20. The indicator uses the value […]
Continue readingElliott Wave Oscillator Metatrader 4 Forex Indicator
The Elliot Wave Oscillator (EWO), or 5/35 Oscillator, is the difference of, a 35 and a 5 period, simple moving average (SMA) of prices depicted as a histogram aligned above and below a zero level. It defines the inner workings of the market driving force at its current state. The indicator’s method (SMA), period lengths […]
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