The DSS Bressert indicator for MetaTrader4 was designed by William Blau as an alternative version of a stochastic oscillator and got initially promoted by Dr. George Lane in the 1950’s and was further popularized by Walter Bressert. The Double Smoothed Stochastic or DSS Bressert indicator uses two different periods Exponential Moving Averages (EMAs) to a […]
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The Schaff Trend Cycle Indicator for MetaTrader4 is a combination of slow stochastics along with the moving average convergence/divergence (MACD). The result of this combination is an enhanced version of the oscillator that is void of choppiness during trends and responds to price action promptly. The Schaff Trend Cycle Indicator was developed by Doug Schaff, who […]
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The ultitimate oscillator indicator for MetaTrader4 was designed in 1976 by Larry Williams in the Technical Analysis of Stocks and Commodities magazine. The ultitimate oscillator indicator is a momentum oscillator that tries to capture momentum through three different time frames, in so doing it avoids the drawbacks that are seen on other oscillators. A lot of […]
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The Detrended Price Oscillator (DPO) indicator for MetaTrader4 is built to filter out the underlying trend from price and make is less cumbersome to spot cycles. Traders can easily determine cycles as well as overbought and oversold levels. The Detrended Price Oscillator (DPO) indicator does not line up with the most recent prices since is […]
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The True Strength Index (TSI) indicator for MetaTrader4 is a technical tool that was designed by William Blau during the early 1990’s. As a momentum-based indicator, it performs the core functions of spotting trends along with over-bought/over-sold conditions of a financial instrument by using the near-term purchasing momentum of the market with the lagging advantages […]
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The Spyker indicator for MetaTrader4 is a technical study that is used in identifying sudden price jumps or spike bars on the activity chart. Such price spikes are usually seen at the end of a trend or on price breakouts. Each bar’s price spike is plotted by the silver colored signal line. An upward spike […]
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The Coppock indicator for MetaTrader4 was designed by economist Edwin Coppock in Barron’s, October 1962. The Coppock indicator is primarily used to spot long-term trend changes in about any market and generate trade alerts. As a momentum indicator the Coppock indicator employs monthly data to spot bullish trends when the indicator moves from the negative […]
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The Tom Demark (TD) moving average indicator for MetaTrader4 is a technical study that defines the logical locations for introducing stop loss orders or closing a trade, which clearly defines how the creator Tom Demark explains the TD Moving Average indicator. The norm is to employ the price level represented by the Moving Average to […]
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The Elder Impulse System indicator for MetaTrader4 was developed by Alexander Elder and was first mentioned in his book, Come Into My Trading Room. Elder’s system spots inflection points where a trend speeds up or slows down. Two indicators make up the Elder_Impulse_System indicator, a 13-day exponential moving average and the MACD histogram. The moving […]
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The ChandelierStops_v1 indicator for MetaTrader4 is an enhanced version of the Chande & Kroll’s Stop indicator. The indicator is enhanced to follow trend as well as spot stop loss for a buy and sell position via the use of variation on directional movement. The average true range of an asset’s volatility is derived from the […]
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