The ChandeQStik_v1 indicator for MetaTrader4 was designed by Tushar Chande in a bid to define the strength and weakness of a security over ‘n’ period of time. The Qstick indicator typifies the moving average of the difference between the security’s opening and closing price. If the value of the Qstick indicator is positive it denotes […]
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The Median indicator for MetaTrader4 shows the average between the maximum and minimum price within a specified time range. The indicator offers traders the mid-point of a defined trading range by averaging peak and low values of the evaluated interval. The indicator draws a pattern on the chart (running with price) and can be deployed […]
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The RSItv indicator for MetaTrader4 is a smoothed Relative Strength Index with sound alerting the crossing of the 50 level. The difference between the Relative Strength Index (RSI) and the smoothed RSI value (a Simple Moving Average plotted over a longer timeframe) is the preference of the value “50.” The RSItv indicator is further smoothed […]
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The SuperTrend indicator for MetaTrader4 is quite an amazing technical tool, created on the back of the ATR and CCI. Traders will find this tool quite helpful in terms of its ability to spot trends. The SuperTrend can be deployed as a basis of a trading system that is centered on following trend. Understanding that […]
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The Keltner Channel indicator for MetaTrader 4 is a custom indicator which became renowned in Kester Cheltner’s book “How to Make Money in Commodities”. The Keltner Channels are basically volatility-based envelopes that are placed above and below an exponential moving average. The Keltner_Chanel indicator shares a lot of similarity with the Bollinger Bands, which deploys […]
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The Internal Bar Strength (IBS) indicator for MetaTrader4 is an oscillator that gauges the relative position of the closing price in relation to the low to high range for the exact period. The Internal Bar Strength (IBS) take a 0 value when the lowest price of the day is the closing price, and a value […]
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The %BB forex indicator for MetaTrader4 is used to measure the price of an asset relative to the upper and lower Bollinger Band. The %BB has six primary relationship lines: %BB equals 100 when price is at the upper band %BB equals 0 when price is at the lower band %BB is above 100 when […]
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The USDx indicator for MetaTrader4 is a technical tool that is used to measure the US dollar (USD) against a basket of other world currencies. The USDx is an important analytic tool for traders in just about any market, although it was a futures contract, which implies that it could be traded just like gold, […]
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The Volume Weighted MA indicator for MetaTrader4 shares a lot of similarity to the simple moving average; nevertheless, the Volume Weighted MA places a lot more emphasis on the volume in a given period of time. The general concept about the Volume Weighted MA indicator is that price is given more weight during heavy trading […]
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The Harami forex indicator for MetaTrader 4 is just a simple Harami bar finder. I’ve found it to be useful on the 1 Hour charts and seems to yield over 45 – 85 pips per trade indication. The Harami is essentially a mixture of to candlestick, the first features a candle with a large range […]
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