The kijun_sen_and_envelope indicator for MetaTrader4 plots: 1 kijun Sen + 1 Envelop + 3 Price Labels. It is interesting to note that the indicator’s input setting allows for the Kijun Sen, Envelope and Price Labels to be hidden or shown. The Kijun-Sen is a critical indicator line and a member of the Ichimoku Kinko Hyo […]
Continue reading
The toptahlil_bollinger_and_atr_band indicator for MetaTrader4 is a combination of the Bollinger and ATR Bands all on one chart window. The Average True Range (ATR) indicator is a technical tool that is useful in gauging volatility, while the Bollinger Bands is based on standard deviation that changes in tune with increasing and decreasing volatility. The ATR […]
Continue reading
The emas indicator for MetaTrader4 is a technical study that combines 3 Exponential Moving Averages, where their crossover is used in generating buy/sell signals within an indicator window (represented by colored histograms). The emas indicator uses the EMAs (5, 10 and 20) in delivering its buy/sell signals. The emas indicator is an example of a […]
Continue reading
The bbmacd indicator for MetaTrader4 is the Bollinger Bands and Moving average convergence divergence (MACD) indicator bundled into one indicator window. The Bollinger Band was developed by a renowned technical trader John Bollinger, while Gerald Appel is responsible for the Moving average convergence divergence (MACD) in the late seventies. The Bollinger Band is a band […]
Continue reading
The rsi filter indicator for MetaTrader4 is a Relative Strength Index smoothed indicator. The rsi filter indicator is essentially a RSI indicator which has added certain rules that must be present before a buy/sell signal is issued. What the rsi filter indicator does is that it eliminates false signals that might be present on the […]
Continue reading
The tma_slope_nrp_alerts indicator for MetaTrader4 is a technical tool that is built on the triangular moving average (TMA), which is obviously similar to other moving averages as it depicts the mean price over a given number of price bars. Interestingly, the tma_slope_nrp_alerts indicator is double smoothed i.e. it is averaged twice. We can confidently say […]
Continue reading
The ronz_price_ma_candle indicator for MetaTrader4 is an Exponential Moving Average based price candle. The indicator allows for the viewing of Exponential Moving Average Indicator as price candle. Based on the ronz_price_ma_candle indicator design and its use of the exponential moving average, which draws a lot of similarity to the simple moving average. The difference between […]
Continue reading
The livelli_sr_now indicator for MetaTrader4 is an indicator that displays support and resistance levels. As you all know, the study of technical analysis is never complete without the mention of support and resistance level. Hence the importance of this tool. The resistance level is drawn as a horizontal dotted DeepSkyBlue colored line, while the support […]
Continue reading
The volume divergence markers indicator for MetaTrader4 is deployed as a technical tool that places a marker on the activity chart in relation to the divergence between the bar sizes and trade volumes. This implies that if the bar size has been increasing/decreasing for a specified consecutive bars and volume is conflicting, a marker would […]
Continue reading
The bounce strength indicator is an indicator for MetaTrader 4 that is also tagged BSI. The indicator displays the authority of bounce in accordance with the Wyckoff technique, which is basically hinged on two rules, the first being that no one should expect the market to behave exactly the same way twice, while the second […]
Continue reading