MT4 indicator (TSR_Ranges.mq4)

How to trade with TSR_Ranges indicator


TSR_Ranges.mq4 shows a window in the upper left corner where traders can find:

Average day range - how far the market travels on average (in pips)
(The indicator uses 20 day average)
Previous 1 day - the range of the previous day in pips
Previous 5 days - for the past 5 days
Previous 10 days - ...
Previous 20 days - ...
Room up - suggests how much room traders can expect the price to move upwards today based on its average day range history.
Room down - suggests how much room (in pips) is potentially left for the market to move downwards today. (Note, both are just suggestions based on the average day range, and shouldn't be taken literally up to the pip).
Tightest Stop Losses should be:
for Long - gives you and idea of the stop you can place for a Long trade
for short - gives you and idea of the stop you can place for a Short trade

Note that if you have 5 digit platform, make sure to disregard the last digit.
With 4 digit platform you need no adjustments.

TSR_Ranges indicator helps us do the math quicker than we were able to do it before.

TSR_Ranges and Risk : Reward ratio
Now, another useful feature is that traders can get guidance about Risk : Reward ratio.

By clicking on "Inputs" tab in the indicator properties window, traders can set the Ratio to the desired value. (By default the Risk : Reward ration is set to 3)
Note how your suggested Stop Loss values change with that.

Download indicator: TSR_Ranges.mq4

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MT4 indicator (ToR_1.20k.mq4)

How to trade with ToR indicator


Trending or Ranging?
This indicator monitors CCI and ADX on multiple time frames to give you a sense of a trend and its direction.

When the market is trending - use trend following indicators, when the market is ranging use oscillators and other momentum indicators or avoid trading (according to your plan).

Reading ToR indicator:

 Green color - the trend is up, red - down, blue - ranging.

Arrows next to the indicator show the angle of the trend:

 45 degree arrow - a trend is beginning,

 90 degree arrow - a strong trend in place.
 The squiggly lines represent a range - no trend.

In the Indicator settings window you can define what's to be considered a trend for ADX (if needed, review the basics of ADX trading), and set own CCI periods for all time frames.

 Download indicator: ToR_1.20k.mq4

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MT4 indicator (Real_Woodie_CCI.mq4)

How to trade with Real_Woodie_CCI


The best explanation of this custom CCI indicator can be given only by the author.
Therefore, below are the links and documentation to trading with Real_Woodie_CCI:

Download indicator: Real_Woodie_CCI

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MT4 indicator (Laguerre_RSI.mq4)

Laguerre RSI indicator = the same as Laguerre, both paint the same picture.


Laguerre RSI indicator settings


Gamma: 0.85
Count Bars: 9500

Default parameters: Fixed minimum -0.05 Fixed Maximum 1.05
Default Levels: 0.85, 0.45 and 0.15

Laguerre Filter line setting Gamma: 0.85



How to trade with Laguerre RSI indicator


Buy when Laguerre RSI crosses upwards above 0.15.
Sell when Laguerre RSI crosses down below 0.85.

While indicator runs flat above 0.85 level, it means that an uptrend is strong.
While indicator runs flat below 0.15 level, it means that a downtrend is strong.

How to use Laguerre Filter Line


An additional Forex indicator — Laguerre Filter line — is drawn directly over the charts and looks like a moving average. Laguerre Filter line filters Laguerre RSI signals.

When Laguerre RSI tells to go Long (buy), Forex traders would enter only if price is above Laguerre Filter line. Opposite true for Sell signals: when Laguerre RSI signals to Short, price must be below Laguerre Filter line in order for a signal to be valid.

Laguerre Filter line doesn't filter all false signals, though.

Forex trades may choose to play with Laguerre RSI settings in order to make Laguerre indicator more or less sensitive. Settings apply to Gamma parameters. Common settings are:
Gamma 0.85
Gamma 0.7
Gamma 0.55

When using Laguerre Filter line together with Laguerre RSI in Forex, make sure they both have the same Gamma settings.

Download indicator: Laguerre.mq4

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MT4 indicator (Kaufman3.mq4)

How to trade with Kaufman3.mq4 indicator


Kaufman3 indicator adds an extra exponential moving average to the KAMA value.

It may be interesting as a basis for a trend following indicator.
Try on 1H or 4H charts, with various parameters.

Parameters:
periodAMA = 6; - length of time to compute signal-to-noise ratio
nfast = 2; - EMA length with high signal to noise
nslow = 60; - EMA length with lowest signal to noise
G = 2.5; - nonlinear squashing

Kaufman indicator uses 2 moving averages, which are a bit more descriptive than regular MAs.

The basic application of the Kaufman indicator is to spot a short term trend and trade with it. When Kaufman indicator lines cross a trend changes. Once a price candle is trading clearly outside both Kaufman lines (below lines - for downtrend, above - for an uptrend), the sight is clear to take a trade.

Another advantage of Kaufman moving averages is that they quickly react to pausing trends by immediately going flat (check the behaviour of the green line on the screen shot above). When Kaufman moving average goes flat,  traders should be looking to take partial profits from their trades because a trend could end there, the remaining position should be kept open in case the trend continues and be closed with either the cross of Kaufman lines, or, better off, with the first candlestick trading inside the lines (remember the first rule about entries : "candle outside Kaufman lines").

Download indicator: Kaufman3.mq4

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MT4 indicator (iPanel_Indicators.ex4, iPanel_Trend.ex4)

How to trade with iPanel_Indicators.ex4


iPanel indicator scans signals from several Forex indicators across multiple time frames and transforms everything in a neat box with up and down arrows. Up - buy, down arrow - sell.
The information box can be moved to any of the 4 chart corners by changing the settings parameter "Corner" from 1 to 2, 3 or 4.

What Indicators traders monitor with iPanel?


Stochastic 8, 3, 3 - iPanel shows position of 2 Stochastic lines %K and %D (on the screen shot above they would correspond to %K - red and D% - blue).
When red is above blue - iPanel will show a red arrow, sell.
When red is below blue - green arrow, buy.

RSI 14 - When RSI reads above 50, it'll be an uptrend and a green arrow up, RSI below 50 - downtrend and the red arrow on iPanel pointing down.

CCI - (settings for CCI are unknown, unfortunately; my guess it might be 14 or 20.
Either way this doesn't prevent us from simply reading CCI signals on iPanel: green arrow up - buy. Red arrow down - sell.

On iPanel, CCI has a special status - it has an additional set of arrows - inclined up and inclined down arrows). These arrows have the following meaning:
Inclined arrow up (green) - CCI is against Selling.
Inclined arrow down (red) - CCI is against Buying.

MACD 12, 24, 6 - remember you can change indicator settings, on the screen shot I put MACD back to standard 12, 26, 9 settings.
MACD signals are the same as for Stochastic - simple lines crossover. On standard MT4 MACD it'll be a crossover of MACD signal line (in red) and MACD histogram.

When MACD histogram is above zero and MACD signal line is hovering above the histogram - Sell.
When MACD histogram is above zero and MACD signal line is trading inside the histogram - Buy.
When MACD histogram is below zero and MACD signal line is hovering below the histogram - Buy.
When MACD histogram is below zero and MACD signal line is trading inside the histogram - Sell.

EMA1 - is a crossover signal from 2 MAs: 5 EMA and 8 EMA

5 EMA above 8 EMA - buy, opposite - sell.

EMA2 - is a crossover signal from 2 other MAs: 26 EMA and 52 EMA

26 EMA above 52 EMA - buy, opposite - sell

What time frames are displayed on iPanel?


That shouldn't create difficulties, we have: 4 hour, 1 hour, 30 min, 15 min, 5 min and 1 minute charts.

How to use iPanel signals


As you can see, iPanel creates aggregated reports across multiple time frames and it sends lots of signals from a set of indicators. Taking all those signals into account when entering a trade would, most likely, be impractical - there is too much information to digest.

An ideal case is when across multiple time frames you have the same signal for any particular indicator: for example, all green arrows for MACD across all time frames. You don't want to sell when you see this signal.
Forex traders can develop some easy visual strategies based on this indicator, while for the rest
your best bet is to use it as a navigator whenever a quick reference is needed to confirm a trade or double check if "anyone" [indicators] is against your decision.


How to use iPanel_Trend.ex4


iPanel_Trend indicator speaks for itself, it suggests a current trend and tells how strong this trend is.
Unfortunately, it is unknown what formulas and indicators are involved in trend evaluation.

Download indicator: iPanel_Indicators.ex4

Download indicator: iPanel_Trend.ex4

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MT4 indicator (Gann_HiLo_Activator_v2.ex4)

How to trade with Gann_HiLo_Activator indicator


The indicator consists of a single line which either flows above price (above candles) or below.
Depending on the position on the indicator line traders determine whether it is time to Sell or Buy.

Gann_HiLo_Activator signals should be read as follows:

- Indicator line is below the price => uptrend, time to buy, no selling.
- Indicator line is above the price => downtrend, time to sell, no buying.
- Whenever indicator line changes its position to the opposite => time to close existing trades and initiate trades in the opposite direction.

Note: Indicator signals are confirmed only when price candles are closed. E.g. on hourly charts, during the course of 1 hour Gann_HiLo_Activator line can change it position flipping above, below and back multiple times. Therefore, until an hourly candle closes, no actions should be taken.

Gann_HiLo_Activator indicator helps to identify and follow trends across all time frames. It can help to stay longer in a trade and not panic. At the same time it is very quick to react to trend changes.

Yet, like any trend indicator,  it is prone to sideways market drifts. And although unlike other indicators it'll give fewer false signals, it would be extremely difficult to profit with it during ranging markets.

Download indicator: Gann_HiLo_Activator_v2.ex4

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MT4 indicator (Forex_Freeway_2.mq4)

How to trade with Forex_Freeway indicator

Forex Freeway indicator is based on CCI indicator. In fact, it analyzes multiple CCI - from several time frames. There are 4 "roads" of Forex Freeway,read from left to right - 15min, 30min, 1 hour and 4 hours.
The idea is to enter the market when all 4 CCI agree on a trend.
A trader chooses which time frames to monitor.

Trading signals are interpreted the following way:

When all 4 roads of the Forex Freeway are green - Buy.
When all 4 roads of the Forex Freeway are red - Sell.

Important: when you set up the indicator
When adding Forex Freeway indicator to MT4 chart, be sure your chart has "Chart shift" settings on, otherwise you won't see the indicator - it will have no room to paint itself on the right.
(Right click on your chart -> Options -> Common -> enable Chart shift)

Once enabled, you'll find a small triangle above your screen, see example below. You can move this triangle to adjust your charts shift.

There is another Forex_Freeway indicator:

Download indicator: Forex_Freeway.mq4

This one has additional horizontal lines across the Freeways roads, called "Road blocks". See example below (the indicator is seen better on the black chart background)

Road block show where the price can trip off - at support/resistance levels. Again we have different support/resistance levels for different time frames (different roads).

Download indicator: Forex_Freeway_2.mq4

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MT4 indicator (Forex_Freedom_Bar.mq4)

How to read Forex Freedom Bar
The indicator is based on CCI (Commodity Channel Index) indicator.
It lines us all CCI readings across multiple time frames, allowing to spot the moment when all CCIs signals agree on a trend. Red - uptrend, blue - down trend.

How to trade with Forex Freedom Bar
There are no limits as to what time frame can be used for entries/exits.
This custom MT4 indicator also allows to choose the time frames to display.

Use the following parameters:

43200 - monthly time frame
10080 - weekly
1440 - daily
240 - 4 hour
60 - 1 hour
30 - 30 min
15 - 15 min
5 - 5 min
1 - 1 min

When all 4 time frames turn red - time to sell, expect a strong downtrend; blue - buy, strong uptrend.

Another use of the Forex Freedom Indicator is to observe and trade on price pullbacks.

For, example, if we have:

Daily - red, 4 hour - red, 1 hour - red, but 15 min - blue

there is a retracement on 15 min chart, it is a good idea to check out the 15 min price chart and watch for good entry opportunities at the end of the retracement.

Download Indicator: MTF_Forex_Freedom_Bar.mq4

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MT4 indicator (Color_Stochastic.mq4)

How to use Color Stochastic indicator


Color Stochastic indicator shows overbought and oversold levels.

Stochastic readings above 80 suggest market being overbought, Stoch line turns green;
while readings below 20 - market being oversold, Stoch line turns red.

Ability to see these areas at a glance helps to judge about trends and reversals.

While Stochastic stays above 80 (green line) - an uptrend is in progress.
At the same time a reversal momentum should be anticipated soon. In particular, traders should watch for developing reversal patterns such as:
- failure swing high,
- double top,
- head-and-shoulders pattern.

Download indicator: Color_Stochastic.mq4

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MT4 indicator (Breakout_PANCA_EAGLE.mq4)

The purpose of Breakout_PANCA_EAGLE indicator

This is a breakout indicator, which is used on a daily basis to capture the price breaks out of the predefined breakout zones. While many traders are known to use it as is without changing default parameter, PANCA_EAGLE is rather a versatile tool that helps to:

- better highlight and visualize the breakout zone
- time your trading on a daily basis (by setting your custom breakout range)
- improve trading discipline (by letting you trade only when it's time to trade)
- filter early insignificant breakouts and tests of the breakout lines
- even helps with possible re-entries later during the day

Breakout_PANCA_EAGLE 1 hour EURUSD:

How to read Breakout_PANCA_EAGLE indicator signals

The indicator draws colored boxes:

Red box - stretches form the beginning to the end of the breakout zone. This is a no trading zone. Traders have to wait till the red box ends.

Green line - BoxBreakout Offset zone - creates a green buffer above and below the breakout zone. This buffer serves as a filter for:

breakout line tests, noise around the breakout line and it prepares traders to trade.

Blue zone - this is the exact High to Low price range in between the hours that were picked as the breakout range.

Breakout_PANCA_EAGLE 5 min EURUSD:

Breakout_PANCA_EAGLE settings

NumberOfDays - only affects how many days will be shown with the PANCA_EAGLE drawings on the chart, doesn't affect the calculation in any way.

PeriodBegin - the hour at which the range for the PANCA_EAGLE channel starts

PeriodEnd - the hours at which the range for the PANCA_EAGLE channel ends

BoxEnd - the hour at which all PANCA_EAGLE drawings will end

BoxBreakOut_Offset - the number of pips you want to have for that green buffer zone

Filtering breakout directions with Breakot_PANCA_EAGLE

PANCA_EAGLE can be used in combination with other indicators mainly for filtering the direction of the breakout. Among such trend indicators is BBands_Stop_v1.mq4, which is used for identifying trends.

The rule of using BBands_Stop with PANCA_EAGLE suggested that traders look to take breakouts with PANCA_EAGLE signals only if the direction of the breakout agrees with the trend direction shown by the BBands_Stop indicator.

However, it is not the ultimate tool. There are many other trend indicators that can be used instead of the BBands_Stop, even a simple Parabolic SAR indicator.

Download Indicator: Breakout_PANCA_EAGLE.mq4

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MT4 indicator (BBands_Stop_v1.mq4)

How to trade with BBands_Stop indicator

BBands_Stop indicator trading:

Buy when a red dot changes to green, Sell when a green dot changes to red.

Use BBands_Stop to trail your stops. Just play with indicator settings to define the best inputs for your trading. The one seen on the chart above uses length 9, deviation 2.0.

Download indicator: BBands_Stop_v1.mq4

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MT4 indicator (b-clock.mq4)

How to trade with b-clock indicator

MT4 indicator b-clock simply tells how much time is left till the bar end.
Indicator can be used on any time frame.


b-clock indicator will certainly be useful to scalpers, who keep a close eye on the each bar tick.

Download indicator: b-clock.mq4

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MT4 indicator (Advanced_ADX.mq4)

How to use Advanced_ADX indicator


Advanced_ADX sends 2 types of signals:

Buy - when the histogram is green.
Sell - when the histogram is red.

When Long, the trading rules are:
- as long as each new green histogram bar keeps rising, stay in a trade, no worries there.
- once the green histogram bar fails to make a new high - tighten you stop / or place a trailing stop while holding on to a trade.
- once the green has changed to red - exit. Also you'll exit earlier if the Stop Loss is hit.

Opposite for Short:
- as long as each new red histogram bar rises, stay in a Short trade.
- once the red histogram bar fails to make a new high - tighten you stop / or place a trailing stop while holding on to a trade.
- once the red has changed to green - exit. Also you'll exit earlier if the Stop Loss is hit.

Download indicator: Advanced_ADX.mq4

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MT4 indicator (3LineBreak.mq4)

Setup tips:

1. Switch your charts from Candlestick to Bar charts for a better view of the indicator.
2. Review the indicator settings: instead of default 3 Line break you can test it later with 2 or 5 line breaks or more. After reading the indicator description below, you'll know how it works.
We'll use the default settings = 3.

How to trade with 3LineBreak.mq4 indicator

3Linebreak indicator was written based on the rules 3 line break method - 3 line break charts.
It's a simple yet fundamental method, based on the price action rather than time.

The rules of 3 line break chart:

- if the price rises above the previous high (all calculations are based on the closing price), then we have a new bullish (blue) bar.
- if the price falls below the previous low, we have a new bearish (red) bar.
- if the price neither rise above nor falls below the previous high/low, there are no new bars drawn.

However, this is not all. When the price is trending well, and 3 consecutive bearish (or bullish) bars have been formed, there is an additional rule:

- if a rally is strong enough to produce 3 consecutive bullish bars (or more), then should the price start falling, it has to go past the lowest point of the last 3 bullish bars before a bearish bar can be drawn.
- if a sell-off is strong enough to produce at least 3 consecutive bearish bars, then in order to draw a new bullish bar, the price should rise above the highest point of the 3 last bearish bars.
3 Line break charts look clear and pretty even on 1 minute time frame.

3LineBreak indicator eliminates noise from the charts and allows to focus on the very essence of a trend - the price action.

Since there are no fixed price margins and no time parameters being involved, the price is able to guide us through trends and reversals.

3 Line Break method is not for those traders who are looking for market tops and bottoms, as the indicator will need time to confirm trend reversal, but rather for those who are willing to accept delays in exchange for the ability to be in the right trend.

Download indicator: 3LineBreak.mq4

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MT4 expert (FX_Multi-Meter_III.mq4)

New in Version 3:

* Bulls/Bears Power Meter. Analogue VU style meter displays the percentage of Bulls & Bears over a 1 - 5 bar average.
* Multi-timeframe Bollinger Band Oscillator displays price position between upper and lower bands as percentage, with Breakout indicator.
* WPR oscillator can now be swapped with RSI oscillator.
* Increased accuracy of History Line for historical data.
* Redesigned layout and appearance with black background, means the indicator can be loaded on a white chart.
* Now sits in the foreground so trendlines will remain behind it.
* Spread in points and Price adapted for different decimal accounts.
* Bar % Meter improved by removing grey bars.
* Adjustable display position.
* Audible signal Alerts.

Download expert: FX_Multi-Meter_III.mq4

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MT4 expert (FX_Multi-Meter_II.mq4)

How to trade with FX_Multi-Meter_II.mq4 expert

FX Multi-Meter II
An all-in-one indicator taht was inspired by !x-meter. It provides at a glance alot of information that would normally require many charts and indicators and general screen clutter. It was designed to give more precision to both trade entries and exits and provide an instant snapshot of a currency pair's movement. Multi-meter works on any currency or time frame and display the following...


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Standard Indicators
-> A graph of Stochastic Oscillators on timeframes M1 up to D1.
-> An indication of the market trend using Moving Averages on timeframes M1 to D1.
-> The direction of the MACD on the current chart, and crossing of the signal line and zero line.
-> The direction of a fast 3 period LWMA crossing a 5 period SMA (periods customizable).
-> The direction of the Parabolic SAR on the current chart for giving the exit signal and also confirmation for entry.
-> An oscillating graph of the William's % Range indicator. This was used because of its fast movement and unique predictive quality. Also because its very good for indetifying Overbought/Oversold conditions.
-> A bar % Increase/decrease meter developed to give a direct visual representation of the percentage rise or fall of the current price compared to the last 4 bars. It's simple but effective. The gist of it is that the previous 4 bar movements (close to close) are averaged and percentaged, so if the current bar rises above 100% it is speeding up above the recent average, conversely if it drops below 100% it is slowing down and taking on a more steady movement. Strong price movement are dispalyed in bright red or green, with varying shades according to the strength of movement.
-> the overall recomended signal to trade, based on the various indicator signals.
-> And last but not least the spread of the currency, in big easy-to-see numbers.

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New in Version 2
-> A History viewer in the form of a vertical line that can be dragged over previous bars to bring up the history in Multi-Meter. (beta version)
-> A multi-timeframe Trend Graph showing the direction of 7 customizable Moving Averages on 7 timesframes.
-> An OB/OS Signal Map, showing the Overbought or Oversold signals from 7 different oscilators/indicators on 7 timeframes.
-> Customizable Overall Signal, using a combination of current and multi-timeframe indicator signals.
-> Price/Chart/Currency display that can be switch on or off.
-> Switch between Default and Compact mode.
-> Options can now be accesed without reloading onto a chart.

______________________________________________________________

Donwload Indicator FX Multi-Meter II

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MT4 indicator (Camarilladt.mq4)

How to trade with Camarilla indicator

Camarilla Equation is known among forex traders as Camarilla pivot points.

Camarilla pivots are used for intra-day trading, it is a tool for Forex scalpers and short term traders alike.

Taking yesterday's High, Low, Open and Close Camarilla indicator calculates 10 levels: 5 "L" low levels and 5 "H" high level.

Most valuable and most often traded Camarilla pivot levels are L3, L4 and H3, H4.

Current Camarilla indicator also has built in regular Pivot points and Fibonacci levels.

In indicator settings you may turn off/on any levels you like to trade with.

The charts to be used for trading with Camarilla equation - 15 min, 10 min, 5 min and 1 minute.

Camarilla pivots trading rules

Watch for the market coming towards L3 or H3 level - these are the levels of entry - L3 Long and H3 Short.

L3 and H3 are Camarilla's support and resistance levels accordingly. At support or resistance level market is expected o stop and reverse either temporarily or permanently. Forex scalpers like these levels; however, trading this way is a hit-or-miss game, because the moment price hits L3 or H3 Camarilla pivot, it is not known yet whether there will be a stop and reverse or not. Therefore, one could opt to wait a little bit longer, till signs of price reversal emerge: these are "shooting star" patterns, "hammer" candles and also reversal patterns where market starts to close higher with every new bar upon hitting support (L3) or lower with each new bar upon hitting resistance (H3).

L3 and H3 Camarilla pivot levels hold price in while it moves sideways. Taking short profits is very important at this stage. This trading style will be carried out till a true trend starts - it will start with a breakout.

Trading Camarilla breakouts

Forex breakout trading with Camarilla equation involves L4 and H4 pivot levels. You may notice a margin between H3 and H4 or L3 and L4 level - that's a no man's land.

When trading Camarilla breakouts, Forex traders expect the market to continue running in the direction of the breakout. When L4 level is broken downwards - SEll. When H4 is broker upwards - BUY.

Profit targets are set to either L5 and H5 Camarilla levels or to Pivot point Support/Resistance level. Alternatively, you can scale out of the market each time a new level (Pivot or Camarilla) is hit - preferred exiting method.

Finally, if to examine Camarilla levels with Pivot Point levels in Forex, in our opinion, regular Pivot points have higher value, therefore, we see combining Camarilla trading with Forex Pivot points as a winning combination.

Download Indicator Camarilla

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