MT4-EA-Indicators

ZUP Harmonic Pattern Indicator for MT4

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In this article, we will present a modified indicator for Metatrader 4 designed to show harmonic price patterns in any price chart and in any time frame. It is not an official MT4 indicator.

Harmonic price patterns elevate geometric price formations to the next level through the use of Fibonacci numbers to define precise market inflection points. Unlike other trading methods used to trade in Forex and other markets, harmonic trading attempts to predict future price movements.

Harmonic trading can be defined as a trading methodology based on the recognition of specific price patterns and the alignment of exact Fibonacci ratios to find possible high probability trend change levels in the markets. This approach assumes that the patterns or cycles in markets, such as many patterns and cycles in life, tend to be repeated on a regular basis.

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Wolfe Waves Indicator for Metatrader 4

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In this article, we present a modified indicator for Metatrader 4 that shows Wolfe wave patterns in price charts and in any time frame. This tool can be very useful since it automatically identifies these price formations and saves the time and work it takes to be watching many price charts for hours looking for these and other patterns.

As every experienced trader knows, the biggest problem with price patterns, especially with advanced ones such as Wolfe waves, is the identification of these formations in the chart. This task not only requires skill and experience to visually find these patterns, but also the trader has to spend hours in front of the computer, without any guarantee that he will find a good opportunity. In addition, only rarely is it possible to observe these patterns in their ideal form, they almost always present with some small variations that further complicate the identification.

Therefore, resources such as this custom indicator are very useful as they significantly facilitate the work of the trader.

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Candlestick Patterns Indicator for Metatrader 4

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This is an indicator for candlestick charts designed for Metatrader 4 which is based on the recognition of various types of patterns commonly used by many traders to open and close positions in the market. As you know, the Japanese candles usually form easily recognizable chart patterns which are indicative of possible future price behavior in the form of drops, rises, a continuation of the current trend, and trend changes. Logically, these patterns do not have a 100% percent reliable, but in some cases, this is quite high.

Logically, these patterns are not 100% reliable so sometimes produce false signals but are usually quite accurate. The problem is that it takes hours of practice and dedication to analyze price charts to detect these patterns, therefore only the most experienced traders effectively dominate its use to open and close positions in the market. That’s where this indicator is useful because it identifies 10 major candlestick patterns both in bullish and bearish trends and other minor patterns that often occur with some regularity. The result is that the trader can take advantage of any interesting opportunity such as a possible trend change indicated by one of these chart patterns.

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Keltner Channel Indicator for Metatrader

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Indicator Parameters MA_Period (normal value = 10): It is the moving average period corresponding to the midline. Mode_MA (normal value = MODE_SMA): This mode is the moving average corresponding to the midline. Price_Type (normal value = PRICE_TYPICAL): The type of price used in calculating the moving average corresponding to the midline.     The custom indicator Keltner Channel for Metatrader … Read more

Vortex indicator for Metatrader 4

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In this article we present a version of the Vortex technical indicator developed for the Metatrader 4 trading platform, which can be downloaded and used at no cost. This indicator, although not as well known as other technical analysis tools such as MACD or RSI, can be a useful tool, especially if it is combined with other indicators. In fact, there are different trading systems that incorporate the Vortex and that we will describe later. For now, we will focus on providing a short introduction about this indicator and its trading signals and then we will talk specifically about the Vortex indicator for MT4 and its main features.

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Forex Intraday Trading System ProEMAGain

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This Forex intraday system is based, mainly, on an interesting custom indicator for Metatrader 4 called ProEMAGain. This indicator consists of three exponential moving averages (EMA), and an RSI indicator. These indicators are common tools for the analysis of the Forex market, but here they are combined, originating a very profitable system. This combination gives the right and necessary information, in addition to being visually effective, to make decisions quickly and correctly.

It is recommended to trade with this trading strategy only in the major currency pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, and NZD/USD.

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Karl Dittman indicators for Metatrader

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In this article, we present five new indicators for Metatrader 4 designed by a famous and expert trader in the Forex market named Karl Dittman. These indicators are ​​available to any trader and can be used at their discretion. For each indicator we include a brief explanation and image showing how they look. At the end of this article, we include a link through which these indicators can be downloaded.

The indicators are:
  1. BrainTrend
  2. Gmacd
  3. ATR Levels
  4. Breakout indicator
  5. Trendlines indicator

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RSI-Price Divergence Indicator for MT4

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The RSI Divergence indicator is a modified version of the classic RSI oscillator developed for Metatrader 4, which offers the possibility to trade not only with the classic overbought and oversold levels but also to find the classic and hidden divergences between price and indicator, which often only more experienced traders can detect. This indicator can be used with any asset and in any time frame, although the most reliable signals are generated in the larger time frames.

We describe the characteristics of this indicator below and include a link for its free download:

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Little known utilities of Metatrader 4

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MetaTrader 4, the most known and used platform for Forex trading has a lot of tools and options which are little known and used primarily by ignorance. This is due largely to the fact that very few users read the manual built into the platform. In this article we will see some of these options and utilities unfamiliar. (Much of what … Read more

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