Below, we present a modified indicator for the well-known MetaTrader 4 platform, designed to detect when the price on various instruments and timeframes is overextended either upwards or downwards relative to the average, represented by a moving average such as the 200-period SMA. This is a screener-type indicator that shows the markets where the price has reached a high/low of … Read more
Modified indicator for Metatrader 4 that displays bullish and bearish signals from the Stochastic RSI oscillator, which, as its name suggests, is based on the well-known Relative Strength Index (RSI). This indicator, called RSIEst Screener, also presents a screener or dashboard with Stochastic RSI signals for different markets and timeframes selected by the trader. In its basic form, this tool … Read more
The RSI is one of the most popular oscillator-type indicators because it tends to generate fewer false signals than other similar indicators and provides more reliable overbought and oversold signals. Many trading systems, including countertrend systems, include the RSI as part of their entry and exit filters, as it is one of the few technical indicators that has stood the … Read more
In this article, we will showcase a modified indicator for Metatrader 4 called Donchian Scanner Signals, designed to display signals from this technical analysis tool on any timeframe and instrument provided by the broker. This indicator operates by presenting Donchian channel bands along with the following types of trading signals: Bullish and bearish crossovers of the upper band, lower band, … Read more
ADX Oscillator Signals Indicator for Multiple Instruments and Time Frames ADX-Analyzer, designed for the Metatrader 4 trading platform. This tool analyzes the general price trend in different markets using the ADX, an indicator that shows the strength of a trend . Through a signal dashboard that shows the ADX values, the indicator shows in which markets and periods there is … Read more
The multiple moving averages indicator Magic MA for Metatrader 4 is designed to draw more than 30 different types of moving averages on any price chart on this platform. The most popular types of averages are included, such as the SMA and EMA, as well as unusual types such as the LSMA or the ILRS and moving averages based on … Read more
Moving average crossovers are one of the most used trading signals in technical analysis systems to determine the trend direction and possible changes in the direction of the market. Many trading systems base their buy and sell signals on long and short-term moving average crossovers of different types (SMA, EMA, etc.) in combination with other technical tools. Therefore, here is … Read more