Introduction to the ZigZag WS Channel RV 2 Indicator The ZigZag WS Channel RV 2 indicator highlights the swing points of the price. It connects the swing high and swing low points of the price that work as trendline support and resistance. With multiple trendlines, this indicator works as a trend-following price channel as well.…
Category: Forex MT4 Indicators
ADX Trend MTF Buy/Sell Indicator
Introduction to the ADX Trend MTF Buy/Sell Indicator The ADX Trend MTF Buy/Sell forex indicator uses a custom formula to calculate its signals based on the ADX and Heiken Ashi technical indicators. You can set buy/sell arrows to appear on the chart. That gauge falls into the category of trend-following forex indicators. The signals provided…
Fiji BB Alert Indicator
Introduction to the Fiji BB Alert Indicator The Fiji BB Alert Indicator is a custom forex indicator based on famous Bollinger Bands, but it has an additional feature. Namely, the Fiji BB displays dots or circles at the touch of the band. That formula is very useful during sideways markets, but not so much during…
Center Of Gravity Oscillator
Introduction to the Center Of Gravity Oscillator The Center Of Gravity Oscillator produces nearly zero lag readings of the market corrections and turning points (pivot points) with high accuracy. That indicator is a result of years of studies of adaptive filters by John Ehler and was developed and presented in Stocks & Commodities magazine in…
Macdio Trigger Forex Indicator
Introduction to the Macdio Trigger Forex Indicator The Macdio Trigger Forex indicator is a trend indicator based on the famous Moving Average Convergence Divergence gauge. The core of that indicator is a dotted line that takes three colors: pink, green and yellow. When the dots are green (above 0 level) – there is an uptrend…
AFI MACD Indicator
Introduction to the AFI MACD Indicator The AFI MACD indicator is just another variation of the Moving Average Convergence Divergence gauge. It fits all kinds of timeframes and currency pairs. The indicator is displayed in a separate window placed just below the main trading chart. The default settings can be modified directly from the input…
Double Channel Forex Scalper Indicator
Introduction to the Double Channel Forex Scalper Indicator The Double Channel Forex Scalper indicator is a great accuracy trading tool that is a combination of three moving averages and buy/sell arrows. Similarly to all other scalping indicators, this one was also made for lower timeframes (like M5). However, it also works pretty well on higher…
Forex Stuff Indicator MTF with Alerts
Introduction to the Forex Stuff Indicator MTF with Alerts The Forex Stuff Indicator MTF with Alerts is a trend-following indicator (very similar to the Super Trend). The indicator plots a signal line that follows the market trends. Additionally, there are also buy/sell arrows displayed. When the main signal line is blue – look for buy…
Super Forex Launcher Indicator
Introduction to the Super Forex Launcher Indicator The Super Forex Launcher indicator actually is a set of indicators that utilizes slope channel trading. First, it recognizes the overall trend, and then the indicator takes into account the slope of the channel. Together it generates trading signals that go as follows: A buy signal happens when…
CMO Smoothed Indicator
Introduction to the CMO Smoothed Indicator The CMO Smoothed indicator is based on Chande Momentum Oscillator but it uses smoothed price for its formula calculations. It is an oscillator so the signal line moves between overbought (50) and oversold (-50) levels. Usually, when the price is overbought – you should be looking for sell opportunities.…