Introduction to the Dollar Pile Indicator The Dollar Pile forex indicator recognizes trend direction in the present and past periods of time. The signals are represented in the form of bricks – red color means bearish trend and green means bullish trend. That indicator can be used as a trend direction filter in your favorite…
Category: Forex MT4 Indicators
Adaptive Renko Indicator
Introduction to the Adaptive Renko Indicator The Adaptive Renko indicator utilizes trend recognition along with the trailing stops. It can even be your all-in-one trend riding trading tool. That tool consists of two elements: small dotted lines and two bold red/green solid lines. The dotted lines work as upper and lower bands of the channel,…
FX Pip Power Forex Indicator
Introduction to the FX Pip Power Forex Indicator The FX Pip Power Forex indicator works in a similar manner to the Moving Average Convergence Divergence (MACD) gauge. It measures the strength and direction of the market trend. When the bars are green and above the 0 level, you should be looking for buy opportunities. Similarly,…
Laguerre Histogram Indicator
Introduction to the Laguerre Histogram Indicator The Laguerre Histogram indicator, as the name suggests, displays Laguerre Oscillator signals in a form of the histogram bars, but also in an unusual way. These histogram bars are plotted into some kind of channel. Generally speaking, green bars represent an oversold market state and opportunity for a long…
True Fractals Bands MTF Indicator
Introduction to the True Fractals Bands MTF Indicator The True Fractals Bands MTF Indicator implements a dynamic trading channel with additional fractals displayed. This is a multi-timeframe forex indicator. For example, you can trade the M15 chart while using H4 TF for the indicator. That indicator is displayed directly on the main trading chart. It…
Bollinger Toucher AA Indicator
Introduction to the Bollinger Toucher AA Indicator The Bollinger Toucher AA Indicator shows arrows when the price touches the upper/lower Bollinger Band. This is a very handy tool for forex traders using a range trading strategies. During a sideways market, the price tends to move from one band to the other. That indicator is displayed…
Ehlers Histogram Oscillator Indicator
Introduction to the Ehlers Histogram Oscillator Indicator The Ehlers Histogram Oscillator indicator, as the name suggests, shows Ehlers signals in the form of histogram bars. These signals are really easy to read: simply the blue bars mean opportunities for buy trades, and the red bars mean opportunities for sell trades. The EHO can work as…
High Way Channel Indicator
Introduction to the High Way Channel Indicator The High Way Channel indicator draws a trading channel that automatically adjusts to the market moves. You should be looking for sell trades at the upper band (dark red color) and similarly, you should be looking for buy trades at the lower band (dark red color). That indicator…
Trend Quality Indicator
Introduction to the Trend Quality Indicator The Trend Quality indicator was first introduced by David Sepiashvili. It is a trend detection and estimation tool that is based on a two-step filtering technique. It measures cumulative price changes over term-oriented semicycles and relates them to “noise.” The Trend Quality indicator works in a similar manner to…
Hull Style ATR Indicator
Introduction to the Hull Style ATR Indicator The Hull Style ATR indicator is a combination of the Hull Moving Average and the Average True Range. It is a basically a simple crossover trading tool – it consists of green and purple line displayed in a window placed just below the main chart. The Hull Style…