Introduction to the Renko Alarm Indicator The Renko Alarm Indicator give alerts when the new Renko bar is formed. Please check our post about “Renko Charts” to learn more about how precisely Renko Bars are formed. The Renko Alarm Indicator fits all kinds of timeframes and currency pairs. It is displayed directly over the main…
Category: Forex MT4 Indicators
Precision Trend on Moving Averages Indicator
Introduction to the Precision Trend on Moving Averages Indicator The Precision Trend on Moving Averages Indicator is an enhanced trend-following forex indicator. The foundation of that Precision Trend indicator is a line that works a bit like a Moving Average, but it does a better job at recognizing trend direction. It’s green when the trend-momentum…
TSI MACD Indicator
Introduction to the TSI MACD Indicator The TSI MACD Indicator is a combination of the TSI (True Strength Index) and MACD (Moving Average Convergence Divergence) technical indicators into one oscillator. The indicator oscillates between -110 and +110, while its signal baseline is on the zero level (a level that determines the market bias: above 0…
MA Parabolic ST2.2-1 Indicator
Introduction to the MA Parabolic ST2.2-1 Indicator The MA Parabolic ST2.2-1 Indicator is a combination of the Moving Average indicator and the Parabolic Sar indicator. When the Parabolic dots are below the MA, it means the current trend-momentum is bullish. Conversely, when the Parabolic dots are above the MA, it means the trend-momentum is bearish.…
All Divergence Indicator
Introduction to the All Divergence Indicator The All Divergence Indicator is all-in-one forex divergence recognition tool. It is capable of identifying many types of divergences including CCI, MACD, OBV, RSI, Stochastic, Momentum, and more. It is a really versatile trading tool that should take place in a collection of any trader utilizing divergence strategies. The…
SSL Indicator
Introduction to the SSL Indicator The abbreviation of the SSL Indicator means Semaphore Signal Level. It works in a similar manner to the Moving Average indicators. In fact, the SSL indicator plots two lines that together create a channel. When the green line is above the red one – it means the trend is bullish.…
Renko Scalp MS Alert Indicator
Introduction to the Renko Scalp MS Alert Indicator The Renko Scalp MS Alert Indicator is, as the name suggests, a forex scalping indicator based on Renko Charts. In essence, it is a simple trading tool that displays signals in a form of blue, red, and orange bricks. Additionally, this forex indicator places blue and red…
DayDeMarker Forex Indicator
Introduction to the DayDeMarker Forex Indicator The DayDeMarker Forex Indicator is a custom forex oscillator that works to identify potential overbought/oversold areas of the market. These areas offer good entry points for swing trades. That forex indicator uses a unique formula for its calculations, therefore works in a different manner than most oscillators. The DayDeMarker…
DMI ADX Histogram Oscillator Indicator
Introduction to the DMI ADX Histogram Oscillator Indicator The DMI ADX Histogram Oscillator Indicator is, as the name suggests, a combination of the Average Directional Index (ADX) and the Directional Movement Index (DMI). As you probably know, the ADX measures the trend strength of an asset, and DMI defines its market direction. In the result,…
RSI HMA Min Max Levels MTF Indicator
Introduction to the RSI HMA Min Max Levels MTF Indicator The RSI HMA Min Max Levels MTF Indicator is a unique forex trading tool based on the Relative Strength Index (RSI) and Hull Moving Average (HMA). It displays a signal line that moves within a channel. When the signal goes outside the channel bands and…