Introduction to the BWMFI Bars Indicator The BWMFI Bars Indicator is a forex trading tool based on the Market Facilitation Index that measures the strength or weakness behind a price move by calculating the change in price per one tick. This indicator colorizes the candles accordingly. It doesn’t generate buy/sell trading signals on its own,…
Tag: candlestick indicators
Bigger TF Candles Week Day Indicator
Introduction to the Bigger TF Candles Week Day Indicator The Bigger TF Candles Week Day Indicator is a simple but useful tool that displays bigger time frame candles in your current TF chart. For example, on the H1 chart, you will see how D1 candles look like. The daily chart is made of 24 hourly…
Perfect Trend Line Indicator
Introduction to the Perfect Trend Line Indicator The Perfect Trend Line Indicator is a custom trend-following forex trading tool that uses crossovers to generate buy and sell signals signalized by dots. Additionally, this indicator colorizes the candlesticks to green and pink. That forex indicator is simple, easy to use, and fits all kinds of timeframes…
Heiken Ashi Indicator
Heiken Ashi Indicator How to install the Heiken Ashi Indicator on your Metatrader 5 trading platform? Download the indicator by clicking “LINK” button at the bottom of this post. Copy and paste the Heiken Ashi Indicator files into following folder of your Metatrader 5 (MT5) platform: MQL5 > Indicators. You can gain access to the…
RSI Candles Smoothed
The RSI Candles Smoothed indicator is a combination of four RSI values (RSI of High, Low, Open and Close) displayed as candles in a sub-window below the main trading chart. This version has an additional options to enable prices pre-smoothing prior to be used in a calculation, which makes it an RSI-of-MA combination. To avoid…
Best Candlestick Pattern Indicator
The candlestick patterns are patterns that take place on the Japanese candlestick charts. The candlestick chart is a type of chart that changes color based on whether price closed higher or lower than the open price. In other words, the candlestick charts are a technical tool that gathers data for multiple time frames into single…
New Heiken Ashi Indicator
New Heiken Ashi Indicator How to install the New Heiken Ashi Indicator on your Metatrader 4 trading platform? Download the indicator by clicking “LINK” button at the bottom of this post. Copy and paste the New Heiken Ashi Indicator into following folder of your Metatrader 4 (MT4) platform: MQL4 > Indicators. You can gain access…
Forex Candle Predictor
The Forex Candle Predictor is a custom MetaTrader 4 (MT4) indicator that predicts the next few candles, and it can be used with any forex trading system / strategy for additional confirmation of trading entries or exits. How to set up the Forex Candle Predictor indicator in MT4? Installation Guide Download the Forex Candle Predictor.rar…
Japan Indicator
Japan Indicator How to set up the Japan indicator in MT4? Installation Guide Download the Japan.rar archive at the bottom of this post, unpack it, then copy and paste the Japan.ex4 or Japan.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform. You can gain access to this folder by clicking the…
MACD Color Candles Indicator
The MACD Color Candles Indicator displays color candles corresponding to MACD bullish (green candles) / bearish (red candles) market conditions. How to set up the MACD Color Candles indicator in MT5? Installation Guide Download the MACD Color Candles.rar archive at the bottom of this post, unpack it, then copy and paste the MACD Color Candles.ex5…