Andrews pitchfork indicator.
Andrews' Pitchfork is a fairly well-known graphical technique applicable in Forex trading;
in fact, these are three lines, the first of which is built along significant lows, the second along significant highs, and the third is the beginning of an existing trend.
The Andrews Pitchfork indicator takes all the work of constructing into your own hands; the script will be an excellent assistant for both a novice trader and a professional in the Forex market.
Advanced functionality will not only help you complete all the work, but will also help you choose the most attractive time period for trading.
Forex channel indicator.
A fairly functional technical analysis indicator that allows you to create a
trend channel on the chart of the desired currency pair.
The Forex channel indicator is based on the construction of several parallel curves, which significantly expands the possibilities of analysis.
Its work is based on the “Moving Average”; you can easily change its parameters in the indicator settings and make the script more efficient.
Support line indicator.
Regardless of the movement of the trend, it is quite important to have an idea of its lower border; usually the support line acts as such a border, which is built based on the lows over a certain time period.
You can carry out the construction in the trader’s terminal using its graphical functions, but the disadvantage of this method is that when the price minimums change, the line will remain in the same place.
Forex lines (levels) indicator.
In order to have an idea of the dynamics of price movement over a certain time period, you need to build support and resistance lines or use other levels.
You can perform this action either manually or using technical analysis tools, one of such tools is the Forex levels indicator. If desired, these levels can also act as the boundaries of the price channel.
News indicator (working version).
An excellent version of a news indicator for working on Forex, and most importantly, it is a completely working version, just
tested for performance. If a pop-up window appears after the indicator, click “OK”, go to the English-language forum, register and calmly download the latest version.
A news indicator is necessary for almost any trader trading on the currency exchange, and it does not matter whether he trades on the basis of news or uses exclusively technical analysis.
Information about the release of important news can always become a signal to close a transaction, which will help avoid losses.
Multicurrency indicator.
There are a lot of profitable trading strategies on Forex, one of which is the correlation strategy, in which trades are opened taking into account exchange rate movements for several currency pairs.
As a rule, each currency pair reacts to a particular event at a certain speed, a little faster or, on the contrary, a little slower, thanks to this it is possible to establish a clear relationship between certain instruments.
Forex timeframe indicator.
The design of a trader's terminal involves trading on a certain time frame, but sometimes it is not superfluous to control the situation on neighboring time frames.
Alternatively, you can switch between timeframes. But it is better to use the indicator of the same name. The time frame indicator allows you to make Forex trading more convenient, and therefore more effective, it allows you to highlight the time frames you specify, thereby facilitating analysis.
Supply and demand indicator.
Sometimes an analysis of the supply and demand of a currency on Forex allows you to understand what the current situation is in the Forex market. It is quite difficult to obtain reliable data; a special indicator is usually used for this purpose.
The supply and demand indicator allows you to build a bid and ask channel and track how a change in trend affects the situation with the supply and demand of a currency.
Indicator for setting stop loss and take profit.
A multifunctional tool with which you can obtain information on several parameters at once.
MetaTrader 4 will be useful as an assistant when trading in the trading terminal; it has only a few settings, as well as the ability to change the colors of the information display.
Forex arrow indicator, signals for opening positions
Another attempt to turn a regular indicator into something like an advisor that will independently search for and indicate points for opening new positions.
If desired and with some skill, the Forex arrow indicator can also be used for scalping, since the tool works perfectly on any time frame.
The script is based on the work of a moving average and analysis of the current formation of new candles.
In addition, for the convenience of the trader there are several additional parameters.
Forex market sentiment indicator.
The price on the Forex market moves according to its own laws; the market sentiment indicator is designed to understand this movement.
The tool calculates oversold and overbought zones, allowing you to evaluate the existing trend. It is clear that the script does not provide a one hundred percent guarantee, but despite this, its work can be described as quite effective.
Trading sessions indicator.
When working on Forex, almost everything matters; trading sessions also play an important role; they, as a rule, control the dynamics of currency movements and trading volumes.
For example, at the Asian trading session, transactions with the Japanese Yen always dominate, and at the European trading session with the Euro. In addition, indicators such as volatility and the speed of movement of exchange rates also differ, which is also important for successful trading.
Highs and lows indicator.
This tool is intended exclusively for determining daily price lows and highs; all calculations are performed in a fully automatic mode and displayed on the chart of the currency pair.
The lows and highs indicator allows you to find out the highest and lowest price values on the daily timeframe; calculations can be carried out for up to one month.
Candle time indicator.
This tool tracks the lifetime of a candle or the duration of a time frame, that is, thanks to it you can find out such indicators as how long the time frame lasts and how much time is left until its end.
The candlestick time indicator can be useful for traders who take into account the closing time of time periods in their trading, since sometimes the price behaves quite predictably before closing.
Volumes indicator.
We present to your attention one of the best indicators for measuring market volumes; its distinctive features are the absence of the need for fine tuning and ease of use in almost any Forex strategy .
You can download the volumes indicator completely free of charge below in the text of the article. This is not the standard option that you can find in any of the trader’s terminals, but a more advanced version with significantly expanded functionality and an attempt to separate trading volumes relative to their direction.
Stop loss indicator.
Setting the value of a stop loss order has always been the main task when opening a new transaction, but calculating its size is not always within the capabilities of a novice trader.
This tool was developed precisely for this category of players. There is absolutely no need to prove the need to set this order for every transaction, as this is the basic basis of any Forex strategy .
Correlation indicator.
There are many different strategies in the Forex market, one of the most popular is the use in the trading system of the principle of relationship between exchange rates, which is also called Forex correlation .
The bottom line is that you need to find two interrelated currency pairs, and determine how one currency pair behaves when the rate of the second changes. You can do this yourself, but it’s easier using the correlation indicator.
Stochastic indicator
Stochastic is one of the most popular indicators used in technical analysis of the Forex market, so this tool requires special attention.
Despite the ease of use and configuration, in most cases it provides fairly accurate signals for entering the market.
Usually this script is included in the set of indicators in any trader’s trading terminal, but if you don’t have it, you can download the file via a direct link.
Forex volume indicator.
A useful tool through which you can find out the Forex volume, or rather track its changes, which allow you to judge how strong the current trend movement is. After all, an increase in trade volumes has always been considered a confirming factor in favor of the existing price.
The volume indicator works on the principle of an oscillator, comparing the received data with the average statistical indicators on a given timeframe. This makes it possible to correctly assess the dynamics of the changes that have arisen.
Chaikin oscillator
The Chaikin indicator is based on such a popular instrument as MACD , the main changes affected not only the appearance, but also some of its functional features.
Now this script also includes the “A/D” script.
The coordinated work of two popular tools allows you to most accurately analyze the existing Forex trend.
Excellent for traders trading trend strategies, it has simple setup and is distinguished by accurate readings, can work with various currency pairs and on any time frame.
Therefore, the oscillator managed to gain quite high popularity among the majority of Forex traders.
Way market indicator.
The name of this indicator speaks for itself: Way market or, translated, the market path means researching the current situation in the Forex market, identifying all existing trends and sentiments.
This is a rather complex technical analysis tool that combines a lot of all possible scripts.
Main features:
- determining the direction of the existing exchange rate trend,
- measuring trend strength indicators,
- warning about the likelihood of a price reversal in the near future,
- separate analysis of uptrend and downtrend,
- the ability to determine who currently dominates the market, bulls or bears.