ProfitLine indicator search for breakeven level
When trading, every novice trader, and even experienced ones, sooner or later encounters a situation where, after opening a profitable trade, the price reverses and moves against the trader, closing the trade on a stop order.
To prevent this from happening, it is necessary to always move the stop order to a break-even point.
However, while everything is perfectly clear with a single market transaction, since it is enough to move the stop order after a certain period of time to the point where the transaction was opened, when working with a series of orders, things become more problematic.
This problem is especially critical for traders who use it in their trading averaging strategies and elements of martingale.
What happens if a trader uses a grid strategy and has orders open in different directions at the same time?
Price Channel Oscillator. A tool to make pairs trading easier
The goal of any trader and investor is to minimize risks as much as possible while still achieving acceptable returns.
Large hedge funds achieve this goal through smart hedging risks, creating the most market-neutral portfolios of stocks and other assets, as well as by searching for a direct relationship between assets, their correlation and, most importantly, spread or swap.
However, in pairs trading, everything is far from as simple as it seems at first glance, because knowing the direct relationship between assets is necessary to catch the very moment of profit due to the spread that occurs when the charts diverge significantly.
To simplify pair trading and find expansion zones for different assets, traders overwhelmingly use specialized assistants. We'll learn about one such assistant in this article.
The Price Channel Oscillator indicator is an auxiliary technical analysis tool whose main task is to build a price oscillator based on two currency pairs.
Days of the week indicator
Trading in financial markets, and especially the Forex market, is based in one way or another on the search patterns.
The unique appearance of a candle, the intersection of indicator lines, the breakout of a level, the opening of a position at a certain time of day, and so on – all this is the development of discovered patterns.
One of the most obvious patterns is the movement of an asset's price at a certain time of day, day, or even month.
Traders have added the concept of seasonality to some assets, as the price abnormally increases its activity during certain months of the year.
However, searching for such patterns takes a lot of effort, so traders resort to auxiliary indicators that create markings on the chart.
LeMan Variation. Source of market signals
Any trading strategy cannot do without its most important element – a signal indicator.
For this role, as a rule, all kinds of oscillators or custom tools based on them are used.
The LeMan Variation indicator is a technical analysis tool that belongs to the category of oscillator indicators.
It is worth noting that the LeMan Variation indicator is a unique development, since in the process of its creation the author did not use standard tools, but implemented his idea from scratch.
Like all indicators belonging to the oscillator group, LeMan Variation can be safely used on absolutely all time frames, and it demonstrates especially high efficiency on small time frames, which are most often used for scalping.
FractPrice indicator
Based on the research of many traders and analysts, the price is in so-called sideways or wide flats almost 70 percent of the time.
Market activation, as a rule, occurs after the breakdown of the next extreme or support and resistance levels.
One of the first traders who noticed the importance of identifying extreme points and was able to specify the determination process itself by creating his own indicator was Bill Williams.
It was he who introduced the concept of Fractals in the stock and foreign exchange markets, proposing the concept of taking as a basis five candles and the highest point, which, as a rule, is in the middle of the candle combination.
Thanks to the fact that Bill published his own book, in which he revealed the secrets of his trading strategy.
GentorCCI indicator. Multi-tasking forex indicator
Standard indicators are a great source of ideas for many traders and programmers who are trying to create technical analysis something newer, unique and inimitable.
However, it's not always necessary to completely alter standard indicators to create something unique. Sometimes, it's enough to take a creative approach to their use, and most importantly, their combination.
One of these extremely common approaches to creating custom indicators is combining oscillators of different periods in a single window, which produces a completely new type of signal when they cross.
In this article, you will learn about one such indicator, the basis for which was a non-standard approach to using a standard indicator.
Wolfwavesfind indicator
It's no secret that the market has a wave structure. One of the first traders to discuss this more than twenty years ago was Charles Dow.
Now that there is no need to draw graphs manually, as was previously the case, everyone can see this for themselves.
Any growth is sooner or later followed by a decline, and while the wave sizes may vary in both the number of candles and the dynamics of their occurrence, the overall structure of the trend is practically identical in all markets.
It was this pattern that Ralph Elliott first noted when he created his own wave theory of five trend waves and three correction waves.
This theory has found millions of followers around the world, but as practice has shown, everything is far from ideal as described in books.
4PMA indicator. Automatic channel building
Channel strategies are rightfully considered one of the most effective technical analysis tools.
The fact is that prices almost always trade within a certain range, sometimes deviating toward one of the invisible boundaries, sometimes bouncing back from it to conquer new extremes.
Thus, the emergence of trading tactics within a channel, which represents two strong support and resistance levels, is a common pattern in price observation.
However, while there is no doubt about the effectiveness of using channels to find market signals, many people have difficulty plotting them on a chart independently, especially when choosing extreme points and the prices at which to draw these lines.
Mouteki indicator. Implementation of Thomas DeMark's famous trend line construction
Thomas Demark became famous throughout the world not only for his phenomenal profitability and successful trading,
The most interesting thing is that Demark himself never resorted to complex technical analysis techniques in his trading; moreover, he made a huge bias towards the most common trend lines.
However, if traders are still racking their brains about which two extrema to build a line at, Thomas DeMark has specified the rules of construction, creating the concept of a reference point and a clear algorithm for finding them.
It was the specification of Demark's construction rules that allowed programmers to recreate many indicators using his methods, and the Mouteki indicator is one of them.
Multi Info Table. Signals of 12 trading indicators in one window
The indicators that are included by default in the MT4 trading terminal are worth considering, but it is impossible to use such a large number of tools simultaneously.
If you apply a large number of indicators to a chart, you will simply lose the ability to fully track price movements and apply graphical elements.
To avoid cluttering the chart's workspace, special information indicators were developed. They provide data from multiple indicators simultaneously in the form of a table or panel, without taking up much space on the chart.
The Multi Info Table indicator is a special information indicator that, like a radar, tracks changes in more than 12 standard indicators simultaneously and displays information on emerging signals to the trader.
In addition to tracking many indicators simultaneously, Multi Info Table also summarizes their data and displays the probability of price movement as a percentage in one direction or another.
Wolfnen indicator. Automatic construction of Wulf waves
Unlike other methods of market analysis, wave theory allows for clear predictions of future price movements and long-term forecasts.
Inspired traders and followers of the wave theory developed their own approaches, and one of the most popular wave offshoots became the famous "Wolfe Waves".
The Wolfnen indicator is a technical analysis tool that allows you to plot Wolfe waves completely automatically.
It is worth noting that Wolfe Waves are equally effective on any time frame you use.
Given that the wave structure is present on any timeframe, it's also worth mentioning that the tool is multi-currency and allows for automatic marking not only on currency pairs but also on CFDs.
Kagi chart indicator
Many traders are daily in search of auxiliary tools that would allow them to discard the so-called market noise in the Forex market.
Indeed, the presence of market noise and constant sideways movements manage to confuse even experienced professionals.
The only sure way to get rid of such noise is to decouple the price movement from a time period, and build based on the distance traveled, and not the time frame.
The Kagi chart indicator is a technical analysis tool that allows you to untie price movement from a time period and build the famous Kagi chart based on the price ranges passed through.
It is worth noting that the Kagi indicator makes its construction both directly on the price chart and below it in the form of a separate line.
Woodies CCI indicator
Standard indicators are the most popular tools technical analysis on the Forex market.
However, as they gain experience and knowledge, sooner or later every more experienced trader begins to doubt their informativeness and effectiveness.
This is simply due to the fact that each trader develops their own view of the market, their own ideas and developments.
Standard indicators reflected the ideas of the traders who created these instruments.
A lack of information and the trader's self-realization lead to popular standard indicators being constantly improved, refined, and modified beyond recognition.
Arun indicator.
Price movement occurs only due to the actions of two categories of traders in the market, who form supply and demand.
Buyers actively open purchase transactions, thereby creating demand, and sellers place warrants for sale, increasing the supply of currency in the forex market.
It is the predominance of one category or another in the market that forms the main trend in the direction of which it is customary to open transactions.
That is why in the process of market analysis it is very important to determine the dominant crowd, and it is very important to consider the category of sellers and buyers both simultaneously and separately.
This can be achieved only in two ways, namely by reading the Depth of Market tape, which is impossible in the Forex market, or by using technical indicators.
One such indicator that tracks both buyers and sellers in the market is Arun.
Breakout Panca Indicator: Trading the Morning Flat
Every currency pair has its own time zones of activity. This is due to the simple presence of trading Forex sessions, which arose because traders from different countries trade at completely different times of the day.
This characteristic creates certain patterns in the market. For example, the market always remains in a very tight trading range during the Asian trading session, which typically occurs overnight and early in the morning.
This is caused by the fact that Europeans and Americans are simply sleeping at this time of day, while Eastern countries are conducting their trades.
The established range of the Asian trading session serves as a kind of reference point for many traders, and a breakout of one of the range boundaries is an indicator that shows which direction the market will move throughout the day.
The Breakout Panca indicator is a technical analysis tool whose main purpose is to visually outline the morning range for the trader flatA.
BB Trend Flat. Flat detection in seconds
Trading financial assets always involves building positions in the direction of a certain trend.
However, the market is not so straightforward as we would like this, but it is characteristic of ranging movements, accumulations and the departure of price in the so -called Flet for Forex .
The state of Flet for most trend strategies is comparable to losses, since the price can plunge the trader’s protective order many times, and the repeated entrance to the market from almost the same point makes the trader constantly review his signals.
Once in the Flamp saw, the strategy can give a huge number of false signals, and in the best case, the position will simply hang out in place with a changeable profit, accumulating a negative swap.
In order not to fall into such a situation, it is necessary to correctly determine the flat, and in this a special BB Trend Flat indicator will help us.
Collection of indicators from InstaForex
Technical analysis It is very difficult to imagine without the use of various Forex indicators, because otherwise, without measuring any technical characteristics, the price analysis itself simply would not exist.
Naturally, for effective trading, a trader needs to competently combine technical indicators with each other, since each of them has both strengths and weaknesses, which allows them to compensate for each other’s shortcomings.
Today, on the Internet you can find thousands of different orphan indicators, for which there are no practical instructions for use, not to mention a description of the basis on which the instrument was built.
Such chaos and abundance of instruments leads to the fact that even an experienced market participant begins to build his strategies on something that is not clear, which naturally leads to disastrous consequences and loss of the deposit.
Chaos Reversal Indicator
The market has extremely unpredictable behavior, and price movements are more reminiscent of chaos than the well-known phase of a trend or flat.
Unfortunately, or perhaps fortunately, it is precisely its unpredictability and chaotic movement that allows millions of traders around the world to earn money.
Just imagine if the market had not a chaotic price movement with a tendency to a certain trend, but a clear directional trend that everyone could identify.
In that case, no one would be able to make money, since in financial markets people only make money when everyone else is losing.
Indicator - three screens
The appearance of the famous strategy “Elder's Three Screens” made a kind of revolution in the field of technical analysis.
If previously traders could only occasionally view what was happening on higher time frames, then thanks to the principles set out in the strategy, the number of signals opened against the trend has significantly decreased.
Actually, the fundamental principle of the strategy was to measure the trend and direction of the trend on higher time frames, and enter the market directly based on signals from the lower one and always towards the higher time frame.
SpearmanRankCorr indicator
Today, there are dozens of different approaches to market analysis and thousands of indicators based on them.
However, almost all technical indicators have one thing in common - an orientation towards statistics.
One way or another, when using any signal tool, we hope that the situation that previously occurred on the chart will repeat itself again.
Despite this, mathematical and statistical approaches are susceptible to unhealthy criticism from traders.
At the same time, almost no one disputes the graphical analysis (http://time-forex.com/tehanaliz/graf-analiz).
The SpearmanRankCorr indicator is a technical analysis tool that is based on complex mathematical calculations. The basis for constructing the SpearmanRankCorr indicator was the Spearman rank correlation coefficient, which was embodied in the form of a smoothed oscillator.
Spearman indicator
Traders who often criticize technical indicators and refuse to use them, pointing out that they are not based on an effective algorithm.
Also critics technical analysis They argue that indicators use historical prices in their calculations, so the signals will always be lagging.
The development of Forex trading has given rise to the creation of thousands of ridiculous tools that are quite colorful in appearance but offer no practical benefit, but not all indicators are as toothless as critics paint them.
For example, the Spearman indicator contains a complex mathematical formula that is designed to search for rank correlation.
