The RSI is one of the most popular oscillator-type indicators because it tends to generate fewer false signals than other similar indicators and provides more reliable overbought and oversold signals. Many trading systems, including countertrend systems, include the RSI as part of their entry and exit filters, as it is one of the few technical indicators that has stood the … Read more
In this article, we will introduce a version of the Stochastic RSI indicator for the Metatrader 4 trading platform. It is a simple indicator that displays the value of the Stochastic RSI below the price chart. It allows the trader to select the calculation period and the price type used to calculate the indicator value. This tool was created by … Read more
In this article, we will showcase a modified indicator for Metatrader 4 called Donchian Scanner Signals, designed to display signals from this technical analysis tool on any timeframe and instrument provided by the broker. This indicator operates by presenting Donchian channel bands along with the following types of trading signals: Bullish and bearish crossovers of the upper band, lower band, … Read more
ADX Oscillator Signals Indicator for Multiple Instruments and Time Frames ADX-Analyzer, designed for the Metatrader 4 trading platform. This tool analyzes the general price trend in different markets using the ADX, an indicator that shows the strength of a trend . Through a signal dashboard that shows the ADX values, the indicator shows in which markets and periods there is … Read more
In this article we are going to show a modified technical indicator for Metatrader 4 that plots an ILRS (Integral of Linear Regression Slope) moving average on any price chart of this trading platform. It is a free indicator that was designed by ForexDominion experts and can be downloaded at no cost. The ILRS is a little known and different … Read more
The multiple moving averages indicator Magic MA for Metatrader 4 is designed to draw more than 30 different types of moving averages on any price chart on this platform. The most popular types of averages are included, such as the SMA and EMA, as well as unusual types such as the LSMA or the ILRS and moving averages based on … Read more
In this article we are going to show a modified indicator for Metatrader 4 that allows to visualize a LSMA moving average (Least Square Moving Average) in any price chart of this trading platform. This indicator was developed by experts of ForexDominion, is free to download and can be used by the trader at his or her own discretion. Like … Read more
Moving average crossovers are one of the most used trading signals in technical analysis systems to determine the trend direction and possible changes in the direction of the market. Many trading systems base their buy and sell signals on long and short-term moving average crossovers of different types (SMA, EMA, etc.) in combination with other technical tools. Therefore, here is … Read more
In this article we present a custom indicator for Metatrader 4 that displays the Guppy Multiple Moving Averages (GMMA) indicator on any price chart. The indicator can be modified to calculate moving averages with different types of prices (such as closing price, opening price or maximum price) and to use different moving averages instead of EMA, such as SMA and … Read more
In this article we are going to present a custom indicator for Metatrader 4 that is designed to display a VIDYA adaptive moving average overlaid on the price action on the price charts. This indicator can be modified to calculate the moving average with different price types (closing price, opening price, maximum price, minimum price, median price, typical price and … Read more