Ehlers Histogram Oscillator for mT4

 

The Ehlers Fisher MTF forex indicator for MT4 is a popular dual-colored buy and sell signals oscillator that works on multiple time frames.

Ehlers Fishers works well for finding short-term trade opportunities in established market trends.

The Ehlers Fishers indicator oscillates above and below its neutral zero line (0.00).

• When the Ehlers Fishers indicator breaks above the zero line from below, the short-term trend changes from negative to positive (look to buy).
• When the Ehlers Fishers indicator breaks below the zero line from above, the short-term trend changes from positive to negative (look to sell).

In brief, when the Ehlers Fishers indicator draws green bars, the short-term trend is up.

When the Ehlers Fishers indicator draws red bars, the short-term trend is down.

In order to avoid trading against the longer-term trend, combine the indicator with a longer period moving average (type: SMA, EMA).

Combine for example with: 200 period SMA or 100 period EMA.

Longer-term trend up? Trade the green Ehlers Fishers bars.

Longer-term trend down? Trade the red Ehlers Fishers bars.

Feel free to experiment with the different indicator’s inputs settings to suit your needs and preferences.

Example Chart

The EUR/USD 5-Minute chart below displays the Ehlers Fishers MTF Metatrader 4 forex indicator in action.

Basic Trading Signals

Signals from the Ehlers Fishers MTF MT4 forex indicator are easy to interpret and goes as follows:

Buy Signal: Initiate buy trade when the Ehlers Fishers MTF bars turn green from red. The short-term trend is up.

Place a stop loss below support or use your own preferred SL method.

Sell Signal: Initiate sell trade when the Ehlers Fishers MTF bars turn red from green. The short-term trend is down.

Place a stop loss above resistance or use your own preferred SL method.

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart window indicator

Customization options: Variable (time frame, period, price type, price smoothing, index smoothing, alerts) Width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly

Type: oscillator

Installation

Copy and paste the ehlers-fisher-transform-mtf.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

CCI of EMA Indicator for MT5

 

The CCI EMA based Indicator For MT5 is the channel index that is mostly used by the long term traders to find the key reversal point in the trading asset. But this tool is equipped with the formula of the exponential moving average which allows the traders to deal with the real-time price movement of the trading instrument. CCI value trading around the upper extreme point usually suggests an imminent drop in the price. On the contrary, when it drops near the lower extreme value it suggests an imminent rise in the price.

DEMA Range Channel Alert for MT5

 

The DEMA Range Channel Alert Metatrader 5 forex indicator is a signals trading channel arising from two double exponential moving averages based on averaged high and low time series. At any instance the candlesticks go beyond the channel, a trend color gets activated

KDJ Indicator for MT5

 

The KDJ Indicator For MT5 determines the KDJ period interval. The interval is calculated by the maximum high and low of the candles. The credit goes to Barabashkakvn for making this device compatible with the MT5 platform. The K line is determined with the help of the RSV line.

Absolute Strength Indicator for MT5

 

The Absolute Strength Indicator For MT5 defines the strength of a trend with absolute levels instead of dynamic levels. The indicators RSI, DMI and Stochastic are using dynamic levels. This indicator uses fixed levels to define the strength of the bulls in comparison to the strength of the bears.

Spectr Indicator for MT5

 

The Moving Average Spectrum Metatrader 5 forex indicator is a financial asset oscillation spectrum normalized by values of a simple moving average.

The Moving Average Spectrum indicator is comprised of eight uniquely colored lines that are labeled as follows:

Wave 1 (red), Wave 2 (orange), Wave 3 (yellow), Wave 4 (Lime), Wave 5 (Blue), Wave 6 (Dodger blue), Wave 7 (Dark violet) and Wave 8 (Dim gray).

These waves averaging lines are set by default as simple moving averages.

However, other averaging types like the exponential, smoothed and linear weighted can also be implemented.

We advise that you try them out to see the type that best suits your trading.

Buy and sell signals from this indicator are easy to interpret (see explanation more down below).

Example Chart

The EUR/USD H4 chart below displays the Moving Average Spectrum Metatrader 5 forex indicator in action.

Basic Trading Signals

Buy Signal: Go long when price bars trade above all the waves or lines of the Moving Average Spectrum Metatrader 5 forex indicator, while the lime colored wave stays at the bottom of all waves.

Sell Signal: Go short when price bars trade slightly below the waves or lines of the Moving Average Spectrum Metatrader 5 forex indicator, while the lime colored wave stays at the top of all waves.

Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the lime wave intersects any wave of the Moving Average Spectrum indicator bottom up.

Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the lime wave intersects any wave of the Moving Average Spectrum indicator top downward.

Tips: Trading the Moving Average Spectrum indicator in isolation has the capacity to create more wealth for any currency trader who studies the indicator closely.

MT5 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 5

Type: chart pattern indicator

Customization options: Variable (indicator time frame, Bar index for the calculation start, Wave height, Smoothing period to the calculation of moving average, type of averaging, type of price), width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: trend

Oracle Indicator for MT5

 

According to the author it is the best forecast indicator. The oracle which can be trusted more than analysts. So it or not, it is a disputable question but as far as the idea of creation of redrawn indicators regularly disturbs minds of some part of the trader’s community, so it is impossible to pay attention to this slippery topic. The indicator is redrawn four bars ahead!

At any case Recount input parameter is added into the Expert Advisor code that allows disabling indicator conversion in the closed bars in a certain sense that is a little overdone to see the actual state of the indicator in all closed bars without redrawing.

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 05.04.2010.

Oracle – indicator for MetaTrader 5 is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

Oracle – indicator for MetaTrader 5 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

Disparity Index Indicator for mt5

 

Disparity Index Signals Metatrader 5 Forex Indicator

The Disparity Index Signals Metatrader 5 forex indicator is used to define the high/low price levels.

The indicator pops up within a separate window with histograms that are colored differently and are bordered by dim gray upper and lower levels.

The color of the histograms are blue and dodger blue, which designates when they’re formed above the zero level, while red and tomato histograms are used to specify when the histograms are formed below the zero level.

Another take away from the Disparity Index indicator is its ability to signal overbought and oversold market conditions, when the histograms are filled blue and red respectively.

At this point, traders should be on the lookout for price patterns that suggest a possible reversal.

Example Chart

The EUR/GBP H1 chart below displays the Disparity Index Signals Metatrader 5 forex indicator in action.

Basic Trading Signals

Buy Signal: Go long when the histograms of the Disparity Index Metatrader 5 forex indicator turns blue and dodger blue, while staying above the zero signal level.

Sell Signal: Go short when the histograms of the Disparity Index Metatrader 5 forex indicator turns red and tomato, while staying below the zero signal level.

Exit buy trade: Close all buy orders if while a bullish trend is running, the Disparity Index indicator forms a tomato histogram that is aligned below the zero signal level.

Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the Disparity Index indicator displays a dodger blue histogram that is aligned above the zero center line.

Tips: It is advisable to combine the overbought/oversold model of the Disparity Index indicator with appropriate candlestick representations.

Although bulls and bears markets are represented using rising and decreasing index respectively, divergence is another potent means of defining trends.

Implement this indicator in your scalping, day trading and swing trading strategies.

MT5 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 5

Type: chart window indicator

Customization options: Variable (Index method, Index period, levels coefficients), width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: trend | overbought/oversold

Installation

Copy and paste the disparityindex.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

OBOS Indicator for MT5

 

Overbought/Oversold oscillator displays the market movement direction color histogram in a separate window.

The indicator has three input parameters:

• Period - calculation period
• Overbought - overbought level
• Oversold - oversold level

Calculation:

Up = EMA(EMA((WP-EMA(WP)) / StdDev(WP)))
Down = EMA(Up, Period)

where:

EMA - EMA(PRICE_WEIGHTED, Period)
StdDev - StdDev(PRICE_WEIGHTED, Period)
WP - weighted price (High+Low+Close+Close)/4

The upward movement is displayed by the green histogram
The downward movement is displayed by the red histogram
Uncertain movement is displayed by the gray histogram

Center of Gravity Extended Indicator for MT5

 

The Center of Gravity Extended Metatrader 5 forex indicator is an extended version of the default Center of Gravity indicator, hence its name.

This version adopts a correction in its calculation that allows the use of a significant price level.

As a result of this modification, 3 color schemes are added within the inputs parameter:

• Change color on signal / trigger line cross (the default)
• Change color on zero line cross
• Change color on slope change

Depending on your trading preference (via tweaking of the color change method), the use of the color change as an alert trigger can be adopted.

Example Chart

The GBP/USD H1 chart below displays the Center of Gravity Extended Metatrader 5 forex indicator in action.

Basic Trading Signals

Buy Signal: Go long when the fairly ascending line of the Center of Gravity Extended Metatrader 5 forex indicator turns medium sea green.

Sell Signal: Go short when the somewhat descending line of the Center of Gravity Extended Metatrader 5 forex indicator turns orange red.

Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the indicator line reverts to orange red.

Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the indicator line changes to medium sea green.

Tips: For better performance, combine with other technical indicators or with price action.

MT5 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 5

Type: chart window indicator

Customization options: Variable (Period, Price, Color change method), width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: oscillator

Installation

Copy and paste the Center of Gravity – extended.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

Plombiers Indicator for MT5

 

The indicator which I am about to show you has quite a long name; it is called the Plombiers - oscillator in the channel. Indicator For MT5:) Okay, maybe it was not that long but it is quite a tongue twister.

However, Plombiers - oscillator in the channel. Indicator For MT5 is filled with much promise to give you profitable trade setups upon the oscillating twists and turns within the markets.

It is a great indicator to use and I am sure by the time you have a proper understanding of how to use the Plombiers - oscillator in the channel. Indicator For MT5, you will surely jump into back testing in preparation to integrate it into your live trading. 

Stochastic

The Plombiers - oscillator in the channel. Indicator For MT5 is built on the Stochastic Oscillator indicator. Usually with the conventional Stochastic Oscillator it is offered at the bottom of your chart below the price action and what constantly happens is that you need to keep your focus and eyes both on the Stochastic and then look up towards the price action constantly in an attempt to monitor these two elements in the financial markets. With the Plombiers - oscillator in the channel. Indicator For MT5 there is no need for this because the Stochastic Oscillator is embedded in the price action itself!

And because of that, it actually makes my life easy in terms of trading and also analysing. What the Plombiers - oscillator in the channel. Indicator For MT5 also includes is that it attaches the stochastic indicator and computation into a trend channel within the price action so it can give you an idea of the momentum of the trend.

It also assist you to identify, within the channel, oversold and overbought trading signals. Stochastic levels range within a specific range from 0 to 100. The popular setting that people use is 30% to 70%: thirty percent for oversold levels and 70 percent for overbought levels.

In my personal trading I tend set levels twenty percent and 80 percent for my respective oversold and overbought regions. I believe that this setting works very well for me but you can use your own setting. But this setting works well for me because it filters out the noise thus reducing the chances of me being lured into a fake signals using overbought or oversold sentiment.

The Plombiers - oscillator in the channel. Indicator For MT5  takes the Stochastic oscillator to a whole other level and I am going to show you why I am of this view.

X-Divergence

At this point, those of you (myself included) who like to trade using divergence, might have concerns regarding the possibilities of trading divergence with the use of the Plombiers - oscillator in the channel. Indicator For MT5.

These concerns are well within reason, I understand fully because at first glance of the Plombiers - oscillator in the channel. Indicator For MT5 you may find it difficult to trade divergence. Feeling that way is completely normal because you are accustomed to trading divergence with an oscillator that is at the bottom of your trading charts.

You just need to make a slight adjustment, which I believe is not that difficult of an adjustment to make. I actually easier to trade divergence using the Plombiers - oscillator in the channel. Indicator For MT5  then it is to use oscillators at the bottom of my trading charts.

I call this method of trading X-Divergence: because when you draw in the divergence lines an X is formed. Just look at the screenshot below and you can see exactly what I am saying.

The above screenshot shows the X-Divergence formation. This formation is known as regular bearish divergence whereby price is making higher highs but the oscillator is making lower highs. Thus hinting at exhaustion in the up trend with a strong possibility of an impending reversal to the down side to form a down trend: which in this case it did.

This way of trading divergence makes for easy divergence pattern recognition courtesy of the Plombiers - oscillator in the channel. Indicator For MT5. To take it a step further, when trading divergence on any pattern using the Plombiers - oscillator in the channel. Indicator For MT5  , you may actually use the blue and green  curved levels in the Plombiers - oscillator in the channel. Indicator For MT5 as guidelines for setting your stop losses and profit targets.

Conclusion

In my years of trading, I have developed plenty of strategies using indicators that go beyond the ascribed ones within the my trading platform. I feel it is important to have an edge over the herd. Indicators of this nature have given me the edge in most financial trading markets and the Plombiers - oscillator in the channel. Indicator For MT5 is no exception.

The Plombiers - oscillator in the channel. Indicator For MT5 is an extraordinary tool that is very much incorporating into your trading system. Irrespective of whether you are a beginner or an expert; I am certain of the notion that value will be realised in terms of understanding and pips.

As always, back test as best as you can until you are confident and satisfied of the indicator's potency to give you consistent profit in your trades.

Arc Indicator for MT5

 

The Fibonacci ARC Forex price action indicator generates the best dynamic support and resistance levels on the MT5 trading chart.

Why use it?

• It shows you potential areas of support and resistance.
• It’s a great price action indicator for trade entry and exit.

For instance:

You could exit a buy trade near Fibonacci ARC resistance or enter a buy trade near ARC support when the overall trend is up.

You could exit a sell trade near Fibonacci ARC support or enter a sell trade near ARC resistance when the overall trend is down.

Deploy the Fibonacci ARC Forex price action indicator on any currency pair, stocks, indices, Gold,…

Fibonacci ARC Forex Indicator Chart

Here’s an example of how the indicator should look like when loaded onto the Metatrader 5 chart.

You can apply the indicator to any currency pair and time frame of your preference.

Finding Buy and Sell Triggers With Fibonacci ARC Forex Technical Analysis Chart Indicator

Below is an example of how to buy and sell currency pairs with this Forex indicator:

Buy Trigger: Open buy trade near Fibonacci ARC price action support when the overall trend is up.

Place stop loss 3 pips below support, or use your own stop loss placement method.

Exit the buy trade near Fibonacci ARC price action resistance or use your own take profit strategy.

Sell Trigger: Open sell trade near Fibonacci ARC resistance when the overall trend is down.

Place stop loss 3 pips above resistance, or use your own stop loss placement method.

Exit the sell trade near Fibonacci ARC support or use your own take profit strategy.

Adjustable Parameters

colors, width, style.

Usage

The indicator can be used as a stand-alone signals indicator.

It can also be combined with:

• Trading oscillators (MACD, Stochastic, RSI,…)
• Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
• Price action methods and techniques

More Info About This Indicator

Tradable Currency pairs: Any

Trading Platform: MT5

Time frames: M1, M5, M15, M30, H1, H4, D1, W1

Indicator Type: dynamic support and resistance

Installation

Copy and paste the indicator in the MT5 indicators data folder.

Then restart the MT5 terminal and attach it to any chart.