It identifies both bullish and bearish divergences. This brings us to our next lesson:
Benefits of Trading with our BO Indicator:
Even a newbie can use it to make great and reliable trades. For best results, get my other premium indicators for more powerful and reliable signals. Fast Scalping Oscillator is created for professional trading by currency strength with some mathematical equations. Works with all charts and all time frames. How to use Enter when the new sign appears Do not wait for the opposite signal to appear.. Parameters section 1 mode: The indicator displays the probable support and resistance levels.
Trends - the mode for displaying trend lines or horizontal lines of support and resistance Yes - display trend lines only No - display horizontal lines only UseResource - use the resources built into the indicator. Yes - use the ZigZag indicator from the resources of the product. No - use a custom ZigZag indicator. HistoryBar - the number of bars in history for displaying the levels.
This indicator will detect harmonic patterns that are drawn on the chart by manual and automatic methods. You can see user manual from this link: You can buy the full version from: You can minimize it to have more space on chart. Advanced Stochastic Scalper Free is a professional indicator based on the popular Stochastic Oscillator.
This product is an oscillator with dynamic overbought and oversold levels, while in the standard Stochastic Oscillator, these levels are static and do not change. This allows Advanced Stochastic Scalper Free to adapt to the ever-changing market.
When a buy or a sell signal appears, an arrow is drawn on the chart and an alert is triggered allowing you to open a position in a timely manner an. This indicator shows the time before the new bar or candle opens.
The pattern is plotted by the extreme values of the ZigZag indicator included in the resources, does not require additional installation. The indicator highlights not only the complete figure, but also the time of its formation. During the formation the.
It draws trendlines by extreme points determined using the standard Fractals indicator. Unlike TrendLineD, this indicator draws two lines: It can display a trendline of a higher timeframe set in the TimeFrame parameter. The line color and width are set in input parameters. The indicator can also generate an Alert and send an e-mail parameters EnableAlert, EnableEmail, EnableSound when a price bar crosses the t. The indicator automatically identifies the pattern on the chart.
The indicator is able to monitor the formation of pattern in real time. It informs the trader when the pattern is completely formed when the price breaks the line in point 2 and displays the completed patterns in history. The patterns are never redrawn. The indicator can identify patterns on any instruments currency pairs, stock market, gold, etc. The indicator trades during horizontal channel breakthroughs.
It searches for prices exceeding extreme points and defines targets using Fibo levels. The indicator allows you to create a horizontal channel between the necessary extreme points in visual mode quickly and easily. It automatically applies Fibo levels to these extreme points if the appropriate option is enabled in the settings.
Breakout Box uses the opening range, e. The EasyTrend is a seemingly simple but quite powerful trend indicator. Everyone has probably come across indicators or Expert Advisors that contain numerous input parameters that are difficult to understand.
Here you will not see dozens of input parameters, the purpose of which is only clear to the developer. Instead, an artificial neural network handles the configuration of the parameters. Input Parameters Alert — if set to true, enables sending audible and text notifications when the tr. A professional version of this indicator is available here. Features An easy to use Panel that shows the Heiken Ashi trend of selected timeframe.
The panel can be moved to any place on the chart or minimized to allow more space. Heikin means "the average", and Ash. Magic Candles FREE is a new unique product that allows identifying the current market phase uptrend, downtrend or flat.
This indicator paints bars in different colors depending on the current state of the market and signals the user about trend changes with alerts.
Unlimited version can be purchased here: Universal Heiken Ashi is an indicator that calculates Heiken Ashi candles with different smoothing methods. Indicator settings Profile - predefined profile: HA - Standard Heiken Ashi. Custom - Custom settings. MAType - first smoothing Moving Average type. MAPeriod - period of first Moving Average. MAType2 - second Moving Average. With this system you can spot high-probability trades in direction of strong trends.
You can profit from stop hunt moves initiated by the smart money! Important Information How you can maximize the potential of the scanner, please read here: The full version of the indicator can be found her.
Color Levels is a convenient tool for traders using a Trendline and a Rectangle in their technical analysis. It allows setting two empty rectangles, three filled ones, and two tredlines. The indicator parameters are very simple and divided into numbered blocks: The ones beginning with 1 and 2 - empty rectangle frame parameters; 3, 4, and 5 - filled rectangle parameters; 6 and 7 - trendline parameters.
Simply click a desired object and it will appear in the upper left corner. The ZUP is based on two ideas. Idea 1 - combine a variety of methods for identifying extremums minimums and maximums on the market price charts in a single indicator. Idea 2 - make it possible to easily bind various graphical tools, which allow to analyze the market behavior, to the identified extremums. To implement the first idea, the following has been made in the indicator. Included multiple ZigZag algorithms.
The basis of this algorithm is taken from th. MA Crossover Arrows is a simple indicator that draws arrows and alerts when two moving averages crossover. When the fast moving average crosses below the slow moving aver. This indicator is designed to detect high probability reversal patterns: This is the FREE version of the indicator: Advanced ideas of the popular MACD indicator: It detects and displays classic and reverse divergences two methods of detecting divergences.
It uses different color to highlight an uptrend and a downtrend. Two methods of determining a trend: This is a multi-timeframe indicator: Two methods of drawing: The indicator looks for buying and selling zones, where a deal can be opened with a minimal stop loss and a better Risk Reward Ratio. The full version of the indicator can be purchased here - https: Market Insider is an excellent indicator for scalping the trend and also trading market breakouts and reversals.
The green trend line and green bars indicates an uptrend and the red trend line and red bars indicates a downtrend. An intensive price breakout of some of the trend lines indicates a market breakout and a potential new opposite trend.
In choppy-range behaving market and in low liquidity conditions the breakout si. The indicator draws a daily candle on charts having timeframes less than D1. It also shows the sizes of upper and lower shadows, body and the entire candle in points. The product is fast, works in real time, optimized for quotes having 4 and 5 decimal places and can be used in the strategy tester. Shift - shift from the chart's edge in bars. This is an implementation of the well known SuperTrend Indicator.
With this indicator you can see exactly the same values which will be alerted by the following SuperTrend Scanners: Can be used on any currency pairs. Not tested on Gold, Silver, and binary options. Best timeframe is H1 This is an efficient tool for both novice and experienced traders.
Signal The indicators gives the following 2 specific zones High Zone - the green rectangle in the chart. If the candlestick closes inside the green rectangle, the price may bounce back and forth inside it until it breaks the re. The ability to see which way the market is heading instantly. This is a must for all trend traders. Works on all time frames. The indicator plots a trend channel using the technique by Gilbert Raff.
The channel axis is a first-order regression. The upper and lower lines show the maximum distance the Close line had moved away from the axis line. Therefore, the upper and lower lines can be considered as resistance and support lines, respectively. As a rule, most movements of the price occur within a channel, going beyond the support or resistance line only for a short time.
If the price remains outside the channel long. Simple and useful indicator. Pivot Points are used to project potential support and resistance levels. The main time periods used are daily, weekly, and monthly pivots. The formula for the daily pivot point is shown below: CCI measures current price level relative to an average price level over a given period of time.
CCI is high when prices are above the average price, and low when the prices are. The fractal consists of a two sets of arrows - up upper fractals and down lower fractals. Each fractal satisfies the following conditions: Upper fractal - maximum high of a signal bar exceeds or is equal to maximums of all bars from the range to the left and to the right; Lower fractal - minimum low of a signal bar is less or equal to minimums of all bars from the range to the left and to the right.
Chart Projection started as a simple small indicator that used zigzag to project 2 levels the price was probably going to reach. With the update a new algorithm has been introduced which does not rely on the ZigZag, thus avoiding repaints and providing solid calculation data in order to get to the price forecast.
The Relative Strength Index RSI is a well known momentum oscillator that measures the speed and change of price movements, developed by J.
Features Find overbought and oversold situations. The indicator is non-repainting. FX Trend free displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long they last and how powerful they are. All this makes it an easy-to-use trend trading system for beginners, advanced and professional traders.
This indicator shows the latest untouched support and resistance as horizontal lines. With this indicator you can e. Stochastic signal, moving averages and MACD in one indicator. The indicator also shows the current price, the spread of the broker, the amount of pips of the day, the day volume periods, buying and selling volumes.
Good for scalpingstrategy on M5, M15 charts. It uses the difference between the Open price and the current price of the current candle of each timeframe. Works on any chart. Works on any period and needs just one candle. Does not provide entry signals, it just displays the indicative information for your consideration.
This is a very simple but also very useful indicator. In combination with other tools, it. This indicator is a market analysis method based on the "Mathematical formula for market predictions" article written by W. Gann depending on square of nine and square of methods. The DeM indicator is composed of a single fluctuating curve.
Traders will occasionally add an exponential moving average, as above in red, to enhance the value of the trading signals. The DeMarker indicator tends to pick major bottoms better than tops. A shorter period setting will create a more sensitive indicator, but will also increase choppiness and the potential for increased false signals. The next article in this series on the DeMarker indicator will discuss how this oscillator is used in forex trading and how to read the various graphical signals that are generated.
Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit.
The high degree of leverage can work against you as well as for you. Brought to you by: Was this article helpful?