Trend indicator – only one trade a day

 

It generated a total profit of $30,, or %. Over 5 years, that gives us an average of just over 6% per year! Surprisingly, the rest of the technical indicators were a lot less profitable, with the Stochastic indicator showing a return of negative %.

The indicator is non-repainting. It identifies both bullish and bearish divergences. So that I may see if a cluster appears eg.

Forex Trend Indicators

Oct 06,  · Update Oct, 05 The indicator performance is improved and additional features are provided for in-strategies and in-signal usage. The indicator is a port of Metatrader TrendLord indicator.

However, no matter what moving-average combination you choose to use, there will be whipsaws. The advantage of this combination is that it will react more quickly to changes in price trends than the previous pair. Many investors will proclaim a particular combination to be the best, but the reality is, there is no "best" moving average combination. In the end, forex traders will benefit most by deciding what combination or combinations fits best with their time frames.

From there, the trend — as shown by these indicators — should be used to tell traders if they should trade long or trade short; it should not be relied on to time entries and exits. For additional information, check out " Forex: Now we have a trend-following tool to tell us whether the major trend of a given currency pair is up or down.

But how reliable is that indicator? As mentioned earlier, trend-following tools are prone to being whipsawed. So it would be nice to have a way to gauge whether the current trend-following indicator is correct or not. For this, we will employ a trend-confirmation tool. Much like a trend-following tool, a trend-confirmation tool may or may not be intended to generate specific buy and sell signals.

Instead, we are looking to see if the trend-following tool and the trend-confirmation tool agree. In essence, if both the trend-following tool and the trend-confirmation tool are bullish , then a trader can more confidently consider taking a long trade in the currency pair in question. Likewise, if both are bearish , then the trader can focus on finding an opportunity to sell short the pair in question.

One of the most popular — and useful — trend confirmation tools is known as the moving average convergence divergence MACD. This indicator first measures the difference between two exponentially smoothed moving averages. This difference is then smoothed and compared to a moving average of its own.

When the current smoothed average is above its own moving average, then the histogram at the bottom of Figure 3 is positive and an uptrend is confirmed.

On the flip side, when the current smoothed average is below its moving average, then the histogram at the bottom of Figure 3 is negative and a downtrend is confirmed. In essence, when the trend-following moving average combination is bearish short-term average below long-term average and the MACD histogram is negative, then we have a confirmed downtrend. When both are positive, then we have a confirmed uptrend. At the bottom of Figure 4 we see another trend-confirmation tool that might be considered in addition to or in place of MACD.

It is the rate of change indicator ROC. As displayed in Figure 4, the red line measures today's closing price divided by the closing price 28 trading days ago. The blue line represents a day moving average of the daily ROC readings. Here, if the red line is above the blue line, then the ROC is confirming an uptrend. If the red line is below the blue line, then we have a confirmed downtrend. After opting to follow the direction of the major trend, a trader must decide whether he or she is more comfortable jumping in as soon as a clear trend is established or after a pullback occurs.

In other words, if the trend is determined to be bullish, the choice becomes whether to buy into strength or buy into weakness. If you decide to get in as quickly as possible, you can consider entering a trade as soon as an uptrend or downtrend is confirmed.

On the other hand, you could wait for a pullback within the larger overall primary trend in the hope that this offers a lower risk opportunity. There are many indicators that can fit this bill. However, one that is useful from a trading standpoint is the three-day relative strength index , or three-day RSI for short. This indicator calculates the cumulative sum of up days and down days over the window period and calculates a value that can range from zero to If all of the price action is to the upside, the indicator will approach ; if all of the price action is to the downside, then the indicator will approach zero.

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: 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. 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: 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: 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. 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 indicator detects and displays Shark harmonic pattern see the screenshot. After detecting the pattern, the indicator notifies of that by a pop-up window, a mobile notification and an email. The indicator highlights the process of the pattern formation and not just the complete pattern.

In the former case, it is displayed in the contour triangles. After the pattern is comple. The indicator identifies when a divergence occurs between price and an oscillator. It identifies both bullish and bearish divergences. Please check out my other divergence products: Only one oscillator can be selected per chart. Draws solid lines for r. Optimal for Binary Options and Forex. For beginners and intermediates. The strategy is based on 4 ADX parameters, including pivot points and candle patterns.

It is recommendable to combine the arrow with an moving average, Elliot waves indicator or Parabolic SAR. Add your favorite trend indicator and combine it with the arrow. Pivot Point Reversal x2 indicator shows entry and exit points based on candle patterns. The indicator consists of: There are data buffers making it possible to use the indicator within EAs.

First, the indicator looks for reversal patterns consisting of candles. Trading based on candlestick patterns is one of the popular price action methods. This free version of the indicator automatically recognizes seven popular bullish and bearish patterns to trade. The indicator implements a filter to eliminate a set of non-promising patterns. You can select which patterns to be recognized by the indicator. Here is the list of the patterns: This indicator shows the relative strength of 8 major currencies: The strength value is normalized to the range The value above 60 means strong.

The value below 40 means weak. The corresponding EA is available: BarsToCalculate - Number of bars to calculate. The XLV Moving Average Color Indicator uses exactly the same data as the standard moving average of MetaTrader, it automatically change the color line as the direction of it. The indicator has a parameter with the alert function that is thrown to the color change, thus helping the trader to identify new trends of the market.

In lateral movements the indicator repaints in next bar Input Settings Period - Moving Average period for calculation; Method - Moving Average method;. This product is an oscillator with dynamic overbought and oversold levels, while in the standard RSI, these levels are static and do not change.

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 and avoid sitti.

Dashboard Panel multi symbol version for this indicator is available here. The indicator detects and displays Cypher harmonic pattern also known as Anti-Butterfly see the screenshot.

In the former case, it is displayed in the contour triangle. Having to check constantly if your RSI has reached a specific level can be tedious and draining at times, especially if you have to monitor different asset classes at a time. The Alert RSI indicator will assist in this task, ensuring that you get the most with little effort. When the RSI values get to a specified level, the alerts will go off, on the chart, on the MT4 phone app or via email You can receive text messages to your phone if you activate texts on your Gmail account.

Daily pivot are relatively important in trading. This indicator have options to select 4 commonly use pivot point calculations. Trading Volume indicator shows the volume of Buying and Selling Trades on the Current Bar Or on average of specific number of last bars as you want. Both volumes are shown simultaneously with green and red colors for Buying and Selling Trading Volumes respectively. And a Percentage ratio of both Volumes appears too in same colors.

This is an implementation of the market cycle indicator described by Raghee Horner in the book "Forex Trading for Maximum Profit". The current state of the market can be determined by analyzing the inclination angle of the exponential moving average EMA running on a period of 34 bars.

If the EMA inclination is defined as the direction of the hour hand on the dial from 12 to 2 hours, then an uptrend is considered to be present; from 2 to 4 hours, the market consolidates; from 4 to 6 hours, a d. This indicator scans for yo. The main feature of the "HMA Trend Professional" indicator is the ability to predict the trend reversal with high probability.

The trend reversal forecast is based on the statistical analysis of history data. The indicator plots statistical diagrams which can be used by traders to see the current phase of the market impulse or correction, the beginning, middle or end of the movement and evaluate the probability of a reversal.

FX Power is the first real-time currency strength meter with a real-time histogram. The Shooting Stars indicator is designed to search for the Shooting Star and Hanging Man patterns on charts of any currency pairs. Features Displays 5 unidirectional candles. This indicator identifies the Shooting Star and Hanging Man patterns. Once a pattern is identified, the indicator shows a confirmation signal. It is possible to disable the alert and unnecessary graphical elements.

It is also possible to adjust the number of bars in history, where the graphical elements o. The Zigzag Support And Resistance is an indicator for showing support and resistance zones based on the ZigZag extremums. Free Technical Indicators for MetaTrader 4. To add a new program, please log in or register. Popular Last Free Paid. Omega Trend Indicator by Lachezar Krastev. Advanced Currency Meter by Nesimeye Oswald.

Free automatic fibonacci by Tonny Obare. Show Pips by Roman Podpora. Harmonic Butterfly by Sergey Deev. Support and resistance levels by Alexandr Bryzgalov. Time bar by Vasilii Apostolidi. TrendLineFr by Alexey Lopatin. Pattern 1 2 3 demo by Pavel Zamoshnikov. Breakout Box by Claus Dietrich. EasyTrend by Denis Glaz.

Universal Heiken Ashi by Nikolay Churbanov. Color Levels by Roman Podpora. Market Insider by Lachezar Krastev.