Hello Everyone! well i spent long time to find out nice autofibonacci out of houndreds.I finally found 1 indicator that has much accurecy when it draws very fast and sensetive. The thing is the lines of fibonacci looks little messy after using it with RN and more horizantal levels in charts. so...
Long trades filter :Low of ma5 on daily time frames will be above ma5 for longs and high of candle will be is below ma5 for shorts. MA 10 can also be used.
hourly charts
1 hr time frame :move to higher time frame daily or weekly
1 Trades or 2 good trades a week is enough
check...
This is not forex market, it's another kind of market , more volatile and with big price's swings and gaps and much less liquidity. But the TA is the same with the same indicators (MACD, ONbalanceVolume, Stochastic)
I don't understand this chart: as you can see at the big...
Hi there
I am after an indicator that can sum volume (or rather ticks) between two vertical lines and give a sum value on the screen that changes as you move the lines. Often the volume across a top or a bottom can be significant but difficult/ time consuming to compare/sum in time before a...
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Sorry I wanted to ask community if the find better to use MFI or RSI
MFI is calculated considering price AND also volume. SO could it be better compared to RSI?
Andrei Novichkov wrote a pretty good article the other day for the mql5 forum, Working with currency baskets in the Forex market......
that sort of trading has always appealed to me..... his words were well chosen, such as in the title, Working with currency baskets..... it is work.... a...
The MT4 build 971 released today is just a hotfix for one bug only:
Indicator lines with clrNone were changed to clrBlack after the platform's restart.
Now the color should remain clrNone where needed.
Download MT4 Build 971 by starting your terminal. The official post about this build is...
The common ones that i personally like to use and that are useful in identifying and follow a trend are Moving Averages, Parabolic SAR, Bollinger bands and ADX.
Hello Earn Forex Community
We are completing development of our UNX indicator this week.
Its a chart projecting indicator (it projects 2 market moves ahead) ,and its calculation
consists of comparing the 2 latest candle values with the most recent price action...
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I started IndicatorAlley.com not long ago with the intention of it becoming a leading database site for trading indicators for NinjaTrader, TradeStation, Metatrader and other platforms.
Since starting it I have realized I have bitten off more than I can chew and simply do not have time for...
First usable MetaTrader 5 beta came out back in October 2009, so it will be two years soon. Still almost no Forex brokers offer real accounts in MT5, nevertheless many traders use MetaTrader 5 platform, develop EAs and indicators and discuss it.
I use primarily for new Forex systems testing...
Maybe "hatred" is a too strong word here, but the updates of the MQL5 language that they are releasing with new MetaTrader 5 builds is messing up with the code quite frequently.
In the latest build (408) they made the following change:
That means that your indicators that use various...
1. Oscillator as Indicator: In most cases, an oscillator is shown or indicated as an Indicator.
2. How Does Technical Indicator Work?
It is an accumulation of series of Price data points of a security. A Price Data is nothing but an amalgamation of high, low, close or open in a span of time...
There are basically two types of trading environments in the currency trading market like other markets. These are a Trend and a Range. A trend is simply a move in price in one direction and a range is an oscillation in price between two broad levels. Unlike stocks, currencies tend to follow...
I've made a post on my blog featuring Indicator Tutorial for MetaTrader 5. Read it if you have problems installing MT5 indicators. You can also discuss this tutorial here.
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