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Tools
Position Sizer
Calculate risk-based position size directly in your MetaTrader platform and execute a trade in one click or a press of a button.Education
What Is Forex
Learn what Forex is and how it works from this simple explanation.Indicators
Supertrend
Download the Supertrend indicator for MT4 and MT5 to detect trend changes based on the price action.Tools
Position Size Calculator
Calculate your position size based on risk, stop-loss, account size, and the currencies involved. A simple online calculator for quick results.Oscillator Indicators
Oscillator indicators are indicators whose values oscillate in some range or based on some starting value. Usually, they display their output in a separate chart window as a fluctuating line or histogram, or in the chart's main window as a panel of values (in case of an MTF oscillator indicator). Oscillators can serve different purposes, but usually they indicate whether the price is too high (overbought) or too low (oversold).
Most oscillator indicators can be called leading indicators as they anticipate a change in the current price direction.
All the custom oscillator indicators below are free of charge. Moreover, they are open-source, which lets you modify them as you prefer and build other tools based on them.
RSI Multi-Timeframe ver. 1.04, 2024-08-16
A multi-timeframe Relative Strength Index (RSI) indicator.
Why use custom oscillator indicators?
- Oscillators support multiple trading styles, including level crossing, overbought/oversold reversals, and divergences.
- Some of the oscillator indicators listed above provide convenient panels with multi-timeframe support.
- You can enable alerts on most of these indicators to get notified when the oscillator crosses a certain level.
- Together with trend indicators, these custom oscillator indicators can serve as a basis for for a custom automated trading strategies.
