Showing posts with label indicators. Show all posts
Showing posts with label indicators. Show all posts

Saturday, October 15, 2011

Market Way Indicator

Market Way Indicatoris literally translated as "Market Road" and this name is no coincidence indicator, because it is difficult enough light on the constitution, but it has incorporated all the best features of the most rassprostranenyh oscillators, such as: MACD, Stochastic, etc.

This indicator is well defined ascending and descending trends in terms overbought and oversold market, as well in this indicator is a built-in filtering false alarms, such as filter signals "moving average", which signals are very accurate, but among them there are a lot of false.

The work of this indicator is to analyze the opening and closing prices over a specified period of time, the one the user chooses. In this bull bars are added separately and apart - bear. To this is added the average over the same period.

Indicators having such a complex structure, are good because they allow only one indicator to build an entire trading system, so these indicators are very practical and does not clutter up the price chart, while they include all the advantages of many other indicators, as well as filtering their shortcomings, namely false alarms.


Indicator parameters:

IdMain - the main indicator line;
IdBull - bullish line;
IdBear - Bear line;
IdArray - smoothing of lines.
Description of parameters:

the main indicator line " IdMain "drawn on the chart points, it is better if it will always be between bullish and bearish lines, so try to trim settings accordingly;

bullish line " IdBull "better do bear an equal value of the line and the main;

bear line " IdBear "better to do an equal value of the line and primary bovine;

The values ​​of all parameters of the indicator is recommended to set equal to or multiples of 12, as well as desirable to the numbers that are divisible by both 3 and 4. The minimum value of - 12, maximum - 108.

The use of trade:

Open up a deal to buy when the main line rises above its smoother lines (when the points are above the orange line) and that is above the zero level, the yellow line is above zero and the bulls too histogram is above zero. For sale all the signals the other way around, but instead of the yellow line is below zero should be pink line is the bears. Closing of the transaction occurs when the reverse signal, so we will always in the market.


FanSimple84MEn Indicator

FanSimple84MEn Indicator shows the behavior of the three "moving average" in all 8 time frames. The arrow indicates the top of the fact that the trend is up and the line "moving average" is also directed upwards, on a downward trend arrow is pointing down. A rhombus patch of gray indicates a flat market.

This indicator draws not only the arrows and diamonds in the upper right corner of the chart, but also shows the three "moving averages" which is calculated indicator, so that the trader was able to visually evaluate the testimony itself three lines on the schedule to the analytical result was as effective as possible
Of course, the chart this indicator is a replica of the classic "moving average" but the method of calculation for this indicator is still different from the standard indicator and therefore may be useful for trading on the graph of any instrument and any time frame.

Indicator parameters:

parameters of the indicator are identical to each other, so I will describe everything at once;


period_a (b, c, a, b) - the periods of "moving average" to calculate the indicator.

In constructing the indicator line, the periods of "moving averages" within its parameters are summarized, but there is not a simple addition of numbers, but on a certain formula. As a result, calculation of the indicator is reduced approximately to the average among all the periods specified in the parameters.

And of course in this indicator can customize the look of the line itself, as well as its color and thickness.

The use of trade:
since this indicator is fairly simple and is similar to the most popular indicator of the currency market "moving average", then uses this indicator can be found a great many, but the new system, the calculation of the indicator, it is likely that for someone to replace this indicator Standard Moving Average.

Example 1:
If you already have accumulated a trading strategy and it has a "moving average", you can replace it with this indicator, selecting certain parameters, there is a chance to increase the profitability of your existing system and increase the percentage of portfolio returns;

Example 2:
use this indicator with other indicators, because Indicator MA_Ishimoku like Moving Average, it is also a trend, but as many know, the problem of trend indicators is the presence of many false alarms, which is why you should use one or more additional indicators for filtering them, as well as the indicator points to a trend, and an additional indicator of the filter flat, does not hurt;

Prior to using this indicator, you can try different settings. For starters, you can try to frequently-used options for the Moving Average, for example, 5, 10, 14, 20, 50, also can use the Fibonacci numbers.

Calc MT4 Indicator

Calc Indicator how else it could be called "Graphing Calculator" does very good work, it calculates the stop level of profit as well as the level at which the stop-out occurs, for example if a trader does not expose or forget to put a stop loss.

After you have added to the chart, the indicator will automatically draw four horizontal lines, each of which has its own name and for the proper operation of the indicator is better not to remove or rename the data line. Also in the top left corner of the graph, called tradable instrument display additional information on the pending deal, which is calculated automatically according to the levels of horizontal lines. It specifies: the number of lots, the size of the expected profit in points and percentage of the current deposit rate of the initial stop-loss in points and percentage, as the current deposit, the starting margin required for a transaction of this scope and size of the shoulder, ie . attitude of a trader to credit granted broker, this figure depends on each broker individually and on the settings of your trading account in your personal account.


Indicator parameters:
calc_lots - transaction volume (number of lots);
comission - Commission for the opening of the transaction;
stock_in_lot - the number of shares in one lot (when trading CFD).
Line with the names: PROFIT, OPEN and STOP the user can move as he pleases, thus indicating the anticipated level of input, the level of the initial stop and the desired level of take-profit is all that is needed to calculate the indicator. But on the chart there is also a fourth horizontal level, then it just shows the level at which the stop-out will occur after the opening of the transaction, this level is called STOPOUT and can not move, the light will do it for you.

The use of trade:
This indicator is excellent for those who are hard to treat and calculates the risk of each transaction prior to its opening in order to compare the size of the deposit and the perceived risk as a percentage. It helps to choose the size of the lot before the opening of the transaction, see the risk and profit as a percentage of the current deposit and to calculate the margin. Such data will be useful for any trader, as the calculation of all the settings manually for a long time and is inconvenient, especially if the size of the deposit is not a round number.

MVV Linear Regression Indicator

MVV Linear Regression indicator uses in his work a standard linear regression channel and support and resistance levels. As well as indicating the price tags, which are strong support and resistance at breaking through the channel in one direction or another.

After adding the indicator on the chart, he immediately draws the Linear Regression Channel and displays the label for important price levels. The channel width depends on how far back it was built. After construction of the canal its beginning, the maximum or minimum is always fixed, and the end of the channel is constantly redrawn with each new maximum or minimum. If, after five new candles (bars) extreme graphics are not updated, the display draws a new price tag, which is the goal at a penetration of the channel.


Indicator parameters:
_FixedDateTime - Date and time for the start of construction of the channel;
STOP_Color - color price tags;
_TrendLineColor - Color channel lines;
LR_WIDTH - line width of the channel.
For starters, the indicator works properly it needs to be configured. The most important parameter setting is " _FixedDateTime ", because the further back in time to the date of this parameter, the wider the channel, and the more important it will be at the cost breakdown of the channel or rebound from it.

The use of trade:
The simplest application of this indicator to trade, namely the linear regression channel, is no different from trading on any other channel configuration. Opening of transactions can be carried out in the breakdown of boundaries, and at otboe from it.

Example 1:
construct a channel desired value for this parameter using the " _FixedDateTime ", changing it to suit your needs. Then wait for when the price approaches the boundary of a channel, it will strike or discourage. At the border otboe goal for profit-taking may serve as the opposite border, for an aggressive trade and the midline channel, for a quiet, conservative trade. In the breakdown of boundaries, the goal is always a price tag indicator, but for more aggressive traders, the price tag may serve to add to the level of the position.

Example 2:
add a few indicators MVV Linear Regression, each of whom will have their bandwidth and their price tags, after the breakdown of a boundary can be roughly calculated the profit target, depending on the importance of the channel, because the wider the channel, the more important it the border.

DRP2 MT4 indicator

DRP2 indicator refers to the type of leading indicators and in their calculations of the band is trying to predict future prices, besides the work of the indicator can be easily viewed on the story.
On the chart this indicator draws rectangles, slightly to the right of the candle (bar), the data rectangles indicate the price range of the next bar (bar). The idea for building this forex indicator, and methods of calculation are taken from the book by Thomas R. DeMark: "Technical Analysis - a new science," however, in his book, Demark encourages the use he had developed a method for calculating the daily ranges of graphs, but since in these calculations only used one last candle (bar), this method can be easily applied to other time periods.
Indicator parameters:

colir - color rectangles indicator;
barsToProcess - the number of bars to calculate the story.
the greater the parameter "barsToProcess" , the deeper into the story to be figured out in the indicator. This option is useful for those who plan to use an indicator for their trade or to build your trading system, because before each use forex indicator, you must view the behavior of this indicator on the story to reveal, so to speak, all the strengths and weaknesses of the indicator , which in turn will facilitate its testing in real-time demo account.


The use of trade:

because this indicator does not provide signals the opening of the transaction, the initial stop or the closing of the transaction, it is logical to assume that this indicator should be used in conjunction with other forex indicators, and use it more as confirming signals from other indicators, not as the main of them .

When using this indicator, it is possible though not exactly, but still are more likely to predict future price ranges, and on the basis of these data, draw appropriate conclusions. For example, if you open a transaction for the purchase, and price ranges indicator shows that the price is likely to set back very strongly, that is down, it could be a signal to the closure or partial closure position, in order not to lose already earned income and reduce risks that trade is very important. Just for this indicator can be added to the open position in order to maximize future profits with minimal risk.


Bear Naked Pattern Indicator

Bear Naked Pattern MT4 Indicatorpoints to the plot points of entry and exit from the market, this indicator is suitable for those who trade on the principle of "always in the market."

On the chart the indicator looks simple enough, it is only in the form of patterns of red and blue arrows indicate the best time for the trader to trade, but in order to calculate the data points on the chart, the indicator must be applied for calculation methods for calculating the other indicators. These indicators are included in standard delivery to any terminal MetaTrader4 and called: Moving Average , CCI , Bollinger Bands , but the indicator Bear Naked Pattern , recent indicators are to be installed.

In order to signal appeared on the chart to buy or sell, the indicator looks intersection point indicator Moving Average and CCI , but the data points of intersection must coincide with the moment when the price crosses the lowest or highest values ​​of the Bollinger Bands. When all these conditions are identical, the indicator is above or below depicts a candle (bar), the red or the blue arrow that points to the candle (bar), after the closure of which is to open the deal.



Indicator parameters:
CCI_Periodo - period indicator CCI;
NivelCCI_MIN - the lower level of CCI;
NivelCCI_MAX - the upper level of CCI;
MM_Periodo - period indicator Moving Average;
BB_Periodo - period indicator Bollinger Bands;
BB_Desvio - shift indicator Bollinger Bands.
Also in this indicator is the ability to customize the color of the arrows and their size.

The use of trade:
This indicator is designed to keep the testimony of several indicators of the signal-to-one and in this case, this signal is the arrow on the chart, which indicates the entry point.

One of the principles of trade for this indicator is a type of trade under the name "always in the market." This type of trading is characterized by the fact that at any given time, a trader sells under the scheme, there is always an open transaction or transactions and these transactions are closed, when receiving a signal from the indicator in the opposite direction, thus opening up new deals in a new direction. In this case, the system will be very simple, because other signals indicator does not give.

In order to make their trade more system should be to this indicator is to add one or more indicators in order to have the point of initial stops, trailing stops and adding to the position.

Azzx Intraday Bar Range MT4 Indicator

Azzx Intraday Bar Range MT4 Indicatorcalculates the average range for intraday bars for a certain period of time.
The work of this indicator is very simple, he expects movement ranges of prices for intraday candles (bars) for a certain period of time, and then calculates their average and draws it in the histogram below the graph directly in the indicator window. In order to display work best, you should choose to schedule a time frame as possible, it is better if the time frame will be less time, simply because the indicator Azzx Intraday Bar Range works better and it shows the best signals for the lowest possible time periods.
Indicator parameters:
PERIOD - the number of candles used to calculate the average range;
HISTORY_DEPTH - the number of bars in history, which is calculated indicator.

Description of parameters:
in the parameter «PERIOD» default is the number "480" , this number corresponds to the number of bars in a week time frame for the time;
than "weaker" than your computer, the less need to put a number in the parameter "HISTORY_DEPTH" , because the calculation of the indicator may be delayed for a long time, which in turn can cause a crash as of the trading platform, so the computer as a whole. In addition, by putting the number "0" , the indicator should be calculated for all the existing stories.


The use of trade:
on the chart, the indicator behaves in the following way: When the market starts to flat or "corridor", histogram display is reduced and takes values ​​close to the minimum, and when the price starts to move in one direction or another, the bar graph display rises and reaches its peak near the end or trend reversal, so that trade on this indicator can be divided into three types:

Example 1:
when the histogram is reduced accordingly begins flat, we are putting an order to buy higher prices and an order to sell below cost. The initial stop-loss may be the opposite order.

Example 2:
We look forward to when the histogram indicator will drop, and once it starts to rise, open trade in the direction of current trends, and hold the transaction until the histogram starts to decrease again.

Example 3:
everything is on the contrary, we expect to draw a histogram when its highest value during the period, and the higher the better, this behavior is an indicator often indicates the extremes of the market, so in this example we will trade on the spread.

Wednesday, October 12, 2011

iBeta Indicator

iBeta Indicator represents the number of indicators in the same, ie, the same indicator can be operated in different modes that the user chooses, it may be, for example, correlation or covariance of the two characters.
In fact, the number of modes the indicator is not 2, 4, and they sound like: covariance , beta symbol 1 , symbol 2 beta and correlation . In this case, under the phrases "symbol 1" and "character 2" refers to the name of currency instruments, which tells the user in the settings of this indicator.

But the work of this indicator is not limited just with 4 modes, the calculations of these modes can be done in different ways, namely relying on a different value for money. First, the calculation can be performed directly at a price that will tell the user, but the price may be selected from 7-proposed, namely: Close , Open , High , Low , Median , Typical and Weighted .

Second, the calculation can be done not by the very price and the value of the ROC and ROC% . ROC - the difference between the present and the past value prices, and ROC% - a ratio of the difference of present and past values ​​of prices to past value for money. Thus, this indicator allows any user to get from this indicator is exactly what the user wanted to originally, because the breadth of options allows anyone to configure this indicator is for yourself and for your needs.


An indicator:
Periods - the number of bars (candles) for the calculations;
Symbol1 - name of the first foreign exchange instrument;
Symbol2 - name of the second monetary instrument;
Mode1 - mode indicator and calculations:
0 - covariance
1 - beta symbol 1,
2 - beta symbol 2
3 - correlation;
Price - the price at which calculated the remaining parameters of the indicator:
0 - Close,
1 - Open,
2 - High,
3 - Low,
4 - Median,
5 - Typical,
6 - Weighted;
Mode2 - values ​​that are used to calculate the indicator:
0 - for a price
1 - ROC value of the price
2 - the value of ROC% of the price.

The use of the trade:
trade can be used with such a good thing as correlation, because a good correlation with the movement of one can predict currency movements on the basis of an instrument of another at the same time frame and in more than half of cases, these "predictions" come true, which in turn increases the effectiveness of any trading system.
Well as any trader will be able to find their patterns in the indicators and graphs based on them and build your profitable trading system.

Azzx Larry Indicator

Azzx Larry Indicator draws on the graph point extrema algorithm which proposed by Larry Williams and described it in his book: "Long-Term Secrets short-term trading.
For those who do not read the book by Larry Williams, this article will fully explain the principle of these extremes can be very problematic, if short, the extremes of Larry Williams with something similar to "Fractals" Bill Williams, as being built on almost the same and the same principle, namely, maxima and minima, which are above and below the adjacent bars, respectively. The difference between the extremes of Larry Williams' and 'fractals', in that "Fractals" are constructed of a minimum of five bars, but extremes may be constructed of 3. But in this method of constructing extremes, there is one caveat, namely, the "inner bar" on the chart that the "inner bar" looks like this:


it is therefore an extreme point is transferred to another bar, these and other nuances of recorded data indicator Azzx Larry .

Indicator parameters:

parameter in only one indicator and it's called «HISTORY_DEPTH» which exhibits the number of bars in history, which will be calculated this indicator, if you put the number "0" , the indicator will calculate the extremes for the entire history of monetary instrument.

The use of trade:

because these extremes are similar to "Fractals" and are built almost on the same principle, then the method of trading in these extremes may be the same as in "Fractals" as described in the books by Bill Williams, ie, the breakdown levels.

To start, we're waiting for the extremum formed in one direction or another, with each point of the indicator, indicating the extreme has its own color. The color of a point depends on the "importance" extreme.

Points with color «Aqua» are the "weak", the input of these signals is associated with a greater risk with the data points on the graph the most.

Extremes of color «Blue» are stronger signals compared with the above, while the graph is much smaller and their breakdown of price levels these extremes is a strong signal to trade.

Most important is the extrema of the graph are indicated the points of color "DeepPink" , these extremes gives a trader the best entry point into the bargain, because entry into the market on these points is associated with minimal risk and maximum possible income. This increases the chance to make it a profitable trade.

Bubble And Drops Indicator

Bubble And Drops Indicator is a type of predictive indicators, ie, an indicator based on its analysis attempts to predict future price movement.
The basis of this indicator fell hypothesis about the waves of vibration damping and then using these elements in the analysis graph can be more likely to predict future price movement based on "experience" of historical data.



In mathematics, the calculations use the formula of the simplest indicator of fade:

F (x) = a / x * sin (x * a) ,

where a - amplitude ;

Amplitude in this case is calculated as the difference between the opening and closing price.

Indicator parameters:
historyDeep - the number of candles (bars) in the story, for which the indicator has been calculated;
future - the number of bars in the future to draw the indicator.

Description of parameters:
parameter «history Deep» responsible not only for the history of graphics, but also for the first bar at which to begin calculation of the indicator. For example, if the parameter is the number "150" , it means that the indicator will report at the end of the story of 150 candles (bars) and in the 150th candle will begin the calculation of waves from the beginning to the end, all the candles behind the 150th will not be taken into account, and the line indicator will be horizontal. The greater the value will be "historyDeep" , the greater the amplitude indicator line;

line, which is responsible for drawing the future movements, there is (by default) in a different color, and setting «future» allows you to set the desired number of bars in the future to predict the indicator, respectively, the larger this parameter, the longer will be "predictive" part of the indicator line.

In this indicator the same way you can adjust the color, type and thickness of any of the indicator lines.

The use of the trade:
as this indicator is independently predict the behavior of prices in the future, the total probability that you can rely on these predictions, adding to this strict money management and setting the lowest percentage of risk in each transaction at the same time to build an entire trading system based on only one indicator.

But experience shows that trade with only one forex indicator is most often not very rational, and sometimes even dangerous to your deposit. Therefore, the author proposes to use one or two supporting forex indicator that will filter the majority of false alarms.


WmiFor indicator

WmiFor indicator of the type predictive indicators, it is based on predicting the future movement based on repetitive patterns from the past.
The graph shows two curves of brown and blue, two types of multidirectional arrows blue and red, gray crosses, as well as the signature with information about the matches found, which in turn greatly increases the possibility to conclude a bargain.
Indicator parameters:



IsTopCorner - display information block in the upper right corner;
ShowEMA - display the current EMA sample;
ShowBest - EMA mapping found a better design;
ShowCloud - EMA mapping of all known specimens of history;
ShowArrows - display boards of trade in the form of arrows and crosses;
Offset - the offset of the initial sample for a specified number of bars in history (this option allows you to study the history of the indicator forecasts in the past, and to assess their reliability);
PastBars - like the size of the sample, which is sought on the chart (from 3 to 100). The larger the sample, the less matches in history;
ForBars - the number of bars in the future to make a prediction which is (3);
IsExactTime - is necessary in order to coincide the time of the samples. For example, if the current pattern ends at 11:00, will be compared with only part of the story, ending in the same way at 11:00. This property is suitable for intraday trading.
SimPercents - the lowest percentage for pattern matching;
PeriodMA - during the "moving average» EMA. It is recommended to take as little as possible;
MinDate - the whole story, which is older than the specified date will be discarded from consideration;
XCorner / YCorner - the displacement of the indicator relative to the text block upper-right corner, along the X and Y, respectively;
FontName / FontSize - font name and size in the information block indicator;
InfoColor - color information display signs at the corner of the chart;
EMAColor - color of the "moving average" of the current sample;
MainColor - color of the "moving average" best of the specimen;
CloudColor - color weighted "moving average" of all known specimens;
ArrowBuyColor - the color of the arrows top;
ArrowSellColor - the color of the down arrow;
ArrowCloseColor - color cross-closure.
The use of trade:
Trade can be used in the signal direction , as well as predictive mechanism itself.

Psevdo regress v2 Indicator

Psevdo regress v2 Indicatorhas the prefix "pseudo" because the line that draws the indicator is very similar to the regression line, but actually is not.
The graph drawn three lines of red and yellow flowers. The lines are drawn in red on the lower and upper fractals in an up and down trend, and yellow line is drawn between the two red lines, with the formation of a price channel between the two red lines and yellow lines in the middle, then make decisions about opening and closing positions adopted according to the "channel" strategy, or a breakdown of the channel lines, then choose for themselves what each trader.



indicator:

period - the number of bars (candles) to build the canal;
main_line - color "main" line;
sup_line - color support and resistance lines.
Description of parameters:

the more the option "Period" , the wider the channel will be built, it is necessary so if you're trying to catch the big trends and protracted, and the distance from the bottom to the top of the channel is greatly increased.

Despite the fact that the channel is drawn with red lines, yellow line is still a major in this indicator and therefore when making a decision about opening a particular position, you should pay attention to the direction and angle of the line relative to the price chart of currency tool.

The use of the trade:

as I mentioned at the outset, the tactics of trade along the lines of the indicator, should be either channel type, ie, within the channel, or opening position should be done in the breakdown of this same line, and output price chart of the channel.

Example of the "channel" of trade:

in this example will be used is "channel" tactics. The deal to open this tactic when the price is strictly within the channel, coming to one of its boundaries and "touches" her, the deal opens in the opposite direction, ie, on the rebound from the line, the initial stop is placed a little further this line of the channel would be better if this foot is always the same size up to a point, profit target is in this case, the opposite border of the same channel.

For a more conservative trade half open position should be closed when the price of the yellow indicator line, and at the opening of a position to set the parity, ie, to move our stop loss to breakeven. The remaining half of the warrants closed at the opposite border.

Square 9 Indicator

Square 9 Indicator draws a graph set of horizontal support and resistance lines, which exhibited not only by the maximum or minimum extrema, and are calculated according to certain formulas.

In order to calculate the indicator of certain levels of need in its parameters to set any price it would be better if this price will correspond to some peak or trough, in order to calculate the maximum turned out true. Once the trader said the price of an extremum, will need to specify what levels you need to build, support and resistance , as well as the date from which to start draw the line, it would be better if this date will coincide with a candle (bar) where formed the very extreme trader said at the outset.


Once all parameters are specified, the indicator starts to calculate the levels. In order to calculate them, takes the price specified trader, the price is multiplied by 1000, after which, according to the rules of mathematics, rounding it to an integer, if you suddenly got a fractional number. Further, the resulting number, and root extract of this root subtract an increment, then the resulting number to be squared and divide by 1000. In the end we get a number that corresponds to the price chart indicates the instrument and the price at which one or the other is the horizontal level.

At first glance, these calculations may seem complex enough, but how does all of the above indicator, the user does not need to puzzle over all these formulas and calculations, but in the end we get a great result in the form of graphic levels of support and resistance on the chart for the chosen currency pair .

An indicator:

pric - the price level chosen by the trader;
s - a choice between the levels of support or resistance (if the "-1" , the levels are down, if "1" , the manager sees the top);
time1 - time and date on the chart, which corresponds to the bar, the level of which is specified in parameter "pric" .
The use of the trade:

trade along the lines of this indicator is no different from trading on any other horizontal levels, but before you open a trading position, we first need to determine the order which method you use, ie, to trade on the rebound, or the breakdown level. Initial stop and profit target could be the next level.

Auto Trend Lines Indicator

Auto Trend Lines  Indicator is designed to automatically build the trendlines on the chart of any currency instrument and any time frame.
But the construction of trend lines that, though basic, but not the only task that does this indicator. Another useful property of the indicator Trend Lines Auto - a beeping when the chart price breaks or that the trend line. In addition to the audible warning can be added to the emergence of an information window about the new trading signals and drawing arrows on the chart at the point of occurrence of the signal. These additional properties of the indicator as to facilitate trade traders who trade using trendlines and horizontal levels.


An indicator:

Break - The alarm according to the chosen style of trading:
true - a trend line break,
false - a retreat from the trend line;
Expand - display the second line of the indicator;
UseAlert - the inclusion of the signal at the intersection of costs, the indicator lines;
alertDebug - write messages to the log of the signal;
alertSound - the inclusion of sound;
alertMessage - display info window for a signal;
fileSound - the name of the sound file to play when a signal is applied;
TrendUpName - the name of the lines of support;
TrendDnName - name of the line resistance;
TrendUp - line color support;
TrendDn - color of the line resistance;
otstup - the distance between the signal indicator and the arrow points in the schedule;
ExtDepth - setting the standard indicator ZigZag;
ExtDeviation - setting the standard indicator ZigZag;
ExtBackstep - setting the standard indicator ZigZag.
In order to "force" indicator Trend Lines Auto draw trend lines in another, you need to find the parameters of the indicator section of the configuration indicator ZigZag . Himself, "ZigZag" on the graph is not shown, but its value needs to on its tops and lower classes to build trend lines, so if you make the indicator ZigZag more "slow", then for the construction of trend lines, will be chosen more bars in the history of .

The use of the trade:
trend trading has always been a less risky and more profitable, moreover, it is excellent value for profit and risk, and many practitioners have always advised traders to trade in the direction of the trend, so the transaction should be opened at otboe graphics from the line, and close when the other line.


iPanel Indicator

IPanel Indicator is a table in the upper right corner of the chart, which combines a smaller extent the testimony of 6 indicators, and they do not clutter up the schedule and provide accurate and clear signals to the settlement of transactions in the foreign exchange market.
Like all other "table" indicators, iPanel Indicators transmits signals from the indicators in the form of arrows, the top green arrow indicates that the trend is up, red down arrow - indicates that the trend is downward, as well as an indicator CCI can show oblique direction, for example, If there is a sloping green arrow up, this means that the CCI "against" selling at the moment, and if this indicated downward inclination red arrow, it means that the CCI "against" buying at the moment.
As the table shows, the indicator iPanel Indicators counts once for 6 lights to 6 time frame, so that the trader could clearly see the major and intermediate trends, but because of this indicator is used time frames of M1 to H4 , this indicator is more appropriate for intraday trading.


An indicator:

Corner - the offset table in the corners of the chart:
1 - top, right;
2 - bottom, left;
3 - bottom, right;
4 - upper left;
PercentK - the period of the K line, the indicator Stochastic;
PercentD - time line D, the indicator Stochastic;
Slowing - deceleration parameter, the indicator Stochastic;
RSIP1 - indicator period RSI № 1;
RSIP2 - indicator period RSI № 2;
FastEMA - a period of rapid "moving average" indicator MACD;
SlowEMA - the period of slow "moving average" indicator MACD;
MACDsp - time a simple "moving average" indicator MACD;
shortP1 - during the "moving average», EMA1;
shortP2 - during the "moving average», EMA1;
longP1 - during the "moving average», EMA2;
longP2 - during the "moving average», EMA2.
Last 5 indicator parameters responsible for the appearance of the icon in the table, but since all the icons are selected good and informative, I see no reason to change these values, although it is at the discretion of each user.

The use of the trade:

to build a trading system based on this indicator, you need to start some time to watch him work out what signals it delivers and how well they work out themselves. In addition, we can not forget about the "major" trend, ie, those trends that are present in the upper half frame period, and only his way to open the transaction.


Gann Resistance Indicator

Gann Resistance indicator based on the construction of the "square Gunn," the levels of which are based on the price chart the horizontal lines at some distance from the current commodity price up or down, giving a target prices for opening and closing trading positions..

In theory, Gann square is constructed on the basis of a logarithmic spiral, in this case, an increase of 5 points or 50 points - for five-figure prices. In order to construct a square, take a lower extreme currency pair, and through this point draw two lines, both vertical and horizontal directions, then get some kind of a square divided into four parts, in the end you get a lot of price numbers, the horizontal level at which calculated with an increment of 5 (50) points up or down, depending on the direction of the trend.

An indicator:

tf - selected time frame:
1 - M1
2 - M5
3 - M15,
4 - M30
5 - H1
6 - H4
7 - D1,
8 - W1,
9 - MN;
pip - the number of items price increase, for the construction of price levels in the square.
With parameters should have no problems, since all the necessary description is present in this indicator.

In the archives of the indicators, which you can download at the end of this article contains not one but three indicators is, of course, the indicator Gann Resistance , version 2 and 3 , and an additional indicator to them "ZZ_FF" , the fourth version. The second version of the indicator Gann Resistance , draws the line on the graph of resistance, and a third version, respectively, the support line, but unfortunately both at the same version of the indicator on the chart will not be displayed, so you have to choose which lines are needed at the moment. The only thing we can recommend this course to establish an uptrend resistance line, while descending - support line.

The third indicator is present in the archive "ZZ_FF" , its structure is similar to the standard indicator ZigZag , it is necessary in order to display Gann Resistance was able to correctly calculate the original price, ie the extremum of the market. On the schedule for this indicator «ZZ_FF» install is optional, but it should be in a folder with other custom indicators, if he will also attend on the schedule, the work of the "main" display will not change.

The use of the trade:
levels of this indicator is more suitable for trading on the breakdown of these levels, with a view to the next level, and a stop at the previous year.

Sunday, October 9, 2011

Chaikin Oscillator Indicator

Chaikin Oscillator indicator is essentially a copy of a standard forex indicator MACD, only estimates of this indicator does not apply to the graph of the price currency instrument, but to another standard forex indicator called «Accumulation / Distribution» and «A / D».

But unlike the standard indicator MACD , "moving average" in this indicator have less time and therefore more responsive to changes in price, and each column of the histogram of this indicator is calculated as the difference between three-period and 10-period exponential moving average, applied to the line forex indicator "Accumulation / Distribution" . As well as the standard indicator MACD predict price changes, so does the indicator Chaikin Oscillator indicator predicts the change in the "Accumulation / Distribution" .


Another difference between this indicator of the standard is, of course, the color histogram bars in different colors, all the color and type of lines the user can configure the settings in the indicator.

An indicator:

SlowPeriod - the period of slow "moving average"
FastPeriod - a period of rapid 'moving average'
TypeSmooth - smoothing parameter:
0 - SMA,
1 - EMA,
2 - SSMA,
3 - LWMA.
Color options:

0 - color histogram growing when it is above zero;
1 - color histogram of the incident when it is above zero;
2 - color histogram of the incident when it is below zero;
3 - color histogram growing when it is below zero;
4 - color line, which connects the extremes of the histogram.
The use of the trade:

all SD signals forex indicator MACD applied to the price of foreign exchange tool and indicator signals served Chaikin Oscillator indicator applied to the "Accumulation / Distribution" , but if that fact does not take into account, and watch it on the price chart, we can see that the signals of this indicator is well practiced and on schedule.

Themselves signal indicator Chaikin Oscillator is no different from signal MACD , but the trade should be used only two of the strongest signal, it is certainly a divergence, and crossing the zero line, and in order to display yet provided better results, you should wait until after the divergence of the signal when histogram crosses the zero level and its only open a trading position.

Azzx EMA Volume Indicator

Azzx EMA Volume Indicator is based on the principle of expansion of the tick size, to that which led to an upward trend and one that led to a downward trend.

The graph is displayed at the bottom of this indicator in the indicator window, which are drawn three colored lines, red, blue and green colors. Green line - this is an indicator tick volume, respectively, if the line is growing, and growing tick volume, or vice versa, at low line - just tick volume decreases. The blue line indicator in this case indicates a downward trend, and red - a rising, so is the line that is on top at the moment and is the main and indicates that the trend has changed or is continuing. At the same time increase the amount of teak, also indicates that the trend will continue or even increase with time.
An indicator:

parameter for only one indicator of this "PERIOD" , and less than this setting, the faster the indicator responds to changes in the schedule and take the properties of the oscillator rather than a trend indicator, but if the option to increase, the indicator will react to a prolonged trend, and is suitable for those who trade in the longer term. Also you can customize the colors and type of the indicator lines.


The use of the trade:

using only one signal of the indicator, the trade must be built on his principle of "always in the market" , which means that when the indicator gives a buy signal, we go long, and when a signal in the opposite direction, we close a long position and immediately open a short position, ie, the "upside down" in the other direction, so that at any time in our market will always be one position, so this style of trading and is "always in the market" .

But since trade in the forex market was built only on one indicator is not always rational, so in order to improve its trading system to use two or more indicators, one of which will be Azzx Volume EMA , also this indicator indicates not only the direction current trends, but also can be used as an indicator of volume. Since this indicator is used more as a trend, then the additional indicator is to choose the indicator from the other groups, such as oscillators, such as: MACD , RSI or Stochastic .


PriceSoundTS DinapoliTarget Malay Indicator

PriceSoundTS DinapoliTarget Malay Indicator displays on the chart DiNapoli levels, which were described in the book of the same name of the author D. DiNapoli.

The strategy, based on levels of DiNapoli , the chart gives the exact point of entry into the market, the level of the initial stop, and several targets for profit, and this indicator facilitates the work of the trader, he draws not only the data levels, but also indicates the current number of items from the price to each horizontal level on the chart.



An indicator:
barn - the number of bars for analysis;
Length - the length of the pulse wave (in bars);
Al - on / off sound notification;
targets_Malay - Enable / disable the display of targets on the chart "DinapoliTarget_Malay";
PriceSound_on - on / off mode "PriceSound_on";
Sound_Play - on / off sound;
UniqueName1 - name of the first trend line;
LineColor1 - color of the first line;
LineWidth1 - the first line width;
Sound1 - the name of an audio file of the first trend line;
UniqueName2 - name of the second trend line;
LineColor2 - the color of the second line;
LineWidth2 - the second line width;
Sound2 - the name of an audio file of the second trend line;
UniqueName3 - title of the third trend line;
LineColor3 - the color of the third line;
LineWidth3 - the width of the third line;
Sound3 - the name of the sound file for the third trend line;
UniqueName4 - the name of the fourth line of the trend;
LineColor4 - the fourth line of color;
LineWidth4 - the width of the fourth line;
Sound4 - the name of the sound file to the fourth line of the trend;
UniqueName5 - the name of the fifth line of trend;
LineColor5 - color the fifth line;
LineWidth5 - the width of the fifth line;
Sound5 - the name of the sound file for the fifth trend line;
UniqueName6 - the name of the sixth trend line;
LineColor6 - sixth color line;
LineWidth6 - the width of the sixth line;
Sound6 - name of the sound file for the sixth trend line;
Ind_levels - on / off indication of the levels Fibo extension;
Ind_Bar - the number of bars to indicate the bias points;
DistPips - the distance from the images of points and the corresponding trend line;
FExpansColor_levels - color Fibo levels;
Name_FExpans - the name of Fibo levels.

The use of the trade:
these levels are no different from other horizontal levels of graphics, but in this case, trade is conducted strictly on the breakdown level, and with multiple targets on the profits that can be used by closing the transaction, such as half or partially on each level.

Bid Ask Channel Indicator

Bid Ask Channel indicator draws on the graph are small bars above the maximum price bars (candles), the height of this column is equal to the current spread on the currency pair. This is in order the better to display the pending orders Buy Stop or stop loss orders when installing Sell Stop.

The schedule for each currency instrument most often drawn at a price Bid (selling) price and Ask (Buy) is always higher and did not appear on the history of graphics, so this indicator is needed for those for whom every critical minimum price change.

To a greater extent that the indicator has been written for those traders who trade on the charts a little time, or in any way the use of small-scale charts in your trading system.



Parameters for this indicator, there is little, there is only one option which allows you to change the appearance and the thickness of the bar, in order to make it easier to see against the background of the chart.

Of course this indicator is not something new or some new feature, it just made to make life easier for some traders who need such a display, and of course a scalper for whom a small time period is virtually the only source of income and who just might do not have time to constantly calculate the level of a warrant.

Moreover, in recent years increasingly gaining popularity five figure quote, simply because, compared with four-digit spreads are quite small, which in turn is critical for the scalpers, or for those who often just the opening and closing of the transaction. But the problem is that the low spread is most often "floating", ie, can be resized in real time, more often such changes occur during the release of any important news, or in emergency situations in the world, which directly or indirectly may affect the economy of a state and including in its national currency. It is in such situations in the market, this indicator would be especially helpful to many traders, including Day Trader, too.

In trade, this indicator is only used as an auxiliary, in this case helps to do a lot of unnecessary calculations and ultimately save you much time to it enough to perform more important tasks for trading.