MetaTrader Indicators User's Tutorial
Aroon Up & Down
— this MetaTrader indicator is based on finding the
maximums/minimums of the period and doesn't use standard MT4 indicators. It is
a separate window indicator with 2 charting lines. I find it useful to determine
the trend changes.
— a MACD variation custom MT indicator, based on moving
averages and standard deviation indicator. It can be used to determine trend
starts/ends as well as the trend strength (the broader is the gap between two
bands, the stronger is the current trend).
— this one shows up trend extremes (max and min) which can be treated as the
support and resistance points and help you understand current trend channels.
It is a simple indicator that uses some period to find the highest and the lowest
points and mark them with the dots. It can be a good base for your own range
breakout expert advisor.
— a moving average indicator version that saves the traditional MT4 moving
average functionality but adds two bands to the standard line. These bands are
placed (by default) 2% below and 2% above the main line and serve as the strong
— this CCI based indicator will give you signals by drawing blue and red
arrows on the chart. It simply detects the CCI cross with the zero but is quite
— finds the maximum and minimum levels on the given period,
applies custom calculations to the relation of the current price to those levels
and draws a histogram of the trend. Marks uptrend with green lines and
downtrend — with red lines.
— this MetaTrader indicator scans the latest trends and tries
to apply the data to the current rate, showing a trend start/end in a separate
window. It also shows Fibonacci retracement levels on the main chart window.
— a separate window indicator with one line signaling short and long positions,
when it crosses the upper band from above or lower band from below,
Murrey Math Line X
— another kind of pivot points given in form of lines displayed on the main
chart. It uses Murrey Math rules to calculate the lines’ position. Lines are shown
for the current period and represent the support and resistance levels.
Not So Squeezy
— a set of indicators for the
Not So Squeezy trading strategy.
Pattern Recognition Master
— an indicator for the automatic Japanese candlestick patterns recognition.
It marks each candle, which fits any pattern, with the special code that represents the
appropriate candlestick pattern. The legend for the patterns and the corresponding symbols
is also attached to the chart with this indicator.
— an indicator that can notify you of certain price changes via the MetaTrader
sound alerts. Can be used in manual trading when you want to know when the price
reaches certain levels.
— this indicator is composed of the RSI (Relative Strength Index) of two
moving averages and moving average of this RSI. The cross of them means the
change of the trend — when the bold line is above it is an uptrend,
when the thin one is above it is a downtrend.
and Resistance — as the name suggests,
this indicators shows the levels of support and resistance directly
on the chart. It uses standard MT4 Fractal indicator and does quite
well in depicting the good levels for the next stop-loss and
— a multi-timeframe indicator that analyzes the market conditions on
timeframes from M5 to D1 using the Stochastic Oscillator, RSI and CCI standard
indicators. The output is the set of buy or sell signalls displayed as a table
below the chart. It's very easy indicator to trade using both small and large
Traders Dynamic Index
— indicates trend direction, market volatility and trend strength in a
separate window of the MetaTrader terminal. It is handy in many trading styles
— long-term and scalping. Read the commentary in the code to learn using
it (very easy).
— a multiple timeframe indicator package for multiple currency pair. It
shows as a separate terminal window with 3 indicating dots for each of 4
different currency pairs for each MT4 time period. Dots combinations serve
as the entry signals. The more timeframes show the same combination the more
accurate signal is. Red, red, magenta is used to enter short; green, green, cyan
is used to enter long. You can select currency pairs via the input parameters.
The timeframe and the currency pair of the chart, to which you attach this indicator don’t matter.
— daily pivot points indicator with an accurate and informative display.
Trader has to set two input parameters: LocalTimeZone — time zone of the
MT4 trading server (e.g. "-5" if it's New York time) and DestTimeZone —
time zone of the session for which you want to calculate pivot points (e.g. "+9"
for Tokyo trading session pivots).
Var Mov Avg
— indicator is based on the calculating of moving averages of the varying
periods. It detects crosses that produce buy/sell signals as well as current
trend indication. This indicator has a sound alert on signals, which can be
turned on and off.