Forex EA and Indicators

Fractals Auto Trendlines indicator (TrueTL alternative) for MT4 + Autorefresh Option & Entry Arrows

The VWAP Volume weighted Average Price Bands indicator is similar to the Moving Averages and Bollinger bands. In this indicator, more weight is given to the volume. The indicator provides great insight on support and resistance levels in the chart. Moreover, the indicator shows the fair value of a trading instrument. Thus, enabling forex traders to identify great trading opportunities to BUY LOW and SELL HIGH. Forex traders can combine the understanding of fair value price with price action. And find out the best possible entry price using the extreme bands. The identification of fair value price itself is crucial for the success of any trader.

You have probably heard about Elliot, but not so much about the Wolfe wave. Wolfe Waves are enhanced versions of Elliot waves (Eliot waves on steroids if you like). This natural trading pattern helps determine an impending trend reveals and predict future price movement and expected time to reach a specific desired price. For a price pattern to be identified as a Wolfe Waves, it must meet a series of criteria.

Advanced Indicators FX-Phantom contains highly advanced indicators and trading assistant. The main signal indicator making analysis of RSI, Momentum, CCI, Oscillators, ADX and WPR and presents the result in one easy-to-read signal. BLUE=BUY, RED=SELL.

The Elliott wave count indicator for MT4 is the best indicator to identify the waves and count them. This visual representation enables the forex technical trader to excel in the Elliott wave trading strategy. Additionally, the wave count enables the trader to identify the BULLISH and BEARISH trends and the best BUY and SELL entry points. The indicator is best suited for new and experienced forex traders as the indicator calculates the waves automatically. Advanced traders can use Fibonacci levels and additional indicators to confirm the trading signals. Additionally, the indicator is free to download and easy to install.

Drawing Trend Lines Technique At first, the indicator tries to locate all possible trend lines on the chart. Then, using a few rough filters, it will exclude more than half of the lines found. Next, it checks the quality of the remaining ones and displays the two best trend lines on the graph. Thus, there can only be two lines on the chart at the same time: Uptrend line (blue); Downtrend line (orange).

AutoTrendLines is an indicator for MT4 or MT5 that spots the most exact trend lines and automatically plots them on the chart. If you often rely on trend lines in your daily trading, the given indicator will make it much easier to work with them and relieve you of the need to spot and manually draw the lines every time. The indicator displays only the most actual trend lines. Thus, the line will be removed from the chart if its interaction with the price is no longer expected. The indicator doesn’t redraw, but it can change the angle of the lines when new extremes occur. It is best suited for intraday and mid-term Forex trading. The optimal timeframes to work with are M15-H1.