The indicator is a table and simple to interpret for new and advanced forex traders. However, new traders should understand breakout trading principles and rules to trade them effectively. Furthermore, traders can plot this indicator in any chart time frame as it pulls data with no regard of the time frame attached to it.

Yesterday Breakout Button Indicator For MT4 Trade Setup

The indicator plots the table in gray with the bullish breakout currencies as green and bearish ones as red. Traders should avoid those in gray as they are in neutral trend. The trading strategy is to buy or sell by the current price in relation to the yesterday high or low.

If the current price is higher than previous day’s high and low it indicates a bullish market condition. So, traders should enter a buy trade after confirming the price action. Similarly, if the current price is lower than the previous day’s high and low, it indicates a bearish price trend.

Conclusion

In summary, the yesterday breakout button indicator for MT4 helps forex breakout traders to identify the bullish and bearish trend of any currency pair.

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The indicator is suitable for new and advanced forex traders and works well in all chart time frames. Moreover, this indicator does not repaint after candle close.

CCI NMA Level Crossing Alerts Indicator For MT4 Trading Signals

The indicator plots an oscillator with a multi colored signal line in a separate indicator window. A lime green indicator line color indicates a bullish market condition, while orange indicates bearish conditions. The trading strategy is to enter the markets upon the indicator line color change.

Traders should enter the market with a buy trade if the indicator line turns green with a stop loss below the previous swing low. Similarly, consider selling positions once the orange color appears with a stop loss above the previous swing high. Traders should exit the market upon an opposite trading signal or with a better risk reward ratio.

Conclusion

In summary, the CCI NMA level crossing alerts indicator for MT4 based on the ocean theory using CCI and NMA provides forex trading signals.

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The indicator is easy to use for both new and advanced forex traders, however new forex traders should educate themselves with support and resistance trading strategies. It works on all intraday price charts as well as daily, weekly and monthly price charts.

U Turn Indicator For MT4 Trading Signals

The indicator plots aqua support lines and red resistance lines. The trading strategy is to buy or sell according to the appearance of potential reversal point.

Traders can enter the market with a buy trade if the reversal signal appears during a downtrend. Similarly, open sell positions during an uptrend. All reversal trading signals must be dealt with caution. So, forex traders should confirm the entry signals with price action or other indicators or oscillators.

Alternately, traders can identify the potential reversal point at higher time frame price chart and look for a lower time frame for precise entry. The indicator alerts if the price crosses the potential reversal point.

Conclusion

In summary, the U Turn indicator for MT4 helps forex traders anticipate price reversal and buy and sell accordingly with best trading results.

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The indicator works well in all chart time frames and is suitable for intraday to daily, weekly and monthly charts. Moreover, as this indicator is a trend following indicator traders can use it for automated trading programs.

xSuperTrend Candles Indicator For MT4 Trading Signals

The indicator changes the bullish candle color to green and the bearish candle to red. The trading strategy is to enter the markets upon the change of candle color. This in turn helps the forex trader to enter the market upon a trend change.

Traders should enter the market with a buy trade, upon the formation of a green candle with a stop loss below the previous swing low. Similarly, if a red candle appears traders should consider entering the markets with a sell position with a stop above the previous swing high.

Traders should exit the trade at an opposite color change as this indicates a trend change. Moreover, holding positions until a trend change helps traders to ride the trend and maximize the profit.

Another trading strategy is to analyze the markets in light of the next higher time frame. This enables the traders to stay in the trend direction and increase the win ratio.

Conclusion

In summary, the xSupertrend candles indicator for MT4 provides the possibility of viewing the market trend direction in an alternate method. Though the indicator provides reasonably profitable signals, traders should confirm the price reversals using price action.

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The Vertex Alerts Arrows indicator for MT4 is a combination of three different indicators, Bollinger Bands, Moving Averages, and Momentum. These are popular indicators used by most technical traders around the world. The indicator is formed in a manner wherein the code calculates an adjusted version of the momentum. This is found as blue and red lines on the indicator chart. The new version of the momentum is used to create Bollinger bands or envelopes.

As stated previously, the arrows help you identify trade opportunities. A green upward-pointing arrow and/or a blue dot will indicate a long. On the other hand, a red dot and a red downward-pointing arrow will indicate a sell signal. Arrows with dots beside them are stronger signals than signals with arrows only.

How To Trade The Vertex Alerts Arrows Indicator

Bullish or Buy Signal

There are certain conditions for a buy signal. These are included below:

• Green Upward Arrow – The red line must be above the upper Bollinger band line. In addition, the red line must have a value below -6.
• Blue Dot – Momentum has gone down below -10, which is a strong indicator to buy.

You may hold the position and exit at the next bearish signal.

Bearish Or Sell Signal

The conditions for a sell signal are as follows:

• Red Downward Arrow – The red line must be above the upper Bollinger band line. In addition, the value of the red line must be above +6.
• Pink Dot – The momentum has gone upwards above +10, which is a strong indicator to sell the instrument.

Now, you must hold the position and exit at the next bullish signal.

Conclusion

The Vertex Alerts Arrows Indicator is a great indicator for beginners looking for signals to buy or sell an instrument. However, analyses through other fundamental and technical factors must be made before using the indicator as oftentimes, the arrows and dots are repainted on the charts. It is up to the trader to implement sound analyses and risk management principles to be profitable in the industry.

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Bullish Or Buy Signal

The FX Forecaster indicator for MT4 indicates a buy signal when both the purple and black histograms are above the zero level.

To use the indicator for a long trade, you first have to determine a breakout upwards of an important resistance level. Once the price breaks out, you have to check whether both purple and black histograms are above the zero level. Then, you can enter the position. You will exit the position once part of the histogram (whether black or purple) goes below the zero level. You can view this in the charts below.

Bearish Or Sell Signal

This indicator indicates a sell signal when both the purple and black histograms are below the zero level.

To use the indicator for a short, you first have to determine a breakout downwards of an important support level. Once the price breaks down, you have to check whether both purple and black histograms are below the zero level. Then, you can enter the position. You will exit the position once part of the histogram (whether black or purple) goes above the zero level. Check out the chart below.

Conclusion

The FX Forecaster indicator for MT4 can help you detect a trend in the markets. As such, you can use it to time your entry and exit positions while trading any instrument. In addition, you can utilize it in combination with support and resistance lines to make your trades more profitable and to manage risk.

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Thus, you can use the XTSR indicator for MT4 to help you check out support and resistance levels within a chart. In this way, there’s an objective way to find these important price levels within an instrument. The red lines indicate important resistance levels, while the blue lines indicate vital support levels.

How To Trade The XTSR Indicator For MT4

It will be difficult to trade the XTRS without the help of another technical indicator. As such, you can use any other indicator that you like and combine it with the support and resistance levels shown on the chart. For instance, you can use it with the FX Forecaster to time your entries based on the positioning of the histogram. Our examples below combine the XTRS with the Fibonacci retracement tool to look for pullbacks.

XTSR Bullish Or Buy Signal

A buy signal is generated within the XTSR indicator if an important resistance level is broken by the candlestick towards the upside. You may enter after the close of that breakout candlestick. Or, you may include a fibonacci retracement to wait for a pullback near the 38.2 or 50.0 level.

You enter at the first bullish candle bar near the 38.2 or 50.0 level. You will hold the position until the next resistance is hit or formed. To check out how this is done, view the charts we have created below:

XTSR Bearish Or Sell Signal

A sell signal is generated with the XTRS indicator if an important support level is breached downwards. You may enter after the downward breakout candle closes. Or, you may place fibonacci retracement to wait for a pullback near the 38.2 or 50.0 level.

If you’re going to wait for a pullback, you will enter at the first bearish candle (red candle) near the 38.2 or 50.0 fibonacci retracement level. You will hold the position until the next support is hit or formed. Check out the chart below:

Conclusion

Since important price levels are usually where the candlesticks bounce off of, the XTSR indicator for MT4 can help you determine these support and resistance lines. Looking at the charts with the naked eye can put a certain degree of subjectivity to your analysis. The XTSR indicator can give you an objective way of viewing the support and resistance levels within the chart.

However, it’s difficult to use supports and resistances alone to determine how to trade a particular instrument. Thus, we recommend that you use the XTSR indicator for MT4 in conjunction with other technical indicators or fundamental analyses.

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The gator uses a histogram to represent market trends in four phases:

1 – Sleeping Phase

This is also called the Exhausted Phase. In this phase, the histogram lines, whether above or below the zero line, are both colored red.

2 – Awakening Phase

The Awakening Phase is called the Forming Phase and follows the Sleeping Phase of the Gator Oscillator. It is seen when one of the red bars becomes green. The placement of the red or green colors, whether above or below the zero line, doesn’t matter.

3 – Eating Phase

During this phase, both bars will become the color green. It is also called the Strengthening Phase.

4 – Sated Phase

This phase occurs when the markets are running out of momentum. It happens after the eating phase of the Gator Oscillator indicator for MT4. You will notice it when one of the green bars in the histogram turns into the color red. Again, the placement of the red or green colors, whether above or below the zero line, doesn’t matter.

As such, you will notice that the Gator Oscillator indicator for MT4 can help you detect market trends through the color of the histogram. Green bars means the trend is getting stronger. On the other hand, red bars indicate that the trend is weakening.

The Gator Oscillator Indicator BUY/SELL signals

Typically, you will want to enter a position during the awakening phase of the Gator Oscillator indicator. You will then hold the position and take your profits during the sated phase where the trend is nearly done. However, you may want to tweak your strategy to accommodate other indicators and support or resistance levels.

Typically, you will want to enter a position during the awakening phase of the Gator Oscillator indicator. You will then hold the position and take your profits during the sated phase where the trend is nearly done. However, you may want to tweak your strategy to accommodate other indicators and support or resistance levels.

Buy Or Bullish Signal

Look for a forming uptrend. This can be seen through a breakout upwards of a previous resistance that will now turn out to be your new support. Enter through the breakout candle (whether it’s the awakening or strengthening phases) and exit once the sated phase shows up. This can be seen in the charts below.

Sell Or Bearish Signal

Look for a forming downtrend. This can be seen through a breakout downwards a previous support that will now turn out to be your new resistance. Enter through the breakout candle (whether its awakening or strengthening phases) and exit once the sated phase shows up. Check it out in the charts below.

Conclusion

The Gator Oscillator Indicator for MT4 is a great way to gauge trend cycles of a particular instrument through its histogram. It can help traders know whether a trend will form and strengthen. In addition, it helps to gauge whether a trend is near completion or not. However, it cannot tell you if the market is going upwards or downwards. As such, you must use it with other indicators and support or resistance lines to gauge where the market is going.

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This indicator is based on Murrey’s mathematical principles for support and resistance levels. These important price levels or zones can offer you information as to whether the current market will continue its trend or reverse towards the other direction.

Murrey based his mathematical principles on the Gann theory by W.D. Gann. Through his extensive research work, he developed a geometry system enabling the indicator to describe the movements of the market based on time.

The core principle of Murrey’s strategy is that the movement of the market retraces in eights or octaves. There are different multiples starting from 0/8 to 8/8. As such, you will time your entries and exits based on these retracements divided into multiples of 1/8s.

How To Use The Murrey Math Time Frame Indicator For MT4

The Murrey Math Time Frame indicator for MT4 can be used on different markets, asset classes, and instruments. This indicator can also be used on different time frames including daily, weekly, and monthly time periods.

In this section, we will discuss this indicator and how to trade the markets with it.

As you can see in the charts below, the Murrey Math Time Frame indicator for MT4 divides the chart into horizontal lines. These lines are based on complex calculations that divide the movements of price into 1/8 increments.

These 1/8 increments divide the chart into eight different pivot points having different meanings that you can attach to trading the markets.

The most important pivot points or levels to look at are 0/8, 4/8, and 8/8 levels. There are nine main lines or pivot points in the chart above from 0/8 to 8/8 divided into increments of 1/8. In addition, there are 4 pivots that show overbought and oversold conditions of the market.

Knowing the meaning of these lines are important to learn how to trade using the Murrey Math Time Frame indicator for MT4. The meanings of the pivot points are as follows:

• +2/8 – Extreme Overshoot
• +1/8  – Overshoot
• 8/8 – Ultimate Resistance
• 7/8 – Weak, Stall, & Reverse
• 6/8 – Pivot, Reverse – Major
• 5/8 – Top Of Trading Range
• 4/8 – Major Support/ Resistance
• 3/8 – Bottom Of Trading Range
• 2/8 – Pivot, Reverse – Major
• 1/8 – Weak, Stall, & Reverse
• 0/8 – Ultimate Resistance
• -1/8 – Overshoot
• -2/8 – Extreme Overshoot

Murrey Math Time Frame Buy Or Bullish Signal

If the price is at the 0/8 to -2/8 levels, it means the instrument is oversold. Thus, we are poised for a reversal of the downtrend. As such, we can buy at the 0/8 level or use additional indicators and supports or resistances to help us ascertain a price where a reversal is imminent.

Murrey Math Time Frame Sell Or Bearish Signal

If the price is at the 8/8 up to the +2/8 levels, it means the instrument is overbought. Thus, we are poised for a reversal in the form of a downward movement. As such, we can sell at the 8/8 level or use additional indicators and supports or resistances to help us ascertain a price where a reversal is imminent.

Conclusion

The Murrey Math Time Frame indicator for MT4 can be used with other indicators to time your entry and exit positions. Based on the mathematical principle that the movement of the markets is divided into octaves, it offers different support and resistance levels you can use to time your trading positions.

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This indicator automatically analyses price dynamics to identify overbought and oversold zones.

The indicator consists of:

• the main line, with values usually ranging between 0 and 100;
• two dynamic overbought and oversold levels.

How do you read the Stoch RSI Indicator?

If the values rise above the overbought level, the main line turns blue (you can adjust the colors as you wish). This is interpreted in two ways:

• either as a period of excessively high prices;
• or as a consequence of a sustained bullish trend.

If the Double Stochastic RSI Indicator falls below oversold levels, the main line turns orange. This is interpreted as a period of too low prices or as a consequence of a sustained bearish trend.

How accurate is Double Stochastic RSI indicator?

Unfortunately (or fortunately for those who earn intraday through hard work), there are no magic arrow indicators that give guaranteed profitable buy and sell signals. The Double Stochastic RSI indicator will be frustrating if you expect to make a 5:1 profit/loss ratio.

Example #1. Buy signal with Double Stochastic RSI indicator

In this example, a buy signal is formed when 2 conditions are met:

1. Double Stochastic RSI indicator’s main line moves out of oversold territory.
2. A test of the former resistance level forms on the price chart.

The chart above shows this situation. The weakening yen, on the back of the ultra-soft monetary policy of the central bank, broke through the 121.30 resistance level, volumes were increased. This is a sign that 121.30 will work as support later on.

When the price returned to the 121.30 level, there was reason to follow the indicator to get a signal to enter the long position. It is marked with an arrow and “Buy”.

A stop-loss may be set in a classic way, under the previous local low. Take profits when there is a counter signal (marked with the second arrow), or other signs of danger.

Example #2. Sell Signal

In this example, a sell signal is formed when 2 conditions are met:

1. Double Stochastic RSI indicator’s main line moves out of the overbought zone.
2. The moving average (200) indicates a bearish trend.

The Double Stochastic RSI indicator gives a signal to enter the short position when the main line exits the overbought zone and changes its color to gray (marked with an arrow).

A stop-loss may be set above the previous local high. Profits can be taken when there is a counter signal (shown by the arrow on the chart) or using your preferred money management techniques.

Conclusion

The Double Stochastic RSI Indicator for Metatrader 4 combines two classic oscillators to search for overbought and oversold zones. It does not repaint.

Advantages of this Indicator:

• allows you to find entry points into a position;
• has flexible settings;
• can be applied to forex, crypto, equities and other markets;
• can be used by investors on daily and weekly price charts.

Disadvantages:

• doesn’t contain alerts;
• generates a lot of false signals. To increase the accuracy of the signals, try to combine the Double Stochastic RSI indicator with various methods of technical analysis – for example, candle patterns, or support and resistance levels.

Which indicator works best with Stochastic RSI? Try volume analysis.

Before risking any real money, train trading with the indicator on a demo account with a preferable forex broker.

Download the Double Stochastic RSI Indicator for MT4 for Free Now!

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