This indicator is easy to use and is suitable for new and advanced forex traders. However, advanced traders can use this as a trend filter for other technical trading strategies. Additionally, this indicator works well in automated trading strategies. It works well in all chart time frames and is suitable for scalping, short and long-term forex traders.

Ultra Oscillator Indicator For MT4 Trading Signals

The indicator plots a green indicator line as an oscillator in a separate indicator window. This line is a combination of the smoothed moving average values of the 7, 14 and 21 period. Any shift in the slope of this line indicates a shift in the market trend. So, the trading strategy is to enter and exit the markets based on the change in direction of the slope.

If the moving average is sloping upwards it indicates a bullish market trend, so traders should enter a buy trade with a stop loss below the previous swing low. Effectively, the best point to book profits is an opposite trading signal.

A similar trading strategy can be followed during a bearish price trend if the slope is downwards.

Conclusion

In summary, the Ultra Oscillator indicator for MT4 is another method of the application of moving averages in forex technical trading.

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The indicator works on all chart time frames. Though it works well for short and long-term forex traders, it is an interesting and profitable indicator for scalpers. However, new forex traders should understand the concept of renko bricks before using this indicator.

Tipu Renko Button Indicator For MT4 Trading Signals

The indicator plots green bullish renko bricks and red bearish bricks. Alternately, traders can change the setting to show green up arrow and a red down arrow instead of bricks.

A new Renko brick forms if prices move the size of the box in the same or opposite direction. Bricks stay in the same color if price continues in the same direction. But, they change color if price reverses in the opposite direction.

As simple trading strategy is to enter and exit the markets based on the brick color change.

Conclusion

The Tipu Renko Button indicator for MT4 helps forex traders to see the price based renko chart together with the price and time based candlestick chart on the same chart.

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The indicator provides multiple data however, new forex traders should educate themselves with the details and apply them according to their trading style. By default the indicator collects data from the daily chart time frame regardless of the time frame it is attached. Since the data is based from daily time frame it is useful for short and long-term technical analysis.

Indices Percent Change Indicator For MT4 Trade Setup

The indicator plots the headers in yellow and the data in green and red. Traders should not be overwhelmed by the data but choose to interpret the data according to their trading strategy.

Particularly, the PFO – price from open is data is essential for forex traders comparing the open price and current price to identify trend strength. Another notable value is the Range vs. 10 days average range. These values help the long-term forex trader to gain valuable insight about the market movement.

Conclusion

In summary, the Indices percent change indicator for MT4 does not provide forex trading signals. But, it provides valuable details to the forex trader to make informed trading decisions. Additionally, traders can download this indicator for free and install it with ease.

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The indicator is similar to the RSI and is suitable for new and advanced forex traders. Moreover, it works in all intraday chart time frames as well as the higher time frames. So, this indicator is helpful for short and long-term forex traders.

RSIOMA Indicator For MT4 Trading Signals

The indicator plots a blue RSI line and violet moving average of the RSI. Additionally, it plots 20, 50 and 80 levels. The histogram bars at the bottom of the indicator window shows the trend direction. There are multiple methods to trade this indicator.

The trading strategy is to buy when the indicator values move higher than 50 with a stop below the previous swing low.  Similarly, traders should open sell trades when the RSI crosses below the 50 level.

Another trading strategy is to buy once price rises above the 20 level and sell if price falls below the 80 as they indicate overbought and oversold market condition. However, traders should note that during a strong trend the indicator values tend to stay above 80 or below 20 for a prolonged period.

Conclusion

In summary, the RSIOMA indicator for MT4 helps forex traders using RSI to identify the price trend and provide buy and sell forex trading alerts.

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The indicator is similar to the stochastic indicator and is easy to identify and understand for new and advanced forex traders. It works on all chart time frames and is helpful for all short and long-terms trading strategies. Moreover, technical forex traders can combine this indicator with other indicators and trade in confluence for scalping strategies.

Stocycle Indicator For MT4 Trading Signals

The indicator plots a teal oscillator line in a separate indicator window. The peaks are in majenta dots and the bottoms are in blue. For instance, if the oscillator values reach the top or bottom, it indicates a potential reversal of price.

So, the best trading strategy is to enter the markets on the appearance of the dots on the stocycle indicator. In lower time frames for a scalping strategy, traders should use any trend indicator as a filter to avoid potential false reversal trading signals.

Once the oscillator reaches the bottom and signals a reversal with a blue dot, traders can enter a buy trade.  Traders should protect this position with a stop loss below the previous swing low and look to exit at an opposite signal. Similarly, if a bearish reversal signal appears in the form of a majenta dot, traders should enter sell positions.

Conclusion

In summary, the Stocycle indicator for MT4 provides potential forex trading reversal signals that is useful to trade using all types of chart time frames.

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The indicator works well for new and advanced forex traders. However, new traders should educate themselves about Ichimoku and Kijun-Sen trading strategies before applying the trading signals. It works on all chart time frames and is useful for scalping, short and long-term traders.

Kijun Sen Indicator For MT4 Trading Signals

The indicator draws the Kijun-Sen as a blue line on the price chart. Price above the Kijun-Sen is bullish, while price below it is bearish. So, the best trading strategy is to use the crossover of the price and Kijun-Sen line to enter and exit the markets.

Furthermore, Kijun-Sen acts as an excellent support or resistance. So, forex technical traders can use support and resistance trading strategy and trade the Kijun-Sen profitably.

Since Kijun-Sen is an excellent trend follower, forex trend traders will find it rewarding to use this indicator for trend following.

Primarily, if the price moves above the Kijun-Sen it indicates the beginning of a bullish price trend. So, traders should open a buy trade with a stop loss below the previous swing low. Conversely, traders can book profits at an opposite crossover. A similar trading strategy can be followed in a bearish condition upon the downward crossover of the price and Kijun-Sen.

Conclusion

In summary, the Kijun Sen indicator for MT4 displays only the Kijun-Sen and is beneficial for forex traders using Ichimoku.

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The indicator is a simple trend line and is suitable for new and advanced forex traders. Moreover, it works well in all intraday chart time frames and the daily, weekly and month price charts. So, it is a very helpful technical analysis tool for scalping, short and long-term forex trading strategies.

New Fractal Lines Indicator For MT4 Trading Signals

The indicator plots the up and down fractals as red and green. It connects the down fractals to plot a red support line as ray. Similarly, by connecting the up fractals it plots a blue resistance line. The main purpose of this indicator is to help traders draw automatic forex trend line.

The best trading strategy is to use the trend line breakout strategy or support and resistance trading strategy. A breakout or failure signals the buy or sell trading signal. Moreover, these trend lines reveal underlying channel or triangle chart patterns and help facilitate profitable trading.

Upon a bullish trend line break, traders can enter the markets with a buy trade. In a bearish trend line break traders can open sell positions. It is important to note that as new fractals appear the indicator recalculates and re draws the trend lines.

Conclusion

In summary, the New Fractal Lines indicator for MT4 is an effective trading tool for automatically drawing support and resistance. Additionally, this indicator is free to download and easy to install.

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The indicator is simple to use and is effective for new and advanced forex traders. Moreover, it works well in all intraday price charts as well as the daily, weekly and monthly charts. So, this indicator is effective for short and long-term forex trading technical analysis and trading strategies. Additionally, traders can formulate automated forex trading strategies using this indicator.

MACD And Volume Indicator For MT4 Trading Signals

The indicator plots grey histogram bars, red and blue MACD indicator lines and a green volume line. The trading strategy is similar to the classic MACD trading strategy. However, traders can use the green volume indicator line for additional confirmation. Higher volumes indicate increased interest of traders in the forex currency pair and results in trend. On the other hand, lower volumes may indicate lack of interest and may result in price consolidation.

If the MACD line crosses above the zero line and the histogram bars are above the zero line, it indicates a bullish trend signal. Additionally, if the green volume line is also moving higher traders can confirm the MACD buy signal and enter a trade with a stop below the previous swing low and book profits at an opposite signal.

Traders can follow a similar strategy and open sell position in a bearish condition.

Conclusion

In summary, the MACD and volume indicator for MT4 by adding volume helps forex trend traders to confirm the MACD buy and sell forex trading signals.

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This is a simple arrow indicator helpful for new and advanced forex traders. Moreover, it works well in all forex intraday chart time frames and daily, weekly and monthly charts. So, it is useful for scalping, short and long-term forex trading strategies. The indicator settings allow the trader to input different values to accommodate their trading style.

Lion Arrow Super Arrow Indicator For MT4 Trading Signals

The indicator plots a green up arrow in a bullish market trading signal and a red arrow for a bearish signal. The indicator automatically calculates all the input parameters of different indicators to plot the arrow. However, traders should note that the arrow forex trading signals are not provided on the current candle; instead it is placed on a previous candle.

Upon the appearance of up arrow traders should consider placing a buy trade with a stop below the previous swing low. For optimum trading results traders should book profits in an opposite trading signals. Similarly, upon a down arrow traders should open a sell trade.

Conclusion

In summary, the Lion Arrow Super Arrow indicator for MT4 is a simple arrow based forex trend indicator. Since, it combines multiple indicators it provides stable and profitable forex trend trading signals.

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The indicator is a channel based visual trading system suitable for new and advanced forex traders. It works on all chart time frames and is suitable for short and long-term forex traders. Moreover, technical traders can use this to filter the bullish and bearish trading signals of other indicators.

LeMan System Indicator For MT4 Trading Signals

The indicator plots green dots for buy trading signals and red for sell signals. Additionally, it plots an upper red line that acts as resistance and stop loss line for sell signals. Similarly, it draws a lower green line as support and stop loss for buy trading signals.

The trading strategy is to enter a buy trade upon the appearance of the green dot. However, forex traders should confirm these signals only after it breaks the upper channel line. Traders can place a stop few pips below the lower channel line and book profits with a good risk reward ratio.

Similarly, upon a sell signal traders should open a sell position only if the price closes below the lower channel line. It is important to confirm the trading signals only if they close above/ below the lines to filter false trading signals.

Conclusion

In summary, the LeMan System indicator for MT4 helps forex traders with entry and exit signals. Furthermore, the indicator is free to download and easy to install.

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