Forex MQL4 Indicator

Heiken Ashi Bar

2012-12-07T13:55:00.001-08:00

The Heikin-Ashi technique--"average bar" in Japanese--is one of many techniques used in conjunction with candlestick charts. Heikin-Ashi Price Bars. Heikin-ashi, Japanese for “average bar,” is a technique used to better visualize price trends. The “red” bars signify that Sellers are dominating the market, and “white” bars suggest that Buyers are dominant. Instead of using the open-high-low-close (OHLC) bars like standard candlestick charts, the Heikin-Ashi technique uses a modified formula. Heikin Ashi is a type of trading chart that originated in Japan (heikin ashi translates as average bar). Heikin Ashi charts are similar to candlestick and bar charts. The Heiken Ashi Oscillator shows the color of the Heiken Ashi Bars and measures inmediate and average change over time. The heikin-ashi method {heikin means "average" or. "balance" in Japanese, while ashi means "foot" or. "bar") is a visual technique. The math behind Heiken Ashi is very simple. The current status of the market is based in the four prices (open, low, close and high) of the last two bars. In Metatrader I can create a Heiken Ashi chart and display the bar chart in the foreground for a unique charting look. Demonstration of a tool to use Heiken Ashi bars with real prices onscreen but remaining clear and readable

Chaikin Money Flow Indicator

2012-12-07T13:49:00.001-08:00

Among dozens of valuable technical indicators, one in particular -- the Chaikin Money Flow (shortened to CMF) -- may provide an early signal. The chaikin money flow is an oscillator Indicator, it measure the Accumulation and distribution of money flow into and out of a currency pair. Chaikin Money Flow is a technical indicator used to determine if a security is under accumulation or distribution. Chaikin Money Flow is based on the observation that buying support is normally signaled by increased volume and frequent closes in the top half of the daily chart. Money flow index (MFI) is an oscillator calculated over an N-day period, ranging from 0 to 100, showing money flow on up days as a percentage of the total of up and down days. The Money Flow Indicator is best understood by the concepts of accumulation and distribution. Chaikin Money Flow Technical Indicator Explained. Introduction. Technical analysis of individual stocks must include volume studies in order to provide a true picture of the internal dynamics of a stock. Chaikin Money Flow Divergence Indicator generation III is modern indicator with complex mathematic algorithm (BJF Trading Group innovation). If the Chaikin Money Flow remains below zero while the price is rising, it indicates a probable reversal. The Chaikin Money Flow indicator was developed by Marc Chaikin. Like the popular Chaikin A/D Oscillator developed by Marc Chaikin, the Chaikin Money Flow indicator is based on the Accumulation/Distribution line. Chaikin Money Flow is a volume indicator that measures the momentum of buying and selling pressure in the market based on Accumulation/Distribution Line.

Aroon Up & Down

2012-12-07T13:42:00.000-08:00

Aroon-Up traded above 50 and touch 100 as Aroon-Down remained at relatively low levels. Notice how Aroon-Up traded close 100 as the advance continued.

A trading indicator traded for determining market trends in an underlying forex market and the likelihood that the market trends will reverse. It is made up of two lines: one line is called "Aroon up", which measures the strength of the uptrend, and the other line is called "Aroon down", which measures the downtrend.

Aroon Up & Down — determine the market trend changes with the 2-line trading indicator, which determines the maximums and minimums and draws itself in the separate chart window.

Aroon Up above 70 deterimines a strong bullish trend. Aroon Down above 70 defines a strong bearish trend. Aroon Up under 50 warns that the bearish trend is weakening.

The Aroon Forex indicator anticipates when a security is changing from an impulsive move to a trading range and vice versa. The aroon technical indicator plots the Aroon Up.

The Aroon (up) is calculated by means of the following formula: (# of periods) - (# of periods since the highest high during that time) X 100 # of periods:

Aroon Up & Down indicator, developed by Tushar Chande in 1995, is the indicator that allows you to anticipate changes.

How to Optimize MACD Indicator For Trades

2012-11-13T05:51:00.000-08:00

MACD Moving Average Convergence Divergence is a technical indicator that is based on Moving Average indicator. Define the difference between 2 Moving Average indicators, the small period moving average indicator subtracted from the long period moving average indicator. As a result, the indicator is smoothed to eliminate whipsaw prices and give a signal line.

The difference between the MACD Moving average convergence divergence indicator line and MACD histogram. The MACD Moving average convergence divergence line is more suitable for trend analysis. And the MACD histogram is more oscillate.

MACD indicator line consists of two moving averages. The first has a smaller period (12 days), the second parameter is 26 period.

How to read MACD indicator for better trading
- if the short moving average cross up a long period moving average, this is a buy signal
- if the short moving average cross down a long period moving average, this is a sell signal

MACD-Histogram
MACD histogram works well in range trading. There are three kinds of MACD histogram signals.
- Convergence divergence signal
This signal allows you to find the beginning of a new trend. There are two types of divergence. Bullish divergence signal occurs in bearish trend. When is the next price valley is less than the previous price valley and indicator line is higher than the previous indicator line. Bearish divergence signal occurs in bullish trend. when is the the next price peak is higher than the previous price and indicator line is lower than the previous indicator peak.
- Overbought / oversold
MACD Moving average convergence divergence is also gives overbought and oversold signals.
- Crossing the zero line.
This signal mean as a neutral trend. If at this situation you have an open position, it is better to close it. This crossing signal is typical change or trend reversal signal. Better use other confirmation from other technical indicator to support your decision.

RSI Divergence Mt4 Indicator Forex

2012-11-04T02:11:00.003-08:00

RSI indicators first developed by J. Welles Wilder to calculate changes in market prices. Relative strength index moves between 0 and 100. Relative strength index is oversold when it moves below 30 and overbought when it moves above 70. Besides oversold and overbought, RSI trading signals can be generated from the centerline crossover, and divergence. For example, Contance Brown wrote a book called Technical Analysis for the Trading Professional, told about the concept of bear and bull market range for the Relative Strength Index indicator. Positive and negative reversal of the Relative Strength Index, which was introduced by Andrew Cardwell. The book discusses the RSI indicator, New Concepts in Technical Trading Systems, written by Wilder. The book also tells about the Average directional movement index, Parabolic SAR and Average True Range ATR indicator. Wilder's indicators are indicators that are Often used by traders although indicators were created before the era of computers.