The BMA MetaTrader indicator, based on an idea from a site visitor, is built on the traditional moving average indicator. It appears as three lines: the central line uses the standard MT4/MT5 moving average, with options for simple, exponential, or weighted methods. The upper line is elevated by 2%, and the lower line is decreased by 2%, default settings, serving as support and resistance levels. This indicator is compatible with both MT4 and MT5 platforms. Key input parameters include MA_Period (default 49) for the central line’s period, MA_Shift (default 0) for horizontal chart shifts, and Percentage (default 2) for vertical band adjustments. Effective use suggests applying it to the EUR/USD H4 chart, recommending a sell at the upper band and a buy at the lower band, with moderate stop-loss levels due to potential price breaches or directional change...
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The Bollinger Squeeze Advanced indicator integrates two robust components: the Bollinger Bands and Keltner Channel for a trend "squeeze" measure and a trend strength histogram informed by a choice of eight oscillators: Stochastic, CCI, RSI, MACD, Momentum, Williams % Range, ADX, or DeMarker. The indicator visualizes this data as a color-coded histogram in a separate chart window and supports multi-timeframe analysis and alert options. Compatibility is ensured for MT4 and MT5 platforms under the "Not So Squeezy" system. It aids traders by marking trend strength, showing green bars for uptrends and red for downtrends, with blue thick bars signaling non-trending market phases for range-bound trading strategies.
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The Bollinger Squeeze Basic MetaTrader indicator integrates Momentum, Bollinger Bands, and the Keltner Channel to aid traders in visualizing market conditions. Displayed in its own chart window, it shows a Momentum histogram alongside dots to illustrate the relationship between Bollinger Bands and the Keltner Channel. Available for both MT4 and MT5, it forms part of the Not So Squeezy system.

The indicator employs various parameters such as MaxBars (default 300), BB_Period (default 20), and Keltner_Factor (default 1.5) to customize its application. Alerts can be configured through native pop-ups, email, or push notifications in MetaTrader. Understanding how to interpret the indicator's signals is crucial, as it highlights trading ranges with blue squares and potential breakouts with red squares. The Momentum component signals trend strength via col...
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The Candle Wicks Length Display is a specialized indicator designed for MetaTrader platforms, MT4 and MT5, facilitating the analysis of candle wick lengths directly on trading charts. It allows traders to establish a minimum wick length for display or alternatively highlight wick lengths that are below a specified limit. This tool supports multiple alert types, including visual and sound alerts, email notifications, and push notifications, providing flexibility in alert management.

Traders can configure the indicator with various parameters, such as measuring wicks in standard pips or percentage points, and choose specific colors for wick length displays for both bullish and bearish candles. User-defined settings include upper and lower wick length limits for triggering alerts, with the capability to wait for a candle to close before evaluating wick le...
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The Negative Volume Index (NVI) is a technical indicator available for advanced chart analysis on MT4 and MT5 platforms. It leverages tick volume (or real volume in MT5) to provide insights without relying on standard indicators. Its primary feature includes multi-timeframe support, allowing traders to analyze different timeframe dynamics. Developed by Paul L. Dysart and later refined by Norman G. Fosback, NVI consists of an oscillating line that rises or falls based on decreasing volume, signaling trend strength.

NVI offers two interpretative strategies: a classic method that uses NVI movement as trend confirmation, and a divergence strategy examining discrepancies between price action and NVI for potential reversals. Both approaches require cautious application due to possible false signals. The indicator also accommodates a higher timeframe perspe...
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The CCI Arrows MetaTrader indicator offers traders an efficient tool to determine where the Commodity Channel Index (CCI) crosses the zero line, highlighted by red or blue arrows. This indicator is known for minimal lag and high accuracy, suitable for traders preferring straightforward strategies over complex ones. It is compatible with both MT4 and MT5, supporting various alert types including native pop-up, email, and push notifications, provided MetaTrader is correctly configured.

The primary input parameter, CCI_Period, defaults to 14, balancing lag and false signals. The indicator provides clear buy (blue arrow) and sell (red arrow) signals, advising traders to consider the prevailing trend. In an uptrend, a blue arrow suggests going long; ignore red arrows unless closing a position. In a downtrend, red arrows indicate short positions, while blue arro...
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The Breakeven Line Indicator is an essential tool for MetaTrader users designed to manage open positions efficiently. It determines the breakeven level and represents it on the chart with a horizontal line. The indicator evaluates all trades, calculates the total number of lots, and projects the distance to breakeven in points and profit/loss. It's compatible with MT4 and MT5. Toggle visibility using Shift + B. It offers customizable input parameters, enabling users to tailor calculations and visual presentation to their needs. For instance, set IgnoreLong to true to focus on short positions only. Customize the breakeven line color depending on position type: clrTeal for long, clrPink for short, and clrSlateGray for neutral. Adjust line style and width per preference. Define text appearance through customizable color, size, and font face. ObjectPrefix ...
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The Coppock MetaTrader indicator is a classic tool for identifying long-term market opportunities, originally developed by Edward Coppock in 1962. It identifies buy signals by applying a weighted moving average to the sum of two rates of change. This MetaTrader version allows modification of the basic indicator parameters – ROC1Period (default is 14), ROC2Period (default is 11), and MAPeriod (default is 10). In MT4, the MAType parameter is set to weighted moving average (default is 3), and changes are generally not recommended. The Coppock curve strategy suggests buying as the curve rises from a trough below zero and selling as it falls from a peak above zero, ignoring smaller fluctuations. It aids in tracking early-stage trends without anticipating exact highs and lows. This tool is compatible with both MT4 and MT5 platforms.
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The 3rd Generation Moving Average introduces enhancements over the traditional moving average (MA) indicator used in MetaTrader platforms. By integrating a straightforward lag-reducing mechanism based on an extended MA period, this indicator improves responsiveness to price shifts. Authored by M. Duerschner, the approach utilizes λ = 2, optimizing lag reduction without necessitating DLL support. This tool is operational on both MT4 and MT5. Key input parameters include MA_Period (default 50), which dictates the moving average period, and MA_Sampling_Period (default 220), which should quadruple the MA_Period for efficacy. The MA_Method parameter defaults to MODE_EMA, while MA_Applied_Price is set to PRICE_TYPICAL. Notably, even with its improvements, the 3rd Gen MA can produce false signals and exhibit residual lag when assessing trend directions.
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The Daily Percentage Change indicator for MetaTrader provides traders with a view of currency rate fluctuations from the previous daily close, presented in percentage points on the main chart window. It also offers insights into weekly and monthly percentage changes. Customizable settings allow traders to assign different colors to positive or negative movements, along with an arrow for quick direction indication. A Time Shift parameter compensates for brokers using unconventional time zones. The indicator is compatible with both MT4 and MT5 platforms.

In terms of customization, the indicator lets users adjust various input parameters, including text and arrow positioning, font sizes, and color settings for up or down price movements. A notable feature is the ability to display changes in specified screen corners, with adjustments for both text and arrow...
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The Aroon Up & Down indicator for MetaTrader is a tool designed for identifying local tops and bottoms in applied charts. This aids traders in determining optimal points for buying and selling currency pairs. The indicator operates by signaling when currency pairs rise from bottoms or fall from tops. The intersection of the Aroon lines provides cues for profit-taking or minimizing losses. Both MT4 and MT5 platforms support this indicator, which can issue alerts via sound and email.

Configuration involves setting the AroonPeriod, typically defaulted to 14, which dictates the scope of chart bars reviewed for trend analysis. Adjusting the period affects the smoothness of output lines; longer periods yield smoother lines, while shorter ones increase signal frequency. MailAlert and SoundAlert options allow traders to personalize notification preferences, choo...
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The Detrended Price Oscillator (DPO) is a MetaTrader indicator that focuses on short-term trend changes within a longer trend. It highlights discrepancies between the current price and a simple moving average adjusted by (Period / 2) + 1 bars. Unlike stochastic oscillators, it targets internal price waves rather than broader movements. The DPO is available for both MT4 and MT5 platforms.

Key parameters include MA_Period (default 14) defining the simple moving average period, and BarsToCount (default 400) specifying the calculation span. Alert settings include native alerts, email alerts, and push notifications, configured in MetaTrader.

The indicator signals trend changes as it crosses the zero line, though it may lag, making predictive analysis useful. It also aids in confirming short-term trends and identifying divergences for potential major trend...
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The Basing Candlesticks MetaTrader indicator identifies and highlights basing candles, characterized by a body length less than 50% of the high-low range. It marks these candles with histogram lines in MT4 or custom candles in MT5 directly on the chart. Users can adjust the percentage criterion via input parameters. Alerts can be enabled for new basing candle detection, with options for pop-up, sound, email, and push alerts. The TriggerCandle parameter determines which candlestick is checked for alerts. Adjustments to alert messages and sound files can be configured, with notification settings available through MetaTrader's Tools->Options menu for proper alert setup.
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Donchian Ultimate is a robust MetaTrader indicator, enhancing the traditional Donchian channel with advanced features. It allows for variable periods and shifts, and offers a middle line functionality that can be toggled. Users benefit from its support for multi-timeframe operation, making it adaptable to different trading strategies. The indicator provides five distinct calculation methods for channel borders, offering flexibility in analysis. It also includes optional support and resistance zones adjacent to the main channel's borders, which can provide strategic insights into market movements.

Donchian Ultimate comes equipped with a comprehensive alert system, which includes alerts for bullish and bearish crossings of the middle line, as well as notifications for candle closures within resistance or support zones. It supports MetaTrader's pop-up...
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The BB MACD MetaTrader indicator enhances standard MACD applications by marking trend change points and evaluating trend strength. Plotted in a separate chart window, it features blue and red lines, alongside green or magenta dots. Dot color changes serve as a signal indicator, and line gap width signifies trend strength. This tool supports both MT4 and MT5 platforms.

Key input parameters include FastLen (12) for the fast moving average, SlowLen (26) for the slow moving average, and Length (10) for calculating moving average and standard deviations. Additionally, barsCount (400) limits the applicable chart bars, and StDv (2.5) fixes the standard deviation's weight. Alerts can be enabled for color changes, including pop-up, sound, email, and push notifications, provided configurations are correctly set. Green dots turning magenta suggest selling; the r...
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The Dots indicator, originally developed by TrendLaboratory in 2006, serves as a trend direction tool for MetaTrader. It places colored dots on the main chart; blue indicates a bullish trend, while red signals a bearish trend. Unlike standard indicators, it calls the iMA() function to retrieve price values based on the selected price type, such as Close, Open, or High. The methodology incorporates the cosine of price change angles. Users have access to several modifiable parameters.

Available for both MT4 and MT5, key input parameters include Length (defaulted to 10), influencing signal lag and accuracy; AppliedPrice, for determining the price type in calculations; Filter, useful for ignoring spikes without added lag; Deviation, and Shift, which adjust the vertical and horizontal display of the indicator. A typical strategy involves waiting for two c...
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The beginner MetaTrader indicators for MT4 and MT5 provide a straightforward method to identify local tops and bottoms with red and blue dots on charts. This custom indicator examines maximum and minimum points over a specified period and assesses their significance relative to the trading range of the currency pair. If a top or bottom is notably significant, it is marked with a dot.

It is crucial to note that this indicator is not suited for generating trading signals, as it can redraw itself. Dots may shift, so using them to make buy or sell decisions is ill-advised. The indicator is more useful as a tool for identifying potential support and resistance levels, particularly if implementing a breakout trading system or for developing custom indicators.

Key input parameters include AllBars, Otstup, and Per. AllBars, set by default to 0, represents t...
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Easy Trend Visualizer is an MT4 and MT5 indicator providing key insights into trend dynamics. It clearly marks the start and end of trends, as well as periods of trend absence, leveraging the Average Directional Movement Index (ADX) for rapid performance. The indicator operates within the main chart window, offering varied alerts such as horizontal line appearances, crosses, and directional arrows.

Configurable input parameters include multiple ADX periods (10, 14, 20 by default) for tailored trend analysis. Users can choose to activate alerts for line appearances, arrow signals, and line crosses. The settings allow specification of the number of previous lines to track for alert accuracy and the minimum line length to avoid false alerts.

Customization options cater to different alert preferences with color settings for arrows and native alerts for in-p...
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The BMA (Band Moving Average) indicator for MetaTrader platforms leverages the original moving average concept with enhancements for trading analysis. This technical tool is visualized through three lines: the central line represents the standard moving average, which can be configured as simple, exponential, or weighted. The upper and lower lines are derived by offsetting the central moving average by a default of 2%, providing potential support and resistance levels.

Compatible with both MT4 and MT5, BMA's key input parameters include MA_Period (default 49), MA_Shift (default 0), MA_Method (default Simple), and Percentage (default 2). The indicator is particularly applicable for the EUR/USD H4 chart. It suggests tactical moves: consider selling at the upper band and buying at the lower band. Implementing a moderate stop-loss is prudent, as price move...
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The Fisher MetaTrader indicator is a user-friendly histogram tool designed to identify trend direction and strength while signaling potential trend changes. Unlike conventional MT4/MT5 indicators, it operates independently, leveraging maximum and minimum price levels from previous periods. This is achieved through advanced mathematical calculations that correlate current prices with historical max/min values. Available for MT4 and MT5, this is a "repainting" indicator, meaning it recalculates past bars when a new bar appears.

The input parameter, Period (default = 10), determines bars to compute max/min values. A higher period reduces false signals but increases lag. On charts, green histograms indicate upward trends; red denotes downward trends. Traders often close short positions and go long when red turns green, and vice versa. During tests, it de...
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The Bollinger Squeeze Advanced MetaTrader indicator is designed for technical analysis. It integrates Bollinger bands and Keltner channel to assess market trendedness and utilizes a histogram to indicate trend direction and strength. This histogram leverages one of eight oscillators: Stochastic, CCI, RSI, MACD, Momentum, Williams % Range, ADX, and DeMarker. Displayed in a separate chart window, the indicator employs bar color and width to communicate data effectively.

Multi-timeframe operation and comprehensive alert functionalities are included, compatible with MT4 and MT5 trading platforms. Input parameters allow customization for timeframe, oscillator type, and various alert settings. Trend strength and direction are visualized using green bars for uptrends and red bars for downtrends. Thick blue bars denote a sideways market condition when Boll...
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