There thousands MT4 custom indicators available for Forex trading.
Which MT4 indicators are good? Which one to try out first?
Many custom MT4 Forex indicators need further explanation and trading instructions before anyone can actually use them. Others are simple and intuitive.
Testing all 1000+ MT4 indicators is challenging.
Reviewing a list of preferred MT4 indicators, tested by someone else is much easier!
Average True Range ATR Forex Indicator Average True Range ATR Forex Indicator (ATR) is an indicator that shows volatility of the market. It was introduced by Welles Wilder in his book “New concepts in technical trading systems”. This indicator has been used as a component of numerous other indicators and trading systems ever since. Average … Read more
Alligator Forex Indicator Alligator Forex Indicator In principle, Alligator Technical Indicator is a combination of Balance Lines (Moving Averages) that use fractal geometry and nonlinear dynamics. The blue line (Alligator’s Jaw) is the Balance Line for the timeframe that was used to build the chart (13-period Smoothed Moving Average, moved into the future by 8 … Read more
Accumulation Distribution Forex Indicator Accumulation Distribution Forex Indicator Accumulation/Distribution Technical Indicator is determined by the changes in price and volume. The volume acts as a weighting coefficient at the change of price — the higher the coefficient (the volume) is, the greater the contribution of the price change (for this period of time) will be in … Read more
Accelerator Oscillator Forex Indicator Accelerator Oscillator Forex Indicator Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force. This indicator will change direction before any changes in the driving force, which, it its turn, will change its direction before the price. If you realize that Acceleration/Deceleration is a signal of an earlier warning, … Read more
Three Colors Forex Indicator Moving Average indicator filling by different colors Three Colors Forex Indicator Sell Signal Three Colors Forex Indicator Buy Signal What does Forex Indicator mean? A forex indicator is a statistical tool that currency traders use to make judgements about the direction of a currency pair’s price action. Forex indicators come in many types, … Read more