The Script in the MetaTrader4 trading terminal is a small program that performs a one-time action and is disabled.
At the end of this article you can download the “Close All” script and other scripts for managing multiple positions in the MetaTrader4 trading terminal. Continue reading
In the article “MACD – non-standard use on Forex”” I already described the technical indicator FX5 MACD DIVERGENCE, which determines the divergence of the MACD indicator.
In this article, I present to your attention another technical indicator for the MT4 trading terminal, revealing the divergence of the MACD indicator. Continue reading
Some forex trading strategies include splitting one position into several smaller ones, adding to already open positions or averaging.
When opening several positions, it is not very convenient to manually calculate the breakeven level for all open positions in the MT4 terminal.
This task is greatly facilitated by a simple breakeven indicator. Continue reading
Technical capabilities of the MetaTrader 4 (MT4) terminal allow you to impose a moving average on any other indicator in the terminal.
In the picture above you see how a simple moving average with a period of 21 (red line) is applied to the standard RSI indicator with a period of 14 (blue line). How to do it yourself? Continue reading
DailyPercentageChange is a technical indicator for the MetaTrader 4 (5) terminal, which calculates the change in the price of a currency pair on Forex relative to the close of a previous day.
The indicator calculates the daily change in percent and shows it in the corner of the main chart window. Continue reading
The inside bar is a very popular candle setup or pattern (as you like more) in forex technical analysis.
ACB Inside Bar – a powerful technical indicator for the terminal MetaTrader 4, which greatly simplifies and automates the search for an inside bar on price charts. Continue reading
Day Bar Info is a simple and very useful technical indicator for MT4 / 5 trading terminal.
The indicator draws a daily candle on the price chart and shows the sizes of the upper and lower shadows, the body and the whole day candle in the points. Continue reading
Candles is a simple technical indicator of Forex volatility for the MetaTrader terminal.
The Candles indicator draws the height of the candle with shadows in a separate chart window. Continue reading
The classic Bollinger Bands (BB) technical indicator is one of the most popular and well-known technical indicators of the Forex market, which is included in all trading terminals.
However, the classic indicator is calculated on the basis of the standard deviation only from a simple moving average. Continue reading
We bring to your attention a very simple but extremely useful forex technical indicator “Alerter” for the MetaTrader4 trading terminal. This indicator provides audio, information, push and email notifications on your choice when the quotation of the currency pair on the chart touch or approach to the standard support or resistance levels.
And this indicator is attached to the horizontal support and resistance lines, plotted on the chart by the standard means of the MetaTrader 4 terminal. Continue reading
The technical indicator “Spread” is an extremely simple but at the same time useful spread indicator for all traders using the Metatrader 4 or 5 terminal in their trading.
Currently, most major forex brokers provide retail traders with ECN (Electronic Communication Network) trading accounts with a minimal spread over the main currency pairs. As a result of the transaction, retail traders are withdrawn directly to liquidity providers, which is an additional guarantee of high-quality and fastest execution of transactions. Continue reading
MACD (Moving Average Convergence Divergence) is an indicator used in technical analysis to evaluate and predict price fluctuations in all financial markets, including Forex.
MACD was developed by Gerald Appel in 1979 and is one of the most popular technical indicators. The popularity of MACD is based on the fact that other popular technical indicators are used for its calculation – exponential moving averages. Continue reading
Moving average (MA) – one of the most popular and most common technical forex indicator.
The application of moving averages on Forex is based on the analysis of the behavior of a currency pair relative to the moving average price of a pair for a certain period (the number of candles). It is believed that with the help of moving averages, more money was earned in the forex market than with any other strategy. Continue reading