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My Forex experience and some Forex related information that might be useful to other traders

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Forex blog posts about MetaTrader indicators are presented here. You can click the selected excerpt's title to continue reading on 'MetaTrader indicators'.

Detect Pin-Bar Patterns with MetaTrader

November 7th, 2011

During my searches, I’ve encountered several MetaTrader indicators capable of detecting Pinbars on the chart. Some of them can be found here: http://www.earnforex.com/forum/f12/random-indicators-8052/ and here: http://www.earnforex.com/forum/f12/pinbar-indicator-8377/. Unfortunately, they all have disadvantages — lack of customization parameters and even outright detection bugs. That’s why I’ve decided to create my own Pinbar …

Better MA — 3rd Generation of the Most Popular Indicator

October 23rd, 2011

3rd Generation Moving Average was added to the list of the Forex indicators on my site today. It’s built according to the principles laid out by Dr. Manfred Dürschner and offers the least possible lag, preserving the price smoothing property of the MA. This indicator has already been coded before me, but …

Bears vs. Bulls Forex Indicator

June 19th, 2011

Total Power Indicator is the latest addition to the MetaTrader indicators list on EarnForex.com. I’ve got the idea of this indicator from the June issue of the Currency Trader magazine. In short, this indicator uses Bull Power and Bear Power standard indicators to produce a more long-term perspective of the current market situation. …

Trend Indicator with Filtering Option

May 22nd, 2011

If you want some help in determining the current trend direction for your trades, then my new Dots indicator is for you. It’s based on NonLagDot MetaTrader indicator. Unfortunately, the original indicator is prone to repainting its previous chart arrows based on the new data and thus isn’t a good …

Candle Wicks Length Display Indicator — MT4/MT5

May 8th, 2011

Today, I present an improved version of my CandleWicks indicator. From being a simple alert script it becomes a more or less real indicator with some on-chart display. By the request of one of our forum users, I’ve coded a candle wicks length display feature for this indicator. It will show …

Classical Technical Indicator Based on Price and Volatility

February 8th, 2011

Chester Keltner developed his own version of the ”bands” indicator more than 50 years ago. Keltner Channel is an interesting and rather popular indicator, but, unfortunately, it’s not in the list of the standard MetaTrader indicators. I’ve found a basic implementation of the Keltner Channel for MT4 coded by some “Gilani” and used …

MetaTrader Notification of Candle Wicks (Shadows)

January 10th, 2011

Few days ago a member of our Forex forum has asked for an EA (he actually meant an indicator) that would notify him by e-mail whenever a candlestick closes with a wick (shadow) exceeding a certain length. I couldn’t find such an indicator on-line and decided to code one myself. Since it doesn’t …

Doug Schaff’s Trend Cycle (STC) — Now for MetaTrader!

January 6th, 2011

Doug Schaff developed an interesting cyclical indicator for Forex trading several years ago. In 2008 he’s made it public. He presented a code of the indicator written for TradeStation EasyLanguage. Unfortunately, until now there weren’t any correctly converted versions for MetaTrader. I’ve found several variants …

Tom DeMark’s Oscillator — REI

December 17th, 2010

I’m currently reading Tom DeMark’s The New Science of Technical Analysis and I’ve encountered a description of an interesting indicator there — Range Expansion Index. Tom explains it in details but the explanation is rather confusing. Fortunately, it’s accompanied with some strange piece of code (for the Logical Information Machine

See Moving Average as Japanese Candlesticks

November 29th, 2010

I’ve always wondered why some traders choose to use moving average calculated on Close, some on Open, some on High and some on Low. The resulting curves can be quite different and its difficult to decide which one is better for analysis. Moving Average Candlesticks solves the problem by displaying the moving average …

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