Archive

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 …

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 …

Got another MT4-only indicator converted to a full compatibility with MT5 today (now there are only 5 indicators left to be converted, counting those that I am not going to convert at all). It’s the Float indicator, which can be used to detect trends, their strength …

Added an MT5 version of the Easy Trend Visualizer MetaTrader indicator to the site today. It has almost the same functionality as an MT4 version. The conversion process was rather painful with this indicator and it was the first time I really hated new MQL5 and MT5. Not only the code became more …

I’ve converted the Laguerre trend’s strength indicator from MQL4 to MQL5 today so that it can now be used in MetaTrader 5 platform. Not much interesting in the process of the conversion and the MT5 platform doesn’t add anything useful or new in functionality to this indicator, but I guess some traders …

Trend indicators seem to be the most popular ones among the Forex traders. Indeed, Forex market is quite trendy and if a trader manages to catch this trend in its early stage and exit not long after the trend ends, considerable profit can be made. Today, a new free …

Another nice indicator that is capable of detecting the trend changes and showing the current trend’s strength and direction was added to the list of MT4 indicators on my site. It’s a histogram indicator, meaning that it doesn’t trash your chart but rather displays itself in a separate window below the main chart window. …

I uploaded a new ebook to the Advanced Trading Books part of the site today. It’s actually a rather small article than a real book — Trend vs. No Trend by Brian Dolan. It was originally published in TRADERS’ Magazine in 2005. It describes the advanced methods of the trend detection that would work in the undetermined …

One of my site’s visitors asked me about the MetaTrader 4 indicator called “Float“. So I’ve decided to find this one and add it to the MT4 indicators list I maintain. Now everyone can download this interesting indicator and try to use it in Forex trading. It is …

EUR/USD reached its one month minimum level today during a fast dollar rally that has been influenced strongly by the yesterday’s FOMC statements. Is it a bull trend break, or just a small correction before the new heights? The answer will lie in the next 2 weeks — the next one can …