Simple 1HR Trend System

Here is a simple and easy little system which will help you to take advantage of the heavy trends which usually occur each year withing October and May. The system comprises of 2 metatrader indicators which gives buy and sell signals. The first indicator is a custom made Moving Average indicator which only show an arrow each time there is a signal. A Green arrow for a long signal and a Red arrow for a short signal. However, we do not enter the market on the appearance of the arrow alone but we need to confirm the direction with a second buy and sell indicator which is a mapped version of the RSI indicator. The Mapped RSI shows long signal when it turns green and shows short signal when it turns Red. However, when the mapped RSI turns grey, then it is an indication to exit the trade and that the trend might be changing. So, when the buy and sell signals from these 2 indicators are coupled together, we get a strong signal in the direction of the trend and we take the trades in that direction. Here are the indicators and metatrader template for you to download and use. Good luck. source

Forex Scalping Indicator - Waddah Attar Scalping

Here is a little indicator that might come in handy in your scalping journey. It can be used as a buy indicator or as a sell indicator. When we have 2 candles which has closed and the indicator closed in 2 consecutive green bars, it means the indicator is giving us a buy signal and when 2 candles has closed and the indicator has drawn 2 consecutive red bars for these candles, then it means that the indicator is giving us a sell signal. As you can see in the screenshot above, the piece of code can be used as a buy and sell indicator. However, I suggests you do not use it stand alone and you experiment with it along with other indicators you might like. If you come up with anything useful, do let me know about it. After you download the indicator, place it in the metatrader indicator folder and you will be good to go. Good luck. Source

Fractal Zigzag Indicator - A cool variant of the standard zigzag indicator

Many traders like to use the zigzag indicator with their trading method. Expecially those who works with elliot waves and chart patterns. I have already posted a better zigzag indicator in another post and you can search for it on this site. The other zigzag indicator is called 'parabolic zigzag'. This version on the zigzag I am posting right now is called the 'fractal zigzag indicator' and it not any better than the parabolic zigzag. The difference with this zigzag indicator is that, it draws the lines, the peaks and the bottoms based on the fractal formation. A fractal is formed when we have 1 high with 2 lower highs on each of its sides for a bullish fractal and a bearish fractal is formed when we have a low with 2 higher lows on each of its sides. However, this fractal zigzag indicator let you change the settings of the fractal depth you want to investigate into. For example you can use a fractal depth of 3 and the fractal zigzag indicator will look only at fractals which has 3 lower values on each side of the new extemum (high or low). I hope that you find this indicator useful. Download the fractal zigzag indicator now.