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.

Pattern Recognition Master - Candlesticks

Hello,

This cool little indicator for metatrader 4 trading platform is able to scan any chart on any timeframe for candlesticks pattern formations and alert you as soon as a new one is formed. For those who are already into candlestick analysis, they already know about the high strike rate and strength of candlesticks when it comes to patterns.

When a pattern forms, there is a big chance that the market will move according to this pattern. The pattern give you some hidden knowledge about what should be going to happen sooner or later in the market. The indicator is pretty easy to interpret and the settings is very clear and straight-forward. You have the option to turn On the alert switch it off. I hope that this indicator brings more pips into your trades' basket.

Download this indicator now and relieve some stress from your brains.

Metatrader Indicator - CCI Arrows

One of the most powerful indicators which come together in the Metatrader(MT4) trading platform is without doubt the CCI indicator. The CCI indicator can indicate the trend direction with quite a high rate of accuracy. The popular setting used for the CCI indicator is 14 and the level which the traders normally watch is the Zero(0) line. Once the CCI crossed the 0 line from below, it means that we might have a buy situation and if the cross is in the opposite direction, it would mean a sell situation. However, you will need to plot the CCI indicator on your chart and hunt(wait) for this cross to happen and try to catch it with your own eyes. However, with this little indicator... You are saved from this pain... You do not even need to plot the CCI on the chart... Just put the CCI Arrows indicator on your chart and each time the CCI crosses the Zero line... It will draw an arrow depending on the direction of the cross.. A red arrow should mean a chance to sell and a Blue arrow should mean a chance to buy... However, the indicator should be used with a trading system and not stand alone.

I hope that you find it to be a useful addition in your trading toolbox. You can read more on this indicator and download it at your convenience.

Rumor : Banks use Indicator Camarilla

Do you know Camarilla Equation? This is seems like ordinary pivot,support and resistance levels. But I heard some rumors that Bank's Traders are using these levels to take positions. This equation is well known in S&P index trading and now traders are bringing this to forex.HistoryDiscovered in 1989 by Nick Stott a successful bond trader in the financial markets, the 'Camarilla' equation quite