Average Daily Range Indicator launched!

We recently launched our AT- Daily Range indicator! AT – Daily Range for MT4 (Metatrader 4), also called Average Daily Range (ADR) indicator, is a fundamental tool for day traders that calculates the average daily range, along with chosen confidence levels, so that you can better estimate the daily volatility. It also shows the expected top and bottom price based on this average range.



  • Shows the average daily range along with the completed %
  • Pinpoints the current day’s range in % to the average
  • Shows the 75% and 90% daily range confidence levels (customizable)
  • Plots the expected daily range directly on the chart

Download the indicator here for FREE, along with our other 5 freemium indicators.

Supports/Resistances Pro Launched!

We are excited to announce that we launched a new indicator – Supports/Resistances Pro. This indicator adds functionalities to our free S/R indicator:

  • Draws supports/resistances automatically (short, mid and long-term)
  • Shows the risk:reward based on these in order for you to better plan your trades
  • Alerts when price is nearby, on break-outs and when a new S/R is formed
  • Former supports turn into resistances on break-out and vice-versa
Supports/Resistances Pro USDCHF

Just like all of our other premium indicators, you can try it out on your Metatrader using our demo.


If you wish to know more about the importance of supports/resistances and how to use them, check out this supports/resistances indicator guide.


If you want an indicator to draw these supports/resistances automatically and warn of your these critical price areas, take advantage of our 30% black friday promotion with the coupon ‘BlackFriday2022’ while it lasts!

Supports/resistances Pro indicator box

News Indicator Updated

We updated the AT – News Indicator for MT4 (Metatrader 4) :

  • Fixed a bug where news weren’t being retrieved
  • Added vertical lines with a label to highlight the news events
  • Added the news event’s day of week/hours, in your local time

news indicator metatrader 4 (mt4)

Just as before, the indicator will alert you of news events and allows you to filter between low, medium and high impact news. The indicator is also highly customizable, so, for example, you can hide the panel and make it just show the vertical lines, vice-versa, or both.

We also did a small update to our AT – Spreads indicator: you can now customize the font type and size.

Click below to download it along with all the other free indicators that we have available:

GBPUSD ‘Dynamic Trend Up’ Setup +38 pips

Setup: Dynamic Trend Up
Order: Long Market Order (1.3150)
Initial Risk:Reward: 2.01


Dynamic Trend Up


In this setup we use the dynamic trend indicator, also integrated in the alerts indicator. We aim to benefit from the immediate imbalance of supply and demand, and enter when the short-term trend is on our side.
The long trade was opened at 1.3150 and closed at 1.3188 (take-profit hit).


Want to receive our MT4 indicators for FREE? Get them right HERE + receive a free trial on our premium indicators!

GBPUSD Intraday Snapshot (Trend, Levels, News, More)

Trend (short-term): UP
Market Background (mid-term): STRONG
Supply/Demand: N/A
Support (nearest): 1.2979
Resistance (nearest): 1.3144
Next Event: Empire State Manufacturing Index (1h 29m)
Next High Impact Event: CPI y/y (1d 21h 29m)
Volatility: AVERAGE (-6% avg.)
Daily Range (Expected): 1.3030 – 1.3112 / 51% of avg. daily range Completed




Want to receive our MT4 indicators for FREE? Get them right HERE + receive a free trial on our premium indicators!

Indicator Updates September/2018

We have released a new update on several of our indicators today – namely in the VSA System and News Indicator (free).


1. CHANGES: In the VSA System, a few reported bugs and typos were fixed, and the news indicator got a larger panel so that the titles are fully shown. Click HERE to check all the changes.


2. SAMPLE CODE: We also provided sample code that implements various indicators functions, in case you are looking to implement them in your EA or custom indicator.


3. UPDATING: As always, you can update the indicators by either:

  1. Using the download button that should show on your Metatrader’s charts (with one or more indicators loaded)
  2. Using your download link


AT – News 2.0 for MT4 Launched – Download for FREE

News Indicator

AT – News 2.0


We have recently launched AT – News 2.0, an update that adds the option to show more news on the chart and it comes with an improved and more compact look.
This update also fixed some bugs from the previous version, so if you are using our news indicator, make sure to download the new version for free:

» Download AT – News 2.0 for Metatrader 4 (FREE) «

INSTALLING: simply extract the ZIP file to your Metatrader’s data folder (go to File > Open Data Folder to go to this directory). Afterwards, the indicator will be available in your Metatrader under the name ‘AT-News’.

Trading System VSA 5.0 Launched!

VSA Trading System

                               VSA Trading System


We have recently launched VSA 5.0, an overhaul to the VSA Trading System that optimized the alerts to get higher success rates and made them more actionable.


New setups from the Congestions indicator were also added, so that the system alerts you when there is strong action near a supply/demand zone.


Another big feature coming in this overhaul are closing warnings – whenever there is supply, price gets near to an important resistance, or there is weak action, the system will alert you so that you can reduce your risk.


Together with these changes, there were others to make the system easier to use and to setup. Check the VSA System changelog page for all the changes.


Users should check the updated user manual for all the info regarding each one of these features, and how to implement them in your trading. You will also have access to a ‘How to setup’ video in your user area. As always, feel free to contact us should you have any question.


Not an user yet? Try VSA demo here

Upcoming VSA System Update

I’m pleased to announce that we are about to launch the long awaited version 5.0 of the VSA system for Metatrader 4, that will improve many of the existing features and add entirely new ones. We have implemented many of the users requests from previous versions, and expanded the system to make it easier to use. With this new version, it will be easier to setup the charts, to use the alerts and to keep up with the exit signals.


Among the changes are:

  • Improved algorithms on Trading Setups – the system now checks for accumulation/distribution, price action and more
  • New alerts with congestion zones
  • Alert closing warnings
  • Alert locking
  • ‘Lighter-weight’ indicators
  • And more!

Exit warnings on EUR/USD H1


As always, the update will be free to existing users. Once the update is released, check for a notification on the charts or for an email.

Chart Types Used In Technical Analysis


Market Charts



After opening an account with a broker, traders need to be aware of the different chart types out there. These are essential for traders in terms of decision-making as the information they supply is much valuable. In the following article, we will cover the most popular chart types used not only in Foreign Exchange but in most financial markets. We will also reference other ways in which technical analysis can be more effective. But first, how exactly are Charts illustrated in trading?




Charts are usually represented either linearly or logarithmically, being the X axis time and the Y axis price. Most commonly used Charts are time-based, but there are also popular Charts that do not rely on this factor, as we will see on ahead. As such, in this type of Charts, price movement is represented depending on what Time Frame you are analyzing. These can be set to be daily, weekly or even monthly or charted on Intraday Time Frames as small as 4 hours, 1 hours, 30 minutes, 5 minutes or even every 1 minute.

The main advantage of having several Time Frames is that you can conduct Multiple Time Frame Analysis. This, as we discussed in previous articles, is a great aid when trying to spot better trading Scenarios. Furthermore, being time-based, this enables traders to view prices live, base their actions on past data and time their orders in a simple and effective way.

Another indicator, often overlooked but commonly used with time-based Charts in technical analysis are Volumes. These give us the number of times a contract or share was traded in the market and are a measurement of market strength. This means that the relevance of the price action often depends on volume in that time.




Line Chart


The Line Chart, one of the simplest charts, only illustrates the closing price of the security in the specific Time Frame. The line is drawn, per example, by connecting the closing price of the GBP/USD at 11 p.m. to its next closing price at 12 p.m.


Line Chart


It is a clear and simple way of getting a general idea of the price movement’s direction in the market, which is preferred by some traders.

Nonetheless, it lacks information that is also important like the highest and lowest prices that the security reached in that Time Frame. This fact may be a deal breaker for traders whose strategies rely on these indicators, such as those who trade supports or resistances.  Trading trends or retracements can also be applicable in a line chart. However, other charts simply provide a more in depth analysis than line charts which is in most cases is preferable for technical Analysis


Bar Chart


Bar Charts, also referred to sometimes a type of OHLC Charts, add on the previous chart by being able to show Opening, High, Low and Closing prices, as the acronym sujests. They are composed of a series of vertical lines that represent the price range during that Time Frame. In addition, each vertical bar has two horizontal bars: One on the left indicating at what price the security opened and another on the right indicating at what price it closed.


Bar chart


Contrary to the line charts this will enable the trader to paint a better picture of the market with ease. Patterns and different signs that these bars can give allow the trader for a much more thorough analysis.


Candlestick Chart


Similar to the bar chart, the Candlestick Chart gives traders the same information but are represented in a different way.

The wider part of the candlestick is shown between the opening and closing price. It is typically colored in black/red when the security closes on a lower price and white/green the other way around.

The thinner parts of the candlestick are commonly referred to as the upper/lower wicks or as shadows. These show us the highest and/or lowest prices during that timeframe, compared to the closing and opening price.


Candlestick Chart


The main distinction between both charts has to do with the opening and closing prices. The bar chart focuses more on the relationship of the closing price from one Time Frame to another. On the other hand, with a quick look to a candlestick chart, market sentiment becomes much clearer. This due to the coloring of the real body of the candlestick which emphasizes the relationship between the closing and opening price within the same time frame. This illustration is one of the reasons why this type of chart is so popular.


Renko Chart


Unlike the other Charts, the Renko Chart focuses only on price movement, completely disregarding time and the usage of volumes.

This Chart is composed of white and black bricks. These are placed depending on weather the price rose or not compared with the previous brick. If it did by enough pips, established by the brick size, a new one is placed. White bricks are used when the price of the security goes up and black bricks when they go down.


Renko Chart


It is important to point out the fact that a new brick is only placed under certain volatility criteria. Either resulting in a major advantage or disadvantage for traders. It can be placed in a matter of minutes or take more than a day depending on market conditions. On one hand, this may be advantageous. Especially for traders who want a simple way of identifying supports and resistances, the overall trend and filter noise. On the other hand, this can make market sentiment hard to determine. Consequently rendering the usage of other analysis tools useless.


To Sum Up


Each Chart has its own utility. However, their usage depends on the type of trader you are and strategies that you prefer to put in practice. So, having a general knowledge of the options you have when it comes to analyzing securitie’s behaviour is an advantage.

To go even further and put to practice some of the concepts discussed in this article you can download a demo of our VSA package. Improve your trading results with supply/demand Signals and other indicators that this Trading System provides.



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