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.
Features
- 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.
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
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!
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
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:
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.
- AT-VSA Implementation
- AT-AdvancedVolumes Implementation
- AT-AlertSystem Implementation
- AT-Congestions Implementation
- AT-Reversals Implementation
3. UPDATING: As always, you can update the indicators by either:
- Using the download button that should show on your Metatrader’s charts (with one or more indicators loaded)
- Using your download link
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’.
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
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!
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.
Since the New Year, I have been busy updating the available indicators, and so I haven’t had time to post on the blog unfortunately. Once these updates are done, I’ll resume the blog posts, and with the improved indicators, which will certainly be worth it!
News Indicator for Metatrader 4
This indicator shows the relevant news to each pair directly in Metatrader’s chart and it comes with alerts. It’s very useful to keep track of news without having to lose focus, by going to an external website.
News Indicator for Metatrader
Supports/Resistances 2.0
The supports/resistances indicator has various updates, and it now:
- Has a smarter system of S/R’s detection
- Draws from S/R origin formation, instead of cluttering the chart with an infinite line as before
- Comes with colors, width and line customization options
Like before, this indicator:
- Draws short-term, mid-term and long-term supports/resistances automatically
- Updates lines as they are broken
Supports/resistances (S/R) indicator for Metatrader
Spreads Indicator 2.0
The spreads indicator shows the spread in terms of the timeframe’s average range. This should be the term of comparison when evaluating if the spread is costly or not. Which one is better? A 4 pips spread on a pair that moves 400 pips a day, or a 2 pips spread on a pair that moves 100 pips a day? The first one is clearly better, because even though the cost is higher, the potential reward is 4 times better also. ‘Spreads’ compares the spread to each timeframe’s average range, and based on its value, it paints it as green, yellow or red.
Green – Cheap spread
Yellow – Costly spread
Red – Expensive spread
With the new version, Spreads updates these values every tick, and shows the spread cost in $ (or chosen currency).
Spreads Indicator Metatrader
Download Indicators
Download all these, plus a trend and pivots indicator, all for free, below:
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We have just released the video explaining the most recent indicator, Congestions. It’s an indicator that detects certain supply and demand patterns which form buying/selling zones, and serve as supports/resistances.
This is an improvement over standard supports/resistances, that don’t really take real supply/demand into account to draw the resistance areas, which has to be seen by the volumes. This results in more reliable and predictable resistance areas.
You can check the video below:
