Free Metatrader Indicators
Fully functional auto supports/resistances indicator for Metatrader 4. The user can choose between drawing only long-term S&Rs, or both long-term and short term. No more going back to find S/R’s, start using this indicator to automate the process.
Derived from signal processing, this indicator is a state-of-the-art, low-lagging smooth trend indicator, for Metatrader 4 and NinjaTrader 7. The advantages over other moving averages (simple, linear weighted, exponential, etc) is that AT Dynamic Trend signals a trend change quicker, and isn’t erratic as the linear-weighted and exponential moving averages. The recommended periods to use are 15 and 21. Alerts in Metatrader, by email and push notifications.
Draws Daily, Weekly and Monthly pivots and the respective supports and resistances levels (S1, S2, S3, R1, R2, R3). Ideal for placing stop losses and/or use as a break-out strategy. Set R1, R2, R3 and S1, S2, S3 to true to show pivots supports and resistances levels.
In order to know if it’s ‘expensive’ to trade a given pair, the spread should be compared to the pair’s natural volatility. A 2 pips spread in a pair that usually ranges 300 pips a day represents a low cost, while on a pair that ranges 40 pips a day represents a more expensive cost. This indicator compares the spread to the pair’s average range in each TIMEFRAME, and highlights expensive timeframes to trade. Additionally, it shows the cost of the spread in currency, converting to your chosen currency.
Shows the news events in the chart, both in a panel and in the chart. It shows you the news time in your local time, as well as the number of bars until the release, for an easier trade planning. News impact is distinguished with different colors, and it’s possible to filter the ones you wish. Features alerts before the news events.
The Daily Range Indicator 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.