Tag: forex indicator

Linear Regression Angle MT4 is an indicator that was created by the multi-product author Vladimir Komov. The product has remained at version 1.0 since its original launch date on February 8th in 2017 and is available on the mql5 website.

Overview

This indicator was designed to define trends at the moment they are created, in addition to defining weakening trends. Linear Regression MT4 calculates the value of the linear regression and displays it in the form of a histogram, creating an angle from the signal line and the angle offset from a certain number of bars. Analyzing the output is fairly simple: an angle value above zero indicates an uptrend, while anything below zero indicates a downtrend. The higher the value in whichever direction, the stronger the uptrend/downtrend will be.

Here are a few more of its features:

• Works with any instrument or timeframe on the MT4 platform
• Never repaints or recalculates
• 3 main uses; trend indication, identifying trend strength, following the trend

Service Cost

The developer offers the following pricing options:

• Rent for $10 USD for one month
• Rent for $15 USD for three months
• Purchase for $25 USD

We can’t really complain about those prices, especially since the author offers the ability to rent at a lower rate. Note that the product allows a standard maximum of 5 activations. Free demo accounts are also available for testing.

Conclusion

Linear Regression MT4 is indicating trends from the moment of creation and pinpoints weakening trends, making it a useful tool for identifying trends, the strength of any trend, or following trends. It is also a versatile product that works with any instrument or timeframe. On the downside, this product hasn’t received any ratings or feedback – we’re fairly confident that the author knows what he’s doing, as he has published multiple other products, but many of them also remain unrated. We’d recommend playing it safe and trying out the demo account first to check for consistent results.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/19846

AnyProfile MT4 is a trading indicator that is available on the mql5 marketplace. The author, Evgeny Shevtsov has a product portfolio that includes nearly 30 separate products on the website. This particular indicator was uploaded in January of 2016 and was last updated to version 3.1 almost 3 years later in 2019.

Overview

Anyprofile MT4 is a volume profile indicator that was designed to work with the most commonly supported trading platform, MetaTrader 4. The indicator was created to display market profiles of any duration in any place on the chart. Users can simply create a rectangle on the chart, which can be resized or moved and it will automatically be filled by the profile. Traders will be able to work with input parameters, control buttons, and input variables related to the quantity limit, timing refresh, and rectangle prefix, along with some display settings.

Service Cost

The developer limits purchase options to buy at the full price of $39 USD. It’s always a little disappointing when renting options aren’t available, as traders can typically rent software at a lower rate for testing, or as an alternative, if they aren’t prepared to pay the full cost. On the bright side, demo accounts are available to help make up for the lack of renting options.

Conclusion

This indicator is a simple, yet effective MT4 profiler that comes with a rich array of settings. As always, we were curious about the experience others had with this product. Here’s what some users are saying:

“Great product, reasonable price. One of the best investments I made on this site.” -Ayman

“This indicator is a must-have tool if you work professionally.” -marco85s

“This is without a doubt the best and most useful trading tool on the MetaTrader market. If you are serious about becoming a legit trader, learning how to apply this tool to your trading technique would be the smartest thing you could do.” -Joseph

These comments more than back up the indicator’s 5-star rating and make us less concerned about the price. Judging from the comments we found, this is a must-have tool for many traders. If you’re looking for a market profile, then this just might be the one for you.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/14244

Naked Forex Big Shadow is a trading indicator that has been available on the mql5 website since May of 2017. It was created by the IT engineer/FX trader and author of multiple products, Renaud Candel, and currently remains at version 1.0 as of April 2020.

Overview

Naked Forex Big Shadow is a pattern recognition indicator that works on the MT4 platform with Forex, Binary Options, Futures, Commodities, and Stocks on any timeframe. Using a strategy that is based on price action, the indicator is an improved and effective pattern of the engulfing candle. Parameters are fairly straightforward, covering only the distance and alert settings, which results in an easy to use the product for traders of all skill levels.

Service Cost

Traders can either rent the indicator for $17 USD per month or purchase it for $147 with 5 activations. The purchase price is a little high for this type of product, but renting should be a suitable option if you aren’t prepared to make a larger investment. The author also points out two other products that would work well with this one, both of which can be rented for lower prices or purchased from the $147 – $190 range. Free demo accounts are provided for all of these products, including the Naked Forex Big Shadow.

Conclusion

Naked Forex Big Shadow is a trading indicator that uses a price-action strategy in order to provide an enhanced pattern of the popular engulfing candle while working with all instruments and timeframes. Although more than 700 users have downloaded the demo version, the product hasn’t received a single review or comment, which is somewhat concerning considering its indicated popularity. The author Renaud Candel has published nearly 80 products on the mql5 website, however, so we don’t doubt his ability to create a useful product. Still, we would recommend renting this indicator first to be sure that it is effective before making the full $147 purchase.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/22785

PipsMinerFast is a trading indicator that was added to the mql5 marketplace in December of 2015 by the multi-product author Remi Passanello. It was most previously updated to version 1.5 on March 10th of 2020 to allow for more documented comments in alert messages.

Overview

PipsMinerFast is an indicator that primarily follows trends while also using price action in order to show traders trends immediately with minimum lagging. It works on all timeframes and manages to accommodate exotic pairs like GBPNZD on the MT4 platform. The author has promised to code a version for MT5 after 4 requests (we counted one so far). Through charts, the author details how the indicator outlines potential wins in pips, as well as potential losses.

The developer does not try not to make this indicator sound like a magic solution, but he does claim that the success rate is fairly high at a rate of around 90%. Note that the indicator is not repainting and it is adaptable when it comes to spread level, smoothing, etc. Although it is not among the requirements, working with a low-spread broker would be more beneficial to the trader.

Service Cost

It costs $120 USD to buy the program with 5 activations, otherwise, traders can rent it for one month at the reduced rate of $53. It’s nice to see that renting is an option, but the price for one month is rather high compared to the $10-20 range we often see with other indicators. If you want to test this indicator, it may be best to do so with a free demo account instead.

Conclusion

The author of this indicator provides a straightforward presentation of his product. It shows traders the trends in the market with no repainting and works with a variety of currencies and timeframes with a 90% success rate. We found users to be fairly happy with their results, so long as a good trading strategy is used in combination with the indicator.

There aren’t many reviews; however, the developer seems to be very in touch with clients through the comments section, and he is readily available to answer questions or consider requests. For the cost and amount of time that the product has been released, we would like to see more feedback, but everything points to this indicator being a helpful tool when used correctly.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/13184

Quantum Trend Volume is an indicator that was uploaded to the mql5 marketplace by Svyatoslav Kucher, who has published 30 different products altogether. The indicator was added in August of 2017 and most recently updated to version 1.30 in July of 2019. The last update focused on fixing some problems with the code.

Overview

The indicator uses an algorithm calculation that was created by the developer with the intention of recognizing trends within the market. Following the same pattern we’ve seen with many other indicators, it was designed to work with the most popular trading platform, MetaTrader 4, and it is compatible with all currency pairs and timeframes. Parameters are fairly straightforward and cover the main settings, including the Firstperiod, SecondPeriod, and Shift, along with multiple other settings that deal with alerts.

Service Cost

Traders are provided with two separate options for acquiring the program; renting at a rate of $20 USD per month, or purchasing with 5 activations for $65. Indicators typically go for around $30, but traders will still have the option to rent the program at a fair rate. Free demo accounts are also available for any users that would like to test them before buying/renting the software.

Conclusion

The Quantum Trend Volume indicator works to identify trends within the market, which is helpful regardless of what type of trading style(s) one might use. Being that this indicator bases its findings using a calculation method created by the developer, it’s generally a good idea to see if others have found it to be successful. We found the indicator to have a 5-star rating, but this is only based on 3 reviews and 5 comments. Being that there isn’t much feedback, our recommendation would be to test it using a demo account, or either to rent it for one month in order to make a more informed decision.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/24573

Universal Alert MT4 is a trading indicator that was launched within the mql5 marketplace in February of 2019 by developer Alfiya Fazylova. As of April 2020, it has not received any updates.

Overview

Universal Alert MT4 is a notification system that provides traders with seven different types of signal alerts from any custom indicator. The seven different types of signals include:

• IntersectionPrice
• IntersectionOscillator
• RepulsedPrice
• RepulsedOscillator
• Emergence
• CrossingLine

The above covers the intersection of oscillator/indicator lines from a specified level, price rebound from the indicator line, repulsion of the oscillator line from a specified level, and so on. When entering input parameters, it is crucial to follow the author’s rules, which are outlined in a chart in the product’s description.

Service Cost

Traders can either rent the product for $10 USD per month or purchase it for $30 USD. If you’re interested, a free demo version is also available for testing.

Conclusion

Universal Alert MT4 provides traders with several different types of signal alerts. The concept is pretty straightforward and the alert system should work correctly as long as the author’s input rules are followed. Unfortunately, this product hasn’t received any ratings or comments since it was launched, so we don’t have any feedback to review. Those that feel that this product would be convenient for providing alert notifications should take all of these things into consideration, along with the $10 – $30 price.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/35749

Tipu Trend is a trading indicator that was launched on the mql5 website in December of 2018. The author Kaleem Haider is a founder/CEO of Tipu Trading and last updated his product to version 1.40 in August of 2018.

Overview

Tipu Trend is a straightforward indicator that shows the trend of the selected timeframe on MT4. The blue line is indicative of the uptrend, while the red line indicates the downtrend, and the gray line is representative of the ranging market. The indicator does not repaint, smooths the noise in the price action, and highlights ranging markets. Best results are received in a trending market, and the author suggests using this indicator in combination with one or more products to receive the best results.

Service Cost

The indicator can be rented for $15 USD a month, or purchased outright with 10 activations for $59. A product extension, titled Tipu Panel, is available from the same author for free. The product shows the trend and signal of the selected timeframe with a customizable panel. While helpful, it isn’t necessary to download the free version if you aren’t interested. Free demo versions of both products are available for testing.

Conclusion

Tipu Trend shows the trend of the trader’s selected timeframe with a simple design that includes blue, red, and gray lines, along with visual buy signals. It has received a 4 ½ star rating on the mql5 website, with mostly positive reviews.

For example:

“Nice … used a lot of indicators this top!” -Cailu168

“Excellent Product top-notch indicator number one indicator on MQL5” -Mujeeb

“Not better than any other trend indicator… a simple moving average will do the same in good market conditions. Don’t waste your money.” -Davide

Traders should note that the purchase price of the indicator is a bit high for the type of product, especially considering that it needs to be used in combination with other products, which raise the total investment one needs to make. The product is fairly straightforward, but traders may want to compare the features and prices of similar products before making a decision.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/13356

RSI Alert Pro is a trading indicator that can be purchased from the mql5 marketplace. The developer, Crispin Scruby, is a founder of FX AlgoTrader who has published 13 products on the site. This particular product was launched in December of 2015 and last updated to version 2.1 in August of 2018.

Overview

RSI Alert Pro is advertised as being a highly configurable RSI indicator with rich alerts and monitoring features. RSI actually stands for “Relative Strength Index”, which is usually used to indicate temporarily overbought or oversold conditions in the market. Several of the parameters revolve around alert features, while some are concerned with the display width/style/levels.

Traders should be cautious when using any RSI-based indicator, as sudden price movements can cause it to spike up and down, resulting in false signals. Historically, this type of indicator is best used in combination with others because the price often extends beyond the indicated overbought or oversold zones. This indicator is compatible with MT4, so there should be no issue finding compatible indicators to use it with.

Service Cost

Traders will only have the option to buy this indicator outright for $30 USD with 5 activations. It isn’t possible to rent it for any amount of time, which is slightly inconvenient. This makes the free demo version the most economical way to test the product before purchasing.

Conclusion

RSI Alert Pro is a simple RSI Alert indicator that identifies overbought or oversold conditions in the market. We were concerned about some of the shortcomings of this type of indicator, so we headed over to the comments section to see what others were saying about this product.

We found the following review to be helpful:

“For all who work with RSI – this is a must. I work with this indicator and it informs me about changes in RSI. I let it run over many charts at the same time. Stay informed!” -Thomas

The only other comment was related to downloading the indicator, so we don’t get to see much helpful feedback about this product. Purchasing isn’t necessarily a bad idea since the indicator is priced fairly and free demo accounts are available. Our final recommendation would be to use this product in combination with another indicator that can help to make up for its potential shortcomings regarding false signals and prices extending over overbought/oversold zones.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/13591

PTS Precision Index Oscillator is a trading indicator that was added to the mql5 marketplace in February of 2016. The author, PrecisionTradingSystems, last updated the product to version 1.1 with some color changes about one week after the original release date.

Overview

The indicator’s purpose is to provide accurate signals by highlighting early warning signals, which are flagged when + or -3.4 is reached. It works with any product with price and volume on MT4. Signals give traders an idea of whether the next bar will reverse, resulting in small or large moves or occasional lack of movement. The indicator is based on several different mathematical equations that work together to predict where the turning point in trends is most likely to occur.

One of the key differences between this and other indicators/oscillators would be its ability to efficiently pinpoint exact tops and bottoms. The author is straightforward about the fact that this indicator does not guarantee profits – he states that exit stops and effective risk management skills are crucial for long-term success.

Service Cost

This author allows traders to rent the product at a rate of $45 USD per month, with the second option being to buy the program outright for $295 with 10 activations. Compared to other prices out there, this indicator is quite costly, as the price to rent this indicator is more than the overall price to buy many others. On the bright side, the author does offer a free demo account that has been downloaded by others more than 1,000 times.

Conclusion

This indicator works differently from others by pinpointing exact tops and bottoms while figuring out where trends will likely occur by using strategic mathematical formulas that measure price and volume movement in multiple timeframes. We’re always curious as to what others are saying about any given product, as traders can often avoid bad purchases based on other’s heartache.

Unfortunately, this indicator hasn’t received any reviews, and users typically use the comments section to ask the developer more technical questions. Good reviews tend to make us more confident when it comes to expensive trading tools such as this one, but traders should be able to follow the author’s advice in order to receive good results using this indicator by trading with a reputable broker, using exit stops, and practicing risk management.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/14300

Multi oscillator divergence is an indicator that was uploaded to the mql5 marketplace by Jan Flodin in July of 2017. The developer updated it to version 2.4 in February of 2020 to add custom alert text and to add the possibility to scan for early divergences.

Overview

The indicator detects bullish and bearish divergences that occur between the price and the frequency of a symbol. It uses an RSI (relativity strength index) filter to compare recent price gains against losses, thus making it possible to identify overbought/oversold conditions in the market. The indicator can detect divergences for the following: MACD, OsMA, Stochastics, RSI, CCI, RVI, Awesome, ATR, ADX, Composite index, OBV, MFI, and Momentum and limits traders to one oscillator/indicator at a time.

The indicator contains one buffer that can be used with the custom function in an EA, draws solid or dashed lines based on regular and hidden divergences, and sends alerts when a divergence has been detected. This indicator is compatible with MetaTrader 4 and the author has also published several other divergence-based tools (scanners, EAs, dashboard, etc.).

Service Cost

It costs $30 to buy the indicator with 10 activations, which is a fairly standard price with a good number of activations allowed. The author also provides the option to rent the indicator at $10 per month or to test it using a free demo account. Either option should give traders the ability to test the product before deciding whether to make a larger investment. Do keep in mind that the author has multiple other products that could be used in combination with this indicator, so costs might add up if you plan on using some of the other tools that are available.

Conclusion

The Multi oscillator indicator helps traders detect divergences and study price changes in the market, making it a useful tool for making informed decisions, especially in combination with other products that were developed by the seller. It has received a 5-star rating and is well-liked among the community of users that have tested it.

Here are a few comments we found:

“Light on resources and really powerful. Took 3 signals last night. One in a nice profit, the other 2 in a small one but profit as well. A very good addition to my Divergence scanner. I have tested a few so far and Jan’s indicator os by far the most complete and good one.” -4example

“Works just perfect for me. Taking trades only when RSI is above/below 70/30. The hit rate is very high when using it this way.” -bisten

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/24209

MA Crossover Arrows is a free trading indicator that was published on the mql5 website by Amit Goyal. The product was launched in July of 2017 and most recently updated to version 2.1 approximately one year later.

Overview

MA Crossover Arrows draws arrows on the chart when two moving averages crossover. It supports four types of moving averages: simple, exponential, smoothed, and linear weighted, along with several different price types. When a fast-moving average crossing above a slow-moving average, it is marked with a green up arrow, while it is marked with a red down arrow when it crosses below a slow-moving average (unless the colors are changed by the user). This indicator works on the MT4 platform and alerts traders through helpful email, popup, and/or mobile alerts.

Service Cost

As we mentioned earlier, this indicator is completely free, making it a great product for any trader that doesn’t have a lot to invest. Or, traders could use the indicator in combination with another product, as this author has launched a few more options for $99 – $199 USD.

Conclusion

MA Crossover Arrows is a free, simple trading indicator that alerts traders when two moving averages crossover. It has received a rather impressive 4 ½ star rating on the mql5 website, along with some positive comments:

“With new update, it’s perfect!” -nicgall

“Simple yet powerful. A++” -Joseph

“Very good indicator. Alerts are very helpful.” -Max

Any previous problems have been fixed and MA Crossover Arrows seems to be running efficiently. If you feel that this indicator could be helpful to you, then there is no reason not to take advantage of the free download.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/24331

Harmonic Master Scanner Pro is a trading indicator that was created by author Mahmoud Ragab and launched on the mql5 website in July of 2018. It has never been updated from its original version (1.0).

Overview

Harmonic Master Scanner Pro simultaneously scans timeframes from 5M to 1W searching for 17 harmonic patterns, including AB+CD, Gartley, Bat, Butterfly, Crab, Shark, Alternate Bat, Deep Crab, Cypher, Nen Star, and the anti-versions of each. Once a pattern is detected, the indicator would then alert the trader through email. The product is based on the original MT4 zigzag indicator and standard harmonic pattern elements, but it works best in combination with other strategies such as price action or divergence, because fake alerts are possible with pattern failure and redrawing of the “D” (entry point) may occur. Traders can change a few parameters that affect the scanner, with the possibility to stop the scan for certain timeframes or patterns, manage Fibonacci time zones, Zigzag inputs, and so on.

Service Cost

There are two options for acquiring the Harmonic Master Scanner Pro indicator:

• Rent for $50 USD per month
• Purchase for $250 USD

To be honest, the price is a little on the higher side, as some automatic trading robots are available for this price. The scanner doesn’t perform correctly during testing, so traders would need to use the product on a live account, according to the author. However, it is possible to build your own strategy using the backtest.

Conclusion

Harmonic Master Scanner Pro is a trading indicator that scans multiple timeframes for 17 different harmonic patterns. While the indicator covers a lot of ground (multiple patterns, timeframes, settings), we have a couple of concerns about the higher price and the weaker alerts, as the indicator only alerts traders through email. At $50 a month or $250 full price, we would also hope that the product would work effectively by itself, but traders will need to use other strategies/indicators to avoid repainting and false alerts.

Typically, we would check ratings, reviews, and comments to be more aware of whether the price is fitting, but this tool hasn’t received any feedback from users. Overall, this does seem to be a good scanner that does what it was designed for. Traders would simply need to be extra aware of email alerts and to be sure to use strategies like price action, divergence, etc. with it for the best results.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/29237

EZT Macd Pro is a trading indicator that was published to the mql5 marketplace by Tibor Rituper, who has a portfolio containing 13 products on the site. It was published in June or 2017 and last updated to version 1.10 approximately one year later in 2018.

Overview

The EZT Macd (Moving Average Convergence/Divergence) Pro indicator follows the trend and indicates the relationship between two moving averages of the price. We’ve listed a few of its key features below:

-Most effective in wide-swinging markets.
-Three of the most popular ways to use the indicator include crossovers, overbought/oversold conditions, and divergences.
-Works with different timeframes on the hit MetaTrader 4 platform.
-Includes multiple settings that can change alerts, display, divergence options.

Service Cost

It costs $69 USD to purchase this indicator, or traders can rent it for the low rate of $10 per month. There are also demo accounts and a free version of this product that uses EMA (Exponential Moving Average) for calculation, with the difference being that the paid version uses all four moving average types (simple, exponential, smooth, linear weighed) when making calculations. Divergence is another added feature that isn’t available in the free version.

Conclusion

The EZT Macd Pro combines some of the most popular features of other indicators into one by indicating crossovers, overbought/oversold conditions, and divergences. It is a trend-following indicator that is best used in wide-swinging financial markets. Popularity-wise, this product hasn’t received a lot of attention from the community, other than a single 5-star review. This shouldn’t necessarily be a deal-breaker since the author has published multiple products in the marketplace and seems to be a professional.

The availability of a free version of this indicator gives traders a more economical way to test the product, although it only costs $10 USD to rent the full version for a month. Should you decide to rent/buy the paid version, be sure to choose a good broker with a low spread for the best results.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/23233

Interceptor PRO Volume Extremes Indicator is a trading indicator that is available through the mql5 marketplace. It was published on December 4th of 2015 by Dominik Mandok, who last updated it the version 2.0 in September of 2016.

Overview

Interceptor Pro uses a single algorithm that is based on Accumulation/Distribution, On Balance Volume, Money Flow Index, and Relative Strength Index in order to accurately identify extremes of the price indicating retracements and reversals in the trend. It is compatible with the award-winning MetaTrader 4 platform (which is the most common trading terminal available) and uses the following parameters:

-Interceptor Depth: defines the range of normalization in the number of bars taken for Accumulation/Distribution and On Balance Volume.

-Total_Bars: sets the number of bars visible in the indicator window.

-A/D, OBV, MFI, and RSI: Allows traders to adjust the weight of each component. Traders can set to 0 to completely disable any parameter in order to analyze volume alone or etc.

-Money Flow Index & Relative Strength Index.

-Setting alerts (push-notifications, email alerts, etc.)

Traders can also customize colors within the indicator window. The developer throws out a few tips, for example, traders may want to change some of the default settings and follow certain suggested guidelines for specific strategies. If you’d like to know more about these recommendations, the author is willing to respond to messages in more detail.

Service Cost

This indicator can be purchased for $19 USD with 10 activations or rented at a rate of $15 per year. Traders receive a large number of activations for the price and shouldn’t be too hung up on the cost, as this indicator costs less than many others. If you don’t want to take any chances, you could test a demo account for free without making a purchase. The author is also willing to send out a free version that works with one currency pair for additional testing when this is requested through a private message.

Conclusion

Interceptor PRO Volume Extremes Indicator works based on an algorithm that implements a number of normalized indicators, thus identifying extremes of the price that would lead to reversals or retracements in the trend. The indicator hasn’t received a large number of reviews, but it has achieved a 5-star rating, along with a few comments. The developer appears to be highly responsive and helpful, which is always a good sign. His attitude and experience, coupled with the nature of the indicator and its low price make this a worthy investment option that can work wonders for those who understand the logic behind it.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/13202

Entry Point Dashboard Ultimate is a trading indicator that is available on the mql5 marketplace. It was created by the MQL developer Thushara Dissanayake and published in October of 2018. Thus far, the author has not updated the indicator from version 1.0.

Overview

Entry Point Dashboard Ultimate is a technical trading indicator that provides traders with Wait, Buy, Strongly Buy, Sell, or Strongly sell notifications directly through email and push alerts. It includes the following 6 indicators:

• 5 Moving Averages
• CCI
• RSI
• Stochastic
• Bill Williams
• Volume

The product analyzes the above indicators using 3 different timeframes and is suitable with any symbol or timeframe. Traders can also take advantage of customization tools, making this indicator a versatile option that is compatible with multiple different strategies. The developer also offers a free, economy, and deluxe version of this same indicator. Unfortunately, this is the most expensive version, and the author doesn’t accurately describe the differences between the free and $250 versions.

Service Cost

The indicator is rather expensive – it costs $250 USD to purchase EPDU. The author throws renting in as another possibility, with the options being $100 for 6 months or $150 for 1 year. Still, you can typically buy a full EA for the price that this indicator is going for, so we expect to see a fully professional product. On the bright side, the author does throw in free demo accounts, and traders are provided with 20 activations, so there should be no issues if you frequently switch computers.

Conclusion

Entry Point Dashboard Ultimate analyzes the market based on 6 indicators that then sends notifications to traders with recommended actions. This indicator hasn’t received any ratings, and all 3 comments were posted by the developer. Since 2018, only 134 people have tested out the demo version. We’re guessing that the high price is a contributing factor to its lack of success, along with the fact that the author doesn’t do enough to convince traders to buy this indicator, when nearly identical versions are available for a lower price, with no real differences. Our best advice would be to save your money and use the free version, which is actually rated 4 ½ starts with good feedback.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/32308

Adaptive Stochastic is a trading indicator that was developed by Rasoul Mojtahedzadeh, who has published multiple other products on the website. This indicator was uploaded in June of 2014 and last updated to version 3.25 in March of 2020.

Overview

Stochastic oscillators are generally one of the most popular tools used by traders for analyzing overbought or oversold conditions, however, they often come with one main problem – wrong signals are often generated when market conditions change, which results in large losses. The Adaptive Stochastic takes the concept behind a stochastic oscillator, but adapts its period of calculations based on the market conditions, resulting in more accurate buy/sell signals on overbought/oversold areas of the market.

Here are a few more of its features:

-Designed to work on the most popular platform available, MetaTrader 4 with 4 and 5 digit brokers.

-Uses an algorithm that identifies the best period for calculation based on the maximization of the profit over N-past bars.

-Highlights overbought/oversold areas in different colors for easier recognition.

-More reliable than the original Stochastic indicator, according to the developer.

-Alerts traders through email/mobile notifications for buy/sell signals.

Service Cost

If you’re looking to purchase this indicator outright, you’ll be out of luck, as the only option is to rent it at a rate of $33 per year. This is a fairly standard price for this type of product, but this price would usually pay for an indicator entirely, so this might be inconvenient later on. The developer also features free demo accounts for testing, which is a good sign that he believes in his product.

Conclusion

This Stochastic indicator was designed to generate more reliable signals than traditional Stochastic oscillators because it adapts its period of calculation based on market conditions using an optimized algorithm. The product has received a 5-star rating, along with some positive comments.

For example:

“This is a pretty solid indicator, which can be used to show, long term trends and used for intra-day swing trading, helps to show big swings in momentum over a bit longer periods. With the RSI adapter and the Stochastic Adapter they can be a solid one-two punch.” -Richard

“An excellent tool to use as a filter/”second vote” for the already existing setup. I would not use it solo but it was never meant to be used solo. Serves its purpose perfectly.” -Alexander

User reviews tell us that this indicator is best used in combination with other products and that it does its job of providing accurate signals. The developer seems to be onto something with his improvements over more common Stochastic oscillators, which makes the $30 price worth it if this is the sort of thing you’re looking for.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/4796

Belkhayate Gravity Center MT4 is a technical trading indicator that was added to the mql5 marketplace in May of 2019. The author, Ahmed Alaoui Chrifi has published a few other products. This indicator has never been updated from version 2.0.

Overview

This indicator displays the upper and lower price levels on the chart using red and green lines. Traders would then analyze that data, under the assumption that a turn-around is coming soon if the price reaches either the upper or lower level, otherwise, there should be a pullback towards the center line in the case of a strong trend, thus making it an effective tool for confirming major turning points and distinguishing price extremes.

The product is named after a well-known trader who outlined the parameters it follows, which revolve around alerts and the use of buffers that can be used with an Expert Advisor. The name also obviously points out that this indicator was designed to work on the MT4 (MetaTrader 4) platform, as is the case with many similar products, including EAs and other utilities.

Service Cost

Traders are only given the choice to purchase the indicator for $30 USD with 5 activations. This is a standard price for the type of product, although many other developers offer traders the ability to rent their indicators at a lower price for a month or so. Those that wish to test this product before buying can take advantage of the free demo account that is available.

Conclusion

The Belkhayate Gravity Center MT4 indicator is best used for confirming major turning points and identifying price extremes. As always, taking a look at user reviews is a great way to see how a product is working for others. We found the following reviews:

“Faithful adaptation of the gravity center indicator in Ninja Trader. Recommended if you like scalping using this technique. Try it and see!” -Mwaschkowski

“Very good” -Hidden-Daemon

Obviously, these users found the product to be useful, but it would be a little more reassuring if the product had received more than 2 reviews and a few comments. Still, traders can conduct further testing on the free demo version before making a commitment to buy this product, so we don’t see any reason to cross it off your list based on a lack of feedback. When used effectively, this indicator could certainly help traders to identify significant happenings in the market that would result in better trading decisions.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/38247

Black Dragon Indicator is a trading indicator that was published on the mql5 website in June of 2019. The developer Ramil Minniakhmetov last updated it to version 2.0 in March of 2020 to add faster calculations to the formula.

Overview

Black Dragon is a trend-finding indicator that works with all timeframes on the popular MetaTrader 4 platform. Here are some of its highlights:

-Designed for ease of use, making it an effective tool for beginners, as well as experienced traders.

-Versatile: Can be used independently, or as a filter for any other strategy.

-Built-in support & resistance levels can be used for profit-taking and setting up stop losses, including built-in Fibonacci settings.

-Works with stocks, indexes, oil, and Gold on all timeframes.

-Traders can manage alert settings for more efficient trading.

According to the developer, this indicator works well with another one of his products named EA Black Star Premium. Together, the EA and indicator work in unison to make profitable trades by analyzing market conditions, but traders don’t necessarily have to buy the EA if they would prefer not to.

Service Cost

This indicator can be rented at a low rate of just $10 USD per year. Most indicators cost around $30, so we can’t help but find this price-competitive, even though the lack of buying options is somewhat inconvenient in the long run. On the plus side, the recommended EA that works with this indicator is also available for the same low price of $10 per year, making the combination highly affordable. If you’re interested in testing this indicator, a free demo version is also available.

Conclusion

Black Dragon is a versatile trend-finding indicator that works with all timeframes and a variety of products. More than 500 people have tested the demo version so far, and the indicator has received 60+ comments and a 5-star rating. Here’s what some users had to say about it:

“Black dragon is my favorite indicator. It’s so simple to use, as an experienced trader it helps to make decisions quickly and even for newbies this is probably the single best indicator to start with. You don’t need 24 different indicators on 5-time frames, just keep it simple.” -fxresults

“Spent the weekend backtesting with the demo. Great result. First night live, cost of indicator made several times over. Using 5 minutes chart, it is the perfect filter for my entry strategy. 5 STARS.” -Shannon

These are only a few of many reviews that mention how profitable and useful this product is. Black Dragon Indicator is inexpensive – it can be rented for just $10 a year and traders can tack on the supporting EA for only $10 more. As long as it is used in combination with a good strategy, then everyone has the potential for a positive experience using this helpful trading tool.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/39035

CAP Channel Trading is an indicator that is available from the self-described technical analyst, speculator, software engineer, and company founder Mohammad Ali on the mql5 marketplace. It was originally uploaded in February of 2017 and most recently updated to version 5.50 approximately three years later.

Overview

This indicator is volatility-based, meaning that it measures the day-to-day price differences of products to determine levels of supply and demand within the market – essentially, this is a measure of price uncertainty, which tells us when we need to hold off on a trade to effectively practice risk management. This indicator displays channels, which surround the general price action of the charted instrument. Traders know that the market is overbought whenever the price is close to the upper band, and vice-versa when the market is oversold.

Following the developer’s recommendation, traders would open a position when the price comes within 30 points closer to the channel border. This indicator was designed to be compatible with our favorite trading platform, MetaTrader 4, along with a plethora of other similar products. In response to user requests, the author has also published an EA that works with the indicator on MT4 or MT5.

Service Cost

The indicator can be rented for $10 USD per month, or purchased for $30 with 10 activations. This is a fairly average cost for this type of product and the ability to rent it at a lower rate is also a nice touch. If you’re interested in the EA that we mentioned earlier, then you’ll wind up spending $129 for the total package. Traders should also note that a risk-free demo account can be used to test out both the EA and the indicator.

Conclusion

CAP Channel Trading is a volatility-based indicator that displays channels on the chart to let traders know when the market is overbought or oversold. It can also be used to determine the strength of a price trend. The indicator is available for a low price by itself, or traders can buy the EA as well. Taking a look at user feedback, we found some mixed reviews. Granted, this indicator has a 4-star rating, but we’ve included some reviews from both sides below to paint a clearer picture:

“Useless – REPAINT!” -Heiner

“Great indicator for H4 and D1 time frames, provides a good basis for knowing when to open trades, recommended!” -mwaschkowski

“Great indicator to find support and resistance. Highly recommended for index trading.” -starheart

“The channel lines are repainting so the indicator looks better in the history review. It’s pretty much useless in live trading.”-xceed90

Overall, it seems as though half of the users state that they love this indicator, while the other half deem it useless because of repainting. This isn’t only a few users complaining about repainting – even some of the 5-star reviews state that repainting is an issue. Taking everything into consideration, we wouldn’t recommend completely marking this one off your list, but it might be a better idea to rent this indicator for testing before paying the full price, even if it is only a $20 difference.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/20808

Easy RSI Alerts is a trading indicator that was added to the mql5 marketplace in February of 2018. The author Luke Kendall has also uploaded other products that deal with alerts related to CCI and Bollinger Bands. This indicator has not been updated since its initial launch date.

Overview

The RSI within the indicator’s name stands for Relative Strength Index, a momentum-based indicator that measures the gravity of recent price changes to evaluate overbought or oversold conditions. RSI was originally outlined by J. Welles Wilder in his book; however, the developer of this indicator has designed it to follow along with the original version in order to identify the aforementioned conditions and to help traders find entries within the market.

Here are some of the indicator’s highlights and features:

• Designed to be fully compatible with the most preferred trading terminal, MetaTrader 4
• Can effectively be used by traders of different skill levels thanks to the simplistic nature of the product
• A reading of less than 30 indicates oversold conditions, and vice versa for readings over 70
• Push notifications are available, along with audible and email alerts

The developer explains that the simplest way to use it would be to wait for an overbought/oversold condition and then to enter into a trade when the RSI indicates that the price going in the dominant direction of the trend. Traders may benefit from using this indicator in combination with another and prior knowledge and/or skills will definitely have an impact on results.

Service Cost

The overall price of this indicator is set at $30 USD and provides a standard number of activations (5). The developer also offers the ability to rent the product at a rate of $15 per year, which is exceptionally longer than the 1-3-month timeframe that many others would typically offer for the same price. A free demo version is available as well, so traders shouldn’t have any testing restrictions based on available funds.

Conclusion

This indicator offers traders a simple, cheap, and effective way to make informed trading decisions regarding overbought or oversold conditions, so long as it is used wisely. It hasn’t actually gained much popularity; the total number of demo downloads is currently at less than 200 and its five-star rating is based on one user review. We wouldn’t recommend trading without some experience, but this indicator could be a useful tool for beginners that are just getting started, or for traders that don’t want to watch a screen for hours.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/27776

Two Candles to Glory can be found within the MQL5 marketplace, it was created by Ellan Dirgantara Tholkhah and was first uploaded to the site on the 27th of March 2019, it has not had any updates so the indicator is still at version 1.0.

Overview

Two Candles to Glory is an indicator for the MetaTrader 4 platform, its main purpose is to act as a binary options indicator. It was designed to be used with the 1M chart and uses RSI, ADX, and Ichimoku indicators to monitor price movements.

It is recommended to use with all major currency pairs but not with CAD or NZD in them, the indicator comes with an alert feature to let you know of trade setups, it also has the option to work with the martingale strategy.

Service Cost

The indicator can be purchased for $300 so it is more on the expensive side, this will get you up to 5 activations of the indicator with no other limitations. There is also the option to rent it, this can be done monthly and will cost you $25 per month.

There is also a free demo version available, this version will allow you to test out the indicator using the strategy tester within the MetaTrader 4 platform.

Conclusion

There are no reviews available from people who have used the indicator, so we do not know whether people are finding it useful or if it does what it is described to do. There is a comment, the developer has replied to it but this was back in 2019 so we are not sure if the developer is still actively supporting it, you could check by sending any questions you have to the developer before you make a purchase or a rental.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/37140

The TrendMarketMT4 is an indicator that is found on the MQL5 marketplace, we have provided a link below so you can see which indicator we are looking at. The indicator was released back on the 19th of October 2015, there haven’t been any further updates and so the current version of this indicator is still 1.0.

Overview

The TrendMarketMT4 is an indicator that can be used on the MetaTrader 4 trading platform, the indicator calculates the state of the market for the chart that you are currently using. The indicator will look at the angular characteristics of the price line and help analyze and predict the best entry points for a trade.

The settings available with this indicator:

• ShowAllTimeframesInfo – enable / disable the display of information for other timeframes.
• ResistanceLineColor – the color of the resistance line
• SupportLineColor – the color of the support line
• UpperTrendColor – the color of information text in the case of a bullish (rising)
• trendFlatColor – the color of information text in the case of the flat
• LowerTrendColor – the color of information text in the case of a bearish (downward) trend
• Font size – font size of information text
• FontName – the name of the font information text
• EnableAlert – enable/disable the alert pop-up window on the crossing a price and the trend line
• Enable email – enable/disable the alert e-mail when the price crosses the trend line
• EnableSound – enable/disable the sound notification when the price crosses the trend line
• EnablePushNotification – enable/disable push-message when the price crosses the trend line
• SoundFile – the name of the sound file

Service Cost

The TendMarketMT4 indicator costs $15 to purchase, you can also rent the indicator for 1 month which will cost you $10, you can rent it for 3 months for $12 and for 6 months for $14. There is also a free demo version available, however, the site does not indicate what the limitations of the free version may be.

Conclusion

Unfortunately, there are not any reviews or ratings for this indicator, there are some comments from potential and existing clients, some have received a reply while others have not, so the support is not completely there. We would recommend downloading the free version to check out whether it works for your trading needs and that you are able to get it set up correctly before making a purchase.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/12325

Created by Kaleem Haider, the indicator was first uploaded to the MQL5 marketplace on the 13th of April 2016, there have been a number of different updates, the most recent of which was on the 29th of August 2017, this update brought the indicators version up to 1.40.

Overview

Tipu Stochastic is an indicator that was designed to be used with the MetaTrader 4 platform.

Some of the main features of the indicator:

• Choose three types of signals (Reversals, Main Signal Cross, and Overbought/Oversold Cross).
• Customizable Buy/Sell alerts, push alerts, email alerts, and visual on-screen alerts.
• Marked overbought and oversold levels.

The indicator can give out some strong trading signals when the stochastic crosses the overbought or oversold levels. It may also generate a signal when the main line reverses directions and starts to trend in the opposite direction.

The indicator also comes with some additional payments, these include whether to show the panel, what the panel displays, the K period, the D period, averaging method,m price, signal types, alert types, and more.

Service Cost

There is only an option to rent this indicator, it will cost you $10 per year to rent so it is very affordable, when rented, you are given up to 10 activations of the software. There is a free demo version available, this can only be used with the strategy tester within the MT4 platform.

Conclusion

Five reviews in total giving the indicator an overall rating of 4.5 out of 5.

“Hi…Haider..your CCI indicator is awesome..and after using it for some days.. I checked on your other stuff..and bought the stochastic…your indicators are best of the best..100% accurate..seems my search for a perfect system ends with your indicators as it has all the functionality and options needed by a trader… it’s like all in one complete package..just too good..keep up the smart work.” – A 5-star review.

“Worth the money, perfect match with tipu MACD.” – A 5-star review.

“Ordinary KD indicators only, the general software comes with it.” – A 2-star review, translated from Chinese.

So the reviews are mainly positive, the developer has not been very active within the comments, only replying once to the 14 comments left by its users, this is not a great sign as to the sort of customer support that you would receive. We would strongly suggest trying to get in contact with the developer to ensure that you will be able to receive some support should you decide to rent it.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/15780

Real Waves MTF can be found within the indicators section of the MQL5 marketplace. It was created by Mickail Reva and first uploaded to the marketplace on the 26th of January 2018. It received an update shortly after on the 30th of January 2018 and is currently at version 1.1.

Overview

Real Waves MTF is an indicator that can be used with the MetaTrader 4 platform, its main purpose is to show the real waves of four different timeframes on the currently active chart. It will monitor the formation of waves in real-time and will inform the trader when the waves are completely formed.

The algorithm that the indicator uses does not use ZigZags, it is mainly useful for those traders who apply wave analysis based on the Elliot wave theory. It can be used with any instrument or asset including currencies, stocks, gold, indices, and more without needing to make any adjustments.

There are also a few parameters available, these include the number of bars to use, working bars, timeframes to use, and whether to show the waves fro different timeframes.

Service Cost

The indicator can be purchased for $30, this is a one-off payment that will get you up to 10 activations of the indicator. There is not an option to rent it so the outright purchase is all that is available, there is a free demo version, the details are not made known so there is a chance that it can only be used with the strategy tester within the MT4 platform.

Conclusion

There are no reviews or comments available for the Real Waves MTF indicator, so we do not know whether it is functioning how it was described and intended. Due to this, we would suggest that you try out the free version, you should also send any questions that you have to the developer, this will allow you to make sure that it will do what you need it to and that the developer is still around to offer support should you decide to make a purchase.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/27459

PZ Turning Points MT4 can currently be located on the MQL5 marketplace within the indicators section. We have added a link below which will take you directly to the indicator that we are looking at. The indicator was uploaded to the MQL5 marketplace on the 16th of November 2019 by its creator Arturo Lopez Perez. It has not had any further updates and so it is still at version 1.0.

Overview

PZ Turning Point MT4 is an indicator that can be used with the MetaTrader 4 trading platform, the indicator works by examining the price structures of fractals over different periods of time to help determine where the possible reversal points are in the markets. The indicator will help find reversals fractals on a zig-zag formation and will ignore those that do not carry enough momentum to have a sustained price movement.

Some of the features of the expert advisor:

• Turning points can start long trends
• The indicator is non-repainting
• It implements alerts of all kinds
• Customizable colors and size

The indicator also has some parameters that can be altered:

Min Fractal: Minimum amount of bars on a fractal. Must be an odd number such as 3, 5, 7, 9, 11, 13,…

Max Fractal: Maximum amount of bars on a fractal. Must be an odd number such as 3, 5, 7, 9, 11, 13…

Max History Bars: Amount of past bars to evaluate when the indicator loads.

Colors: customize arrows and lines colors and sizes.

Alerts: Enable or disable alerts of all kinds.

Service Cost

The indicator will currently cost you $49 to purchase it outright, this will give you access to the indicator without any limitations or restrictions. Many indicators on the MQL5 marketplace offer the opportunity to rent them, this is not the case with the PZ Turning Point MT4 which can only be purchased outright. There is a free demo version available, this will have some limitations attached to it but the site does not currently state that the limitations are, it is always worth downloading to try out though.

Conclusion

Just the one review s available, it is not a positive one and it is giving the indicator a rating of just one out of five.

“This indicator gives a signal by the end of the candle but calculates the profit from the beginning of the candle, it is not possible to get the same results.”

So the review doesn’t put the indicator in the best of light, there is also one comment, the developer did reply to it promptly which is good to see. Due to the low rating, we would highly suggest that you download the free version to try out, while it will have some limitations, it will allow you to make sure that it does what you need it to prior to making a purchase, you coulda also contact the developer with any queries that you may have.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/41608

Price Alert with Trendline can be found in the indicator section of the MQL5 marketplace, we have also provided a link below to the exact indicator that we are looking at. The indicator was uploaded by Rainer Albrecht, it was first uploaded to the MQL5 marketplace on the 13th of July 2017, it received an update on the 28th of July 2017 and is currently at version 1.11.

Overview

Price Alert with Trendline is an indicator designed for the MetaTrader 4 trading platform, it works by sending you a sound and alert when the price reaches certain levels, these levels are set by the user. Once a trend line has been drawn, you simply set the alert and wait, you are also able to get alerts via your smartphone or email too.

How to use the indicator:

• Draw a trendline
• Click the “Alert” button (Trendline must be selected, with a double-click)
• Done

There are a few different settings available, changing them won’t have drastic effects but they can slightly alter the way the indicator displays and sends alerts. Some of the parameters include the alert type, alert sounds, the color of trend lines, what text to display, and more.

Service Cost

The indicator can be purchased for $30, this is a direct purchase and will give you unlimited access without any limitations, many indicators have a way to rent them, but this indicator does not have that option so buying it outright is the only option available.

There is a free demo version available, there is a small note regarding it which states: “Note for “Free Demo”: MetaTrader 4 does not support displaying an alert window or playing sounds in the strategy tester, only in live or demo accounts.”

Conclusion

There are currently two reviews for the indicator, they are both giving very different opinions of the indicator.

“It’s not working don’t buy…” – A 1-star review.

“A very good indicator. He works reliably in every time unit; it Is easy and quick to use. I can easily mark and label important levels with a line. And does not have to enter inconvenient price marks. So you can quickly create memories and can not forget a brand anymore. Great indicator – a must-have for every trader. Thanks to the programmer.” – A 5-star review.

So the opinions vary a lot, one good and one bad, due to this we would highly suggest that you try out the demo version or send the creator a message to ensure that it will work the way you need it to. There are a few comments, the creator seems to be replying to the ones that require help which is a good sign for the possible support that you would receive once the indicator has been purchased.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/24152

News on Chart can be found on the MQL5 marketplace under the indicators section, there may be others with very similar names so we have added a link to the exact indicator that we are looking at below. The indicator was first uploaded to the MQL5 marketplace on the 11th of March 2014 by Sergev Efimenko, it has received a number of updates, the most recent update was on the 9th of February 2020 which brought the indicator up to version 2.4.

Overview

The News on Chart indicator is an indicator that can be sued with the MetaTrader 4 trading platform, its purpose is to display economic news and events on the charts. The list of currencies that you use is customizable. The news items will be divided up into 4 categories by their degree of importance, the indicator has four buffers so it can also be used with expert advisors as a news filter.

There is a wide range of parameters available that can be sued to slightly alter the way that the indicator functions, some of them include whether to use the raw data, the currency list to use, to show info before and after events, to show low, medium and high importance news events, to have sound alerts, text color, which text to display, arrows, to hide old news, and many more options are also available.

Service Cost

The indicator can be purchased outright for $30, this will get you unlimited access without any restrictions, there is also an option to rent the indicator for a one year period, this will cost you $10 per year. A free demo version is also available, this will have some limitations but we are not fully clear on what the limitations will be as they are not mentioned on the site.

Conclusion

There are currently two reviews available, they both have given the indicator 5 out of 5 ratings.

“Nice It works like a Charm! Good Work!”

“Great for News Trader 5* :)”

The reviews don’t give away a lot of information but they do indicate that the indicator is working and doing what it is intended to do. There are plenty of comments, the developer is replying to each comment which is good to see. As there aren’t too many reviews, we would recommend that you try out the free version and also contact the developer with any queries just so you can be sure it functions the way it is means to and that it fits your needs before you make a purchase or a rental of the indicator.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/3387

CyberZingFx Trend Reversal Lite can currently be found on the MQL 5 marketplace, it was created by Afsal Meerankutty and was first uploaded to the MQL5 marketplace on the 23rd of September 2019, it has received a number of updates, the most recent update was on the 11th of March 2020 and this brought the indicator to version 7.7.

Overview

CyberZingFx Trend Reversal Lite is an indicator that can be used with the MetaTrader 4 trading platform, the indicator is a limited version of the non-lite version that can also be found o the MQL5 marketplace.

The purpose of the indicator is to find trend reversals within the markets and it does not repaint buy and sell signals. Due to the added limitations for the Lite version, the indicator fully works with the EURUSD pair, however other currency airs will be slightly delayed.

It is easy to use the indicator, buy when a buy arrow appears and sell when a sell arrow appears. Put Stop Loss above Higher High for sell orders and below Lower Low for buy orders. There are also some alert settings available, they include popups, sound alerts, mobile alerts, and email alerts.

Service Cost

CyberZingFx Trend Reversal Lite is completely free to download, it comes with an unlimited number of activations due to it being free. There is also no need for a free demo version as the entire indicator is completely free of charge.

Conclusion

CyberZingFx Trend Reversal Lite has received 8 user reviews, they have given the indicator an overall rating of 5 out of 5.

“Thanks so much for your work! A very good indicator! I wish you continued success! I recommend this product to everyone!” – A 5-star review.

“Very good indicator. I recommend this product to everyone!” – A 5-star review.

“This is a very cool one. After many checks, this is better than other paid products. Thanks” – A 5-star review.

So the reviews are all very positive which is a great sign and indicates that the indicator has been doing what it is meant to do. There are a few comments, the developer has been replying t most of them showing a good level of customer support, however, since 2020 the developer has not responded to the comments, so if you are thinking of downloading the indicator, we would suggest contacting the developer with any queries that you have, just to make sure it will work for you and to check that the developer is still actively supporting it.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/42305

Currency Power Meter can be found within the indicators section of the MQL5 marketplace, it has quite a generic name so there may be others with similar names, we have added a link below so there is no confusion as to the one we are looking at. The indicator was uploaded to the marketplace on the 25th of July 2014, it was last updated on the 16th of August 2018 and is currently on version 1.84 of the indicator.

Overview

The Currency Power Meter is an indicator for the MetaTrader 4 trading platform, its main goal is to show the power of the major currencies up against each other. It will show you the relative strength of each currency and pair at the current time on the H4, daily, weekly or monthly charts.

It can be used to see the trends where one currency is stronger against another or as a confirmation for other trend related indicators or expert advisors.

Some of the main features of the indicator:

• Real-time and visually present the power of major currencies against the others.
• Switchable between Full mode (show correlated currencies against major currencies) and Compact mode (only show major currencies’ power index).
• Switchable between analyzed periods: H4, Daily, Weekly, Monthly.
• Alert message when a currency or pair changes its power.
• If an alert is on, a notification will also be sent to mobile and email automatically when a currency or pair changes its power.
• Selectable font size to fit your screen resolution.
• Allows moving the position of indicator freely on the chart.

There are also some additional parameters available to alter, these will be made clearer within the manual that comes with the purchase or rental of the indicator.

Service Cost

The Currency Power Meter indicator can be purchased outright for $49 which comes with no limitations, there is also the option to rent the indicator this will cost you $29 per month to do so.

A free demo version is also available but dies come with some limitations, what the limitations are is unknown to us, we just know what there will be some.

Conclusion

There are 18 reviews giving the indicator an overall rating of 4.5 out of 5.

“Very good and helpful indicator with a clean and smooth interface. I strongly recommend to buy it. :)” – A 5-star review.

“Very powerful and useful indicator, I tried it for intraday operations and improved my results. Someone said: “every information coming from the PRICE is very powerful” I have some suggestions hope the seller will improve this wonderful indicator thank you very much“ – A 5-star review.

“There are many of those, but this one displays a nice, clean dashboard. A MUST-HAVE tool for every trader” – A 5-star review.

The reviews are all pretty positive, a few small gripes here and there but nothing that would take away from the high score. There are also plenty of comments from buyers and renters, the developer has been replying to each one so they are still supporting those that are using the indicator. We would still recommend trying the demo and also contacting the developer with any questions prior to purchasing, just to make sure it is the right indicator for you.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/5253

Pennants and Triangle Scanner can be found within the indicator section of the MQL5 marketplace, there is a link below to the exact indicator that we are looking at just in case there are others with similar names. Created by Jan Flodin and first uploaded on the 30th of May 2017, the indicator has received a number of updates, the most recent update was on the 21st of January 2020 and this brought the indicator up to version 2.0.

Overview

The Pennants and Triangles Scanner is an indicator that was designed to be used with MetaTrader 4, the indicator helps to identify high probability breakout patterns. It manages to do this by looking for strong, symmetrical pennants and triangles in the charts.

The patterns appear more often on lower timeframes but when using higher timeframes the probabilities are much higher when it does appear. The indicator will also include an inside bar scanner which can be used to help detect inside bar formation.

The key features of the indicator:

-The indicator can write the signals to a file that can be used by an Expert Advisor for auto trading.

-Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market.

-Monitors every timeframe, from M1 to MN, and sends you a real-time alert when a pennant, triangle, or inside bar formation is identified.

-The indicator includes an interactive panel.

-It can be configured to show buy/sell lines and TP/SL lines (based on ATR multiplier). The lines will be shown on the chart which you open by clicking on a signal in the panel.

There are a lot of parameters available for the indicator to help alter it to suit your own trading requirements. These settings include things like the general settings for panel width, signal setting such as the number of signals to show in the panel, whether to write the signals to a file, to draw trading objects, maximum candles to use, offsets in points for buy/sell stops. There are also settings for alerts, objects, symbols and timeframes, ATR, inside bars, and pennant and triangles. Plenty of options to help get the indicator working exactly how you need it to.

Service Cost

The expert advisor can be purchased outright for $30 and this version will come with no limitations. If you do not want to buy it, you are able to rent it, this will cost you $10 per month to do. There is a free demo version available, this version will have some limitations but it is not known what they are, it is a good opportunity to test out the indicator though.

Conclusion

At the time of writing, there are 6 different reviews for the indicator which have given it an overall rating of 5 out of 5 stars.

“First of all thank you Jan for your excellent support to my questions and your kind assistance, regarding the indicator, and with it’s latest update, I like the trading logic behind it, Well done… :)” – A 5-star review.

“One of the most powerful tools in trading and a great seller! I recommend downloading this book /google it, it’s free/ – “Encyclopedia of Chart Patterns” by Thomas N. Bulkowski. Update: Great signals so far. Works great on indexes as well.” – A 5-star review.

“Great Indicator!! I just purchased and made a nice little profit.” – A 5-star review.

So the reviews ar every positive which is great to see, there are also over 20 comments, the creator of the indicator is replying to each one which shows that he is willing to keep providing support for the indicator and you can expect the same if purchased. We would highly recommend that you download and try out the indicator, just to make sure that it suits your needs and that you are able to get it functioning correctly before you make a purchase or rental.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/23290

MyTrendLinesMT4 was created and uploaded by Almat Kaldybay on the 23rd of February 2019, it can be found on the MQL5 marketplace and has had a number of updates, the most recent update was on the 3rd of May 2019 and it is currently on version 3.0.

Overview

MyTrendLinesMT4 is an indicator for the MetaTrader 4 platform, its main purpose is to draw trend lines onto the specific chart and timeframe. The lines will be drawn based on the last two known fractals of the specific periods.

The lines will be drawn from the accuracy of 15 minutes which will allow it to analyze the smaller timeframes (minimum is M15) without losing any of its accuracies.

There area number of parameters available that will alter the ay that the indicator functions:

• Trend lines period settings
• Breakout and notification period settings
• Enable or disable push notification settings
• Resistance line color settings
• Resistance line style settings
• Resistance line width settings
• Support line color settings
• Support line style settings
• Support line width settings

https://youtu.be/EzG9cb0HmfA

Service Cost

The indicator can be purchased for $30, this is a one-off payment that will get you 5 activations, you are also able to rent it on a monthly basis, this will cost you $10 per month to do so.

There is a free demo, the details and limitations of the demo version are not stated on the site, it may only be used with the strategy tester but we do not know for sure.

Conclusion

Unfortunately, there are no user reviews or comments available so we do not know whether people are finding it useful or if it is, in fact, doing what it is meant to be doing. Due to there being no reviews we would suggest trying out the free demo version and also contacting the developer, this will enable you to make sure that it will work for you and that it is something that you could use, but also that the developer is still active and will be able to offer any customer support that you may need.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/36167

Prometheus Trade Engine was created by Philip Muga and can be found in the MQL5 marketplace. It was first uploaded on the 19th of September 2016, it received its most recent update on the 7th of February 2019 and is currently at version 1.1.

Overview

Prometheus Trade Engine is an indicator designed for the MetaTrader 4 trading platform. It was created to combine price action, ratio based indicators, and custom indicators to create a multi-timeframe indicator to help give you a high probability trade setup.

There are a lot of features that come with the indicator:

Reversal Zone

Rectangular box on your chart based on a close approximation to 50% & 61.8% Fibonacci retracement levels over the high-low period of 100 bars. When the trend changes it is redrawn automatically depending on your timeframe of choice. When it is breached it gives you an [leading] indication that the current trend is most likely about to change so adjust your trading rational appropriately. When there is no retracement level then there will be no Reversal Zone thus no Price Move, stay out of the market.

Price Action Signal

Arrow displayed on a specific candle; These arrows are not buy/sell arrows; They do not repaint. The bullish arrow on a bullish candle price is most likely going to shoot long; Bearish arrow on a bearish candle price is most likely going to collapse short. The bullish arrow on a bearish candle price will most likely move long momentarily before collapsing short; Bearish arrow on a bullish candle price will most likely move short momentarily before shooting long.

Price Move: Based on where the price is relative to the Reversal Zone.

Daily Move: Based on where the price is relative to the Daily Open.

Daily Index is based on current price relative to the open-high-low-close price of the daily candle; Scale 0 to 100 [0 = daily open & 100 = new high or low]. The higher the value the further the price is to the open.

Analysis

• Trend Strength – Displays overall strength of trend; Scale 50 to 100 [50 = weak & 100 = strong]
• Asset Strength – Displays strength of asset; Scale 0 to 9 [0 = weak & 9 = strong] Strength Index [RSI] – Displays RSI level
• MACD – Displays MACD above or below zero

Average: Displays the multi-timeframe moving average.

Momentum: Displays multi-timeframe momentum.

Direction: Displays multi-timeframe average directional movement index.

Market Sentiment: Displays the trader’s choice of market direction call or put.

There are also a number of parameters available, these include things like the average period, momentum period, directional period, strength index period, reversal zone alerts, and plenty of color options for different aspects of the indicator.

Service Cost

The Prometheus Trade Engine indicator can be purchased with a one-time payment of $200, there is not an option to rent it and when purchasing you are able to activate the software up to 5 times, there are no further limitations.

There is a free demo version, the details and limitations of the free version are not stated which is normally an indication that it can only be used with the strategy tester within MetaTrader 4.

Conclusion

There is just one review giving the indicator a rating of 5 out of 5.

“Great indicator and excellent support!” – A 5-star review.

So the only review is positive, there are a few comments, mainly from the developer, but those from customers have been responded to quite quickly. There isn’t enough information for us to fully understand whether the indicator is doing what it is meant to do or to see the sort of support that will be given. So we would suggest contacting the developer with your questions, to make sure it will be supported after purchase and that it will in fact do what you need it to do.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/18302

The MFI Alerts indicator is an indicator that can be found on the MQL5 marketplace, we have provided a link to it below so you can see exactly which indicator we are looking at. The indicator was first released on the 26th of January 2017, there haven’t been any further updates so the indicator is still on version 1.0.

Overview

The MFI Alerts indicator was designed to be used with the MetaTrader 4 trading platform. The indicator uses the MFI (Money Flow Index) indicator, once a signal has been met on the appropriate level, the indicator will notify you of the trade setup.

The following scenarios can trigger a signal:

• Crossing down the upper signal level (default is 80) – a sell signal.
• Crossing up the upper signal level (default is 80) – a buy signal, or better wait.
• Crossing down the lower signal level (default is 20) – a buy signal, or better wait.
• Crossing up the lower signal level (default is 20) – a buy signal.
• The following alert types are available:
• A sound alert with a popup window – Alert.
• Push notification to a mobile terminal (smartphones and tablets) – Push.

There is also a wide range of parameters available to toggle which will help to alter the indicator to suit your requirements, they include the ability to turn alerts on and off, to enable alerts for specific events, which candles to look for, the MFI period, the max and min signal levels, colors, and more.

Service Cost

The MFI Alerts indicator costs $30 to purchase outright, unlike some other indicators, there is no way to rent this indicator for a shorter period of time, it must be purchased. There is a free demo version available. However, we do not know what the limitations of this demo version are.

Conclusion

Sadly, there are no reviews or comments for the MFI Alerts indicator, as we do not have any information on the quality or effectiveness, we would highly recommend that you download and try the demo version of the indicator, this was you can see that it works and does what you need it to prior to spending any money.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/20545

The Full Forex Market View Dashboard is an indicator, it is found on the MQL 5 marketplace, we have added a link to the indicator below. The indicator was first uploaded by Opengates Success International on the 24th of June 2019, it has had a few updates since, the most recent update was on the 13th of January 2020 and is currently on version 1.7.

Overview

The Full Forex Market View Dashboard is an indicator for the MetaTrader 4 trading platform. Its main use is to give traders a full view of what is going on within the markets, it can be sued for solo trading, basket trading and to help confirm the validity of a signal received from another trading system.

The indicator has a few different components, including:

• Time Frames: From M1 to MN1 Current Candles status (Buy/Sell)
• Trend: Overall trend of the currencies

Impacts: The magnitudes/volatility of the currencies’ movements, see below:

• Build-up: The currency is just building up
• Good: The currency is getting serious
• High: The currency is worthy of interest
• Strong: The direction is to be considered
• Very strong: This currency is near perfect
• Excellent: The peak of the signals that we are good to go
• Changes: The currency movements is sideway, losing or gaining points
• Rates: Reliability of the currency to be considered for trading
• Trade: The name of the currency pair ready for trade

When using the indicator, all time frames should agree with each other, the trend will say which way the markets are going, the signal will display a buy now or sell now alerts, the change must be positive, and there are also a few other factors that affect the signals of the indicator.

Service Cost

The indicator can be purchased for $135 which will give you unrestricted access to it, you are also able to rent the indicator, you can do this on a monthly basis which will cost you $35 per month. There is a free version available, this demo will have some limitations, unfortunately, we do not know what he limitations re as they are not stated on the website.

Conclusion

Just three reviews are available, the ratings given by these revies have given the indicator an overall rating of 3.5 out of 5.

“An indicator does not help in the period of volatility. If you do not have the experience, stay away from this indicator” – A 1-star review.

“I bought a lot of indicators and this product is the best one. Thank you Olufemi for amazing indicator and your support and also thank you for the green pips which I get from your product.” – A 5-star review.

“Awesome support from the author Olufemi and a Great indicator!” – A 5-star review.

With two positive reviews and one negative, we are not entirely sure on the negative one as many indicators and expert advisors would not function as well during high volatility, and the date of the review shows that it was given during the Coronavirus outbreak which would prevent many indicators from functioning at their optimum levels. The developer has been replying to comments which is a good sign. We would suggest using the free version to test it out, even with its limitations it will give you an idea of how the indicator works and you can be sure that it is the right one for you.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/23156

Dynamic Zigzag Levels is a piece of software that can be found within the indicators section of the MQL5 marketplace, we have provided a link to it just in case there are multiple indicators with similar names. The indicator was first uploaded on the 29th of October 2015 by Aleh Sasonka, it has received updates, the most recent update was on the 6th of May 2016, this brought it up to version 1.10.

Overview

The Dynamic Zigzavg Levels indicator can be used with the MetaTrader 4 trading platform, the indicator will display the two nearest zigzag levels. It will show the resistance and the support levels, the levels are calculated by the standard ZaigZag indicator.

The indicator should be used along with your manual trading and can be used on any timeframe, there will be an audio alert when a level s touched or broken through.

There are a number of settings available for the indicator:

-The period of history to calculate = 500 – history period, within which the levels (in bars) are searched for
-Depth – the setting indicator zigzag = 12 – ZigZag indicator parameter
-Deviation – the setting indicator zigzag = 5 – ZigZag indicator parameter
-Backstep – the setting indicator zigzag = 3 – ZigZag indicator parameter
-The color of the line-Up = SteelBlue – Up line color
-The color of the line Dn = SteelBlue – Dn line color
-An audible signal to the level crossing = false – enable the level crossing audio alert
-Sound File = “alert.wav” – select a sound file for the audio alert

Service Cost

The indicator will cost you $10 to purchase it outright, unlike a lot of indicators on the MQL5 marketplace, there is no option to rent this indicator due to its low price. The site indicates that there is a free version available, however, we do not know what the limitations of this free version are.

Conclusion

Unfortunately, there aren’t any reviews available, so we do not know if the users that are using the indicator are getting it to work properly. There are 6 comments, but all of them are from the indicators creator, as there are no reviews, we would highly recommend that you download the free version to test out, you should also contact the developer with any queries that you may have [prior to making a purchase, this way you can make sure that it will suit your needs.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/12329

CCI Alerts with Arrows is found on the MQL5 marketplace, it was created by Yurij Izyumov and was uploaded on the 21st of August 2018, it has not received any further updates so it is still at version 1.0.

Overview

CCI Alerts with Arrows is an indicator that was designed to be used with the MetaTrader 4 platform, it is a modified Oscillator for the CCI (Commodity Channel Index) which comes with multiple different signals. It was designed to give a signal at a specified level will be detected.

The following events have been programmed into the indicator:

-crossing top-down – over the upper signal level (default 100) – the sell signal
-crossing bottom-up – over the upper signal level (default 100) – the buy signal
-crossing top-down – over the lower signal level (default 100) – the sell signal
-crossing bottom-up – over the lower signal level (default 100) – the buy signal
-crossing top-down – over the zero signal level (0) – the sell signal
-crossing bottom-up – over the zero signal level (0) – the buy signal

There are also a number of different parameters available, these include the CCI period, max level, min level, applied price, which notification type to send, whether to show arrows, messages, and more.

Service Cost

The CCI Alerts with Arrows indicator will currently cost you $30 to purchase it outright, this will get you up to 1000 activations of the indicator. There is not an option to rent it so purchasing it outright is the only option. There is a free demo version available, this version can only be used with eh strategy tester within the MT4 platform.

Conclusion

There are currently no reviews or ratings for the CCI Alerts with Arrows, so we do not know whether people are finding it useful or not, there are also no comments which means we cannot tell whether it is being supported by the developer. Due to these reasons, we would strongly suggest that you download and try out the free version of the indicator, but also contact the developer with any queries so you can be sure that it will do what you need it to do and also that it is still being actively supported.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/29166

Blahtech Supply Demand it an indicator that can be located on the MQL5 marketplace, they may be others with similar names so we have provided a link below. The indicator was created by Blahtech Limited, it was first released on the 4th of January 2016, it has been updated a few times since then, the most recent update was on the 17th of October 2019 and is currently at version 3.1.

Overview

The Blahtech Supply Deman is an indicator that can be used with the MetaTrader 4 trading platform. The indicator uses previous price action in order to identify potential imbalances between buyers and sellers. It will not only highlight the higher probability zones using multiple criteria, but it will also combine it with multi-timeframe trend analysis.

The Blahtech Supply Demand feature list:

• Multi-timeframe display
• Backtest directly on the chart
• Summary panel
• Multi-timeframe trend analysis
• Confirmed swings (high and low QPoints)
• Zone strength engine (seven criteria)
• Advanced level detection (peaks, consolidations, drop-base-drops)
• Quarterly and Yearly levels
• Control of overlapping levels
• Configurable level information
• Fast access hot-keys
• Alerts
• Engulfing detector – Multi-timeframe
• Visibility Filters (customizable)
• Old zones (broken levels or trend changes)
• A highlight of Nested zones

There is also a range of settings that can be changed to slightly alter the way that the indicator functions, these include things like Q Points, timeframes, hot eys, the strength engine, visibility filters, old zones, alerts, and more.

Service Cost

The indicator will cost you $149 to purchase, this will give you unlimited access to it, should you prefer, you are also able to rent it, you can rent if you one month which will cost you $30, or you can rent it for 3 months which will cost you $40. There is also a limited free version available, this will allow you to use it on demo accounts and not on live accounts.

Conclusion

There are 23 reviews available for the Blahtech Supply Demand indicator, these reviews have resulted in it receiving a rating of 5 out of 5.

“Excellent indicator ….. a must for any supply-demand trader …… the backtest mode is a great tool …… thanks for the developers” – A 5-star review.

“Best SD indicator ever. Zero lag on CPU despite a boatload of useful features. Backtest mode is the bomb. You can tell these guys know what they’re doing. Highly recommended if you’re an SD trader” – A 5-star review.

“Isn’t any better than the free ones out there. Certainly isn’t worth $200” – A 2-star review.

So not everything is perfect but the majority of reviews seem to indicate that the indicator is working well and doing what it is supposed to, there are also a lot of comments, the creator seems to be replying to them pretty quickly which is a good sign for you customer service that you may receive. As always, be sure to download the free demo version, just to make sure that you are able to get it to work and that it suits your needs prior to making a purchase.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/13712

Auto Trend Lines has been created by Semion Tremsin and was first uploaded to the MQL5 marketplace on the 6th of March 2015, it was most recently updated on the 25th of March 2020 and is at version 1.6.

Overview

Auto Trend Lines was created for the MetaTrader 4 trading platform and was designed to show the resistance and support levels within a chart.

The indicator uses three points to draw its levels:

-Identified points are marked on the chart.

-The indicator shows the breakthrough price for both bullish and bearish trends (if found).

-You can specify how many bars the indicator shall look in order to identify supporting points.

You can also select the timeframe that you want the indicator to work with so you can have it showing details for a timeframe other than the one you are looking at.

Service Cost

The Auto Trend Lines indicator can be purchased for $30 to purchase it with a one-off payment, this version does not have any limitations and can be activated 5 times. There is also the option to rent the indicator, you can do this on a monthly basis which will cost you $10 per month, or for a six-month rental, it will cost you $19.99.

There is a free demo version available, but as there is no information on the site about the free version it normally indicates that it may only be used within the strategy tester of MetaTrader 4.

Conclusion

Unfortunately, there are no user reviews for the Auto Trend Line indicator which means we cannot see how the people who are using the indicator are finding it or if it is doing what it is meant to do. There are a number of comments from people who have purchased or rented it, most are simply asking for a bit of clarification, the developer has answered all queries promptly including ones in MArch 2020 which show that it is still being actively supported by its creator which is a good sign. Due to there being no reviews, we would suggest trying the free version, also send any questions you may have to the developer so you can be sure that the indicator is right for you before you make a purchase or a rental.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/8389

The Best Currency Strenght Indicator can be found on the MQL5 website and marketplace, we have provided a link so there is no confusion as to which indicator we are looking at. The indicator was first uploaded on the 18th of December 2019, it has had a number of updates the most recent update was on the 29th of February 2020 and is currently on version 3.8.

Overview

The Best Currency Strength Indicator is an indicator that has been designed to be used with the MetaTrader 4 trading platform. It breaks down the currency strength of 28 currencies pairs into their individual currencies and works across all timeframes. It is useful as it will allow you to see the true movements of the markets, allowing you to buy strong currencies and sell weaker currencies.

A few of the special features of the indicator:

-No more spending hours analyzing all charts. Analyze the Forex Market in 1 window (1 minute).
-Choose any custom time you want to start calculating currency strength.
-Get signals directly to your phone anywhere you are.
-Be notified when there’s a new signal by turning on Alerts.
–Currency Strength Meter Dashboard (showing all the values, dates, time, and connection speed in milliseconds).
-Multi-Timeframe Currency Strength Dashboard (Calculated across all timeframes).
-28 FOREX pairs + Gold + Silver + 5 additional pairs of your choice (Stocks, CFD’s, Crypto Currencies, Indexes, or any chart).
-Special period separators (showing months, days and times)
-And more.

There are also a whole bunch of parameters that can be used to alter the way that the indicator functions, some of these include prefix, suffix, the maximum number of bars, start hour and minute,m alerts, and more.

Service Cost

There are a few different ways that you can purchase the indicator, you can buy it outright for $149, this will give you unlimited access to the indicator. You are also able to rent it. You can rent if for a period of 3 months which will cost you $49, you can also rent it for 6 months which will cost you $79, or you can rent it for 1 year which will cost you $119. There is also a free demo version available, this will have some limitations, we are not entirely sure what they are but the free version may only work on demo accounts.

Conclusion

At the time of writing, there are currently 24 reviews available on the Best Currency Strength Indicator, they have given the indicator an overall rating of 4.5 out of 5.

“Seller is very helpful and the indicator is showing a lot of promise. I Will update after a while, but for the meantime, it appears to be impressive.”

“10 Stars…Yes, this indicator is the best I have used for many 2 years… Easy to understand, just follow the crossing signal, then execute it… I got 50% profit in 1 day… Tomorrow, I will hunt again… Excellent…“

“This indicator is very good and it has great potential, I Express my gratitude to the author of this indicator for his support. Thank you very much for this indicator.”

There is a one-star review, but the user did not leave a comment, so the reviews available all look very positive, the creator also seems to be very responsive to comments and is replying to them promptly, this indicates that the support received should be of a good level. Even though the majority is positive, we would still recommend that you download and test out the free version before making a purchase.

This Forex service is currently available at the following web address: https://www.mql5.com/en/market/product/34021

Ultimate Double Top Bottom Reversal Indicator can be found on the MQL5 marketplace and was created by FXsolutions, it was first uploaded on the 20th of November 2017 and has since been updated a few times, the most recent update was on the 24th of April 2018 and it is currently at version 1.6.

Overview

Created for the MetaTrader 4 trading platform, Ultimate Double Top Bottom Reversal Indicator is an indicator that was designed to look for doubly tops and double bottoms in the markets.

The indicator will draw the double tops and double bottoms onto the chart and will then send a notification when a high probability one is created.

Some tips from the creator:

-I use this indicator on M30 and higher. Then there is less noise in the price moves and I have usually more time to react on entry signals.

-When a signal occurs then ask yourself if there is enough room for a big subsequent move in direction of the trend (support/resistance far away?).

-In terms of parameters, there aren’t many, just options for alerts when there are long or short signals generated and whether the alerts should be within MT4 or via email.

Service Cost

The indicator can be purchased for $59, this is a one-off payment for a limitation free indicator. You can also rent it for a 1 year period for $49. There is a free demo version available, this will have some limitations added to it but they are not stated on the site, it may be worth downloading to see how the indicator works and to ensure that it is the right one for you before you make a purchase or rental.

Conclusion

The Ultimate Double Top Bottom Reversal Indicator currently has 11 reviews giving it an overall rating of 5 out of 5.

“This is a brilliant indicator. Not only can you see it on your MT4 charts, but you also get notifications of each signal in a free Telegram Channel. Well done Mike. Can’t wait to try some of your other indicators.” – A 5-star review.

“This nifty indicator catches the Double Top & Double Bottom well! Should have just bought instead of renting it! Worth every penny, saving time and efforts looking for such setups. If traded with proper money management, you’d get every penny back and more, not something I can say of the many indicators out there. Highly recommended. Good job & thumbs up!” – A 5-star review.

Lots of positive reviews and even more comments within the comment section, the developer Mike has been replying to each and every comment which shows a lot of dedication to supporting the product and that is a very good sign. So the indicator works well and the developer is there to support the userbase.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/26371

Currency Strength Exotics can be found within the indicators section of the MWQL5 marketplace, we have added a link to the exact indicator below. The indicator was created by Bernhard Schweigert and first uploaded on the 11th of October 2016, it has had a number of updates, the most recent update was on the 16th of January 2020 and it is now at version 1.90.

Overview

Currency Strenght Exotics is an indicator designed to be used with the MetaTrader 4 trading platform. The indicator has been created to specialize in showing the currency strengths of exotic pairs, commodities, indices, and futures.

The indicator works with all time frames and works with assets such as Gold, Silver, Oil, DAX, US30, MXN, TRY, CNH, and more. The indicator will show the strength lines of 8 main currencies (AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD) plus one additional symbol. It helps to tell you the true values, so if XAUUSD (gold/USD) is moving up, it will tell you whether it is Gold that is strong or USD that is weak, you would only trade long if Gold is showing as strong, it will also show currency strength Fibonacci levels.

There are a number of parameters and settings available, these include things like which exotic pairs, to auto get names, suffixes, what lines to draw on the charts, colors, and many more options are available too.

Service Cost

You are not able to purchase the indicator outright, instead, you are required to rent the indicator, you are able to do this over two timeframes, you can rent it for three months which will cost you $98, or you can rent it for one year which will cost you $128 per year. There is a free version available, however, we do not know if there are any limitations to the free version, but we suspect that there will be such as only being able to use it on a demo account.

Conclusion

There are 9 reviews available for the Currency Strength Exotics indicator, all of the reviews are positively giving he indicator an overall rating of 5 out of 5.

“Astonishing indicators. +5 stars!! Still backtesting and will update as I succeed with this strategy. Bernhard helps with everything! So glad I found him. GO Bernhard!” – A 5-star review.

“Bernhard’s products are really amazing and easy to use. He is a responsible seller with great service and very quick response. This is a very nice and unique tool to have. I use it on my live account. I tried on Dax, Dow Jones, brent oil, and gold. Wait for a double-gap with USD. H4 shows very good the trend direction and divergences. I definitely recommend the indicator to other traders. Easy 5 stars!” – A 5-star review.

“Great indicator, Great Support, Alarm/Notification on crossing would make this indicator 110%. Works well for me on Gold and Indices.” – A 5-star review.

The indicator is getting a lot of very positive review which is a great sign, the comment section also has a number of comments, the creator of the indicator is actively replying to the comments which is great to see. Even though the reviews re all positive, we would still recommend that you download and try out the free version, just to make sure that you are able to get it functional and working as intended prior to making a rental.

This Forex service is currently available at the following web address: https://www.mql5.com/en/market/product/18696

Magneto Reverse Signal can be found within the MQL5 marketplace, it was created by Vladimir Blednov and was first uploaded on the 5th of September 2017, it has had a number of updates, the most recent update were on the 23rd of March 2019 and this brought the indicator up to version 1.31.

Overview

Magneto Reverse Signal is an indicator that can be sued with the MetaTrader 4 trading platform, the indicator is based on candlestick analysis and can be sued to help identify reverse points.

Some of the main features of the indicator:

• It does not redraw.
• Suitable for scalping and medium-term trading.
• Any timeframe, but H1 and higher are recommended.
• The number and quality of signals, the potential profit/loss is determined by the user and visible right away.
• Configuration using a movable panel right on the chart.

There are some parameters that come with the indicator, these include options for the bars, periods, gate, panel, alerts, and arrow point gaps.

Service Cost

The Magneto Reverse Signal can be purchased for $89, this will get you up to 5 activations of the software, there is also the option to rent the indicator, this will cost you $15 per month to do. A free demo version is available to use with the strategy tester within the MT4 platform.

Conclusion

There is no user review for ratings so there is no feedback available in regards to the quality or usefulness of the indicator. There are a number of comments, all of them are from the developer, the most recent was back in 2019 so it is not clear whether it is still being actively supported, in order to check, we would suggest sending your questions and queries to he developer to see whether it is still supported.

This Forex service is currently available at the following web address: https://www.mql5.com/en/market/product/25193

MTF Support Resistance MT4 can be found within the indicators section of the MQL5 marketplace, it was first uploaded on the 25th of September 2018 by its creator Mohamad Zulhairi Baba. It has has a few updates, the indicator most recent update was on the 25th of September 2018 (same day as a release) and this brought the indicator up to version 1.11.

Overview

MTF Support Resistance MT4 is an indicator that can be sued with the MetaTrader 4 platform (a MetaTrader 5 version is also available), its main purpose is to act as a multi-timeframe, support and resistance indicator that can measure the last 320 bar of support and resistance. The indicator can be attached to whichever timeframe the user desires.

The key features of the indicator as described by the developer:

• User input desire timeframe (default Period H4)
• User input numbers of last bars (default 320 bars)
• User input measurement of last HH and LL (default 10 bars)
• Line styling and colors

Service Cost

You are able to purchase the MTF Support Resistance MT4 indicator for $30, this will give you up to 10 activations of the indicator. There is not an option available to rent the indicator so the one-time payment is the only option to get it. There is a free demo version available but the limitations of this free version are not known or stated on the site.

Conclusion

Unfortunately, there aren’t any reviews or ratings given to the indicator so we do not know whether it is useful or that it is doing what it was designed to do, there also aren’t any comments so we do not know whether it is still being supported by its creator. We would suggest contacting the developer, this way you can ensure that it will still be supported once you make a purchase and also that it will, in fact, do what you need it to do.

This Forex service is currently available at the following web address: https://www.mql5.com/en/market/product/31984

The Netsrac ADR Dashboard can be found on the MQL5 marketplace, we have added a link to the indicator and the end of this FX service review. First uploaded on the 10th of December 2018, the indicator has received a few updates and the most recent one was on the 28th of February 2020 and is currently at version 3.3. The indicator was created by Carsten Pflug.

Overview

Netsrac ADR Dashboard is an indicator designed for use with the MetaTrader 4 trading platform, it will help provide you with a quick overview of the daily, weekly, and monthly ranges of an asset. “In “single asset mode” the dashboard shows you possible reversal points directly in the chart, thus making statistics directly tradable. If a configured threshold is exceeded, the dashboard can send a screen alert, a notification (to the mobile MT4), or an email.

The information provided can then be used to help information confirm other signals that you have.

Service Cost

The Netsrac ADR Dashboard can be purchased as a one-off payment for $59 which is a limited free version of the indicator, there is also the option to rent the indicator this can be done on a monthly basis which will cost you $19 per month, you can also rent if for a six month period which will cost you $30 for the full six months.

A free demo version is also shown, it will have some limitations but they are not made clear on the site, it still may be worth downloading to try out even with the limitations that it will have.

Conclusion

At the time of writing the Netsrac ADR Dashboard has 4 reviews, the reviews have given it an overall rating of 4.5 out of 5.

“Great dashboard!!! It still has some things to improve but it’s a really good instrument I like it very much!!! Carsten is also very helpful!!“ – A 5-star review.

“I am quite familiar with ADR indicators, and this is without a doubt the best and most powerful ADR indicator I have seen thus far. It takes a little time to learn how everything works, but the developer is very helpful to answer questions and to provide solutions if needed. I have complete confidence in this product and in the ability of the coder (Carsten) who created it. Highly recommended!“ – A 5-star review.

“Excellent Indicator. If you can add another column for the underlying trend short term and long term trend this will be a perfect indicator for level traders.” – A 4star review.

Along with the positive reviews are a number of comments, the developer seems to be responding quickly to any comments that come up which shows that he is still actively supporting the indicator and its clients. This is a great thing to see, even with so much positivity, be sure to try the free version or to contact the developer with any queries to help ensure that the indicator will suit your needs before making a rental or purchase.

This Forex service is currently available at the following web address: https://www.mql5.com/en/market/product/33805

Leading Arrow MT4 is located within the MQL5 marketplace, there is a link to the exact indicator that we are looking at below just in case there are others with similar names. The Leading Arrow MT4 indicator was uploaded by Yohana Parmi on the 7th of December 2019, it was most recently updated on the 19th of January 2020 and is currently on version 2.21.

Overview

The Leading Arrow MT4 indicator was designed for use with MetaTrader 4, it is a leading indicator and does not repaint and is not lagging.

The indicator has been made to be as simple as it can be, it will simply display an arrow which points in the direction of the market. It is designed for those that like to use price action and understand its importance in trends. It can be sued ion any timeframe but it works best on theHJ1 timeframe.

How to use the indicator:

Buy: Simply waiting for the arrows to appear as a buy sign in the last candle, or without having to wait in front of a computer is just wait until receiving a notification on a smartphone then check the chart. Opening buy position is the moment when a new candle has just appeared.

Sell: In general, it is the same as buying momentum as written above, which is only by waiting for the arrow notification to come as a sign of selling.

Target, stop-profit, and stop-loss Please use any support and resistance (SR) techniques. The indicator has also provided classic SR (optional) as an additional confirmation for your own SR Strategy.

There are also a number of different parameters, some of them include using candlestick charts, to display titles, arrow sizes, colors, to chow market rejection, the minimum length of tail, bars, and many more.

Service Cost

It will currently cost you $98 to purchase the indicator outright and to have unlimited access to it, there is also the option to rent it on a monthly basis which will cost you $58 per month. There is a free version to try out but it does not have any of its limitations stated on the site so we are not sure what they may be.

Conclusion

Just two reviews are available, they have given the indicator a rating of 5 out of 5.

“This is the 2nd product I bought from this author. A2SR and Leading arrow indicators make a good combo and contribute greatly in my trading. The screenshot of the first trade taken with the indicator is posted in the comment section. Expect more success moving forward…” – A 5-star review.

“Good!” – A 5-star review.

Both reviews are positive, there are also a number of different comments, the developer seems to be actively replying to them which show that they are still supporting the indicator. We would suggest trying out the free version to ensure that the indicator works for you, you could also send any queries or questions that you may have to the developer s you can make sure its the right indicator for your needs.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/44280

The KL Truncated Support Resistance Lines is an indicator that can be found and purchased from the MQL5 marketplace, to avoid any confusion with any other indicators with a similar name, we have provided a link to it below. The indicator was first uploaded to the MQL5 marketplace on the 12th of July 2016, it was last updated on the 11th of November 2016 and is on version 1.14.

Overview

This indicator is designed to work with the MetaTrader 4 trading platform, it works by adding fresh and valid lines of support and resistance to the charts. If price hits the resistance or support levels then the line is no longer drawn, they can be used to help determine breakout levels. The tool works well for scalpers and day traders and can work on any chart time or time frame.

The following inputs are available for the indicator:

The period in minutes which according to its lines are plotted. Value 0 means the current period.

Delete lines if the chart period is changed? If you want to see truncated S/R lines for a fixed indicator period, then set false value.

Colors of resistance lines.

Colors of support lines.

Style of short-range lines of support and resistance.

Width of short-range lines of support and resistance.

Style of long-range lines of support and resistance.

Width of long-range lines of support and resistance.

Amount of bars in a short time range. If the amount of bars on the chart is lower than double the amount of bars of short-range, then this value is automatically divided by two.

Total amount of bars for long time range.

Are the lines of support and resistance will be selectable.

Delete old insignificant lines reached by price.

ZigZag depth – according to it lines of support and resistance are plotted.

ZigZag deviation – according to it lines of support and resistance are plotted.

ZigZag step – according to it lines of support and resistance are plotted.

Scale fix and set price level in the middle of the chart.

Service Cost

The KL Truncated Support Resistance Lines indicator can be purchase for $12.50, this is an outright purchase and there is no option to rent it for a shorter period of time. There is a free version available, but we do not know what the limitations of it are, the free version is a good way to test out the indicator.

Conclusion

There are no written reviews or ratings for this indicator, there ar4e however a number of different comments, the creator seems to be replying to them in a prompt manner which is a good thing to see and shows that the creator is prepared to support its users. We would always suggest trying out the free version, especially when there aren’t any actual reviews, this way you can make sure that it works properly before putting any money down.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/17332

Interactive RSI Matrix can be found on the MQL5 marketplace, it was created by Tsvetan Tsvetanov on the 27th of October 2017, it was most recently updated on the 10th of January 2018 and is currently at version 1.1.

Overview

Interactive RSI Matrix is an indicator for the MetaTrader 4 platform, the main purpose is to show the current RSI values for a number of symbols and multiple timeframes, it will also allow you to switch between timeframes and symbols with one click. It allows you to analyze a large number of symbols across multiple timeframes in order to detect the strongest trends quickly.

The key features of the indicator:

-Shows RSI values for multiple symbols and timeframes simultaneously.

-Colored cells with progressive color intensity depending on the RSI values.

-Ability to change the symbol and the timeframe on the chart with one click directly from the matrix.

-Ability to adjust the size of the interface and the font.

-Ability to set the number of symbols and timeframes.

-Ability to set a neutral zone. (For example – red color below 30, gray color from 30 to 70, the green color above 70)

-The indicator is automatically synchronized with the Market Watch window in MetaTrader 4 where you can set custom lists with symbols.

There are plenty of parameters available too, these include the RSI period, number of symbols, number of timeframes, neutral zone high and low, timeframe settings, UI size, and more.

Service Cost

The indicator can be purchased for $30 which will give you up to 8 activations of the software, there is also an option to rent the indicator, this can be done monthly and will cost you $12 per month.

There is a free demo version, this can only be used with the strategy tester and so it is limited to only one currency pair, this means that a lot fo the functions are not usable such as switching between charts and times.

Conclusion

The indicator currently has six reviews giving it an overall rating of 4.5 out of 5.

“This is an excellent indicator. So helpful to have all the RSI information at a glance and be able to display a chart with just one click of the mouse. A user-definable alert would make it perfect. True or False whenever a currency pair is overbought or oversold on any time frame send an alert, preferably a Push alert for when I am away from my computer and only able to trade from my mobile.” – A 5-star review.

“Good panel. The only thing is that I cant change the color. It will be very useful to change the color.” – A 4-star review.

So the reviews are generally very positive which is a good sign, there are a few comments, the developer was originally replying to them but seems to have stopped, there has not been a reply since 2018, this could mean that it is no longer being supported. Due to the lack of responses, we would highly suggest that you send your questions to the developer this will not only ensure that it will do what you need it to, but it will also let you know whether the developer is til actively supporting it.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/26074

HMA Trend Professional MT4 can be found within the indicators section of the MQL5 marketplace. It was first uploaded on the 16th of February 2018 buy its creator Pavel Zamoshnikov. It has received a number of updates, the most recent update was on the 16th of September 2018 and it is currently at version 3.3.

Overview

HMA Trend Professional MT4 is an indicator for the MetaTrader 4 trading platform, its main purpose is to look at trends within the markets based on the Hull Moving Averages with two periods. The slow period will identify the trend while the fast period will determine the short term movements and signals within the trend direction.

Some of the main features of the indicator:

• Ability to predict the probability of a trend reversal using analysis of historical data.
• Plotting statistical charts for analyzing the probability of a reversal.
• Automatic filtering of signals with a high probability of trend reversal.
• Ability to generate preliminary signals on the current open bar (can be canceled).

There are also plenty of parameters that can be altered, these include things like the fast/slow HMA periods, the averaging methods to use, the frequency of signals, arrows of signals, rendering depth of the signals, the position of the panel, colors, notification settings, and more.

Service Cost

The indicator can currently be purchased for $30, this is a one-off payment that will get you up to 10 activations of the indicator, there is no option to rent so the one-time purchase is the only option available.

There is a free demo version available, the details are not known or stated on the site so we believe it may only be sued with the strategy tester within the MT4 platform but we cannot say for sure.

Conclusion

There are four user reviews for the indicator, they have given it an overall rating of 3.5 out of 5.

“Hi good product, very interesting. markets with probabilities is a good approach. I will try it with a support indicator, resistance, and pivot. To do with time. Bye” – A 4-star review.

“I have dealt with many developers but none like Pavel. Our story starts 9 months ago since I made a request to include auto parameter either freelance or for everyone who bought the product and he chose everyone. Then I thought wow this guy surely appreciates his customers that he wants to add new features for everyone. So I bought the indicator and he went silent so I made it official and requested on comments (confirm) 30/8/2019 in the comments section and he said in private that will be done when time allows. the roller coaster starts here when I ask from time to time for the progress and he replies not now I’m busy will be free august then September with nothing done till Nov 2019 where he avoided me altogether and not say a single word.” – A 1-star review.

There is a 5-star review but the user did not leave a comment, the reviews are mixed, there are also plenty of comments, the developer has been replying up until November 2019 when there were no more comments, due to this, we would suggest getting in touch with the creator of the indicator, to ensure that you will get some support should you purchase it and that the indicator will function the way you need it to.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/27596

FFx ParabolicSAR Dashboard MTF ALERTER can be found within the indicators section of the MQL5 marketplace, we have added a link below to it. The indicator was first uploaded pon the 31st of July 2014, it then received an update on the 1st of September 2014 and it is currently at version 1.1.

Overview

FFx ParabolicSAR Dashboard MTF ALERTER is an indicator that can be used on the MetaTrader 4 trading platform. The indicator will show on a single chart, all the timeframes with their own status on the indicator.

There are two different alert options, the first is a single timeframe which will have an alert on each individual timeframe, or multi-timeframe, where all timeframes must all agree on the signal before an alert is made.

There are a few options available for the indicator:

• Select the timeframes to trigger the alerts
• Alert pop up/sound/email/push
• Activate/deactivate the alert directly on the chart
• Position on the chart
• Plus all the usual settings of the standard indicator

Service Cost

The indicator can be purchased for $10 which will be purchasing it outright with no limitations, there is no option to rent this indicator. There is also a free demo version available, this will have some limitations but they are not mentioned on the site so we are not sure what they are.

Conclusion

There are two reviews, however, one of them does not have a rating, the one review with a rating is giving it a 5 out of 5 ratings.

“I am a real Fan of FFx tools. PSAR works great and even when adjusted to all TF… around 10 very good and strong entry signals per day.”

That is a positive review, but as there is only one of them we would advise you to download and check out the free version first, there are also a few comments, the creator is replying to them which is a good sign and hopefully, the customer service provided once it has been purchased will be just as good.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/5372

EMA Dashboard can be found within the indicators section of the MQL5 marketplace, it was created by Chantal Sala and was first uploaded to the marketplace on the 29th of August 2017, it received its most recent update on the 17th of July 2019 and is currently at version 1.3.

Overview

EMA Dashboard is an indicator that can be used with the MetaTrader 4 platform, its main purpose is to allow you to monitor moving averages on multiple symbols and timeframes at the same time. The dashboard will display and analyze the charts of 28 different currency pairs on a unique chart.

There are also a number of different parameters and settings available, these include things like alerts, which symbols to use, the EMA settings, graphic setup, colors and sizes, and more.

Service Cost

The indicator will cost you $100 to purchase it outright, this will allow you to activate the software up to 5 times, there is also the option to rent it on a monthly basis which will cost you $10 per month. A free demo version is available which can be used with the strategy tester within MT4.

Conclusion

There is just one review for the indicator which has given it an overall rating of 1 out of 5.

“THIS INDICATOR WE CANT’S CHANGE INPUT AND TIME CHART. WORKS ONLY REAL INPUT ONLY. MY REVIEWS NOT GREAT THIS” – A 1-star review.

So the review isn’t very positive, but it is clear from the comments that it has now been updated and this issue should have been resolved. The developer was quick to reply to comments which is a good sign and shows that the developer is there and available for support should you need it.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/25055