Tag: forex review

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

The Dashboard Stochastic Multicurrecy is an indicator that can be found within the MQL5 marketplace, we have added a link below so you can see exactly which indicator we are looking at. The indicator was uploaded by its creator Taras Slobodyanik on the 29th of January 2018, it has had a number of updates, the most recent update was on the 12th of March 2020 and this brought the indicator up to version 2.50.

Overview

The Dashboard Stochastic Multicurrency is an indicator designed for the Metatrader 4 trading platform. The indicator uses the Stochastic Oscillator to quickly show the current values and intersections of the lines. The indicator is able to send out notifications when the price crosses the overbought or oversold levels.

There are a large number of parameters that can be changed, these will alter the way that the indicator functions. Some of the available settings include the period of the K and D lines, the price field, time frames, offsets, colors for lines and text, overboard and oversold entry and exit zones, notifications via push or email, sounds, and many more options are also available.

Service Cost

Then indicator can be purchased outright for $30, this will give you complete access to it without any limitations, many indicators also offer the opportunity to rent it instead or purchase, however, the Dashboard Stochastic Multicurrency does not give this option and you are only able to purchase it. There is a free version also available, there will be some limitations to it, but we do not know exactly what they are as they are not stated on the site.

Conclusion

There are currently 4 reviews for the Dashboard Stochastic Multicurrency indicator, they are all positive and give an overall rating of 5 out of 5.

“Great product. Great value for money. It helps me in momentum swing trading when stochastics exits OS/OB areas. Good job Taras! And thank you for this brilliant work!” – A 5-star review.

“This dashboard works well as confirmation for my method….thank you” – A 5-star review.

“Great Dashboard… Thx!” – A 5-star review.

The reviews are all positive, there are also plenty of comments that the creator of the indicator has been replying to promptly which gives a good impression as to the sort of support you would receive. As with any piece of software, we would recommend that you download the free version try it out on a demo account just to make sure that the functions that it provides are what you are looking for prior to making a purchase.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/27610

Candle Patterns can be found within the MQL5 marketplace, it was first uploaded on the 22nd of July 2015 by its creator Paul Geirnaerdt, there has been a recent update on the 28th of March 2020 which brought the indicator up to version 1.1.

Overview

Candle Patterns is an indicator that can be used with the MetaTrader r4 platform, its main purpose is to show popular candle patterns on the charts. There are a number of patterns available including Inside Bar, Large Wick, Engulfing, Marubozu, Hammer, Shooting Star, Three White Soldiers, and Three Black Crows. The candles will be colored to make it easy to identify the patterns.

There is also a large number of parameters available with the indicator, these include things like a message box, whether to show inside bars, to show large wicks, to show Doji, to show Engulfing Bars or any other patters, colors and more.

Service Cost

The Candle Patterns indicator can be purchased for $30, it can also be rented for three months for $12 or six months for $19. Whichever option you choose you will have up to 10 activations of the indicator. A free demo version is also available that can be tested with the strategy tester within the MT4 platform.

Conclusion

There are two reviews however only one of them has a rating and it has given the indicator an overall rating of 5 out of 5.

“Good candle patterns indicator” – A 5-star review.

“Color candle is not displayed” – No rating is given.

So one is positive while the other is stating that a feature was not working properly, we had a look at the comments section, the developer has been very active in replying to comments and offering support which is a great sign and is an indication for the sort of support you will receive should you decide to make a purchase or a rental.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/10674

Beast Super Signal can be located on the MQL MArketplace under the indicators category. There is a link provided below that will take you to the exact indicator that we are looking at. The indicator was uploaded on the 2nd of September 2018 by Dustin Vlok and was subsequently updated on the 5th of November 2019 and is now at version 3.5.

Overview

The Beast Super Signal was created to be used with MetaTrader 4, it was designed to be a simple and easy to use indicator. It will constantly monitor the current price action while looking for new trends or strong reversals when currencies are overbought or oversold. Only when all the internal strategies are met, the indicator will paint a new buy or sell signal arrow onto the chart. It is then up to you to make the trade (this indicator does not trade for you).

The Beast Super Signal will give you entry levels, stop losses, and 3 different take profit level suggestions.

There are a number of different parameters that can be altered, changing them will slightly alter the way that the indicator functions, some of the options include how many bars to calculate, the overbought and oversold entry zones, take profit and stop loss levels, what sort of alerts to use, panel width and height, font size and type, and many other options are available too.

Service Cost

The Beast Super Signal can be purchased outright for $149, this will give you unlimited access without any limitations. As with many indicators on the MQL5 marketplace, you are also able to rent it on a monthly period, this will cost you $49 per month.

There is also a free demo version available, it will have some limitations and unfortunately, the limitations have not been states on the website, it would always be worth downloading just to make sure the indicator does, in fact, do what you need it to do.

Conclusion

At the time of writing, there are currently 51 different reviews, the overall rating from the revies is 5 out of 5.

“This is an outstanding indicator. It’s very precise and the alerts are very helpful to ensure I don’t miss any trades on the pairs I’m monitoring. Great work!” – A 5-star review.

“In my personal opinion, this isn’t a good indicator. they promise a 70% strike rate but in the long term its more like 20-40% also their way of calculation doesn’t make any sense. all the 5-star reviews here are worthless because you won’t receive the ea (which is even more useless than the indicator) if you don’t rate them 5 stars. if anyone wants some proof of a 1 year to backtest or so you can contact me.” – A 1-star review.

“The indicator makes my job easier when I do my entries. Thank you for the indicator fantastic. You can make it 100% unless you mark up your chart, using technical analysis and fundamentals. You can walk away on the signal if you see if the market is not right. highly recommended.” – A 5-star review.

As you can see, there are both positive and negative reviews but the positives far outweigh the negatives. The comment section of the page has plenty of comments, the developer has been replying to each one individually which shows that they are keen to keep supporting the indicator and those that have purchased it. As always, be sure to download the free demo version to try, also send any queries you have to the developer so you can be sure it will do what you need before you make a purchase or rental.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/31436

Alpha N Trend Indicator can be found on the MQL5 marketplace, we have added a link to it below. The indicator was uploaded by Dzhafer Medzhakhed on the 25th of July 2014, it was uploaded as version 1.3 and there have not bee any updates since it was first added to the marketplace.

Overview

Alpha N Trend Indicator can be used with the MetaTrader 4 trading platform and is classed as an indicator. The way that it works is by using a powerful oscillator, it will provide sharp signals for trend following.

The indicator aims to be different from the usual indicator as it wants to give its signals early, towards the start of the trend rather than halfway through. The oscillator will be displayed at the bottom of the chart with green and red bars when the price is on an uptrend it will show green bars when it is on a downtrend it will show red. It is a signal to enter the market when the oscillator changes sign from red to green or green to red.

There are a few parameters that come with the indicator:

-Email_alerts: If equal to “true”, you will receive email alerts when there is a trend change (first green bar after red bars or first red bar after green bars).

-Sound_alerts: if equal to “true”, you will hear a sound alert when there is a trend change (first green bar after red bars or first red bar after green bars).

-Green_histo_width: width of the green bars.

-Green_histo_width: width of the red bars.

-SPEED: an internal parameter that controls the speed parameters of the indicator.

-DEPTH: an internal parameter that controls the depth of calculation of the indicator.

-Number_of_bars: number of the bar that is displayed by the indicator

Service Cost

The indicator can be purchased outright for $15, this will give you unlimited access to it, there is no option to rent the indicator so purchasing it is the only option available. There is a free demo version that will have some limitations, however, we do not know what the limitations of this version are.

Conclusion

There are just three reviews, they have given the indicator an overall rating of 3.4 out of 5.

“I would have given it a 5 star if it has a push notification feature. It does give you false signals but it does anticipate trend change much earlier. It is not a stand-alone indicator but works well in conjunction with others. If you ever make an EA on this one, please let me know.” – A 4-star review.

“Indicator, as any other… with many false signals. I wasn’t able to backtest it (Demo version), so I buy it – and regret immediately. It would be very nice that Lemmnos (member that posted the previous comment) illustrate somehow – why is that indicator “the best one”. That would be very interesting to see.” – A 1-star review.

“Best trend indicator I have tested so far. And I have tested all the trend indicators I could find. I would encourage others to try this indicator and ask questions and provide feedback via comments sections so we can all learn from each other.” – A 5-star review.

So a range of reviews are available, there are also a number of comments but the developer only replied to the first few, we would advise you to contact them with your questions prior to purchasing just to make sure that they are still actively supporting the indicator, we woulda so recommend downloading the free version just to check it out as the reviews are not all positive.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/5337

MACD Divergences can be found within the indicator section of the MQL5 marketplace, there may be other indicators with similar names so we have added a link below to help avoid any confusion. The indicator was first uploaded on the 12th of July 2018 by its creator Seyedfazel Hosseini, there have been a number of different updates, the most recent was on the 11th of June 2019 and is currently at version 3.4.

Overview

MACD Divergences is an indicator that has been designed for use with the MetaTrader 4 trading platform, the indicator has been designed to help find all the regular and hidden divergences within the markets. The indicator can function on multiple timeframes however it is not recommended that you use it on anything under the M15 timeframes.

The indicator is able to detect price pivots and will then check the corresponding value of the pivots on the MACD indicator when a divergence is detected, the indicator will plot bylines on the chart and oscillator.

There are some settings and parameters that can be changed to slightly alter the way that the indicator functions, some of them include whether to use fast or slow EMA, how to apply it and whether to show the line, you can also change the colors for divergence lines, thickness, style and whether you want there to be any alerts.

Service Cost

The MACD Divergences indicator is not available to be purchased outright, instead, you are required to rent it, you can rent it for a period of 1-month which will cost you $15 per month, you are also able to rent it for a year which will cost you $39 per year. There is also a free version available, you can download it and test it out, it is fully functional but will only work on the EURAUD pair.

Conclusion

At the time of writing, there are 8 reviews available which are giving the indicator and overall rating of 5 out of 5 stars.

“Simple and very effective. This indicator recognizes highly probable divergence, draws it out, and notifies you from different time frames. It gives me an edge in scalping and an extra confirmation for reversals. By far one of the best and most useful indicators on the market. A+”

“Perfect Indicator, It’s really admirable. Simple and efficient. I have not used divergences in my trades before, But now it’s my first plan for trading and I am very pleased. thank you, author.”

“Indicator is worth it…. nice Reversal recognizing working good so far”

So as you can see, the reviews are very positive, there are also a lot of comments on the indicator, the creator has been replying to them promptly and being very active which is a great sign as to the sort of support that you would receive. We would highly recommend that you download and try out the free version, while it may only be able to use it on the EURAUD pair, but it will still be a good way to ensure that it is what you are after before paying for a rental.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/30390

Orders Indicator can be found within the MQL5 marketplace, it was created by Andrey Khatimlianskii. First uploaded on the 6th of December 2013, it was most recently updated on the 18th of December 2018, it is currently at version 7.52.

Overview

Orders Indicator has been created for use with the MetaTrader 4 trading platform. It is an indicator that will monitor your own trades and analyze others.

Some of the many features include:

-Change the size and location of the control buttons (Control buttons size, Control buttons corner)

-Disable display of opened and closed positions (Show OPENED, Show CLOSED, Show PENDING)

-Change colors of arrows and lines for profitable and loss-making buy and sell positions separately (Color for profitable/losing BUYs/SELLs)

-Change style and width of the lines connecting deal openly and close points (Open-Close lines width, Open-Close lines style), add text labels on that points (Open price labels width, Close price labels width)

-Enable display of a profit in deposit currency, points or % (Show profit in money/points/percents), configure profit display accuracy (Number of digits to show)

-Change text font and size (Font, Font size)

-Enable profit in points (Show profit in points)

Service Cost

There is not an option to buy the Orders Indicator outright, instead, there are options to rent it. You can rent it on a monthly basis which will currently cost you $10 for a three month period, you can also rent it on a yearly basis which will cost you $29 per year.

There is a free demo version available on the site, but the limitations of this version are not made clear, it may only be used within the strategy tester of the MetaTrader 4 trading platform.

Conclusion

The Orders Indicator has 37 different reviews from its users, they have given the indicator an overall rating of 4.5 out of 5.

“Awsome indicator to see if you have made the correct trade or if you didn´t apply your “trading plan”. The input “see the profit in pips” is very good to see the result of the trade in order to visual backtesting.” – A 5-star review.

“Best “History Arrow” indicator, also shows current live trades status. Love it!” – A 5-star review.

“This is one of the best indicators that I own and I will continue to renew it every year !!! I just wish that I could just purchase it outright.” – No rating is given.

The majority of the reviews are all very positive which is a good sign, there are also over 200 comments, the developer has been responding to the majority of them promptly which shows that they are still actively supporting the indicator and those that have purchased it.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/2050