1. Download indicator with .ex4 extension
2. Put this file to
   C:/Program Files/MetaTrader 4/experts/indicators/. (may be another path depends on MT4 instalation path)
3. Add custom indicator in MetaTrader 4 Insert -> Indicators -> Custom

Hull Movinge Average

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The adaptive moving average (AMA) that was discussed in the interview with Perry Kaufman in the 1998 STOCKS & COMMODITIES Bonus Issue (the article originally appeared in March 1995) is an excellent alternative to standard moving average calculations.

Pivot Points

Pivot Points is technical indicator derived by calculating the numerical average of a particular stock's high, low and closing prices.

The pivot point is used as a predictive indicator. If the following day's market price falls below the pivot point, it may be used as a new resistance level. Conversely, if the market price rises above the pivot point, it may act as the new support level.

Chaikin Oscillator

The Chaikin Oscillator is simply the Moving Average Convergence Divergence indicator (MACD) applied to the Accumulation/Distribution Line.

Bullish Signals

There are two bullish signals that can be generated from the Chaikin Oscillator: positive divergences and centerline crossovers. Because the Chaikin Oscillator is an indicator of an indicator, it is prudent to look for confirmation of a positive divergence, by a bullish moving average crossover for example, before counting this as a bullish signal.

Bearish Signals

In direct contrast to the bullish signals, there are two bearish signals that can be generated from the Chaikin Oscillator: a negative divergence and a bearish centerline crossover. Allow a negative divergence to be confirmed by a bearish centerline crossover, before a bearish signal is rendered.

The Aroon was developed by Tushar Chande in mid-ninetees. It is a trend indicator - used to determine if the security is moving in a trend or sideways, as well as how strong the trend is.
If the price of a currency is rising, the Close for the period will be closer to the end of the period, and vice versa. The Aroon indicator shows how much time passed between the highest (up) or lowest (down) Close since the beginning of a period (in percents).

Usage

When Aroon(up) and Aroon(down) are moving together, there is no clear trend (the price is moving sideways, or about to move sideways).

When the Aroon(up) is below 50, it is an indication that the uptrend is losing its momentum, while when the Aroon(down) is below 50, it is an indication that the downtrend is losing its momentum.

When the Aroon(up) or Aroon(down) are above 70, it indicate a strong trend in the same direction, while when the value is below 30, it indicates a trend coming in an opposite direction.

Finally, for the Aroon Oscillator, the positive value indicates an upward trend (or coming trend), and the negative value indicates a downward trend. The higher the absolute value of an oscillator, the stronger is an indication of a trend.

The Keltner Channel is made up of two bands plotted around an Exponential Moving Average (EMA), usually the 20-day EMA.



Prices breaking through the bands often produce buy and sell signals. The indicator was originally developed by Chester Keltner and later modified by Linda Raschke to use an average true range (ATR) calculated over 10 periods.

Signals

• When prices close above the plus band, it is a signal of strength and rising prices
• When prices close below the negative band, a signal that prices will drop is indicated
• Signals stay in effect until the prices close across the opposite band. This should often be tempered, however, with the use of other indicators to provide better exit opportunities.

Donchian Channel

A moving average indicator developed by Richard Donchian. It plots the highest high and lowest low over the last period time intervals.

The Donchian Channel is a simple trend-following breakout system. The signals derived from this system are based on the following basic rules:

1. When price closes above the Donchian Channel, buy long and cover short positions.
2. When price closes below the Donchian Channel, sell short and liquidate long positions.

Detrend Price Oscillator

Trend Detection Index

The Trend Detection Index (TDI) was introduced by M. H. Pee. TDI is used to detect when a trend has begun and when it has come to an end. The TDI can be used as a stand-alone indicator or combined with others; it will perform well in detecting the beginning of trends. TDI should be used in conjunction with protective stops as well as trailing stops. These stops are required to protect against large losses when the indicator generates a losing trade. The TDI can trade a diverse portfolio of markets profitably over many years, using the same parameters throughout.

Currency