Hope you find something you like. Useful indicators are the primary resources you can download in the near future. EAs may come later, but only if they pan out.
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New Stuff - as of January , 2012
New version of RSI TrendLine Alerts
A user requested that the line not move when the chart scrolled or time frame changed. I fixed it so
it does not move the line when you scroll. But the move is still there when you change time frame. Don't
know how to fix that. You can change an input variable and get the old behavior.
New RSI TrendLine Alerts Download
New version of RSI_Magnifier
A user, Big Be, made several changes to RSI_Magnifier for better
appearance and cleaner code and contributed the files for distribution.
I appreciate the help and
consider this a good change. It is easy to adjust the colors of the
lines because they all come set to nice colors rather than black. I
code is a lot cleaner than it was before. I asked him to change the
name a bit to distinguish between them, and I'll probably use his code
additional changes. Thanks, Big Be.
New RSI_Magnifier BB V2 Download
New version of Price Action Channel
Now the Price Action channel allows you to change the colors and size of both lines and arrows.
And I added voice announcements ( of which pair) since it appears the original sounds were not provided. The sounds are
included with this indicator and are free. This indicator is based on one similar from Dean Mallone at
CompassFX.com See that site for information on the basic strategy.
New Price Action Channel Download
Fibonacci level from Higher TimeFrame
This is a cool indicator I wrote based on showing Fibonacci levels from the bar just prior to the open bar on H4 or D1
and putting those levels on your lower ( M15 ?) trading timeframe. The concept came from Tom Strignano, but the indicator
does not include his propriatery levels. If you know his levels you can replace the standard levels with his levels.
The price touches these levels and often bounces off or hesitates there. Banks use this method and that explains why the
price respects these levels so much. It is reather magical.
I suggest you put it on a chart and make your own decision as to wheather it is valuable or not.
A text file is included to explain the indicator.
I've seen a lot of S&R indicators, but this one beats them
hands down. Say you trade M15, it looks at H4 and finds the S&R
and draws them on your trading chart. It updates when the higher
time frame creates a new bar.
So it doesn't sit there using computer resources at every tick.
You can change the higher time frame to whatever works for you.
Default is H4. The value is that it shows you the big
important peak lines based on that higher time frame.
Fixed Risk Scripts
I use these scripts to buy and sell exclusively now. They calculate
a stoploss from the most recent high or low,
they limit that stoploss to your min and maximum value. Based on that
stoploss, they calculate your proper lot size
for the per trade risk you have choosen. They also limit your total
risk to a fixed value.
Place these files into /experts/scripts/ and reboot Metatrader so they
These two values, per trade risk
and total trade risk are initally set to 3% and 10% of your total
account. These are high and you may want to change them to
a safer risk of 1% or 2%. That is a personal setting and you have to
open the mq4 file in the MQ4 editor,
edit the right values, and thn compile them. Download
Non-ProgrammerChangesToIndicators.PDF for more details on how to change
these values. Also, you might want to change the maximum and minimum
stoploss. Presently, they are 80 and 120 pips which is good
for the daily chart, but not for lower time frames.
Fixed Risk Scrips Download
A companion to TrendLineAlerts. While TrendLineAlerts is great for price changes, we have seen that the RSI_Magnifier
is sometimes a better trend line indicator than price bars and this free trend line alert works inside
RSI_Magnifier rather than on the price bars. Drop it on top of the RSI_Magnifier window.
Use both of them to alert you to breakouts on price and on the RSI.
A simple way to put text on screen. The MT4 insert text does not work when you save a template and apply it to other charts.
I usually have live and demo accounts running at the same time. This lets me know immediately which one I'm looking at.
System Name Indicator ...
A simple and direct display of the remaining time in the open bar. A common indicator, but this one seems
more pleasant to look at than most. Also, it will annouce each new bar if you desire.
The ultimate indicator. If I only had one indicator - it would be
this one. While the traditional RSI
is respected, it does not get the respect it deserves. This
'Magnified' version gives you incredible trendline
signals that are better than watching the price bars themselves. If
you are looking for a Forex solution, read
this next page for more information and a free download. I kid you
not. This is a new version (as of Nov 2011)with more details.
RSI Magnifier ...
Trend Line Alerts Indicator
This indicator puts a single trend line on screen. You can double
click and move the line around. If you position below rising
prices and the line slopes upward, it will annouce the pair when
prices cross the line going lower. And vice versa
if you position it above prices and slope it downward. It annouces the
pair by name ( you will need the audio files
or make your own) and lets you know that a trend has broken.
This free PDF is from one of the vendors I know (as in "I'm on his
it's a breakout strategy that looks very good. Uses trendline breaks
and RSI to validate the trade. Very simple to use and apply.
3Bar StopLoss Indicator
This puts two lines on screen that follow the stop loss and the entry price of the last three bars.
It shows you a trailing stop while in a trend and flips from red to blue based on two moving averages that cross.
This makes it a trend detector, and entry/exit advisor and a 3 bar stop. Have fun.
Buy and Sell Scripts
Until Metatrader 5 gets here, the easiest way to place an order is with a script. You drag and drop it on
a chart and you get your trade. The problem is that sometimes you don't get the trades and have to redo the script
to try again. But if your broker still allows stop loss and take profit orders to be placed with the order, then
these scripts should work.
Probably the most significant indicator, written from scratch, I've released.
This Congestion Breakout indicator speaks "Break Out! Euro USD Dollar" (for example) or alerts when price changes
from flat and congested to a breakout. Fourteen pairs are handled with the voice alert.
With their movement based on the crossing of two Moving averages,
these two lines show where price has stagnated and where support and resistance lies in recent bars.
Last High/Low StopLoss.
Another new one, this is a great little indicator that shows the best stoploss position based on the previous high or low.
It tells the exact price and the pips to that price for both possible positions.
This one, inspired by a commercial indicator, but written from scratch, gives you additional resistance and support
lines based on price numbers that end in '0'. If you want to consider the commercial system, google "The
Natural Flow Of The Market" or "Craig Harris". His system uses a similar indicator and I like what he has to teach.
Audio Files to work with the Indicators
These audio files are voice segments that allow some of the indicators to say which pair has the alert. When you deal with more than two or three charts, it is nice to know which chart is actually moving. The quality is not professional, but then the price is in line with that. You are certainly free to make your own audio files to work with the indicators. This package will have audio files added as they are created. Once you purchase it, you get a notice to download a new copy when the contents are updated. No charge for the additional files. Audio used by my indicators will be in this file. Audio Files: $7.00 , Recieve emailed download link immediately after payment. Pay with Paypal.
Quality Score Pages - Grade your own trades as they occur.
Do you ever take a trade and later say "Why did I do that?". I sure have. I needed something and Quality Pages might
help you trade better.
Working AutoPivots - no need to refresh when the day changes.
Autopivots puts industry accepted levels of support and resistance on screen. The original version had an error during the
first bar of a new day. You really need these levels on your charts.
Trend Indicators: Long and short term.
Using a novel approach, this indicator puts a straight line on your chart that aligns with the general price data.
When working up close, it helps to remind you of the long term trend.
IREGR CHANNEL - with Multi-Frame Trend Lines and Scrolling into the past!
A Price Channel that shows the real trend, the expected price variation and provides a framework in which the price moves...
I've made modifications to allow scrolling into the past and added Multi-timeframe trendlines.
Download all three versions for FREE. MORE INFORMATION...
MACH_STOCH - MACD and Stochastic for all Timeframes!
See a easy to comprehend, graphical disply of MACD and Stochastic for all time frames. Download it for FREE. MORE INFORMATION...
Moving Averages Tool Box - several useful modifications everyone needs.
A collection of useful indicators based on moving averages. Equipted with sounds, alerts and everything can be modified. MORE INFORMATION...
Screen Capture Trades - Record everything when a trade opens or closes.
You know you need to review your trades. This screen capture software tracks your trades and when a trade occurs, or when it closes, your chart is captured and saved. It gives you a perfect record of what happened and why. MORE INFORMATION...
Non-Programmers: Changing Indicator Variables Permanently
Ever get tired of making the same changes over and over again when you drop an indicator on a chart? Even non-programmers can make permanent changes to an indicator or EA. 2 page pdf. Download for free. MORE INFORMATION...
DEBUG INDICATOR - tool for modifying or writing indicators and EAs.
Any programmer needs to see how variables are behaving - especially when timing is critical. Metatrader does not make that easy to do. Print statements and Alerts only go so far and this debug indicator will help document what happens in your code. MORE INFORMATION...
Heiken Ashi Tools - Spruce up your charts.
If you use Heiken Ashi Bars or are interested in them, these tools might help. See how to make things more clear. MORE INFORMATION...
TDI - TradeAnnouncer - speaks which pair and which timeframe
Trader's Dynamic Index, from Dean Malone at compassFX.com is free, but this modified version comes with alerts or signals. TDI_TradeAnnouncer, can now speak to tell you exactly which pair and timeframe is going up or down. When you watch ten pairs at once, you need to know which one has a trade opportunity. The sound files cost $7 but the indicator works without them. You can buy the ones we provide or make your own to give it voice. Without these audio files in place, it uses a common alert sound file that is part of Metatrader. MORE INFORMATION...
Trade Man - Know your risk and options while you trade.
New Version - Bug fixes!
On-chart display shows your monetary risk on multiple orders, on multiple currencies.
Shows you open lots, available lots and the risk associated with each.
Shows time to bar close,
Shows open profit and loss for both the open trade and the day. Know your situation.
Ask Price Correction - Simple fix for inaccurate display of Ask Line on Chart.
For certain brokers, the Ask price line on chart is not accurate. On my ForexMeta demo that uses FXDD.com, the ask line says 2 pip spread, when the actual spread is 3 pips. Makes it hard to see when the Ask is going to touch a stop or take profit. This simple indicator puts a true Ask price label on the right most bar. MORE INFORMATION...
FOR FUN: Rain and Popcorn Audio which plays at each tic
Sometimes you just need a break. But seriously, it lets you hear the ticks
and judge activity and volume at a gut level instead of numbers and graphs. Comes with the sound files for free.
Rain has 12 unique sounds that play randomly when a tic comes in. Popcorn has 15 sounds. Sounds are short (0.1 second).
Download Rain Indicator and Sounds
Download Popcorn Indicator and Sounds