Saturday, March 29, 2014

Currency Compare Osc Indicator

Currency Compare Oscillator Indicator


Currency compare oscillator is a very simple Indicator that show how much a currency gained or lost (gain and loss in %) during a specific number of periods (10 by default). For each currency, the indicator calculate the average gain/loss in % by referring to all the crosses of that currency, so make sure your broker provide the complete crosses list for each currency, also this indicator is lagging if you use it in shorter time frames, please limit it's usage to daily time frame and try to load all crosses charts mainly before using it to avoid CPU lagging.

The idea behind this indicator is simple, a currency which tend to lose or gain too much in short period, will eventually reverse direction soon.
For the last 10 days, AUD gained 2.7% across the board, probably the currency will stop or lose ground after reaching that level just like what happened in the past.


You can also use a single currency to compare other currencies by setting Reference_Currency Input variable, for example use USD as reference:




Another benefit of this indicator is help you choose the right currency pair: Using long term period view you only make sure to buy the best  performer and sell the less performer:
Using 150 periods to compare you can see that GBP is above zero line (GBP is good performer in long term) and AUD is below zero line (AUD is weak in long term), the idea here is to keep with the trend (Buy GBP and sell AUD) unless there is a big fundamental shift (BOE/RBA Monetary policy decision, Geopolitical event, Economic crash...).

Download:


 http://www.mediafire.com/download/v0cs9k7d68mfh5f/Forex_Simple_And_Easy_CurrencyCompareOsc.zip

Friday, March 28, 2014

CFTC COT Report Indicator

CFTC COT Report Indicator


Description:
This Indicator draw the COT report Net Positions (Long contracts-Short contracts) for a specified currency in the weekly time frame, By default Non Commercials in red, Commercials in blue and Non Reportable in green. You should feed this indicator with data from COTDATA.txt file placed in \MQL4\Files  subdirectory of the MT4 installation directory. Please check this blog for the latest data file every Friday night.

COT report is very useful for medium/long term Forex traders, Help to detect overbought and oversold currencies contracts in the future market and predict reversals, if you don't know how to use it please check this link: http://www.informedtrades.com/blogs/tekmnd/87-how-use-cot-report.html

This indicator should be used in the weekly chart.

Download:
Indicator: http://www.mediafire.com/download/lw89dds35rth5wp/Forex_Simple_And_Easy_COTNetPositions.zip
Last Data file 01/04/2014:  http://www.mediafire.com/download/c87qs2cc1t3a3sz/COTDATA.zip

Ichimoku Cloud Indicator

 Kumo Cloud Indicator


Description:
The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals. Ichimoku Kinko Hyo translates into "one look equilibrium chart".
The Cloud (Kumo) is the most prominent feature of the Ichimoku plots!;

There are two ways to identify the overall trend using the Cloud. First, the trend is up when prices are above the Cloud, down when prices are below the Cloud and flat when prices are in the Cloud. Also you can use the base line to confirm the price move: 
Bullish Signals: Price is above Cloud and Price Moves above the Base Line 
Bearish Signals:  Price is below Cloud and Price Moves below the Base Line 

Download:

MTF Moving Average Indicator


MTF Moving Average Indicator 


Description:
MTF Moving average (Multi time frame moving average) is just like the regular moving average but it keep focus on a single time frame period, so you keep your moving average view when switching between time frames. A 14 daily (1440) moving average seen from daily and H4 chart:


Download:
http://www.mediafire.com/download/lkv9i3cis661ugd/Forex_Simple_And_Easy_MTFMovingAverage.zip

Thursday, March 27, 2014

Market Info Indicator

Market Info Indicator 




Description:
 A very useful indicator to use before taking any trade decision. It print the necessary info about the currency pair on the chart:
-The spread in ticks;
-The swap long fee in $
-The swap short fee in $
- The value of 1 tick move in th chart per 1.0 lot.
-ATR in tick: how much the market move per day in average (you can configure the average period).
-ATR per 1.0 lot in  $.
-How much Risk in ticks you can take in this pair using your configured risk per trade (default= 1$) and your configured lot size (default 0.01 lot).

Download:
http://www.mediafire.com/download/jb1j9e37s8cq5jv/Forex_Simple_And_Easy_MarkeInfo.zip

Volatility Oscillator Indicator

Volatility Oscillator Indicator




Description:
This indicator compare the volatility of the 10 last periods to the max/min volatility of the 100 last periods.
Result value is between 0 and 100.

0     -> very low volatility.
100 -> very high volatility.

Usage:

You could use this indicator as Volatility breakout startegy:

Usually the market cycles back and forth between lower volatility (range contraction) and higher volatility (range expansion), you detect a period of low volatility that moves to higher volatility, this method attempts to capture and confirm the resulting trend from a congestion pattern breakout.

Download:
 http://www.mediafire.com/download/pye3lb03e43qbrv/Forex_Simple_And_Easy_Volatility.zip