TOP 100 best indicators: post good indicators here

Quoting michaellobry

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{quote} I like your fisher indicators. The arrows probably repaint, because they are always right on the perfect high and low. The histogram looks nice. The other two indicators don't work for me, even after manually compiling in metaeditor creating an ex4, still didn't load in MT4. Probably because they are from the older build. In that case you need to include the ex4 files of the older build (the ones that do work), will still work in the newer MT4 builds. I tried another nice indicator. It gives similar results. I like how TMAslope_norm often...

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Quoting francisakz

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{quote} The TMA slope is a great indicator, it doesnt repaint, but it recalculates, it is not an indicator to use alone, if not in a ranging trend you are done for, it best to use with another indicator for confirmation.

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Quoting michaellobry

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{quote} In what way do you check for a ranging market (where you open orders for a ranging market)?

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Quoting michaellobry

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{quote} In what way do you check for a ranging market (where you open orders for a ranging market)?

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Quoting michaellobry

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{quote} In what way do you check for a ranging market (where you open orders for a ranging market)?

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Quoting francisakz

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The truth about MT4 is that it was programmed for traders to lose, it doesnt get the actual data, which is the reason why many indicators fail, because indicators function from the data the MT4 platforms gives.

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There are six different Brilliant Candles plugins, that paint the candles depending on
the amount of volume (very low, low, average, high, very high or ultra high). When
mastered, it is a powerful tool for determining activity near supply and demand levels.
The more red the candle is, the bigger the volume. Light blue or grey signifies low
volume or average volume areas. Here, it is important to always have the context in
mind, i.e. where does a specific colour plot and what happened before that. For
example, if after a significant move down, you have a red up-bar (ultra high volume),
right at a support level, that points to a bullish move. However, if this red bar is
happening after a rally and into a significant resistance level, you would expect price to
retrace. If it's after a rally, but there's no resistance level nearby, you can expect price
to stall and then continue the upmove.
Please take the time to pay attention to these bars at various supply/demand levels
and you will pick up the patterns yourself. After all, there is no neural network more
powerful than the BRAIN.
The parameters, except maxlookback (which sets the number of bars on your chart to
paint), all deal with what the algorithm considers low volume, high volume, etc., relative
to the average volume over a specific number of bars. You generally don't want to alter
any of these settings. This is what I use and they are the most optimal settings.

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✓ Stage 1
⁃ will make you familiar with volume analysis;
⁃ you will be watching the Brilliant Candles, VWAP levels, Price Velocity and Tick
Scalping Widget;
⁃ mostly watch the 1 and 5 minute timeframes and occasionally switch to the 15
minute to see the candle colours and price reacting to VWAP levels;
⁃ remember: the more red a candle is, the higher the volume in it; if it's light blueish or
grey, there is low volume.
✓ Stage 2
⁃ will make you familiar with corelation;
⁃ you will be watching the Brilliant Currency Strength Board and Currency
Strength Oscillator;
⁃ 1, 5, 15 and 30 minute timeframes will show you the intraday strengths, 1 and 4
hour charts show the medium term strengths and daily and higher show the long
term currency strengths;
⁃ pay attention to the crosses in the strength oscillator on the intraday charts (1, 5 and
15 minutes especially).
✓ Stage 3
⁃ will make you familiar with price action and key levels;
⁃ you will be watching the Brilliant Reversals, Astro S/R and Key SR Levels;
⁃ watch any timeframes you'd prefer, paying special attention to the intraday charts
(H1 and below);
⁃ pay attention to the reversal alerts in corelation with where price is (near support/
resistance).
✓ Stage 4
⁃ will make you familiar with time cycles;
⁃ you will be watching the Period Range, Fourier Forecast, Open Levels and
Session Levels;
⁃ monitor the intraday charts, paying close attention to the way price reacts to the
levels and how the Fourier aids in determining reversals;
⁃ pay close attention to the beginning of major sessions (London Open, US Open, US
Equity Markets Open) and how price tends to make big moves at those times.
✓ Stage 5
⁃ you will build up a little discipline;
⁃ you will watch the Trading Advice text along with the price action and the impact of
major news items listed in your Brilliant News Manager;
⁃ you will not be trading these 5 days, which is part of your discipline (tame your
greed, build your patience).


Improving accuracy and profit potential
Here are a few tips and tricks for improving the accuracy of your trades and
maximizing profit potential:
✓ use higher timeframes to determine trends, then move to the lower timeframes to
look for reversal trades in the direction of the higher trends (e.g. if the H1 trend is up,
go to an M5 timeframe to find buying opportunities after declines in price);
✓ only trade at high volume times (first 3 hours of the European Session plus the
London-US Overlap);
✓ on confidence setups, try using a wider stop loss (I use 15 or 20 pips on the 1
minute chart) and if price goes against you half of the stop size, scale in (add a new
position), using the same stop loss as before; when price returns in your favour,
close the first entry once it's breakeven and manage the second one, which is now a
much better entry; make sure that your accumulated risk on both positions isn't more
than 5%!
✓ look for exits at key levels instead of exiting once you have a predetermined
number of pips profit; the market doesn't care about that;
✓ set bigger targets on trend trades, expecting price to continue the trend (thus
making higher highs in an uptrend or lower lows in a downtrend);
✓ take quick profits in countertrend trades and use half the risk that you take for trend
trades;
✓ use the Brilliant Nostradamus on a separate timeframe and use it to time your
Top Lessons In Forex: http://toplessons.in/forex
entries; primarily look at the TIMING of the reversals and only secondarily at the
direction, because sometimes cycles can invert; the direction of the turn is easy to
figure out from the live price action, using the Brilliant Reversals indicator;
✓ keep a trading journal, noting the maximum drawdown, maximum profit and actual
exit of each trade; once you get over 100 trades, you can draw some conclusions
and improve your stop loss placement and your exits; practice on a demo account
until you are confident enough to move to a live account; once you double or triple a
demo account, you should be ready to move on; once you do, please risk money
that you can afford to lose, otherwise you will be emotionally attached and won't
stand by your own rules;
✓ once you have a streak of three winners in a day, stop trading; don't push your
luck, don't get greedy and overtrade; similarly, if you have a losing streak, close your
platform for a few hours or just relax until the next day, otherwise you will be inclined
to take "revenge" on the market and bend the rules;
✓ try some meditation; only if you are calm you can have a clear mind and make the
best out of what you do; each individual failure or success should be the same to
you and not change your peace of mind; it's the long term success you are looking
for; accept the losses, learn from them and know that in the long run, you will be in
advantage; always have the big picture in mind;
✓ feel free to send me screenshots via email with your trades, so I can comment on
them and help improve your thinking;

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Candles Price Action Indicator plots these J16 price action setup: IB(Inside Bar), IBS4(Inside Bar Smallest of 4), MSL(Market Structure Low), MSH(Market Structure High), TBH(Two Bars High), TBL(Two Bars Low), DBHLC(Double Bar High, Lower Close), DBLHC(Double Bar Low, Higher Close), PINUP, PINDN, BuOVB(Bullish Outside V Bar), BeOVB(Bearish Outside V Bar).


3 most effective price action patterns IMHO, and how to properly trade them:

Pin Bar – PB.

Double Bar Low Higher Close – DBLHC… and Double Bar High Lower Close – DBHLC.

Bearish Outside Vertical Bar – BEOV… and Bullish Outside Vertical Bar – BUOVB

Pin Bar Rules

A Pin Bar is a reversal price action pattern that can be found at the end of a trend.

The number one characteristic of a Pin Bar is that it has a small body followed by a large shadow or wick.

In some case, the closing price can be the same as the opening price.

Higher-probability Pin Bars have a shadow of at least 2/3 of the entire bar price range.

A bullish Pin Bar is a bullish reversal pattern that usually occurs at the end of a bearish trend and indicates price exhaustion.

We’re going to look to go long after the bullish Pin Bar has formed and place a limit order above the high of the PB. Usually the stop loss is placed just below the wick.

A bearish Pin Bar is a bearish reversal pattern that usually occurs at the end of a bullish trend and indicates price exhaustion. We look to go short after the bearish Pin Bar has formed and place a limit order below the low of the PB. Usually the stop loss is placed above the wick.

The most important thing to remember is that a Pin Bar is reliable only in the right market context and it must develop at the right location

Double Bar Low Higher Close Pattern Rules


The Double Bar Low Higher Close pattern is a continuation bullish price action pattern or a reversal bullish pattern.

How to identify a DBLHC pattern? The DBLHC pattern is basically a two bar pattern, one bearish candlestick followed by a bullish candlestick.

The DBLHC pattern is comprised of two candlesticks that have identical lows or near the same price level, but the second candlestick has the close higher than the first candlestick closing price.

The wick is usually very small, with a pretty large body

Entery at market price, immediately at the open of the next candle once the DBLHC pattern is established or place a limit order above the high of the second candlestick.

The protective stop loss can be placed below the low of the second candlestick.


Double Bar High Lower Close Pattern Rules


The Double Bar High Lower Close pattern or DBHLC is a continuation bearish price action pattern or a reversal bearish pattern.

How to identify a DBHLC pattern? The DBHLC pattern is basically a two bar pattern, one bullish candlestick followed by a bearish candlestick.

The DBHLC pattern is comprised of two candlesticks that have identical highs or near the same price level, but the second candlestick has the close lower than the first candlestick closing price.

Entery at market price, immediately at the open of the next candle once the DBHCC pattern is established or place a limit order below the low of the second candlestick.

The protective stop loss can be placed above the high of the second candlestick.

Bearish Outside Vertical Bar Pattern Rules
The Bearish Outside Vertical Bar is a bearish reversal pattern that appears at the end of a bullish trend.

How to identify a BEOVB pattern? The BEOVB pattern is basically a two bar pattern, one small bullish candlestick followed by a large bearish candlestick.

The high of the second candle must be higher than the high of the first candle, and the low of the second candle must be lower than the low of the first candle.

A valid BEOVB pattern has the second candle closing price lower than the low of the first candle low.

The BEOVB pattern is confirmed once the low of the second candle is broken.

Entry at the market price once the second candle low is broken and place your protective stop loss above the BEOVB’s high.

Bullish Outside Vertical Bar Pattern Rules
The Bullish Outside Vertical Bar is a bullish reversal pattern that appears at the end of a bearish trend.

How to identify a BUOVB pattern? The BUOVB pattern is basically a two bar pattern, one small bearish candlestick followed by a large bullish candlestick.

The low of the second candle must be lower than the low of the first candle, and the high of the second candle must be higher than the high of the first candle.

A valid BUOVB pattern has the second candle closing price higher than the high of the first candle high.

The BUOVB pattern is confirmed once the high of the second candle is broken.

Entry at the market price once the second candle high is broken and place your protective stop loss below the BUOVB’s low.
hi
do you have DBLHC or DBHLC indciator file ?
try this: https://www.mql5.com/en/market/product/ ... escription

or use this one:

IB(Inside Bar)
IBS4(Inside Bar Smallest of 4),
MSL(Market Structure Low),
MSH(Market Structure High),
TBH(Two Bars High),
TBL(Two Bars Low),
DBHLC(Double Bar High, Lower Close),
DBLHC(Double Bar Low, Higher Close),
PINUP,
PINDN,
BuOVB(Bullish Outside V Bar),
BeOVB(Bearish Outside V Bar).

Quoting michaellobry

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{quote} I like your fisher indicators. The arrows probably repaint, because they are always right on the perfect high and low. The histogram looks nice. The other two indicators don't work for me, even after manually compiling in metaeditor creating an ex4, still didn't load in MT4. Probably because they are from the older build. In that case you need to include the ex4 files of the older build (the ones that do work), will still work in the newer MT4 builds. I tried another nice indicator. It gives similar results. I like how TMAslope_norm often...

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Quoting cowbearcar

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{quote} Here you are. Okay, I haven't upgrade MT4 long time ago. Since I can compile the mq4, don't need to upgrade mt5 as less free indicator found {file} {file}

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Quoting hesron

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thanks {image} {file}

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