MT4 Indicator Mass Index:
-
The mass index serves for finding turns in trends
-
It is based on changes between maximum and minimum prices
-
When the amplitude gets wider, the mass index grows; when it gets narrower, the index gets smaller
-
The mass index was created by Donald Dorcy
-
According to Dorcy the most important mass index signal is a special model which is formed by the indicator
-
It is called "reversal bulge". It is formed if a 25-period mass index at first rises above 27 and then falls below 26,5
-
In this case a turn of price can take place, independently of the general trend (the price can move up or down or fluctuate within a trade
corridor)
MT4 Indicator Commodity Channel Index (CCI):
-
The Commodity Channel Index Technical Indicator (CCI) measures the deviation of the commodity price from its average statistical price
-
High values or the index point out that the price is unusually high being compared with the average one, and low values show that the price is too
low
-
In spite of its name the CCI indicator can be applied for any financial instrument and not only for the wares
MT4 Indicator Parabolic SAR (Stop & Revers):
-
The Parabolic SAR Technical Indicator was developed for analysing trending markets
-
The indicator is constructed on the price chart
-
It it similar to the Moving Average Technical Indicator with the only difference that Parabolic SAR moves with higher acceleration and can change its
position in terms of the price
-
The indicator is below the price on the bull market (Up Trend) and if it is bearish (Down Trend), it is above the price
-
When the price crosses Parabolic SAR lines, the indicator turns and its further values are situated on the other side of the price
-
If such an indicator turn does take place, the maximum or the minimum price for the previous period would serve as the starting point
-
If the indicator makes a turn, it gives a signal of the trend end (correction stage or flat) or of its turn
MT4 Indicator Moving Average:
-
The Moving Average Technical Indicator shows the mean instrument price value for a certain period of time
-
If on calculates the moving average, one averages out the instrument price for this time period
-
As the price changes, its moving average either increases or decreases
-
There are four different types of moving averages: Simple (also referred to as Arithmetic), Exponential, Smoothed and Linear Weighted
-
Moving averages can be calculated for any sequential data set, including opening and closing prices. highest and lowest prices, trading volume or and
other indicators
-
It is often the case if double moving averages are used
-
The only thing where moving averages of different types diverge considerably from each other, is if weight coefficients, that are assigned to the latest
data, are different
-
In case we are talking of the simple moving average, all prices of the time period in question, are equal in value
-
Exponential and Linear Weighted Moving Averages attach more value to the latest prices
MT4 Indicator Pivot Points Support and Resistance Lines
MT4 Indicator Accumulation Swing Index
MT4 Indicator Bollinger Bands