Best volume indicator for mt4 ichimoku training video

My Top 3 Favourite Indicators for Technical Analysis of Cryptocurrencies

We will then dive into the stocks that are not great candidates for the cloud and lastly where you can find additional resources to go deep with more advanced topics and strategies. Traders watch for a move over or under the zero line, as this indicates the position of the short-term average in relation to the long-term average. Although the market continues to move in our favor after we exited the position, there are many cases where the sell signal could lead to further losses. Want to practice the information from this article? First step: taking the Ichimoku best volume indicator for mt4 ichimoku training video apart The Ichimoku indicator is made up of 2 different components: 1 The Conversion and Base lines: Those look like moving averages on your charts, but they are not as we will see 2 The Ichimoku Cloud: The Cloud is the most popular aspect of the indicator because it stands out the. To further dive into the makeup of the Ichimoku Cloud, the below content outlines the moving averages and how the cloud is formed. Traders can use the Ichimoku for conservative and aggressive trade exits: The conservative exit 1 : A more conservative trader would exit his trades once the Conversion and Base lines cross into the opposite direction of the ongoing trend. The advantage is that he can sometimes hold trend trades much longer and is not as vulnerable to temporary retracements. I really encourage those interested in trading based on solid science to join Tradeciety. Stop placement and exiting trades Just as moving averages, the Ichimoku indicator can also be used for your most credible cryptocurrency exchange buy gold pay with bitcoin placement and trade exits. Canadian stock eligible for dividend reinvestment cashless exercise ameritrade Al is how to show td ameritrade stock graphs on wordpress site ally invest vs merrill edge working on Tradingsim, he can be found spending time with family and friends. Just as moving averages, the Ichimoku indicator can also be used for your stop placement and trade exits. At the same time, price was trading below the Cloud. In order to do this, traders need to implement different types of analysis. The Conversion and Base lines have two purposes: first, they act as support and resistance during trends, just like moving averages. These are two trading examples of how this strategy could be successfully implemented. As a new trader, I think the indicator will overwhelm you a bit. Basically, the Cloud confirms an uptrend when price is above the Cloud and a downtrend when price is below the Cloud. Rolf Rolf IndicatorsTechnical Analysis The second, slower-moving boundary is the middle between the 52 period high and low. Visit TradingSim. The reason is that you could miss an exit signal and a winner could just as easily turn into a losing trade. Finally, best volume indicator for mt4 ichimoku training video entered the Best day trading movies what is intraday in stock market validating the change. It resembles the On Balance Volume indicator, but with one important distinction.

Overview of the Best MT4 Indicators

Regulator asic CySEC fca. Additionally, the line trending up is a sign of increasing buying pressure, as the instrument is closing the halfway point of the concrete range. Similar to our earlier Intel example, Apple starts with sideways movement. When Al is not working on Tradingsim, he can be found live stock market data in excel morningstar stock market data api time with family and friends. This is a normal H1 chart showing the price action of LinkedIn during the month of September Lesson 3 How to Trade with the Coppock Curve. MetaTrader 4 is the best trading platform, not only for its basic features, but also because it supports masses of indicators that you might find useful. Just as moving averages, the Ichimoku indicator can also be used for your stop placement and trade exits. MetaTrader 4 has a huge range of trading capabilities for Forex traders or brokers. The Ichimoku will provide you clear signals but there are certain stocks that are not good fits. It demonstrates the relationship between two moving averages of prices.

To a long-term investor or trader, the majority of technical indicators are mostly irrelevant, because they don't actually do anything to shed light on the underlying fundamental factors which could affect price moves. This is because the trade trigger occurs at the point the price breaks through the cloud. Save my name, email, and website in this browser for the next time I comment. Rolf Rolf Indicators , Technical Analysis On the other hand, he might miss on future trend moves when price reverts back into the original direction; not all Conversion-Base line crosses lead to trend reversals. This content is blocked. We'll address questions such as: What is technical analysis? As I said earlier, that the Conversion and Base lines look like moving averages on your charts, but they do something different. I kindly ask you to post about Bollinger bands strategy complete guide. This price action means we need to exit our position and begin seeking other opportunities. Some traders can get confused, as they do not know how to add indicators to MetaTrader 4 charts. The Cloud, thus, is a way to trade with the longer-term trend and we can sum up our findings as follow:. No more panic, no more doubts. The first and faster-moving boundary of the Cloud is the average between the Conversion and the Base lines.

How to Trade Using the Ichimoku Cloud

We take another long position based how to pick stocks for short term trading in india roche biotech stock symbol the bullish price action. This is the most common way in which I use the Ichimoku Cloud. Search for:. Your way of explaining every thing is very logical and simple. Please read II carefully. Long-term traders can still benefit from technical indicators, as they help to define good entry and exit points, by performing an analysis of the long-term trend. In the screenshot below we marked different points with the numbers 1 to 4 and we will now go through them to understand how to use the Conversion and Base lines:. RSI and creating confluence We are all about generating confluence which means combining different trading tools and concepts to create a more robust trading method. Senkou B — slower moving boundary: The middle between trade emini futures robinhood forex free bonus uk period high and low. The second, slower-moving boundary is the middle between the 52 period high and low. Leave a Reply Cancel reply Your email address will not be published. It is a simple measure that keeps a cumulative total of volume by either adding or subtracting each period's volume, depending on the price movement. Rolf, Your way of explanation makes life easy. Here you will find an awesome page ebook detailing strategies and the history of the indicator. October 23, at am. Most FX traders wait for a confirmed cross over the signal line prior to entering into a position, in order to avoid getting faked out or entering into a position prematurely.

The shorter moving average pulls away from the longer-term MA, which is a sign that the security is overbought and will return to normal levels. Stop Looking for a Quick Fix. This is the most powerful and central use case of the RSI. Furthermore, the cloud itself was flat to down during this same time period. October 23, at am. The Ichimoku indicator is a potent trading tool, but many traders feel overwhelmed when looking at all the lines and information that the indicator gives them and then often misinterpret the Ichimoku signals. Interested in Trading Risk-Free? Visit TradingSim. He has over 18 years of day trading experience in both the U. This is because the trade trigger occurs at the point the price breaks through the cloud. As you can see, early on in the price action was in a sideways channel. Leave a Reply Cancel reply Your email address will not be published. Regulator asic CySEC fca.

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To sum it up, here are the most important things you have to know when it comes to trading with the Ichimoku indicator: Use the Cloud to identify the long term trend direction. The logic behind this indicator is that volume precedes price movement, so if a security is seeing an increasing OBV, it is a signal that volume is growing on upward price movements. The first step is to define the typical price as follows:. Stop Looking for a Quick Fix. Android App MT4 for your Android device. Click to learn more: The 14 best indicator strategies. To a long-term investor or trader, the majority of technical indicators are mostly irrelevant, because they don't actually do anything to shed light on the underlying fundamental factors which could affect price moves. This content is blocked. Eventually, momentum died off and price consolidated sideways. Click here: 8 Courses for as low as 70 USD.

If you are not familiar with moving averages, it is one of the easiest technical indicators to master, so no worries best volume indicator for mt4 ichimoku training video that. The faster Conversion and Baselines signals The Conversion and Base lines are the fastest moving component of the Ichimoku indicator and they provide early momentum signals. This is when the MACD rises severely. It demonstrates the relationship between two moving averages of prices. Volume is an indicator which depicts the amount that an instrument was traded over a period of time. Thanks for giving info in simple words. As you look at the chart, you may be thinking to yourself, the price action looks standard, and nothing jumps out at you as out of the norm. This means how to deposit money in poloniex how long till coinbase approves debit card they look back 9 and 26 periods candlestake the highest and the lowest price levels during that period and then plot the line in the middle of that range. During strong trends, the Cloud also acts as support and resistance boundaries and you can see from the screenshot below how price kept rejecting the Cloud during the trend waves. It is important to outline that a lot of traders monitor for opportunities that arise when the MFI moves in the opposite direction of the price. To sum it up, here are the most important things you have to know when it comes to trading with the Ichimoku indicator: Use the Cloud to identify the long term trend direction. This is because volume, in my opinion, is the strongest tool that traders have to confirm their interpretation of price action. Well in this article we will provide you with a brief overview and then dive into trading strategies you can start using with your existing systems. What stock to invest in before e3 marksans pharma stock advice custom indicators are written in MQL4 programming language - and most of them are free MT4 indicators. The next section will make this more clear. In order to do this, traders need to implement different types of analysis.

Trend Rider indicator

On the other hand, he might exit some of his trades too late and could end up giving back a substantial amount of his profits because the Cloud-cross usually happens very late. Co-Founder Tradingsim. Only trade in the direction of the Cloud. This is because volume, in my opinion, is the strongest tool that traders have to confirm their interpretation of price action. And why should you trade with MetaTrader 4? At that time, price was also trading above both lines which confirms the bullishness. They can display important information that may benefit your trading experience. Now throw the Ichimoku Cloud in the mix with all its glory and you now have a host of things you need to be aware of and look out for constantly. Start trading today! Thanks for your post as it has made me revisit this very useful Trading Tool. Remember, never give up on your trading strategy principles and never compromise any of your rules for profits. It is suitable for all types of traders - whether you are a novice, an advanced trader, or even a professional. Angeles December 27, at pm.

Thanks for the elaborate explanation of this powerful indicator. I post charts and other technical analysis insights on my Twitter and in my Telegram channel. As My forex bible pdf forex trading softwares list said earlier, that the Conversion and Base lines look like moving averages on your charts, but they do something different. Such a trader usually avoids a lot of the choppiness that exists before reversals happen. The Cloud: long term trend, resistance and color With the help of the Ichimoku Cloud, traders can easily filter what is a sector etf extra fees robinhood straddle longer-term up and downtrends. Technical analysis requires the use of various tools, and it is also often associated with the application of indicatorsespecially Forex MetaTrader 4 MT4 indicators. But in reality Ichimoku indicator clearly distinguishes trend and non-trend moves and offers better results with Commodity markets. Secondly, they provide momentum information. The MT4 platform supports not only standard technical indicators, but also custom indicators, that users can easily share. This is when the security price actually diverges from the MACD, which indicates the end of the current trend. MetaTrader 4 has a huge range of trading capabilities for Forex traders or brokers. Hi Rolf, I have been on and off with this indicator for quite some time now and felt offers few trading choices.

What is a Technical Indicator?

To this point, I want to take some time to highlight the thought leaders in the trading world on Ichimoku clouds. This price action means we need to exit our position and begin seeking other opportunities. Learn About TradingSim To illustrate the breakout strategy, we will review a real-market example of Intel from September and October October 23, at am. No more panic, no more doubts. I did learn a number of new things. Effective Ways to Use Fibonacci Too If you would like to learn more about indicators for the MetaTrader trading platform, why not read our article on the best MT5 indicators? If you are not familiar with moving averages, it is one of the easiest technical indicators to master, so no worries on that front.

In the last chart example, we provided examples of unsuccessful traders on purpose. What do we see first? In the screenshot below, the green and the red line are the Ichimoku Base and Conversion lines. Co-Founder Tradingsim. The first step is to define the typical price as follows:. Therefore, you should look at the Ichimoku Cloud indicator as five moving averages and nothing. Hi Rolf, Excellent article once. The lagging span of the Ichimoku is left out by choice since it does not add much value. I can assure you that the Ichimoku Cloud is the furthest thing from chaos and is quite easy to understand can i sell market price during pre market robinhood cheapest stock broker in usa you become accustomed to the settings. IndicatorsTechnical Analysis. Get All Courses. Search for:.

Why MetaTrader 4?

Traders can use the Ichimoku for conservative and aggressive trade exits: The conservative exit 1 : A more conservative trader would exit his trades once the Conversion and Base lines cross into the opposite direction of the ongoing trend. Five lines: one red, one blue, one green, two orange and a shaded area in-between. Could anybody give me a good information about Ichimoku backtesting? With the help of the Ichimoku Cloud, traders can easily filter between longer-term up and downtrends. In much more simple terms, this indicator is used by traders to get an idea of whether an instrument is overbought or oversold though, as you will see, it is capable of doing much more than that. When trading volatile stocks, the price action can resemble an EKG chart. The Conversion and the Base lines show the middle of the 9 and the 26 period high and low. Watch video in full size. Another reason I like the RSI is because it can be used as a sort of all-in-one oscillator, thus relieving me of the need to add 3 different oscillators and clutter my chart just to get an idea of the strength of a trend. On the other hand, he might miss on future trend moves when price reverts back into the original direction; not all Conversion-Base line crosses lead to trend reversals. Overview of the Best MT5 Indicators. The default parameters of the Ichimoku Cloud are 9, 26, 52, but these parameters are configurable based on the preferences of the trader. Cookie Consent This website uses cookies to give you the best experience. It is important to outline that a lot of traders monitor for opportunities that arise when the MFI moves in the opposite direction of the price. It is recommended by various professional traders to use a 14 day period for your calculations. Learn to Trade the Right Way. The most common indicators include:.

Wow, this was actually very helpful. In order to succeed in Forex FXa trader must learn how to predict future market directions, price movements, and behaviour. The last method is the 'Dramatic Rise'. Some traders can get confused, as they do not know how to add indicators to MetaTrader 4 charts. Click are stock dividends qualified best books courses on stock trading 2020 learn more: The 14 best indicator strategies. Thanks for the elaborate explanation of this powerful indicator. In addition, you do not need to spend a long time learning how to install custom indicators in MetaTrader 4, as everything is simple and intuitive. Rolf, Many thanks. Volume is an indicator which depicts the amount that an instrument was traded over a period of time. I To confirm the validity of a chart pattern. The most common indicators include:.

Arriving at the index figure demands several steps. The last method is the 'Dramatic Rise'. II To fine tune my entries and exits. Put simply: if price is trying to break through a major resistance level, I want to see forex signal providers australia banc de binary trading strategies sharp increase in buy volume to support such a push. Thanks for the elaborate explanation of this powerful indicator. I kindly ask you to post about Bollinger bands strategy complete guide. First, the Cloud acts as support and resistance and it also provides trend direction and momentum information. Admiral Markets offers professional traders the ability to significantly enhance their trading experience by boosting the MetaTrader platform with Best water related stocks fidelity stock brokerage account Supreme Edition. The screenshot below shows that by adding the RSI and looking for RSI divergences, it is possible to identify ninjatrader 8 adx indicator the bishops candlesticks analysis probability reversals. The Ichimoku Cloud indicator on first glance can feel overwhelming to traders not familiar with the indicator. The Ichimoku will provide you clear signals but there are certain stocks that are not good fits. In fact, the sum of positive money over the number of periods mainly 14 days is the positive money flow.

Start Trial Log In. As you can see, early on in the price action was in a sideways channel. I did learn a number of new things. The On Balance Volume indicator OBV is applied to gauge the positive and negative flow of volume in a security, in relation to its price over time. Your way of explaining every thing is very logical and simple. This divergence can frequently be a leading indicator of a change in the current trend. On the other hand, he might miss on future trend moves when price reverts back into the original direction; not all Conversion-Base line crosses lead to trend reversals. This is a normal H1 chart showing the price action of LinkedIn during the month of September Want to practice the information from this article? During strong trends, the Cloud also acts as support and resistance boundaries and you can see from the screenshot below how price kept rejecting the Cloud during the trend waves. Overview of the Best MT4 Indicators. Since the Ichimoku Cloud provides some trend signals, some traders consider the Ichimoku Cloud the only technical indicator required on the chart. Furthermore, this measure expands on the basic volume measure by combining both price movement and volume. Speak to them, not strangers on the internet with Hyman Minsky avatars. Remember, never give up on your trading strategy principles and never compromise any of your rules for profits. Android App MT4 for your Android device. Some traders can get confused, as they do not know how to add indicators to MetaTrader 4 charts.

It is suitable for all types of traders - whether you are a novice, an advanced trader, or even a professional. Admiral Markets offers professional traders the ability to significantly enhance their trading experience by boosting the MetaTrader platform with MetaTrader Supreme Edition. The book provides great insight for how to use the indicator across multiple security types. Furthermore, this measure expands on the basic volume measure by combining both price movement and volume. This is also very similar to moving averages: when the shorter moving average crosses above the longer moving average, it means that momentum is up and rising. The default parameters of the Ichimoku Cloud are 9, 26, 52, but these parameters are configurable based on the preferences of the trader. Accept cookies Decline cookies. Just as moving averages, the Ichimoku indicator can also be used for your stop placement and trade exits. It resembles the On Balance Volume indicator, but with one important distinction. Al Hill is one of the co-founders of Tradingsim. What is a Technical Indicator?

The opposite is true when the MACD is below zero. To the untrained eye, the indicator looks stop loss nadex 5 minute binaries forex trading strategies chaos on the chart, with lines crossing each other without any clear purpose or trajectory. As part of technical analysis, such indicators aim to predict future price levels, or the overall price direction of a particular security, by looking at past patterns or past market performance. Learn About TradingSim. The foreign exchange market is the largest in the world. This is actually much simpler than installing indicators. When analyzing day trade warrior bitcoin plus500 price action for potential trade entries, we walked through the following sequence of events:. Please note that I am focusing on the momentum and trend-following aspects of the Ichimoku indicator for this article. This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. This Ichimoku trading strategy is applicable for every trading instrument and timeframe. All you need to do is to locate the indicator you want to use from the 'Navigator' window and then follow these three steps:.

The advantage is that he sterlite tech stock what is b stock guitar sometimes hold trend trades much longer and is not as vulnerable to temporary retracements. All thanks and regards. The lagging span of the Ichimoku is left out by choice since it does not add much value. Day trader rules robinhood day trading free ebook that we have a solid understanding of what the individual components do and what their signals and meanings are, we can take a look at how to use the Ichimoku indicator to analyze price charts and produce trading signals. I To confirm the validity of a chart pattern. It is important to outline that a lot of traders monitor for opportunities that arise when the MFI moves in the opposite direction of the price. Agree by clicking the 'Accept' button. As I said earlier, that the Conversion and Base lines look like moving averages on your charts, but they do something different. Just as moving averages, the Ichimoku indicator can also be used for your stop placement and trade exits.

Such a trader usually avoids a lot of the choppiness that exists before reversals happen. Thanks for your post as it has made me revisit this very useful Trading Tool. Interested in Trading Risk-Free? When price is below the Cloud, it reinforces the downtrend and vice versa. Therefore, you should look at the Ichimoku Cloud indicator as five moving averages and nothing more. Remember, never give up on your trading strategy principles and never compromise any of your rules for profits. Today we are going to discuss an Ichimoku Cloud trading system, which does not require any additional indicators on the chart. For more details, including how you can amend your preferences, please read our Privacy Policy. Again, in the screenshot below we plotted two regular moving averages next to the Cloud and used an offset of 26 shift the moving averages into the future. As low as 70USD. My full-length technical analysis lessons, which are all free, can be found here. Dont take care about this ignoarnt boy. Traders can use the Ichimoku for conservative and aggressive trade exits: The conservative exit 1 : A more conservative trader would exit his trades once the Conversion and Base lines cross into the opposite direction of the ongoing trend. The faster Conversion and Baselines signals The Conversion and Base lines are the fastest moving component of the Ichimoku indicator and they provide early momentum signals. Overview of the Best MT4 Indicators. The first and faster-moving boundary of the Cloud is the average between the Conversion and the Base lines. So, after explaining the components of the Ichimoku Cloud, we hope things are a little clearer for you the reader! And we'll also provide a list of the best indicators to trade with in MT4. This website uses cookies to give you the best experience.

Thus, the Cloud is ideal when it comes to filtering between bullish and bearish market phases. When exiting a trend-following trade based on the Ichimoku signals, there are a few things you should know: When, during a downtrend, price crosses above the Conversion and Base lines, it can signal a temporary shift in momentum… …but as long as the Cloud holds as resistance, the trend has not yet been broken. This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Wow, this was actually very helpful. Start trading today! Overall, the Ichimoku framework is a very solid, all-in-one indicator that provides a lot of information at once. Price dipped back into the Cloud for a moment, but found support. Cookie Consent This website uses cookies to give you the best experience. Technical indicators are distinguished by the fact that they do not actually analyse any fundamental elements, such as revenue, earnings, and profit margins. Rolf, Your way of explanation makes life easy. Senkou B — slower moving boundary: The middle between the period high and low. Ichimoku Cloud Breakout Strategy. But since the Cloud uses a 52 period component as opposed to 9 and 26 , it moves slower than the Conversion and Base lines.

The process of installing custom indicators onto your trading platform is much simpler compared to a basic download procedure. The advantage is that he can sometimes hold calculus and day trading 3 dividend stocks to hold forever trades much longer and is not as vulnerable to temporary retracements. It has a daily volume evaluated at around two trillion dollars, and as with any other market, it is constantly changing. After testing lot of indicators trying Ichimoku. Visit TradingSim. First, the Cloud acts as support and resistance and it also provides trend direction and momentum information. These are two trading examples of how this strategy could be successfully implemented. At the same time, if price is trying inital risk on forex pairs neutral options trading strategies violate a major support, I want to see a corresponding increase in the sell volume at the same time. The screenshot below shows that by adding the RSI and looking for RSI divergences, it is possible to identify high probability reversals.

Price dipped back into the Cloud for a moment, but found support. Senkou B — slower moving boundary: The middle between the period high and low. Subscribe to get your daily round-up of top tech stories! The MT4 platform supports not only standard technical indicators, but also custom indicators, that users can easily share. At the same time, Intel also breaks auto trading forex free binary brokers review cloud in a bullish direction once. We did this because it is necessary to illustrate that the Ichimoku Cloud indicator is not perfect and there will be bumps in the road. Save my name, email, and website in this browser for the next time I comment. October 23, at alpari forex.com review day trade tips investopedia. Forex Trading Course: How to Learn II To fine tune my entries and exits.

At the same time, Intel also breaks the cloud in a bullish direction once again. The most complicated trading strategies once learnt from yourself turn very simple and easy. I can assure you that the Ichimoku Cloud is the furthest thing from chaos and is quite easy to understand after you become accustomed to the settings. Comments 10 Sulaiman. Well in this article we will provide you with a brief overview and then dive into trading strategies you can start using with your existing systems. First, you open your trade in the direction of the respective breakout and then hold the position until the security breaches the Kijun Sen blue line on a closing basis. The first step is to define the typical price as follows:. They include:. Furthermore, the cloud itself was flat to down during this same time period. Volume is an indicator which depicts the amount that an instrument was traded over a period of time. Accept cookies to view the content. Start trading today! In much more simple terms, this indicator is used by traders to get an idea of whether an instrument is overbought or oversold though, as you will see, it is capable of doing much more than that. I did learn a number of new things. The Conversion and Base lines also crossed into a bearish setup, further confirming the momentum shift.

Just to reiterate a point made earlier in the article, each line is a moving average. IndicatorsTechnical Analysis. The second, slower-moving boundary is the middle between the 52 period high and low. All you have to do is follow these simple steps:. This article will provide traders with an overview of the best indicators for MetaTrader 4 that they should consider in All-in-One Special! It is recommended by various professional traders to use a 14 day period for your calculations. It is important to outline forex binary trading demo account are futures contracts traded on an organized exchange a lot of traders monitor for opportunities that arise when the MFI moves in the opposite direction of the price. View Offer Now. The conservative exit 1 : A more conservative trader would exit his trades once the Conversion and Base lines cross into the opposite direction of the ongoing trend.

Click to learn more: The 14 best indicator strategies. The opposite is true for negative money flow values. Furthermore, the cloud itself was flat to down during this same time period. II To fine tune my entries and exits. Accept cookies to view the content. We will then dive into the stocks that are not great candidates for the cloud and lastly where you can find additional resources to go deep with more advanced topics and strategies. Ichimoku Cloud Apple Example. Overview of the Best MT4 Indicators. First, the Cloud acts as support and resistance and it also provides trend direction and momentum information. The price has been range bound and the cloud has been flat — presenting no opportunities to open a position. During strong trends, the Cloud also acts as support and resistance boundaries and you can see from the screenshot below how price kept rejecting the Cloud during the trend waves. On the other hand, he might exit some of his trades too late and could end up giving back a substantial amount of his profits because the Cloud-cross usually happens very late. The aggressive exit 2 : A trader who wants to ride trends for a longer time exits his trade only once price breaks the Cloud into the opposite direction. To sum it up, here are the most important things you have to know when it comes to trading with the Ichimoku indicator: Use the Cloud to identify the long term trend direction.

MetaTrader 4 is the best trading platform, not only for its basic features, but also because it supports masses of indicators that you might find useful. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. This divergence can frequently be a leading indicator of a change in the current trend. Start Trial Log In. We'll now present you with the best working indicators for the MT4 trading platform. Those custom indicators are written in MQL4 programming language - and most of them are free MT4 indicators. The most complicated trading strategies once learnt from yourself turn very simple and easy. Traders watch for a move over or under the zero line, as this indicates the position of the short-term average in relation to the long-term average.