Showing posts with label Metatrader 4 Indicators. Show all posts
Showing posts with label Metatrader 4 Indicators. Show all posts

Thursday, October 11, 2007

SHI channel indicator

As quoted from forex.eazel
The SHI Channel indicator and as the all of the channel
indicator uses the highest high and lowest low of the price to determine the
upper and lower bands of the channel.
In the SHI Channel The channel is
calculated according to the given period of calculation and the time frame of
the used chart, and the channel is self-adjusted (Like the Bollinger
Bands).
As you see in figure 1 there are two thick lines that indicates the
upper and lower channel and a dashed center line.

Wednesday, January 31, 2007

Useful Metatrader indicators-Pivot All Levels

From Investopedia.com

Pivot points are yet another useful tool that can be added to any trader's toolbox. It enables anyone to quickly calculate levels that are likely to cause price movement. The success of a pivot-point system, however, lies squarely on the shoulders of the trader, on his or her ability to effectively use the pivot-point systems in conjunction with other forms of technical analysis. These other technical indicators can be anything from MACD crossovers to candlestick patterns - the greater the number of positive indications, the greater the chances for success.

You can download it here