Bollinger Bands Bicolor
The Bollinger Bands Bicolor Indicator is a popular and free Forex indicator for the MT4 platform. This useful indicator is used to identify potential reversals and breakouts in the Forex market. It works by plotting two different Bollinger Bands, one in a red color and one in a blue color, on the same chart. The red band indicates a potential bearish reversal, while the blue band indicates a potential bullish reversal. By using the Bollinger Bands Bicolor Indicator, traders can easily identify potential entry and exit points in the Forex market.
Duct Indicator
The DUCT indicator is a popular and useful forex indicator for MT4 that is available for free. It works by analyzing market trends and providing buy or sell signals based on moving averages. Traders can use it to identify potential entry and exit points for their trades. Try using the DUCT indicator in your trading strategy for better market analysis.
Keltner Channel
The Keltner Channel Indicator is a popular and useful Forex indicator that can be used to identify potential price breakouts. It is free to use on the MT4 trading platform and is designed to help traders identify overbought and oversold market conditions. The Keltner Channel Indicator works by plotting two bands around a moving average. The Keltner Channel Indicator is a great tool for traders to use to identify potential price breakouts and make informed trading decisions.
Starc Bands
The STARC Bands forex indicator is a popular and useful trading tool that is available for free on the MT4 trading platform. The indicator is based on the Average True Range (ATR) and uses two bands, one at the upper end and one at the lower end of the price range. The bands are calculated using the ATR and the standard deviation of the ATR. The STARC Bands indicator works by displaying the upper and lower bands when the price reaches those levels. By using the STARC Bands indicator, traders can gain insight into the current market conditions and make informed decisions about their trades.
Envelope indicators, also known as Channel Indicators, create an envelope around price movements, indicating the upper and lower boundaries within which prices are expected to move. They help traders identify potential trend reversals and support/resistance levels.
