HIROSE MT4 Original Indicators

TrendFinder uses a combination of popular indicators such as MA (Moving Average), ICHIMOKU, ADX, and RSI to analyze trends and ranges across multiple timeframes. When a trend is detected on the current timeframe, the direction is shown with a triangle mark for easy identification. Additionally, RCI, CCI, and Stochastic indicators are used to visually assess overbought and oversold conditions, with bar meters indicating these levels to help traders make more informed decisions.

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TrendFinder_Dash displays the strength of trends calculated by TrendFinder across various currency pairs. Typically, a trend is considered strong if the strength is above 60%, and anything below that is regarded as a range-bound market.

Additionally, this tool can be used to assess currency strength. For example, if the bar meter is skewed to the left, the baseCurrency is strong, and if it’s skewed to the right, the quoteCurrency is strong. By simply looking at the indicator, you can instantly identify which currency is stronger.

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NewsCalendar displays the countdown to upcoming economic data releases, helping you keep track of when important economic indicators will be announced. This tool makes it easier to stay informed about market reactions to scheduled economic events in real-time. Economic indicators shown in red are considered high-impact, and their release can cause significant market volatility. As a result, it’s important to be cautious around these events, as the market can experience sharp movements before and after the announcement. Traders should manage risks effectively and be prepared for unexpected price fluctuations. By accurately tracking the timing of these releases, you can make more strategic trading decisions.

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Grid_Date is an indicator that converts the server time grid displayed on MT4 into the user’s local time, making it easier to compare server time with local time for more accurate time-based trading decisions. Additionally, a new feature has been added where, when you hover your cursor over a candlestick on the chart, the local time will be displayed.

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Grid_Price is an indicator that draws price lines on the chart at specified pip intervals. Since the price grid on the chart typically fluctuates in width, using this indicator allows you to efficiently monitor the movement of prices within a specific, quantifiable range. This helps traders track fluctuations within a set price range, allowing for more strategic decision-making when determining entry and exit points. It is especially useful for identifying price movements within certain ranges or gauging the strength of trends.

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Heikin-Ashi is a technical analysis tool based on traditional candlesticks, designed to make it easier to visualize the strength and direction of trends. Unlike standard candlesticks, Heikin-Ashi candles use an averaged calculation of past data, which reduces noise and provides a clearer view of the underlying trend. This helps smooth out price fluctuations and gives traders valuable insight into whether a trend is continuing or reversing.

Bollinger Bands is a technical analysis tool used to measure market volatility and visually represent the range within which price movements are occurring. It consists of a moving average (the central line) and two bands placed above and below it (the upper and lower bands). These bands are calculated based on the standard deviation of price, so when price volatility is high, the bands expand, and when price movement is stable, the bands contract.

Pivot Points are a technical analysis tool primarily used by day traders, calculated based on the high, low, and closing prices of a specified period. These levels act as key support and resistance points in the market, helping traders identify entry and exit points.

Pivot points consist of a central “pivot price” (the calculated reference point) with multiple support and resistance levels above and below it. This allows traders to visually assess the likelihood of price reversals or breakouts when the price reaches these levels. Particularly, price reactions at pivot levels serve as signals of market momentum and are often used to forecast trend formation or reversals.

RCI (Rank Correlation Index) is an oscillator-type indicator used to analyze market direction and strength. RCI compares past price data with current price data to quantitatively evaluate market trends. The RCI value fluctuates between -100 and +100, with 0 as the center, moving upward or downward.

Generally, when the RCI is above +80, the market is considered overbought (excessively rising), while below -80 indicates an oversold condition (excessively falling). When the RCI approaches +100 or -100, it signifies a strong trend, with a high correlation to past data.

ROC (Rate of Change) is an oscillator-type indicator used to measure price changes over a specific period, helping to assess market momentum and trend strength. ROC compares the current price to the price from a past period and expresses the rate of change as a percentage. The value of this indicator is shown as positive or negative, where positive values indicate an uptrend and negative values indicate a downtrend.

Generally, when the ROC is above 0, it suggests strong upward momentum, while below 0 indicates strong downward momentum. Sharp changes in the ROC or extreme values (high or low) are often used as signals for trend reversals or overbought/oversold conditions.

RVI (Relative Vigor Index) is an oscillator-type indicator used to measure market momentum and strength by comparing the closing price to the opening price. The RVI focuses on visualizing the energy behind price movements, particularly the strength of upward or downward price movements.

The RVI typically has a baseline of 0, with positive values indicating upward momentum and negative values indicating downward momentum. Similar to moving averages, the RVI provides a smooth and visually understandable chart, helping traders identify trend reversals.