Freebies 1


For all the traders we developed a set of free web tools and indicators that you can use for your trading. Most of them are very powerful tools that will greatly help your trading strategies performances. Take a look at them and share with your friends.

Forex Dashboard Web App

The Forex Dashboard web app shows you the strenght/weakness of each of the major currencies (plus Gold and Oil), over 6 different timeframes: monthly, weekly, daily, 4 hours, hourly and 15 minutes.

The score can go from -100 (very week) to +100 (very strong). Values above +80 and below -80 are highlighted.

Data are automatically updated every 5 minutes, so no need to reaload the page.

You can enable/disable each single instrument.

Forex Treemap Web App

The Forex Treemap web app shows you the strenght/weakness of each of the major currencies by using data from 6 different timeframes: monthly, weekly, daily, 4 hours, hourly and 15 minutes.

A treemap displays data as a set of rectangles. The size (and the intensity of the color) of the rectangle shows you how strong or weak the currency is. The color show you the direction of the trend: green means a strong pair, red a weak one.

Each score can go from -100 (very week) to +100 (very strong). The main screen shows the average score of the 6 timeframes.

By left clicking a currency you can see how the average score is made with a treemap of the single timeframes. By right clicking, it comes back to the global view. By clicking the Show Time Frames Dept button, you can view the global view with also the single timeframes for each currency, all at the same time.

Data are automatically updated every 5 minutes, so no need to reaload the page.

 

Fuzzy Indicators

This group of free indicators is made to help manual traders have better (read “safer”) entries and exits signals.
The basic idea is to put together a group of indicators (all the same) but with different periods.

What we look for is for consensus between all the periods. Usually in overbought/oversold areas.

Using them is very easy as they work almost the same as the “original” ones.

The only thing that really changes is that here we’ll have 8 curves, each with a different period.

You have to set the initial period and the step for the following 7 lines.

HullMA Based Indicators

The Hull Moving Average (HMA), developed by Alan Hull, is an extremely fast and smooth moving average. In fact, the HMA almost eliminates lag altogether and manages to improve smoothing at the same time. The Hull Moving Average solves the dilemma of making a moving average more responsive to current price activity whilst maintaining curve smoothness.

I prefer it over most of the other MAs method and after a chat with a friend programmer/trader (CJA) I decided to apply “common” indicators to the hull moving average to have smoothed curves and much clear signals (hoping in less false signals).

 

Ordini

Ordini is a free indicator that will automatically plot on chart all the closed orders listed in “Account History”.
This can be very useful if you want to do some analysis for example of how a strategy works or simply to have on chart the entries/exits of your traders.

If you drag the indicator to a chart, it’ll plot all the trades made on that pair.

Price Speed and Acceleration

This is a simple indicator that works very well to spot divergence and so changes in the trend.
The speed (histogram) is what is commonly called the “momentum”. The acceleration (yellow line) is the speed of the speed and is, in my opinion the perfect indicator, to spot divergences. Divergences are usually used to spot the possibility of a trend change.

When you drive your car, and want to make a turn, you need to reduce your speed. You do that by pushing the brakes. So while the speed is slowing down, the acceleration has already became negative. So the acceleration usually gives you information of a trend change much before the speed does. Sometimes too much, so be careful using it and never use it alone.

 


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One thought on “Freebies

  • JOHN TURNER

    Yes Renko really is the right format to trade, with the HMA and bar indicators for confirmation, this is a splendid system for the cyclic nature of this market and, just see what it does on US or London open.