Best MT4 Indicators and Templates with Source Codes

Choppiness Index V2 Indicator

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Euro Currency Index (EURX) Indicator

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Insync Index Indicator

The InSync Index, developed by Norm North in 1995, is a consensus oscillator that combines multiple technical indicators (such as Bollinger Bands, MACD, CCI, RSI, ROC, Stochastic, DPO, Ease of Movement, and MFI) to generate a single score reflecting market conditions. Each indicator is compared against predefined thresholds, adding or subtracting values of -5, 0, or +5 to the overall index, which helps identify extreme market levels, with readings above 80 indicating high extremes and below 20 indicating lows. The index is best suited for ranging markets and should be confirmed with other indicators or candlestick patterns before acting on extreme signals, as it is not recommended for trending markets. The "InSync" indicator requires no parameters and can be used in watchlists and screeners to detect market extremes effectively.

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Clarity Index Histogram Indicator

The Clarity Index Histogram is a volume-based indicator that gauges trend strength by analyzing volume, price range, and the count of positive versus negative candles, providing insights into the momentum and dominance of current market trends based on trading activity.

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Glitch MTF Index with Averages and Alerts

The Glitch MTF Index with Averages and Alerts is a powerful multi-timeframe indicator designed to detect price deviations from a dynamic Simple Moving Average (SMA), signaling potential mean-reversion opportunities. This tool is ideal for traders who want to spot short-term price extremes and capitalize on trend corrections.

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Squeeze Index MTF Indicator

The Squeeze Index (SI) is a technical indicator that quantifies the degree of price compression, expressed as a percentage. Higher values indicate stronger price compression, which often signals an upcoming breakout. This indicator helps traders identify periods of low volatility where prices are “squeezed” within a narrow range, anticipating a potential price breakout in either direction.

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Money Flow Index (MFI) Indicator with Alerts and Arrows

The Money Flow Index (MFI) is a momentum oscillator that integrates price and volume data to identify overbought or oversold conditions in an asset, typically ranging from 0 to 100, with readings above 80 signaling overbought conditions and below 20 indicating oversold levels. When combined with alerts and arrows, traders can receive real-time visual and auditory signals on their charts, highlighting potential reversal points or trend continuations based on MFI crossovers or divergence patterns. This enhanced visualization helps traders make more informed decisions by quickly spotting critical market conditions and acting accordingly.

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Relative Momentum Index (RMI) Indicator

The Relative Momentum Index (RMI) is a momentum oscillator that enhances the Relative Strength Index (RSI) by measuring price changes over a user-defined number of periods, rather than just one. This modification helps reduce noise and false signals, making the indicator more reliable in trending markets. RMI ranges from 0 to 100 and is used to identify overbought or oversold conditions, with common thresholds at 70 and 30.

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Money Flow Index Indicator

The Money Flow Index (MFI) is a momentum indicator that uses both price and volume to measure the buying and selling pressure of an asset. It ranges from 0 to 100 and is typically calculated over 14 periods. An MFI above 80 suggests the asset is overbought, while an MFI below 20 indicates it is oversold. Traders use the MFI to identify potential trend reversals and confirm price movements.

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Didi Index Indicator

The Didi Index is a trading indicator that combines moving averages to identify potential buy and sell signals in the market. Typically, it uses two moving averages, often a short-term (e.g., 5-day) and a long-term (e.g., 20-day) average. A buy signal occurs when the short-term moving average crosses above the long-term moving average, indicating potential upward momentum, while a sell signal is generated when the short-term moving average crosses below the long-term moving average, suggesting potential downward movement. Traders often look for confirmation from other indicators or market conditions to increase the reliability of these signals.

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Glitch Index Indicator

The Glitch Index is a technical indicator that measures the percentage deviation of the current price from a momentum-adjusted moving average. It highlights abnormal price movements or "glitches" that may signal potential trend reversals or correction points.

• Positive values indicate the price is above the adjusted average (potential overbought).
• Negative values indicate the price is below the adjusted average (potential oversold).

Useful for detecting price anomalies, confirming trend strength, and identifying reversal zones.

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Sibbet Demand Index Divergence

The Sibbet Demand Index Divergence dentifies potential trend reversals by comparing price action to the Sibbet Demand Index (SDI), which measures market demand. Divergence occurs when price moves in one direction (making new highs or lows) but the SDI shows opposite behavior (e.g., not confirming new highs or lows). This misalignment signals weakening momentum, often indicating a potential shift in market direction.

• Bullish Divergence: Price makes lower lows, but SDI holds steady or rises — suggesting a possible trend reversal to the upside.
• Bearish Divergence: Price makes higher highs, but SDI shows a decline — suggesting a potential reversal to the downside.

Traders use this divergence to spot opportunities for entry or exit based on potential market shifts.

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Ulcer Index Indicator

The Ulcer Index Indicator measures the depth and duration of price drawdowns to quantify downside risk and volatility. It helps confirm trends by showing whether downside pressure is increasing or decreasing, making it a valuable tool for assessing market risk and trend strength.

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Bane Strength Index Indicator

The Bane Strength Index Indicator is a technical analysis tool designed to measure the strength and momentum of price movements in financial markets, often used by traders to identify potential trend reversals or continuations. It typically combines various indicators such as volume, price action, and momentum oscillators to generate a composite score that helps traders assess the overall market strength of an asset. While specific implementations may vary, it aims to provide clearer signals for making informed trading decisions.

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Universal Cycle Index (UCI) Indicator

The Universal Cycle Index (UCI) is a technical indicator used to identify and measure market cycles. It helps traders recognize recurring patterns in price movements, such as uptrends, downtrends, and consolidation phases. The UCI oscillates between a set range and signals market phases based on cyclical behavior. Rising UCI values suggest an upward trend, while falling values indicate a downward trend. It is useful for timing entries and exits and spotting trend reversals based on the market's cyclical nature.

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Traders Dynamic Index (TDI) on Chart

The TDI combines RSI, Bollinger Bands, and a signal line to show market momentum, volatility, and trend strength on a single chart. It helps traders spot entry and exit points through RSI-signal line crossovers and price interactions with Bollinger Bands, making it useful for both trend-following and reversal strategies.

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Candle Volatility Index Indicator

The Candle Volatility Index (CVI) is a technical indicator that measures market volatility by analyzing the size and range of candlestick bodies and wicks. It combines the body and wick size of candles with the Average True Range (ATR) to assess price movement volatility. A higher CVI indicates greater market volatility, while a lower CVI suggests more stable or consolidating conditions. Traders can use the CVI to identify periods of high volatility, potentially signaling strong trends or reversals.

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Edge Index Indicator

The Edge Index Indicator is a currency trading tool that measures the relative strength of the 8 major currencies (AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD) using data from 28 currency pairs. It calculates strength using three customizable moving averages and a Rate of Change (ROC) signal, helping traders identify the strongest and weakest currencies for better trade decisions.

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Dual Ulcer Index Indicator

The Dual Ulcer Index Indicator measures market risk by combining two perspectives: the traditional Ulcer Index, which tracks downside drawdowns, and an inverted Ulcer Index, which measures upside rebounds. By comparing these, it highlights whether bearish pressure or bullish strength dominates, helping traders assess market stress and momentum simultaneously.

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Trend Intensity Index Indicator

The Trend Intensity Index (TII) is a technical indicator that measures the strength of a market trend. It oscillates between 0 and 100, with higher values (above 80) indicating a strong trend and lower values (below 20) suggesting a weak or potentially reversing trend. TII helps traders identify whether a trend is gaining momentum or losing steam, providing insights for trend confirmation and potential reversal points.

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Trend Direction with Force Index Smoothed Histogram

The Trend Direction with Force Index Smoothed Histogram combines the Force Index, which measures the strength of buying and selling pressure by multiplying price change and volume, with a smoothing technique and a histogram representation to visualize trend direction and momentum. The smoothed histogram helps filter out market noise, making it easier to identify the prevailing trend - positive values indicate bullish momentum, while negative values suggest bearish sentiment. Traders use this indicator to confirm trend direction, spot potential reversals, and gauge the force behind price movements, enhancing their decision-making process in various market conditions.

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Trend Direction Force Index Indicator

The Trend Direction Force Index (TDFI) is an indicator that measures the strength and direction of a trend to help traders time entries. When the TDFI rises above a set high threshold, it signals a potential long trade; when it falls below a low threshold, it suggests a short trade. It’s commonly used alongside other indicators for confirmation.

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Force Index Indicator

The Force Index Indicator, developed by Alexander Elder, is a technical analysis tool that measures the strength of price movements by combining price change and volume. It helps traders identify potential trend reversals, confirm existing trends, and gauge the overall market momentum. Typically plotted as a histogram, the Force Index oscillates above and below a zero line, with positive values indicating buying pressure and negative values indicating selling pressure. Traders often use it in conjunction with other indicators to improve their decision-making process, looking for divergences, crossovers, and extreme readings to signal optimal entry or exit points in the market.

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Choppiness Index Indicator

The Choppiness Index (CI) is a technical analysis tool used to identify whether a market is trending or consolidating, helping traders determine the market's current state. Calculated using a formula that considers the range of price movements over a specified period, a lower CI value indicates a trending market, while a higher value suggests choppiness or consolidation. Traders often use the CI in conjunction with other indicators to confirm trend strength and potential breakout or reversal points, making it a valuable tool for improving trading decisions in various markets.

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Traders Dynamic Index (TDI) with Alerts

The Traders Dynamic Index (TDI) with Alerts is a popular technical analysis tool that combines multiple indicators (such as the Relative Strength Index (RSI), Moving Averages, and Bollinger Bands) into a single chart to identify potential trading opportunities. It helps traders assess market conditions, trend strength, and potential reversals by providing visual cues like crossovers, divergences, and overbought/oversold signals. TDI Alerts automate the detection of these signals, notifying traders when specific conditions are met, thereby enabling more timely decision-making and enhancing trading efficiency.

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TDI MTF V3 with Alerts Indicator

The TDI MTF V3 with Alerts Indicator is a trading tool used in Forex that combines the Traders Dynamic Index with multi-timeframe analysis and alert features to assist traders in identifying potential entry points. Entry signals occur when the TDI line crosses above or below key levels, suggesting a potential trend change. Buyers may consider entering a trade when the TDI crosses above the 50 level, indicating bullish momentum, while sellers might look for a cross below the 50 level for bearish signals. Additionally, alerts can be configured to notify traders when these conditions are met, facilitating timely decision-making. Always remember to confirm signals with other forms of analysis for better accuracy.

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