Strong momentum cannot be maintained! Traders will always exit their position at a certain level, which causes price to pullback or retrace. Measuring strong momentum can help the trader to anticipate the eventual exhaustion. An award winning "heads-up display" indicator from The Intentional Trader!
VScalp is a momentum strategy that uses basic indicators. It is designed to increase awareness of market tendencies. This powerful tool is intended to assist traders in scalping 2 or 3 ticks off momentum moves in their favorite market. VScalp was built with both new and experienced traders in mind.
EPyFVPOC is an indicator which displays in real-time the most traded price of the current day, as well as for any previous days loaded in your chart. It also indicates the Point of Control for the previous session, an important level for intraday traders.
The Verbal Journal (VJ) is a cutting edge trading tool allowing traders to document their ideas, trades, and performance without writing in a notebook. Click, record, and talk. The VJ takes over from there plotting where you made your verbal notes on the chart, for playback later!
VWAP Plus features 7 configurable Session Types (Daily, Weekly, Monthly, Contract, etc.) and 3 user defined upper and lower standard deviations. It displays 17 Unique Current & Previous Levels, includes a toolbar icon for easy setup, and is Market Analyzer, Strategy Builder & Bloodhound ready!
The MACD is one of the most-used indicators on the planet. This is Dynamic Trading Software’s version with built-in color coding and overlayed moving averages. Dynamic’s team says they won’t trade without this powerful classic indicator!
This indicator allows the user to change the color, stroke style and stroke size of drawn objects on the fly without having to dig through various menus. This increases application functionality and user charting efficiency.
TradeSafe is a Boolean-logic, rules-based mechanical day trading system that automatically determines strength of trend and optimum exit strategy and plays audible spoken alerts. Nearly 100% automated, it uses benchmarking for consistency. Watch replay: https://daytradesafe.com/replay/
The purpose of this indicator is to automatically plot critical support and resistance levels on a chart. The Critical Support & Resistance Level Indicator comes with customizable alerts and can be added as a Market Analyzer column.
These are some free indicators that can help you gain an easier and more informed understanding of your trades. Risk calculator, easy entry, volume bar and trend indicators all may help you to avoid mistakes.
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