TimeFX Indicators User Guide

Overview
The principle idea is to trade in the direction of the trend with a higher probability trades will be closed in
profit. These indicators enable you to create your own trading system using a combination of a selected
Trend Bias and Weighted Trade Signals that are generated in the direction of the selected trend. This
helps you make a more objective and informed decision on placing a trade as the signals will show
when it's more likely price will continue to move in the direction of the trend or if price action has
reached a point where the trend may change direction.

Trend Bias
A Trend Bias is selected to control when Weighted Trade and Reversal Signals are shown on the chart.

Weighted Trade Signals

One or more signals are selected to create your trading system and rules, each selected signal has a
weighted trade score. As price moves in the direction of the trend the selected Weighted Trade and
Reversal Signals are generated, when the combined weighted signals score reaches or crosses the
defined Low/Med/High threshold a Weighted Trade or Weighted Reversal signal is shown on the chart.

• Weighted Trade Signals are shown in the direction of the trend indicating price is likely to
continue moving in the direction of the trend.

• Weighted Reversal Signals are only shown on the chart in the opposing direction of the trend and
act as a warning that the trend may change direction or a reversal of price action is possible.

• The weighted accumulated score is reset to Zero when the trend changes direction or if a
weighted reversal signal is shown on the chart.

Look Back Signals (Generated When Trend Changes Direction)

When the trend changes direction previous candles are checked for reversal signals, if there are
reversal signals a trade signal called a "Look Back" is generated on the chart indicating a higher
probability the new trend direction will keep going.

Chart Indicators
Additional chart indicators can be selected to help with trade decision making including daily ADR
levels, daily open line, previous day's high and low, weekly pivot lines, SIXQTHS trading zones and
more.
Histogram
A histogram chart shows the selected Trend Bias, with parameter options to show trade signals from the
current time frame. In multi-chart set-up trade signals from higher timeframes can be shown.

Single Chart and Multi-Chart Use

The indicators can be used standalone on a single chart or used on a multi-chart set-up
(D1/H1/M15/M5) working together sharing information through Global Variables. For example you can
configure look back signals to only be generated in the direction of a higher timeframes trend.

Important Notes
These indicators are designed for manual trading, enabling you to define a set of rules to
generate signals to assist with your analysis when taking trades:
• There is no guarantee these indicators are bug free - Trade at your own risk.

• Before Trading LIVE, test, test and retest your settings in Demo.

• This is not a Forex Trading System in its self. It's a collection of indicators and settings
enabling you to create your own Trading System using a combination of Weighted
Trading Signals in the direction of a selected "Trend Bias".

You create your own trading system with these indicators, there is:
• No history of trading success

• No guidance on take profit or stop loss

• No guidance on when to place an order

• No guidance on when to close an order

• No back testing has been done or will be done

Links to Posts in this thread.

These links may provide additional information on how to set-up and use these indicators.

Example Charts
Sample charts for different time frames.

D1
H1
M15

M5
Multi-chart Set-up

Dashboards
I have created several dashboards used in trading decision making.
Currency Strength Dashboard
This dashboard shows the strength of each currency and it's pairs to monitor for Strong 'vs' Weak
trading opportunities, using these indicators:
• Currency Slope Strength

• csDash

• RSI

• Daily % Change

This dashboard has been set-up on a 27" Monitor with a 2K resolution (2560 x 1440).

Link: https://www.forexfactory.com/thread/1055172-currency-strength-dashboard

Daily Currency % Change Dashboard

This dashboards uses a Top Down Analysis approach enabling me to cycle through all currency pairs
viewing a multi-chart set-up, using these additional indictors:
• TimeFX_CS_Daily_Percentage_Change

• csDash

• Symbol changer profit display v3

TimeFX Indicators
A brief description of each indicator, detailed descriptions can be found in the TimeFX User Guide (PDF)
in the downloads section.

Indicator Name Description

TimeFX_Trend_Bias_and_Weighted_Trade_Si The Trend Bias and Weighted Trade Signals
gnals indicator is used to:
• Select a Trend Bias Direction

• Select Weighted Trade Signals

• Select Look Back Signals

• Generate Trade and Reversal Signals on

the Chart

TimeFX_Trend_Bias_and_Weighted_Trade_Hi The Trend Bias and Weighted Trade Histo

sto indicator shows the selected Trend Bias as a
Histogram. Trade Signals from the current time
frame and higher timeframes can be shown in
multi-chart set-up.

TimeFX_Chart_Settings The Chart Settings indicator provides additional

settings and options to manage your Trading
Chart(s) and/or Trading Dashboards (Profiles).
 TimeFX_Trend_Bias_Button The Trend Bias Button indicator enables you to
display your Trend Bias on the chart as a visual
aid or to override trade signals generated on the
chart or all charts.

TimeFX_Trade_Volume_Small The Trading Volume Small indicator provides

information on the market volume. It displays a
percentage graph for bullish and bearish
volumes, with green indicating bullish volume and
red indicating bearish volume.

This indicator sends Trade Signals using a Buy

and Sell threshold percentage.

TimeFX_Currency_Strength The Currency Strength indicator calculates the

currency pair strength and shows it as a
percentage.
This indicator sends Trade Signals using a Buy
and Sell threshold percentage.

TimeFX_CS_Daily_Percentage_Change The CS Daily Percentage Change indicator

shows the % price change from the open price
for the timeframe selected.

TimeFX_Strength (under development) The Strength indicator displays the Trend Bias
strength of Da, H1, M15, M5. This indicator only
works in a multi-chart set-up.

How to Get Started

The following is brief step by step guide on how to set-up and use each of the indicators:
1. Select a Trend Bias

2. Select a combination Weighted Trade and Reversal Signals for your trading system

3. Set Weighted Trade and Reversal Thresholds are set for Low/Med/High signals

4. Select Look Back Signals

5. Select Histogram signal options

6. Select Chart Indicator Options

These steps assume you know the basics of MT4:
• Install indicators

• Creating charts and Profiles

• Adding indicators to charts

There is plenty of help here and on the Internet on using MT4.

Step 1 - Select a Trend Bias

Select your Trend Bias direction controlling the direction of Weighted Trade and Reversal Signals. The
Trend Bias direction can be drawn on the chart and is shown on the bottom of the chart as a Histogram.

1. High to Low

2. Fast Slow Moving Average Cross Over

3. Moving Average

4. Moving Average Channel

5. SolarWindsJoy

6. NonLagMa

7. HalfTrend

8. SuperTrend

9. Slope

10. HGI Trend Wavy

11. HGI Range Wavy

12. HGI Arrow Trend

Step 2 - Choose a combination of Weighted Trade and Reversal Signals

Select one or more predefined indicators for generating a Weighted Trade or Weighted Reversal
Signals, giving each signal a weighting score.

As price moves in the direction of the trend the selected Weighted Trade and Reversal Signals are
generated, when the combined weighted signals score reaches or crosses the defined Low/Med/High
threshold a Weighted Trade or Weighted Reversal signal is shown on the chart.

Weighted Trade Signals are only shown on the chart in the direction of the Trend Bias.

Weighted Reversal Signals are only shown on the chart in the opposing direction of the Trend Bias and
act as a warning that the trend may change or a reversal of price action is possible.
The weighted accumulated score is reset to Zero when the Trend Bias direction changes or if a high
weighted reversal signal is shown on the chart.

Predefined Trade and Reversal Indicators

Signals Trade Reversal

Signal Signal
High low Signals Yes No
Solar Winds Joy Signals Yes Yes
NonLagMan Signals Yes Yes
HalfTrend Signals Yes Yes
SuperTrend Signals Yes Yes
Donchian ZigZag Yes No
TMA+CG Signals (TimeFX_TMACG.ex4) Yes Yes
RSI Yes Yes
Williams % and Range Yes Yes
Parabolic PSAR Yes Yes
Fast Slow Moving Average Cross Over Yes Yes
Moving Average Cross Over Yes Yes
HGI Trend Arrow Yes Yes
HGI Trend Wavy Yes Yes
HGI Range Wavy Yes Yes
Slope Yes Yes
Flying Buddha Yes Yes
Stoch Yes Yes
MACD Yes Yes
TDI Yes Yes
Weekly Pivot Signals Yes Yes
Currency % Change Yes Yes
Currency Strength Signal Yes Yes
(TimeFX_Currency_Strength.ex4)
Four Bar Trend Signal Yes Yes
NR4 Signal Yes No
NR7 Signal Yes No
NR4 and NR7 Signals on the same candle Yes No
 Trade Volume Signals Yes Yes
(TimeFX_Trade_Volume_Small.ex4)
H1 Momentum Signal Yes No
Rocky Road Signal Yes No
PIN1 Yes Yes
PIN2 Yes Yes
PIN3 Yes Yes

Step 3 - Define Thresholds to Generate Weighted Trade and Reversal Signals

Define your Trade and Reversal Threshold weightings.

Example of Selecting Weighted Trade and Reversal Signals

Select the Indicators to include, updating the settings and Weighted Trade and Reversal scores, for
example if you want a signal when PSAR is above or below price action and Williams % Range is
above or below -50 and RSI is OB or OS, you would select these signals and give each a weighted
score:

1. PSAR - Weighted Trade Score=3 and Weighted Reversal Score= 2

2. Williams - Weighted Trade Score=4 and Weighted Reversal Score=2

3. RSI - Weighted Trade Score =4 and Weighted Reversal Score=3

Note:
1. Weighted Trade Score is accumulated when the signal is generated in the direction of the Trend
Bias. Example: Trend Bias is Up and RSI is Up
2. Weighted Reversal Score is accumulated when the signal is in the opposite direction of the Trend
Bias. Example: Trend Bias is Down and RSI is UP

You then define your Weighted Low/Med/High thresholds, this is the accumulated score of indicator
signals required to generate a Weighted Trade or Reversal signal. In the above example we may set
our thresholds as follows:
1. Low - 3

2. Med - 7

3. High - 10

If PSAR generates a signal with a Weighting of 3, the indicator will draw a Low Weighted Trade Signal.
If on the same Bar or subsequent Bars until the accumulated trade score is reset Williams generates a
signal the accumulated Weighted Trade signal will be 7 (PSAR + Williams), this will then generate a
Weighted Medium trade Signal.

In the above example if PSAR, Williams and RSI all generate a signal on the same Bar the indicator will
draw a Weighted High signal.

If the indicators generates Reversal signals these are drawn on the chart and accumulated as a
Reversal score, you will see that reversal signals will go from Low to high with increasing size on the
chart and can be used to not trade, close trades and potential change of Trend Bias.

The accumulated Weighted Trade scores carry forward on all future bars until reset to zero, which
occurs as follows:
1. A Reversal signal is generated

2. A change of Trend Bias

Step 4 - Select Look Back Signals

When the Trend Bias direction changes, prior to that change of Trend Bias direction reversal signals
may be generated a number of candles before. These reversal signals may provide a higher probability
the change of Trend Bias direction is stronger and price action may continue in the direction of the new
Trend Bias direction. You can select which indicators are used to generate a Look Back Signal.

Look Back Signals List

1. Candle Direction

2. RSI

3. HGI Range Wavy

4. HGI Trend Wavy

5. Slope

6. Stoch

7. TMA + CG

8. Flying Buddha

Step 5 - Select Histogram Signal Options

Select how you want the Histogram to be displayed and optionally if you want to have trade signals or
look back signals shown in the histogram.

Step 6 - Select Additional Chart Indicators

Select additional chart settings to assist with your trading decisions:
• Daily ADR levels

• Daily Open Line

 • Previous days high and low

• Weekly Pivot Levels

• SIXQTHS Trading Zones

Other Indicators

Indicator Name Description

Solar Winds Joy.ex4 Required if SolarWindsJoy selected for Trend Bias or Trade
Signals
nonlagdot.ex4 Required if NonLagDot selected for Trend Bias or Trade Signals
# 2 Access Panel (Black( Required if you wan to change Ask and Bid Line Color and
Style
# 5 Candles Suite (Black).ex4 Required if you want to display volume candles.
ModChartWindow.ex4 Hide window captions and borders
rsi dash v1.1 https://www.forexfactory.com/thread/1046006-rsi-dash
Symbol changer profit display https://www.forexfactory.com/thread/703669-symbol-changer-
v3.ex4 profit-display
TEXT_Writer.ex4 Add text to a chart
csDASH.ex4 https://www.forexfactory.com/thread/537107-csdash-currency-
strength-meter
MADdash.ex4 https://www.forexfactory.com/thread/545718-maddash-moving-
average-distance
TDI-RT-Clone.ex4 Traders Dynamic Index
hgi_lib.ex4 Required if HGI is selected for Trend Bias or Trade Signals.

This indicator is downloaded from Stevehopwoodforex and

saved in your MQL4\Libraries folder.

Revision History

Date Version Revision

31-May-23 3.0 • Look Back functionality improved

• Multi-Chart functionality

• Trade signals displayed on Histogram

• New weighted signals:

• Donchain ZigZag

• 4 Bar Trend

• NR and NR7
 • H1 Momentum

• Show selected Trend Bias direction on the chart

• Performance improvements

Bugs and Requesting Help

If you discover an issue please check the experts log, send any message there with a screen shot and
as much detail as possible.

Please do not ask me to program indicators, my time is spent on these indicators and trading.

Downloads
Only the latest version is available for download at Forex Factory:
https://www.forexfactory.com/thread/1031552-trend-bias-and-weighted-trade-signals-trading-tools

These indicators are offered free with no embedded restrictions such as an expiry date.

Please note: I do not provide any advise on opening or closing positions or how and
when to trade using these or any other indicator signals.

Foot Note
I enjoy programming and creating dashboards, I hope you find these indicators useful. I do not
offer any advise on opening and closing positions or how to use indicators I have not written
myself, there is plenty of information on each indicator from traders who are have years more
experience than me.
 TimeFX Trend Bias and Weighted Trade Signals

Overview
The Trend Bias and Weighted Trade Signals indicator is used to:
1. Select a Trend Bias Direction

2. Generate and Show Weighted Trade Signals on the Chart

3. Generate and Show Look Back Signals on the Chart

One or more indicators can be selected enabling you to use a combination of trend, momentum and
strength indicators.

Weighted trade signals can be used to identify trends, momentum, and other market conditions that can
be used to guide trading decisions. Traders can use these signals to determine whether to buy, sell.

Parameter Settings
Overview of each parameter settings.
Signal Settings Options
All signals use the same settings enabling you to specify the signal size, style, color and position on the
chart for buy and sell signals.

The indicator will draw signals on the chart positioning them one signal after the other, there maybe
times when signals overlap.

Automatic positioning of signals on the chart can be overridden with the Signal Position on Chart
setting.

Signal Settings

Setting
Signal Size
Signal Buy Style
Signal Buy Color
Signal Sell Style
Signal Sell Color
Signal Position on Chart

Indicator Settings
Control the number of Bars to Look Back for calculations and how often to recalculate.
Trend Bias Direction
Select your Trend Bias direction controlling the direction of Weighted Trade and Reversal Signals. The
Trend Bias direction can be drawn on the chart and is shown on the bottom of the chart as a Histogram.

Trend Bias Description

High to Low The high low channel trend bias identifies the current trend
and potential support and resistance levels. It is based on
the high and low prices of a given period.
MA Cross Over A moving average is a line that represents the average
price of an asset over a specific period of time. The MA
crossover indicator uses two moving averages: a shorter-
term moving average and a longer-term moving average
to determine the potential trend
SolarWindsJoy The Solar Wind indicator is based on the concept of
market momentum. When price crosses above zero and
turns positive, it suggests a potential bullish trend or
upward momentum. Conversely, when the indicator line
crosses below zero and turns negative, it suggests a
potential bearish trend or downward momentum.
NonLagDot (MA) The NonLagDot (MA) indicator is based on a modified
moving average calculation. The dots change color
depending on the direction of the trend. When the dots are
below the price it suggests a potential bullish trend or
upward movement. Conversely, when the dots are above
the price it suggests a potential bearish trend or downward
movement.
HalfTrend The HalfTrend indicator uses a combination of moving
averages and a filter to determine the trend strength. It
uses a line that changes color to show the direction of the
trend. When the line is blue, it means there is an uptrend,
and when it is red, it means there is a downtrend.
SuperTrend The Supertrend is used to identify trends and potential
entry and exit points in the market. It is based on the
concept of a moving average combined with volatility.
The Supertrend indicator consists of two lines: an upper
line and a lower line. The upper line represents the
resistance or potential reversal level, while the lower line
represents the support or potential buying level. The
position of these lines is determined by the average true
range (ATR), which measures the volatility of the price.
When the price is above the upper line, it suggests a
bullish trend, and traders may consider entering long
positions or holding onto existing long positions.
Conversely, when the price is below the lower line, it
suggests a bearish trend, and traders may consider
entering short positions or holding onto existing short
positions.
MA Trend Moving averages help determine the direction of the trend.
When the price is consistently above the moving average,
it suggests an uptrend, while the price below the moving
average indicates a downtrend.
Slope The Slope indicator is used in to measure the slope or
steepness of a trend line or moving average. It helps
identify the strength and direction of a trend. The Slope
appears as a line on the chart, indicating the angle of the
trend. A positive slope indicates an upward or bullish
trend, while a negative slope indicates a downward or
bearish trend. The steeper the slope, the stronger the
trend is considered to be.
HGI Trend Wavy Detailed information can be found by search the steve
hopwood forex website on how the HGI indicator works.
HGI Range Wavy Detailed information can be found by search the steve
hopwood forex website on how the HGI indicator works.
HGI Arrow Trend Detailed information can be found by search the steve
hopwood forex website on how the HGI indicator works.
 MAChannel Moving average channel helps determine the direction of
the trend, consisting of two lines: an upper channel line
and a lower channel line. These lines are derived from the
moving average of the price over a specific period. The
upper channel line is usually set at a certain number of
standard deviations above the moving average, while the
lower channel line is set at a certain number of standard
deviations below the moving average. When the price is
trading within the channel, it suggests a relatively stable or
ranging market. Buying near the lower channel line and
selling near the upper channel line, expecting the price to
revert back towards the moving average.
HightoLowandMACrossOver
HightoLowandSolarWindsJoy
HightoLowandNonLagMA
HightoLowandHalfTrend
HightoLowandHalfTrend
HightoLowandMATrend
HightoLowandSlope
HightoLowandHGITrend
HightoLowandHGIRange
HightoLowandHGIArrow

TimeFX Messages
Show the current Trend Bias Direction, D1 and H1 Strength, Look Back Signal Controls.

TimeFX Panel (Multi-Chart Only)

Show a Trading Panel with Trend Bias Direction from D1 and H1 charts.
Show the Charts Currency Pair Enlarged.
 Note: The default location is Top Right Corner and cannot be changed.

Note: Multi-Chart Setup is required. D1 and H1 charts open.

Trading Signal Controls

Weighted Signals are generated on the chart following the Trend Bias selected. This setting allows you
to override the Trend Bias to a higher timeframes Trend Bias for Look Back Signals Only.

Setting Description
Trend Bias Current Chart Default to use the current charts Trend Bias
D1 Trend Strength Strong Trend Bias and Candle Direction Aligned
D1 Trend Strength Weak Trend Bias and Candle Opposite Directions
D1 Candle Direction of D1 Candle
H1 Trend Strength Strong Trend Bias and Candle Direction Aligned
D1 Trend Strength Weak Trend Bias and Candle Opposite Directions
H1 Candle Direction of H1 Candle
D1H1 Trend Strength Strong D1 and H1 Aligned
D1H1 Trend Strength Weak D1 and H1 Opposite Directions
Trend Bias Button Override Trend Bias Override all Charts or Chart Time Frame

Show Trend Direction and Trend Strength

Shows the Currency % Change as a Signal on the chart (SvW). Shows D1 and H1 Trend Bias Strength
or Trade Volume Direction.

Note: Note: Multi-Chart Setup is required. D1 and H1 charts open.

High / Low Channel Trend Bias Settings

The High to Low Trend Bias identifies the current trend and potential support and resistance levels. It is
based on the high and low prices of a given period.

The indicator plots two lines on the chart, one representing the upper channel line and the other
representing the lower channel line. The upper channel line connects the recent highs, while the lower
channel line connects the recent lows. Together, these lines create a channel that encompasses the
price movement.

The low or weak channel represents the current time frame, the high or strong channel represents the
next high tome frame.

MA Cross Over Trend Settings

A moving average is a line that represents the average price of an asset over a specific period of time.
The MA crossover indicator uses two moving averages: a shorter-term moving average and a longer-
term moving average to determine the potential trend.

When the shorter-term moving average crosses above the longer-term moving average, it is considered
a bullish signal, indicating a potential upward trend. Traders may interpret this as a signal to buy or hold
onto existing long positions.

Conversely, when the shorter-term moving average crosses below the longer-term moving average, it is
considered a bearish signal, indicating a potential downward trend. Traders may interpret this as a
signal to sell or consider short positions.

When the shorter-term moving average crosses above the longer-term moving average, it is considered
a bullish signal, indicating a potential upward trend.

Conversely, when the shorter-term moving average crosses below the longer-term moving average, it is
considered a bearish signal, indicating a potential downward trend.
Solar Winds Joy Trend Bias Settings (Solar Winds joy.ex4)
The Solar Wind indicator is based on the concept of market momentum. When price crosses above
zero and turns positive, it suggests a potential bullish trend or upward momentum. Conversely, when
the indicator line crosses below zero and turns negative, it suggests a potential bearish trend or
downward momentum.

NonLagDot (MA) Trend Bias Settings (nonlagdot.ex4)

The NonLagDot (MA) indicator is based on a modified moving average calculation. The dots change
color depending on the direction of the trend. When the dots are below the price it suggests a potential
bullish trend or upward movement. Conversely, when the dots are above the price it suggests a
potential bearish trend or downward movement.

HalfTrend Trend Bias Setting

The HalfTrend indicator uses a combination of moving averages and a filter to determine the trend
strength. It uses a line that changes color to show the direction of the trend. When the line is blue, it
means there is an uptrend, and when it is red, it means there is a downtrend.

SuperTrend Bias Settings

The Supertrend is used to identify trends and potential entry and exit points in the market. It is based on
the concept of a moving average combined with volatility.
The Supertrend indicator consists of two lines: an upper line and a lower line. The upper line represents
the resistance or potential reversal level, while the lower line represents the support or potential buying
level. The position of these lines is determined by the average true range (ATR), which measures the
volatility of the price.

When the price is above the upper line, it suggests a bullish trend, and traders may consider entering
long positions or holding onto existing long positions. Conversely, when the price is below the lower line,
it suggests a bearish trend, and traders may consider entering short positions or holding onto existing
short positions.

MA Trend Bias Settings

Moving averages help determine the direction of the trend. When the price is consistently above the
moving average, it suggests an uptrend, while the price below the moving average indicates a
downtrend.

Slope Trend Bias Settings (MTF)

The Slope indicator is used in to measure the slope or steepness of a trend line or moving average. It
helps identify the strength and direction of a trend. The Slope appears as a line on the chart, indicating
the angle of the trend. A positive slope indicates an upward or bullish trend, while a negative slope
indicates a downward or bearish trend. The steeper the slope, the stronger the trend is considered to
be.

Slope Trend Bias is MTF, you can select a higher timeframe from the current to calculate the Trend
Bias.

HGI Trend Bias Settings (MTF)

HGI Trend Bias is MTF, you can select a higher timeframe from the current to calculate the Trend Bias.
Weighted Trade Signals Selection
Select one or more Weighted Trade Signals to create your trading system and rules. For each
Weighted Trade Signal selected it's parameters are defined, including the weighted trade score when
the signal is generated.

Weighted Trade Signals are shown in the direction of the trend indicating price is likely to continue
moving in the direction of the trend.

Weighted Reversal Signal Selection

Select one or more Weighted Reversal Signals to create your trading system and rules. For each
Weighted Reversal Signal selected it's parameters are defined, including the weighted reversal score
when the signal is generated.

Weighted Reversal Signals are only shown on the chart in the opposing direction of the trend and act as
a warning that the trend may change direction or a reversal of price action is possible.
Weighted Trade Signal Settings
Define LOW/MED/HIGH weighted trade signal scores and signal settings when a combination of
weighted trade signals are generated.

Weighted Reversal Signal Settings

Define LOW/MED/HIGH weighted reversal signal scores and signal settings when a combination of
weighted reversal signals are generated.

The resetting of Weighted Trade Scores can be controlled here, the default is to reset Weighted Trade
Scores if a reversal signal is generated.
At Change of Trend Bias Look Back for a Signal
When the trend changes direction previous candles are checked for reversal signals, if there are
reversal signals a trade signal called a "Look Back" is generated on the chart indicating a higher
probability the new trend direction will keep going.

Change of Trend Look Back from HTF

When a change of Trend Occurs the Look Back signals generated on higher timeframes can be shown
on the current time frames chart.
 Note: Multi-Chart Setup is required.

High / Low Channel Trend Signal Settings

High /Low Trend can be used to generate weighted Trade and Reversal signals as price action reaches
the weak and strong channels.

MA Cross Over Signal Settings

MA Cross Cover can be used to generate weighted Trade and Reversal signals.

NonLagDot (MA) Signal Settings (nonlagdot.ex4)

NonLagDot (MA) can be used to generate weighted Trade and Reversal signals.

Solar Winds Joy Signal Settings (Solar Winds Joy.ex4)

Solar Winds Joy can be used to generate weighted Trade and Reversal signals.
HalfTrend Signal Settings
HalfTrend can be used to generate weighted Trade and Reversal signals.

SuperTrend Signal Settings

SuperTrend can be used to generate weighted Trade and Reversal signals.

TMA+CG Signal Settings - (TimeFX_TMACG.ex4)

The TMA Center of Gravity is a custom indicator that combines the Triangular Moving Average (TMA)
and the Center of Gravity (COG) into one tool. It is designed to help traders identify potential reversal
points in the market. The indicator appears as a line on the chart and changes color based on the
direction of the trend. When the line is above the price, it indicates a downtrend, and when it is below
the price, it indicates an uptrend.

RSI Signal Settings

The Forex Relative Strength Index (RSI) indicator is used to measure the strength and momentum of
price movements.
It calculates the ratio of upward price movements to downward price movements over a specified period
of time, typically 14 days. The result is plotted on a scale of 0 to 100, with readings above 70 indicating
that a currency is overbought, and readings below 30 indicating that it is oversold.

RSI is used to identify potential entry and exit points for trades, based on whether a currency is
overbought or oversold. For example, if the RSI reading is above 70, you may ay consider selling the
currency, as it is likely to experience a downward price correction in the near future. Conversely, if the
RSI reading is below 30, you may consider buying the currency, as it is likely to experience an upward
price correction in the near future.

Donchian ZigZag Signal Settings

The Donchian Channel is used to identify the highest high and lowest low prices over a certain period of
time. When price reaches these points a ZigZag indicator is generated to help identify potential trend
reversals.

Donchian Channel
The Donchian Channel is used to identify the highest high and lowest low prices over a certain period of
time.

The channel is created by drawing lines above and below the price range, with the upper line indicating
the highest high and the lower line indicating the lowest low. These lines create a channel that
encapsulates the price range over a specific period of time.

The Donchian Channel is used to identify potential buy and sell signals based on the price movements
within the channel. For example, if the price breaks above the upper line of the channel, you may
consider buying the currency, as it is likely to experience an upward trend. Conversely, if the price
breaks below the lower line of the channel, you may consider selling the currency, as it is likely to
experience a downward trend.

Williams % and Range Signal Settings

The Williams %R is a technical indicator used in forex trading that measures the momentum of price
movements in the market. It's based on the idea that prices tend to close near the high of the trading
range during upward trends and near the low of the trading range during downward trends.

The indicator fluctuates between 0 and -100, with readings below -80 considered oversold and readings
above -20 considered overbought. Traders use the Williams %R to identify potential buy and sell signals
based on these oversold and overbought readings.

For example, if the Williams %R reading is below -80, you may consider buying the currency, as it is
likely to experience an upward price correction in the near future. Conversely, if the Williams %R
reading is above -20, you may consider selling the currency, as it is likely to experience a downward
price correction in the near future.

Parabolic SAR Signal Settings

The Parabolic Stop and Reverse (SAR) indicator is a technical analysis tool used in forex trading to
identify potential trend reversals in price movements.

It plots points on a chart that represent potential stop loss levels for traders, based on the direction of
the trend. When the price is trending upwards, the SAR points are below the price, and when the price
is trending downwards, the SAR points are above the price.

The indicator is named after its ability to switch from providing stop loss levels to providing potential
entry points for traders. This occurs when the price crosses over the SAR points.

Traders use the Parabolic SAR to identify potential buy and sell signals based on these crossover
points. For example, if the price crosses above the SAR points, a trader may consider buying the
currency, as it is likely to experience an upward trend. Conversely, if the price crosses below the SAR
points, a trader may consider selling the currency, as it is likely to experience a downward trend.

HGI TimeFrame
HGI Trend Bias is MTF, you can select a higher timeframe from the current to calculate the HGI Signals.

HGI Trend Arrow Signal Settings

Indicates a trend direction

HGI Trend Wavy Signal Settings

Indicates price maybe changing direction

HGI Range Wavy Signal Settings

Indicates price maybe entering a range.

HGI Golden Arrow (Trend Arrow and Trend Wavy Same Bar
HGI Super Signal Arrow/Trend/Wavy

MA Cross Over (default 8 x 21) Signal Settings

A moving average is a line that represents the average price of an asset over a specific period of time.
The MA crossover indicator uses two moving averages: a shorter-term moving average and a longer-
term moving average to determine the potential trend.

Slope Signal Settings (MTF)

The Slope Forex indicator is a technical analysis tool used in forex trading. It helps traders identify the
direction and strength of a trend by measuring the angle of the trendline. The indicator displays a line
that changes color depending on the direction of the trend.

When the Slope Forex indicator line is green, it indicates an upward trend, suggesting that the price is
moving higher. Conversely, when the line is red, it indicates a downward trend, suggesting that the price
is moving lower. The steeper the angle of the trendline, the stronger the trend is perceived to be.
Flying Buddha Signal Settings
The Flying Buddha is a MA Cross Over that works best on the Daily Time Frame.

It is take form the thread: https://www.forexfactory.com/thread/339192-build-an-equity-millipede-with-

the-filtered-flying.

Stochastic Signal Settings

The stochastic indicator is a used to help identify potential trend reversals and overbought/oversold
conditions in the market. It is based on the idea that as prices increase, closing prices tend to be closer
to the upper end of the price range, and as prices decrease, closing prices tend to be closer to the lower
end of the price range.

The stochastic indicator consists of two lines, the %K and %D lines, that move within a range of 0-100.
The %K line represents the current market position relative to the price range over a specified period of
time, typically 14 periods. The %D line is a moving average of the %K line, typically with a period of 3.

The stochastic indicator can be used to identify potential buy and sell signals. When the %K line
crosses above the %D line from below the oversold level (typically 20), it is seen as a potential buy
signal. When the %K line crosses below the %D line from above the overbought level (typically 80), it is
seen as a potential sell signal.
MACD Signal Settings
The Moving Average Convergence Divergence (MACD) indicator is used help identify trend reversals
and momentum in the market.

The MACD is typically calculated by subtracting the 26-period Exponential Moving Average (EMA) from
the 12-period EMA. A 9-period EMA, known as the "signal line," is then plotted on top of the MACD line
to help identify potential buy and sell signals.

The MACD oscillates above and below the zero line, which represents the point where the 12-period
EMA and 26-period EMA are equal. When the MACD line crosses above the signal line from below, it is
seen as a potential buy signal. When the MACD line crosses below the signal line from above, it is seen
as a potential sell signal.

TDI Arrows Signal Settings

The TDI (Traders Dynamic Index) Indicator is a technical analysis tool used to help identify trend
direction, market volatility, and potential entry and exit points. It consists of three different indicators that
are combined into one chart: the Relative Strength Index (RSI), Moving Average, and Bollinger Bands.

The RSI indicator shows the strength of the trend, with overbought and oversold levels indicating
potential reversal points. The Moving Average indicator helps to smooth out the price movement and
identify the overall trend direction. The Bollinger Bands indicator shows the volatility of the market, with
wider bands indicating greater volatility and narrower bands indicating lower volatility.

The TDI indicator combines these three indicators into one chart, with different colors and line types
used to represent each indicator. The indicator can be used to identify potential entry and exit points
based on trend direction and market volatility, as well as to confirm trend strength and potential reversal
points

Weekly Pivot Signal Settings

Weekly Pivot points are calculated based on the high, low, and closing prices of the previous week's
high, low, and closing prices. The calculation involves finding the average of the high, low, and closing
prices, and then using this average to determine the pivot point, which is the central point around which
the support and resistance levels are calculated.

Opportunities to buy or sell at key pivot levels. For example, if the price is approaching a pivot point
level, you may look for confirmation of a reversal signal before entering a trade. Conversely, if the price
breaks through a pivot point level, you may look for confirmation of a breakout signal before entering a
trade.
Currency % Change
The Currency Pair % Change is the measurement of price movement of a currency pair over a specific
time frame, representing the difference between the opening and closing prices, relative to the opening
price.

The higher the percentage indicates significant price movements over the tie frame selected.

The signal is generated on the current candle or bar(0). The % change can be displayed on the chart.

Currency Strength (TimeFX_Currency_Strength.ex4)

The Currency Strength is the measurement of current price movement of a currency pair over, Indicator
TimeFX_Currency_Strength.ex4 has a % threshold to send a Buy or Sell signal when reached.
The signal is generated on the current candle or bar(0).

4 Bar Trend
The 4 Bar Trend (4 Bar Fractal) work best on the daily time frame and can identify a change of trend.

It looks back over the last 4 bars:

• Close of current bar(1) must be higher than the High of the previous bar(2)

• Close on the bar (1) must be higher then the HIGH of the bar(4) three bars back

• When conditions are met a Buy signal is generated

• Opposite conditions for a Sell signal

Not every signal will be a success but you may catch a a good trend change.

The 4 Bar Trend is taken from thread: https://www.forexfactory.com/thread/1126565-daily-chart-trading-

simple-entry-and-exit?page=2

NR4 (Narrow Range 4)

The NR4 (Narrow Range 4) indicator is used to identify periods of low volatility, identifying bars or
candles with the narrowest range compared to the previous three bars, indicating a potential trend
continuation or reversal.

NR7 (Narrow Range 7)

The NR7 (Narrow Range 7) indicator is used to identify periods of low volatility, identifying bars or
candles with the narrowest range compared to the previous six bars, indicating a potential trend
continuation or reversal.

NR4 & NR7

Generates a signal when NR4 and NR7 are generated on the same candle.

Trading Volume (TimeFX_Trading_Volume_Small.ex4)

The Trading Volume % for Bulls or Bears. Indicator TimeFX_Trading_Volume_Small.ex4) has a %
threshold to send a Buy or Sell signal when reached.

The signal is generated on the current candle or bar(0).

Rocky Road Signal Settings

The Rocky Road Signal is combination of indicators, MA, WPR and PSAR, when all conditions are met
a signal is generated.

The Rocky Road Signal is taken from thread: https://www.forexfactory.com/thread/989455-williamsr-sar-

x-over-15-minute-candles.
H1 Momentum Signal Settings
The H1 Momentum Signal identifies potential momentum on the H1 time frame when price opens and
closes above the MA with WPR and PSR (default settings) are active on the same candle.

You can specify that this signal is only generated after a recent Look Back Signal (I find these signals
are more reliable)

You can Look Back bars for a WPR or PSAR signal, as these might indicate a change of trend
approaching earlier than price open and close above the MA.

The H1 Momentum Signal is for the H1 Time Frame only.

PIN 1 Signal Settings

PIN is short for plug-in and is a special type of indicator that uses MT4 Global Variables to send signals
to trading dashboards and other expert advisors.

PIN 1 will monitor for PIN's sent to 1 and process them.

PIN 2 Signal Settings
PIN 2 will monitor for PIN's sent to 1 and process them.

PIN 3 Signal Settings

PIN 3 will monitor for PIN's sent to 1 and process them.

Alerts on Weighted Trade/Reversal Signals

 TimeFX Trend Bias and Weighted Trade Histo

Overview
The Trend Bias and Weighted Trade Histo indicator shows the selected Trend Bias as a Histogram.
Trade Signals from the current time frame and higher timeframes can be shown in multi-chart set-up

Parameter Settings
Overview of each parameter settings.

Indicator Settings

Trend Bias Histo

Parameter Aligned HTF (H1 to D1 M15/M5 to H1)

In multi-chart set-up this option allows you to align signals on lower timeframes to higher timeframe
Trend Bias. Trade Signals will only be shown in the direction of the higher timeframe Trend Bias.
• H1 aligned to D1

• M15/M5 - Aligned to H1

Trend Bias shown with no additional Trade Signals

Show Change of Trend Bias Direction Signals
When the Trend Bias changes, Trade Signals to show the change of direction can be shown.

Trend Bias shown with change of direction Trade Signals

Show Look Back Signals from HTF
In multi-chart set-up Look Back Signals from higher timeframes can be displayed on lower timeframes.

Higher timeframe Look back signals on a lower timeframe chart help to see if the change of Trend Bias
is moving in the direction of the change.

A strong Look Back Signal is when the Trend Bias change has reached the High/Low higher timeframe
channel, or a higher accumulated weighting for Look Back signals has been reached.
Daily Change of Trend Bias shown on the H1 chart

Show Donchian ZigZag Signal Current Time Frame

Donchian ZigZag signals when combined with a change of Trend Bias direction offer a higher probability
price will move in the direction of the change.

They can be shown for the current timeframe in the histograph as well as the chart, the default color is
White. If there is a Look Back Signal at the change of Trend Bias the Trade Signal drawn is larger.
Donchain ZigZag with and without Look Back Signal and change of Trend Bias

Show H1 Momentum Signal (Not D1)

The H1 Momentum Trade Signal can be shown in the histograph on a H1 chart, in multi-chart set-up it
can be shown on the M15 and M5 chart histographs.

H1 Momentum Signal (Yellow Signal) On H1 and Shown on M15

Show Currency % Change Signal
When a Daily Currency % Strength Threshold has been reached a Trade Signal on the open candle is
shown.

Currency % Strength on Chart and Histo (Open Candle Orange Signal)

 TimeFX Chart Settings

Overview
The chart settings indicator provides additional settings and options to manage your Trading Chart(s)
and/or Trading Dashboards (Profiles).

You can define the chart appearance and colors as well as selecting additional indicators to assist with
price action analysis.

The chart below shows all Chart Settings on

Parameter Settings
Overview of each parameter setting.

Indicator Settings
Chart Properties Color Settings
Enables you to override chart color settings with your custom colors every time the chart is loaded.
Custom colors are currently set to my preferred settings, these can be changed and saved in your chart
template.

Charts Showing My Default Chart Settings.

Indicator: #5 Candle Suite (Black)

All my charts use this indicator showing Price-Volume Analysis on the bars for easy recognition of when
special price and volume situations occur.
• Situation "Climax" - Bars with volume >= 200% of the average volume of the 10 previous chart
TFs, and bars where the product of candle spread x candle volume is >= the highest for the 10
 previous chart time TFs.
• Situation "Volume Rising Above Average" Bars with volume >= 150% of the average volume of
the 10 previous chart TFs.

Chart with #5 Candle Suit (Black)

Chart with #2 Access Panel (Black) - Ask Bid Line Color Settings
Change the style and color of the Ask Bid lines using options in #2Access Panel (Black)
Session Lines Asia/London/New York
Show current and previous session lines for Asia/London/New York
Show Daily ADR Levels
Show the Daily ADR Levels and % reached on the chart.
ADR levels represent potential support and resistance levels as price moves closer towards them.

Show Daily Open Line

Show the Daily Open Line on the chart.
Show Previous Day High / Low Lines
Show the Previous Days High and Low Position on the chart.
Show Moving Average Channel
Show a Moving Average Channel.
Show High / Low Trade Zone Boxes (SIXQTHS)
Show High / Low Trade Zone Boxes (SIXQTHS), when price moves into these Trade Box Zones, wait
for Trade Signals in the opposite direction.
Show Trading Hours Box's
Draw a Trading Box on the chart for the hours you like to trade or to show an are where price action
maybe more volatile. e.g. 1 hour before New York open.
Show Weekly Pivot Trading Zones
Show weekly Pivot Lines.
Maximize Chart Double Click
If set to True, double click on the chart to maximize to full screen.
This is useful if you create a profile with many charts and you want to see a chart maximized to see
more price action data for analysis.

Scale Chart
If set to True, scale the chart between 0 and 49, this is useful if you create a profile with many charts.

Scaled 5 No Scale
Hide Chart Window and Caption Borders
Hide chart window and caption borders providing ore room on the chart.
This is useful if you create a profile with many charts and you want to see a more chart price action
data.

Show Pips
Show pips in profit / loss on the chart.
 TimeFX Trend Bias Button

Overview
The Trend Bias Button indicator enables you to display your Trend Bias on the chart as a visual aid or to
override trade signals generated on the chart or all charts.

It has 3 visual options:

• Flat

• Up

• Down

You press the button to toggle through the visual options.

Bias Flat

Bias Up
Bias Down
Parameters
Overview of parameters.

Indicator Settings

Trend Bias Override

When the indicator is on the chart you can use a selected Trend Bias to override generated Trade
Signals to only be shown in the direction of the select Trend Bias
• No Override - Use Selected Trend Bias from TimeFX_Trend_Bias_and_Weighted_Trade_Signals
indicator
• This Chart - Override Trade signals on the chart to be shown in direction of Trend Bias Button

• All Charts - Override Trade signals on all charts to be shown in direction of Trend Bias Button
If you're using multiple charts and time frames, this indicator can be helpful. It allows you to make trade
signals follow the trend of a higher time frame chart. For example, if you choose an "Up" trade bias on
the D1 chart, the indicator will only show trade signals that align with the trend on the lower time frames.
 TimeFX Trade Volume Small

Overview
The Trading Volume Small indicator provides information on the market volume. It displays a
percentage graph for bullish and bearish volumes, with green indicating bullish volume and red
indicating bearish volume.

This indicator sends Trade Signals using a Buy and Sell threshold percentage. If selected as Weighted
Trade Signal in TimeFX_Trend_Bias_and_Weighted_Trade_Signals indicator, the Trade Signal is
shown on the open candle of the chart.

Parameters
Overview of indicator parameters.

Indicator Settings
Volume Calculation Method
Select the volume calculation method:
• BodyRatio

• BidRatio

• OpenRatio

Send Trade Signals to TimeFX_Trend_Bias_and_Weighted_Trade_Signals

Select the Buy and Sell threshold to send trade signals.

Dashboard Position
Select the dashboard position on the chart.
 TimeFX Currency Strength

Overview
The Currency Strength indicator calculates the currency pair strength and shows it as a percentage.

This indicator sends Trade Signals using a Buy and Sell threshold percentage. If selected as Weighted
Trade Signal in TimeFX_Trend_Bias_and_Weighted_Trade_Signals indicator, the Trade Signal is
shown on the open candle of the chart.

Parameters
Overview of indicator parameters

Indicator Settings
Send Trade Signals to TimeFX_Trend_Bias_and_Weighted_Trade_Signals
Select the Buy and Sell threshold to send trade signals.
 TimeFX CS Daily Percentage Change

Overview
The Currency Strength Daily Percentage Change indicator measures price movement of a currency pair
over a specific time frame, representing the difference between the opening and closing prices, relative
to the opening price.

The higher the percentage indicates significant price movements over the time frame selected.

Screenshot
This shows the indicator loaded twice on a chart, showing the sum of currencies along the top and All
Currencies underneath.

Parameters
Indicator Settings

Currency Selection

Screen Shot All Currencies

Screen Shot Sum of Currencies

Screen Shot USD
Chart Setup
 Roadmap

New features planned

Trend Bias
• Bollinger Bands

• Keltner Channel

• ALMA Trend

• Donchian Channel

• Jurik

Signals
• CCI

• ADX

New Functions
• TimeFX Strength Panel

• Add a probability % to trade signals

• Write generated trade signals to file for forward real time testing analysis

• CS Daily Percentage Change add option to same change overtime

• TimeFX Charts - Options to have long or short Ray Lines (Not just short)

Last updated: May 2023