| The Forex Truth WHAT EVERY TRADER NEEDS TO KNOW... |
Over the past year, I've developed and had made some special
indicators that suite my style. I am including them in "The Forex Truth"
package along with some templates for you to use as well.
The indicators are...
I add more all the time. The ones listed here are not all of them, but
they are some of the best. I have many in development right now and
will update this website when I get them ready for showing.
I've put some screen shots of the indicators below with short
descriptions of each. Look at the screen shots below and see for
yourself what they look like.
Good Fortune To You.
EWB
indicators that suite my style. I am including them in "The Forex Truth"
package along with some templates for you to use as well.
The indicators are...
- EWB Custom Time Zone Pivot Points
- EWB Pivots #1
- EWB Pivots #2
- EWB Candle Timer
- EWB MACD
- EWB RSI
- EWB Trend Candles
- EWB Auto Trend Lines
- EWB Buy-Sell Signals
- EWB MA
I add more all the time. The ones listed here are not all of them, but
they are some of the best. I have many in development right now and
will update this website when I get them ready for showing.
I've put some screen shots of the indicators below with short
descriptions of each. Look at the screen shots below and see for
yourself what they look like.
Good Fortune To You.
EWB
| EWB Custom Time Zone Pivots |
This pivot indicator allows you to change time zones for the pivots. It is similar to the TFX Pivot Pro,
but adjustable if you like using different times such as midnight EST. It also has the daily stats at the
top left of the chart along with a candle timer as well.
but adjustable if you like using different times such as midnight EST. It also has the daily stats at the
top left of the chart along with a candle timer as well.
| EWB Pivots #1 & #2 |
These pivot indicators are my favorite and what I use primarily on every chart. EWB Pivots #1 displays
the main pivots - Pivot, R1, R2, R3, S1, S2 & S3 using solid lines. The EWB Pivots #2 displays the
mid-level pivots - M0, M1, M2, M3, M4 & M5 using dotted lines.
These indicators allow you to see the pivots in the past. They also allow you to change the time zone as
well. The default time zone is set to 7 and displays the midnight EST pivot levels. Look at the screen
shot below and see for yourself just how wonderful having these pivot indicators are.a
the main pivots - Pivot, R1, R2, R3, S1, S2 & S3 using solid lines. The EWB Pivots #2 displays the
mid-level pivots - M0, M1, M2, M3, M4 & M5 using dotted lines.
These indicators allow you to see the pivots in the past. They also allow you to change the time zone as
well. The default time zone is set to 7 and displays the midnight EST pivot levels. Look at the screen
shot below and see for yourself just how wonderful having these pivot indicators are.a
| EWB Candle Timer |
This is a straight forward, simple indicator that displays the remaining time for each currently forming
candle and also at the top left of the chart. I made the default color "DimGray" so it will be easily seen
on both white and black charts.
candle and also at the top left of the chart. I made the default color "DimGray" so it will be easily seen
on both white and black charts.
| EWB MACD |
I took this 2 line MACD indicator and improved it. Now, it shows different color histogram bars when the
space between the moving average and signal line changes. It's a very handy tool for determining
change in direction. You can also change the colors to any you desire.
space between the moving average and signal line changes. It's a very handy tool for determining
change in direction. You can also change the colors to any you desire.
| EWB RSI |
I'm really proud of this one. I rely quite a bit on RSI for certain trading signals, but always had trouble
determining if the 50 was crossed or not. Well, take a look at this one. I've modified it so the RSI line
will change colors when the 50 level is crossed. Also, for the color to change, a candle must open above
or below the previous candle to confirm the indicator's change of direction. There is also an audible alert
that will sound when the RSI crosses the 50 as well. You can turn this off if you wish. This has been
very helpful and made trading with an RSI much easier.
determining if the 50 was crossed or not. Well, take a look at this one. I've modified it so the RSI line
will change colors when the 50 level is crossed. Also, for the color to change, a candle must open above
or below the previous candle to confirm the indicator's change of direction. There is also an audible alert
that will sound when the RSI crosses the 50 as well. You can turn this off if you wish. This has been
very helpful and made trading with an RSI much easier.
| EWB Trend Candles |
This is my own version of Heiken Ashi bars. I never liked the default MT4 settings or any of the other
custom Heiken Ashi bars. So I made my own. They look just like regular candles, but have different
color wicks. I don't know about you, but to me, it helps determine direction and momentum much
better than the default Heiken Ashi. I've pasted 2 small charts below so you can compare.
custom Heiken Ashi bars. So I made my own. They look just like regular candles, but have different
color wicks. I don't know about you, but to me, it helps determine direction and momentum much
better than the default Heiken Ashi. I've pasted 2 small charts below so you can compare.
| EWB Auto Trend-Lines |
I've seen a bunch of these types of indicators and honestly, I didn't like any of them entirely. So, I took
the best parts from lots of different ones, put them together and came up with this one. It will
automatically draw trend lines from the last 2 swing high & swing low points and display all sorts of
other optional indicators if you so desire. There is also a feature included where you can choose to
show previous trend lines as "backsteps." This is very helpful and also allows you to automatically use
more consecrative trend lines if you desire. It's awesome and very helpful for to trade with. The screen
shot below shows the indicator with all the bells and whistles turned on, as well as displaying a setting
of 2 in the backstep option.
the best parts from lots of different ones, put them together and came up with this one. It will
automatically draw trend lines from the last 2 swing high & swing low points and display all sorts of
other optional indicators if you so desire. There is also a feature included where you can choose to
show previous trend lines as "backsteps." This is very helpful and also allows you to automatically use
more consecrative trend lines if you desire. It's awesome and very helpful for to trade with. The screen
shot below shows the indicator with all the bells and whistles turned on, as well as displaying a setting
of 2 in the backstep option.
| EWB Buy-Sell Signals |
This is my own custom Buy-Sell signal indicator. It's similar to the TFX Reversal but there are many
more signals that come through. I use it on the 4H charts and will sometimes look at it on the 1H as
well. I always confirm the signals with the MACD (default settings) and the TFX OBOS at a setting of 13.
For confirmation, the MACD and TFX must both be going in the same direction as the buy-sell signal.
And, this indicator does not re-paste signals whatsoever. It is absolutely awesome!
more signals that come through. I use it on the 4H charts and will sometimes look at it on the 1H as
well. I always confirm the signals with the MACD (default settings) and the TFX OBOS at a setting of 13.
For confirmation, the MACD and TFX must both be going in the same direction as the buy-sell signal.
And, this indicator does not re-paste signals whatsoever. It is absolutely awesome!
| EWB MA (Moving Average) |
I just finished this one recently. It's a moving average that changes directions when a candle closes
above or below the moving average. It is completely customizable and very effective for determining
change in market direction. I like this one a lot!
above or below the moving average. It is completely customizable and very effective for determining
change in market direction. I like this one a lot!
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© Copyright 2006 Elbert Wade Box, Jr., "The Forex Truth" TM – All Rights Reserved
"The Forex Truth" is a registered Trade Mark and is owned by Elbert Wade Box, Jr.
All contents of this website are private and copyrighted. No portion of this website, including screen shots, may be
reproduced without written permission from Elbert Wade Box, Jr.
"The Forex Truth" is a registered Trade Mark and is owned by Elbert Wade Box, Jr.
All contents of this website are private and copyrighted. No portion of this website, including screen shots, may be
reproduced without written permission from Elbert Wade Box, Jr.
© Copyright 2006-2010 Elbert Wade Box, Jr., "The Forex Truth" TM – All Rights Reserved
"The Forex Truth" is a registered Trade Mark and is owned by Elbert Wade Box, Jr.
All contents of this website are private and copyrighted. No portion of this website, including screen shots, may be
reproduced without written permission from Elbert Wade Box, Jr.
"The Forex Truth" is a registered Trade Mark and is owned by Elbert Wade Box, Jr.
All contents of this website are private and copyrighted. No portion of this website, including screen shots, may be
reproduced without written permission from Elbert Wade Box, Jr.
| "EWB Custom Indicators" |