Welcome to Free Indicators

Free Indicators

Free Indicators For Traders

The purpose of the Free Indicators Web site is to provide traders with an arsenal of effective trading tools and knowledge. The Web site includes numerous indicators, tips, tricks, and discussions on many of today’s leading trading platforms (NinjaTrader, TradeStation, MultiCharts, MetaTrader, eSignal and more). The information provided at our Web site will be useful for Futures, Forex, and Equities traders alike.

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Harmonic Pattern Scanner for NinjaTrader

Harmonic Patterns Harmonic patterns are formed when a sequence of run-ups and pullbacks in the market adhere to predefined ratios (typically Fibonacci ratios). Many traders use Harmonic patterns in an attempt to identify key turning points in the markets, as well as predictions on future market movement. As seen in the image below, Harmonic patterns …

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Volume Gradient Bars

Volume Gradient Bars

Volume Gradient Bars for NinjaTrader Volume information is easily accessible for traders, but many traders overlook volume since the data is a little more difficult to interpret. Our new Volume Gradient Bars indicator colors bars based on how high/low the volume was for that particular bar. This makes it much easier to interpret the information …

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Fibonacci Extension Indicator

Automatic Fibonacci Extension Indicator

Fibonacci Extension Indicator A Fibonacci Extension indicator is often used by traders as an indication of support and resistance. These indicators provide Fibonacci levels that are determined by identifying three extreme points (ex. a swing low, a swing high, and a swing low), and dividing the vertical distance between the first two extreme points by …

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Exponential VWAP

Exponential VWAP Indicator

Two of the most common indicators I see used by traders are the EMA (Exponential Moving Average) and VWAP (Volume Weighted Average Price). Typically, traders prefer the EMA to a standard moving average because it will react faster to price movements, causing less lag than a standard moving average. Because the VWAP indicator uses a …

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