Indicators and Analyzes from Trading Central on MetaTrader 4 - CHECK

Trading Central (TC) provides comprehensive services in the form of providing modern investment tools and information in the form of market analyzes and signals helpful in making independent trading decisions on financial markets. The beginnings of TC's activity date back to 1999. The company constantly focuses on further development, extending the range of analyzed financial instruments and employing qualified staff. We will look at the package of five indicators they offer for the popular MetaTrader 4 platform. We will describe their operation, functions and check how effective they are on Forex market.

The indicators do not need to be copied or downloaded separately. Just download the application and it will install it in our folder Indicators. After launching the MT4 platform, all tools will appear in the tab Own.

Views Analyst

The indicator shows the key support and resistance levels developed by analysts. Moreover, ready-made scenarios for selected items are displayed.

Adaptive Candlesticks

The indicator detects 16 of the most popular candlestick patterns and marks them on the chart. The moment the tool detects one of them, a signal will appear. When you hover over blue or red objects, a description of the found formation will appear.

Adaptive Divergence Convergence (ADC) ChartPriceMarks

The indicator is directly visible on the chart. The signals come from all ADC components including price lines, indicators and two oscillators. Shows signals for entry and exit from position:

• Green arrow - means the opportunity to take a long position,
• Red arrow - means an opportunity to take a short position,
• LX - Exit Long Position  - determines the moment of exit from the long position,
• SX - Exit Short Position - determines the moment of exit from the short position.

After hovering the cursor over the above symbols, the information why such a signal was generated will appear.

ADC Raw + Smooth & ADC Slow / Fast Oscillators + AFilter

Two compatible oscillators. One of them is slow and the other is much faster. These two variants are intended to aid decision making in both long-term trading and in much shorter time frames.

I say: "checking"

Our test will consist in using only the above-described indicators from Trading Central. Based on their performance, all trading decisions will be made. The test will last 4 weeks and we will present our results and observations every Monday. We hope that during this trial we will be able to select the best indicator from the entire package and evaluate the effectiveness of the entire set.

We are starting on August 31:

• Broker IC Markets,
• Demo account,
• $ 1000 starting balance,
• 1 lever: 500,
• Stocks: currency pairs and raw Materials.