BlackPearlFX can also provide a package of useful, commonly-requested chart indicators included in the same Elite Trader Tools.
The Pivot indicator shows traditional pivot points based on the high, low and close of the previous day’s trading. The user can adjust the calculation, e.g. drawing D1 pivot points on an H1 chart, and changing the basis of the pivot calculation.
The indicator can also be configured to issue alerts whenever the price crosses one of the pivot levels.
Highs and Lows
The High-Low indicator shows historic highs and lows on a chart, e.g. yesterday's D1 high and low on an M15 chart. The user can add multiple copies of the indicator to a single chart in order to show different historic price levels. The indicator also has several sophisticated features such as the ability to choose a daily time range so that the high and low are only applied to core trading hours - particularly useful on equities or indices which may have 24-hour pricing while only seeing significant activity while an exchange is open.
The indicator can also be configured to issue alerts whenever the prices crosses a historic high or low.
Click here to download the user guide: BlackPearlFX – Highs-Low indicator.pdf
The Renko bar indicator draws Renko bars on top of a normal MT4 chart, i.e. as blocks of varying duration/length.
In MT4, the indicator can also be used to generate an offline chart showing a more traditional Renko view, where the blocks are of constant size and the duration represented by the X axis is variable.
Click here to download the user guide: BlackPearlFX – Renko Indicator.pdf
The Chart-in-Chart indicator draws the price action for an additional symbol as a sub-window on the main chart. You can add multiple copies of the indicator to a chart in order to display multiple symbols. In other words, the indicator provides a quick and easy way to compare the price action on EURUSD against other symbols such as AUDUSD and GBPUSD without needing to open three separate charts.
The price action can be drawn in different styles, and can be inverted (e.g. turning USDJPY into JPYUSD). It is also possible to include some popular technical indicators such as moving averages and envelopes on the secondary display of the price action in the sub-window.
The Candle Countdown indicator shows the time remaining in the current bar - either for the current chart timeframe, or for any other timeframe (e.g. time remaining in the current H4 bar while looking at an M15 chart). The indicator can also be configured to issue an alert when a bar is about to close.
Click here to download the user guide: BlackPearlFX – Candle Countdown Indicator.pdf
The Chart Group indicator links charts together so that changing the symbol on one chart automatically changes all the linked charts. For example, the user opens charts for M5, M15, H1 and D1, and uses the indicator to link them together. Changing the symbol on any one of these charts then automatically changes all the other charts to use that symbol. This provides a faster and much more convenient way of switching a view between different symbols than using MT4 profiles. The indicator can also be used to synchronise chart timeframes rather than symbols.
Click here to download the user guide: BlackPearlFX – Chart Group Indicator.pdf
The Order History indicator shows historic trading activity against the price history for a symbol. It not only creates markers showing the entry and exit of each historic position, but also draws bands at the bottom of the charts giving an overview of when there were open positions - both for the chart symbol, and also for all/any other markets.
Click here to download the user guide: BlackPearlFX – Order History Indicator.pdf
The Freehand Drawing lets users draw directly onto a chart, simply by holding down the D key while moving the mouse. It is particularly useful for any kind of trainer or trade leader who wants to be able to highlight particular chart areas, either before sending out a screenshot or - in particular - while conducting a live webinar.
Click here to download the user guide: BlackPearlFX – Freehand Drawing Indicator.pdf