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Donchian Channel Indicator
The Donchian Channel Indicator for MT5 is a volatility indicator that uses the calculation of the current price range with the help of the recent highest and lowest price levels of an asset. To perform the calculation for the Channel, the gauge needs to find the highest maximum and the lowest minimum for a defined […]
MACD Histogram Multi-Color Indicator
The MACD Histogram Multi-Color Indicator for MT5 shows the difference between the MACD and Signal Lines. For the calculation of the MACD line, you can choose from the usual price types. For the calculation of the Signal Line, you can choose between SMA or EMA. The histogram can be switched between single and multi-color. Example […]
T3 CCI Divergence V1 Indicator
The T3 CCI Divergence V1 Indicator is a tool that automatically recognizes divergence between the price and the Commodity Channel Index (CCI) + T3. Example charts Check charts of the T3 CCI Divergence V1 Indicator in action. Settings These are available settings.
QQE With Alerts Indicator
The QQE With Alerts Indicator is a variation of the Qualitative Quantitative Estimation indicator and it also has a feature to alert user when a signal is triggered. Example charts
Power Trend Indicator
The Power Trend Indicator has an interesting ability to measure market trends and provides a visual display of their various stages. That gauge tells a trader what is the trend direction and its strength. Closer look on the Power Trend Indicator When you first load the power trend you will notice that it consists of […]
MACD Colored Histogram Indicator
The MACD Colored Histogram Indicator for MetaTrader 4 is a high-demand trading gauge as the Moving Average Convergence and Divergence is one of the most popular forex indicators out there. This is a variation of the classic MACD and will be further described in the next parts of this article. Closer look on the MACD […]
Auto Trend Channel Indicator
The Auto Trend Channel Indicator for MT4 is an awesome tool that displays a set of trendlines defined by the highs and lows of a currency pair price action. These lines are plotted automatically on a chart and together make a price channel as the price is moving between two parallel trendlines. This is one […]
Xmaster Formula Indicator MT5
The Xmaster Formula Indicator for MT5 displays a bi-colored dashed line that shows market trends and their directions. It’s often referred to as the xhmaster formula. This tool is a modern version of a popular indicator known for providing reliable and accurate signals, originally released for earlier MetaTrader platform. How to trade with the Xmaster […]
Raff Channel Indicator
The Raff Channel Indicator draws a trend channel using the technique originally introduced by Gilbert Raff. The slope of the channel shows a trend direction and its boundaries are considered potential market entry points. Closer look on the Raff Channel Indicator The upper and lower trendlines show the maximum distance the Close Line had moved […]
TMA Centered Bands Indicator
The TMA Centered Bands Indicator draws a trend-following price channel along with the dynamic support and resistance levels. It helps to understand the trend conditions and provides potential areas to enter the market. Closer look on the TMA Centered Bands Indicator As you can see, the TMA Centered Bands Indicator consists of the lower band, […]
