Category: Forex MT5 Indicators
Slingshot Indicator MT5
The Slingshot Indicator for MT5 is responsible for diplaying the colored price momentum histogram and signal line under the candlestick chart. Example chart: How to use the Slingshot Indicator for MT5? The Slingshot indicator uses different colors to suggests probable direction of the price movements. Traders should understand them as follows: Green – bullish movement […]
MT5 MinPriceChange Signal Indicator
The MinPriceChange Indicator for MT5 helps detect when the market moves from a flat (sideways) phase into a new movement, which is either a continuation of the current trend or an reversal. Example chart: How to use MT5 MinPriceChange Signal Indicator? The idea behind this tool is simple: markets move sideways for some time, then […]
Vortex Oscillator Indicator MT5
The Vortex Oscillator Indicator for MT5 displays histogram bars and can be successfully used both in trend-following and reversal strategies. Example chart: How to use the Vortex Oscillator Indicator for MT5? This oscillator is based on the original Vortex indicator and shows the difference between the VI+ and VI- lines as a histogram. Blue bars […]
MT5 Setka Indicator
The Setka Indicator for MT5 is responsible for displaying a grid, which is helpful for understanding important market levels (with right parameters). Example chart: How to use the MT5 Setka Indicator? The use case for MT5 Setka Indicator is based on concept that meaningful price action happens at certain price levels and at given time. […]
MT5 Rainbow Oscillator Indicator
The Rainbow Oscillator Indicator for MT5 is based on the Mel Widner’s Rainbow Average, but this version displays both histogram bars and oscillator line. Example chart: How to use the MT5 Rainbow Oscillator Indicator? The goal of the Rainbow Oscillator Indicator for MetaTrader 5 is recognizing and showing trends in the market. Blue color corresponds […]
MACD Coloured Histogram Indicator MT5
The MACD Coloured Histogram Indicator for MT5 is responsible for calculating the difference between the MACD and its signal line and displays the result as a colorful histogram. This makes understanding provided signals even easier. Example chart: How to use the MACD Coloured Histogram Indicator for MT5? Once the indicator is activated in MetaTrader 5, […]
MT5 PS Magicas Indicator
The PS Magicas Indicator for MT5 displays three moving averages and additionally it provides potential take profit targets and entry points ideas. Example chart: How to use the PS Magicas Indicator for MT5? The PS Magicas Indicator for MetaTrader 5 provides traders trend direction based on the setup and alignment of the plotted moving averages. […]
Vertex Mod Indicator MT5
The Vertex Mod Indicator for MT5 is a volume analysis tool that’s able to recognize strength of ongoing and past trends. Example chart: How to use the Vertex Mod Indicator for MT5? The Vertex Mod Indicator for MetaTrader 5 reveals trend momentum by displaying colorful volume bars in a seperate window placed below the main […]
TMA CD Divergence Indicator MT5
The TMA CD Divergence Indicator for MT5 is responsible for detecting divergences between price and Triangular Moving Average. Traders receive high-probability trend reversal signals and momentum shifts. Example chart: How to use the TMA CD Divergence Indicator for MT5? Once the indicator is activated in MetaTrader 5 platform, it displays colored histogram bars and buy […]
MT5 Kairi Relative Index Indicator
The Kairi Relative Index Indicator for MT5 analyzes price movements and helps traders spot exhaustion and pullback opportunities. Behind the scenes, it calculates how far price has stretched away from moving average and displays dedicated oscillator line. Example chart: How to use the Kairi Relative Index Indicator for MT5? The Kairi Indicator measures how far […]
