Xmaster Formula Indicator MT5

Introduction to the Xmaster Formula Indicator The Xmaster Formula Indicator has gained a lot of popularity. The original indicator was, however, released only for the MT4 platform and the market was missing a version for MT5. Luckily, the wait is over – hereby, we present the Xmaster Formula indicator for MT5. The Xmaster Formula Indicator…

Relative Volatility Index Indicator MT5

Introduction to the Relative Volatility Index Indicator The Relative Volatility Index Indicator consists of two color-filled floating areas which suggest whether the current volatility is bullish or bearish. The indicator is originally coded to support multi-time frame analysis and provides alerts. The Relative Volatility Index Indicator fits all kinds of timeframes and currency pairs. It…

Half Trend Buy Sell Indicator MT5

Introduction to the Half Trend Buy Sell Indicator The Half Trend Buy Sell Indicator is a trend-following and non-repainting forex trading gauge. Its signals are calculated and provided in a totally automatic way and are based on moving averages intersections. It’s a newbie-friendly tool as these signals are presented in the form of simple buy/sell…

MACD Histogram Indicator MT5

Introduction to the MACD Histogram Indicator The MACD Histogram Indicator is a variation of a popular MACD indicator, but as the name suggests, it has added histograms to display the difference between the MACD and the signal lines. For the calculation of the MACD line, one can choose from the usual price types. For the…

CCI Divergence Indicator MT5

Introduction to the CCI Divergence Indicator The CCI Divergence Indicator is a great tool for trend reversal recognition that often takes place after the divergence between price and Commodity Channel Index (CCI) happens. All the hassle is taken from traders, as that gauge recognizes the signals in a completely automatic way. The CCI Divergence Indicator…

RSI (Var) Hull of Hull Average Indicator MT5

Introduction to the RSI (Var) Hull of Hull Indicator Before we start explaining the RSI (Var) Hull of Hull Indicator, you should know that the Relative Strenght Index (RSI) uses for its calculations something called Wilders EMA. Replacing that Moving Average with some other type results in a totally different version of RSI comparing the…

Trix Candles with Keltner Channel Indicator

Introduction to the Trix Candles with Keltner Channel Indicator The Trix Candles with Keltner Channel Indicator is, as the name suggests, a combination of Trix Candles and Keltner Channel. It uses the 4 Trix (Triple Exponential Moving Averages Oscillator) with values of open, close, high, and low to construct candles of this indicator. That forex…

Renko Chart Indicator

Introduction to the Renko Chart Indicator The Renko Chart Indicator draws, instead of candles, bricks or boxes that are all of the same size. These bricks are based on the price movement while ignoring the time factor. It means that no matter of active timeframe, the Renko Chart looks always the same. The Renko Chart…

JMA Keltner Channel Indicator

Introduction to the JMA Keltner Channel Indicator The JMA Keltner Channel Indicator is a variation of the standard Keltner Channel indicator, but this one is based on Jurik Moving Average. The Keltner Channel is usually calculated as SMA (Simple Moving Average) +- ATR distance for the bands. Since SMA is the slowest moving average, that…

WPR Histogram Vol Indicator

Introduction to the WPR Histogram VolIndicator The WPR Histogram Vol Indicator is, as the name suggests, a forex volume indicator based on Williams Percentage Rate. It is developed on the following formula: WPR Histogram Vol = ( WPR + 50) * Volume. For quite understandable reasons, the recalculation of overbought and oversold levels in such…