Category: Forex MT5 Indicators
Darvas Boxes NMC Indicator
The Darvas Boxes NMC Indicator for MT5 draws squares and rectangles on activity chart. These shapes have special meaning as their right edges act as potential trade entry points. What’s more, the formula behind this tool allowed its creator to amass a considerable fortune. A little bit of historical background Nicolas Darvas developed his unique […]
Order Block Locator Indicator
The Order Block Locator Indicator MT5 (MetaTrader 5) offers superior buy and sell signals within the forex market, pinpointing them by analyzing price exhaustion points. These order blocks represent regions where substantial orders have been executed, a result of participation from various significant market players, including banks, hedge funds, and other financial institutions. This forex […]
Chandelier Exit Cloud Indicator
The Chandelier Exit Cloud Indicator for MT5 performs analysis of price movements and in the result provides specific trend display. Essentially, this guage shows signals in the form of a colorful cloud. To be precise, there are green and pink formations that correspond to bullish and bearish market bias. This can be utilized in several […]
Breakout Zones Indicator
Goal of the Breakout Zones Indicator for MT5 is scanning charts for the special zones with high-probability opportunities. These levels are displayed in the form of two horizontal lines serving as reference points for the potential trades. What’s more, they are both based on specific time interval, thus apply only for a specific slice of […]
Prevailing Trend Indicator
The Prevailing Trend Indicator for MetaTrader 5 simply reflects the current trend by two distinct lines. These so-called components and their setup has specific meaning, namely red one suggests bearish scenario, while the green one corresponds to bullish market. The trade signals occurs when they cross each other. Let’s see if such a basic tool […]
Averages Heatmap Indicator
The Averages Heatmap Indicator for MT5 is essentially a combination of multiple moving averages giving wide perspective on market situation. It can be successfully used for determining trend strenght and direction or even stop loss and take profit levels. When you activate the gauge, it will be displayed within own window placed below main trading […]
Double Stochastic With RSI Indicator
The Double Stochastic With RSI Indicator for MT5 is an interesting combination of these two popular oscillators that are by many considered the best reversal gauges. Its main principle is comparing previous and current values of the readings. The final calculations are pleasantly displayed on the charts with clear overbought and oversold areas. The idea […]
ATR Support/Resistance Levels Indicator
The ATR Support/Resistance Levels Indicator for MT5 uses, as the name suggests, the Average True Range to define three precise support and resistance levels on trading charts. The goal of this tool is identification of key areas at which there is high-probability of strong market reactions. Levels of higher importance explained The formula behind this […]
Karpenko Cloud Indicator
The Karpenko Cloud Indicator for MT5 is trend gauge that displays colorful cloud directly on the trading chart. These greenish and pinkish formations refelct prevailing market trends. What’s more, these special formations allows to spot potential shifts in market-driving powers. Let’s see how to utilize them. Trading signals of Karpenko Cloud indicator After you activate […]
Harmonic Pattern Finder Indicator
The Harmonic Pattern Finder Indicator for MT5 was created to scan through forex charts and detect various trading patterns with precision and engagment. For convenience, it quickly presents the findings directly on the chart. When it comes to these detections, it has pretty solid reliability. So let’s see why it’s worth your attention. Why harmonic […]