Category: Channel Indicators
ATR Channels Indicator
The ATR Channels Indicator for MT5 is responsible for plotting multiple price extensions based on the Average True Range values and these bands create adaptive channel formations. These channels serve various purposes, including providing ideas for entry and exit points (take profit and stop losses as well), defining dynamic support and resistance levels, highlighting areas […]
Polynomial Regression Channel Indicator
The Polynomial Regression Channel Indicator for MT5 displays a dynamic channel with auto adjustments to the price volatility. The middle line is very important as it color code tells traders about upward or downward market direction. Namely green and blue corresponds to bullish and bearish movement respectively. Example chart: As you can see on the […]
TMA Centered Bands Indicator
The TMA Centered Bands Indicator for MT5 creates a dynamic channel formation with one central line and two dotted bands. This guage uses color-code for clarity: the top is pink, the bottom is blue, and the middle one shifts between pink and light blue to reflect trend changes. When it comes to the formula used, […]
Linear Regression Channel Indicator
The Linear Regression Channel Indicator for MT5 is responsible for placing five leaning lines that together form an channel. They are calculated based on the maximum deviation. The most external ones define boundries and limits of price, you can consider them as support and resistance levels. What’s more, the slope suggests the trend direction. In […]
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 […]
SSL Channel Chart Indicator
The SSL Channel Chart Indicator for MT5 combines moving averages to generate trading signals. The acronym SSL stands for Semaphore Signal Level, and it offers visual indications for buy/sell signals. It presents signals for both bullish and bearish trends when the lines cross. After installation and activation your chart should look like this. In essence, […]
Bollinger Bands Color Indicator
The Bollinger Bands Color Indicator for MT5 not only helps to understand ongoing market volatility, but also marks different setups with distinct colors. Forex traders equipped with such readings, can act faster regarding bearish, bullish opportunities and also know when there is a neutral movement. Example chart: Understanding readings of the bollinger bands color indicator […]
Bollinger Bands Cross Alert Indicator
The Bollinger Bands Cross Alert Indicator offers an alert when the price is out of the Bollinger Bands range, indicating a possible price direction change. The indicator was originally created by Issam Kassas (DFXG – Dubai Forex Group). Example charts Check charts of the Bollinger Bands Cross Alert Indicator in action. Settings These are available […]
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 […]
JMA Keltner Channel Indicator
The JMA Keltner Channel Indicator for MT5 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 version uses a much “faster” […]
