Category: Channel Indicators

3X Parabolic Regression Indicator

The 3X Parabolic Regression Indicator draws two linear trend channels calculated on the standard deviation (with different periods) and a single curvilinear trend channel calculated on a parabolic regression. How to apply 3X Parabolic Regression in trading? As we mentioned at the beginning of this article, the 3X Parabolic Regression Indicator consists of three channels. […]

VWAP Bands Indicator

The VWAP Bands Indicator for MetaTrader 5 is similar to the Bollinger Bands, but to calculate its values it uses Volume-Weighted Average as the central value of the bands. Additionally, you can choose an option to use the tick volume or real volume for calculation (only in the case, if the symbol and the broker […]

Point of Balance (POB) Indicator

The Point of Balance (POB) indicator lays a triple line channel that serves as the current trend revealer. The price and candlestick move above/below that channel. It consists of three lines: the red and green lines are aligned to the upper outer and lower outer boundaries of the channel respectively, while the blue line stays […]

RSI Slope Divergence Indicator MTF

The RSI Slope Divergence indicator MTF plots two linear regression channels: directly on the price and on the Relative Strength Index (RSI). It is a multi-timeframe indicator. The general usage of that gauge is divergences detection, but also correction or retracement even before it occurs.

RSI with Fibonacci Auto Channel Indicator

The RSI with Fibonacci Auto Channel indicator is based on the Relative Strength Index with some Fibonacci levels implemented into the code of this tool. The main bold signal line is colored pink and green and it switches its coloring depending on market trends. You should look for buy trades when the line is green. […]

Ehlers IFT of Smoothed RSI Indicator

The Ehlers IFT of Smoothed RSI Indicator for MT5 is essentially a dynamic channel displayed within own window instead directly on chart. As the name suggests, this is a sophisticaed combination of Inverse Fisher Transformation and smoothed Relative Strenght Index. Anatomy and trading suggestions As you can see it consits of two outer bands and […]