Category: Market Levels Indicators
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. […]
Fractal Support and Resistance Indicator MT5
The Fractal Support and Resistance Indicator for MT5 is responsible for drawing multiple horizontal lines. These levels are calculated based on fractals, which means using local high and low points in given period. The support and resistance lines define the boundaries within which the price moves most of the time, however sooner or later a […]
Darvas Boxes NMC Indicator MT5
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 for MT5 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. Order Block Locator […]
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 […]
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 […]
Fibonacci Arc Indicator MT5
The Fibonacci Arc Indicator for MT5 plotts dynamic curved lines that traders can utilize as price channel or even as support/resistence levels. The formula behind this tool includes Fibonacci-based calculations. Let’s check some effective ways to introduce it to real trading – golden ratio strategies always provide interesting prospects. We’ll explore few approaches to find […]
ADR Indicator
The ADR (Average Daily Range) Indicator for MT5 is a dedicated tool that caculates and provides expected market range. These boundaries are defined directly on the trading chart and serve as a good reference points – you can think about them in terms of support and resistance levels. They can be very handy in taking […]
Simple ZZ Consolidation Zones Indicator
The Simple ZZ Consolidation Zones Indicator for MT5 is a technical indicator created with the aim of assisting traders in swiftly identifying compact market consolidation zones. These consolidation phases offer abundant trading opportunities to knowledgeable traders who can effectively identify consolidations and the indicator serves as a valuable tool in recognizing these favorable conditions. Free […]
VWAP Indicator
The WAP Indicator MT5 calculates the average price of a currency pair by taking into account the trading volume and is available to free download. It’s a tool used by traders to determine market volume and is represented by three lines on a chart. The VWAP acronym stands for Volume Weighted Average Price. Details of […]
