Category: Market Levels 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 […]
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
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 […]
Dynamic Balance Point Indicator
The Dynamic Balance Point Indicator for MetaTrader 5 calculates the dynamic balance point for the desired period. Even though it is a sort of a multi timeframe indicator, it calculates the balance point without the usual issues that multi timeframe indicators have: the recalculation. The balance point is calculated correctly for the current timeframe and […]
Support and Resistance Indicator
The Support and Resistance indicator for MT5 displays the support and resistance levels using the Fractals indicator. The calculation of support levels is based on the “Fractals down”, and the calculation of the resistance levels is based on the “Fractals up” of the Fractals indicator by Bill Williams. These levels are shown in the form […]