Category: Momentum Indicators
MACD Parabolic SAR Indicator

The MACD Parabolic SAR Indicator is, as the name suggests, a combination of Moving Average Convergence Divergence and Parabolic SAR. Both forex indicators are well-known and appreciated by traders around the world. Making a single forex indicator out of these two results in a highly-effective trading tool. How to apply the MACD Parabolic SAR in […]
SRange Contraction Indicator

The SRange Contraction indicator calculates the ratio between today’s and the previous day’s ranges and displays these values. When the previous day’s range is tighter than the day before, this could suggest a potential explosive momentum today according to Toby Crabel. An alert pointer (red dot) gets marked along with the narrow range points (under […]
Intraday Momentum Index Indicator

The Intraday Momentum Index indicator is an oscillator the measures the ratio between the directed change in price and the total change in the prices over a given period of time. There are some settings to define: Period – defines the period deployed in the calculation: Overbought – defines the overbought level; Oversold – defines […]
Glitch Index Indicator

The Glitch Index indicator is a custom forex histogram indicator that shows the index of the price deviation from its average value. That gauge was first introduced in the February edition of Active Trader Magazine in the year 2004. Since then, it has continued to gain popularity and support within the MT5 traders community. These […]
RSI Divergence Candles Indicator

The RSI Divergence Candles Indicator for MT5 is a momentum oscillator that measures the speed and change of price movements. The signals are shown in the form of candles that are colored differently in a manner that gives traders plenty of information about market trends and their directions. The foundation for that indicator is the […]
MACD Color Candles Indicator

The MACD Color Candles Indicator for MT5 displays, as the name suggests, a colorized bars reflecting bullish and bearish momentum based on readings provided by the famous moving average convergence/divergence. The signals are pretty smooth, thus you can often spots multiple sequential candlesticks in given direction catching significant move and potential profit. Example chart: Understanding […]