Category: Oscillator Indicators

Parabolic Weighted Velocity Indicator

The Parabolic Weighted Velocity Indicator works in a very similar manner to the Jurik Velocity. The difference is between Parabolic Weighted Moving Average and Linear Weighted Moving Average. This Parabolic Weighted Velocity extends the original indicator by allowing you to change the “power” of the calculated averages used for velocity calculation. The bigger the Power […]

RSI of Adaptive Moving Average Indicator

The RSI of Adaptive Moving Average Indicator for MT5 is, as the name suggests, a combination of Relative Strenght Index and Moving Average indicator. Simply speaking, it plots a smoothed line that follows price. The signal line is either green or orange. A green line indicates bullish trend-momentum, and conversely, an orange line reflects bearish […]

CCI Hull Indicator MT5

The CCI Hull Indicator for MT5 is, as the name suggests, a combination of Commodity Channel Index and Hull indicator. It displays a colorful line that follows price fluctuactions. Example chart: How to use the CCI Hull Indicator for MetaTrader 5? The main signal line of the CCI Hull indicator consists of two types of […]

MBFX Timing Indicator MT5

The MBFX Timing Indicator for MT5 is a forex oscillator providing the best time to enter and exit the market. The indicator was originally developed by Mustapha BELKHAYATE. The MBFX Timing is best used to identify price extremes and then time the potential turning points. The way it works is similar to the Relative Strength […]

Chartmill Value Indicator

The Chartmill Value indicator is a custom forex technical analysis tool, that was developed by Dirk Vandycke and first introduced in the Technical Analysis of Stocks & Commodities magazine in January, 2013. It portrays a standard deviation from the moving average indicator and has the potential of being added to any price series over any […]

PAIN Indicator MT5

The PAIN Indicator for MT5 is an oscillator responsible for showing the OHLC candlestick price ratio over a specified time period. The name of this tool basically means “PriceActionINdicator”. Example chart: How to use the PAIN Indicator for MetaTrader 5? The pain indicator allows determining a market sentiment, whenever it’s bullish or bearish. When the […]

Coppock Indicator

The Coppock indicator is a custom forex indicator that works like an oscillator recognizing market trends. That indicator was first introduced by Edwin Sedgwick Coppock in 1962. He published the formula for calculating the Coppock indicator in the Barron’s Magazine. The formula used in calculating the Coppock does not take into consideration a bearish market […]

Price Cycle Indicator

The Price Cycle (PC) indicator is a custom forex oscillator that is used by traders to reveal market cycles in the short and long term periods. A market cycle is defined by series of repeated patterns and that gauge does pretty well in spotting such patterns. You can customize these inputs below: Period – defines […]

ADMIR Indicator MT5

The ADMIR Indicator for MT5 is a forex oscillator whose name stands for Average Directional Movement Index Rating. It calculates the ratio between the ADX values of two Average Directional Movement Index indicators with different time periods. Example chart: How to use the ADMIR indicator for MetaTrader 5? The price is considered to be bullish […]

Percent Difference Oscillator Indicator

The Percent Difference Oscillator (PDO) indicator is, as the name suggests, an oscillator that shows the difference between the moving average and the current close price. Results are provided as the percent of the moving average (above or below the MA). The formula for the Percent Difference Oscillator indicator is the following: PDO = 100*(Close […]