Category: Oscillator Indicators

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

The ADMIR indicator is a forex oscillator, that name means Average Directional Movement Index Rating. It reveals the ratio of the ADX lines of two indicators, Average Directional Movement Index along with the calculation periods conflicting by the listed value. Take a look at available settings: ADX Period – defines the period for the first […]

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 […]

PPMCC Indicator

The PPMCC shortcut means Pearson Product-Moment Correlation Coefficient (Pearson’s PCC). That tool displays the linear relation between the moving average values of two forex pairs with values ranging from -1 to +1. When the chart is above zero, a positive correlation is marked. Correlation is negative below zero. Zero indicates that there is no correlation. […]

RSI with RSI Indicator

The RSI with RSI Indicator for MT5 presents interesting approach, combining two instances of the classic relative strength index oscillator. Most of the regular rsi-based indicators uses just one source for the calculations, this tool takes a step further and leverages dual readings. By doing so, the indicator captures both short-term retracements and long-term trends. […]

RSI HTF Indicator MT5

The RSI HTF Indicator for MT5 is an interesting variation of the famous Relative Strength Index. This version provides signals in the form of colorful dots instead of the traditional oscillator line. The dots appear red in the lower section and green in the upper section, with the separation line at the 50 value level. […]