Category: Oscillator Indicators

Pain Indicator

The Pain indicator is a custom forex indicator that shows the OHLC candlestick price ratio over a specified time period. This is an oscillator. It’s good to be aligned with customizable inputs, which are the following: Period – defines the period deployed in the calculation; Method – defines the method used for the calculation. 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 is, as the name suggests, a combination of two instances of the same classic oscillator. The author, Peter Konner shares that the formula is based on various calculations of both Relative Strenght Indexes. He designed this tool to account different periods in order to allow trading retracements as […]

RSI HTF Indicator

The RSI HTF Indicator for MT5 is an interesting variation of famous Relative Strenght Index. This version provides signals in the form of colorful dots instead traditional oscillator line. Essentially these points placed in the lower part are reddish and in the upper part are greenish. The seperation line is 50 value level. Example chart: […]

CCI of EMA Indicator

The CCI of EMA Indicator for MT5 is a variation of this classic oscillator and it’s essentially a combination of two gauges. According to author the standard commodity channel index tends to provide too many false signals. In order to reduce them, he developed this particular tool. Improved CCI signals Based on observations where levels-crossing […]

Double Smoothed Stochastic Indicator

The Double Smoothed Stochastic Indicator for MT5 aims to generate (as the name suggests) more reliable and less volatile signals. In fact, it’s based on formula that involves exponential moving average (EMA). What’s more, the smoothing methods additionally available are SMA, SMMA, LWMA. All these combinations results is is less nervous stochastic line and it […]