Category: Oscillator Indicators

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 MT5

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. […]

CCI of EMA Indicator MT5

The CCI of EMA Indicator for MT5 displays an oscillator line which takes additional colors after reaching overbought or oversold zones. Essentially, this is a hybrid technical analysis tool that blends the Commodity Channel Index with an Exponential Moving Average. Example chart: How does the cci of ema indicator for mt5 work? Normally, the CCI […]

Double Smoothed Stochastic Indicator MT5

The Double Smoothed Stochastic Indicator for MT5 displays long-term stochastic line with highlighted extreme areas using colorful fillings. This allows traders to see the market with less noise and let them prepare for potential reversal trades. Example chart: How to use the double smoothed stochastic indicator for mt5? Once the indicator is activated, it shows […]

Trend Confirmation Index Indicator MT5

The Trend Confirmation Index Indicator for MT5 is able to calculate current condition of the market. Typically for oscillators it can provide areas of overbought (over 70) and oversold (below 30) price levels. Based on the data contained in the candlesticks, the indicator catches underlying properties like weak or strong trend and if it gains […]

Schaff Trend Cycle Adjustable Smoothing Indicator MT5

The Schaff Trend Cycle Adjustable Smoothing Indicator for MT5 is a classic gauge that comes in handy for determining direction of the trend by displaying a simple color-changing curve. Upon activation, you can see it placed within seperate window below the chart. When the price goes up, it corresponds to the green line. Similarly, when […]

SSD with Histogram Indicator MT5

The SSD With Histogram Indicator for MT5 is an oscillator that additionally displays green and red histo bars that respectively corresponds to bullish and bearish momentum. When there are readings contrary to general market bias, it suggests an potential pullback going on. Example chart: What do the lines of the ssd histogram indicator for mt5 […]

Double RSI Trading Signals Indicator MT5

The Double RSI Trading Signals Indicator for MT5, as the name suggests, is based on two Relative Strenght Indexes with various periods. The idea and goal for this combination is providing more accurate trading signals. Example chart: How to understand signals provided by the double rsi indicator for mt5? The entries and exits provided by […]