Category: Forex MT5 Indicators
AO Divergence Indicator MT5
The AO Divergence Indicator for MT5 automatically recognizes divergences between price and Awesome Oscillator indicator. When the signal is spotted, it plots a buy/sell arrow accordingly. Therefore, trading with the AO Divergence Indicator becomes really easy. How to use the AO Divergence Indicator for MetaTrader 5? The AO Divergence Indicator saves a trader from the […]
C-Parabolic Sar Indicator MT5
The C-Parabolic Sar Indicator for MT5 is an variation of the standard Parabolic Sar indicator. The difference between these two gauges is in the color of dots. In the case of the C-Parabolic Sar indicator, the dots are getting brighter along with ongoing price movement. As a general rule, when the dots get bright, you […]
Blau Directional Trend Index Indicator
The Blau Directional Trend Index Indicator is based on the technique first introduced by William Blau in his book “Momentum, Direction and Divergence” (1995). The author focuses on three key aspects of trading: momentum, direction and divergence. The Directional Trend Index is an indicator that works in a similar manner to the DM+, which is […]
Linear Regression Sketcher Indicator MT5
The Linear Regression Sketcher Indicator for MT5 is an enhanced version of this tool with main difference being the inclusion of additional lines. They are provided on charts in order to reflect direction at a specific time and price. In the results, forex traders can use both the regression final output and its rate of […]
Perfect Trend Line 2 Indicator
The Perfect Trend Line 2 Indicator is a variation of a popular “Perfect Trend Line Indicator”. This version is adding a sort of signals filtering which helps in cleaning up some false signals that take place in the original version. There are two types of signals provided by the Perfect Trend Line indicator. First is […]
Bollinger Bands Stops HMA Based Indicator
The Bollinger Bands Stops HMA Based Indicator displays trend-defining bands placed either below the price or above the price. As the name suggests, that indicator uses Hull Moving Average (HMA) and Bollinger Bands Stops to calculate the signals. When the blue band below the price is placed, it means that the trend-momentum is considered bullish. […]
Dynamic Balance Point Indicator
The Dynamic Balance Point Indicator for MetaTrader 5 calculates the dynamic balance point for the desired period. Even though it is a sort of a multi timeframe indicator, it calculates the balance point without the usual issues that multi timeframe indicators have: the recalculation. The balance point is calculated correctly for the current timeframe and […]
MACD Flat Trend Indicator MT5
The MACD Flat Trend Indicator for MT5 helps to recognize whenever the market is in an uptrend, downtrend or being flat (sideways). Example chart: How to use the MACD Flat Trend Indicator for MT5? Once activated, the indicator plots green, red, or gray bricks by comparing the MACD line, signal line, and zero level. Green […]
Stochastic of Hull Average Indicator
The Stochastic of Hull Average Indicator is, as the name suggests, a combination of Stochastic Oscillator and Hull indicator. The Hull period is set to 32, and the Stochastic period is also set to 32. As you can see, the signal line is either blue or pink. A blue line indicates bullish trend-momentum, and conversely, […]
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 […]
