Category: Forex MT5 Indicators

Auto Trend Channel Indicator MT5

The Auto Trend Channel Indicator for MT5 analyzes price points and automatically draws trendlines that form a price channel. These trendlines act as dynamic support and resistance levels. Example chart: How to use the Auto Trend Channel Indicator for MetaTrader 5? The idea behind trading with the auto trend channel indicator is about how price […]

VWAP Close Indicator MT5

The VWAP Close Indicator for MT5 is based on the Volume Weighted Average Price and works in a very similar manner to the Moving Average indicator. Example chart: How to use VWAP Close Indicator for MT5? As you can see on the AUD/USD M5 chart, there is a single violet line. Traders should pay attention […]

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 […]