Category: Forex MT5 Indicators
Wajdyss Ichimoku Candle Alert Indicator
The Wajdyss Ichimoku Candle Alert Indicator uses Ichimoku Kinko Hyo to calculate its values. That indicator colorize candlesticks according to the trend-momentum – the blueish candles indicate bullish market momentum, and the redish candles reflect bearish market momentum.
RSI of Adaptive Moving Average Indicator
The RSI of Adaptive Moving Average Indicator for MT5 is, as the name suggests, a combination of Relative Strenght Index and Moving Average indicator. Simply speaking, it plots a smoothed line that follows price. The signal line is either green or orange. A green line indicates bullish trend-momentum, and conversely, an orange line reflects bearish […]
CCI Hull Indicator MT5
The CCI Hull Indicator for MT5 is, as the name suggests, a combination of Commodity Channel Index and Hull indicator. It displays a colorful line that follows price fluctuactions. Example chart: How to use the CCI Hull Indicator for MetaTrader 5? The main signal line of the CCI Hull indicator consists of two types of […]
Channel on Parabolic Indicator
The Channel on Parabolic Indicator for MT5 combines a price channel and Parabolic Sar indicator into one trading tool. Granted that the price constantly moves within channel bands, a trader should look for buy trade opportunities when the price hits red bands and the entry is confirmed with Parabolic Sar dots to switch location from […]
Forex Off Trend Indicator
The Forex Off Trend Indicator is a trend-following tool and its signals are presented in a form of the cloud. When the cloud is green, the trend momentum is considered to be bullish and traders should take buy opportunities. Conversely, when the cloud is pink, the trend momentum is considered to be bearish and traders […]
MACD 2 Line Indicator MT5
The MACD 2 Line Indicator for MT5 is an enhanced version of this classic momentum indicator and it has two lines that form a cloud. This change makes it easier to visualize crossovers that reflect potential short-term trend reversals. Example chart: How to use the macd 2 line indicator for mt5? The macd 2 line […]
3X Parabolic Regression Indicator
The 3X Parabolic Regression Indicator draws two linear trend channels calculated on the standard deviation (with different periods) and a single curvilinear trend channel calculated on a parabolic regression. How to apply 3X Parabolic Regression in trading? As we mentioned at the beginning of this article, the 3X Parabolic Regression Indicator consists of three channels. […]
Supertrend Indicator MT5
The Supertrend Indicator for MT5 is a high-demand forex trading tool designed to identify market trends with precision. It answers key trading questions such as the current trend direction and when a trend begins or ends. It’s a reliable indicator that suits both beginners and advanced traders. Example chart: How to use the Supertrend Indicator […]
Adaptive Renko CLD Indicator
The Adaptive Renko CLD Indicator is a forex trend-following indicator using the Renko indicator included in its formula. It consists of two elements: an upward/downward band and a cloud. It does a really good job at recognizing trend-momentum, and obviously, it works best during strong market swings. How to use the Adaptive Renko CLD in […]
VWAP Bands Indicator
The VWAP Bands Indicator for MetaTrader 5 is similar to the Bollinger Bands, but to calculate its values it uses Volume-Weighted Average as the central value of the bands. Additionally, you can choose an option to use the tick volume or real volume for calculation (only in the case, if the symbol and the broker […]
