Category: Forex MT5 Indicators
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 […]
Keltner Channel Smooth ATR Indicator MT5
The Keltner Channel Smooth ATR Indicator for MT5 plots a volatility-based envelope around a central moving average. It uses a smoothed ATR calculation to set the distance between the bands and the centerline. Example chart: How to use the Keltner Channel Smooth ATR Indicator for MT5? The Keltner Channel Smooth ATR Indicator MT5 shades the […]
Blue Renko Bars Indicator
The Blue Renko Bars Indicator displays, as the name suggests, Renko Candlesticks colorized to blue color. The default size of each brick is 10 pips. Remember that Renko Chart works in a different way than standard Japanese Candlesticks Charts. In the case of Renko, the candlesticks are based on the price movement, not on the […]
Standard Deviation Channels X3 Cloud Indicator
The name of the Standard Deviation Channels X3 Cloud Indicator for MT5 pretty much defines what it is. It plots a channel (with three extensions to top and bottom) based on the Standard Deviation indicator. The violet trendline is a middle line of the channel. First, check the slope of the channel whenever it’s upward […]
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 […]
