Category: Forex MT5 Indicators
MACD Parabolic SAR Indicator
The MACD Parabolic SAR Indicator is, as the name suggests, a combination of Moving Average Convergence Divergence and Parabolic SAR. Both forex indicators are well-known and appreciated by traders around the world. Making a single forex indicator out of these two results in a highly-effective trading tool. How to apply the MACD Parabolic SAR in […]
MBFX Timing Indicator MT5
The MBFX Timing Indicator for MT5 is a forex oscillator providing the best time to enter and exit the market. The indicator was originally developed by Mustapha BELKHAYATE. The MBFX Timing is best used to identify price extremes and then time the potential turning points. The way it works is similar to the Relative Strength […]
Chartmill Value Indicator
The Chartmill Value indicator is a custom forex technical analysis tool, that was developed by Dirk Vandycke and first introduced in the Technical Analysis of Stocks & Commodities magazine in January, 2013. It portrays a standard deviation from the moving average indicator and has the potential of being added to any price series over any […]
SRange Contraction Indicator
The SRange Contraction indicator calculates the ratio between today’s and the previous day’s ranges and displays these values. When the previous day’s range is tighter than the day before, this could suggest a potential explosive momentum today according to Toby Crabel. An alert pointer (red dot) gets marked along with the narrow range points (under […]
Intraday Momentum Index Indicator
The Intraday Momentum Index indicator is an oscillator the measures the ratio between the directed change in price and the total change in the prices over a given period of time. There are some settings to define: Period – defines the period deployed in the calculation: Overbought – defines the overbought level; Oversold – defines […]
PAIN Indicator MT5
The PAIN Indicator for MT5 is an oscillator responsible for showing the OHLC candlestick price ratio over a specified time period. The name of this tool basically means “PriceActionINdicator”. Example chart: How to use the PAIN Indicator for MetaTrader 5? The pain indicator allows determining a market sentiment, whenever it’s bullish or bearish. When the […]
Gann High Low Activator SSL Alert Indicator
The Gann High Low Activator SSL Alert indicator is based on the original Gann Hi-Lo Activator SSL, but this one was rewritten in MQL5. Another change is that the original indicator was single color, that is why for the more visual definition of the trend direction it was necessary to make it color. The signal […]
Super Trend Hull Indicator MT5
The Super Trend Hull Indicator for MT5 is a combination of two popular forex indicators. Just like the standard super trend, it still displays signals as a single-sided colored band on the chart. The enhancement lies in its use of the hull formula, which refines the signal calculation for smoother and more responsive trend detection. […]
RSI Divergence Indicator
The name of the RSI Divergence indicator seeks for Relative Strenght Index divergences and displays them both within indicators window and on the activity chart in conjunction with buy/sell arrows. There are multiple customizable input settings, including: Period – defines calculation period; Applied price – defines price calculation method; Overbought – defines overbought level; Oversold […]
KAMA Indicator
The name of the KAMA Indicator for MT5 stands for the Kaufman Adaptive Moving Average. The author of that indicator Perry J. Kaufman, first introduced that concept in his book titled Smarter Trading: Improving Performance in Changing Markets in the year 1995. This is a variation of the adaptive moving average, which is built on […]
