Category: Forex MT5 Indicators

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 MT5

The KAMA Indicator for MT5 is a moving average that adapts to market conditions. It reacts faster when the market is trending. It slows down when the market is choppy or moving sideways. Example chart: How to use the KAMA Indicator for MT5? As a rule of thumb – price staying above the KAMA line […]

Candle Ratio Indicator

The Candle Ratio indicator measures the ratio that exists between the bullish and bearish candlesticks over the defined period of time. It consists of two lines which are colorized red (smoother line) and green (sensitive line). The default indicator settings can be modified directly from the input tab. Feel free to experiment with the settings […]

Point of Balance (POB) Indicator

The Point of Balance (POB) indicator lays a triple line channel that serves as the current trend revealer. The price and candlestick move above/below that channel. It consists of three lines: the red and green lines are aligned to the upper outer and lower outer boundaries of the channel respectively, while the blue line stays […]

Synthetic VIX Indicator MT5

The Synthetic VIX Indicator for MT5 is responsible for evaluating market volatility and it tells traders if its increasing or decreasing over time. This is an oscillator so it displays its signals in a fluctuating waveform. The data it provides is especially useful in low-liquidity and sideways markets, where most tools often struggle with noise […]

Coppock Indicator

The Coppock indicator is a custom forex indicator that works like an oscillator recognizing market trends. That indicator was first introduced by Edwin Sedgwick Coppock in 1962. He published the formula for calculating the Coppock indicator in the Barron’s Magazine. The formula used in calculating the Coppock does not take into consideration a bearish market […]

Mass Index Indicator

The Mass Index (MI) indicator is used as an accurate trading tool to pinpoint trend reversals as they occur on the chart. That forex indicator is built around the changes between the highest and the lowest prices. These are the adjustable settings: First smoothing period – defines the opening smoothing period; Second smoothing period – […]