Category: Forex MT5 Indicators
RSI Divergence Candles Indicator
The RSI Divergence Candles Indicator for MT5 is a momentum oscillator that measures the speed and change of price movements. The signals are shown in the form of candles that are colored differently in a manner that gives traders plenty of information about market trends and their directions. The foundation for that indicator is the […]
Trend Strength Indicator MT5
The Trend Strength indicator for MT5 uses custom calculations based on the Relative Strength Index to determine the direction of the trend. What’s more, provided signals give overview of the momentum as well. Example chart: Anatomy of the trend strength indicator for mt5 Essentialy, the trend strength indicator consists of three lines: gray Smoothed RSI, […]
Automatic Trendline Indicator
The Automatic Trendline indicator, as the name suggests, draws trendlines on the chart automatically. This indicator has six inputs. Users can specify alternative labels for both lines. If multiple instances of the indicator are used, the labels must differ. One can set the width and color of the lines and depth which specifies what significant […]
Precision Trend Indicator MT5
The Precision Trend Indicator for MT5 recognizes the trend direction and overlaps default candles to corresponding colors (lime/orange). The signals provided by that tool are really easy to read – you can use it for standalone scalping, swing trading, and reversals. What’s more, this is a NON REPAINT indicator, so you can backtest it and […]
ADX VMA Trend Indicator MT5
The ADX VMA Trend Indicator for MT5 displays smoothed readings regarding market trends. As the name suggests, its formula is based on the combination of custom moving average and average directional movement index. An important fact is that the signals are not repainting. Example chart: How to use the adx vma trend indicator for mt5? […]
RSI with Fibonacci Auto Channel Indicator MT5
The RSI with Fibonacci Auto Channel Indicator for MT5 combines multiple technical elements, including trend direction, oscillators, and channel bands, into a single comprehensive indicator. It provides a holistic view of the market, also providing potential entry and exit points for traders. Example chart: How to use the rsi with fibonacci auto channel indicator for […]
Currency Strength Meter Indicator
The Currency Strength Meter indicator shows which currencies are trading STRONG against the WEAK currencies! The indicator is displayed in a separate window placed just below the main trading chart, and it provides the strength momentum of the 8 major currencies: EUR GBP AUD NZD CAD CHF JPY The indicator is based on the mathematical […]
Support and Resistance Indicator
The Support and Resistance indicator for MT5 displays the support and resistance levels using the Fractals indicator. The calculation of support levels is based on the “Fractals down”, and the calculation of the resistance levels is based on the “Fractals up” of the Fractals indicator by Bill Williams. These levels are shown in the form […]
Heiken Ashi Smoothed Indicator MT5
The Heiken Ashi Smoothed Indicator for MT5 help to recognize trend in a clean manner. In comparison to the regular heiken ashi candles, this variation incorporates several improvements, resulting in solid and accurate signals in the output. It works even better regarding noise reduction, thus forex traders get clearer overview on the market situation. Example […]
PPMCC Indicator
The PPMCC shortcut means Pearson Product-Moment Correlation Coefficient (Pearson’s PCC). That tool displays the linear relation between the moving average values of two forex pairs with values ranging from -1 to +1. When the chart is above zero, a positive correlation is marked. Correlation is negative below zero. Zero indicates that there is no correlation. […]
