Category: Forex MT5 Indicators
MACD Color Candles Indicator MT5
The MACD Color Candles Indicator for MT5 is responsible for displaying colorful candlesticks that reflect bullish and bearish momentum based on readings from the famous Moving Average Convergence Divergence indicator. Thanks to received signals, traders get overview of the market momentum. There are often multiple consecutive candlesticks in the same direction, which can help capture […]
Instantaneous Trend Line Levels Indicator MT5
The Instantaneous Trend Line Levels Indicator for MT5 displays a colorful cloud as core element. Actually there are several variations of this gauge and each one has some distinct differences. This one in particual uses self-adjusting levels for signals filtering. Other versions often rely on the ITL slope for calculations, but in the result they […]
Trend Confirmation Index Indicator MT5
The Trend Confirmation Index Indicator for MT5 is able to calculate current condition of the market. Typically for oscillators it can provide areas of overbought (over 70) and oversold (below 30) price levels. Based on the data contained in the candlesticks, the indicator catches underlying properties like weak or strong trend and if it gains […]
Schaff Trend Cycle Adjustable Smoothing Indicator MT5
The Schaff Trend Cycle Adjustable Smoothing Indicator for MT5 is a classic gauge that comes in handy for determining direction of the trend by displaying a simple color-changing curve. Upon activation, you can see it placed within seperate window below the chart. When the price goes up, it corresponds to the green line. Similarly, when […]
SSD with Histogram Indicator MT5
The SSD With Histogram Indicator for MT5 is an oscillator that additionally displays green and red histo bars that respectively corresponds to bullish and bearish momentum. When there are readings contrary to general market bias, it suggests an potential pullback going on. Example chart: What do the lines of the ssd histogram indicator for mt5 […]
Double RSI Trading Signals Indicator MT5
The Double RSI Trading Signals Indicator for MT5, as the name suggests, is based on two Relative Strenght Indexes with various periods. The idea and goal for this combination is providing more accurate trading signals. Example chart: How to understand signals provided by the double rsi indicator for mt5? The entries and exits provided by […]
Vortex Trend Indicator MT5
The Vortex Trend Indicator for MT5 provides ideas regarding trend, namely its power and direction. It presents generated signals in the form of colorful bricks reflecting market bias. This is simple and user-friendly approach. Example chart: How to use the vortex trend indicator for mt5? Each brick of the vortex indicator corresponds to a single […]
