Category: Forex MT5 Indicators
ADMIR Indicator MT5
The ADMIR Indicator for MT5 is a forex oscillator whose name stands for Average Directional Movement Index Rating. It calculates the ratio between the ADX values of two Average Directional Movement Index indicators with different time periods. Example chart: How to use the ADMIR indicator for MetaTrader 5? The price is considered to be bullish […]
Percent Difference Oscillator Indicator
The Percent Difference Oscillator (PDO) indicator is, as the name suggests, an oscillator that shows the difference between the moving average and the current close price. Results are provided as the percent of the moving average (above or below the MA). The formula for the Percent Difference Oscillator indicator is the following: PDO = 100*(Close […]
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 […]
