Category: Forex MT5 Indicators
Heiken Ashi Indicator
The Heiken Ashi Indicator for MT5 is an alternative approach to displaying price candlesticks. While the most traders are familiar with so-called japanese candlesticks, the heiken ashi utilizes different formula with the goal to reflect trends better. These bars usually have longer wicks and are filled with blue and red colors – they respectively corresponds […]
RSI Candles Smoothed Indicator MT5
The RSI Candles Smoothed Indicator for MT5 is a combination of four RSI values (RSI of High, Low, Open and Close) displayed as candles in a sub-window below the main trading chart. This version has an additional options to enable prices pre-smoothing prior to be used in a calculation, which makes it an RSI-of-MA combination. […]
Ehlers IFT of Smoothed RSI Indicator MT5
The Ehlers IFT of Smoothed RSI Indicator for MT5 displays an dynamic channel with highlighted areas of overbought and oversold readings. As the name suggests, this is a sophisticated combination of Inverse Fisher Transformation and Relative Strenght Index. By default, its automatically adjusting to fluctuactions, but if you prefer fixed scale, change the floating levels […]
RSI with RSI Indicator MT5
The RSI with RSI Indicator for MT5 presents interesting approach, combining two instances of the classic relative strength index oscillator. Most of the regular rsi-based indicators uses just one source for the calculations, this tool takes a step further and leverages dual readings. By doing so, the indicator captures both short-term retracements and long-term trends. […]
RSI HTF Indicator MT5
The RSI HTF Indicator for MT5 is an interesting variation of the famous Relative Strength Index. This version provides signals in the form of colorful dots instead of the traditional oscillator line. The dots appear red in the lower section and green in the upper section, with the separation line at the 50 value level. […]
CCI of EMA Indicator MT5
The CCI of EMA Indicator for MT5 displays an oscillator line which takes additional colors after reaching overbought or oversold zones. Essentially, this is a hybrid technical analysis tool that blends the Commodity Channel Index with an Exponential Moving Average. Example chart: How does the cci of ema indicator for mt5 work? Normally, the CCI […]
Double Smoothed Stochastic Indicator MT5
The Double Smoothed Stochastic Indicator for MT5 displays long-term stochastic line with highlighted extreme areas using colorful fillings. This allows traders to see the market with less noise and let them prepare for potential reversal trades. Example chart: How to use the double smoothed stochastic indicator for mt5? Once the indicator is activated, it shows […]
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 […]
