Introduction to the RSI (Var) Hull of Hull Indicator Before we start explaining the RSI (Var) Hull of Hull Indicator, you should know that the Relative Strenght Index (RSI) uses for its calculations something called Wilders EMA. Replacing that Moving Average with some other type results in a totally different version of RSI comparing the…
Category: Forex MT5 Indicators
The best MT5 indicators are waiting for you. Take your trading to next level and explore the industry’s top MT5 indicators. And the best part? All these MT5 indicators are free to download.
Trix Candles with Keltner Channel Indicator
Introduction to the Trix Candles with Keltner Channel Indicator The Trix Candles with Keltner Channel Indicator is, as the name suggests, a combination of Trix Candles and Keltner Channel. It uses the 4 Trix (Triple Exponential Moving Averages Oscillator) with values of open, close, high, and low to construct candles of this indicator. That forex…
Renko Chart Indicator
Introduction to the Renko Chart Indicator The Renko Chart Indicator draws, instead of candles, bricks or boxes that are all of the same size. These bricks are based on the price movement while ignoring the time factor. It means that no matter of active timeframe, the Renko Chart looks always the same. The Renko Chart…
JMA Keltner Channel Indicator
Introduction to the JMA Keltner Channel Indicator The JMA Keltner Channel Indicator is a variation of the standard Keltner Channel indicator, but this one is based on Jurik Moving Average. The Keltner Channel is usually calculated as SMA (Simple Moving Average) +- ATR distance for the bands. Since SMA is the slowest moving average, that…
WPR Histogram Vol Indicator
Introduction to the WPR Histogram VolIndicator The WPR Histogram Vol Indicator is, as the name suggests, a forex volume indicator based on Williams Percentage Rate. It is developed on the following formula: WPR Histogram Vol = ( WPR + 50) * Volume. For quite understandable reasons, the recalculation of overbought and oversold levels in such…
Keltner Channel Indicator
Introduction to the Keltner Channel Indicator The Keltner Channel Indicator is named after Chester Keltner who first introduced his indicator in his 1960 book “How to make money in Commodities“. The original indicator was based on the 10-period moving average, and this one can be set to both simple moving average and exponential moving average.…
Auto Trend Channel Indicator
Introduction to the Auto Trend Channel Indicator The Auto Trend Channel Indicator automatically draws two trendlines that together make a price channel and these trendlines work as dynamic support and resistance levels. A green trendline is a resistance level and when the price rejects it, one should open a sell trade. Similarly, a red trendline…
VWAP Close Indicator
Introduction to the VWAP Close Indicator The VWAP Close Indicator is based on the Volume Weighted Average Price (VWAP) and works in a very similar manner to the Moving Average indicator. A trader should pay attention to the slope of the VWAP Close indicator and trade accordingly. The VWAP Close Indicator fits all kinds of…
AO Divergence Indicator
Introduction to the AO Divergence Indicator The AO Divergence Indicator automatically recognizes divergences between price and Awesome Oscillator indicator. When the signal is spotted, it plots a buy/sell arrow accordingly. Therefore, trading with the AO Divergence Indicator becomes really easy. The AO Divergence Indicator fits all kinds of timeframes and currency pairs. It is displayed…
C-Parabolic Sar Indicator
Introduction to the C-Parabolic Sar Indicator The C-Parabolic Sar Indicator is an variation of the standard Parabolic Sar indicator. The difference between these two gauges is in the color of dots. In the case of the C-Parabolic Sar indicator, the dots are getting brighter along with ongoing price movement. As a general rule, when the…
