Category: Forex MT5 Indicators
Nduet Semaphore Trend Momentum Indicator
The Nduet Semaphore Trend Momentum Indicator for MT5 is actually a combination of two Moving Averages and the Semaphore gauge. The goal of the moving averages is to determine the trend’s direction and the Semaphore alert indicator serves as identificator of the momentum. Let’s check if this combo is really useful. Trading with the trend […]
ADR Indicator
The ADR (Average Daily Range) Indicator for MT5 is a dedicated tool that caculates and provides expected market range. These boundaries are defined directly on the trading chart and serve as a good reference points – you can think about them in terms of support and resistance levels. They can be very handy in taking […]
SSL Channel Chart Indicator
The SSL Channel Chart Indicator for MT5 combines moving averages to generate trading signals. The acronym SSL stands for Semaphore Signal Level, and it offers visual indications for buy/sell signals. It presents signals for both bullish and bearish trends when the lines cross. After installation and activation your chart should look like this. In essence, […]
QQE Histogram Indicator
The QQE Histogram Indicator for MT5 is an enhanced version of the QQE technical indicator, but it has several interesting features added. This tool introduces discontinued signal line levels to provide more insights into the trend. What’s more, it also includes color-changing histogram bars that correspond to these mentioned levels. As always, free download is […]
Pattern Recognition Indicator
The Pattern Recognition Indicator for MT5 is forex tool designed to detect and display candlestick patterns on your charts as soon as they emerge. This indicator is specifically developed to automatically identify and highlight candlestick patterns in real-time on your trading charts. When it’s activated, your chart should look more less like this. How does […]
Keltner Channel Oscillator Indicator
The Keltner Channel Oscillator Indicator for MT5 is a revised verison of this popular gauge but this one is dedicated specially for recognition of channel breakouts. It simplifies the process and provides easy visual clues for this particular setup. Other than that, it’s basically the vary same tool, but let’s analyze it more details. This […]
Simple ZZ Consolidation Zones Indicator
The Simple ZZ Consolidation Zones Indicator for MT5 is a technical indicator created with the aim of assisting traders in swiftly identifying compact market consolidation zones. These consolidation phases offer abundant trading opportunities to knowledgeable traders who can effectively identify consolidations and the indicator serves as a valuable tool in recognizing these favorable conditions. Free […]
Hikkake Pattern Indicator
The Hikkake Pattern Indicator for MT5, alternatively known as the Inside Day False Breakout, is a trading strategy centered around deceptive breakouts. Free download is available. The MQL5 code of the indicator originated from an article written by Dan Chesler and published in April 2004 in Active Trader Magazine, titled “Trading False Moves with the […]
QQE Indicator
The QQE Indicator for MT5 provides bullish, bearish and neutral momentum readings. Behind the scenes, its calculations are based on the relative strength index, thus it also has oscillator’ features. The best thing about this tool is that it actually has no lag in provided signals. Example chart: How does the qqe indicator work? After […]
VWAP Indicator
The WAP Indicator MT5 calculates the average price of a currency pair by taking into account the trading volume and is available to free download. It’s a tool used by traders to determine market volume and is represented by three lines on a chart. The VWAP acronym stands for Volume Weighted Average Price. Details of […]
