Category: Forex MT5 Indicators

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 […]

Blau Directional Trend Index Indicator

Introduction to the Blau Directional Trend Index Indicator The Blau Directional Trend Index Indicator is based on the technique first introduced by William Blau in his book “Momentum, Direction and Divergence” (1995). The author focuses on three key aspects of trading: momentum, direction and divergence. The Directional Trend Index is an indicator that works in […]

Linear Regression Sketcher Indicator

Introduction to the Linear Regression Sketcher Indicator The Linear Regression Sketcher Indicator is a variation of a standard Linear Regression indicator. There are differences, instead of showing just the liner regression value, that indicator is showing corresponding linear regression lines too. That way it indicates what is the best linear regression fit (and trend) at […]

Perfect Trend Line 2 Indicator

Introduction to the Perfect Trend Line 2 Indicator The Perfect Trend Line 2 Indicator is a variation of a popular “Perfect Trend Line Indicator”. This version is adding a sort of signals filtering which helps in cleaning up some false signals that take place in the original version. There are two types of signals provided […]

Bollinger Bands Stops HMA Based Indicator

Introduction to the Bollinger Bands Stops HMA Based Indicator The Bollinger Bands Stops HMA Based Indicator displays trend-defining bands placed either below the price or above the price. As the name suggests, that indicator uses Hull Moving Average (HMA) and Bollinger Bands Stops to calculate the signals. When the blue band below the price is […]