Category: Forex MT5 Indicators
Bheurekso Pattern Indicator MT5
The Bheurekso Pattern Indicator for MT5 scans the chart for candlestick formations, including bullish/bearish harami, bull/bear cross, dark cloud cover and bullish piercing patterns. Example chart: How to use the Bheurekso Pattern Indicator for MT5? When one of these patterns forms, the Bheurekso Indicator marks it with an upward or downward arrow. It also plots […]
Ultimate Arrows Indicator MT5
The Ultimate Arrows Indicator for MT5 marks potential buy and sell opportunities directly on the chart with colored arrows. Green color represents bullish opportunities and pink suggests bearish opportunities. Its performance varies depending on market conditions. Thanks to the simplicity of generated signals, it’s a good fit for beginners traders. Also, one can customize options […]
Buy Sell Indicator MT5
The Buy Sell Indicator for MT5 displays small trailing dots and square signal markers in order to guide traders on trend direction and potential entry points. It looks like the Parabolic SAR indicator. This is a good choice for forex traders (especially scalpers) looking to eliminate chart clutter and focus on clear identification of market […]
Linear Regression Channel Indicator MT5
The Linear Regression Channel Indicator for MT5 plots five sloped lines that together form a channel, calculated from the maximum price deviation over a set period. The outer lines mark the channel’s boundaries and act as support and resistance, while the slope of the channel shows the overall trend direction. By default, the indicator looks […]
Fractal Support and Resistance Indicator MT5
The Fractal Support and Resistance Indicator for MT5 is responsible for drawing multiple horizontal lines. These levels are calculated based on fractals, which means using local high and low points in given period. The support and resistance lines define the boundaries within which the price moves most of the time, however sooner or later a […]
Darvas Boxes NMC Indicator MT5
The Darvas Boxes NMC Indicator for MT5 draws squares and rectangles on activity chart. These shapes have special meaning as their right edges act as potential trade entry points. What’s more, the formula behind this tool allowed its creator to amass a considerable fortune. A little bit of historical background Nicolas Darvas developed his unique […]
Order Block Locator Indicator MT5
The Order Block Locator Indicator for MT5 identifies buy and sell zones by spotting points of price exhaustion. These zones, known as order blocks, mark areas where large orders were likely executed by major market participants like banks, hedge funds and other financial institutions. Example chart: How to use the Order Block Locator Indicator for […]
Chandelier Exit Cloud Indicator MT5
The Chandelier Exit Cloud Indicator for MT5 performs analysis of price movements and in the result provides specific trend display. Essentially, this guage shows signals in the form of a colorful cloud. To be precise, there are green and pink formations that correspond to bullish and bearish market bias. This can be utilized in several […]
Breakout Zones Indicator
Goal of the Breakout Zones Indicator for MT5 is scanning charts for the special zones with high-probability opportunities. These levels are displayed in the form of two horizontal lines serving as reference points for the potential trades. What’s more, they are both based on specific time interval, thus apply only for a specific slice of […]
Prevailing Trend Indicator MT5
The Prevailing Trend Indicator for MT5 simply reflects the current trend by two distinct lines. These so-called components and their setup has specific meaning, namely red one suggests bearish scenario, while the green one corresponds to bullish market. The trade signals occurs when they cross each other. Example chart: How to use the prevailing trend […]
