Category: Forex MT5 Indicators
Breakout Zones Indicator MT5
The Breakout Zones Indicator for MT5 scans the chart for specific zones with high-probability breakout potential, marked as pairs of horizontal lines. Each pair is tied to a defined time interval, so it only applies to that particular slice of price action. Once one pair expires, a new one takes its place. Example chart: How […]
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 […]
Averages Heatmap Indicator
The Averages Heatmap Indicator for MT5 is essentially a combination of multiple moving averages giving wide perspective on market situation. It can be successfully used for determining trend strenght and direction or even stop loss and take profit levels. When you activate the gauge, it will be displayed within own window placed below main trading […]
Double Stochastic With RSI Indicator
The Double Stochastic With RSI Indicator for MT5 is an interesting combination of these two popular oscillators that are by many considered the best reversal gauges. Its main principle is comparing previous and current values of the readings. The final calculations are pleasantly displayed on the charts with clear overbought and oversold areas. The idea […]
ATR Support/Resistance Levels Indicator
The ATR Support/Resistance Levels Indicator for MT5 uses, as the name suggests, the Average True Range to define three precise support and resistance levels on trading charts. The goal of this tool is identification of key areas at which there is high-probability of strong market reactions. Levels of higher importance explained The formula behind this […]
Karpenko Cloud Indicator MT5
The Karpenko Cloud Indicator for MT5 is trend gauge that displays colorful cloud directly on the trading chart. These greenish and pinkish formations refelct prevailing market trends. What’s more, these special formations allows to spot potential shifts in market-driving powers. Let’s see how to utilize them. How to use the karpenko cloud indicator for mt5? […]
Harmonic Pattern Finder Indicator
The Harmonic Pattern Finder Indicator for MT5 was created to scan through forex charts and detect various trading patterns with precision and engagment. For convenience, it quickly presents the findings directly on the chart. When it comes to these detections, it has pretty solid reliability. So let’s see why it’s worth your attention. Why harmonic […]
Two SMA Cross Indicator MT5
The Two SMA Cross Indicator for MT5 is, as the name suggests, a combination of two simple moving averages. They work together to generate clean buy and sell signals directly on trading chart along with colorful visual references. It can be effectively utilized in many ways, but mainly as trade entries and exit points provider […]
Fibonacci Arc Indicator MT5
The Fibonacci Arc Indicator for MT5 plotts dynamic curved lines that traders can utilize as price channel or even as support/resistence levels. The formula behind this tool includes Fibonacci-based calculations. Let’s check some effective ways to introduce it to real trading – golden ratio strategies always provide interesting prospects. We’ll explore few approaches to find […]
Breakout Bars Trend Indicator MT5
The Breakout Bars Trend Indicator for MT5 colors candlesticks directly on the chart. It gives you a quick visual read on trend momentum without cluttering your chart with extra lines. It works as an alternative to moving averages for identifying direction – built on a formula that combines linear reversal and iMovement calculations with breakout […]
