Category: Forex MT5 Indicators
QQE Histogram Indicator MT5
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 MT5
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. Example chart: 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 […]
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 […]
Bollinger Bands Color Indicator
The Bollinger Bands Color Indicator for MT5 not only helps to understand ongoing market volatility, but also marks different setups with distinct colors. Forex traders equipped with such readings, can act faster regarding bearish, bullish opportunities and also know when there is a neutral movement. Example chart: Understanding readings of the bollinger bands color indicator […]
Market Sessions Indicator
The Market Sessions Indicator for MT5 displays separate forex trading sessions and it’s available to free download. What’s more, it also shows the maximum and minimum prices of the preceding market session. Trading conditions are more favorable during certain sessions, which are marked by higher market liquidity. Understanding market sessions As you can see, that […]
Candle Time And Spread Indicator
The Candle Time And Spread Indicator is a useful informational tool that displays the time left to the bar end and the current spread in real-time. It is a great supplementary gauge in a trading endeavor. Example charts Check charts of the Candle Time And Spread Indicator in action. Settings There are available settings: the […]
