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 MT5
The ADR (Average Daily Range) Indicator for MT5 calculates the expected daily price range and plots it directly on your chart. Think of these boundaries as support and resistance levels, useful reference points for spotting breakout and trend reversal opportunities. Example chart: How to use the ADR Indicator for MetaTrader 5? The indicator tracks the […]
SSL Channel Chart Indicator MT5
The SSL Channel Chart Indicator for MT5 is a trend-following tool that helps you identify the direction of short-term momentum. It plots two lines based on a modified set of moving averages, with the space between them shaded to show trend direction. Example chart: How to use the SSL Channel Chart Indicator for MT5? The […]
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 MT5
The Pattern Recognition Indicator for MT5 automatically detects and highlights candlestick patterns on your chart as soon as they form. It places specific labels above or below the candles to mark each pattern. Example chart: How to use the Pattern Recognition Indicator for MT5? The indicator is capable of recognizing several candlestick patterns, including: shooting […]
Keltner Channel Oscillator Indicator MT5
The Keltner Channel Oscillator Indicator for MT5 takes the standard Keltner Channel concept and turns it into an oscillator. This makes breakouts easier to spot at a glance, instead of reading the channel directly on price. Example chart: How to use the Keltner Channel Oscillator Indicator for MT5? As you can see on the AUD/USD […]
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 is used in the strategy called Inside Day False Breakout. Essentially, it’s centered around deceptive breakouts and approaching them properly. Example chart: How to use the Hikkake Pattern Indicator for Metatrader 5? The Hikkake pattern is built on two bars. First, price breaks out of an inside bar, most […]
QQE Indicator MT5
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 to use the QQE Indicator for […]
VWAP Indicator MT5
The WAP Indicator for MT5 calculates the average price of a currency pair based on trading volume. It helps traders analyze market activity and is displayed as three lines on the chart. The VWAP acronym stands for Volume Weighted Average Price. Example chart: How to use the VWAP Indicator for MT5? The VWAP indicator plots […]
