Precision Trend Indicator

Introduction to the Precision Trend Indicator The Precision Trend indicator recognizes the trend direction and overlaps default candles to according colors (lime/orange). The signals provided by that tool are really easy to read – you can use it for standalone scalping, swing trading, and reversals. It is a NON REPAINT indicator, so you can backtest…

ADX VMA Trend Indicator

Introduction to the ADX VMA Trend Indicator The ADX VMA Trend indicator uses adxvma steps to show the trend and its strength. The values can be smoothed using one of the 5 smoothing types: simple moving average exponential moving average smoothed moving average linear weighted moving average adxvma average Red bars reflect a bearish trend…

RSI with Fibonacci Auto Channel Indicator

Introduction to the RSI with Fibonacci Auto Channel Indicator The RSI with Fibonacci Auto Channel indicator is based on the Relative Strength Index with some Fibonacci levels implemented into the code of this tool. The main bold signal line is colored pink and green and it switches its coloring depending on market trends. You should…

Currency Strength Meter Indicator

Introduction to the Currency Strength Meter Indicator The Currency Strength Meter indicator shows which currencies are trading STRONG against the WEAK currencies! The indicator is displayed in a separate window placed just below the main trading chart, and it provides the strength momentum of the 8 major currencies: EUR GBP AUD NZD CAD CHF JPY…

Support and Resistance Indicator

Introduction to the Support and Resistance Indicator The Support and Resistance indicator for MT5 displays the support and resistance levels using the Fractals indicator. The calculation of support levels is based on the “Fractals down”, and the calculation of the resistance levels is based on the “Fractals up” of the Fractals indicator by Bill Williams.…

Heiken Ashi Smoothed Indicator

Introduction to the Heiken Ashi Smoothed Indicator The Heiken Ashi Smoothed indicator is a very popular trading tool. It helps to see clear trend momentum without much noise. The logic behind the smoothed version of Heiken Ashi candles is simple: instead of using “raw” prices” for calculations, it’s using smoothed/filtered/averaged prices instead. That usually filters…

PPMCC Forex Indicator

Introduction to the PPMCC Indicator The PPMCC shortcut means Pearson Product-Moment Correlation Coefficient (Pearson’s PCC). That tool displays the linear relation between the moving average values of two forex pairs with values ranging from -1 to +1. When the chart is above zero, a positive correlation is marked. Correlation is negative below zero. Zero indicates…

Heiken Ashi Indicator

Heiken Ashi Indicator How to install the Heiken Ashi Indicator on your Metatrader 5 trading platform? Download the indicator by clicking “LINK” button at the bottom of this post. Copy and paste the Heiken Ashi Indicator files into following folder of your Metatrader 5 (MT5) platform: MQL5 > Indicators. You can gain access to the…

RSI Candles Smoothed

The RSI Candles Smoothed indicator is a combination of four RSI values (RSI of High, Low, Open and Close) displayed as candles in a sub-window below the main trading chart. This version has an additional options to enable prices pre-smoothing prior to be used in a calculation, which makes it an RSI-of-MA combination. To avoid…

Ehlers IFT of Smoothed RSI

Ehlers IFT of Smoothed RSI How to install the Ehlers IFT of Smoothed RSI on your Metatrader 5 trading platform? Download the indicator by clicking “LINK” button at the bottom of this post. Copy and paste the Ehlers IFT of Smoothed RSI files into following folder of your Metatrader 5 (MT5) platform: MQL5 > Indicators.…