Category: Forex MT5 Indicators
JF Engulfing Candle Indicator
The JF Engulfing Candle Indicator is an accurate tool for spotting engulfing patterns on charts. Very often, when an engulfing candle appears, it is a sign of a trend reversal, which you can take advantage of. The gauge displays buy/sell arrows when a signal happens. How to apply the JF engulfing candle pattern? As the […]
Bollinger Bands Cross Alert Indicator
The Bollinger Bands Cross Alert Indicator offers an alert when the price is out of the Bollinger Bands range, indicating a possible price direction change. The indicator was originally created by Issam Kassas (DFXG – Dubai Forex Group). Example charts Check charts of the Bollinger Bands Cross Alert Indicator in action. Settings These are available […]
Donchian Channel Indicator
The Donchian Channel Indicator for MT5 is a volatility indicator that uses the calculation of the current price range with the help of the recent highest and lowest price levels of an asset. To perform the calculation for the Channel, the gauge needs to find the highest maximum and the lowest minimum for a defined […]
MACD Histogram Multi-Color Indicator
The MACD Histogram Multi-Color Indicator for MT5 shows the difference between the MACD and Signal Lines. For the calculation of the MACD line, you can choose from the usual price types. For the calculation of the Signal Line, you can choose between SMA or EMA. The histogram can be switched between single and multi-color. Example […]
Xmaster Formula Indicator MT5
The Xmaster Formula Indicator for MT5 displays a bi-colored dashed line that shows market trends and their directions. It’s often referred to as the xhmaster formula. This tool is a modern version of a popular indicator known for providing reliable and accurate signals, originally released for earlier MetaTrader platform. How to trade with the Xmaster […]
Relative Volatility Index Indicator MT5
The Relative Volatility Index Indicator for MT5 consists of two color-filled floating areas which suggest whether the current volatility is bullish or bearish. The indicator is originally coded to support multi-time frame analysis and provides alerts. Example chart: How to use the relative volatility index indicator for mt5? When the floating area is greenish – […]
Half Trend Buy Sell Indicator
The Half Trend Buy Sell Indicator for MT5 is a trend-following and non-repainting forex trading gauge. Its signals are calculated and provided in a totally automatic way and are based on moving averages intersections. It’s a newbie-friendly tool as these signals are presented in the form of simple buy/sell arrows. Nonetheless, signal reliability is really […]
MACD Histogram Indicator MT5
The MACD Histogram Indicator for MT5 is responsible for showing the difference between the MACD line and signal line. Additionally, the histogram bars make it easy to see when bulls or bears are gaining control of the market. How to use the macd histogram indicator for mt5? A quick glance of an eye is enough […]
CCI Divergence Indicator
The CCI Divergence Indicator for MT5 is a great tool for trend reversal recognition that often takes place after the divergence between price and Commodity Channel Index (CCI) happens. All the hassle is taken from traders, as that gauge recognizes the signals in a completely automatic way. Closer look on the CCI Divergence Indicator A […]
RSI (Var) Hull of Hull Average Indicator
Before we start explaining the RSI (Var) Hull of Hull Indicator, you should know that the Relative Strenght Index (RSI) uses for its calculations something called Wilders EMA. Replacing that Moving Average with some other type results in a totally different version of RSI comparing the original RSI. As the name suggests, this gauge uses […]
