Category: Forex MT5 Indicators
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 […]
Bollinger Bands Color Indicator MT5
The Bollinger Bands Color Indicator for MT5 tracks market volatility using bands built around a moving average. Then it shades the space blue, red, gray to flag bullish, bearish and neutral conditions at a glance. Example chart: How to use the Bollinger Bands Color Indicator for MT5? Like other Bollinger-style indicators, this one plots a […]
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 […]
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 MT5
The Bollinger Bands Cross Alert Indicator for MT5 monitors price against the standard Bollinger Bands. It sends an alert when the price closes outside the upper or lower band. This can signal a possible change in market direction. You don’t need to watch the chart constantly. Example chart: How to use the Bollinger Bands Cross […]
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 […]
