Category: Forex MT5 Indicators

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 MT5

The Half Trend Buy Sell Indicator for MT5 is a non-repainting, trend-following tool that generates fully automatic signals based on moving average crossovers. Signals appear as simple buy/sell arrows. This form makes it easy to use even for beginners, but still holding up as a reliable tool overall. Example chart: How to use the Half […]

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 […]

Trix Candles with Keltner Channel Indicator

The Trix Candles with Keltner Channel Indicator is, as the name suggests, a combination of Trix Candles and Keltner Channel. It uses the 4 Trix (Triple Exponential Moving Averages Oscillator) with values of open, close, high, and low to construct candles of this indicator. That forex indicator provides quite smooth results (which is not a […]

Renko Chart Indicator

The Renko Chart Indicator for MetaTrader 5 draws, instead of candles, bricks or boxes that are all of the same size. These bricks are based on the price movement while ignoring the time factor. It means that no matter of active timeframe, the Renko Chart looks always the same. The Renko Chart is good to […]

JMA Keltner Channel Indicator MT5

The JMA Keltner Channel Indicator for MT5 is a Keltner Channel that swaps the usual simple moving average for a Jurik Moving Average (JMA), so the centerline reacts faster while staying smooth. Example chart: How to use the JMA Keltner Channel Indicator for MT5? The indicator plots a JMA in the middle with an upper […]

WPR Histogram Vol Indicator MT5

The WPR Histogram Vol Indicator for MT5 is, as the name suggests, a forex volume indicator based on Williams Percentage Rate. It is developed on the following formula: (WPR + 50) * Volume. For quite understandable reasons, the recalculation of overbought and oversold levels in such a modified oscillator should be performed using the same […]

Keltner Channel Indicator MT5

The Keltner Channel Indicator for MT5 plots a volatility-based channel around a moving average. It helps users read trend direction and spot potential entries at the bands. Example chart: How to use the Keltner Channel Indicator for MT5? The Keltner Channel Indicator plots three lines: a moving average in the middle, with an upper and […]