Category: Forex MT5 Indicators

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

The JMA Keltner Channel Indicator for MT5 is a variation of the standard Keltner Channel indicator, but this one is based on Jurik Moving Average. The Keltner Channel is usually calculated as SMA (Simple Moving Average) +- ATR distance for the bands. Since SMA is the slowest moving average, that version uses a much “faster” […]

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

The Keltner Channel Indicator for MetaTrader 5 is named after Chester Keltner who first introduced his indicator in his 1960 book “How to make money in Commodities“. The original indicator was based on the 10-period moving average, and this one can be set to both simple moving average and exponential moving average. It consists of […]

Auto Trend Channel Indicator MT5

The Auto Trend Channel Indicator for MT5 analyzes price points and automatically draws trendlines that form a price channel. These trendlines act as dynamic support and resistance levels. Example chart: How to use the Auto Trend Channel Indicator for MetaTrader 5? The idea behind trading with the auto trend channel indicator is about how price […]

VWAP Close Indicator

The VWAP Close Indicator is based on the Volume Weighted Average Price (VWAP) and works in a very similar manner to the Moving Average indicator. A trader should pay attention to the slope of the VWAP Close indicator and trade accordingly.

AO Divergence Indicator MT5

The AO Divergence Indicator for MT5 automatically recognizes divergences between price and Awesome Oscillator indicator. When the signal is spotted, it plots a buy/sell arrow accordingly. Therefore, trading with the AO Divergence Indicator becomes really easy. How to use the AO Divergence Indicator for MetaTrader 5? The AO Divergence Indicator saves a trader from the […]