Category: Pattern Indicators

Master Pattern Indicator MT5

The Master Pattern Indicator for MT5 is a tool developed by LuxAlgo that recognizes contraction patterns and highlights them on the chart. It also plots expansion lines. What’s more, the indicator provides liquidity levels, which is helpful for traders looking for take profit and stop loss targets. Example chart: How to use the Master Pattern […]

Doteki Heiken Ashi Indicator MT5

The Doteki Heiken Ashi Indicator for MT5 is built on traditional heiken ashi candlesticks but uses a dynamic and customizable value for the averaging period, unlike the regular version which has a fixed value of 3.0. This feature allows for better adaptation to various market conditions (by tuning the sensitivity), as well as reliable multi […]

Bheurekso Pattern Indicator

The Bheurekso Pattern Indicator for MT5 performs charts analysis and seeks certain candlestick formations. It recognizes patterns like bullish/bearish harami, bull/bear cross, dark cloud, bullish piercing. Once any of them is found an upward or downward arrow is placed. What’s more, a high or low of the triggering bar serves as a reference point for […]

Harmonic Pattern Finder Indicator

The Harmonic Pattern Finder Indicator for MT5 was created to scan through forex charts and detect various trading patterns with precision and engagment. For convenience, it quickly presents the findings directly on the chart. When it comes to these detections, it has pretty solid reliability. So let’s see why it’s worth your attention. Why harmonic […]

Pattern Recognition Indicator

The Pattern Recognition Indicator for MT5 is forex tool designed to detect and display candlestick patterns on your charts as soon as they emerge. This indicator is specifically developed to automatically identify and highlight candlestick patterns in real-time on your trading charts. When it’s activated, your chart should look more less like this. How does […]

Hikkake Pattern Indicator MT5

The Hikkake Pattern Indicator for MT5, alternatively known as the Inside Day False Breakout, is a trading strategy centered around deceptive breakouts. Free download is available. Example chart: The MQL5 code of the indicator originated from an article written by Dan Chesler and published in April 2004 in Active Trader Magazine, titled “Trading False Moves […]

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 […]

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 […]

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 […]

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 […]