Category: Pattern Indicators
Doteki Heiken Ashi Indicator
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
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. 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 with 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 […]
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
The AO Divergence Indicator 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 apply AO divergence in trading? The AO Divergence Indicator saves a trader from the hassle of manual finding Awesome […]
Blue Renko Bars Indicator
The Blue Renko Bars Indicator displays, as the name suggests, Renko Candlesticks colorized to blue color. The default size of each brick is 10 pips. Remember that Renko Chart works in a different way than standard Japanese Candlesticks Charts. In the case of Renko, the candlesticks are based on the price movement, not on the […]