Category: Trend Indicators
Prevailing Trend Indicator
The Prevailing Trend Indicator for MetaTrader 5 simply reflects the current trend by two distinct lines. These so-called components and their setup has specific meaning, namely red one suggests bearish scenario, while the green one corresponds to bullish market. The trade signals occurs when they cross each other. Let’s see if such a basic tool […]
Averages Heatmap Indicator
The Averages Heatmap Indicator for MT5 is essentially a combination of multiple moving averages giving wide perspective on market situation. It can be successfully used for determining trend strenght and direction or even stop loss and take profit levels. When you activate the gauge, it will be displayed within own window placed below main trading […]
Karpenko Cloud Indicator
The Karpenko Cloud Indicator for MT5 is trend gauge that displays colorful cloud directly on the trading chart. These greenish and pinkish formations refelct prevailing market trends. What’s more, these special formations allows to spot potential shifts in market-driving powers. Let’s see how to utilize them. Trading signals of Karpenko Cloud indicator After you activate […]
Two SMA Cross Indicator
The Two SMA Cross Indicator for MT5 is, as the name suggests, a combination of two simple moving averages. They work together to generate clean buy and sell signals directly on trading chart along with colorful visual references. It can be effectively utilized in many ways, but mainly as trade entries and exit points provider […]
Breakout Bars Trend Indicator
The Breakout Bars Trend Indicator for MT5 simply colorizes candlesticks directly on the chart in order to provide market trend-momentum with a quick glance. This is a great way to reduce clutter in your technical analysis and improve confidence of the trading decisions. You can consider it as an alternative to moving averages that help […]
Instantaneous Trend Line Levels Indicator
This is the Instantaneous Trend Line Levels Indicator for MT5 that displays a colorful cloud as core element. Actually there are seversal variations of this gauge and each one has some distinct differences. This one in particual uses self-adjusting levels for signals filtering. Other versions often rely on the ITL slope for calculations, but in […]
Vortex Trend Indicator
The Vortex Trend Indicator for MT5 is a simple trend recognition tool. Essentially it’s based on the original Vortex, but it has some modifications in terms of visual aspects. The signals are presented in a form of colorised diagram – in order to highlight the trend direction and market bias. It’s dispayed within seperate window […]